UPDATED: MARCH 15, 2023 | 3 MIN READ
Oklahoma car insurance runs higher than the national average. Several factors contribute to the expensive costs of coverage, including unpredictable weather, the level of uninsured drivers, and car accidents. Read on to learn more about auto insurance in Oklahoma.
Best Oklahoma Car Insurance Companies
Five insurance companies offer the best rates for insurance coverage depending on what you value the most. These are the best six insurers:
- Geico
- Farmers
- Oklahoma Farm Bureau
- Shelter Mutual
- USAA
- State Farm
Cheapest Oklahoma Car Insurance Company
With a rate of coverage at $963, USAA offers the lowest rates of car insurance in Oklahoma. However, you need to have a military affiliation to qualify for USAA.
Geico offers the next best price at $1,069 for the average yearly premium. Geico has the best low rates for auto insurance in Oklahoma. Other reasons Geico is a good option include its excellent customer feedback rates and the many discounts available for vehicle safety features and seat belt use. Another reason for considering Geico is its use of digital tools.
Oklahoma Car Insurance Company With the Best Customer Service
Shelter Mutual Insurance is the best option for coverage if you’re looking for one with the best customer rating for its service. Its high customer satisfaction rate impacts the premiums offered, which are considered to be high. However, they have several coverage options, and if you have a breakdown, they provide excellent roadside assistance, and a new car replacement is included in all coverage policies.
Oklahoma Car Insurance With the Best Premium-Reducing Programs
State Farm offers the best policies for those looking to bundle insurance coverage. They provide good premium-reducing options for bundling home and auto insurance. State Farm has the lowest rates due to its bundle discounts and customer service rate, especially for home insurance coverage.
Oklahoma Car Insurance Company With the Discounts
Farmer’s insurance offers the best and most discounts. It provides discounts in several ways that encourage good driving and allow homeowners to pool their insurance coverage policies together. Farmer’s insurance offers the following discounts:
- Good payer
- Safe driver
- Multi-line
- Multi-car
- Affinity member
- Paperless billing
- Young driver discounts
- Shared family car
- Mature driver
- Homeowner
- Autopay
- Paid in full
- Having vehicle safety features installed
Local and Regional Auto Insurance Companies in Oklahoma
American Farmers and Ranchers
American Farmers and Ranchers (AFR) daily protection for drivers made it one of the most trusted insurers in Oklahoma for over 100 years. Today the vehicles they insure have the best protection against expensive repairs and medical bills.
Coverages from the AFR include bodily injury and property damage liability, collision, comprehensive, uninsured motorist, medical payments, and transportation expense.
If you get into an accident in Oklahoma City or anywhere else, enjoy complete protection with AFR. Applicable discounts include savings for good students, safe drivers, new policyholders without casualties, and paid-in-full premiums.
Oklahoma Farm Bureau
With offices in every office in Oklahoma, Oklahoma Farm Bureau (OKFB) is poised to offer the best insurance to Oklahoma drivers. The company began with farmer’s insurance and today provides a variety of insurance products for all state residents.
Their coverage options meet the needs of Oklahoma drivers with great packages in liability, collision, comprehensive, medical, uninsured motorist, and roadside assistance. OKFB also helps customers save money with discounts for defensive driving, academic excellence savings, and multiple vehicles.
Home State Insurance Group
Home State Insurance Group and its subsidiary Equity Insurance offer car insurance for Oklahoman drivers with unique needs.
With no credit score, low down payments, and flexible payment options, Equity makes it easy to get the auto insurance policy you need.
The company insures drivers with foreign licenses and those with poor driving records, all at affordable rates. Liability and property damage coverages as well.
Oklahoma Insurance Demographics
The midwestern state of Oklahoma has 2.5 million drivers on average and a population of 4 million people. With the state experiencing severe weather yearly, driving accidents can occur more frequently due to heavy snowfall and sleet. The Sooner State also experiences storms. This makes driving treacherous at times, which can impact Oklahoma auto insurance. In 2019, 584 crashes were fatal, and 640 people were killed.
