How Much Is Car Insurance in Oklahoma? (July 2024)

In Oklahoma, the average annual cost for full coverage car insurance is $1,194, while a minimum coverage policy costs around $476 per year.

Your car insurance premium can be influenced by several factors, including your age, how much coverage you want, where you live, your driving record and your credit history. Understand how these details about you can affect your rates.

Oklahoma's average full coverage car insurance cost is approximately $1,194 per year. Knowing the average cost helps you determine if you're getting a fair deal when comparing car insurance quotes.

This summary of what you might pay for car insurance in Oklahoma includes rates for minimum coverage and full coverage policies to help you budget for your car insurance needs.

When compared with the national average cost of car insurance, Oklahoma's average annual premium for state minimum liability coverage is $476 ($40 per month), which is less than the national average of $595 per year ($50 per month). Similarly, full coverage with a $1,000 deductible in Oklahoma costs about $1,194 annually ($100 per month), which is also cheaper than the national average of $1,296 per year ($108 per month). The costs can also be influenced by factors such as the number of uninsured drivers, local regulations, weather-related claims due to phenomena like tornadoes and the overall number of claims filed.

Car insurance premiums can differ significantly from one company to another. In Oklahoma, GEICO offers the most affordable full coverage at an average annual rate of $888, while Home State Insurance Group has the highest average premium at $1,555 per year.

When searching for the cheapest car insurance in Oklahoma, gather quotes from various providers.

The chosen coverage level also determines the cost of car insurance in Oklahoma. The monthly cost for minimum coverage is around $40, while full coverage with a $1,000 deductible averages $100 monthly. Despite being more expensive, experts often recommend full coverage insurance because it provides more comprehensive protection for a wider range of incidents.

Opting for comprehensive and collision coverages will raise your premium, but selecting higher deductibles can mitigate this increase. Each comprehensive and collision coverage comes with a deductible amount, which you must pay out of pocket when you file a claim.

In Oklahoma, the minimum car insurance requirements include $25,000 for bodily injury liability per person, $50,000 per accident and $25,000 for property damage liability per accident.

Your Oklahoma address affects your car insurance rates. Broken Arrow enjoys the cheapest full coverage at $1,033 per year, while Tulsa rates peak at $1,115.

Car insurance costs in Oklahoma also fluctuate due to factors like driving history, car model and safety features. Other elements include credit scores and the level of coverage selected.

Age impacts the cost of car insurance in Oklahoma. Young drivers aged 22 to 29 typically pay the most for car insurance, with an average annual premium of $1,530. The trend reflects a decrease in premiums as drivers age, with those 30 to 59 paying about $1,194 per year and individuals 60 or older paying approximately $1,148.

This pattern illustrates that insurance companies consider younger drivers to be more at risk for accidents, leading to higher costs for coverage.

Age and gender influence car insurance rates in Oklahoma. A 16-year-old male driver added to a family policy faces an average annual premium of $2,481, usually the highest of any age group.

Due to legal restrictions, parental co-signing is typically required for a teen under 18 seeking insurance. If this same young driver opts for an independent policy, the premium jumps to $6,617 per year.

The average annual cost of full coverage car insurance for a 2012 car model is $827, while a 2022 counterpart has a higher premium of $1,177. This increase is due to the newer model's higher actual cash value, increased repair costs and escalated risk of theft.

Drivers with newer models like 2022 should consider comprehensive and collision coverage, ensuring protection against various incidents, including theft, vandalism and accidents.

The average cost of car insurance in Oklahoma can vary greatly depending on the driver's record.

• With a ticket: $1,456 per year; $121 per month
• With an at-fault accident: $1,774 per year; $148 per month
• With a DUI: $1,700 per year; $142 per month

The type of violation affects how much more you'll have to pay for car insurance in Oklahoma. Your premiums will continue to be affected as long as the violation remains on your record, and the duration varies by state. For instance, in Oklahoma, a DUI can stay on your driving record for as long as 10 years, influencing your insurance costs throughout this period.

While you might expect a DUI to yield the highest insurance rates consistently, in some cases, other violations might lead to higher premiums, depending on your location and the insurance provider you choose.

The table shows the average cost of car insurance for different driving records in Oklahoma by coverage and age group.

Oklahoma drivers can expect their car insurance rates to fluctuate significantly based on their credit scores, with average annual costs ranging from $686 for an excellent score to $1,396 for a poor score. Your credit score is a crucial factor insurers consider because it's believed to predict the risk of filing a claim. A good credit score is typically between 670 and 739.

Knowing the factors influencing car insurance rates in Oklahoma will help you find affordable coverage options.

• Driving Record: A clean driving record can lead to lower premiums, while accidents and traffic violations can increase your car insurance costs in Oklahoma.
• Credit Score: Insurers in Oklahoma consider credit scores when determining rates. A higher credit score may result in more affordable car insurance premiums.
• Age and Gender: Young, inexperienced drivers often face higher rates, while mature drivers may benefit from reduced costs. Gender can also impact insurance rates, varying between male and female drivers.
• Vehicle Type: The make, model and age of your vehicle affect insurance rates. Cars with high safety ratings may cost less to insure, whereas luxury vehicles may incur higher premiums.
• Coverage Level: Choosing higher coverage limits or adding comprehensive insurance and collision insurance can increase your insurance rate, compared to state minimum coverage. Location Within Oklahoma:** Rates can vary depending on where you live within the state due to factors like crime rates, weather patterns and traffic congestion.
• Discount Eligibility: Discounts for multiple policies, good students or defensive driving courses can offset costs.
• Deductible Amount: Choosing a higher deductible may lower your premium, but it means paying more out of pocket in the event of a claim.

Each factor plays a role in determining the average cost of car insurance for Oklahoma drivers and why you might pay more or less than the state average.

To secure affordable car insurance in Oklahoma, compare rates, opt for a higher deductible and utilize all available discounts for immediate savings.

Get answers about what impacts the average cost of car insurance in Oklahoma and how to find affordable rates.