Cheapest Car Insurance in Oklahoma (September 2024)

Mercury offers the cheapest minimum coverage car insurance in Oklahoma. MoneyGeek also found that Allstate, GEICO, Progressive, Farmers and State Farm offer the cheapest policies for certain types of drivers.

We also ranked the best car insurance in Oklahoma based on a balance between affordability and quality of service

MoneyGeek’s analysis found that the cheapest auto insurance companies for minimum coverage in Oklahoma are:

• Mercury: $289 per year
• Progressive: $362 per year

Allstate is Oklahoma's most expensive minimum coverage policy provider at around $769 per year.

A minimum coverage policy in Oklahoma only covers bodily injury liability, property damage liability and medical benefits.

A minimum coverage policy covers injuries or damages you cause to others, but your car is not covered. You should purchase a full coverage policy with comprehensive and collision coverage to pay for damages to your vehicle.

MoneyGeek found that Oklahoma's providers with the cheapest full coverage policy are:

• Mercury: $886 per year
• GEICO: $897 per year

Home State Insurance Group is the most expensive insurer in Oklahoma for full coverage, with an average annual premium of $1,709.

Your annual rate will increase if you add comprehensive and collision coverage to get full coverage instead of a minimum coverage policy. Mercury's full coverage insurance is $597 more expensive than its minimum coverage insurance.

The full coverage policy will financially protect you against both on and off-road incidents. On-road incidents include running into a tree or being involved in a hit-and-run; off-road incidents include damages from weather, fire, theft and more.

Your premium will be significantly impacted by how much insurance you need. The sample full coverage policy from MoneyGeek provides liability coverage of:

• $100,000 bodily injury per person
• $300,000 bodily injury per accident
• $100,000 property damage per accident

Drivers looking to save more can try lowering their liability limits, choosing minimum coverage insurance or raising the deductible. However, doing so increases the likelihood that you won't be adequately covered in case of an accident, leaving you financially vulnerable to a substantial loss.

Most car insurance providers typically provide online car insurance quotes. These estimates could take up to 15 minutes to complete and necessitate entering personal information. Furthermore, entering your information on various insurance websites takes additional time to compare rates.

MoneyGeek provides an auto insurance calculator so you can get a quick estimate without giving personal information to numerous insurers. Choose your age, gender and driving history to get started.

Allstate, GEICO and Progressive offer the cheapest options on average, depending on what age group you and your family belong to.

Teen drivers covered by a parent's policy can find the least costly car insurance in Oklahoma from the following providers:

• Allstate: $1,948 per year for male teens and $1,833 per year for female teens
• Progressive: $2,296 per year for male teens; State Farm: $1,866 per year for female teens

Farmers charges the highest rate for adding teen drivers to a parent's policy, at an average of $2,753 per year for boys and $2,598 for girls.

These premiums are for a 16-year-old covered by their parent's insurance. It usually costs much less to add a teen to your insurance than for them to have their own policy. In most cases, it is illegal for a teen under 18 to purchase auto insurance. They must have a parent or guardian as a co-signer.

If a 16-year-old Oklahoman purchases their own coverage, they spend an average of $6,344 a year instead of $2,391 if their parents add them to an existing policy — a significant difference of $3,953.

Teenagers across the U.S. tend to have declining car insurance premiums as they age, with 19-year-olds getting the most affordable rates. In Oklahoma, Allstate offers the cheapest rates for 19-year-old males ($1,714 per year).

Many insurance companies, including State Farm, Farmers, Allstate and Progressive, give discounts to distant and good students. However, only GEICO offers a good student discount for teen drivers.

The following companies offer the cheapest auto insurance rates for young adults in Oklahoma:

• GEICO: $1,084 per year
• Mercury: $1,183 per year

With an average yearly premium of $2,036, Oklahoma Farm Bureau offers young adults the most expensive car insurance policy in Oklahoma. Meanwhile, 25-year-old drivers in Oklahoma pay about $328 more than 40-year-olds for their insurance coverage.

For seniors in Oklahoma, the following insurance providers offer the lowest rates:

• Progressive: $876 per year
• GEICO: $939 per year

Home State Insurance Group provides the most expensive auto insurance for seniors in Oklahoma, costing an average of $1,759 annually.

Drivers in their 60s typically pay $39 less per year for auto insurance than middle-aged drivers. As drivers enter their 70s and 80s, rates continue to rise.

Seniors in Oklahoma are eligible for specific discounts from Allstate, GEICO, Shelter, Mercury and Farmers. Because age is just one aspect that insurers consider when determining premiums, comparing providers is the most straightforward way to find affordable and competitive coverage.

Drivers with a history of traffic violations usually pay higher prices for auto insurance. State Farm offers the most affordable rates for Oklahoma drivers with tickets and at-fault accidents on their records. Progressive is the cheapest provider for those with DUIs, and Farmers is the most affordable provider for those with sports cars.

By enrolling in state-approved driving classes and regularly verifying your motor vehicle record for errors, you can raise your profile over time, resulting in better rates.

Mercury is the cheapest insurer for drivers with poor credit.

