The Best Oklahoma Auto Insurance Companies
Rates for auto insurance in Oklahoma are on par with the national average. But car accident statistics per capita in the Sooner State rank it among the top ten most dangerous states to drive in the country. A good portion of Oklahoma drivers are also uninsured. Change is coming, though, with a law passed in 2017 that aims to crack down on uninsured drivers and, hopefully, make the roads safer for everyone. As a driver in Oklahoma, you can protect yourself by finding the best auto insurance for you.
How We Found the Best Oklahoma Auto Insurance Companies
To find the best auto insurance companies in Oklahoma, we used a similar methodology to what we used in our review on nationwide providers. We started out with the five largest auto insurance providers in Oklahoma by market share then evaluated what they had to offer in various categories. We looked at their coverages and discounts, including whether they offered certain options Oklahomans might be particularly interested in, such as the ability to add coverage for if you get in an accident with an uninsured or underinsured driver (since Oklahoma’s rate of uninsured drivers is so high). We then checked out what resources each company provided online, including their customer service tools and how informative their site was.
Multi-Policy; Multi-Car; Home Ownership; Safe Driver; Continuous Insurance; Hybrid/Electric Vehicle; New Car; EFT, Paid in Full and Good Payer; Early Quote or Early Signing; Good Student; Student Away at School; Driver Training; Anti-lock Brake; Anti-theft Device; Airbags; Daytime Lights; Safe Driving Program; Military and Deployment; Membership/Affiliate Programs; Drivers Over 50/Retired; Drivers Under 18; Federal Employee; Usage-Based; Family Plan; Paperless Billing; Healthy Habits; Higher Deductible.
Endorsements (coverage options) we looked for: Bodily Injury Liability; Property Damage Liability; Medical Payments; Comprehensive; Uninsured/Underinsured Bodily Injury; Collision; Gap Loan/Lease Payoff; Pet Injury; Rental Reimbursement; Roadside Assistance or Towing; Custom Parts & Equipment Value; Coverage for Teen Drivers; Ridesharing Coverage; Personal Injury Protection; Umbrella; Mechanical Breakdown; Vanishing Deductible; Accident Forgiveness; New Car Replacement; Property Protection.
We also took a look at each company’s reputation with third-party agencies. This included comparing J.D. Power and Consumer Reports ratings for overall customer satisfaction and for claims process satisfaction for each company. We also compared financial stability ratings from A.M. Best, Moody’s and S&P Global to make sure each company was in good financial standing to pay out those claims they promise. From there, we tested their online quote tools to assess how well they worked and how easy they were to use, as well as to gather some example premiums.
The 5 Best Auto Insurance Companies in Oklahoma
Oklahoma Auto Insurance Companies Reviews
State Farm stood out in our review for its ratings from J.D. Power and Consumer Reports in customer service and claims experience, which are higher than any of the other companies we reviewed. The overall customer satisfaction score of 89/100 from Consumer Reports was the highest of all our contenders, and State Farm also received an “Excellent” (the top rating from Consumer Reports) for timely payments on claims — both good indicators that State Farm customers are generally pretty happy with their auto insurance. Another great sign from State Farm is that it received the highest financial stability ratings of any of the companies we analyzed (A++).
State Farm’s website offerings are also outstanding. All of its coverage options, available discounts, and endorsements were extremely easy to find and understand. And when it comes to available discounts — a key factor when comparing premiums between auto insurance providers — State Farm has plenty. With 12 of the discounts we looked for, it came in second of the five companies in our top picks; only Farmers had more.
Although no slouch when it comes to available endorsements and additional coverage options, State Farm offers the fewest of our top picks: 11 compared to Allstate’s 16. However, State Farm’s endorsements do cover those that are probably most appealing to Oklahoma drivers, like the option to purchase coverage for an accident involving an uninsured/underinsured driver. State Farm also offers optional coverage to add to your insurance if you drive for a rideshare company like Uber or Lyft.
Lastly, when we tested the State Farm quote tool on its website, we weren’t able to come up with a quote for our test-case scenario, because State Farm requires a license number or Social Security Number in order to receive an online quote. This could be a non-issue for you, but if you’re hesitant about providing such personal info online, it might make the online quote shopping process a little more difficult. You can also contact a local State Farm agent by phone to get a quote.
Farmers is another great option and really stood out for its discounts — it offers 15 of the popular discounts we were looking for. Like State Farm, Farmers’ website clearly outlines all available coverage options, endorsements, discounts, and has an informative FAQ section to help answer any other questions. J.D. Power gives it high marks for claims satisfaction with an impressive four out of five stars — locally, the rating agency gave it three stars for customer satisfaction. Consumer Reports agrees Farmers has a solid reputation with customers during the claims process by giving it an overall 89/100.
