The midwestern state of Oklahoma handles the load of a staggering 2.5 million drivers on average, and the Sooner State also experiences severe weather every year, with heavy snow and sleet and storms making traffic conditions hazardous and causing accidents. In 2019, there were 584 fatal crashes, killing 640 people, which accounts for 16.2 deaths per 100,000 population.
Car insurance is mandatory in Oklahoma, and it is not very cheap, with annual minimum and full coverage averaging $423 and $1,873 respectively. Insurance prices vary greatly depending on a number of factors, provider, ZIP code, driving record and age being a few of them. Whether you are a first-time insurance shopper or in the process of switching providers, knowing the average cost of premiums could help you make the right choice.
How much does car insurance cost in Oklahoma?
The cost of car insurance in Oklahoma is $423 for minimum coverage and $1,873 for full coverage. In comparison, the national average for car insurance annually is $565 for minimum coverage and $1,674 for full coverage. This price, however, is only an estimate because the cost of car insurance depends on more than just where you live.
The rate of annual premiums is different for everyone because insurance providers use specific factors to determine the cost. Your exact location, ZIP code, driving record, how safe or unsafe your neighborhood is, the type and age of your vehicle, your age and marital status and the climatic conditions in your region are some of the factors taken into account to set car insurance premiums. Aside from that, prices also vary from one provider to another and differ greatly based on the kind of coverage and endorsements you choose. Your cost could be higher or lower than the national, state, or city averages.
Oklahoma car insurance rates by company
Most major car insurance companies operate in Oklahoma, but the prices have variations. To find the cheapest car insurance in Oklahoma, it is necessary to make a thorough evaluation and comparison of prices and coverage options from multiple insurers. The following table highlights the cost of minimum and full coverage in Oklahoma from different companies.
| Car insurance company | Average annual premium for minimum coverage | Average annual premium for full coverage |
|---|---|---|
| Geico | $272 | $1,066 |
| USAA | $304 | $1,388 |
| Farmers | $312 | $1,234 |
| State Farm | $325 | $1,773 |
| American Farmers & Ranchers Mutual | $343 | $1,657 |
| Mercury | $382 | $1,558 |
| Oklahoma Farm Bureau | $423 | $2,016 |
| Progressive | $431 | $1,342 |
| Home State Insurance Group | $508 | $3,066 |
| Allstate | $523 | $2,298 |
| Safe Auto | $571 | $2,582 |
| Shelter | $666 | $2,603 |
Oklahoma car insurance rates by city
Your ZIP code has a major impact on your cost of car insurance. Population density, traffic volume and climatic conditions play their parts in determining the rate of the annual premiums. The following table illustrates the average cost of car insurance in the 20 most populous cities in Oklahoma.
| City | Average annual premium for full coverage | % difference from state average annual premium |
|---|---|---|
| Oklahoma City | $2,084 | 11% |
| Tulsa | $2,108 | 13% |
| Norman | $1,906 | 2% |
| Broken Arrow | $2,007 | 7% |
| Edmond | $1,931 | 3% |
| Lawton | $1,762 | -6% |
| Midwest City | $2,076 | 11% |
| Moore | $2,001 | 7% |
| Stillwater | $1,760 | -6% |
| Enid | $1,707 | -9% |
| Muskogee | $1,845 | -1% |
| Bartlesville | $1,718 | -8% |
| Owasso | $1,834 | -2% |
| Shawnee | $1,880 | 0% |
| Claremore | $1,815 | -3% |
| Sapulpa | $1,945 | 4% |
| Ponca City | $1,838 | -2% |
| Ardmore | $1,789 | -4% |
| Duncan | $1,755 | -6% |
| Ada | $1,773 | -5% |
Oklahoma car insurance rates by age
Car insurance costs may be higher or lower depending upon your age. The following table shows how insurance prices vary in Oklahoma for younger and older drivers.
| Age | Average annual premium in Oklahoma |
|---|---|
| Age 16* | $2,455 |
| Age 18 | $5,495 |
| Age 20 | $3,791 |
| Age 25 | $2,300 |
| Age 30 | $2,107 |
| Age 40 | $1,977 |
| Age 50 | $1,758 |
| Age 60 | $1,694 |
| Age 70 | $1,877 |
*16 year old calculated on parent’s policy disclosure
Oklahoma car insurance rates by driving record
Your driving history is one of the most important factors considered by the provider when determining your annual cost, and if you have a clean record, your chances of getting a lower price are stronger. When there are incidents on your record, you become a risky customer and your annual premiums rise. The following table indicates the percentage of increases in premiums after certain traffic violations in Oklahoma.
| Driving incident | Average annual full coverage premium in Oklahoma | % increase of average annual premium |
|---|---|---|
| Speeding ticket | $2,245 | 19% |
| Accident | $2,548 | 36% |
| DUI | $2,809 | 49% |
How to save on car insurance in Oklahoma
Even when car insurance is not cheap, it is possible to save money in a few different ways. Some of these include:
- Maintain a clean driving record: Drivers with no incidents on their record are favorable to insurance providers because they are low risk.
- Use available discounts: Every insurer offers some discounts, and if you qualify for any of them, it can bring your insurance cost down by a few hundred dollars a year
- Choose an affordable provider: Not every company has the same kind of pricing even for the same coverage, but comparing quotes can help you find the best value
- Pay upfront: Many insurers offer a discount when you pay your annual premium in full at the start of the policy, even though it may seem like a hefty expense
Frequently asked questions
What is the best car insurance company in Oklahoma?
Although there are several insurance providers in Oklahoma, the best car insurance company may not be the same for all. To find out what works for you, it is recommended that you compare quotes and coverage options from multiple providers.
How much insurance do I need in Oklahoma?
Car insurance is mandatory in Oklahoma. The minimum required coverage includes bodily injury liability coverage of $25,000 per person and $50,000 per accident, and property damage coverage of $25,000.
What are the penalties for driving uninsured in Oklahoma?
The penalties for driving without insurance coverage in Oklahoma include license suspension, up to 30 days of jail and up to $250 in fines.
Methodology
Bankrate utilizes Quadrant Information Services to analyze 2022 rates for all ZIP codes and carriers in all 50 states and Washington, D.C. 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 coverages that meet each state’s requirements. Our base profile drivers own a 2019 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.
Age: Rates were calculated by evaluating our base profile with the ages 18-60 (base: 40 years) applied.
Incident: Rates were calculated by evaluating our base profile with the following incidents applied: clean record (base), at-fault accident, single speeding ticket, single DUI conviction and lapse in coverage.
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