Cheap Car Insurance in Norman, OK
Free Auto Insurance Comparison
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UPDATED: Jul 19, 2021
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Norman, Oklahoma is the 3rd largest city within the state and is located approximately 20 miles south of the state capital. Like many metropolitan areas in Oklahoma, its origins can be traced back to the 1889 Land Run, when land was confiscated from the Native Americans and opened up for settlement by pioneers. Norman is also home to the University of Oklahoma.
- Fun fact: get ready to take notes, because Norman is #25 on the list of “Top 100 cities with highest percentage of college students (pop. 50,000+)”. Learn more about Norman here.
Auto Insurance Coverage Requirements in Oklahoma
Driving legally in Norman requires:
|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|
While purchasing the minimum legal requirement for auto coverage might seem like the better deal, beware the allure of a cheaper insurance policy with less coverage. With Liability coverage, for example, your insurer will only pay out claims if you are responsible for the accident or incident which damaged your vehicle. Should your car be damaged by any other means, you’re on your own.
Your average driver in Oklahoma is probably paying around $131 monthly for their auto insurance policy right now. But Norman drivers have the chance to drive legally for as low as $51/mo*! If you want to learn now to lower your rate, just visit our Oklahoma car insurance page.
The lowest rates in Athens come from providers such as Oklahoma Farmers Union and State Farm. But does a lower rate automatically make them the best company? There are other factors to consider, such as customer service and the claims filing process, before you decide which company gets your business.
Auto insurance providers consider many elements when determining quotes, like gender, driving violations, type of vehicle owned, years of driving experience, and theft protection devices. But remember, the premium you will have to pay varies by carrier. To make sure you’re still getting the best price, examine cheap Norman auto insurance prices online.
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Major Car Insurance Factors in Norman
Once your car insurance provider sits down to write your policy, they take many issues into consideration. A few of these, for instance credit history or perhaps your precise location, can be not possible to modify. Some additional components are:
Your Zip Code
Your auto insurance rates can vary based on where you live. In general, highly populated areas have higher car insurance rates as the additional amount of drivers on the streets increases the chance of a collision! The total population of Norman amounts to 118,197 plus the general household income amounts to $48,508.
Norman is a fairly safe place to drive, based on accident statistics. Most recent statistical data recorded only 14 traffic accident fatalities back in 2013. This is well below the national average, which means that insurance providers are much more likely to charge lower rates in the area.
Auto Thefts in Norman
Dwelling in a big city (Especially any with a significant rate of crime) raises your potential for becoming a victim of auto theft. In cases where your regular locality has substantial rates of claims for theft, you will probably spend much more for auto insurance to be able to counterbalance these costs. The complete number of thieved automobiles in Norman was 168 for the fiscal year 2013. Even though theft rates are low, that doesn’t mean you shouldn’t consider protecting yourself with Comprehensive coverage.
Your Credit Score
The secret is out: your credit score can have a serious influence on how expensive (or inexpensive) your monthly premiums will be. As demonstrated in the chart below, having poor credit can increase your rate between 100-200% or more, depending on your insurance company (As well as other factors).
The less experience you have behind the wheel, the more likely you are to get into an accident. Insurance companies have decades of data proving this unfortunate fact. And if you are more likely to get into an accident, your insurance company will protect itself against that risk by charging you higher rates, as you can see in the chart below.
Your Driving Record
A speeding ticket here, a fender-bender there, and they can really pile up when it comes to insurance premiums. Luckily, providers have started offering Accident Forgiveness discounts for drivers with one or more minor violations. However, this forgiveness policy is less likely to apply to serious violations, such as DUI or Reckless Driving.
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.
Minor Car Insurance Factors in Norman
Below are some minor factors that might be harder to alter, or might not make as big of an impact on your monthly premium:
Your Marital Status
Want to know how married couples can save on automobile insurance? By bundling, that’s how. When you and your spouse bundle your policies together, you can get some serious savings. And if you have other forms of insurance – such as homeowners, or renters insurance – you can save even more by bundling those as well.
For most insurance providers, there is little more than a 1-3% difference in rates between men and women – if they charge a different rate at all. In the grand scheme of things, all other factors being equal, your gender doesn’t make it significantly more or less likely to get into an accident.
Your Driving Distance to Work
Driving times in Norman are below average for Oklahoma, with most commutes only lasting between 9 to 18 minutes each trip. Around 81% of motorists will prefer to take their own truck or car from one place to another in order to get around, while 7-22% may carpool.
Some insurers want to make a big deal out of how many miles you drive yearly, or why you’re driving (work/school vs. recreation). But in truth, unless you’re driving a business vehicle (which can see rate hikes as high as 10%) or more, your reason or distance won’t drastically alter your rate.
Your Coverage and Deductibles
Of course, there are ways to save on your monthly premiums while increasing the amount of coverage you can purchase. By contacting your provider and raising your deductible, you can lower your monthly payments. But this means that your upfront expenses will be higher if you do have to file a claim.
Education in Norman, OK
Because Norman is a college town, it should come as no surprise that a whopping 23% of residents possess a bachelor’s degree. Such information will come in handy when you start your next car insurance policy, because college graduates save more on average than other motorists on their auto insurance rates. And additional 20% of citizens have a high school diploma.
The University of Oklahoma is the largest public university in the state and predates Oklahoma statehood. It enrolls an average of 30,000 students each year and is technically classified as a “research university” with a heavy emphasis on athletic programs. Also, for prospective students who want a valuable degree but don’t have the time or money to spend on a four-year college, look no further than the Moore Norman Technology Center.
Finding inexpensive car insurance may end up being a problem. There’s lots of information drivers need to contemplate, and determining the way in which insurance companies examine your possible risk could be extremely tricky. But don’t permit an expensive insurance agency to talk you into buying the wrong 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.
Get started with comparing rates now. It only takes a couple of minutes, and you’ll save lots of money!