For Oklahomans looking for particularly customized auto insurance coverage, Farmers is a great option. It offers 14 of the endorsements and supplemental coverage options we sought, including some not offered by State Farm, like umbrella coverage and new car replacement, which would replace your car in the event of a loss. Farmers also offers optional rideshare coverage, for any drivers who drive for a rideshare company like Uber or Lyft.
There are just a couple of potential drawbacks with Farmers. First, when we looked at financial stability ratings, Farmers had the lowest of the top picks we analyzed. This isn’t to say there’s anything to worry about if you do go with Farmers. The ratings it received were all still considered “stable” by the top ratings companies, but they’re lower than State Farm’s, Progressive’s and Allstate’s. Lastly, we ran into trouble when we attempted to receive an online premium quote with Farmers as well — they only provide them through affiliate agents, not directly online, which could add some time to your quote shopping if you just want a quick estimate.
Out of the five companies in our top picks, Progressive’s website was the best. It clearly outlined available coverage options, discounts and endorsements, and it had great customer service tools available, like a thorough FAQ section and live chat with a customer service rep, a tool offered by just one other (Liberty Mutual). Its financial stability ratings are also considered very good, second only to State Farm’s in the five companies we analyzed.
When it comes to customer service, Progressive also shines — it earned an 87/100 reader score from Consumer Reports along with a “very good” rating for simplicity of process and “excellent” rating for timely payment during the claims process. J.D. Power gave it three out of five “Power Circles” for claims satisfaction and a below-average two out of five for customer satisfaction in the region. Overall, these are good signs for anyone considering becoming a Progressive customer.
Another reason you may want to consider Progressive for your auto insurance needs is the number of endorsements and supplemental coverage options it has available. It offers 13 of the common endorsements we looked for in our analysis, including the uninsured/underinsured endorsement that might be especially appealing to Oklahoma drivers. While a few less than the offerings from Farmers (14) and Allstate (16), it’s still more than State Farm and Liberty Mutual offer.
The biggest potential roadblock you might hit while shopping with Progressive is its number of discounts. We counted just 10 of the popular discounts we included in our analysis — less than State Farm, Farmers, and Allstate. Still, take a look at what they offer by checking out their online quote tool. We found it pretty quick and easy to use while testing out an example scenario — no license or social required. It even includes three different coverage level options in your quote so you can see how different liability levels would affect your premium.
If you’re looking for a way to customize your auto insurance, look no further than Allstate. Out of our top five picks for Oklahoma, Allstate offers a plethora of endorsements and supplemental coverage, the most of any contender we evaluated (16). This could be especially important if you have a unique or luxury car — they offer an optional endorsement for covering custom parts. We also appreciated its coverage for roadside assistance in the event of a breakdown and rental reimbursement in the case that a covered accident keeps your car in the shop for a while. These could all come in handy in a state like Oklahoma where traffic accidents are fairly common. Allstate also offers optional coverage to add to your insurance if you drive for a rideshare company.
In terms of discounts and other ways to save, Allstate will give you a bonus for driving safely (not having an accident for six months). In addition, the Drivewise app tracks your driving habits, which not only helps you save money, but also provides a check on your speed and driving hours. Allstate also gives you an opportunity to shave the cost of your deductible by $100 for every year you go without an accident, for up to $500.
When it comes to customer service, Allstate has a high reader score rating from Consumer Reports, 88/100, and scored the highest possible rating “Excellent” when it comes to timely claims payments. It also holds a 3 out of 5 rating from J.D. Power for overall customer satisfaction in the Central region. Allstate also has solid financial stability ratings, right in the middle our top five picks. We particularly liked Allstate’s online quote tool, which offered three different tiers of coverage, as Progressive’s did, but with a few more of those great endorsement coverages included in its quote options.
Liberty Mutual’s website offers tons of information about coverage, discount and endorsement options and a quote tool we really love. It also boasts an informative FAQ section and the option for a live customer service chat via Twitter or Facebook Messenger. When we tested the quote tool, we appreciated the opportunity to choose whether we wanted a “quick estimate” or a more detailed one — this could save you time if you want to quickly price out some options and know what you’re looking for.
Although it holds over six percent of the market share in Oklahoma, compared to our other top picks, Liberty Mutual’s customers are not quite as pleased with its services. While Consumer Reports rates it as equal to Allstate with an 88/100, J.D. Power gives it two stars for both claims satisfaction and overall satisfaction in the central U.S. region. In terms of financial stability, Liberty Mutual trails behind the rest with the lowest score from A.M. Best out of all our top picks. This doesn’t mean Liberty Mutual won’t reliably pay out your claims, though, as its ratings are still considered stable.
