Best Ways To Get Affordable Car Insurance In Oklahoma

Oklahoma is a modern city that boasts of its rich culture, cuisine, and lovely attractions. The state is also a major producer of gas.

The Sooner State as it is also called ranks as one of the best places to live in the US because of its low cost of living; having an average cost lower than the national average.

Auto insurance is an important purchase and the good news is that it is relatively cheap in the State of Oklahoma. Auto insurance companies use a number of factors to determine how much premium you pay for your car insurance.

Some of these factors are age, marital status, location, credit score, driving history, and the type of vehicle you have.

An average driver pays $895 per annum for car insurance which is below the national average.

But, if you still want better rates, there are ways to go about it. Below we’ve provided you with some tips on how to save money on your premiums.

Tips for Cutting Costs On Auto Insurance

Shop Around

Shopping around for quotes can save you some money on your car insurance in Oklahoma. Auto insurers have different rating systems.

Obtaining quotes from multiple insurers and comparing them to get the best and most affordable rates for your coverage type can lower your premiums. So make sure to look around for quotes at the time of renewing your policy.

Increase your Deductibles

A deductible is the amount of money a policyholder pays when he is involved in an accident before his insurer steps in. The higher deductibles you pay the lower premiums you pay for auto insurance. 

Take Advantage of Discounts

Many insurance companies offer discounts to their clients. For example, the good student discount given to parents who add a teen to their policy.

When parents add a teen to their policy, their premiums skyrocket, but the discounts provided by the insurers help to lower it significantly as long as their teen maintains at least a B average while in school.

Maintain a Good Credit Score

Research has shown that drivers with a poor credit score tend to make claims more often. And so, auto insurance companies charge drivers with good credit scores less than drivers with a poor credit history.

Take a Defensive Driving Course

Many insurers give discounts to drivers who take an approved defensive driving course and drivers who take courses like defensive driving, and accident prevention may be able to reduce the number of points on their licenses.

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Minimum Liability Car Insurance In Oklahoma

The US law requires all car owners to have liability car insurance and Oklahoma is not an exception. The liability car insurance pays for damages and bodily injuries you cause to another person in an accident. The liability insurance consists mainly of property damage and bodily injury. Other components include:

Underinsured and Uninsured Motorist Coverage

This type of coverage pays for your medical expenses when you are hit by an at-fault driver with little or no auto insurance coverage. Auto insurance providers offer these coverage types but you can reject them in writing.

A Full Coverage Policy includes liability insurance and also a comprehensive collision coverage that pays for damages to your vehicle in an at-fault accident.

If you must drive legally in Oklahoma, you must carry at least the following minimum liability insurance:

  • $25,000 in bodily injury liability coverage per person per accident
  • $50,000 for bodily injury liability coverage for all people injured per accident
  • $25,000 for property damage per accident 

A serious car accident in Oklahoma would likely cost more than these minimum limits. Purchasing the minimum limits would require you to pay out-of-pocket to cover the remaining bills incurred from the accident.

Experts advise that drivers purchase higher coverage limits to protect them from financial losses in events of serious accidents.

Cheapest Minimum Liability Car Insurance In Oklahoma

Drivers in Oklahoma looking for the most affordable auto insurance should consider purchasing minimum liability coverage as it only meets the state’s requirements.

In Oklahoma, USAA offers the lowest rates for minimum liability coverage with an average annual of $373 followed by Geico with an average annual of $492. 

USAA however, is for only veterans, military members, and their close family members.

  • USAA: $373 per annum
  • GEICO: $401 per annum
  • State Farm: $492 per annum
  • Farmers: $579 per annum
  • Progressive: $593 per annum

MetLife offers the most expensive car insurance for minimum coverage at an average annual of  $852.

Cheapest Full Coverage Car Insurance In Oklahoma

A full-coverage policy includes liability insurance and comprehensive and collision coverage that pays for damages to your vehicle and typically is more expensive. Premium charges for full coverage differ among companies. 

