When determining rates for the best car insurance in Oklahoma, insurers consider various personalized factors. These may include age, driving record, location and coverage level. To find a suitable policy with affordable rates, you can compare multiple personalized quotes. To help you with your search, MoneyGeek ranked the top carriers in Oklahoma based on affordability, financial strength, customer service and more. When you compare car insurance costs from some of the most popular companies in Oklahoma, you could save up to $1,407.
The Best Cheap Car Insurance in Oklahoma for 2021
The Cheapest and Best 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 options for minimum coverage are:
- USAA: $373 per year (only available to current and former military members)
- GEICO: $401 per year
Based on average rates, MetLife offers the most expensive car insurance for minimum coverage at $852 per year.
Average Cost for Minimun Liability Coverage
The prices indicated above are based on average rates and should only be used as a guide for comparing costs of insurance policies between insurers.
These prices are only estimates based on rates for an average Oklahoma driver and should not be used to compare insurance prices.
Getting a minimum coveragepolicy in Oklahoma only includes bodily injury and property damage liability insurance. Drivers who want to have additional protection against expenses needed to take care of their own vehicle after an accident should consider a full coverage policy with higher liability limits.
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 quotes from different car insurance companies to find the best deal.
Among car insurance companies in Oklahoma, the cheapest options for full coverage are:
- GEICO: $774 per year
- USAA: $827 per year (for military members only)
MetLife offers the most expensive car insurance for full coverage, with an average annual rate costing $2,181.
Average Comprehensive and Collision Rates 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.
The Best Car Insurance Companies in Oklahoma for 2021
MoneyGeek’s study show that the best car insurance companies in Oklahoma for most drivers are:
- Best Overall: GEICO
- Runner-up: Allstate
USAA received the highest score in Oklahoma by MoneyGeek's rating system. However, because USAA is only available to military members, veterans and their families, it is not listed as best overall.
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.
USAA ranks best in Oklahoma based on its perfect ratings for user satisfaction, affordability and claims experience. However, USAA policies are only available for current and former military members.
USAA is consistently among the car insurance companies offering the most affordable options across the country. That includes Oklahoma. Additionally, the company also offers various rewards to its loyal clients. For instance, you can get a discount if your parents had USAA policies as well or if you garage your car on base.Read MoneyGeek's USAA auto Insurance Review
GEICO is the runner-up in Oklahoma based on its high ratings across categories. If you do not qualify for a USAA policy, GEICO may be the best option.
Convenience is GEICO’s strong suit. The insurer has a mobile app that allows policyholders to track their policies and file claims easily. Drivers interested in a GEICO policy can also get a rate using its online quote tool, where policyholders can also adjust their coverages without hassle.Read MoneyGeek's GEICO auto Insurance Review
While USAA scores highly in many areas, this provider is only available to military members, veterans and their families.
List of the Largest Insurance Companies in Oklahoma
Based on market share in Oklahoma, the largest car insurance providers are State Farm, Farmers and Progressive. Market share is calculated by the number of premiums an insurance carrier has written divided by the total number of premiums written in the state. Larger companies tend to have higher levels of financial stability, which means they can almost certainly reimburse legitimate claims.
- CompanyMarket Share
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 compare quotes by entering your ZIP code below or checking 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 USAA., GEICO and State Farm. You can begin your search for an insurance policy by getting personalized quotes from these companies.
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
If you have a serious violation in your driving history, such as a DUI, insurers will charge you higher rates. In Oklahoma, drivers with a DUI pay an average of $2,025 per year. Those who have clean records pay an average of $1,299 per year.
The car insurance companies offering the cheapest options for Oklahoma drivers with a DUI and full coverage are:
- State Farm: $1,145 per year
- Farmers: $1,388 per year
In comparison, GEICO and USAA are the most affordable options for an Oklahoma driver with a clean driving history.
Average Car Insurance Rates With a DUI
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 above.
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.
Any violation, even minor ones like tickets, will increase car insurance rates in Oklahoma. For example, the average annual rate for drivers with a speeding ticket is $1,657. That is $358 more than the average rate for drivers with a clean record.
The cheapest car insurance companies for Oklahoma drivers with speeding tickets and full coverage are:
- GEICO: $969 per year
- USAA: $1,028 per year (only for military personnel)
Based on average rates, GEICO and USAA offer the most affordable premiums for a full coverage policy for drivers with clean records and those who have speeding tickets.
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.
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 $2,165 annually. Those with healthy credit scores pay only $1,299 per year.
The cheapest car insurance companies in Oklahoma for those with poor credit and full coverage are:
- GEICO: $1,120 per year
- USAA: $1,423 per year (only for members of the military)
GEICO and USAA are also the most affordable options for drivers with good credit scores.
Average Car Insurance Rates 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 above table.
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.
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 $1,344, which is $45 more than the premium for an average driver.
If you are a senior driver in Oklahoma with a full coverage policy, your cheapest options are:
- USAA: $898 per year (only for military members)
- State Farm: $1,027 per year
To compare, GEICO and USAA have the cheapest rates for an average driver.
Average Car Insurance Rates 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 above looks at average quotes for those aged 65 and above.
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.
Young student drivers in Oklahoma are often charged more than adult drivers due to their inexperience and risk. The average annual car insurance rate for students in Oklahoma is $2,276. A 40-year-old driver typically pays $1,299 per year.
The car insurance companies with the most affordable rates in Oklahoma for students with full coverage are:
- Allstate: $1,958 per year
- Progressive: $2,244 per year
In comparison, GEICO and USAA offer the lowest rates for adult drivers.
Average Car Insurance Rates for Students
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 above.
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
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.
Average Insurance Rate by City in Oklahoma
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.
- NOLO. "DUI Laws by State." Accessed March 16, 2020.
- Oklahoma Department of Public Safety. "Points System." Accessed March 16, 2020.