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Average cost of car insurance in Oklahoma for 2024

Updated Oct 01, 2024
The average cost of full coverage auto insurance in Oklahoma is $2,713 annually, while the average cost of minimum coverage in the state is $537 annually.
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How much is car insurance in Oklahoma?

The average cost of car insurance in Oklahoma is $537 per year for minimum coverage and $2,713 for full coverage, according to Bankrate’s 2024 study of quoted annual premiums from Quadrant Information Services. In comparison, the national average for car insurance annually is $664 for minimum coverage and $2,388 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 $226, while minimum coverage averages at $45.
  • Young drivers, specifically 18-year-olds, can potentially pay 42 percent less for car insurance in Oklahoma by remaining on their parents' policy.
  • Receiving a speeding ticket in Oklahoma could lead to a change of up to 15 percent more 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.

City Avg. annual full coverage premium Avg. savings vs. state average

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 16*
Average annual full coverage premium in OK
$5,627
Average minimum coverage premium in OK
$1,482
Age 18
Average annual full coverage premium in OK
$8,236
Average minimum coverage premium in OK
$2,140
Age 20
Average annual full coverage premium in OK
$5,787
Average minimum coverage premium in OK
$1,367
Age 25
Average annual full coverage premium in OK
$3,332
Average minimum coverage premium in OK
$716
Age 30
Average annual full coverage premium in OK
$2,912
Average minimum coverage premium in OK
$590
Age 40
Average annual full coverage premium in OK
$2,685
Average minimum coverage premium in OK
$545
Age 50
Average annual full coverage premium in OK
$2,481
Average minimum coverage premium in OK
$512
Age 60
Average annual full coverage premium in OK
$2,381
Average minimum coverage premium in OK
$506
Age 70
Average annual full coverage premium in OK
$2,576
Average minimum coverage premium in OK
$594
Age 40
Average annual full coverage premium in OK
$2,685
Average minimum coverage premium in OK
$545
Age 50
Average annual full coverage premium in OK
$2,481
Average minimum coverage premium in OK
$512
Age 60
Average annual full coverage premium in OK
$2,381
Average minimum coverage premium in OK
$506
Age 70
Average annual full coverage premium in OK
$2,576
Average minimum coverage premium in OK
$594
*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 16*
Average annual full coverage premium in OK
$4,687
Average minimum coverage premium in OK
$1,256
Age 18
Average annual full coverage premium in OK
$7,363
Average minimum coverage premium in OK
$1,864
Age 20
Average annual full coverage premium in OK
$4,949
Average minimum coverage premium in OK
$1,193
Age 25
Average annual full coverage premium in OK
$3,163
Average minimum coverage premium in OK
$692
Age 30
Average annual full coverage premium in OK
$2,839
Average minimum coverage premium in OK
$588
Age 40
Average annual full coverage premium in OK
$2,742
Average minimum coverage premium in OK
$529
Age 50
Average annual full coverage premium in OK
$2,338
Average minimum coverage premium in OK
$505
Age 60
Average annual full coverage premium in OK
$2,325
Average minimum coverage premium in OK
$497
Age 70
Average annual full coverage premium in OK
$2,515
Average minimum coverage premium in OK
$578
Age 40
Average annual full coverage premium in OK
$2,742
Average minimum coverage premium in OK
$529
Age 50
Average annual full coverage premium in OK
$2,338
Average minimum coverage premium in OK
$505
Age 60
Average annual full coverage premium in OK
$2,325
Average minimum coverage premium in OK
$497
Age 70
Average annual full coverage premium in OK
$2,515
Average minimum coverage premium in OK
$578
*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).

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Age 16*
Avg. annual premium for drivers in OK
$5,157
Age 17
Avg. annual premium for drivers in OK
$4,776
Age 18
Avg. annual premium for drivers in OK
$4,487
Age 19
Avg. annual premium for drivers in OK
$4,114
Age 20
Avg. annual premium for drivers in OK
$3,882
*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 18
Avg. annual premium for drivers in OK
$7,800
Age 19
Avg. annual premium for drivers in OK
$5,870
Age 20
Avg. annual premium for drivers in OK
$5,368
*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. annual premium difference for drivers on their own policy
Age 18 74 percent more
Age 19 43 percent more
Age 20 38 percent more

*18- and 20-year-old are renters on their own policies with no discounts applied

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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.

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.

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.

Clean driving record
Avg. annual premium* in OK
$2,713
Percentage increase from OK avg. annual premium*
0%
Avg. annual premium* in OK
$3,125
Percentage increase from OK avg. annual premium*
15%
Avg. annual premium* in OK
$3,551
Percentage increase from OK avg. annual premium*
31%
Avg. annual premium* in OK
$3,830
Percentage increase from OK avg. annual premium*
41%
*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.

Avg. annual premium* in OK
$4,864
Percentage change from OK average annual premium*
79%
Average
Avg. annual premium* in OK
$2,914
Percentage change from OK average annual premium*
7%
Avg. annual premium* in OK
$2,713
Percentage change from OK average annual premium*
0%
Excellent
Avg. annual premium* in OK
$2,269
Percentage change from OK average annual premium*
-16%
*Rates reflect full coverage policies.

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 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.

Avg. annual premium* in OK
$2,713
Avg. annual premium* in OK
$2,627
Avg. annual premium* in OK
$2,381
BMW 330i
Avg. annual premium* in OK
$3,279
Toyota Prius
Avg. annual premium* in OK
$2,768
*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.

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Get a quick estimate to make sure you're not overpaying.

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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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carriers reviewed
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34.5K
ZIP codes examined
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1.2M
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Frequently asked questions

Methodology

Bankrate utilizes Quadrant Information Services to analyze October 2024 rates for all 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 for our base profile are based on the following characteristics and coverage levels:

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40 year old
Single male and female driver
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2022 Toyota Camry
Primary vehicle
Credit Good Icon
Good credit score
Auto Insurance Guide Icon
Clean driving record
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Commutes 5 days

Bodily injury liability

$100,000 per person
$300,000 per accident

Property damage liability

$50,000 per accident

Personal injury protection

$100,000 per accident

Uninsured motorist bodily injury

$100,000 per person
$300,000 per accident

Collision deductible

$500

Comprehensive deductible

$500

Other profiles

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



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