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Cheapest car insurance in Oklahoma for 2022

Dusk on a lonely Oklahoma highway with wind power generators in the distance.
Feifei Cui-Paoluzzo/Getty Images
Dusk on a lonely Oklahoma highway with wind power generators in the distance.
Feifei Cui-Paoluzzo/Getty Images
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One way to get cheap car insurance in Oklahoma is to pick the right auto insurance company. In Oklahoma, a minimum coverage policy costs $408 per year, and full coverage car insurance costs $1,902 a year on average. For minimum coverage, Geico has the cheapest average annual rate in Oklahoma, at $240. Geico also has the lowest full coverage annual average rate, at $970. Where you live in Oklahoma matters to your overall insurance costs, so check out which cities are the cheapest and how to get the cheapest car insurance in Oklahoma.

The cheapest car insurance companies in Oklahoma

To help you find the cheapest car insurance in Oklahoma, Bankrate utilized data from Quadrant Information Services and third-party sources to identify the cheapest carriers with excellent financial strength and high customer satisfaction ratings, as well as below-average rates.

The cheapest companies for minimum coverage in Oklahoma

Drivers in Oklahoma must carry a certain amount of car insurance. Minimum coverage policies are usually the cheapest option, but they also provide the least coverage. If you are interested in a minimum coverage car insurance policy, these five carriers offer cheap rates in Oklahoma:

Car insurance company Average annual minimum coverage premium Average monthly minimum coverage premium
Geico $240 $20
USAA $263 $22
State Farm $271 $23
American Farmers & Ranchers Mutual $278 $23
Mercury $298 $25

The cheapest companies for full coverage in Oklahoma

Full coverage auto insurance policies offer more protection, but as a result, the premiums are more expensive. In addition to liability insurance, full coverage insurance also includes collision, comprehensive and medical payments coverage. In Oklahoma, the cheap car insurance companies for full coverage insurance include:

Car insurance company Average annual full coverage premium Average monthly full coverage premium
Geico $970 $81
USAA $1,224 $102
Farmers $1,327 $111
Mercury $1,369 $114
American Farmers & Ranchers Mutual $1,413 $118

Events that can impact your cheap rates in Oklahoma

Car insurance rates are not locked in forever. Your premium can change over time based on certain events, like getting into an accident or adding a teen driver to your policy. Here are some of the scenarios that can cause your premium to increase:

  • Insuring a teen driver: Adding a newly licensed driver to your policy will cause your rate to increase. However, you may be able to get a lower premium by taking advantage of discounts, like savings for good students. As the teen gets older, your car insurance rate will typically start to drop as long as they maintain a clean driving record while gaining more experience behind the wheel.
  • Getting a speeding ticket: Getting a speeding ticket will likely impact your car insurance premium. In most cases, a speeding ticket conviction stays on your record for three years from the date your ticket is processed, during which time you will pay a higher car insurance rate.
  • Getting into an at-fault accident: An at-fault accident can stay on your record for up to five years. Once an accident shows up on your record, your insurance carrier will likely raise your rate upon your policy’s next renewal. You may be able to avoid the rate increase if you have accident forgiveness.
  • Being considered a high-risk driver: High-risk drivers generally pay very expensive insurance premiums. High-risk drivers are typically individuals who have been convicted of a DUI or caught driving uninsured, but can also include drivers with multiple at-fault accidents and speeding tickets on their record. High-risk drivers can still find affordable insurance, but it may be more difficult.

Cheapest cities in Oklahoma for minimum coverage

Where you live has a direct impact on the cost of your car insurance. Insurance rates in Oklahoma can vary significantly between ZIP codes, so if you move to a new city, it’s a good idea to re-shop for insurance to see if you can save money.

In the table below, you can see the cheapest cities in Oklahoma for minimum coverage insurance based on average rates in the state.

City Average annual minimum coverage premium Average monthly minimum coverage premium
Jenks $451 $38
Wheatland $452 $38
Bixby $456 $38
Bethany $458 $38

Cheapest cities in Oklahoma for full coverage

The cost of full coverage insurance will also vary based on location. In general, full coverage insurance premiums are more expensive in areas with a high cost of living, high cost of auto repairs, high auto theft rate and so on. Here are the cheapest cities in Oklahoma for full coverage car insurance:

City Average annual full coverage premium Average monthly full coverage premium
Broken Arrow $1,973 $164
Choctaw $1,997 $166
Wheatland $2,000 $167
Spencer $2,017 $168

Minimum coverage requirements for Oklahoma drivers

To register your vehicle and drive legally, you must carry at least a minimum amount of car insurance in Oklahoma. According to Oklahoma’s car insurance laws, drivers are required to carry the following policies and coverage amounts:

  • $25,000 for bodily injury liability coverage per person
  • $50,000 for bodily injury liability coverage per accident
  • $25,000 for property damage liability coverage per accident

Drivers who want the cheapest auto insurance in Oklahoma may be tempted to purchase a minimum coverage policy with the lowest rate. However, many drivers may benefit from more robust coverage or may be required to carry it if their vehicle is financed or leased. Full coverage insurance offers physical damage protection, as well as medical payments coverage that will reimburse you for medical expenses after a crash you cause.

Here is how to find (and keep) cheap car insurance in Oklahoma

Once you find cheap car insurance in Oklahoma, it’s important to maintain your rate. Here are tips to help you get cheap insurance and keep your premium low:

  • Shop and compare: To get cheap car insurance in Oklahoma, shop for quotes with the same coverage to compare rates with different companies. This can help you ensure you have the cheapest rates. Consider shopping at each renewal to maintain low rates.
  • Keep a clean driving record: To help keep cheap car insurance in Oklahoma, work to maintain a clean driving record. This means practicing safe driving habits, avoiding accidents and tickets. You may be able to save even more if you take part in your auto insurer’s telematics program, which rewards safe driving behaviors.

Frequently asked questions

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 coverage that meets each state’s requirements. Our base profile drivers own a 2020 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.

Written by
Elizabeth Rivelli
Insurance Contributor
Elizabeth Rivelli is a contributing insurance writer for Bankrate and has years of experience writing for insurance domains such as The Simple Dollar, Coverage.com and NextAdvisor, among others
Edited by
Insurance Editor