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Are you looking for cheap auto insurance in Oklahoma City, OK? At AutoInsuranceEZ.com, you will discover the most affordable insurance premiums where you live. To receive free car insurance estimates offered by the top providers right now, input your local zipcode within the quote box in this article.

Oklahoma City is both the state capital and the largest city within the state. While it might not have the highest population out of all the other major US cities, it does possess one of the largest land areas in the country. The city also enjoys a moderate sunbelt climate and a relatively low unemployment rate.

  • Fun fact: do you like wide open spaces? Because Oklahoma City is #9 on the list of “Top 100 cities with largest land areas”. Read up on Oklahoma City by clicking here.

Auto Insurance Coverage Requirements in Oklahoma

Driving legally in Oklahoma requires:

Coverage Requirements Most Common
Bodily Injury Liability 25,000/50,000 25,000/50,000
Property Damage Liability 25,000 25,000
Uninsured Motorist Bodily Injury Not required 25,000/50,000
Medical Payments Not required 2,000
Collision Not required 500 deductible
Comprehensive Not required 500 deductible

Remember that Liability coverage only pays out on claims if the incident in question was something you caused (or found liable for). For any other situation, you will be financially responsible for your vehicle. And if you are currently financing your automobile, your lender may require additional coverage regardless of legal minimums.

Oklahoma insurance averages can be a little high – some studies show that the average driver is paying somewhere around $131 per month for basic coverage. However, you can get covered in Oklahoma City for as little as $39/mo* while still maintaining good coverage on your vehicle. We have more information on our Oklahoma car insurance web page.

Average Monthly Auto Insurance Premiums Legend: Oklahoma City Oklahoma Farmers Union State Farm OK Farm Bureau Mercury Allstate 5 10 15 20 25 30 35 40 45 50 55 60 65 70 $39 $39 $67 $57 $74

 

As you can see, State Farm and Oklahoma Farmers Union have some of the lowest rates around the city. But insurance isn’t all about premiums. Customer service is important, as well as the claims filing process. Make sure you do your research and find the company that’s right for you.

Auto insurance providers contemplate several elements when figuring out quotes, such as marital status, where you live, occupation, miles driven each year, and multiple cars and drivers. Also keep in mind that premiums could vary from provider to provider. To find out if you are still paying the cheapest fee, do a comparison of cheap Oklahoma City auto insurance rates via the internet.

Major Car Insurance Factors in Oklahoma City

At the time your car insurance company prepares to craft your policy, they take numerous aspects into consideration. A few of these, like your car’s make/model or maybe your exact location, are usually not possible to vary. A few additional factors are:

  • Your Zip Code

Budget friendly car insurance is usually associated with cities with a lower population density. Since there are less cars traveling the road, there are a lesser number of chances to get into a significant car accident with another individual. The population of Oklahoma City is in fact 610,613 and also the common family earnings are $46,232.

Auto Insurance by Zip Code Legend: Oklahoma City Broken Arrow Tulsa Norman Lawton Oklahoma Farmers Union State Farm OK Farm Bureau Mercury Allstate 5 10 15 20 25 30 35 40 45 50 55 60 65 70 75 $39 $36 $40 $29 $24 $39 $44 $44 $39 $34 $67 $66 $76 $67 $54 $57 $59 $62 $56 $45 $74 $69 $76 $65 $55

 

  • Automotive Accidents

Oklahoma City has a higher per capita accident fatality rate than other cities in the country with a similarly-sized population. These alarming statistics may end up raising your insurance premiums. Talk to your local agent, and see if there are Safe Driver discounts available near you.

Fatal Accidents in Oklahoma City, OK Legend: Oklahoma City Fatal accident count Vehicles involved in fatal crashes Fatal crashes involving drunk persons Fatalities Persons involved in fatal crashes Pedestrians involved in fatal accidents 15 30 45 60 75 90 105 120 135 150 74 120 19 77 157 21

 

  • Auto Thefts in Oklahoma City

Auto theft is a significant problem, specifically in highly populated cities. If your location and/or vehicle model put you at a higher risk for theft, you may have issues obtaining low-cost car insurance. The total number of stolen automobiles in Oklahoma City was 4,076 for the year 2013. And if you want to make sure your insurance company will cover you in the event of a theft, then you need to be carrying Comprehensive coverage.

Basic vs. Comprehensive Auto Policy Legend: Basic Coverage Comprehensive Coverage Oklahoma Farmers Union State Farm OK Farm Bureau Mercury Allstate 15 30 45 60 75 90 105 120 135 150 165 180 $39 $121 $39 $102 $67 $184 $57 $112 $74 $155

 

  • Your Credit Score

It’s hard to make sure you have a good credit score – regardless, automotive insurance companies still use this metric as a way to determine what to charge you each month for your coverage. And, as you can see, it can make a big difference.