Below are some companies that charge the least in Oklahoma for full coverage: 

  • GEICO: $774 per year
  • USAA: $827 per year
  • Farmers: $1,005 per year
  • State Farm: $1,069 per year
  • All-State: $1,192 per year

If you are looking for full coverage for the lowest prices in Oklahoma, strongly consider Geico. The average annual cost for full coverage in Geico is $774. The next cheapest is USAA but it is exclusive to the military and their families. 

Cheapest Car Insurance For Drivers With A DUI In Oklahoma

A DUI conviction is a grievous offense in Oklahoma. It endangers your safety and that of others. If you are caught driving under the influence of alcohol, your license is likely to get suspended, pay fines and serve a jail term.

It is a serious infraction on your driving history and auto insurers charge them higher because they are classified as high risk. Compared to average drivers who pay an average of $1,299 per year, drivers with DUI on their record pay  $2, 025 per year. 

However, not all companies charge as much. Some insurers that offer the lowest rates to drivers with a DUI in Oklahoma are:

  • State Farm: $1,145 per year
  • Farmers: $1,388 per year
  • USAA: $1,456 per year
  • Allstate: $1,463 per year
  • Progressive: $1,652 per year

Note; for drivers with a clean driving record, Geico and USAA offer the cheapest rates

Cheapest Car Insurance In Oklahoma For Drivers With An At-Fault Accident

Your driving history is one of the major factors auto insurance uses to evaluate how much you pay for your car insurance. An at-fault accident on your driving history will make you pay higher premiums for auto insurance. In Oklahoma, drivers with an at-fault accident pay an average of $1,762 annually for auto insurance. 

Amongst the auto insurance providers in Oklahoma, the following offer the cheapest rates for drivers with an at-fault accident:

  • USAA: $1,185 per year
  • State Farm: $1,221 per year
  • GEICO: $1,304 per year
  • Allstate: $1,444 per year
  • Farmers: $1,448 per year

Although USAA is the most affordable option in Oklahoma for drivers with an at-fault accident on their driving history at $1,185 yearly, this policy is exclusive to military personnel and their close families.

Cheapest Car Insurance Companies In Oklahoma For Drivers With Bad Credit

Auto insurance companies charge drivers with bad credit higher compared to drivers with good credit. In Oklahoma, it is the same. On average, a driver with good credit in the state pays $1,299 annually and those with poorer credit scores pay $2,165 per year. 

Some companies offering the cheapest rates to drivers with bad credit are:

  • Geico: $1,120 per year
  • USAA: $1,423 per year 
  • Farmers: $1,565 per year
  • Oklahoma Farm Bureau: $1,627 per year
  • Allstate: $1,718 per year

Cheapest Car Insurance In Oklahoma For Seniors

Senior drivers in Oklahoma pay a little higher than average drivers. The average annual rate for senior drivers with full coverage is $1,344, while an average driver pays $1,389 annually. 

As a senior driver in Oklahoma, the most affordable companies for full coverage are:

  • USAA: $898 per year
  • State Farm: $1,027 per year
  • GEICO: $1,061 per year
  • Farmers: $1,149 per year
  • Allstate: $1,250 per year

Cheapest Car Insurance In Oklahoma For Young Drivers

Typically, young drivers are charged high rates for auto insurance due to inexperience behind the wheels. A 16-year-old in Oklahoma pays an average of $2500 per year and a 25-year-old pays $1,135 per year on average.

Stated below are some of the cheapest auto insurance companies that offer the best rates to young drivers: 

  • 16-year-olds: $2,163 at Allstate
  • 17-year-olds: $1,973 at Allstate
  • 18-year-olds: $1,774 at Allstate
  • 19-year-olds: $1,786 at Geico
  • 20-year-olds: $1,556 at Geico

Allstate and Geico offer the cheapest rates to young drivers in Oklahoma.

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