Oklahoma Insurance Requirements & Rates

Oklahoma requires minimum liability coverage of 25/50/25 (bodily injury per person / per accident / property damage). Oklahoma is an at-fault state, meaning the driver who caused the accident is responsible for paying damages. Uninsured motorist coverage is not required but recommended.

Oklahoma homeowners face risks from tornadoes, hail, severe thunderstorms, ice storms. The flood risk level is moderate and earthquake risk is moderate. Separate wind/hail deductible common in tornado-prone areas. The average annual home insurance premium is $6,128.

Oklahoma requires riders under 18 to wear helmets. Lane splitting is not legal. Eye protection is required for all riders. The riding season is march–november.

Yes, workers' compensation insurance is required in Oklahoma. Sole proprietors and partners may opt out; agricultural employers with fewer than 5 employees exempt. Oklahoma has approximately 400,000 small businesses, with top industries including Oil & Gas, Agriculture, Aerospace & Defense.

Yes, Oklahoma has expanded Medicaid. The state uses the federal marketplace at healthcare.gov. The uninsured rate is 14%.

Yes, landlords in Oklahoma can require tenants to carry renters insurance as a condition of the lease. About 34% of Oklahoma residents are renters, with average monthly rent of $850.

With a median household income of $55,826, most Oklahoma families should consider 10-12x their annual income in life insurance coverage. Oklahoma has below-average life expectancy, making adequate coverage especially important. Currently, 46% of Oklahoma households have life insurance.