Cheapest Car Insurance In Oklahoma (2024) (original) (raw)

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10/18/2024 08:00 AM

Since car insurance costs are increasing, Oklahoma drivers should compare different policy options to find the cheapest coverage. Our reviews team has researched the best car insurance companies nationwide. We thoroughly examined the reputation, customer satisfaction, coverage options, and average premiums of each provider.

In this article, we will discuss effective strategies to reduce costs on insurance and identify the most affordable car insurance options in Oklahoma tailored to your driving history.

Key Points

• Progressive is the cheapest car insurance company in Oklahoma overall, with an average rate of $30 per month for minimum coverage and $221 per month for full coverage.
• USAA and American Farmers & Ranchers also offer affordable car insurance rates for many driver profiles.
• If you are under 25 years old or have committed traffic violations, your car insurance rates will be higher than average.
• You can save on car insurance by opting for minimum coverage, looking for discounts, increasing your deductible, and bundling your auto insurance with other policies.

Cheap Car Insurance Oklahoma

Car insurance companies consider driver profiles in different ways, meaning the provider that is the most affordable for one driver may not be the most affordable for you. To illustrate this, here is a glimpse of the auto insurance providers with the lowest rates for various driver profiles in Oklahoma.

*Unless stated otherwise, average costs are minimum-coverage rates for single male drivers between the ages of 25 and 35 with a clean driving history.

What Is The Cheapest Car Insurance Company In Oklahoma?

In general, we discovered that Progressive provides the least expensive car insurance in Oklahoma for the majority of drivers. The following sections will cover the average monthly costs of both minimum- and full-coverage car insurance from the cheapest companies in Oklahoma.

These rates apply to drivers in Oklahoma with varying ages, locations, and driving experiences. The cheapest companies are organized by minimum coverage costs.

Cheapest Minimum Coverage In Oklahoma: Progressive

Drivers looking for the most affordable coverage that just meets Oklahoma state minimum requirements may find it at Progressive for about $30 per month or $360 per year on average.

Cheapest Full Coverage In Oklahoma: USAA

USAA is the best choice if you want comprehensive coverage at a great price. The provider offers full-coverage insurance for an average of $157 per month.

Full-coverage insurance policies in Oklahoma generally include liability insurance, uninsured/underinsured motorist coverage, collision coverage, and comprehensive insurance.

Cheapest Car Insurance In Oklahoma: Age

Below, you’ll find average insurance costs for Oklahoma drivers ages 16 to 55 as well as the top five cheapest car insurance companies for each age group. Drivers between the ages of 30 and 55 usually receive the most affordable car insurance rates because they have been driving for a longer time. Additionally, they have a lower chance of getting into car accidents compared to younger drivers, as shown by statistics.

Average Car Insurance Rates By Age

Cheapest Oklahoma Car Insurance: Young Drivers

As mentioned, drivers in their teens and early 20s typically pay the most expensive car insurance rates. This is mainly because these drivers don’t have much experience driving and are more likely to break traffic rules and have accidents.

In fact, the fatal crash rate per mile driven for teen drivers was nearly three times the rate for drivers 20 years old and older in 2021, according to the Insurance Institute for Highway Safety.

Cheapest Oklahoma Car Insurance For 16-Year-Olds: American Farmers & Ranchers

If you’re a teen driver or the parent of one, American Farmers & Ranchers may be your best bet for finding the most affordable car insurance in Oklahoma.

The company’s cheapest average rates for 16-year-old drivers are $79 per month or $949 per year, which is relatively affordable compared to other states. If you’re looking for full coverage, the average is $323 per month or $3,880 per year from American Farmers & Ranchers.

Cheapest Oklahoma Car Insurance For 25-Year-Olds: Progressive

Young drivers in their 20s pay a lot less for car insurance compared to teenagers. However, the price can still be high depending on the insurance company you select.

Progressive provides the cheapest car insurance costs on average at $33 per month or $395 per year for minimum coverage. American Farmers & Ranchers costs $168 per month or $2,014 per year for full coverage.

Cheapest Oklahoma Car Insurance: Adult Drivers

People in their 40s usually have the cheapest car insurance rates. You can compare average auto insurance premiums of drivers in their 30s, 40s, and 50s from the top five cheapest companies for each age group below.

