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Cheapest Car Insurance Companies and Quotes in Oklahoma

To find the most affordable car insurance in Oklahoma, MoneyGeek ranked carriers based on average annual premiums for comprehensive and collision coverage. However, the cost of auto insurance will vary depending on individualized factors. Comparing quotes from multiple insurance providers will give you an idea of how much your auto insurance will cost.

Average Comprehensive and Collision Rates in Oklahoma

The table above provides approximate annual premium costs. However, each carrier underwrites various factors differently, including age, credit score and driving record. For example, some providers may penalize you more than others for DUI records and speeding tickets. Shopping around can help you find the best car insurance in Oklahoma.

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Cheapest Liability Car Insurance in Oklahoma

Some drivers opt for liability-only car insurance, which covers third-party property damages and medical expenses if you are at fault in an accident. Since this does not cover your vehicle or medical costs, it can be a good idea to supplement your coverage with comprehensive and collision policies. Most states have a specific minimum-liability requirement. Insurance companies also provide higher coverage levels. In Oklahoma, GEICO is the cheapest option for most drivers, whether it is for the state minimum coverage of 25/50/25 or a higher coverage level of 50/100/50.

Average Cost for Liability Coverage

The Best Car Insurance Companies in Oklahoma for 2021

MoneyGeek used a unique rating system to determine the best car insurance in Oklahoma, considering factors like affordability, claims experience, customer service and financial strength.

To calculate each insurer’s final ratings, MoneyGeek assessed information from J.D. Power’s U.S. Auto Insurance Study and AM Best’s financial strength ratings, along with pricing data and industry standards for ratings and review. Each criterion factored equally into the final score out of 100.

Expand All Rankings +

1

USAAScore: 100
+

5/5

User Satisfaction

5/5

Claims Ratings

5/5

Affordability

A++

Financial Stability

2

Auto-Owners Insurance CoScore: 97.5
+

5/5

User Satisfaction

4/5

Claims Ratings

5/5

Affordability

A++

Financial Stability

3

GEICOScore: 92.5
+

4/5

User Satisfaction

3/5

Claims Ratings

5/5

Affordability

A++

Financial Stability

4

AllstateScore: 85
+

4/5

User Satisfaction

3/5

Claims Ratings

3/5

Affordability

A+

Financial Stability

5

TravelersScore: 85
+

3/5

User Satisfaction

3/5

Claims Ratings

3/5

Affordability

A++

Financial Stability

6

ProgressiveScore: 85
+

3/5

User Satisfaction

3/5

Claims Ratings

4/5

Affordability

A+

Financial Stability

7

AAAScore: 82.5
+

3/5

User Satisfaction

3/5

Claims Ratings

4/5

Affordability

A

Financial Stability

8

State FarmScore: 80
+

3/5

User Satisfaction

3/5

Claims Ratings

3/5

Affordability

A

Financial Stability

9

American FamilyScore: 77.5
+

3/5

User Satisfaction

2/5

Claims Ratings

2/5

Affordability

A+

Financial Stability

10

SafecoScore: 77.5
+

2/5

User Satisfaction

4/5

Claims Ratings

2/5

Affordability

A

Financial Stability

While USAA scores highly in many areas, this provider is only available to military members, veterans and their families.

Market Share by Company

Every year the National Association of Insurance Commissioners releases a report on the largest insurance groups in each state. Review the table below to learn about some of the other biggest agencies in Oklahoma.

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What Is the Average Cost of Car Insurance in Oklahoma?

Driver-specific factors determine the cost of auto insurance premiums. MoneyGeek calculated the average rates in Oklahoma based on comprehensive and collision insurance policies for the average driver, a 40-year-old male driving a Toyota Camry with a clean driving record. A driver may have higher or lower annual premiums depending on driving history, coverage level, age, credit score and location, among others.

  • Average Driver: $1,299
  • DUI: $2,025
  • Speeding Ticket: $1,657
  • Poor Credit Score: $2,165
  • Seniors: $1,344
  • Students: $2,276

Cheapest Car Insurance for Drivers With a DUI in Oklahoma

Alcohol was involved in the deaths of 1,864 people in Oklahoma between 2009-2018, with the state showing higher rates of death by age and gender than the national averages. 1% of drivers in Oklahoma say they have driven after drinking too much within the previous 30 days.

The state takes driving under the influence seriously: those who receive a DUI charge face jail time, fines and license suspension. They also face increased car insurance quotes, as evidenced by the table below.

Average Car Insurance Rates With a DUI

DUIs stay on driving records for ten years and incur additional penalties through the DMV’s points-based system. Avoiding getting a DUI is the best way to stay safe and find cheap auto insurance, so think twice before getting behind the wheel after drinking.

Cheapest Car Insurance With Tickets in Oklahoma

Whether trying to send a quick text, locate a stick of gum, or pick a podcast, all of these activities can endanger you and others around you. Finding cheap car insurance with a ticket in Oklahoma can also be substantially more difficult. The table below looks at average costs for car insurance after getting pulled over.

Average Car Insurance Rates With a Ticket

The amount of time a ticket impacts your record depends on whether or not you receive other infringements and if you take a motor vehicle accident prevention course. Oklahoma uses a points-based system and allows drivers to remove two points per 24-month period by engaging in driver improvement or defense classes. Distracted driving can cost more than higher car insurance, so keep your eyes on the road.

