Auto Insurance in Oklahoma
Oklahoma’s auto insurance rates are on the higher side — on average $2,140 per year, compared to the nationwide average of $1,669. That said, how much you’ll pay can vary a lot depending on your car, your coverage, and your address. Use our tool to find your best rates:
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In Oklahoma, auto insurance premiums are significantly higher than the average premium cost in the rest of the U.S. However, the cost of auto insurance can vary based on many factors, including geographic location, so consumers should ensure they shop around for the best rate in their specific area before deciding on their coverage.
Oklahoma Minimum Liability
In Oklahoma, the state minimum coverage is relatively lower than the recommended minimum coverage amounts. It is recommended that drivers have minimum coverage of 50/100/50, which means that they have $50,000 per-person and $100,000 per-accident bodily injury coverage, in addition to $50,000 of property damage coverage.
Despite the fact that the above amounts are considered to be the recommended minimum coverage amounts, the cost of an accident can be exorbitantly high. In fact, in 2013, the average auto liability claim for property damage was $3,231; the average auto liability claim for bodily injury was $15,443. This means that 50% of accidents cost more than those figures. Any amount that is above what is covered by a driver’s insurance policy must be paid; thus, drivers without proper insurance coverage can end up with tens or hundreds of thousands of dollars of debt. It is safer for drivers to opt for a higher coverage amount, say, 100/300.
To find the best rate on insurance and the best coverage, drivers should be sure to shop around at different companies. Many companies will offer different rates based on a driver’s individual driver profile, meaning that you may be able to get a better insurance price by doing a little legwork. While this may take time and energy initially, it’ll pay off in the long run when it saves you money on premiums every month.
Cheapest Car Insurance in Oklahoma
- $2,689Oklahoma Farm Bureau
- $1,392State Farm
If you are looking for the cheapest auto insurance companies in Oklahoma, these companies are your best bet. These low-cost insurance companies are simply the companies that offer customers the lowest rates.
While choosing a cheap insurance company can save you money on premiums, using an affordable insurance company can also cost you in the long run. Low cost insurance companies often lag in areas such as customer service, ease of claim reimbursement, and personal experience.
Most Popular Companies by Marketshare
- Oklahoma Farm Bureau
- State Farm
The most popular car insurance companies in Oklahoma are the ones that are used by the largest number of people. These companies have experience providing coverage for people in the area.
Despite the number of customers they have, however, the most popular insurance companies are not always your best bet. Often, these companies are simply the organizations with the largest ad budgets, so get the most exposure. In the end, popularity does not mean they necessarily offer the best rates or coverage for drivers.
Choosing the Best Car Insurance in Oklahoma
The top-rated Oklahoma insurance companies are good options for coverage, and you should make sure that you choose a quality insurance company that you are happy working with for the rest of your life.
There are a number of important factors to consider when researching an insurance provider. These include customer service, fair premiums, extensive coverage, fair claims processing, solid finances, real agents, and available discounts.
Where is car insurance most affordable?
In Oklahoma, the prices of car insurance coverage vary from city to city.
The most affordable rates can be found in Lawton, followed by Norman and Edmond. Rates in Oklahoma City are a bit higher, followed by those in Midwest City and Broken Arrow. The highest rates in Oklahoma are found in Tulsa.
Prices of auto insurance in Oklahoma vary based on the geographical location, as well as a variety of other factors. Drivers should get quotes from many companies as they can in order to ensure they’re receiving the best rate possible.
Broken Arrow Auto Insurance
Broken Arrow is a medium size town in Oklahoma, with a population of 103,500 people. The town has a mostly residential and suburban feeling, and people there depend on their cars to get around. While there are bus options, many people do drive cars, so be sure to get proper coverage to protect yourself and your car if you are planning to drive. The average insurance rate here is a bit higher than the state average, so be sure to shop around to find the best coverage and price.
Edmond Auto Insurance
An idyllic suburban town, Edmond is home to just over 87,000 people. The town is sprawling, so people here often depend on their cars here to get around. If you are a driver, expect to pay a little less than the state average for your insurance premium. If you want to find the best insurance rates and coverage in this growing college town, make sure you shop around for multiple quotes and rates.
Lawton Auto Insurance
Lawton is a town in Oklahoma that’s home to 97,157 people, and is best known for its proximity to Fort Sill Military Reservation and its outdoor recreation. People depend on cars to drive from place to place, and drivers here can expect to pay a lower amount for their insurance premium than the state average .
Midwest City Auto Insurance
With a population of 54,088, Midwest City is a centrally located Oklahoma town that has very strong ties to nearby Tinker Air Force Base. This city is sprawling yet it feels like the country, and drivers enjoy riding through the vast, rolling green plains and hills. If you’re planning to drive in the Midwest City area, expect to pay an amount slightly higher than the average premium cost in the state.
Norman Auto Insurance
Norman, Oklahoma, is home to 118,197 people and, though close to Oklahoma City, it is its own little town with its own flavor. The city is considered to be a big university town, since it is home to the University of Oklahoma. While the area has plenty of public transportation, many people depend on their cars to drive in and out of the city center of Oklahoma City. Expect to pay less than the state average for premiums in Norman, and be sure to get quotes from several companies to ensure you’re getting the best price and coverage.
Oklahoma City Auto Insurance
Oklahoma City is the biggest city in the state, home to 610,613 people. This capital city is known for being a bustling metropolitan area with sprawling suburbs. There is public transportation in Oklahoma City, but many people use their own vehicles to commute to and from work. People here can expect to pay the same rate as the average cost of an auto insurance premium in the state.
Tulsa Auto Insurance
Tulsa is one of Oklahoma’s largest cities, home to 398,049 people. The area was once known for being one of the world capitals of the oil industry and, today, has a variety of other industries. Tulsa is known as a college town and, despite adequate public transportation options, many people in the city use their own vehicles to get around. The cost of premiums in Tulsa is more than the state average, so be sure to shop around for the best rates before opting for an auto insurance plan.
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