Landlord Insurance in Oklahoma: Costs, Requirements & Best Providers
Landlord insurance in Oklahoma is among the most expensive in the country. The homeowners benchmark is $7,255 a year, nearly three times the $2,490 national average, and a landlord (DP-3) policy typically runs about $8,300 to $9,100. Hail and tornadoes drive that price. Get a landlord insurance quote and compare the wind and hail deductible and roof terms line by line, because they decide what a storm actually costs you.
By LandlordTested editorial teamPrices checked
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What landlords pay in Oklahoma
- Homeowners benchmark
- $7,255 a yearAbout $605 a month; 191% above the $2,490 national average.
- Estimated landlord policy
- $8,350-$9,050 a yearLandlord (DP-3) cover typically runs 15-25% above homeowners cover on the same building. Your quote will differ.
- Main hazards
- Tornado, Hail, Wind, Ice storm, Earthquake
- Not included
- Flood and earthquakeBoth need separate policies (NFIP or private flood; earthquake endorsement or policy).
Source: NerdWallet, 2026 homeowners (HO-3) median, $400,000 dwelling cover
Landlord insurance providers in Oklahoma
Both write landlord policies in all 50 states and quote online. Neither publishes prices, so the only way to know your premium is to get a quote for your address.
- 1
Steadily
Our pickSingle-family and 2-4 unit rentals, including vacant and short-term.
8.5/10 provisionalPrice
Quote-based
Pros, cons and who should skip itHide details
Good
- Covers all 50 states.
- Fast online quotes.
- Writes vacant and renovation properties too.
Watch out
- Mixed claim experiences, including wear-and-tear denials.
- Underwritten through a carrier some lenders have queried.
- Flood needs a separate policy.
Skip it if
Anyone who wants a local agent sitting across the desk.
- 2
Obie
Investors with several properties; portfolio policies available.
8.1/10 provisionalPrice
Quote-based
Pros, cons and who should skip itHide details
Good
- All 50 states plus DC.
- Portfolio (blanket) policies for several rentals.
- Covers short-term rentals and renovations.
Watch out
- Claims run through third-party administrators.
- Some reports of non-renewal after claims.
- Support is mostly email.
Skip it if
Landlords who want claims handled by the company they bought from.
Prices checked Oct 18, 2026. Scores are provisional until our account tests are done.
Want to see how Oklahoma compares? We keep a table of landlord insurance rates by state, with the method behind every figure.
On this page
Why Oklahoma costs nearly three times the national average
Hail is the largest single reason. Storms that drop golf ball or larger hail cross Oklahoma City, Tulsa, Norman and Lawton most springs, and a single storm can generate thousands of roof claims. Tornadoes add total losses. Insurers set their Oklahoma rates expecting heavy payouts year after year.
A landlord policy costs more again than homeowners coverage, since no one lives in the property to spot roof damage or a leak early.
The wind and hail deductible
Most Oklahoma quotes carry a separate wind and hail deductible, often 1%, 2% or more of the dwelling limit. Here’s the math on a rental insured for $250,000:
| Deductible | Your cost on a hail claim |
|---|---|
| 1% | $2,500 |
| 2% | $5,000 |
| 5% | $12,500 |
A low premium with a 5% deductible means you’re self-insuring most roof claims. Loans sold to Fannie Mae generally cap the deductible at 5% of the dwelling limit, and many lenders set their own lower ceilings.
Roof age and how claims get paid
Ask each insurer two questions: does the policy pay the roof at replacement cost or actual cash value, and is there a cosmetic damage exclusion? A cosmetic exclusion means dents in metal roofing or gutters that don’t cause leaks aren’t paid. Both terms are common in Oklahoma and both change what a storm costs you.
Earthquakes and ice storms
Oklahoma’s earthquake activity climbed in the 2010s, linked by state and federal scientists to wastewater injection from oil and gas operations. The 2016 Pawnee quake, magnitude 5.8, damaged buildings across the area. Earthquake is excluded from landlord policies; an endorsement adds it.
Ice storms bring their own claims: trees through roofs, power outages that lead to frozen pipes, and gutters torn off by ice weight.
Lender requirements
Your lender will require a landlord (dwelling) policy naming it as mortgagee, with dwelling coverage at least equal to the loan or rebuild cost, and a deductible within its limits. Flood insurance is required on federally backed loans in a mapped high-risk zone. Investor lenders usually require loss-of-rent coverage.
Ways to bring the premium down
- Install Class 4 impact-resistant shingles and get the discount noted on the declarations page.
- Keep roof records: install date, material, inspection reports and photos after each storm season.
- Pick the highest deductible your reserves can cover, then compare quotes at that same level.
- Insure all your rentals with one carrier. Obie offers portfolio policies with blanket limits.
- Require renters insurance with liability coverage, so a tenant’s kitchen fire isn’t only a claim on your policy.
Oklahoma deposit rules
Oklahoma sets no cap on deposits (Okla. Stat. tit. 41, § 115). The statute ties the return to the tenant’s written demand within six months of the lease ending, and the deadline commonly cited is 45 days, with an itemized list. Check the current statute before relying on that timeline.
Questions landlords ask
The questions we get most, each answered in a paragraph.
Why is landlord insurance so expensive in Oklahoma?
Oklahoma sits in the middle of the country's worst hail and tornado zone. Large hail can total a roof in minutes, and tornadoes like the 2013 Moore storm destroy whole neighborhoods. Insurers pay out heavily in most years and price for it. Ice storms and growing earthquake activity add to the bill.
Does landlord insurance cover earthquakes in Oklahoma?
No. Standard landlord policies exclude earthquake damage. Oklahoma's earthquake activity rose sharply in the 2010s, and the 2016 Pawnee earthquake was the largest in the state's record. You can add an earthquake endorsement or buy a separate policy, usually with a deductible set as a percentage of the dwelling limit. Ask for it as a separate line on the quote so you can see what it adds.
What happens if my roof is old?
Many Oklahoma policies pay older roofs at actual cash value, meaning replacement cost minus depreciation. On a 15-year-old roof, that can leave you paying most of a replacement after hail. Some insurers won't write an older roof at all. A newer impact-resistant roof widens your choice of carriers and often earns a discount.