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| Cheapest Car Insurance in Oklahoma |
In Oklahoma, car insurance is mandatory and drivers are required to have liability insurance to cover any damages or injuries that they may cause in an accident.
The minimum liability limits required by the state are $25,000 for bodily injury per person, $50,000 for total bodily injury per accident, and $25,000 for property damage per accident.
Additionally, many drivers choose to purchase additional coverage, such as comprehensive and collision coverage, to protect their own vehicle in case of an accident.
Drivers can purchase car insurance from a variety of providers, including major national insurance companies and local agencies.
Here is a list of some of the major car insurance providers in Oklahoma:
- State Farm
- Allstate
- Geico
- Farmers
- Nationwide
- American Family
- USAA
- Progressive
- Liberty Mutual
- Safeco
- Etc.
Please note that this list is not exhaustive and there may be other providers that offer car insurance in Oklahoma.
It’s recommended to do your own research, compare the options available, and select a policy that best meets your needs and budget.
How Much Does Car Insurance Cost in Oklahoma?
The cost of car insurance in Oklahoma can vary depending on a number of factors, such as your age, driving history, the make and model of your vehicle, and the level of coverage you choose.
On average, however, the cost of car insurance in Oklahoma can be relatively affordable when compared to other states.
According to the National Association of Insurance Commissioners (NAIC), the average annual cost of car insurance in Oklahoma for 2020 was $1,499. This is lower than the national average of $1,548.
However, it’s important to note that these are just averages and the cost of car insurance can vary greatly depending on individual circumstances.
To get an accurate estimate of how much car insurance will cost you in Oklahoma, it’s best to get quotes from multiple providers and compare the options available.
| COMPANY | AVERAGE RATE |
| Allstate | $1,671 |
| Farmers Insurance | $1,621 |
| Geico | $1,151 |
| Mercury | $1,407 |
| Oklahoma Farm Bureau | $2,270 |
| Progressive | $1,790 |
| Shelter Insurance Group | $1,791 |
| State Farm | $1,179 |
| USAA | $922 |
| Statewide Average | $1,534 |
Car Insurance Cost Review in Oklahoma
The cost of car insurance in Oklahoma can vary widely depending on factors such as the driver’s age, location, driving history, and type of car.
According to a study by The Zebra, a car insurance comparison website, the average annual cost of car insurance in Oklahoma is $1,664, which is lower than the national average of $1,948.
However, it is important to note that these figures are just averages and the cost of car insurance can vary greatly depending on individual circumstances.
For example, a driver with a clean driving record and a low-risk car, such as a sedan, may pay significantly less for car insurance than a driver with multiple accidents or a high-risk car, such as a sports car.
Additionally, drivers under 25 years old tend to pay more for car insurance than older drivers because they are considered higher risk.
It’s also important to note that car insurance rates can vary depending on the area in which you live. Urban areas tend to have higher rates than rural areas due to higher accident rates and crime rates.
It’s recommended to compare quotes from multiple providers and to shop around for the best rates. Many companies offer discounts for good drivers, safe cars, and other factors, so it’s worth asking about these when getting quotes.
1. Oklahoma Rates for Teen Drivers
Teen drivers in Oklahoma can expect to pay higher rates for car insurance than more experienced drivers. This is because teenage drivers are considered high-risk by insurance companies due to their lack of driving experience and higher likelihood of being involved in accidents.
According to a study by The Zebra, a car insurance comparison website, the average annual cost of car insurance for a teenage driver in Oklahoma is $4,974, which is more than three times the cost for a driver in their thirties.
It’s also worth noting that rates can also vary depending on the type of car a teenager drives. Sports cars and other high-performance vehicles are considered high-risk and will result in higher insurance rates than more modest vehicles such as sedans or SUVs.
However, It’s important to shop around and compare quotes from different providers. Some companies may offer more affordable rates for teenage drivers, and there may be discounts available for good students or for completing driver education courses.