Like Progressive, Liberty Mutual was also a bit behind the pack when we looked for the number of common discounts on offer; we counted just 10 of our sought-after discounts compared to Farmers’ 15. We found a similar story when it came to how many of the endorsements and supplemental coverage options Liberty Mutual offered — 10 compared to frontrunner Allstate’s 16. While Liberty Mutual doesn’t offer an uninsured/underinsured endorsement option, as all four other top picks do, it does include the most important options like the possibility for liability, comprehensive, collision and medical payments. Depending on your specific auto insurance needs, they could still be the best company for you.
Guide to Oklahoma Auto Insurance Companies
Make sure you meet Oklahoma’s minimum requirements
Every state has a different minimum liability level for insured motorists that outlines the minimum amount of coverage required for drivers in that state. This is usually shown as how many thousands of dollars are required for bodily injury coverage per person, bodily injury coverage per accident, and property damage liability. In Oklahoma’s case, the minimum required liability limits is 25/50/25 — this means:
- $25,000 bodily injury coverage per person
- $50,000 bodily injury coverage per accident
- $25,000 property damage coverage per accident
Oklahoma’s minimum liability is similar to what you’ll find in most other states. Still, it’s probably wise to buy more than the minimum. Think about getting into an accident with a luxury car — worth $50,000 or more — it’s easy to see how just $25,000 of property damage coverage might leave you paying a lot more out of pocket for the rest of the damages.
Most experts recommend buying more than the minimum insurance required by your state. How much? As much as you can afford. Some experts suggest a good starting point is a policy that’s 100/300/50 — that is, $100,000 bodily injury per person, $300,000 bodily injury per accident, and $50,000 property damage per accident. But again, first consider your personal needs and budget before signing a policy that provides more coverage than you’ll likely use.
Of course, auto insurance premiums vary greatly depending on the provider, where you live, and what kind of car you drive. Insurers also take into account how much they think you’re willing to pay by aggregating your personal data (Social Security, spending habits, etc.) This is known as price optimization, and one of the main concerns is that this practice enables insurers to gradually increase prices for consumers who are “unlikely to shop around for a better price.” While the practice is “uncontroversial” outside the insurance realm, many insurance companies don’t use this model. However, shopping around is still the best way to make sure you’re getting the most coverage for you at the best rate. Our quote tool at the top of the page is a great place to start your search.
Oklahoma auto insurance quote analysis
We used online quote tools to gauge relative costs for each provider. Do note, though, that there are a few limitations to our analysis. A couple providers (Farmers and State Farm) only allowed us to pull quotes from third parties or required us to enter either a Social Security or driver’s license number. While this doesn’t show us how all five providers stack up for a single, 38-year-old male living in Oklahoma City and driving a 2010 Toyota Camry, it does give us a sense of just how varied costs are across companies.
Keep in mind, various endorsements or higher liability coverage levels on top of that minimum don’t always translate to a higher premium. For instance, Liberty Mutual’s quote for the bare minimum was still higher than Allstate’s for the same coverage with an additional endorsement of $25,000 per person and $50,000 per accident of bodily injury coverage for uninsured motorists.
Oklahoma Auto Insurance Companies FAQ
What are average auto insurance rates in Oklahoma?
According to the National Association of Insurance Commissioners, the average Oklahoman pays $1,005 in auto premiums per year. Compared to the rest of the country, this is close to the average of $1,009. More recent data reports similar findings, with Oklahoma positioned right in the middle of the rest of the country’s rates at $1,542.
What factors affect my auto insurance rates in Oklahoma?
Weather and natural disasters greatly influence your premium costs. Considering Oklahoma has experienced the most violent tornadoes in the U.S. since 1950, it’s safe to assume your rates are going to be higher due to this particular risk.
Oklahoma also has one of the highest rates of uninsured drivers in the country — more than one-quarter of drivers on the road have no insurance — and some of the highest rates of fatal motor vehicle accidents per capita. This means that insurance rates in Oklahoma remain high.
What is Oklahoma doing about its uninsured driver problem?
In April 2017, Oklahoma’s governor signed a bill into law that aims to crack down on uninsured drivers, which, if effective, could eventually help bring auto insurance rates down. The law transferred oversight of uninsured vehicles from the Department of Public Safety to the Oklahoma Insurance Department. The law also allows tracking of license plate numbers to determine whether a driver has insurance. In November 2017, the state started a new program to use cameras to track license plates. If a driver is identified who is uninsured, they’ll be stuck with a $184 fine and told to buy insurance. Even more reason to make sure you have the right kind of insurance if you’re driving in Oklahoma.