Cheapest Oklahoma Car Insurance For 35-Year-Olds: Progressive

Drivers in their mid-30s may insure their cars at the cheapest cost by getting a minimum coverage car insurance policy from Progressive. The company offers average minimum-coverage costs of $27 per month or $325 per year. For full coverage, USAA’s rates average $146 monthly or $1,752 annually.

Cheapest Oklahoma Car Insurance For 45-Year-Olds: Progressive

Forty-five-year-old drivers may find the most affordable minimum coverage from Progressive, with average rates of $24 per month or $288 per year. The cheapest full coverage comes from USAA at $137 per month or $1,645 per year.

Cheapest Oklahoma Car Insurance For 55-Year-Olds: Progressive

Progressive usually offers the most affordable car insurance rates in Oklahoma for drivers who are in their 50s. The insurer’s average premiums are $21 monthly or $258 annually for minimum coverage. The cheapest full coverage option is from USAA, costing $137 monthly or $1,645 annually

Cheapest Car Insurance In Oklahoma: High-Risk Drivers

Besides the type of coverage you choose and your age, your driving behavior greatly impacts how much you will pay for car insurance. Auto insurers typically determine if you’re a high-risk driver by looking at how many infractions are on your driving record, including fines for speeding, at-fault accidents, and DUI convictions.

Average Car Insurance Rates For High-Risk Drivers

Drivers who are categorized as high-risk pay car insurance rates that are higher than the average rates because of the numerous violations on their records. On average, Oklahoma motorists who are deemed high-risk may find the most affordable rates from Progressive for minimum coverage or State Farm for full coverage.

Cheapest Oklahoma Car Insurance For Drivers With A Speeding Ticket: USAA

Drivers with a speeding citation on their record can generally find the most affordable coverage from USAA, with average rates of $38 per month or $461 per year for minimum coverage and $195 per month or $2,341 per year for full coverage.

Cheapest Oklahoma Car Insurance For Drivers With An At-Fault Accident: American Farmers & Ranchers

Getting into a car accident in Oklahoma may also make your car insurance rates go up. American Farmers & Ranchers tends to offer the most affordable rates on average at about $31 per month or $377 per year for minimum coverage and $160 per month or $160 per year for full coverage.

Cheapest Oklahoma Car Insurance For Drivers With A DUI: Progressive

If you’re a motorist with a DUI conviction, you may find the cheapest minimum car insurance in Oklahoma from Progressive for $34 per month or $413 per year on average. They also have rates of $249 monthly or $2,986 annually for full coverage.

Cheapest Oklahoma Car Insurance For Drivers With Poor Credit: Progressive

People who have bad credit have to pay more money for car insurance. Those who don’t have the best credit history may want to check out Progressive, which has an average minimum-coverage rate of $46 per month or $553 per year and an average full-coverage rate of $369 per month or $4,428 per year.

Average Cost Of Car Insurance In 10 Oklahoma Cities

Your location in Oklahoma also affects the amount you need to pay for car insurance. Auto insurance companies consider drivers riskier to cover in areas with:

• Larger groups of people.
• There are an increased number of cars traveling on the road.
• More car accidents happening more often.
• More instances of breaking traffic laws
• More incidents of car theft and car vandalism
• Bad weather conditions.

Certain factors that increase the likelihood of risk have a greater impact on people who own cars in big cities. This is why drivers in busy cities have to pay the highest average price for car insurance with minimal coverage. On the other hand, drivers in rural areas, where there is less crime and a smaller population, are more likely to get lower insurance rates.

Top 5 Car Insurance Companies In Oklahoma

Besides the price, we have examined more than 40 insurance companies to determine the top five insurers for people living in Oklahoma. We considered their coverage, service, and reliability. Based on our research, we found Progressive to be the best provider for most drivers in Oklahoma. Here are the ratings for our top picks.

*The overall and category ratings above are based on nationwide factors.

