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Average cost of car insurance in Oklahoma for 2024

The average cost of full coverage auto insurance in Oklahoma is $1,998 annually, while the average cost of minimum coverage in the state is $406 annually.

Updated Apr 03, 2024
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How much is car insurance in Oklahoma?

The average cost of car insurance in Oklahoma is $406 per year for minimum coverage and $1,998 for full coverage, according to Bankrate’s 2023 study of quoted annual premiums from Quadrant Information Services. In comparison, the national average for car insurance annually is $622 for minimum coverage and $2,014 for full coverage. However, these prices are only averages, and it’s important to remember that the cost of car insurance depends on more than just where you live. Car insurance rates in Oklahoma will vary from driver to driver based on the insurance provider, your personal rating factors and the underwriting algorithm insurers use to determine your rate.

Key takeaways

  • In Oklahoma, the average monthly cost for full coverage car insurance is $167, while minimum coverage averages at $34.
  • Young drivers, specifically 18-year-olds, can potentially save up to 67 percent on car insurance costs in Oklahoma by remaining on their parents' policy.
  • Receiving a speeding ticket in Oklahoma could lead to an increase of up to 18 percent in car insurance premiums.
  • The average cost of car insurance in Oklahoma is cut almost in half once a driver reaches the age of 25.

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Oklahoma car insurance rates by city

The city you live in also plays a large role in your car insurance premiums. Larger cities tend to have higher premiums since more vehicles on the road usually means a higher likelihood of accidents. Larger cities may also have higher costs of living, which can drive up claims costs. The crime rate in your city and the accident statistics in your area are some data points that may be factored into calculating your premium. Additionally, your ZIP code, driving record, age and marital status and the age and type of your vehicle all play a role.

Oklahoma city Avg. monthly full coverage premium Avg. annual full coverage premium Percentage change from Oklahoma avg. annual full coverage premium
Broken Arrow $172 $2,059 3%
Edmond $165 $1,985 -1%
Enid $153 $1,832 -8%
Lawton $155 $1,854 -7%
Muskogee $160 $1,918 -4%
Norman $165 $1,979 -1%
Oklahoma City $179 $2,150 8%
Owasso $157 $1,884 -6%
Stillwater $153 $1,839 -8%
Tulsa $180 $2,158 8%

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Powered by Coverage.com (NPN: 19966249)

Coverage.com, LLC is a licensed insurance producer (NPN: 19966249). Coverage.com services are only available in states where it is licensed. Coverage.com may not offer insurance coverage in all states or scenarios. All insurance products are governed by the terms in the applicable insurance policy, and all related decisions (such as approval for coverage, premiums, commissions and fees) and policy obligations are the sole responsibility of the underwriting insurer. The information on this site does not modify any insurance policy terms in any way.

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Average car insurance costs by age and gender in Oklahoma

Both a driver’s age and gender impact insurance premiums in Oklahoma. Young drivers are statistically more likely to get into accidents, which means that car insurance companies typically charge higher rates to compensate for the risk.

We’ve analyzed average Oklahoma car insurance rates for a variety of driver ages. These rates are for drivers with a clean driving record. Outside of rates for a young driver added to their parents’ policy, the rates shared in the tables below are calculated averages for drivers on their own policy.

Age Avg. full coverage premium in Oklahoma Avg. minimum coverage premium in Oklahoma
Age 16* $4,594 $1,166
Age 18 $6,490 $1,546
Age 20 $4,413 $1,001
Age 25 $2,489 $525
Age 30 $2,169 $437
Age 40 $2,008 $1,987
Age 50 $1,855 $377
Age 60 $1,755 $369
Age 70 $1,932 $433

*16-year-old calculated on parents' policy with discounts applied; 18- and 20-year-old are renters on their own policies with no discounts applied

Age Avg. full coverage premium in Oklahoma Avg. minimum coverage premium in Oklahoma
Age 16* $3,740 $963
Age 18 $5,473 $1,322
Age 20 $3,771 $874
Age 25 $2,369 $508
Age 30 $2,111 $434
Age 40 $1,987 $408
Age 50 $1,834 $375
Age 60 $1,755 $369
Age 70 $1,932 $433

