Cheapest Car Insurance in Oklahoma for 2024

Searching for the cheapest car insurance may seem easy, but there are many variables to consider. For example, your car insurance rates depend on whether you want full coverage or prefer the bare minimum auto insurance coverage required by the state.

If you’re looking for the cheapest auto insurance in OKC, you’ll want to compare prices and coverage types. Since there are many companies to choose from, keeping the same type of coverage across the board will net you the best results. For example, you’ll want to compare a full coverage auto insurance policy from Geico against the same type of policy from State Farm. 

Most companies will look at the same variables when determining your rates, but ultimately, no two companies will be the same. Your driving history, credit report, age, gender, marital status, and locationall play a major role in your car insurance rates. Some companies put more stock in your age and driving history than your location or gender.

We’ll cover all the information you need to find cheap car insurance in OKC, no matter your circumstances.

What are the cheapest car insurance companies for minimum liability? 

Buying the absolute minimum for liability car insurance will save you money, but it won’t be the best coverage. So while you’ll receive a break in how much you pay for your policy, your coverage will leave you at risk of paying out of pocket for damages after an accident.  

You’ll also need to consider certain factors insurance companies use, such as age. For example, a 45-year-old male looking for minimum coverage with a clean driving record will see fairly affordable options, as seen in the table below. 

Average Monthly Minimum Coverage Auto Insurance Rates for the Top Auto Insurance Companies

Geico would be the first choice, asking $31 per month. The most expensive option comes from Liberty Mutual at $2,210 annually. 

If you’re a 45-year-old female, your rates will be slightly lower. Geico still has the cheapest option, at $30 for monthly cost. The most expensive is from Liberty Mutual, at $2,087 annually. 

While it may seem appealing to purchase the cheapest option, avoid having the bare minimum coverage if possible to avoid financial distress in the event of an accident.

Compare Quotes From Top Companies and Save

 Secured with SHA-256 Encryption

What are the cheapest car insurance companies for full coverage? 

Full coverage car insurance is a great way to ensure you don’t owe anything out of pocket if you get into an accident that isn’t your fault. Even if you’re involved in an at-fault accident and have full coverage, the likelihood of paying for any damages or hospital visits is slim. 

While Oklahoma doesn’t require full coverage, it’s worth looking into different price ranges to see if it’s a viable choice. Below is a list of companies and their average annual premium prices for a full coverage policy.

Average Monthly Full Coverage Rates for the Top Auto Insurance Companies

Geico makes the top of the list for being the cheapest, with an average of $80 a month. The most expensive is Allstate, with $2,649 annually.

Are there ways to save money on full coverage car insurance in Oklahoma? 

No matter where you live, saving money is often a major priority for auto insurance. Here are a few ways you can whittle down what you pay for your policy: 

• Ask about any available discounts
• Sign up for automatic payments 
• Compare auto insurance quotes
• Keep your information up to date

For example, if you install new safety features in your older vehicle that didn’t have them, your insurance provider could reward you by reducing your rates. Some companies also offer discounts for signing up for automatic payments or going paperless.

Discounts are a fantastic way to get lower premiums, and you should consider scoping out the insurance market at least once a year to stay on top of the best rates.

Full Coverage Car Insurance in Oklahoma Based on Age

Car insurance companies often look at age when setting rates, and it’s no different in Oklahoma. Typically, the older a driver is, the less they’ll pay up until their senior years when rates often increase again.

The following table considers a 25-year-old male and female with a clean driving record who wants a full coverage policy.

Average Full Coverage Monthly Rates for 25-Year-Olds with the Top Insurance Companies

The most expensive coverage comes from Liberty Mutual, with an annual price of $2,319, while the cheapest is Geico at $80 per month. 

Liberty Mutual is still the most expensive for females, with $2,214, or $174 per month. Though that’s less than for a male driver. The cheapest rates are with Geico and State Farm.

Can young drivers find cheap auto insurance in Oklahoma? 

Younger drivers tend to pay more for car insurance than drivers on the road for years because car insurance companies feel there’s a correlation between experience and safety. So, the longer a person drives, the more familiar they become with their vehicle and traffic laws. 

Teen drivers are at high risk since they’re young and new to the road, and Oklahoma car insurance rates will reflect this. For a 16-year-old male wanting full coverage, rates will be high, even with a clean driving record. 

Monthly Full Coverage Teen Auto Insurance Rates for the Top Insurance Companies

The highest annual rate comes from Progressive, which costs a massive $10,411, almost $1,000 monthly for full coverage. 

