Hybrid sol–gel materials have been found very promising anticorrosive coatings for metal substrates. In this article, the synthesis of novel hybrid organic‐inorganic sol–gel polymer; starting from tetraethyl orthosilicate, (3‐aminopropyl) trimethoxysilane, dimethoxy‐methyl‐octadecylsilane and polydimethylsiloxane, silanol terminated precursors, is reported. The hybrid polymer has been further loaded individually as well with five different metal oxides, then deposited on mild steel panels. All cured coating formulations have been characterized using thermogravimetric analysis, contact angle measurements, electrochemical impedance spectroscopy, vicker‐microhardness, surface roughness, and critical load analyses. Results have revealed that the parent coating exhibits excellent thermal stability and hydrophobic nature with minor observed changes on the two properties for the metal oxide‐loaded coatings. Electrochemical impedance and visual inspection results indicated excellent corrosion protection performance for all metal oxide composite coatings (except magnesium oxide) on steel when immersed in 3.5% NaCl solution for a prolonged time. Furthermore, the coating containing molybdenum oxide exhibited a maximum hardness, homogeneity, and adherence to the steel surface. The developed coating formulations in this study can be considered as a promising alternative to the currently‐used toxic chromate and phosphate coatings. © 2018 Wiley Periodicals, Inc. J. Appl. Polym. Sci. 2018, 134, 46718