The Cheapest Car Insurance in Oklahoma for 2022
GEICO's minimum coverage policy is the cheapest car insurance in Oklahoma at $376 per year.
MoneyGeek compiled and analyzed quotes from multiple Oklahoma auto insurance providers. The most affordable solution for you is determined by your unique profile. For instance, while GEICO has the lowest rates for drivers with poor credit or tickets, State Farm is the cheapest for seniors and people with DUIs or accidents. Shopping around and comparing insurance premiums in Oklahoma might save you up to $671 each year.
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The Cheapest Car Insurance in Oklahoma
MoneyGeek analyzed the top affordable vehicle insurers in Oklahoma by city in order to provide drivers with average costs in their area. For drivers who care about both rates and customer service, MoneyGeek identified the best auto insurance companies in Oklahoma.
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.
These rates were updated in August 2022 to reflect how car insurance rates in Oklahoma have changed up to this month.
Cheapest Minimum Liability Car Insurance in Oklahoma
Oklahoma drivers looking for the cheapest car insurance can consider getting minimum liability coverage, which only meets the state requirements.
MoneyGeek evaluated car insurance companies in Oklahoma and found that the cheapest average options for minimum coverage are:
- GEICO: $376 per year
- State Farm: $462 per year
If you or a family member is a current or former military member, you qualify for USAA coverage at an average annual rate of just $350. Oklahoma Farm Bureau offers the most expensive car insurance for minimum coverage at approximately $750 per year.
CHEAPEST MINIMUM CAR INSURANCE IN OKLAHOMA
These prices are only estimates based on rates for an average Oklahoma driver and should not be used to compare insurance prices.
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Cheapest Full Coverage Car Insurance in Oklahoma
A full coverage policy in Oklahoma is more expensive, but it comes with higher liability limits and comprehensive and collision insurance. This gives you protection against most road and off-road accidents. Additionally, it also covers damages to your vehicle. Compare rates from different car insurance companies to find the best deal.
Among car insurance companies in Oklahoma, the cheapest average options for full coverage are:
- GEICO: $726 per year
- Farmers: $943 per year
If you're part of a military family, you can get coverage from USAA for the competitive rate of around $776 per year. Oklahoma Farm Bureau offers the most expensive car insurance for full coverage, with an average annual rate costing $1,397.
CHEAPEST FULL COVERAGE CAR INSURANCE IN OKLAHOMA
These prices are based on a policy with comprehensive and collision insurance that allows you to claim up to $100,000 for bodily injury per person, $300,000 for bodily injury per accident and $100,000 for property damage per accident. Your individual premiums will be based on your circumstances and will be different than the examples given.
How to Compare Cheap Oklahoma Car Insurance Quotes Online
Most car insurance companies in Oklahoma allow drivers to get a reasonably accurate quote on their website.
- Determine the amount of coverage you will need before shopping. Then, if you ask one insurance provider for a quote for a policy with $300,000 in bodily liability insurance per accident, use the same number when you compare quotes with other insurers.
- You can use MoneyGeek’s car insurance calculator to get an average quote estimate for your car insurance without providing specific personal information. To get a personalized quote, you’ll have to enter more details or check MoneyGeek’s price data to figure out which insurer’s websites to shop on.
- Based on average rates in Oklahoma, the most affordable companies are GEICO and State Farm. You can begin your search for an insurance policy by getting personalized quotes from these companies.
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Cheapest Car Insurance in Oklahoma for Young Drivers
Due to inexperience, young drivers are riskier to insure. As a result, car insurance rates for students and young people in Oklahoma are typically quite high. In Oklahoma, the average cost of auto insurance for a 16-year-old driver is $2,346 per year, while the cost for a 25-year-old driver is $1,070 per year.
For those between the ages of 16 and 18, Allstate is the cheapest auto insurance option. On the other hand, GEICO is cheapest for Oklahoma drivers between the ages of 19 and 25.