Auto Insurance by Credit Score Legend: Excellent Credit Poor Credit Oklahoma Farmers Union State Farm OK Farm Bureau Mercury Allstate 10 20 30 40 50 60 70 80 90 100 $34 $69 $33 $62 $50 $70 $52 $76 $68 $100

 

  • Your Age

In the market to insure a teenage driver? Well, we have some bad news, and some good news. The bad news is that teenage drivers are the most expensive drivers to insure (on account of their lack of driving experience and increased accident risk). The good news is that there are discounts specifically for teenagers – such as “Good Student” and Driver’s Ed discounts – which can help alleviate the financial burden.

Auto Policy Age Comparison Legend: 34 Year Old 17 Year Old Oklahoma Farmers Union State Farm OK Farm Bureau Mercury Allstate 50 100 150 200 250 300 350 $39 $125 $39 $148 $67 $256 $57 $379 $74 $193

 

  • Your Driving Record

If you can keep a clean driving record, you can secure the lowest possible rate on your automotive insurance policy. Unfortunately, the more violations you add to your record, the more expensive your insurance will become. You may even lose your coverage completely depending on your provider, and the severity of the violations.

Driving Violations Legend: Perfect Record Minor Speeding Ticket DUI/Reckless Driving Major At-Fault Accident Oklahoma Farmers Union State Farm OK Farm Bureau Mercury Allstate 20 40 60 80 100 120 140 160 $39 $52 Do Not Sell $70 $39 $42 $42 $45 $67 $84 $160 $88 $57 $71 $67 $82 $74 $78 $90 $95

 

  • Your Vehicle

If you have a common, inexpensive car, it will be much easier to fix or replace should the worst happen than an expensive, luxury vehicle. And an inexpensive car doesn’t require an extensive, comprehensive insurance policy.

Car Insurance by Make/Model Legend: 2015 Honda Accord 2012 Porsche Boxster Spyder Oklahoma Farmers Union State Farm OK Farm Bureau Mercury Allstate 20 40 60 80 100 120 140 160 180 $39 $131 $39 $127 $67 $181 $57 $177 $74 $194

 

Minor Car Insurance Factors in Oklahoma City

Of course, the following factors will have their own influence on how much you pay each month:

  • Your Marital Status

It’s not that being married makes you more or less likely to get into an accident, statistically speaking. However, insurance companies love it when you bundle policies together. Spouses are in a great position to save by giving their insurance company what they want and bundling their policies. You can even bundle homeowners, renters, or other forms of insurance (as long as all policies are offered by your insurer).

  • Your Gender

Did you ever really believe that there was a significant difference between one gender or another when it came to driving? Well, as it turns out, neither do most insurance companies these days. Several providers charge the same premium, if the only real difference is gender. Others may charge 2-3% more for one gender over another, and it isn’t always the gender you think it is.

  • Your Driving Distance to Work

It might take anywhere from 12 to 24 minutes to get around in Oklahoma City, although longer commute times of 25 minutes and higher are fairly common. More than 80% of residents will travel via their own automobile alone, while 12-23% may carpool.

If you can help it, try to avoid registering your car as a business vehicle. On average, those vehicles get charged 10-12% higher rates than vehicles driven for work, school, or even recreationally. Also, yearly mileage is a fairly negligible factor – whether your drive above or below the national average, you may only see a 2-3% fluctuation in your rate.

  • Your Coverage and Deductibles

If you want to add coverage to your policy but still receive a discounted rate, try raising your deductible. In the event that the worst happens, your out of pocket expenses will be higher, but the lower monthly premiums should help you save up for a rainy day.

  • Education in Oklahoma City, OK

More than 26% of Oklahoma City residents have successfully completed all four years of high school to earn their diploma (or similar equivalent). Additionally, 18% of the population has yet to finish high school. But did you know that staying in school – and expanding upon your education – can yield huge discounts on car insurance? It’s true!

Just under a score of four-year universities and community colleges offer Oklahoma City residents opportunities to enhance their level of education. The University of Oklahoma has a satellite campus in Oklahoma City, as does OSU (Oklahoma State University). For an associate’s degree or other specialized education, many local residents turn to Oklahoma City Community College.

Regrettably for the majority of insurance agencies, a simple online search can uncover quite a few of their business tricks. But even using the proper advice, it could still be challenging for anyone as an individual to figure out your current risk user profile and get low-cost insurance. Make sure you perform your due diligence before you commit to your upcoming car insurance policy.

How We Conducted Our Car Insurance Analysis

*We calculated our average rate based on the following metrics: a married, 34 year old male with good credit, a 12-month history of maintaining auto insurance, a clean driving record, who owns his own home. Miles driven annually were based on the national average. The average rate was also calculated based on a financed 2015 Honda Accord with a pre-installed anti-theft device.

Sources:

Oklahoma Insurance Department

Oklahoma Office of Management and Enterprise Services

Department of Highway Safety and Motor Vehicles

City-Data.com

Census.gov

Willing to compare rates? See how much you’ll save!

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