Cheapest Car Insurance Companies in Oklahoma for Drivers With Bad Credit

The nationwide average credit score for 2019 topped 703 according to Experian, while Oklahomans held an average score of 682. Finding cheap car insurance with bad credit can be challenging given that Oklahoma car insurance companies view these customers as a higher risk. Deferred and defaulted payments, derogatory marks and high levels of debt can all cause bad credit. Average auto insurance quotes for these drivers are reviewed in the following table.

Average Car Insurance Rates for Drivers With Bad Credit

Improving your credit score can be done and it is well worth your time. A higher credit score means lower insurance premiums, better interest rates and a greater chance of being able to own a home.

Cheapest Car Insurance Companies in Oklahoma for Seniors

Senior citizens were responsible for 13.4% of the state’s 926 fatal traffic crashes in 2017. While the majority of senior drivers exhibit great care and caution when driving, they are seen as a higher risk due to the higher percentage of accidents. Cheap car insurance for seniors in Oklahoma can be found, but remember to look for the type of insurance required for this stage of life. The table below looks at average quotes for those aged 65 and above.

Average Car Insurance Rates for Seniors

According to AAA, senior citizens in Oklahoma must renew their licenses every four years at an in-person location. They must pass a vision exam during their initial renewal after turning 65, but not each time after.

Cheapest Car Insurance for Students in Oklahoma

Teens in Oklahoma follow a graduated driver's license program designed to protect them while they learn to drive. You must hold parental or guardian approval and proof of insurance for your car to receive a learner's permit. According to the Oklahoma Department of Insurance, insurance companies may offer a lower rate for teen drivers if the owner agrees to a higher deductible. At the age of 18, drivers can apply for an unrestricted license that allows them to operate a car at any time.

If you're a nonresident student enrolled at an Oklahoma college or university (or the spouse or child of a nonresident student), you do not have to get an Oklahoma license if you hold a valid license from your home state.

If you're an Oklahoma resident enrolled in an out-of-state school, you must inform the insurance company if the vehicle will be used in another state for 30 days or more each year. Whether you need to change your license depends on the state, but you'll likely need to match your new state's insurance.

Student drivers aged 16-19 were involved in 13,910 crashes in 2016, leading to fatal crashes for 56 of those drivers. Despite best efforts, younger motorists tend to get into more crashes initially due to possessing less experience on the road. Insurance rates for this population tend to be higher due to this fact, as evidenced by the figures below.

Average Car Insurance Rates for Students

Insurance Rate Information for Military Drivers and Veterans

Military families and veterans in Oklahoma need auto insurance to register their vehicles with the DMV. Just by being in the military or having served, you can get a discount on car insurance in the state, either from one of the major insurance companies or a carrier focused just on serving the armed forces. AFI, USAA, State Farm and Geico offer military discounts on auto insurance and other policies, such as homeowner's insurance. Some carriers provide additional discounts for buying two or more policies for different insurance needs.

The nearly 60,000 active, reserve and civilian military personnel who are either residents of Oklahoma or stationed in the state are entitled to a reduced annual registration fee. Oklahoma offers an auto-renewal system for online registration of your vehicle. If you need to store a vehicle during deployment, ask potential carriers if you can suspend coverage and premium payments while your vehicle is not in use.

Average Rates for Oklahoma service members

male
25 years$1,652
50 years$1,316
female
25 years$1,561
50 years$1,307

Car Insurance in Oklahoma: What You Need to Know

All car and truck owners are required to carry at least the minimum liability coverage required by Oklahoma law. The only other option to insurance is posting a $75,000 bond per vehicle.

Proof of Insurance in Oklahoma

Oklahoma drivers must provide proof of insurance when registering a vehicle and at traffic stops. State law requires proof of insurance to include:

  • Name and address of the insurance company
  • The vehicle owner's name
  • The vehicle's make, model, year and VIN (vehicle identification number)
  • The policy's start and end dates

Minimum Liability Insurance Requirements in Oklahoma

Oklahoma residents must purchase at least these minimum levels of liability insurance before they can register a vehicle:

  • $25,000 per person for injury
  • $50,000 for all injuries
  • $25,000 for property damage

Alternatives to Insurance in Oklahoma

Drivers who don't want to buy auto insurance can secure their financial responsibility with a $75,000 bond to the state DMV for each vehicle they register.

High-Risk Auto Insurance Program in Oklahoma

High-risk drivers who cannot get auto insurance or a bond can call the Oklahoma Automobile Insurance Plan for assistance at 866-667-2827 or 405-842-0844.

How Much Coverage Do You Need in Oklahoma?

Although Oklahoma requires minimum liability coverage, you may need to buy other insurance as well. Collision and comprehensive coverage, which cover your vehicle from a wide variety of risks, are typically required to lease a vehicle or secure a car loan. If you can afford it, experts say that it's best to buy liability insurance in the amounts of $100,000 per injury and $300,000 per accident. Considering the high rate of uninsured drivers in Oklahoma, you may want to get uninsured and underinsured motorist coverage as well, which would cover you if someone without insurance hits you.

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About the Author


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Based in Nashville, Tennessee, Katy McWhirter specializes in researching and writing about education, health, travel and history. She holds a bachelor's degree in social entrepreneurship from Belmont University and a master's degree in history from the University of York. Prior to transitioning into her current role as a writer, McWhirter worked with numerous educational institutions and nonprofit organizations. More of her work can be found at www.thenative.me.


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