Progressive is once again the most expensive for young female drivers, with a full coverage cost of $9,205 annually. State Farm is the cheapest option for a 16-year-old female, coming in at $2,898 annually for full coverage.

How can young drivers save money on car insurance?

At first glance, seeing high price tags on auto insurance might be daunting for young drivers. As with most shopping scenarios, saving money is the top priority for most people, even teenagers.

There are many ways teen drivers can find cheap auto insurance in Oklahoma, listed below:

• Sign up for defensive driving courses
• Bundle auto insurance with a parent
• Maintain excellent grades for a good student discount
• Practice safe driving habits and use a monitoring app if available

Being a young driver can be expensive, but it’s a necessary expense to stay safe on the road. To keep young drivers safe and steer them away from becoming uninsured drivers, it’s important to include them in the insurance buying process and show them that there are ways to save.

Compare Quotes From Top Companies and Save

 Secured with SHA-256 Encryption

What options do you have for cheap auto insurance in Oklahoma with bad credit? 

As mentioned, companies can sometimes use your credit score when setting your coverage rates. So, insurers may consider low credit score drivers as high risk.

Often, insurance companies draw a correlation between your credit score and safe driving habits. While this isn’t always the case, companies often believe a financially responsible driver will be safer while driving. So, many drivers with low credit scores see higher rates, and insurers reward safe drivers with low premiums.

Using credit information doesn’t mean insurers discriminate against lower income brackets, and most companies explain that factors such as income and status don’t impact credit scoring. In fact, if you’re searching specifically for low-income car insurance in Oklahoma, you’ll find that such a thing doesn’t exist for this reason. 

Oklahoma allows companies to consider a driver’s credit score. So, drivers in Oklahoma with poor credit should expect to pay $1,833 more annually than those with an excellent credit score. The following table offers up average annual rates from a few different companies. 

Full Coverage Auto Insurance Monthly Rates by Credit Score

State Farm is the most expensive for low-credit drivers, with an average of $7,457 annually. The lowest price comes from Geico, at $2,199 annually on average.

What can you do to increase your credit score? 

If you’re worried about your credit and want to raise your score to stop paying higher rates, there are quite a few things you can do, like:

• Making on-time, regular payments on a credit card debt
• Setting up automatic payments
• Keeping open accounts that are inactive rather than closing them

A high credit score can also be handy if you have a poor driving record. Some insurance companies look at both, and if you happen to have a DUI, a good credit score can help soften the blow.

Is there a difference between your credit score and your insurance credit score? 

Your insurance credit score differs from your overall credit score — companies look at your accident and insurance claim history to determine your insurance credit score when applying for coverage. 

This score helps insurance companies predict your risk while on the road and why drivers should do everything they can to maintain good standing with their insurers.

Can you find cheap auto insurance in Oklahoma with an at-fault accident on your driving record?

At-fault accidents can raise your car insurance rates because they appear on your driving record. Most auto insurance companies use your driving history to determine what you’ll pay. So drivers with clean records often see a lower premium as a reward for staying a safe driver.

Having an at-fault accident on your record could mean you’re a higher risk while behind the wheel. The following table considers a 45-year-old male driver with an accident on record. 

Average Monthly Rates for the Top Insurance Companies for Drivers with an Accident

State Farm offers the cheapest monthly rate at $102. However, Liberty Mutual is far above that, with a $3,920 annual rate.

Rates for a female driver of the same age and accident record aren’t much different, with State Farm offering full coverage for $96 per month and Liberty Mutual providing full coverage for $3,699.

Auto Insurance Rates by City in Oklahoma

We previously mentioned that insurance companies consider your location when setting rates, but that doesn’t only include your state. It can be as specific as your city.

If you want cheap car insurance in Oklahoma, you’ll find it in Dewey, while the most expensive policy is in Forest Park.

Tulsa, Oklahoma, is the most expensive, with $2,095 being the annual amount for a policy. While that doesn’t mean you can’t find affordable coverage, the cheapest auto insurance in Tulsa, Oklahoma may not be the best option. If you want the best insurance in Tulsa, you’ll pay much higher than the state average.

Compare Quotes From Top Companies and Save

 Secured with SHA-256 Encryption

What are the DUI laws in Oklahoma?

Knowing your state’s traffic laws to stay safe while driving is important. DUIs are nothing to take lightly, no matter your location. Rate hikes are common after a driver has a DUI added to their driving record.