- Crime Rates: There are, on average, 18,255 violent crimes and 107,705 property crimes in Oklahoma. You have a 1 in 217 chance of being a victim of a violent crime in the state.
- Average Household Income: The average income of people is $37,480. For men, it’s significantly more than for women. Men earn, on average, $44,694, while women earn, on average, $31,041.
- Median Age Range: The median age of the population is 36.7 years. For men, it’s 35.5, and for women, it’s 37.9 years.
- Education: Thirty-one percent of the population have a high school graduate education, while 23% have a college education.
Common Risk Factors In Oklahoma
Oklahoma’s car insurance risk factors are high property crime rates and severe weather conditions. The state experiences snow and sleet along with severe storms.
Auto Insurance Laws In Oklahoma
It’s mandatory to have auto insurance in Oklahoma. Premiums may vary depending on age, driving record, and where you live, but it’s mandatory to have a minimum level of coverage.
What are the minimum car insurance requirements in Oklahoma?
Like other states, the 25-50-25 rule applies to the minimum level of coverage. This translates to coverage that covers bodily injury of up to
$25,000 per person,$50,000 per accident, and up to $25,000 for property damage caused in a collision.
Am I required to carry uninsured motorist coverage in Oklahoma?
Oklahoma is one of a few states that doesn’t require this. Motorists can reject this by stating so in writing. However, insurance carriers must offer the minimum level of coverage for bodily damage in an accident of $25,000 per person.
Oklahoma SR-22 policies
Oklahoma is one of the few states that does not require drivers to provide an SR-22 form. After your conviction for a serious driving offense, a driver must provide a document stating that they have the proper car insurance in Oklahoma for their driving requirements. While you don’t need an SR-22, you may need an FR-19 which the insurance carrier fills out and submits to the DMV on your behalf.
Is Oklahoma a no-fault state?
Oklahoma is an at-fault state. The driver who caused the collision is responsible for the medical bills and damage or loss of property. The state is also a
comparative negligence state. What this means is that any damages recovered can depend on the level of responsibility you had for the accident.
What happens if my vehicle isn’t properly insured in Oklahoma?
Oklahoma car insurance laws state that many things happen to drivers who don’t have insurance or don’t have the correct level of coverage. They include:
- Suspension of a driver’s license
- Up to 30 days in prison
- Up to $250 in fines
Does Oklahoma accept digital insurance cards?
Oklahoma is one of many states that accept digital insurance cards. Most carriers provide this as an option to motorists. The paper version is also acceptable.
How Much Does Car Insurance In Oklahoma Cost
The cost of auto insurance in Oklahoma depends on many factors, not just your ZIP code. For minimum coverage, expect to pay $423 annually. For minimum coverage, it’s $1,873 for full coverage. Demographics, the type of car, driving history, and any violations also play a huge part in the cost of premiums.
Average Cost of Car Insurance By City
Oklahoma City drivers can expect to pay some of the highest rates. Those living in Tulsa pay the highest average cost of car insurance at a price of $2,110.
| City | Average Oklahoma Car Insurance Cost |
|---|---|
| Broken Arrow | $2,010 |
| Lawton | $1,765 |
| Norman | $1,910 |
| Oklahoma City | $2,085 |
| Tulsa | $2,110 |
Average Cost of Car Insurance By Company
Safe Auto ranks the most expensive for a full annual premium, while GEICO offers the most competitive price.
| Car Insurance Company | Average Full-Coverage Premium (Annually) |
|---|---|
| Allstate | $2,300 |
| GEICO | $1,070 |
| Progressive | $1,345 |
| Safe Auto | $2,585 |
Average Cost of Car Insurance By Age
Being 18 and driving in Oklahoma is expensive. Auto insurance in Oklahoma for 18-year-olds is $5,495 for a year. Drivers aged 60 pay, on average, $1,695 per year.
