Car insurance in Oklahoma City costs $1,285 on average, cheaper than the annual average premium in the state. The most affordable option is GEICO, which charges an average rate of $773 per year. MoneyGeek analyzed the cheapest by coverage amount and driving history. MoneyGeek also recommended the best carriers for drivers focused on both quality and cost.
Compare the Cheapest Car Insurance Quotes in Oklahoma City, OK
The Cheapest and Best Car Insurance in Oklahoma City
The Cheapest Car Insurance Companies in Oklahoma City
For a full coverage policy in Oklahoma City, the cheapest companies on average are:
- GEICO: $773 per year
- USAA: $826 per year (only available to current and former military members)
In Oklahoma City, GEICO is the most affordable car insurance company, with a $773 average price point for their annual premium. That’s roughly $512 cheaper than the city average, and nearly three times less expensive than MetLife, the most expensive insurer in the city. Drivers should still do some comparison shopping to find the best offer for them. However, for most drivers seeking cheap car insurance in Oklahoma City, GEICO will be the least expensive option.
The insurance rates used for this study are based on a 40-year-old male driver with a full coverage policy, which includes liability insurance and comprehensive and collision insurance.
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Average Cost of Car Insurance in Oklahoma City
Car insurance in Oklahoma City (averages around $1,285) is slightly more affordable than the statewide ($1,299 on average) and national ($1,424 on average) annual premiums. There’s not much difference between the city and state average car insurance rate, with just a 1.1% price variation between them. However, the gap is larger when compared to the national average annual premium, with the national rate being approximately 9.8% higher than Oklahoma City’s prices.
The Best Car Insurance Companies in Oklahoma City
For some drivers, it is important to find an insurer that balances affordability and quality service. MoneyGeek evaluated insurance companies in Oklahoma City. Based on the final scores, the best insurers in the city for most drivers are:
- GEICO: MoneyGeek score of 98 out of 100
- Allstate: MoneyGeek score of 85 out of 100
USAA received the highest score in Oklahoma City by MoneyGeek's rating system. However, because USAA is only available to military members, veterans and their families, it is not listed as best overall.
MoneyGeek’s scoring system is based on a variety of factors, which include J.D. Power user satisfaction, affordability and financial stability.
Personalized Quotes to Get You the Cheapest Car Insurance in Oklahoma City
There are several key factors that can affect car insurance quotes in Oklahoma City, which means that even if two drivers live in the same neighborhood, they may not receive the same rates. Your age, driving history, credit score, gender and ZIP code (among other factors) also influence the final rate you receive.
Therefore, it is important that you always get a personalized quote from insurance providers to see what the best offer is for you. You should also check to see if they have discounts, rebates or promos so you can get a better rate for your Oklahoma City car insurance package.
Shopping around for car insurance in Oklahoma City could save you $512, which is enough to buy:
Cheapest Car Insurance in Oklahoma City by Coverage Amount
How much coverage you buy will have a huge impact on the cost of your auto insurance in Oklahoma City and elsewhere. A state minimum liability-only policy in the city costs $626 on average. A full coverage policy with higher liability limits costs $1,285 on average, a difference of $659.
Oklahoma Minimum Liability Requirements
- Bodily Injury and Property Damage$25,000 per person, $50,000 per accident and $25,000 for property damage. A more protective level is 100/300/100.
In Oklahoma City, GEICO offers the cheapest state minimum policy at $401 per year on average. However, their full coverage with additional benefits can cost up to $773 on average. Other insurance companies also have their own set of policies that you might be interested in. Ask for personalized quotes from car insurance companies in Oklahoma City to see your options.
If all you’re looking for is basic car insurance coverage, then a state minimum liability insurance policy will suit your needs. However, if you want to have a better payout in case you get into a serious accident, it’s recommended that you get a more comprehensive insurance package.
With GEICO, there’s only an average $231 difference between their 50/100/50 liability-only policy and full coverage. There’s also just a roughly $70 gap between their 50/100/50 full-coverage and 100/300/100 full-coverage plans. Given the small difference in the annual premium rates, individuals who can afford to do so might want to get a comprehensive policy from their chosen insurer.
Average Car Insurance Premiums: Liability-Only vs. Full Coverage
- CompanyState Minimumper year50 / 100 / 50per year
- Company50 / 100 / 50per year100 / 300 / 100per year
Cheapest Car Insurance in Oklahoma City if You Have Driving Violations
Your driving history is one of the main factors that affects the cost of your annual insurance. The better your driving record is, the less you likely need to pay. In Oklahoma City, GEICO has the cheapest car insurance policy (averaging $773) for people with no driving violations. As you accumulate tickets, the cost of your insurance will hike up as well.
For example, GEICO’s initial no-violations rate will increase to an average of $969 if you have a speeding ticket, $1,301 on average for at-fault accidents and roughly $1,646 for DUIs. As a driver, it is always more cost-efficient for you to drive safely, as this reduces both your risk factors and insurance costs.
- CompanySpeeding Ticketper yearAt-Fault Accidentper yearDUIper year
Average Cost of Car Insurance by Postal Code
ZIP code is another factor that influences your insurance rates. There are risk factors like car theft incidents, accidents, uninsured motorists and other location-specific qualifiers that insurers will take into consideration when generating a quote.
In Oklahoma City, the ZIP code 73160 has the cheapest annual premium at $1,264, which is $45 less expensive than people who live in ZIP code 73110. Although the difference isn’t much, it is still important that you understand how costs are calculated in order to have a good estimate of the best package for you.
- Zip CodeState Minimumper year
Factors That Impact Insurance Costs in Oklahoma City
In addition to individual driver needs and history, location-specific factors like the percentage of uninsured motorists and the rate of fatal accidents also contribute to car insurance rates in Oklahoma City. How Oklahoma City ranks compared to the 300 most populous cities in the United States can have a significant impact on premium costs.
Methodology and Assumptions
MoneyGeek’s average premium rates for Oklahoma City are based on 100/300/100 comprehensive collision coverage with a $1,000 deductible for a 40-year-old male driver. The average driver profiled drives a 2010 Toyota Camry LE and has no tickets or accidents on their record. Additional premiums are added based on coverage type, location and driving record. Learn more about MoneyGeek’s data and methodology here.
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