Affordable landlord insurance for Oklahoma rental properties: single homes, duplexes, or full portfolios. Ranked #1 in Oklahoma City.
OKC Insurance Brokers is an independent insurance broker in Oklahoma City, and these numbers come from the 165+ rental properties we insure across Oklahoma. Quote your rental online in minutes, no call-back needed, or send us the declarations page you have now. We are not quoting national averages. These figures come straight from the landlord and rental dwelling policies we manage for Oklahoma property owners right now, in 2026.
Shopping today? New landlord quotes we run in 2026 for a single Oklahoma City rental typically land between $1,800 and $3,500 a year, with newer roofs and lower wind/hail deductibles at the low end, older roofs and full replacement cost at the high end. Rates keep climbing statewide, which is why the book median below sits under what a brand-new quote costs.
What moves your price inside that range: the rebuild value of the home, roof age and shape, the wind and hail deductible you choose, claims history, and whether the home sits in the metro or a rural protection class.
Most Oklahoma rental policies carry a separate wind and hail deductible of 3% to 5% of the dwelling coverage. On paper that sounds small. In dollars it is not:
| Dwelling coverage | 3% wind/hail deductible | 5% wind/hail deductible |
|---|---|---|
| $150,000 | $4,500 out of pocket | $7,500 out of pocket |
| $200,000 | $6,000 out of pocket | $10,000 out of pocket |
| $300,000 | $9,000 out of pocket | $15,000 out of pocket |
A cheaper premium with a 5% deductible can cost you more after one hail storm than years of the premium savings. We run both numbers on every quote so you pick with your eyes open. A flat $5,000 wind and hail deductible is a good one when a carrier will write it, and 3 to 5 percent of the dwelling is what most Oklahoma policies are offered.
Because we are independent, one application gets your property in front of the carriers that actually want Oklahoma rentals, including Liberty Mutual, Foremost, Obie, American National, Steadily, and American Modern. Different carriers price roof age, older homes, and portfolios very differently, and that spread is exactly why our landlords' premiums range as widely as the numbers above.
One of the landlord markets we quote is Obie's StarStone Specialty Insurance Company program, a dwelling fire product built specifically for property owners. Three things make it stand out:
One thing to watch: the dwelling replacement cost coverage carries a coinsurance clause. If the building is insured for less than 80% of its value, determined at the time of loss by a licensed adjuster, a claim can be penalized. It is exactly why we insure to a real rebuild number instead of the loan balance, on this policy and every other one.
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A landlord policy, often written on a dwelling fire form, insures a property you rent to someone else. A homeowners policy assumes you live there, and carriers will deny or non-renew a homeowners policy on a home that is actually a rental. The four pieces that matter:
What it does not cover: your tenant's belongings. That is their renters policy, not yours, and it is the single most common misunderstanding we correct with new landlord clients.
Oklahoma does not require landlord insurance by statute. In practice three other parties do:
Tell your carrier it is a rental. Leaving a rented property on a homeowners policy to save money is the fastest way to have a large claim denied.
Vacancy. Most policies restrict coverage once a property has been vacant beyond a set period, commonly around 30 or 60 days, and vandalism and water damage are usually the first things excluded. If you are between tenants, mid-renovation, or holding a property you just bought, tell us before it sits empty so we can endorse it or move it to a vacancy form.
Actual cash value on the roof. Two policies with identical limits settle a hail claim very differently. Replacement cost pays to replace the roof; actual cash value pays replacement cost minus depreciation, so an older roof can settle for a fraction of the bill. In Oklahoma many carriers move older roofs to actual cash value automatically, and on rentals they do it sooner. Check which basis your roof is on before storm season, not after.
Once you are past two or three doors it is usually worth quoting the portfolio together rather than one policy at a time. It consolidates renewal dates, often improves pricing, and makes a personal umbrella above the rentals simpler to place. Investors buying and selling regularly should also ask about how quickly a property can be added mid-term. See our real estate investor insurance page, and if the property is being renovated, builders risk is the right form during the work.
One honest limit: mixed use buildings with both commercial and residential tenants, such as a shop downstairs with apartments above, are not our specialty. Our landlord markets are built for residential rentals, so a mixed tenant building would be a commercial property quote instead. Start one on our commercial property quote form.
The line is drawn at four units. A duplex, a triplex or a fourplex is still a dwelling to the carriers that write landlords, and it goes on the same landlord markets and the same dwelling fire form as a single rental house, with loss of rents sized to all the units together. Five units and up is a different product. An apartment building is a commercial habitational risk, written as a commercial package: the building at replacement cost, general liability for the common areas and the tenants' guests, loss of rents for the whole building, and options such as equipment breakdown for the boilers and the HVAC. We quote those through our commercial markets, so an investor whose portfolio has three houses and a twelve-unit building deals with one broker for all of it. Start the apartment quote on the business quote form, or read how commercial property insurance is priced first.
