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The Best Cheap Car Insurance Companies for Oklahoma Drivers in 2020

The majority of drivers choose from five top companies when looking for the cheapest car insurance in Oklahoma. The table below provides approximate costs from each of those companies, but you should note that individual factors can make these numbers look different for every person. Finding the most affordable car insurance in Oklahoma will take some time, but it’s worth it if you can save hundreds of dollars each year.

Company
Amount
1. State Farm
In 2020 State Farm ranked #1 in Oklahoma for the cheapest car insurance on average.
$1,215
per year
2. Allstate
In 2020 Allstate ranked #2 in Oklahoma for the cheapest car insurance on average.
$1,998
per year
3. Oklahoma Farm Bureau
In 2020 Oklahoma Farm Bureau ranked #3 in Oklahoma for the cheapest car insurance on average.
$2,527
per year
4. Farmers Ins Co 2.5
In 2020 Farmers Ins Co 2.5 ranked #4 in Oklahoma for the cheapest car insurance on average.
$2,721
per year
5. Progressive
In 2020 Progressive ranked #5 in Oklahoma for the cheapest car insurance on average.
$3,212
per year

Some of the factors that can affect the quote you receive include your age, gender, type of car, and driving history. While the averages given above may ring true for some, always ask for a personalized quote.

The Best Car Insurance Companies in Oklahoma for 2020

Picking car insurance can feel intimidating, especially when lots of companies are available in your area. MoneyGeek created a unique rating system based on findings from reputable outlets such as J.D. Power and AM Best. Each company is rated out of a possible 100 points, with factors affecting their score including customer satisfaction, affordability, financial strength, and number of claims.

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


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.

Company
Market Share
1. State Farm
23.97%
2. Farmers
10.99%
3. Progressive
10.63%
4. GEICO
7.71%
5. Allstate
7.26%
6. USAA
6.64%
7. Liberty Mutual
6.25%
8. Oklahoma Farm Bureau
3.84%
9. Shelter
3.50%
10. CSAA
3.32%

Cheapest Car Insurance for Drivers With a DUI in Oklahoma

Alcohol was involved in the deaths of 2,205 people in Oklahoma between 2003-2012, with the state showing higher rates of death by age and gender than the national averages. 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.

Company
Amount
1. State Farm
In 2020 State Farm ranked #1 in Oklahoma for the cheapest car insurance for dui.
$1,191
per year
2. Allstate
In 2020 Allstate ranked #2 in Oklahoma for the cheapest car insurance for dui.
$2,642
per year
3. Farmers Ins Co 2.5
In 2020 Farmers Ins Co 2.5 ranked #3 in Oklahoma for the cheapest car insurance for dui.
$3,796
per year
4. Progressive
In 2020 Progressive ranked #4 in Oklahoma for the cheapest car insurance for dui.
$3,828
per year
5. Oklahoma Farm Bureau
In 2020 Oklahoma Farm Bureau ranked #5 in Oklahoma for the cheapest car insurance for dui.
$7,030
per year

DUIs stay on driving records for 10 years and incur additional penalties through the DMV’s points-based system. Avoiding the costs of 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 for OK Speeding or Distracted Driving Tickets

Distracted driving was responsible for 603 deaths in Oklahoma during 2017. 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.

Company
Amount
1. State Farm
In 2020 State Farm ranked #1 in Oklahoma for the cheapest car insurance for distracted drivers.
$1,288
per year
2. Allstate
In 2020 Allstate ranked #2 in Oklahoma for the cheapest car insurance for distracted drivers.
$2,098
per year
3. Oklahoma Farm Bureau
In 2020 Oklahoma Farm Bureau ranked #3 in Oklahoma for the cheapest car insurance for distracted drivers.
$3,610
per year
4. Farmers Ins Co 2.5
In 2020 Farmers Ins Co 2.5 ranked #4 in Oklahoma for the cheapest car insurance for distracted drivers.
$3,772
per year
5. Progressive
In 2020 Progressive ranked #5 in Oklahoma for the cheapest car insurance for distracted drivers.
$4,353
per year

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 a lot more than higher car insurance, so keep your eyes on the road.

Cheapest Car Insurance Companies in OK 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 North Dakota 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.