| Age | Average Full-Coverage Premium (Annually) |
|---|---|
| Age 16 | $2,455 |
| Age 18 | $5,495 |
| Age 20 | $3,795 |
| Age 25 | $2,300 |
| Age 30 | $2,110 |
| Age 40 | $1,980 |
| Age 50 | $1,760 |
| Age 60 | $1,695 |
| Age 70 | $1,880 |
Average Cost of Car Insurance By Gender
Men and women pay almost similar prices. With just $15 in the difference, women pay slightly more than men.
| Gender | Average Full-Coverage Premium (Annually) |
|---|---|
| Male | $1,515 |
| Female | $1,530 |
Average Cost of Car Insurance By Credit Score
As expected, having a poor credit score greatly impacts the average price for auto insurance in Oklahoma. Drivers with poor credit ratings pay, on average, $4,630, while those with a great score pay significantly less, with average prices of $1,290.
| Credit Score | Average Premium (Annually) |
|---|---|
| Poor | $4,630 |
| Fair | $3,080 |
| Good | $2,170 |
| Very Good | $1,620 |
| Great | $1,290 |
Average Cost of Car Insurance In Oklahoma By Driving Record
A DUI is a costly driving offense to have if driving in Oklahoma. It will cost $2,810 to insure a vehicle with a DUI on your record.
| Driving Incident | Average Full-Coverage Premium (Annually) | % Increase In Average Full-Coverage Premium |
|---|---|---|
| Speeding Ticket | $2,245 | 18% |
| Accident | $2,550 | 39% |
| DUI | $2,810 | 51% |
What Optional Oklahoma Auto Insurance Coverages Should You Consider?
While drivers only need minimum liability coverage to be able to drive in the state, these are other coverages you can consider:
- Uninsured Motorist Bodily Injury (UMBI): This may be included in your policy. You can reject this in writing as the state law doesn’t require you to have it. However, UMBI covers medical expenses and any rehabilitation needed after an accident when an uninsured driver has hit you.
- Medical Payments (MedPay): MedPay covers any medical costs for injuries in an accident caused to you. It does this regardless of who is at fault.
- Physical Damage: This consists of two coverage elements, collision and comprehensive. This covers the costs of repairing a car, regardless of who caused the accident.
What Auto Insurance Discounts To Look For In Oklahoma
Oklahoma car insurance carriers offer a range of discounts to help reduce your premium. Look out for these when considering an insurance carrier:
- Good payer
- Safe driver
- Multi-car
- Affinity member
- Paperless billing
- Young driver discounts
- Shared family car
- Mature driver
- Homeowner
- Paid in full
- Having vehicle safety features installed
Oklahoma Car Insurance FAQs
What car insurance is required in Oklahoma?
Minimum liability is required in Oklahoma. Bodily injury liability coverage must be up to $25,000 per person and $50,000 per accident. Property damage liability coverage needs to be set at $25,000.
How much is car insurance a month in Oklahoma?
Minimum coverage can cost $29 per month or $351 per year.
Full coverage can cost $157 per month or $1,885 per year.
Do you have to carry proof of insurance in Oklahoma?
Yes. Oklahoma car insurance laws require you to carry proof of insurance while driving.
Does insurance follow the car or the driver in Oklahoma?
In Oklahoma, car insurance usually follows the car.
Can you get car insurance without a license in Oklahoma?
Drivers need a license to complete the transaction to get car insurance in Oklahoma. Without a valid license or license number, an insurance carrier can’t issue a policy.
Who has the cheapest auto insurance in Tulsa?
People in the Tulsa area pay an average of $2,110 per year for car insurance. However, you might find cheaper options from GEICO and Progressive. These companies have annual averages of $1,070 and $1,345, respectively.
How To Purchase Oklahoma Car Insurance
Ensure you purchase the right insurance coverage by following the minimum requirements for auto insurance in Oklahoma. Also, shop around and compare each carrier’s policies and discounts so you get a policy that’s a good fit for your needs.
