How to save on Oklahoma Car Insurance? 7 Tips to reduce costs

By Randy Luton | Last Updated: 12/06/2022

Key Insights:

  • Oklahoma car insurance rates are higher for almost every driver of the state.
  • The car insurance rates can vary from city to city and driver to driver.
  • There are different types of discounts available for drivers in Oklahoma.
  • By combining different ways of getting discounts on car insurance a driver can get cheaper rates.

Wondering how much is car insurance in Oklahoma? Average car insurance rates in Oklahoma have reached almost $1800 and are continuously increasing every year. The drivers are finding it difficult to afford insurance policies for their cars.

The expert team of analysts at RateForce understands that we have all types of drivers in our state; lower class, lower middle class, middle class, and upper class. This is the reason we have decided to create this detailed guide for you. Keep reading till the end; we have covered everything that you need to know about getting cheap car insurance in Oklahoma.

Average Car Insurance Cost in Oklahoma

Each company in Oklahoma or any other state in our country has its own way to calculate the car insurance rates. Some companies might consider you a safe driver while for others you might be an unsafe or dangerous driver. Based on your profile the car insurance company will decide your policy premium.

This is the reason that your policy rates can vary a lot from company to company. To help you understand this difference better. We have listed out the top car insurance companies in average auto insurance cost in Oklahoma:

Car Insurance CompaniesAverage Car Insurance Rate
Progressive$1,367
Mercury$1,571
American Farmers & Ranchers Mutual$1,683
State Farm$1,792
Oklahoma Farm Bureau$2,031
Allstate$2,304
Safe Auto$2,597
Shelter$2,619
Home State Insurance Group$3,089

Why Car Insurance is Expensive in Oklahoma?

Did you know? Just like different companies; states where a driver lives also affect the car insurance rates. Even the city where you live and vehicle you drive is going to play a huge role in the average policy rate.

Especially in cities like Tulsa, Bethany, and Bixby; the insurance rate can go up and down based on several factors. The question that arises is; why are we paying so much money for car insurance in Oklahoma? We have the answer for this; below are the top reasons for expensive car insurance policies in your state:

1. A Higher Number Of Uninsured Drivers

Oklahoma is at 18th rank in the list of states with the highest number of uninsured drivers with more than 13% of drivers without insurance. Uninsured drivers are a huge liability for car insurance companies and other drivers. If you ever get into an accident with an uninsured driver then you will have to pay for your repair and medical bills no matter who was at fault.

2. Expensive Healthcare In The State

The cost of basic healthcare is also rising rapidly in Oklahoma and the citizens are finding it difficult to afford it. Oklahoma is at 49th rank in the list of states that provide easy accessibility and affordability of healthcare. Higher healthcare rates lead to higher car insurance rates as the insurance company might have to pay for your medical bills too.

3. Higher Minimum Car Insurance Requirements Than Other States

The minimum car insurance requirements in Oklahoma are 25/50/25. That is; $25,000 for bodily injury liability coverage per person, $50,000 for bodily injury liability coverage per accident, And $25,000 for property damage liability coverage per accident. As a result, the basic minimum requirement is also expensive in the state.

4. Expensive Auto Repairs In Oklahoma

On average; a driver will have to pay more than $300 for auto repairs in Oklahoma. Expensive auto repairs lead to higher insurance costs and chances of insurance fraud. Drivers try to get more claims from the insurers which ultimately leads to higher insurance rates.

How to Save on Oklahoma Car Insurance?

Now comes the most important part; how can we get affordable car insurance rates in Oklahoma? We have listed out some tried and tested ways for you.

  1. Compare Quotes From Different Companies
    The first and most basic step is to get in touch with different companies and ask for quotations. By comparing quotes from different companies, you will get an idea of how much you are paying and how much you can save.
  2. Drop The Unnecessary Car Insurance
    If your vehicle is old then you can consider dropping collision and comprehensive insurance. You will have to pay a deductible for both the type of insurance and the amount you will get based on the value of your car. We all know that the value of our cars decreases every year.
  3. Utilize Telematics
    Nowadays insurance companies are relying on telematics a lot and you can use that to your advantage. If you have full confidence that you are a safe driver and you follow all the rules and laws then telematics can lower your car insurance rates to a huge extent. Telematics keeps a track of your speed, mileage, driving time, etc to analyze if you are a safe driver or not.
  4. Buy A Car That Is Cheaper To Insure
    If you know that you can not afford higher car insurance rates then you need to keep an eye on the car you are buying. Whenever you finalize any car, check its approximate car insurance cost and then analyze if you can afford it every year or not.
  5. Increase The Deductible Amount In Your Policy
    Car insurance deductible is the amount you agree to pay before filing a claim to your car insurance company. By increasing the deductible amount you will increase the liability on yourself and decrease the liability on the company. This makes you an attractive profile for any car insurance company. Hence they will provide you with lower car insurance rates.
  6. Work On Your Credit Score
    Your credit score also plays an important role in the car insurance rates for any driver. If you have maintained a good credit score then your insurance company will consider you as a responsible citizen and you will get cheaper car insurance in Oklahoma.
  7. Consider Usage-Based Car Insurance Policy
    This is for the drivers who don’t drive much. You can opt for a usage-based or pay-per-mile insurance type. In this the company will keep a track of your driving behavior and how much you are driving. Based on this data you will get your policy premium.

Over To You

Car insurance rates are increasing every year. Despite the COVID-19 pandemic and people driving less due to lockdowns; insurance companies are still increasing the policy rates rapidly. We know that you are looking for affordable car insurance in Oklahoma. Get in touch with RateForce today for your free car insurance quote online.

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Sources:

  • Read an article on PRNews about increasing car repair costs in Oklahoma on 23rd March 2022.
  • Referred to Nolo to understand the minimum car insurance requirements in Oklahoma on 23rd March 2022.
  • Read an article of RBR Law Firm on how Oklahoma’s healthcare system is more expensive than most of the states in our country on 23rd March 2022.
  • Referred to III to check the number of uninsured drivers in Oklahoma on 23rd March 2022.

Editorial Guidelines: The above is meant as general information to help you understand the different aspects of auto insurance. This information does not refer to any specific auto insurance policy. Coverages and other features vary between insurers, vary by state, and are not available in all states. References to costs of coverages/repair, average or typical premiums, amounts of losses, deductibles, etc., are indicative and may not apply to your situation. We encourage you to speak to our insurance representative and to read your policy contract to fully understand your coverages.

Randy Luton is the Founder and CEO of RateForce. He is passionate about InsurTech services and has in-depth knowledge about the auto insurance sector of the USA.