Cheapest and Best Car Insurance in Broken Arrow, OK (June 2024)

In Broken Arrow, GEICO is the cheapest provider of full coverage car insurance, while Mercury offers the most affordable minimum coverage. State Farm provides the lowest rates for families with teens. When it comes to customer service, Shelter leads, but Mercury is deemed best overall for balancing price with service. Choosing the best policy depends on your coverage needs and preferences.

MoneyGeek found the cheapest options for minimum coverage car insurance in Broken Arrow. Here are the top two most affordable providers:

• Mercury: $290 per year
• Progressive: $351 per year

Home State Ins Group has the most expensive minimum coverage policy in Broken Arrow, with an annual premium at $849. The difference between the cheapest and the priciest is $559, showcasing how much money you can save by comparing rates.

In Oklahoma, from Broken Arrow to all other cities, the state law prescribes the minimum car insurance coverage. Here’s what you need to know:

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

For instance, if you're involved in an at-fault accident that causes someone's bodily injury, your minimum coverage policy will cover up to $25,000 for that person. If multiple people are injured, it won't pay more than $50,000 for the entire accident. Any expenses above these limits will likely have to come from your pocket. It's straightforward, set by law, no intense digging into statutes required.

MoneyGeek found that GEICO offers the cheapest full coverage car insurance in Broken Arrow. The top two providers are:

• GEICO: $920 per year
• Mercury: $959 per year

Home State Ins Group offers the most expensive full coverage policy in Broken Arrow, with an annual rate that is $870 more than GEICO. This large price gap highlights the importance of comparing rates to find the best deal, especially since full coverage policies include comprehensive and collision insurance, making them pricier than minimum coverage options.

A full coverage policy in Broken Arrow boosts the liability limits beyond the basic requirements to a robust $100,000 for individual bodily injury liability, $300,000 per incident for bodily injuries and $100,000 for property damage liability per incident. This is commonly referred to as a 100/300/100 plan.

Higher liability limits are not the only advantage of full coverage insurance plans; they also include comprehensive and collision insurance.

• Collision Insurance: This provides coverage for your vehicle in the event of a collision, whether with another vehicle or or a stationary object like a tree or light pole. It also covers rollover accidents and pothole damage.

• Comprehensive Insurance: This coverage insures your vehicle against various types of damage not caused by collisions, including theft, vandalism, fires, natural disasters and being struck by an animal like a deer.

Acquiring full coverage insurance is sensible for new vehicles to protect your financial investment against potential damages. Conversely, for older vehicles, the added expense — potentially climbing into the hundreds of dollars — might not justify the additional protection.

It is essential to weigh your options, as having more coverage increases your premium, whereas less coverage can leave you vulnerably underinsured.

MoneyGeek found the cheapest option in Broken Arrow for drivers with a speeding ticket, an at-fault accident or a DUI when seeking a full coverage policy. The most affordable provider varies with the type of offense:

• Speeding Ticket: State Farm ($1,149 per year)
• At-Fault Accident: State Farm ($1,245 per year)
• DUI: State Farm ($1,149 per year)

On the other side of the spectrum, Shelter harbors the most expensive rates for an at-fault accident and a DUI, while Home State Ins Group comes out as the priciest after a speeding ticket. Comparing the annual premiums, there's a distinct $0 difference between the cheapest company after a speeding ticket and the cheapest after a DUI, illustrating how certain offenses do not necessarily sway rates within this dataset. However, in general, the gravity of a driving offense can significantly influence car insurance premiums.

In cities like Broken Arrow, insurance rates typically increase with the severity of a driving transgression due to the greater risk insurers face. For instance, drivers with a speeding ticket may face an average annual rate of $1,899, while those with a DUI could see rates around $2,183. This substantial difference underscores the necessity for individuals with driving offenses to diligently compare insurance rates to ensure they secure the most cost-effective coverage for their situation.

