How Much Is Car Insurance in Oklahoma? (2022 Averages)

To reach an average car insurance cost in Oklahoma, MoneyGeek compiled rates of several companies for one sample driver to reach an average figure of $1,299 for a full-coverage policy. Ranking at 34th in all states, MoneyGeek considers this rate moderately priced, compared to the $1,424 national average. Rates differ as drivers' profiles change with coverage level, age, location, driving history and credit scores.

Compare Auto Insurance Rates

Insurance Rates

Ensure you're getting the best rate for your auto insurance. Compare quotes from the top insurance companies.

widget-location-pin
Advertising & Editorial Disclosure
Last Updated: 9/17/2022
Written By     |  

Many factors influence car insurance rates, including the type of driver and the level of coverage. In Oklahoma, a minimum coverage policy costs an average of $635 per year, much cheaper than the average of $1,299 for a driver with full coverage. The amount will increase to $1,657 on average if you have a driving violation on your record, while the amount will climb to around $2,473 if you add a young driver to your policy.

Car insurance companies are also responsible for the prices you pay and they can vary considerably between insurers. For instance, Oklahoma Farm Bureau's full coverage policy in Oklahoma costs $1,489 per year, while GEICO's just costs $774 per year.

This is an icon

Methodology

Why Trust MoneyGeek? Oklahoma car insurance rates in this study are based on our analysis of data and information from the Oklahoma Department of Insurance and Quadrant Information Services.

This is an icon

These rates were updated in September 2022 to reflect how car insurance rates in Oklahoma have changed up to this month.

3,312

Quotes Analyzed

 
9

Companies Compared

 
23

ZIP Codes

The Average Cost of Car Insurance in Oklahoma

Insurers consider many different factors when calculating rates. However, some considerations hold more weight than others. In Oklahoma, age and poor credit scores are the most significant contributors to costs. Individuals looking to research average costs should research how different elements can influence their insurance costs.

Average Costs of Car Insurance in Oklahoma

Scroll for more

swipe icon
  • Driver
    Average Annual Premium
    Average Monthly Premium
  • The Average Driver
    $1,299
    $108
  • Drivers Buying Minimum Coverage
    $635
    $53
  • Adding a Young Driver
    $2,473
    $206
  • Drivers With a Violation
    $1,657
    $138
  • Drivers With Poor Credit
    $2,146
    $179
Insurance Rates

Compare Auto Insurance Rates

Ensure you're getting the best rate for your auto insurance. Compare quotes from the top insurance companies.

widget-location-pin

Why Are Car Insurance Rates Reasonable in Oklahoma?

Car insurance rates partially depend on state-specific statistics, such as highway density, urban population, rate of accidents and other traffic-related causes. Compared to all states, Oklahoma car insurance rates are moderately priced.

Though the state has a high rate of vehicle theft, which could cause car insurance rates to increase, Oklahoma's very low highway density contributes to lower rates. Additionally, the state features a moderate number of uninsured drivers, an average urban population share, and an average occurrence of disaster.

Average Cost of Car Insurance in Oklahoma: Full Coverage vs. Minimum Coverage

The average cost of full coverage car insurance in Oklahoma is $1,299, while a minimum liability-only policy costs $635 per year on average — a cost difference of $664 per year. A policy with comprehensive insurance is generally more encouraged in Oklahoma, due to the state's high vehicle theft rate.

Average Cost of Car Insurance in Oklahoma by Coverage Level

If you buy the state-minimum policy in Oklahoma, you'll get the lowest premium available.

When you purchase auto insurance, you may want to increase your liability coverage to 50/100/50 or 100/300/100. Both of these numbers represent how much liability coverage you have. For instance, a 50/100/50 policy provides:

  • $50,000 in bodily injury liability insurance per person
  • $100,000 in bodily injury liability insurance per accident
  • $50,000 in property damage liability insurance per accident

Furthermore, full coverage policies provide collision and comprehensive coverage, which reimburse you for damages to your own vehicle, in addition to your third-party liability coverage.