How To Get The Cheapest Car Insurance In Oklahoma

In Oklahoma, you have multiple options to reduce how much you pay for car insurance. These include:

• Opting for minimum coverage: Choosing the lowest level of car insurance required by your state will ensure that you pay the least amount possible.
• Seeking out discounts: Most insurance companies have multiple discounts that can help cut down on premium costs, from military and good student discounts to discounts for drivers that remain accident free for five years.
• Raising your deductible: A higher deductible will lower your premium costs, but you’ll have to pay more out of pocket if you file a claim.
• Bundling your auto insurance: You can often bundle your auto insurance with a homeowners insurance policy or other type of coverage to earn a discount.
• Comparing quotes: Getting price estimates from several different companies can help you understand which provider may give you the most favorable offer.

Many insurance companies provide usage-based insurance programs, which can help you save money. These programs use telematics to monitor your driving habits–from your speed and braking to the time of day you drive. If you drive safely, you might receive a significant discount, but certain programs may increase your rates if you engage in risky driving habits.

Some companies also offer diminishing deductibles and accident forgiveness. A diminishing deductible option decreases your deductible amount each time you renew your policy. Accident forgiveness ensures that your rates won’t increase after your first accident with the company.

What Does Oklahoma Require For Car Insurance?

Drivers in Oklahoma must meet minimum insurance requirements as outlined by state law, which include basic liability insurance and uninsured/underinsured motorist (UM/UIM) coverage:

• $50,000 bodily injury liability per accident
• $25,000 bodily injury liability per person
• $25,000 property damage liability per accident

Liability coverage only takes care of other parties’ injuries and property damages in an accident that you cause. UM/UIM covers your injuries and property damages, but only in the case that the at-fault driver has little to no auto insurance.

Getting comprehensive insurance will ensure that your car is covered if stolen, vandalized, or damaged by floods, fire, animals, or other natural disasters. Collision insurance covers your car repairs after an accident.

Our Take: Best Cheap Car Insurance In Oklahoma

When it comes to both minimum and full coverage, Progressive is the best and cheapest auto insurance company for most drivers in Oklahoma. While the above costs can give you an idea of what you’d pay for car insurance in Oklahoma, seeking an individualized rate will help give you a more accurate picture of what you’ll pay.

Many companies offer quick and free online tools where you can get insurance quotes. Alternatively, you can contact an insurance agent or representative at the company directly. Once you have collected quotes from three or more providers, compare them to find the best option for you.

Best Cheap Car Insurance In Oklahoma: FAQ

Here are some frequently asked questions about car insurance in Oklahoma:

How much is car insurance per month in Oklahoma?

The average cost of minimum-coverage car insurance in Oklahoma is $50 per month or $596 per year. For full coverage, the average is $233 per month or $2,801 per year.

Is Oklahoma Car Insurance Cheaper?

Oklahoma auto insurance is typically cheaper than the national average. Nationwide, the average cost of minimum-coverage insurance is 670peryear,whiletheaverageinOklahomais∗∗670 per year, while the average in Oklahoma is 670peryear,whiletheaverageinOklahomais∗∗596 per year. For full coverage, residents of Oklahoma pay about $2,801 per year on average, which is more than the national average of $2,216 per year.

How We Rate Insurers

Our review process aims to deliver consistent and unbiased assessments of car insurance providers. While there are multiple qualities that make a car insurance company successful, our review team focuses on those we believe are the most important for consumers:

• Cost: Cost can be difficult to compare between insurers because so many factors impact annual premiums. The cheapest insurer for one driver may not be the cheapest for another. To determine our cost score, we look at insurance rate estimates generated by Quadrant Information Services, discount opportunities, and consumer reports.
• Coverage: To determine our coverage score, we look at the number of coverage options available as well as coverage limits and deductible options. Our ratings also take into account additional services and benefits like roadside assistance.
• Reliability: It’s important that an auto insurer is able to meet its claims obligations. Companies with a strong financial strength rating from AM Best score best in this category. Established insurers with a long history of reliable service also receive positive marks.
• Service: We comb through customer reviews on sites like the Better Business Bureau (BBB) to learn about customer experiences. Insurers with a low volume of complaints score well in this area. We also consider the claims process, giving higher ratings to car insurance providers that offer easy-to-use claims apps.

*Data accurate at time of publication.