MoneyGeek found that Allstate is the cheapest option for full coverage car insurance for male and female teens in Broken Arrow, offering significant savings without compromising on coverage. Here are the most affordable companies:

• Allstate: $2,021 per year for female teens and $2,145 per year for male teens.
• State Farm: $2,059 per year for female teens and $2,566 per year for male teens.

These rates cover the combination of two parents and a teenager on a policy. Among the surveyed companies, Farmers presents the most expensive policy for teen family coverage in Broken Arrow, particularly for male teens at $2,975 per year. The difference for female teen coverage between Allstate and Farmers is $787 annually, emphasizing the importance of comparison shopping to secure the cheapest car insurance for teens.

In Broken Arrow and many other cities, when teens secure car insurance, the financial contrast between individual policies and being added to a family plan is stark. The average individual annual premium for a teen is a hefty $6,891, nearly three times the average family premium of $2,563. This significant rate disparity arises because insurers view teens as high-risk drivers due to their inexperience, leading to higher individual premium costs.

MoneyGeek found the cheapest car insurance for drivers with military backgrounds in Broken Arrow, with highly competitive rates and specialized services.

• USAA: $881 per year
• GEICO: $920 per year

USAA is not only the cheapest option in Broken Arrow but also provides personalized services geared toward active-duty military members. USAA is known nationally for its competitive pricing and its commitment to the military community.

Finding the most affordable car insurance rates in Broken Arrow can be pivotal for budget-conscious drivers, yet the process often involves sifting through options from multiple companies, which could extend beyond an hour of research. MoneyGeek's car insurance calculator streamlines this task. By simply inputting key details such as age, driving history, credit score and coverage preferences, individuals can promptly receive accurate rate estimates tailored to their specific circumstances.

Selecting the best auto insurance for you depends on how much you value service, cost, coverage and other factors. MoneyGeek's scoring system evaluated Broken Arrow's top car insurance providers within distinct categories:

• Best overall: Mercury (MoneyGeek score 80 out of 100)
• Best for service: Shelter (MoneyGeek score 78 out of 100)
• Best cheap: Mercury (MoneyGeek score 83 out of 100)

Mercury is the best choice in Broken Arrow for overall value and affordability. Shelter, the winner for best service, is ideal for those seeking premium customer service, regardless of cost.

MoneyGeek found the best option for car insurance in Broken Arrow.

• Mercury: MoneyGeek score of 80 out of 100 ($959 per year)
• State Farm: MoneyGeek score of 74 out of 100 ($1,044 per year)

Mercury shines in Broken Arrow with a high MoneyGeek score for a full coverage policy, with its affordability and satisfaction scores being the largest contributors to its top placement.

MoneyGeek found the best option in Broken Arrow for those seeking top-notch car insurance for customer service.

• Shelter: MoneyGeek score of 78 out of 100 ($1,330 per year)
• Mercury: MoneyGeek score of 73 out of 100 ($959 per year)

Shelter stands out primarily due to its exceptional scores in claims handling and coverage options.

MoneyGeek found the best companies in Broken Arrow for those seeking affordable car insurance without compromising on quality.

• Mercury: MoneyGeek score of 83 out of 100 ($290 per year)
• Shelter: MoneyGeek score of 74 out of 100 ($563 per year)

Mercury stands out as the leader in Broken Arrow for providing budget-friendly car insurance policies. It scored the highest in affordability while still achieving high marks in satisfaction and claims processing.

In Broken Arrow, Oklahoma, the average car insurance cost is $1,246, slightly less than the statewide average. Oklahoma's average car insurance cost is $1,252, which is notably lower than the national average insurance cost of $1,720.

Car insurance prices are influenced by a myriad of factors, with location playing a significant role. Geographic factors contribute to this variability due to differences in traffic density, risk of natural disasters and accident rates. Within Oklahoma, MoneyGeek's analysis points to Tulsa as the city with the most expensive insurance premium at $1,333, while Broken Arrow enjoys a slightly more affordable rate.