Two things apartment owners in Oklahoma ask us about most: the wind and hail deductible, which on a large building is set as a percentage and can run into tens of thousands of dollars, and the roof settlement basis, where an older flat roof on actual cash value can leave a gap of half the roof's cost after a hail claim. We run both numbers before you buy.
Across the 165+ rental properties OKC Insurance Brokers insures, the median is about $1,500 a year and the middle half falls between $1,200 and $2,100. New quotes run in 2026 for a single Oklahoma City rental typically land between $1,800 and $3,500 a year depending on roof age, wind and hail deductible and rebuild value.
Most Oklahoma rental policies carry a separate wind and hail deductible of 3 to 5 percent of the dwelling coverage. On a $200,000 dwelling that is $6,000 at 3 percent and $10,000 at 5 percent, so a cheaper premium at 5 percent can cost more after one hail storm than the premium savings.
OKC Insurance Brokers places Oklahoma rentals with Liberty Mutual, Foremost, Obie, American National, Steadily and American Modern, among others. Carriers price roof age, older homes and portfolios very differently, which is why one application to several markets matters.
The building at rebuild cost, other structures such as a detached garage or fence, loss of rents while the property is uninhabitable after a covered loss, and liability for injuries to tenants or their guests. It does not cover the tenant's belongings, which is their renters policy.
Not by state law, but a mortgage lender will require it and will name itself as mortgagee, and an HOA may set a minimum liability limit. Your own lease can also require the tenant to carry renters insurance, which is the cheapest way to move their belongings and liability off your policy.
No. A homeowners policy assumes you live in the home, and carriers can deny a claim or non-renew once they learn the property is tenant occupied. A rental belongs on a landlord or dwelling fire policy.
Most policies restrict coverage after a property has been vacant beyond a set period, commonly 30 to 60 days, with vandalism and water damage usually excluded first. Tell your agent before the property sits empty so the policy can be endorsed or moved to a vacancy form.
Yes. A duplex, triplex or fourplex is written on the same landlord dwelling markets as a single rental. A building with five or more units is a commercial habitational risk and is quoted as a commercial package: the building at replacement cost, general liability, loss of rents and, if you want it, equipment breakdown, through our commercial markets rather than the dwelling markets.
$300,000 per occurrence is the floor we quote. $500,000 or $1,000,000 costs little more on a landlord policy, and an investor with several doors is usually better served by a personal umbrella sitting above all the rentals than by raising each policy on its own.
Fill in the landlord quote form on this site, which takes about five minutes, or send us the declarations page from your current policy. We quote the property across our landlord markets and usually come back the same business day. A closing date or a lender deadline goes to the front of the line, so tell us if you have one.
Some of that is real: a rental carries more liability exposure, loss of rents, and a tenant who did not pick the house. Some of it is one carrier not wanting rentals. A fair dwelling fire quote usually runs 10 to 25 percent above the same house as owner-occupied. When the gap is double, the carrier is telling you to shop, so send us the declarations page and we will run it across our landlord markets.
Yes, from the day a tenant moves in. Your homeowners policy assumes you live there, and a claim on a tenant-occupied house can be denied outright. A landlord (dwelling fire) policy is built for it and, on one house, often costs less than people expect. Across the 165+ rentals we insure the median is about $1,500 a year.
Most Oklahoma leases we see require it, and we recommend the clause. It moves the tenant's belongings and the tenant's own liability off your policy, and a renters policy costs them about $15 a month. Put the requirement and the liability limit in the lease, ask for the certificate at move-in, and check it at renewal.
Flat and low-slope roofs, older duplexes and fourplexes, and properties in high hail ZIP codes fall outside the standard dwelling markets, which is why the standard carriers decline or quote $8,000. We place those through specialty landlord markets that rate the roof type instead of refusing it. Send the roof year, roof type and current declarations and we will tell you the same day which market will take it.
The cheap quotes carry a 5 percent wind and hail deductible, actual cash value on the roof, and no loss of rents. On a $200,000 rental that deductible is $10,000 after one storm. The policy that is cheapest at claim time is replacement cost on the roof, a flat $5,000 or 3 percent wind and hail, and $300,000 or more of liability. We quote both so you can see what the cheap one actually gives up.
Most landlords buy the next property before they think about insuring it. John Shawareb is a licensed real estate broker in Oklahoma as well as your insurance broker, so the same person can help you find the rental, look at the numbers with you, and have the landlord policy ready for the day you close.
One application, quoted across the carriers that actually want Oklahoma rentals.
Prefer to talk? Call or text (405) 509-9433