Company
Amount
1. State Farm
In 2020 State Farm ranked #1 in Oklahoma for the cheapest car insurance for poor credit history drivers.
$1,190
per year
2. Allstate
In 2020 Allstate ranked #2 in Oklahoma for the cheapest car insurance for poor credit history drivers.
$2,057
per year
3. Oklahoma Farm Bureau
In 2020 Oklahoma Farm Bureau ranked #3 in Oklahoma for the cheapest car insurance for poor credit history drivers.
$2,347
per year
4. Farmers Ins Co 2.5
In 2020 Farmers Ins Co 2.5 ranked #4 in Oklahoma for the cheapest car insurance for poor credit history drivers.
$2,789
per year
5. Progressive
In 2020 Progressive ranked #5 in Oklahoma for the cheapest car insurance for poor credit history drivers.
$3,178
per year

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.

Company
Amount
1. State Farm
In 2020 State Farm ranked #1 in Oklahoma for the cheapest car insurance for seniors.
$1,210
per year
2. Oklahoma Farm Bureau
In 2020 Oklahoma Farm Bureau ranked #2 in Oklahoma for the cheapest car insurance for seniors.
$2,237
per year
3. Allstate
In 2020 Allstate ranked #3 in Oklahoma for the cheapest car insurance for seniors.
$2,350
per year
4. Farmers Ins Co 2.5
In 2020 Farmers Ins Co 2.5 ranked #4 in Oklahoma for the cheapest car insurance for seniors.
$3,118
per year
5. Progressive
In 2020 Progressive ranked #5 in Oklahoma for the cheapest car insurance for seniors.
$3,914
per year

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

Oklahoma Car Insurance: How Much a Teen Driver Will Cost You

Median annual price change for families with a teen driver on their policy:

$1,979 INCREASE

This is a difference of 106%.

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.

Company
Amount
1. State Farm
In 2020 State Farm ranked #1 in Oklahoma for the cheapest car insurance for students.
$3,218
per year
2. Allstate
In 2020 Allstate ranked #2 in Oklahoma for the cheapest car insurance for students.
$4,254
per year
3. Farmers Ins Co 2.5
In 2020 Farmers Ins Co 2.5 ranked #3 in Oklahoma for the cheapest car insurance for students.
$6,019
per year
4. Progressive
In 2020 Progressive ranked #4 in Oklahoma for the cheapest car insurance for students.
$6,067
per year
5. Oklahoma Farm Bureau
In 2020 Oklahoma Farm Bureau ranked #5 in Oklahoma for the cheapest car insurance for students.
$6,660
per year

Premium Comparison by Student Type

PREMIUM COMPARISON FOR TWO ADULTS + A 16-YEAR-OLD

car
Average premium for two 2014

Mustang GTs

$5,703
car
Average premium for two 2008

Town and Country Limiteds

$4,002
Annual benefits of minivans:$1,701 saved

This is 30% less expensive.

Cheaper premium for college vs. high school drivers

Median premium change with a college student vs. high school driver:

$675 DECREASE

This is a savings of 17%.

Potential discounts for teens in Oklahoma

Impact on annual premium with good student and defensive driving discounts:

coins
$256 SAVED

Oklahoma students: a long-distance discount

You may pay a smaller annual family premium if your child lives 150 miles or more away from home.

male
Average premium for a 19-year-old male
car

$4,221 at home

graduation

$3,920 at school

$301 IN SAVINGS

female
Average premium for a 19-year-old female
car

$3,557 at home

graduation

$3,358 at school

$199 IN SAVINGS

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.

Age savings for Oklahoma service members

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

$336 Saved
$254 Saved

Median auto insurance for service members: $1,318

Who Needs Car Insurance in Oklahoma?

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 the 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 hold 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.

Car Insurance Requirements in Oklahoma: How Much Coverage Do You Need?

What percentage of drivers in Oklahoma lack vehicle insurance?

25.9%

National average: 12.6%

Source:

Insurance Information Institute.

Although Oklahoma requires minimum liability coverage, you may need to buy other insurance as well. Collision and comprehensive coverage, which offers crash protection for the owner as well as damage for other reasons, is 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 100/300 - that is, $100,000 per injury and $300,000 per accident. Considering the high rate of uninsured drivers in Oklahoma, you may want to get uninsured motorist coverage as well, which would cover you if you're hit by someone without insurance.

For more on buying car insurance, see the MoneyGeek guide to car insurance.

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Sources