*16-year-old calculated on parents' policy with discounts applied; 18- and 20-year-old are renters on their own policies with no discounts applied

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Bankrate’s take: Insurance companies often use gender as one of the factors to determine car insurance rates. Generally, this is because statistical data suggests differences in risk profiles between genders. Men, particularly younger males, are typically perceived to be at a higher risk of accidents, which could influence their insurance costs. However, it's important to note that these trends can vary, and not all insurers may weigh gender the same way in determining premiums.

Cost considerations for young drivers in Oklahoma

It’s typical to add young drivers onto their parents’ policy when they first start driving. Being on their parents’ policy may allow young drivers to utilize discounts they wouldn’t otherwise qualify for, like multi-car for the other household vehicles and multi-policy savings from their parents’ other insurance products. Generally, as drivers age and gain experience on the road, rates decrease (provided they maintain a good driving record).

Age Avg. annual premium for drivers on their parents' policy in Oklahoma Avg. annual premium for drivers on their own policy in Oklahoma Percent difference
Age 16 $4,167 N/A* N/A*
Age 17 $3,845 N/A* N/A*
Age 18 $3,591 $5,982 67%
Age 19 $3,227 $4,440 38%
Age 20 $3,017 $4,092 36%

*16- and 17-year-old drivers must be on their parents’ policy.

How does driving record impact the cost of car insurance in Oklahoma?

When there are incidents on your driving record, such as speeding, an at-fault accident or a DUI, insurers typically see you as riskier to insure and your annual premiums are likely to be higher. The following table shows the average car insurance cost in Oklahoma after a single occurrence of different traffic incidents. Keep in mind that while one traffic incident on its own may not make you a high-risk driver, more severe incidents like a DUI could, and standard coverage may not be available in all instances.

Driving incident Avg. annual full coverage premium in Oklahoma Percentage increase from Oklahoma avg. annual full coverage premium
Clean driving record $1,998 0%
Speeding ticket conviction $2,356 18%
At-fault accident $2,703 35%
DUI conviction $2,982 49%

*The table above compares driving records with different incidents and highlights how much, on average, these incidents tend to raise rates. *The rates reflected are for full coverage policies.

Car insurance rates in Oklahoma by credit tier

Insurers may factor your credit-based insurance score in rating a driver’s overall risk potential. The better a driver’s credit history, the less likely they are assumed to file claims based on actuarial data, leading to lower average rates. Conversely, drivers with poorer credit histories tend to be considered higher risk and pay higher rates.

Credit tier Avg. annual full coverage premium in Oklahoma Percentage change from Oklahoma avg. annual full coverage premium
Poor $3,571 79%
Average $2,171 9%
Good $1,998 0%
Excellent $1,748 -13%

Oklahoma car insurance rates by vehicle type

The type of car you drive is a significant factor in determining how much car insurance is in Oklahoma, as it can heavily impact your premium. Vehicles that are statistically more likely to be involved in accidents or more expensive to fix will likely cost more to insure. A BMW 330i, for example, costs $478 more to insure for full coverage than a Toyota Camry, due largely to BMWs having higher parts and labor costs to account for during repairs after an accident. We analyzed rates for a range of vehicle types to help you get a sense of what different vehicles might cost to insure.

Vehicle Average annual full coverage premium in Oklahoma
BMW 330i $2,476
Ford F-150 $1,746
Honda Odyssey $1,762
Toyota Camry $1,998
Toyota Prius $2,117

*Rates reflect full coverage policies.

Estimate your car insurance cost in Oklahoma

With the diverse array of factors influencing car insurance rates, predicting your personal cost can often seem challenging. Recognizing this, Bankrate has developed an intuitive calculator tool to help you navigate these complexities. By inputting some fundamental personal details, this calculator provides a rough estimate of your likely monthly insurance premium. It's crucial to remember that while this tool offers valuable insight, it does not generate an exact quote. Nonetheless, it serves as a practical guide, allowing you to effectively plan and budget for your Oklahoma car insurance expenses.

