How Much Is Car Insurance in Oklahoma? (2024)


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ByMark Fitzpatrick
Reviewed byMark Friedlander
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ByMark Fitzpatrick
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Reviewed byMark Friedlander
Edited byKatherine Kurtz
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Updated: May 28, 2024

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In Oklahoma, the average yearly cost for full coverage car insurance is around $1,149, while a minimum coverage policy is around $457.

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.

Why Trust MoneyGeek? We analyzed data and quotes from Quadrant Information Services and the Oklahoma Insurance Department to get the most precise average costs for a variety of Oklahoma drivers.

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These rates reflect the average cost of car insurance in Oklahoma as of 2024.

27,868Quotes Analyzed
 
10Companies Compared
 
49ZIP Codes

Average Car Insurance Costs in Oklahoma

Oklahoma's average full coverage car insurance cost is approximately $1,149 annually. 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.

100/300/100 Full Cov. w/$1,000 Ded.Average Annual Premium$1,149Average Monthly Premium$96
100/300/100 Liability OnlyAverage Annual Premium$533Average Monthly Premium$44
State Minimum Liability OnlyAverage Annual Premium$457Average Monthly Premium$38

Why Are Car Insurance Rates Moderate in Oklahoma?

When compared with the national average cost of car insurance, Oklahoma's average annual premium for state minimum liability coverage is $457, which is less than the national average of $573. Similarly, full coverage with $1,000 deductible in Oklahoma costs about $1,149 annually, which is also cheaper than the national average of $1,244. The costs can 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.

Average Car Insurance Costs in Oklahoma by Company

Car insurance premiums can differ greatly from one company to another. In Oklahoma, GEICO offers the most affordable full coverage at an annual rate of $877, while Home State Insurance Group has the highest average premium at $1,555.

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

Data filtered by:Results filtered by:
Coverage:
Coverage:Full Coverage
Age Group:
Age Group:30-59
GEICOAnnual Premium$877Monthly Premium$73
MercuryAnnual Premium$937Monthly Premium$78
State FarmAnnual Premium$960Monthly Premium$80
ShelterAnnual Premium$1,123Monthly Premium$94
AllstateAnnual Premium$1,130Monthly Premium$94
FarmersAnnual Premium$1,148Monthly Premium$96
Oklahoma Farm BureauAnnual Premium$1,286Monthly Premium$107
ProgressiveAnnual Premium$1,328Monthly Premium$111
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Average Car Insurance Costs in Oklahoma by Coverage Level

The cost of car insurance in Oklahoma is also influenced by the level of coverage you select. For example, the monthly cost for minimum coverage is typically around $38, while opting for full coverage typically amounts to about $96. It's generally recommended to choose full coverage insurance because it provides more comprehensive protection even though it might be more expensive.

Adding comprehensive and collision coverage to your policy will likely increase your premium, but choosing higher deductibles, such as $1,000, can help manage these costs. The deductible amount is applicable for each comprehensive and collision coverage incident.

State Minimum Liability OnlyAverage Annual Premium$457Average Monthly Premium$38
100/300/100 Liability OnlyAverage Annual Premium$533Average Monthly Premium$44
300/500/300 Liability OnlyAverage Annual Premium$648Average Monthly Premium$54
State Minimum Liability w/ Full Cov. w/$1,500 Ded.Average Annual Premium$978Average Monthly Premium$81
100/300/100 Full Cov. w/$1,500 Ded.Average Annual Premium$1,053Average Monthly Premium$88
State Minimum Liability w/ Full Cov. w/$1,000 Ded.Average Annual Premium$1,074Average Monthly Premium$89
100/300/100 Full Cov. w/$1,000 Ded.Average Annual Premium$1,149Average Monthly Premium$96
300/500/300 Full Cov. w/$1,500 Ded.Average Annual Premium$1,169Average Monthly Premium$97

Minimum Car Insurance Requirements in Oklahoma

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.

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    $25,000 for bodily injury liability per person

    In Oklahoma, drivers must carry at least $25,000 in bodily injury liability coverage for each person injured in an accident.

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    $50,000 for bodily injury liability per accident

    This is the total minimum coverage required for all injuries in a single accident in Oklahoma, set at $50,000.

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    $25,000 for property damage liability per accident

    Oklahoma law requires a minimum of $25,000 in property damage liability to cover damages to another's property.

Average Car Insurance Costs in Oklahoma by City

Your Oklahoma address affects your car insurance rates. Broken Arrow enjoys the cheapest full coverage at $1,033, 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.

Broken ArrowFull Coverage Annual Premium$1,033Minimum Coverage Annual Premium$476
NormanFull Coverage Annual Premium$1,033Minimum Coverage Annual Premium$456
Oklahoma CityFull Coverage Annual Premium$1,103Minimum Coverage Annual Premium$497
TulsaFull Coverage Annual Premium$1,115Minimum Coverage Annual Premium$504

Average Car Insurance Costs in Oklahoma by Age

Age impacts the cost of car insurance in Oklahoma. Young drivers, specifically aged 22 to 29, typically pay the most for car insurance, with an average annual premium of $1,470. The trend reflects a decrease in premiums as drivers age, with those 30 to 59 paying about $1,149 annually, and individuals 60 or older paying approximately $1,106 a year.