ANNUAL CAR INSURANCE IN OKLAHOMA FOR YOUNG DRIVERS
Auto insurance can be more expensive for younger drivers. For example, the average rate for 16-year-old drivers in Oklahoma who choose Allstate pay around $2,030 per year, which is $1,238 higher than the cost to insure a 25-year-old using GEICO.
To save and make auto insurance policies even cheaper, young drivers can qualify for a good student discount, be added to their parent’s policy or take a defensive driving course.
Cheapest Car Insurance in Oklahoma for Seniors
If you are a senior driver, insurance companies in Oklahoma may charge you more than young adults and middle-aged drivers. The average annual rate in the state for senior drivers with full coverage is $1,262, which is $43 more than the premium for an average driver.
If you are a senior driver in Oklahoma with a full coverage policy, your cheapest average options are:
- State Farm: $964 per year
- GEICO: $996 per year
If you qualify for USAA coverage, this company has the lowest average annual rate for Oklahoma seniors at $843. The most expensive option is Mercury, at an average of $1,475 per year.
CHEAPEST CAR INSURANCE RATES FOR SENIORS
While the majority of senior drivers are careful and cautious when driving, they are seen as a higher risk to insure. As a result, their auto insurance premiums are slightly higher.
To save on premiums, seniors can request a number of discounts or utilize different money-saving techniques. For instance, shopping around can save seniors in Oklahoma up to $511 a year. There are also discounts they can qualify for, such as a good driving discount or a senior driver discount.
Cheapest Car Insurance for Drivers With Tickets in Oklahoma
Any violation, even minor ones like tickets, will increase car insurance rates in Oklahoma. For example, the average annual rate for drivers with speeding tickets is $1,555. That is $336 more than the average rate for drivers with a clean record.
The cheapest average car insurance companies for Oklahoma drivers with speeding tickets and full coverage are:
- GEICO: $909 per year
- State Farm: $1,075 per year
For those who qualify for USAA coverage, this company is the second cheapest insurer, with an average annual rate of $965 for Oklahoma drivers with tickets. At an average of $1,939 annually, Mercury is the most expensive company.
AVERAGE CAR INSURANCE RATES WITH A TICKET
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 above looks at average costs for car insurance after getting pulled over.
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 for Drivers With a DUI in Oklahoma
In Oklahoma, drivers with a DUI pay an average of $1,901 per year. Those who have clean records pay an average of $1,219 per year.
The car insurance companies offering the cheapest average rates for drivers with a DUI and full coverage in Oklahoma are:
- State Farm: $1,075 per year
- Farmers: $1,303 per year
The most expensive option for DUI drivers in Oklahoma is Oklahoma Farm Bureau, costing an average of $2,213 per year.
AVERAGE CAR INSURANCE RATES WITH A DUI
The state of Oklahoma 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.
Fortunately, it’s still possible to find cheap auto insurance by comparing quotes from different providers. Shopping around can save drivers at least $1,138 per year. Also, avoiding a DUI is the best way to stay safe and maintain a low insurance rate.
Cheapest in Oklahoma for Drivers With an At-Fault Accident
A driver in Oklahoma with an at-fault accident will pay an average of $1,722 yearly for car insurance. This rate is higher than what someone with a clean record will pay since driving history is an important rating factor in the cost of car insurance.
On average, the most affordable car insurance for drivers with an at-fault accident in Oklahoma are:
- State Farm: $1,146 per year
- GEICO: $1,224 per year
USAA is the cheapest option in Oklahoma for drivers with an at-fault accident on their record at $1,112 yearly, but this insurer only works with military personnel and their families. Charging around $2,256 annually, Mercury ranks as the most expensive option.
CHEAPEST CAR INSURANCE WITH AN AT-FAULT ACCIDENT
Cheapest Car Insurance in Oklahoma for Drivers With Bad Credit
In Oklahoma, drivers with lower credit scores tend to have higher car insurance rates. On average, a driver with bad credit in the state pays $2,014 annually. Those with healthy credit scores pay around $1,219 per year.