Average Cost of Car Insurance in Oklahoma By Company

Aside from coverage level, the company you choose will also significantly affect your rate. If you are looking for a cheap minimum coverage, your best option is GEICO, which offers insurance at an average of $401 per year in the state.

GEICO also offers the cheapest full coverage in Oklahoma at an annual average of $774. USAA, available to service members and their families, offers full coverage at $827 per year on average. MetLife offers the most expensive policies. On average, liability-only coverage costs $852 in the state, while full coverage costs $2,181 annually.

Average Annual Costs of Car Insurance in Oklahoma - By Company

Scroll for more

swipe icon

How Much Is Car Insurance in Oklahoma by Age?

A driver's age and driving experience contribute significantly to insurance costs. For example, first-time drivers pay higher insurance premiums. A separate policy costs more for younger drivers, with a 16-year-old in the state paying $2,473 on average annually for their own insurance. However, younger drivers can save on premiums by joining their parents' policies.

Due to the same driving experience, the average car insurance cost in Oklahoma for first-time drivers compares similarly to younger drivers.

Average Costs of Full Coverage Car Insurance in Oklahoma - By Age

Scroll for more

swipe icon
  • Age
    Annual Premium
  • $2,473
  • $2,268
  • $2,028
  • $2,206
  • $1,942
  • $1,549
  • $1,438
  • $1,304
  • $1,216
  • $1,111
  • $1,071
  • 40
    $1,299
  • $1,017

How Does Driving History Affect Car Insurance Costs in Oklahoma?

Drivers with clean records have proven their dependability to insurers and pay lower premiums. Similarly, a bad driving record can increase premiums, and worse violations raise costs further.

A driver with a speeding ticket pays an average of $1,657 annually for full coverage — an extra $359 annually. Other high-risk indicators, such as involvement in accidents or DUI cases, also increase premiums.

Average Costs of Full Coverage Car Insurance in Oklahoma - By Driving History

Scroll for more

swipe icon
  • Driving Violation
    Annual Premium
  • Safe Driver
    $1,299
  • Speeding Ticket
    $1,657
  • At-Fault Accident
    $1,834
  • DUI
    $2,025
Insurance Rates

Compare Auto Insurance Rates

Ensure you're getting the best rate for your auto insurance. Compare quotes from the top insurance companies.

widget-location-pin

Credit Scores and the Cost of Car Insurance in Oklahoma

Another indicator of reliability is a driver's ability to pay their credit card balances on time. Many states, including Oklahoma, factor credit scores into premiums. Drivers with bad credit pay an extra $874 per year from what a good creditor would pay on average. Consumers with strong credit can even score a better deal by paying $209 less than what a good creditor would pay annually on average.

Average Costs of Full Coverage Car Insurance in Oklahoma - By Credit Score

Scroll for more

swipe icon
  • Credit Score
    Annual Premium
  • Excellent
    $1,064
  • Good
    $1,273
  • Fair
    $1,515
  • Below Fair
    $1,800
  • Poor
    $2,146

How Much Is Car Insurance in Your City?

Drivers researching car insurance policies will discover that insurance rates vary among local areas, as well. Your personal circumstances and needs, such as relocation, vehicle, job situation and annual mileage can affect rates, as well.

In Oklahoma, car insurance rates vary from city to city. These variances depend on population density, as a higher figure correlated with an increased likelihood of road accidents. Norman is the cheapest city in Oklahoma for car insurance — about 4.4% cheaper than the state average. Tulsa has the most expensive rates in Oklahoma, at $1,313 per year on average.

Average Costs of Full Coverage Car Insurance in Oklahoma - By City

Scroll for more

swipe icon

Frequently Asked Questions About Oklahoma Car Insurance Rates

Before you purchase a car insurance policy in Oklahoma, research how rates in your city compare with others. Request quotes from several insurance companies to find the best price for your specific circumstances.

About the Author


expert-profile

Mark Fitzpatrick is a senior content manager with MoneyGeek specializing in insurance. Mark has years of experience analyzing the insurance market and creating original research and content. He graduated from Boston College with a Bachelor of Arts and Johns Hopkins University with a Master of Arts.


sources