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

Data filtered by:Results filtered by:
Coverage:
Coverage:100/300/100 Full Cov. w/$1,000 Ded.
22-29Average Annual Premium$1,470Average Monthly Premium$122
30-59Average Annual Premium$1,149Average Monthly Premium$96
60 +Average Annual Premium$1,106Average Monthly Premium$92

Average Car Insurance Costs in Oklahoma for Teens

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.

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

Data filtered by:Results filtered by:
Gender:
Gender:Male
16Added to Family Policy Premium$2,481Individual Premium$6,617
17Added to Family Policy Premium$2,499Individual Premium$5,755
18Added to Family Policy Premium$2,083Individual Premium$4,782
19Added to Family Policy Premium$2,082Individual Premium$2,783
20Added to Family Policy Premium$2,135Individual Premium$2,513
21Added to Family Policy Premium$1,741Individual Premium$2,054
22Added to Family Policy Premium$1,842Individual Premium$1,891
23Added to Family Policy Premium$1,925Individual Premium$1,704

Average Car Insurance Costs in Oklahoma for New Cars

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

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

Data filtered by:Results filtered by:
Coverage:
Coverage:Full Coverage
Age Group:
Age Group:30-59
2012 VehicleAnnual Premium$827Monthly Premium$69
2022 VehicleAnnual Premium$1,177Monthly Premium$98
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ACTUAL CASH VALUE

The actual cash value (ACV) of your vehicle is the amount your insurance company will pay out in the event of a comprehensive or collision claim, minus your deductible. ACV reflects your car's market value considering its condition and mileage before the damage occurred.

Average Car Insurance Costs in Oklahoma by Driving Record

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

  • With a ticket: $1,403 per year; $117 per month
  • With an at-fault accident: $1,711 per year; $143 per month
  • With a DUI: $1,628 per year; $136 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. Speeding tickets may stay on your record for three to five years.

While a DUI generally leads to higher insurance costs than other violations, some exceptions may occur due to individual insurance company policies in certain states, where other violations might push premiums even higher.

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

Data filtered by:Results filtered by:
Coverage:
Coverage:100/300/100 Full Cov. w/$1,000 Ded.
Age Group:
Age Group:30-59
CleanAverage Annual Premium$1,149Average Monthly Premium$96
TicketAverage Annual Premium$1,403Average Monthly Premium$117
DUIAverage Annual Premium$1,628Average Monthly Premium$136
At-fault AccidentAverage Annual Premium$1,711Average Monthly Premium$143

Average Car Insurance Costs in Oklahoma by Credit Score

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.

Data filtered by:Results filtered by:
Coverage:
Coverage:100/300/100 w/ $1000 Deductible
Age Group:
Age Group:30-59
ExcellentAnnual Premium$686Monthly Premium$57
GoodAnnual Premium$813Monthly Premium$68
FairAnnual Premium$987Monthly Premium$82
Below FairAnnual Premium$1,151Monthly Premium$96
PoorAnnual Premium$1,396Monthly Premium$116
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Factors Affecting Car Insurance Rates in Oklahoma

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, with variations 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 based 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 of these factors 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.

How to Save Money on Car Insurance in Oklahoma

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

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    Shop Around for Options

    Comparing rates from multiple insurers can lead to finding the cheapest car insurance in Oklahoma. Don't settle for the first quote you receive; explore your options.

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    Maintain a Clean Driving Record

    A clean driving record free of accidents and traffic violations can significantly lower your insurance rates because it demonstrates responsible driving behavior to insurers.

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    Increase Your Deductible

    Choosing a higher deductible can reduce your premium costs. Just ensure you can afford the deductible in case of a claim.

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    Bundle Insurance Policies

    Bundling car insurance with other policies like homeowners or renters insurance can lead to discounts and more affordable overall rates.

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    Look for Discounts

    Many insurers offer discounts for things like multiple vehicles, good students or safety features in your car. Always ask about potential discounts to lower your rates.

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    Choose Your Vehicle Wisely

    The type of vehicle you drive affects your insurance rates. Opt for a car that's cheaper to insure by considering safety features and theft rates.

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    Review Your Coverage Regularly

    Life changes can affect your insurance needs. Regularly review your policy to ensure it's still the most affordable option for your current situation.

FAQ: Car Insurance Costs in Oklahoma

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

What are the minimum car insurance requirements in Oklahoma?
What is the average cost of full coverage and minimum coverage auto insurance in Oklahoma?
What is the average cost of car insurance for a 22-year-old in Oklahoma?
What are the cheapest car insurance companies in Oklahoma?

About Mark Fitzpatrick


Mark Fitzpatrick headshot

Mark Fitzpatrick has analyzed the property and casualty insurance market for over five years, conducting original research and creating personalized content for every kind of buyer. Currently, he leads P&C insurance content production at MoneyGeek. Fitzpatrick has been quoted in several insurance-related publications, including CNBC, NBC News and Mashable.

Fitzpatrick earned a master’s degree in economics and international relations from Johns Hopkins University and a bachelor’s degree from Boston College. He is passionate about using his knowledge of economics and insurance to bring transparency around financial topics and help others feel confident in their money moves.