If you have a speeding ticket in Oklahoma, the cheapest companies for car insurance, on average, are:

• State Farm: $1,181 per year
• GEICO: $1,205 per year

Home State Ins Group has the most expensive rates for drivers with tickets, at approximately $1,780 per year.

On average, Oklahoma drivers with tickets pay up to $253 more for car insurance than those with a clean record.

For Oklahoma motorists with an at-fault collision on their records, these companies provide the cheapest full coverage auto insurance policies:

• State Farm: $1,265 per year
• Oklahoma Farm Bureau: $1,585 per year

Shelter imposes the highest average rate for drivers with a history of at-fault accidents at $2,188 annually.

According to our average rate estimates, being at fault in a car accident in Oklahoma might lead to a $564 increase in the yearly premium. Insurers also apply an at-fault accident ticket surcharge to your insurance bill for at least three years.

These are the least costly options for full coverage auto insurance in Oklahoma if you have a DUI on your record:

• Progressive: $1,108 per year
• Mercury: $1,123 per year

With a yearly premium averaging $2,388, Oklahoma Farm Bureau is the most costly insurer in Oklahoma for drivers with a DUI.

A DUI typically results in a $506 increase in your annual rate and stays on your driving record in Oklahoma for at least 10 years.

The following insurers in Oklahoma offer customers with poor credit the cheapest rates:

• Mercury: $1,230 per year
• GEICO: $1,425 per year

State Farm charges an average of $3,075 per year, the highest annual car insurance premium for people with bad credit in Oklahoma.

When determining your premium, insurers consider your credit-based insurance score. In Oklahoma, people with credit scores below 580 might end up paying an average of $654 more for auto insurance than those with scores over 750.

Because drivers with poor credit ratings are more prone to filing claims, most auto insurers raise insurance costs to guard against loss. Like many other states, Oklahoma permits insurers to consider your credit history when deciding rates.

Your insurance rate might go down if your credit score rises over time, but you might also look for insurers that provide discounts to help offset rate increases because of your credit.

The following insurance providers offer sports car drivers in Oklahoma the lowest rates:

• Farmers: $1,197 per year
• Progressive: $1,242 per year

Allstate is the most expensive provider of sports car insurance in the Sooner State, with an average annual premium of $1,391.

Sports cars are often more expensive to insure than typical cars because these vehicles have more expensive repair and replacement costs. For instance, sports car owners in Oklahoma pay an average of $91 more per year for auto insurance than Toyota Camry LE owners.

MoneyGeek used a Ford Mustang as its sample sports car in this study, but costs may differ depending on your particular car model. Sports, electric and luxury cars are generally more expensive to insure; otherwise, the model may not be a significant factor. However, this may not be true for all states.

USAA provides the most affordable car insurance in Oklahoma for veterans and active-duty service members, with an average annual rate of $753. Its services are available in every state and are tailored particularly for individuals who have a military background.

The city where you live is one of several variables that affect how much car insurance costs in Oklahoma. Drivers who reside in areas where theft, vandalism or accidents occur more frequently are more likely to make insurance claims and, therefore, pay higher premiums.

Our study shows that Norman has the most affordable full coverage car insurance in Oklahoma, offered by Mercury at $1,165 per year. Mercury also provides the cheapest option for the same policy in Tulsa, the most expensive city in Oklahoma, costing around $1,403 annually.

Use the table to compare the average cost of auto insurance in Oklahoma cities.

In order to properly register their vehicle and operate it, drivers in Oklahoma must present proof of their financial stability. This is usually in the form of insurance, which can be demonstrated by a certificate of insurance or an insurance card. Oklahoma mandates property damage liability and bodily injury liability coverages.

State laws require minimum liability limits to drive legally, although this is probably insufficient coverage in the event of an accident. In Oklahoma, the required minimum liability coverage covers both property damage protection and bodily injury protection. MoneyGeek advises buying as much liability coverage as you can afford for increased financial security.

In most states, drivers whose licenses have been suspended or revoked due to DUIs/DWIs, driving violations or operating a vehicle without insurance must submit an SR-22 insurance form. However, Oklahoma has no such requirement.

For greater financial security, MoneyGeek suggests getting bodily injury liability insurance with minimum levels of $100,000 per person and $300,000 per accident and increasing the property damage coverage to $100,000. Comprehensive and collision insurance might be required if you finance the purchase of your vehicle or lease it.

Comprehensive insurance will cover any required repairs or replacements if your vehicle sustains damage in an off-road incident, such as theft, fire, vandalism or weather-related incidents. Collision coverage will pay to repair or replace your car if it is damaged in an on-road accident, either with another vehicle or an inanimate object like a telephone pole or a tree.

Even though it’s not required, MoneyGeek advises those with expensive cars to obtain comprehensive and collision insurance.

A car insurance alternative in Oklahoma is for drivers to post a $75,000 bond to the Oklahoma Department of Public Safety for each vehicle they register, demonstrating their financial responsibility.

The Oklahoma Automobile Insurance Plan can help high-risk drivers who are unable to obtain auto insurance or a bond by calling 866-667-2827 or 405-842-0844.

Car insurance shoppers frequently have concerns about both price and quality. To help with that, here are some of the most frequently asked questions about finding the cheapest insurance for different driver profiles in Oklahoma.