The Cheapest Car Insurance in Oklahoma (April 2023)

State Farm offers the cheapest full and minimum coverage car insurance in Oklahoma. Additionally, it is the cheapest insurer for the elderly, young adults, those who drive sports cars and those with prior traffic violations. Mercury is the most affordable option for drivers with poor credit.

Those who wish to strike a balance between affordability and quality of service should look for the best auto insurance in Oklahoma.

The cheapest auto insurance providers in Oklahoma for a minimum coverage policy are:

• State Farm: $233 per year
• Progressive: $243 per year

With an average annual premium of $634, Allstate is the most costly car insurance provider in the state for this coverage level.

Only bodily insurance liability (BIL) and property damage liability (PDL) are covered by the state's minimum auto insurance requirements.

Injuries or damages you cause to others are covered by a minimum coverage policy, but your own car is not covered. You should purchase a comprehensive and collision insurance policy, generally referred to as a full coverage policy, to pay for damages to your own vehicle.

MoneyGeek found that the following insurance companies in Oklahoma are the cheapest options for a full coverage policy:

• State Farm: $718 per year
• Mercury: $747 per year

The most expensive insurer in the state for full coverage is Home State Insurance Group, which charges around $1,363 annually.

Your annual rate will increase if you opt for comprehensive and collision coverage instead of a minimum policy. In the case of State Farm, full coverage insurance is $485 more expensive than minimum 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, whereas off-road incidents include damages from weather, theft and more.

Your premiums 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 who are looking to save more can try lowering their liability limits, choosing minimum coverage insurance or raising the deductible, although doing so increases the likelihood that an accident won't be adequately covered.

Car insurance providers typically provide a quote tool online, and it may take up to 15 minutes and necessitate entering personal information. Furthermore, it takes additional time to enter your information on various insurance websites in order to compare rates.

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

Teen drivers covered by a parent's policy can frequently 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

At an average of $2,753 per year for boys and $2,598 for girls, Farmers charges teenagers the highest rates in the state.

These premiums are for a 16-year-old who is covered by their parent's insurance. It normally costs much less to add a teen to your insurance than to purchase their own policy.

If a 16-year-old Oklahoman purchases his own coverage, they spend an average of $6,344 a year as opposed to $2,391 if their parents add them to an existing policy. It's 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, the insurer with the cheapest rates for 19-year-old males is Allstate ($1,714 per year).

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

The cheapest auto insurance rates for young adults in Oklahoma are offered by the following companies:

• State Farm: $888 per year
• GEICO: $971 per year

With an average yearly premium of $1,926, Shelter offers young adults the most expensive car insurance plan in the state.

Meanwhile, 25-year-old drivers in Oklahoma pay about $170 more than 40-year-olds for their insurance coverage with State Farm.

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

• State Farm: $629 per year
• Mercury: $838 per year

The most expensive auto insurance for seniors is provided by Home State and costs an average of $1,397 annually.

In the case of State Farm, we estimate that drivers in their 60s typically pay $89 less per year for auto insurance than middle-aged drivers. However, as drivers enter their 70s and 80s, rates typically rise.

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

State Farm offers the most affordable rates for drivers in Oklahoma who have tickets, at-fault accidents or DUIs on their records. Drivers with a history of traffic violations usually pay higher prices for auto insurance.

By enrolling in state-approved driving classes and regularly verifying your record for errors, you can raise your profile over time and receive better rates as a result.

For drivers who have received a speeding ticket in Oklahoma, the following auto insurance providers offer the most affordable full coverage policies:

• State Farm: $779 per year
• Mercury: $1,012 per year

With a yearly premium averaging $1,765, Shelter is the most expensive insurer in the state for this type of offender. A speeding ticket might cause your auto insurance rates to increase by an average of $229 in Oklahoma.

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

• State Farm: $834 per year
• Allstate: $1,379 per year

Shelter imposes the highest average rate for drivers with a history of at-fault accidents at $2,262 per year. According to our average rate estimates, having a car accident in Oklahoma might lead to a $506 increase in yearly premiums.

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

• State Farm: $779 per year
• Mercury: $942 per year

With a yearly premium for DUI drivers averaging $2,143, Oklahoma Farm Bureau is the most costly insurer in the state for this particular violator. A DUI typically results in a $452 increase in your annual rate in the state.

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

• Mercury: $1,034 per year
• GEICO: $1,275 per year

Shelter charges $2,142 per year on average, the highest annual car insurance premium for people with bad credit in the state.

When determining your premium, insurers heavily weigh your credit score. In Oklahoma, people with credit scores below 580 may wind up paying an average of $553 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 businesses to take your credit score into account when deciding rates.

Your insurance rate may go down if your credit score rises over time, but you may 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:

• State Farm: $863 per year
• Farmers: $994 per year

Progressive is the most expensive provider of sports car insurance in this state, with an average annual premium of $1,495.

Sports car insurance is frequently more expensive to insure than typical auto insurance because these vehicles have more expensive repair and replacement costs. For instance, sports car owners in Oklahoma pay an average of $85 more per year for auto insurance than Toyota Camry LE owners do.

For the aforementioned prices, MoneyGeek used a Ford Mustang, but the make and model of the automobile can have a significant impact on insurance costs. Insurance premiums for electric, luxury and sports cars are usually higher than those for other models.

With an average annual rate of $642, USAA provides the most affordable car insurance in Oklahoma for veterans and active-duty service members. Its services are available in every state and are tailored particularly for individuals who have a military background.

The city in which you reside 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 Tulsa has the most affordable car insurance in Oklahoma, offered by Mercury at $865 per year. Mercury is also the cheapest option in Oklahoma City ($908), Broken Arrow ($914) and Norman ($1,014).

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 in order 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 security.

Drivers whose licenses have been suspended or revoked due to convictions for DUI/DWI, driving violations or operating a vehicle without insurance must submit an SR-22 insurance form in most states. However, Oklahoma has no such requirement.

For further security, MoneyGeek suggests getting bodily injury liability insurance with minimum levels of $100,000 per person and $300,000 per accident, as well as increasing the property damage coverage to $100,000. Comprehensive and collision insurance may be required if you financed the purchase of your vehicle.

Comprehensive insurance will cover any required repairs or replacements if your vehicle sustains damage in an off-road incident. Examples of these scenarios include theft, vandalism and 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 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 state DMV 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.