Cheapest Car Insurance Companies in Tulsa, OK (2023 Rates)
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The cheapest auto insurance company in Tulsa depends on driving profile and needs.
State Farm is the cheapest for young adults, seniors, a full coverage or state-minimum policy, with a speeding ticket, at-fault accident or DUI and sports car drivers.
Allstate is the cheapest for teens, USAA for military members and Mercury with bad credit.
Those wanting to balance affordability and service should consider MoneyGeek's analysis of the best car insurance companies in Tulsa.
Cheapest Car Insurance in Tulsa, OK
Cheapest Minimum Coverage Car Insurance in Tulsa
The average cheapest car insurance companies for a minimum coverage policy in Tulsa are:
- State Farm: $320 per year
- Progressive: $329 per year
On the other hand, the most expensive insurer in the city for minimum coverage is Home State Ins Group, charging an average of $715 per year.
State Farm is also the cheapest car insurance provider in Oklahoma as of October 2022, with an average rate of $233 across the state for minimum coverage. That shows how location can affect insurance costs since the company charges much more in Tulsa than its statewide average.
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A minimum coverage policy only follows the state’s liability limit requirements. In Tulsa, drivers are required to have 25/50/25:
- $25,000 in bodily injury liability per person
- $50,000 in bodily injury liability per accident
- $25,000 in property damage liability per accident
With these limits, your insurer will only cover up to $50,000 for any third-party injuries in a single accident, with a maximum of $25,000 per person. So, if the other driver sustains injuries totaling $40,000, your insurer pays $25,000, and you must pay the remaining $15,000.
Cheapest Full Coverage Car Insurance in Tulsa
For a full coverage policy, the most affordable car insurance companies in Tulsa, on average, are:
- State Farm: $776 per year
- Mercury: $888 per year
In Tulsa, Home State Ins Group's full coverage policy averages $1,606 per year, making it the most expensive for full coverage.
As of October 2022, the cheapest full coverage auto insurance in Oklahoma can also be found with State Farm, with an average cost of $718 per year, which is less than what the company charges in Tulsa. Location does affect the cost of car insurance.
Full coverage offers more financial protection, as it includes comprehensive and collision coverage.
- Collision insurance: It pays for damages to your vehicle when in an at-fault accident with another vehicle or object.
- Comprehensive insurance: It pays for damages to your vehicle by something other than a collision, such as theft, vandalism, fire, natural disasters or animals.
Full coverage may not be a worthwhile purchase for older vehicles with low market values, as the repair or replacement costs may not justify the higher premium.
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Cheaper insurers could pocket you hundreds of dollars per year.
Cheapest Car Insurance in Tulsa After a Driving Offense
In Tulsa, the average cheapest car insurance companies for drivers with a driving violation and full coverage are:
- Speeding ticket: State Farm ($865 per year)
- At-fault accident: State Farm ($936 per year)
- DUI: State Farm ($865 per year)
A moving violation on your driving record can significantly impact your auto insurance premium, as insurers may view you as a high-risk driver. If you have a poor driving record, even the cheapest company's rate for you will not be as low as for a safe driver.
Generally, the more serious a violation, the higher the auto insurance rate. For instance, if you have a speeding ticket in Tulsa, a full coverage policy costs an average of $226 more per year. In contrast, if you have a DUI, your rate can rise by $481 a year on average.
Despite this, there are plenty of providers offering cheap car insurance for those with poor driving records, which is why you should compare quotes before buying a policy.
Cheapest Car Insurance in Tulsa for Teens and Their Families
On average, the most affordable car insurance companies in Tulsa for teen drivers on their family’s full coverage policy are:
- Allstate: $2,082 per year for female teens; $2,209 per year for male teens
- State Farm: $2,230 per year for female teens
- Progressive: $2,638 per year for male teens
For both male and female teens on a family policy, Farmers is the most expensive insurer in Tulsa for full coverage, costing an average of $3,128 per year for females and $3,320 per year for males.
Rates can vary based on gender. Teen males are often viewed as riskier to insure and more likely to get into accidents — which leads to a higher premium than females. The gender cost difference tends to diminish in early adulthood.
Generally, being on a family policy is the way to get the cheapest car insurance for teens. Plus, a teen under 18 usually cannot legally purchase car insurance without a parent or guardian as a co-signer.
If a teen does get their own policy with a co-signer, they pay a lot more than if they were on a family policy. Case in point, a full coverage family policy in Tulsa costs an average of $2,391 per year with a male teen included; the teen’s individual policy is roughly $3,953 more annually.