Advertising Disclosure
This advertisement is powered by Coverage.com, LLC, a licensed insurance producer (NPN: 19966249) and a corporate affiliate of Bankrate. The offers and links that appear on this advertisement are from companies that compensate Coverage.com in different ways. The compensation received and other factors, such as your location, may impact what offers and links appear, and how, where and in what order they appear. While we seek to provide a wide range of offers, we do not include every product or service that may be available. Our goal is to keep information accurate and timely, but some information may not be current. Your actual offer from an advertiser may be different from the offer on this advertisement. All offers are subject to additional terms and conditions.

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How to save on car insurance in Oklahoma

Even though car insurance in Oklahoma is already lower than the national average, you may be able to lower your premium even further. Here are some tips to help you find a lower rate:

  • Maintain a clean driving record: Drivers with no incidents on their record are favorable to insurance providers because they are a lower risk than drivers with a history of incidents and, therefore, receive better rates on average.
  • Use available discounts: Most insurers offer at least a few discounts, and if you qualify for any of them, you might see significant savings on your car insurance policy. Common discounts include multi-policy, paperless billing and paid-in-full premiums.
  • Choose an affordable provider: Each car insurance company has its own pricing model, which means rates will vary for even the same coverage. Shopping around could help you find a competitive premium.
  • Park in a protected area: Some insurers offer a discount if you park in a garage or carport, and this could be especially important in Oklahoma, where hail storms and strong winds are common and could cause damage to your vehicle.
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Frequently asked questions

Methodology

Bankrate utilizes Quadrant Information Services to analyze 2023 rates for ZIP codes and carriers in all 50 states and Washington, D.C. Rates are weighted based on the population density in each geographic region. Quoted rates are based on a 40-year-old male and female driver with a clean driving record, good credit and the following full coverage limits:

  • $100,000 bodily injury liability per person
  • $300,000 bodily injury liability per accident
  • $50,000 property damage liability per accident
  • $100,000 uninsured motorist bodily injury per person
  • $300,000 uninsured motorist bodily injury per accident
  • $500 collision deductible
  • $500 comprehensive deductible

To determine minimum coverage limits, Bankrate used minimum coverage that meets each state’s requirements. Our base profile drivers own a 2021 Toyota Camry, commute five days a week and drive 12,000 miles annually.

These are sample rates and should only be used for comparative purposes.

Credit-based insurance scores: Rates were calculated based on the following insurance credit tiers assigned to our drivers: “poor, average, good (base) and excellent.” Insurance credit tiers factor in your official credit scores but are not dependent on that variable alone. Four states prohibit or limit the use of credit as a rating factor in determining auto insurance rates: California, Hawaii, Massachusetts and Michigan.

Incidents: Rates were calculated by evaluating our base profile with the following incidents applied: clean record (base), at-fault accident, single speeding ticket and single DUI conviction.

Model: To determine cost by vehicle type, we evaluated our base profile with the following vehicles applied: BMW 330i, Ford F-150, Honda Odyssey, Toyota Prius and Toyota Camry (base).

Age: Rates were calculated by evaluating our base profile with the ages 16-70 (base: 40 years) applied. Depending on age, drivers may be a renter or homeowner. Age is not a contributing rating factor in Hawaii and Massachusetts due to state regulations.

Gender: The following states do not use gender as a determining factor in calculating premiums: California, Hawaii, Massachusetts, Michigan, North Carolina, Pennsylvania.

Teens: Rates were determined by adding a 16- or 17-year-old teen to their 40-year-old married parents' policy. The rates displayed reflect the total cost of a driver this age added to their parents’ policy unless otherwise noted.

Written by
Ashlyn Brooks

Ashlyn Brooks is a finance writer with more than half a decade of experience, known for her knowledge in areas such as taxes, insurance, investing, retirement, finance news, and banking products.

Edited by Editor II, Insurance