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


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ByMark Fitzpatrick
Reviewed byMark Friedlander
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ByMark Fitzpatrick
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Reviewed byMark Friedlander
Edited byJlyne Ubina
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Updated: May 23, 2024

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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 Logo IconBest & CheapestCar InsuranceBroken Arrow
2024

Cheapest and Best Car Insurance in Broken Arrow

Why Trust MoneyGeek? We analyzed 27,868 quotes in Oklahoma, including the city of Broken Arrow, from 10 companies. We used six sources and original research to rate the cheapest companies and develop a scoring system for Broken Arrow insurance providers based on ZIP codes in the city only. Our scores are based on affordability, customer satisfaction, claims experience, coverages offered and financial stability.

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These rates reflect the cheapest car insurance quotes in Broken Arrow, OK, as of June 2024.

27,868Quotes Analyzed
 
10Companies Compared

Cheapest Minimum Coverage Car Insurance in Broken Arrow

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.

Data filtered by:Results filtered by:
Age Group:
Age Group:30-59
Coverage:
Coverage:Minimum Coverage
MercuryAnnual Premium$290Monthly Premium$24
ProgressiveAnnual Premium$351Monthly Premium$29
State FarmAnnual Premium$455Monthly Premium$38
GEICOAnnual Premium$461Monthly Premium$38
ShelterAnnual Premium$563Monthly Premium$47
FarmersAnnual Premium$628Monthly Premium$52
Oklahoma Farm BureauAnnual Premium$647Monthly Premium$54
AllstateAnnual Premium$753Monthly Premium$63

State Minimum Liability Requirements

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.

Cheapest Full Coverage Car Insurance in Broken Arrow

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.

Data filtered by:Results filtered by:
Age Group:
Age Group:30-59
Coverage:
Coverage:Full Coverage
GEICOAnnual Premium$920Monthly Premium$77
MercuryAnnual Premium$959Monthly Premium$80
State FarmAnnual Premium$1,044Monthly Premium$87
AllstateAnnual Premium$1,184Monthly Premium$99
FarmersAnnual Premium$1,222Monthly Premium$102
ProgressiveAnnual Premium$1,225Monthly Premium$102
ShelterAnnual Premium$1,330Monthly Premium$111
Oklahoma Farm BureauAnnual Premium$1,401Monthly Premium$117

Do You Need Full Coverage in Oklahoma?

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.

Cheapest Car Insurance in Broken Arrow After a Driving Offense

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.

Data filtered by:Results filtered by:
Age Group:
Age Group:30-59
Coverage:
Coverage:Full Coverage
Incident:
Incident:Speeding
State FarmAnnual Premium$1,149Monthly Premium$96
GEICOAnnual Premium$1,240Monthly Premium$103
MercuryAnnual Premium$1,319Monthly Premium$110
AllstateAnnual Premium$1,380Monthly Premium$115
Oklahoma Farm BureauAnnual Premium$1,443Monthly Premium$120
ProgressiveAnnual Premium$1,605Monthly Premium$134
FarmersAnnual Premium$1,717Monthly Premium$143
ShelterAnnual Premium$1,857Monthly Premium$155

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.

Cheapest Car Insurance in Broken Arrow for Teens and Their Families

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.

Data filtered by:Results filtered by:
Age:
Age:16
Gender:
Gender:Female
AllstateFamily Plan Annual Premium$2,021Individual Plan Monthly Premium$5,573
State FarmFamily Plan Annual Premium$2,059Individual Plan Monthly Premium$2,682
ProgressiveFamily Plan Annual Premium$2,141Individual Plan Monthly Premium$5,691
GEICOFamily Plan Annual Premium$2,677Individual Plan Monthly Premium$9,419
FarmersFamily Plan Annual Premium$2,808Individual Plan Monthly Premium$9,558

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.

Cheapest Car Insurance in Broken Arrow for Military Drivers

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.

Data filtered by:Results filtered by:
Age Group:
Age Group:30-59
Coverage:
Coverage:Full Coverage
USAAAnnual Premium$881Monthly Premium$73
GEICOAnnual Premium$920Monthly Premium$77
MercuryAnnual Premium$959Monthly Premium$80
State FarmAnnual Premium$1,044Monthly Premium$87
AllstateAnnual Premium$1,184Monthly Premium$99
FarmersAnnual Premium$1,222Monthly Premium$102
ProgressiveAnnual Premium$1,225Monthly Premium$102
ShelterAnnual Premium$1,330Monthly Premium$111

How to Compare Cheap Broken Arrow Car Insurance Quotes Online

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.

Car Insurance Calculator

MoneyGeeks's car insurance calculator will give you a customized estimate of your auto insurance cost. It's free to use, requires no personal information and we won't send you any spam.

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Rates updated:

Jun 13, 2024

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Best Car Insurance in Broken Arrow: Overview

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.

Overall Best Car Insurance in Broken Arrow

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.

Company logo for Mercury
Best OverallMercury
MoneyGeek Score:
80/ of 100

Overview

Mercury's high MoneyGeek score is largely due to strong affordability and satisfaction scores. It provides both common coverages: rental car and/or travel reimbursement and roadside assistance. Among reasonably common coverages, Mercury offers mechanical breakdown insurance, which covers the cost of many vehicle repairs after the manufacturer's warranty expires.

Mercury maintains a high standing with a MoneyGeek score of 80 out of 100, factoring in satisfaction (27 out of 35), affordability (29 out of 30), claims (13 out of 20) and coverage (8 out of 10).

Best Car Insurance in Broken Arrow for Customer Service

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.

Company logo for Shelter
Best for Customer ServiceShelter
MoneyGeek Score:
78/ of 100

Overview

Shelter Insurance excels particularly in claims handling and satisfaction, contributing significantly to its high MoneyGeek score of 78. The company offers the two most common car insurance coverages: rental car and/or travel reimbursement and roadside assistance. Shelter also provides valuable options like new car replacement and gap insurance.

These coverages, paired with satisfaction (24 out of 45) and claims (30 out of 30) scores, show Shelter's commitment to customer service and reliable claim processing, making it a strong choice for potential clients seeking comprehensive car insurance.

Best Cheap Car Insurance in Broken Arrow

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.

Company logo for Mercury
Best Cheap CompanyMercury
MoneyGeek Score:
83/ of 100

Overview

Mercury received a MoneyGeek score of 83 (out of 100) for its affodability. The average annual premium for minimum coverage is just $290. Customers can also benefit from reasonably common discounts like an anti-theft system and reasonably rare discounts like automatic payment.

Mercury offers all four of the most common discounts: bundling, good student, multiple car and safe driving. In addition to these mainstream savings, Mercury offers a discount for drivers who pay their annual premium in full, encouraging upfront payments and financial planning. The company also extends a very rare discount to educators, offering up to a 17% reduction, thus honoring their service and contribution.

Average Cost of Car Insurance in Broken Arrow

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.

Broken ArrowAnnual Premium$1,246
NormanAnnual Premium$1,259
Oklahoma CityAnnual Premium$1,319
TulsaAnnual Premium$1,333

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.