It’s also important to remember that by maintaining good grades, a clean driving record, and avoiding accidents and traffic violations, teens can work to lower their insurance rates over time.
| COMPANY | 17-YEAR-OLD FEMALE | 17-YEAR-OLD MALE |
| Allstate | $5,229 | $6,103 |
| Farmers Insurance | $7,151 | $7,725 |
| Geico | $3,878 | $4,067 |
| Mercury | $6,197 | $7,780 |
| Oklahoma Farm Bureau | $4,576 | $6,991 |
| Progressive | $10,392 | $11,491 |
| Shelter Insurance Group | $4,109 | $5,304 |
| State Farm | $2,766 | $3,487 |
| USAA | $2,973 | $3,174 |
| Statewide Average | $5,252 | $6,236 |
2. Oklahoma Rates for Young Adults
Young adults in Oklahoma, like teenage drivers, can expect to pay higher rates for car insurance than more experienced drivers due to their lack of driving history and higher risk of accidents.
However, rates will typically be lower for young adults than for teenage drivers.
According to a study by The Zebra, a car insurance comparison website, the average annual cost of car insurance for a driver in their twenties in Oklahoma is $2,304, which is about 50% more expensive than the average cost for a driver in their thirties.
It’s also worth noting that rates can vary depending on factors such as the driver’s location, driving history, type of vehicle, and the level of coverage chosen.
However, as young adults establish a driving history and prove themselves to be safe drivers, they can expect to see their insurance rates decrease over time.
It’s important to shop around and compare quotes from different providers, as well as to ask about discounts for good drivers, safe cars, and other factors.
Also, it’s important to remember that maintaining a clean driving record, avoiding accidents and traffic violations, and completing driver education courses can help young adults to lower their insurance rates over time.
| COMPANY | 25-YEAR-OLD FEMALE | 25-YEAR-OLD MALE |
| Allstate | $1,782 | $1,894 |
| Farmers Insurance | $1,762 | $1,888 |
| Geico | $1,088 | $1,109 |
| Mercury | $1,719 | $1,939 |
| Oklahoma Farm Bureau | $2,590 | $2,858 |
| Progressive | $2,217 | $2,346 |
| Shelter Insurance Group | $2,325 | $2,358 |
| State Farm | $1,263 | $1,424 |
| USAA | $1,067 | $1,137 |
| Statewide Average | $1,757 | $1,884 |
3. Oklahoma Rates for Seniors
Senior drivers in Oklahoma can generally expect to pay lower rates for car insurance than younger drivers, as they are considered to be less risky.
However, rates can still vary depending on factors such as location, driving history, and the type of vehicle driven.
According to a study by The Zebra, a car insurance comparison website, the average annual cost of car insurance for a driver in their sixties in Oklahoma is $1,541, which is about 20% cheaper than the average cost for a driver in their thirties.
It’s also worth noting that some insurance companies may offer additional discounts for senior drivers who have completed defensive driving courses.
However, as seniors age, they may be at a higher risk of accidents due to age-related changes such as vision loss, reduced reflexes, and cognitive decline. This may lead to a higher insurance rate.
It’s important for seniors to shop around and compare quotes from different providers, as well as to ask about discounts for good drivers, safe cars, and other factors.
Also, it’s important to maintain a clean driving record, avoid accidents and traffic violations, and complete defensive driving courses to keep insurance rates low.
| COMPANY | 60-YEAR-OLD FEMALE | 60-YEAR-OLD MALE |
| Allstate | $1,494 | $1,568 |
| Farmers Insurance | $1,418 | $1,515 |
| Geico | $1,150 | $1,262 |
| Mercury | $1,036 | $1,091 |
| Oklahoma Farm Bureau | $1,911 | $1,911 |
| Progressive | $1,374 | $1,427 |
| Shelter Insurance Group | $1,385 | $1,385 |
| State Farm | $1,037 | $1,037 |
| USAA | $805 | $808 |
| Statewide Average | $1,290 | $1,334 |
4. Oklahoma Rates After a Speeding Ticket
In Oklahoma, receiving a speeding ticket can have a significant impact on car insurance rates. Insurance companies consider speeding tickets, along with other traffic violations, as indicators of increased risk and may increase rates as a result.
According to a study by The Zebra, a car insurance comparison website, the average increase in car insurance rates after receiving a speeding ticket in Oklahoma is 20%.
This means that a driver with a clean record can expect to pay an average of $1,664 per year for car insurance, while a driver with a speeding ticket may pay an average of $1,997 per year.
It’s important to note that the exact impact of a speeding ticket on car insurance rates will vary depending on factors such as the insurance company and the driver’s overall driving record.
Some insurance companies may be more forgiving of a single speeding ticket while others may raise rates significantly.
