Cheapest Car Insurance In Oklahoma For 2024

Looking for affordable car insurance in Oklahoma can feel like a challenge, but it doesn’t have to be. Progressive is a well-known insurance company with great prices and reliable coverage options. Whether you need minimum liability or full coverage, Progressive has policies to fit your needs. With the cost of living on the rise, finding the best value in car insurance is more important than ever.

Whether you’re a new driver, an experienced commuter, or a family looking to cut costs, knowing how insurance rates are determined and where to find the best deals can make all the difference. After over a decade of studying car insurance policies, I’ve broken down our research into a simple guide to help you through the process.

This guide covers the factors that impact insurance premiums and provides tips for finding affordable car insurance in Oklahoma without sacrificing coverage.

Cheapest Car Insurance In Oklahoma For Drivers With Poor Credit: Mercury

Mercury offers Oklahoma drivers with poor credit the lowest rates possible, with an average monthly premium of $105.

Insurers in Oklahoma use credit scores to assess the risk of insuring a driver, with lower scores typically leading to higher car insurance rates. Drivers with poor credit are seen as more likely to file claims, making them high-risk clients in the eyes of insurers. Although this can result in higher premiums, drivers with poor credit can still shop around for the best deals and take advantage of discounts to find more affordable insurance options.

Cheapest Full-Coverage Car Insurance In Oklahoma: Mercury

Oklahoma residents can benefit from Mercury affordable full coverage car insurance, with an average monthly rate of $70.

Full coverage car insurance in Oklahoma combines the required liability coverage with optional extras like collision and comprehensive insurance for broader protection. Collision insurance helps pay for repairs to your vehicle if it’s involved in an accident, no matter who is at fault. Comprehensive insurance covers damages from non-collision events, such as theft, vandalism, and natural disasters.

Full coverage provides extensive financial protection and peace of mind in case of unexpected events. It’s essential to carefully review your policy’s terms, limits, and deductibles to make sure it offers adequate protection.

Cheapest Liability-Only Insurance In Oklahoma: Progressive

Progressive offers the cheapest rates for liability-only car insurance in Oklahoma, with an average monthly fee of $32.

Drivers in Oklahoma must have a minimum amount of car insurance to legally operate their vehicles. This usually includes liability insurance, which is split into two categories: bodily injury liability and property damage liability. Bodily injury liability covers medical expenses, rehab, and legal fees if you’re at fault in an accident that injures someone else.

Property damage liability covers the cost of repairing or replacing another person’s vehicle or property if you cause damage. These minimum requirements are set by Oklahoma law and may change based on your vehicle and driving history. It’s essential to make sure you have adequate insurance coverage to comply with the law and protect yourself financially in case of an accident.

Cheapest Auto Insurance In Oklahoma For Seniors: Progressive

Seniors in Oklahoma can expect to pay around $72 per month with Progressive, the most affordable option available.

Seniors often enjoy more affordable car insurance rates due to their perceived safe driving habits and reduced mileage. Many insurance companies offer specific discounts to senior drivers, considering factors like how much they drive and whether they’ve completed a senior driving course. Defensive driving courses are a great way for seniors to refresh their skills, and many insurers offer additional savings for completing them.

Cheapest Oklahoma Car Insurance For Young Drivers

In Oklahoma, young adult drivers often benefit from more affordable car insurance rates than teenagers. This is because as they mature, they generally demonstrate safer driving behaviors, resulting in fewer accidents and insurance claims. Car Insurance companies adjust premiums accordingly, offering lower rates to young adults with better safety records.

Cheapest Rates For 16-Year-Olds: American Farmers & Ranchers

American Farmers & Ranchers boasts the lowest average monthly premium of $378 for sixteen-year-olds.

Cheapest Oklahoma Car Insurance For 17-Year-Olds: American Farmers & Ranchers

American Farmers & Ranchers stands out with the lowest insurance premiums for 17-year-olds, averaging at $319.

Cheapest Oklahoma Auto Insurance For 18-Year-Olds: American Farmers & Ranchers

American Farmers & Ranchers presents the most budget-friendly options for 18-year-olds, with an average monthly premium of $308.

Cheapest Oklahoma Car Insurance For 21-Year-Olds: USAA

21-year-olds can secure insurance with USAA for approximately $207 monthly, the lowest rate available.

Cheapest Auto Insurance In Oklahoma For Drivers With Prior Incidents

Drivers in Oklahoma who have experienced accidents, speeding tickets, or DUIs frequently face challenges in securing cost-effective car insurance. These incidents brand them as high-risk to insurers, leading to higher premiums to offset the expected rise in claims. This trend is particularly pronounced in Oklahoma due to its higher incidence of traffic incidents.

Insurers establish their pricing strategies based on statistical analyses that link previous driving incidents with an increased likelihood of future claims.

Cheapest Rates In Oklahoma For Drivers With A Speeding Ticket: State Farm

With average premiums at $105, State Farm offers the best deal for drivers who have received a speeding ticket.

Cheapest Oklahoma Rates  For Drivers With An At-Fault Accident: State Farm

State Farm offers the lowest average premiums at $112, a great option for drivers who have experienced at-fault accidents.

Cheapest Car Insurance In Oklahoma For Drivers After A DUI: Progressive

Progressive is known for its $173 average premiums, making it the top choice for drivers with a DUI.

Cheapest Oklahoma Car Insurance For Good Drivers: State Farm

Auto insurance prices for safe drivers in Oklahoma can fluctuate based on their driving history, age, and the type of coverage they seek. Typically, safe drivers with clean records may qualify for lower premiums because they represent less risk to insurers.

They may also be eligible for discounts for maintaining a good driving record over time. It’s advisable for safe drivers to compare quotes from multiple insurers to find the best rates and coverage options tailored to their preferences.

Average Cost Of Auto Insurance In Oklahoma – By Age

Average Rates In Oklahoma – By Gender & Marital Status

Average Auto Insurance Rates In Oklahoma – By Credit Tier

Cheapest Car Insurance Rates In Oklahoma – By City

Minimum Car Insurance Requirement In Oklahoma

Oklahoma drivers are required to carry liability insurance, with minimum coverage limits set at 25/50/25. This means $25,000 for bodily injury per person, $50,000 per accident, and $25,000 for property damage. The state also mandates Personal Injury Protection (PIP), which covers medical expenses and lost wages, regardless of fault. Drivers can opt for the Health Insurance Primary (HIP) option, which uses health insurance for medical coverage instead of PIP, but it’s important to check if your health insurance plan qualifies.

Car Insurance Discounts In Oklahoma

When looking for car insurance, exploring available discounts is essential. Your agent can also point out savings you might not be using. Common discounts include:

• Safe Driver Discount: Available for drivers with no accidents or traffic violations.
• Multi-Vehicle Discount: Savings for insuring more than one vehicle under a single policy.
• Bundling Discount: You can reduce costs by bundling car insurance with other policies.
• Good Student Discount: Students who maintain strong grades are often eligible for discounted premiums.
• Defensive Driving Discount: Completing a defensive driving course may qualify you for reduced rates.