On average, the cheapest car insurance companies for those with poor credit and full coverage in Oklahoma are:
- GEICO: $1,051 per year
- Farmers: $1,469 per year
For people with military affiliations, USAA has a competitive rate averaging $1,336 per year for Oklahoma drivers with bad credit. The most expensive option is Progressive, at roughly $2,121 per year.
CHEAPEST CAR INSURANCE RATES FOR DRIVERS WITH BAD CREDIT
Finding cheap car insurance with bad credit can be challenging since Oklahoma car insurance companies view these customers as a higher risk. Generally, auto insurance for drivers with bad credit is more expensive, but it’s possible to still save up to $1,070 by shopping around.
Aside from comparing quotes, improving your credit score can help you save more in the long run. A higher credit score means lower insurance premiums, better interest rates and a greater chance of being able to achieve financial goals.
Cheapest Car Insurance in Oklahoma for Military Drivers
In Oklahoma, USAA is the cheapest insurer, costing around $26 less than the next cheapest option, GEICO. USAA is only available to military members, veterans and their families.
- Average rate: $350 per year
- Ranks as the cheapest out of eight insurers
According to MoneyGeek's analysis, USAA is the cheapest company. It provides low prices to members of the military and veterans. Plus, it has various discounts that allow customers to save even more money. These include standard discounts like bundling and multi-car discounts, as well as unique discounts like military, mileage, loyalty and legacy discounts.
Cheapest Car Insurance in Oklahoma by City
Car insurance rates in Oklahoma can change depending on where in the state you live. Areas with increased risk factors like high numbers of car accidents will typically have more expensive car insurance rates. Drivers in Tulsa pay slightly higher car insurance rates on average at $1,313 per year compared to drivers in Oklahoma City where the average rate is $1,285 yearly.
Click on your city to know more about car insurance costs in your area.
AVERAGE INSURANCE RATE BY CITY IN OKLAHOMA
Car Insurance in Oklahoma: What You Need to Know
Oklahoma law requires that all drivers carry a minimum amount of liability insurance or a $75,000 bond per vehicle.
Oklahoma Insurance Requirements
In Oklahoma, drivers need to provide proof of financial responsibility to register their vehicle and drive legally. Oftentimes, this comes in the form of insurance, which can be proven with an insurance card or certificate of insurance.
Alternatively, drivers can also secure their financial responsibility with a $75,000 bond to the state DMV for each vehicle they register.
If a driver chooses the insurance route, Oklahoma requires that auto insurance policies have a minimum coverage of $25,000 in bodily injury per person, $50,000 in bodily injury for all parties and $25,000 in property damage coverage.
When you are a high-risk driver who cannot get auto insurance or a bond, you can call the Oklahoma Automobile Insurance Plan for assistance at 866-667-2827 or 405-842-0844.
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 also want to get uninsured and underinsured motorist coverage, which would cover you if someone without insurance hits you.
FAQs About Car Insurance in Oklahoma
The most common questions that drivers are concerned about when it comes to auto insurance in Oklahoma center around the premium rate and how much coverage an individual should buy.
About the Author
- AAA. "Oklahoma Laws and Rules." Accessed January 21, 2021.
- Centers for Disease Control and Prevention. "Sobering Facts: Alcohol-Impaired Driving State Fact Sheets." Accessed December 28, 2020.
- Defense Manpower Data Center. "Military and Civilian Personnel by Service/Agency by State/Country." Accessed March 16, 2020.
- Experian. "2019 Consumer Credit Review." Accessed March 16, 2020.
- National Association of Insurance Commissioners. "2018 Market Share Reports." Accessed March 16, 2020.
- National Highway Traffic Safety Administration. "Traffic Safety Facts." Accessed March 16, 2020.
- Oklahoma Department of Public Safety. "Points System." Accessed March 16, 2020.