It’s recommended to shop around and compare quotes from different providers after receiving a speeding ticket to see how it may impact your car insurance rates.
Taking steps to improve your driving record, such as completing a defensive driving course, may help to lower your rates over time.
| COMPANY | WITH 1 SPEEDING VIOLATION |
| Allstate | $1,832 |
| Farmers Insurance | $2,070 |
| Geico | $1,604 |
| Mercury | $1,925 |
| Oklahoma Farm Bureau | $2,320 |
| Progressive | $2,463 |
| Shelter Insurance Group | $2,350 |
| State Farm | $1,254 |
| USAA | $1,156 |
| Statewide Average | $1,886 |
5. Oklahoma Rates After a DUI
Receiving a DUI (driving under the influence) conviction can have a significant impact on car insurance rates. Insurance companies consider DUI convictions to be a major violation and may increase rates significantly as a result.
According to a study by The Zebra, a car insurance comparison website, the average increase in car insurance rates after a DUI conviction in Oklahoma is 94%. This means that a driver with a clean record can expect to pay an average of $1,664 per year for car insurance, while a driver with a DUI conviction may pay an average of $3,217 per year.
It’s important to note that the exact impact of a DUI conviction on car insurance rates will vary depending on factors such as the insurance company and the driver’s overall driving record.
Some insurance companies may be more forgiving of a single DUI conviction while others may raise rates significantly.
It’s also worth noting that a DUI conviction can result in a suspension of your driver’s license and it’s important to check if your insurance company will still cover you if you are driving with a suspended license.
It’s recommended to shop around and compare quotes from different providers after receiving a DUI conviction, and consider seeking out SR-22 insurance which is required by the state of Oklahoma after a DUI conviction.
Additionally, taking steps to improve your driving record, such as completing a defensive driving course, may help to lower your rates over time.
| COMPANY | WITH 1 DUI |
| Allstate | $2,127 |
| Farmers Insurance | $2,191 |
| Geico | $2,056 |
| Mercury | $1,791 |
| Oklahoma Farm Bureau | $3,514 |
| Progressive | $2,074 |
| Shelter Insurance Group | $2,852 |
| State Farm | $1,254 |
| USAA | $1,678 |
| Statewide Average | $2,171 |
Minimum Coverage Car Insurance in Oklahoma
In Oklahoma, car insurance is mandatory and drivers are required to have liability insurance to cover any damages or injuries that they may cause in an accident.
The minimum liability limits required by the state are $25,000 for bodily injury per person, $50,000 for total bodily injury per accident, and $25,000 for property damage per accident. This type of coverage is also known as 25/50/25 coverage.
It’s important to note that minimum coverage insurance, also known as liability insurance, will only cover damages or injuries that you cause to another driver or their property in the event of an accident. It will not cover any damages or injuries to your own vehicle or yourself.
For example, if you are involved in an accident and it is determined that you are at fault, your liability insurance would pay for the medical expenses and car repairs of the other driver and passengers, but not for your own.
Lets see the tabel below:
| COMPANY | LOW |
| Allstate | $1,592 |
| Farmers Insurance | $1,546 |
| Geico | $1,077 |
| Mercury | $1,337 |
| Oklahoma Farm Bureau | $2,177 |
| Progressive | $1,696 |
| Shelter Insurance Group | $1,858 |
| State Farm | $1,105 |
| USAA | $877 |
| Statewide Average | $1,474 |
Additionally, many drivers choose to purchase additional coverage such as collision and comprehensive coverage to protect their own vehicle in case of an accident, regardless of who is at fault.
This is especially important if you have a car loan or lease, as the lender may require that you have more than just liability coverage.
The Conclusion
In conclusion, car insurance is mandatory in Oklahoma, and drivers are required to have liability insurance with minimum limits of $25,000 for bodily injury per person, $50,000 for total bodily injury per accident, and $25,000 for property damage per accident.
However, the cost of car insurance can vary depending on factors such as age, driving history, location, and type of vehicle.
Young drivers, such as teenagers and young adults, can expect to pay higher rates for car insurance than more experienced drivers.
Similarly, receiving a traffic violation, such as a speeding ticket or a DUI, can also have a significant impact on car insurance rates.
It’s important to shop around and compare quotes from different providers and to consider purchasing additional coverage to protect your own vehicle. Additionally, maintaining a clean driving record and avoiding accidents and traffic violations can help to lower insurance rates over time.