Cheapest Car Insurance in Tulsa for Military Drivers
For active-duty or veteran military members in Tulsa, the average cheapest military-affiliated car insurance for a full coverage policy is with the following:
- USAA: $630 per year
- State Farm: $776 per year
Both USAA and State Farm also offer the cheapest state-minimum policy in Tulsa for military families, with the rate averaging $236 per year for USAA and $320 annually for State Farm.
How to Compare Cheap Tulsa Car Insurance Quotes Online
Gathering car insurance quotes in Tulsa can be time-consuming — expect to take at least 15 minutes to enter your personal details with each provider.
Save time and quickly get a ballpark estimate from multiple companies using MoneyGeek's car insurance calculator. All you need to provide is your age, vehicle type, coverage level and driving record. That allows you to get an idea of what to expect in terms of insurance costs before committing to a policy.
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Cheapest Car Insurance in Tulsa for Young Adults
In Tulsa, on average, the most affordable car insurance providers for young adults looking for full coverage are:
- State Farm: $981 per year
- Allstate: $998 per year
Shelter is the most expensive insurer for young adults in Tulsa. On average, Shelter’s full coverage premium is $2,072 per year.
Because young drivers generally have less driving experience, they’re viewed as riskier to insure and pay more for auto insurance.
For instance, 40-year-olds in Tulsa pay an average of $1,115 annually for a full coverage policy, which is $294 less than the average cost for a 25-year-old driver ($1,409).
Cheapest Car Insurance in Tulsa for Seniors
Tulsa’s average cheapest car insurance companies for seniors looking for a full coverage policy are:
- State Farm: $701 per year
- Progressive: $913 per year
The most expensive provider of full coverage for seniors in Tulsa is Home State Ins Group, averaging $1,656 annually.
After 60, insurers may charge you more for auto insurance. That is because older adults and seniors are considered slightly riskier to insure due to health changes that can affect driving ability.
But in Tulsa, that is not the case for a 65-year-old. They pay around $1,063 a year for full coverage car insurance, roughly $52 less than the cost of a 40-year-old’s policy.
Cheapest Car Insurance in Tulsa for Poor Credit
Tulsa's average cheapest car insurance companies for drivers with poor credit and a full coverage policy are:
- Mercury: $1,224 per year
- Allstate: $1,262 per year
Shelter, on the other hand, costs an average of $2,280 a year for drivers with bad credit, making it the most expensive full coverage provider for them in Tulsa.
The cost of auto insurance in Tulsa may rise if you have a bad credit history since insurers may view you as a higher risk. Case in point, the average cost to insure a driver with poor credit and full coverage is $1,666 per year, which is around $550 or 49% more than the average cost for a driver with good credit.
A lower credit score or credit-based insurance score can lead to a higher auto insurance rate, as insurers have observed that those with poor credit are more prone to filing claims.
However, drivers with poor credit can take several steps to reduce their insurance costs, such as getting discounts, bundling policies and comparing quotes from different insurance providers. Additionally, over time, you can improve your credit score to potentially qualify for a better insurance rate. One smart move to make is to pay your bills on time each month.
Cheapest Car Insurance in Tulsa for Sports Cars
The average cheapest car insurance for drivers with sports cars in Tulsa looking for full coverage is with the following:
- State Farm: $942 per year
- Allstate: $962 per year
If you have a sports car in Tulsa, Progressive is the most expensive insurer; its full coverage policy costs an average of $1,319 per year.
Sports cars may be more likely to be stolen or vandalized, so they might come with a higher insurance rate — but this isn’t always the case. For example, the average cost of a full coverage policy for a standard Toyota Camry is $1,115 per year in Tulsa, which is $9 more than the average cost to insure a Ford Mustang ($1,106).
MoneyGeek used a Ford Mustang to represent a sports car, but your insurance pricing can vary because of your car’s make and model. Generally, luxury, electric and sports cars are the most expensive to insure. However, in Tulsa, it costs less on average to insure a Ford Mustang sports car than a standard Toyota Camry.
Average Cost of Car Insurance in Tulsa
In Tulsa, the average cost of a full coverage auto insurance policy with 100/300/100 liability limits is $1,115 per year. That is around $75 more than the average cost of auto insurance across Oklahoma. However, compared to the national average cost of auto insurance, which is $1,265 per year, Tulsa drivers pay $150 less.
The city you live in plays a role in how much your insurance will cost, as insurers also use environmental factors to determine premiums. For instance, drivers in Broken Arrow and Norman pay around $82 less per year for insurance compared to those in Tulsa.
About Mark Fitzpatrick