Oklahoma drivers can expect a DUI to raise their premiums by around 24% more than the national average. In addition, drivers may face jail time, license suspension, and a mandatory impaired driver accountability program. The penalties a DUI carries depend on the DUI’s severity.

Using a 45-year-old male with a DUI on record, the cheapest option comes from State Farm, with a full coverage policy starting at $1,162. The most expensive is Liberty Mutual, offering full coverage for $4,428. 

Average Monthly Rates for the Top Insurance Companies for Drivers with a DUI

For a female driver of the same age with a DUI, State Farm is also the cheapest, at the same price of $1,162 for full coverage. Liberty Mutual is still the most expensive, but less so for a male driver, with an annual rate of $4,176.

A DUI can drastically change what you pay for car insurance, regardless of age or gender.

What happens to your car insurance after a DUI in Oklahoma? 

As previously mentioned, your auto insurance rates after a DUI will increase, regardless of age or gender. Therefore, you’ll want to know how to mitigate your DUI’s existence on your record — the first is to practice safe driving habits moving forward.

You can sign up for defensive driving courses to show you’re serious about bettering your abilities. To save more on your rates, you could also let your insurer know about your vehicle’s safety features.

If your insurance company has an app offering telematics, consider using it briefly to prove you’re becoming a better driver. These apps transmit data to the provider in real-time, often focusing on your speed, hard braking, and times of day you drive.

What car insurance laws should you know in Oklahoma? 

Car insurance laws change depending on where you live, with most states requiring at least minimum coverage. In Oklahoma, this is also true, with drivers needing basic minimum coverage. So, the average driver can expect to pay around $482 annually for the most basic of policies, 11% less than the national average. 

What are the minimum coverage requirements for car insurance in Oklahoma? 

While state law only mandates minimum coverage, this isn’t always enough to protect you in the event of an accident.

The minimum liability coverage is 25/50/25, meaning $25,000 of bodily injury protection per person, $50,000 per accident, and $25,000 for property damage. However, this isn’t always enough to cover most major accidents, meaning you’ll have to pay any additional costs out of pocket. 

We recommend you carry more than the minimum coverage to protect yourself financially.

Compare Quotes From Top Companies and Save

 Secured with SHA-256 Encryption

Can you purchase optional coverage in Oklahoma? 

Optional coverage can help keep you safe on the road, often purchased alongside the minimum coverage required by each state.

The following are different coverage types you can include in your car insurance policy: 

• Comprehensive coverage. Comprehensive auto insurance coverage pays for repairs to your car if it is damaged by an animal collision, falling object, weather, theft or vandalism.
• Collision coverage. Collision coverage pays forthe cost of repairing or replacing your vehicle in the event of an accident, regardless of fault.
• Loan or lease payoff coverage. If you’re leasing your vehicle and get in an accident, this coverage helps you by paying up to 25% of your vehicle’s cash value after the insurance company totals it.
• Medical payment coverage. Medical payments coverage helps to pay for any medical or funeral expenses associated with a car accident.
• Rental car reimbursement coverage. If you need a rental while waiting to finalize your auto insurance claim, this coverage can help you pay for one. 
• Roadside assistance. A beneficial add-on to any car insurance policy, roadside assistance is popular and commonly offered. The services provided vary by the insurance company.
• Uninsured/underinsured coverage. Other drivers may be on the road without coverage, so having protection against them on your policy is always recommended.

Naturally, add-ons will increase your annual car insurance rates. Still, weighing insurance costs against the amount you could end up owing after an accident can sometimes put things into perspective. 

Do you need SR-22 insurance in Oklahoma? 

If your driving privileges are suspended or revoked due to a DUI or any other road violations, you generally must carry an SR-22 insurance certificate. An SR-22 certificate proves the driver carries the state’s required coverage amount. 

Oklahoma doesn’t require drivers to carry an SR-22 certificate, often attributed to the fact that Oklahoma requires at least minimum car insurance coverage.

The Bottom Line

Finding the right coverage for a price that suits your budget can be complex. If you live in Oklahoma, you’ll need at least 25/50/25 in liability insurance, but your rates depend on the companies you research and factors like driving record and credit score. DUIs and accidents can affect your rates more than location or age. 

While purchasing the bare minimum might save you the most money, it may result in you paying out of pocket for an accident to cover anything exceeding your policy limits. 

Look at other optional coverage types and see if they work for your policy, so you don’t end up on the hook for an accident that wasn’t your fault.

Compare Quotes From Top Companies and Save

 Secured with SHA-256 Encryption