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Cheapest car insurance in Oklahoma for 2023

Geico, State Farm and USAA are writing some of the most affordable car insurance in Oklahoma.

Updated Apr 11, 2023
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The cheapest car insurance companies in Oklahoma

Oklahoma requires that drivers carry at least the minimum amounts of car insurance liability, but you may need more protection based on your circumstances. Shopping around with your needs in mind and asking for quotes from a range of carriers may net you savings when it's time to purchase your policy. Bankrate found Geico, American Farmers & Ranchers Mutual, and Mercury to offer some of the cheapest car insurance for the different driver needs below.

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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.

Cheapest company for minimum coverage

Company Average monthly minimum coverage premium Average annual minimum coverage premium
Geico $20 $240

Cheapest company for full coverage

Company Average monthly full coverage premium Average annual full coverage premium
Geico $84 $1,003

Cheapest company for adding a teen driver

Company Average monthly minimum coverage premium Average annual minimum coverage premium
American Farmers & Ranchers Mutual $40 $476

Cheapest company for getting a speeding ticket

Company Average monthly minimum coverage premium Average annual minimum coverage premium
Geico $23 $273

Cheapest company for being in an at-fault accident

Company Average monthly minimum coverage premium Average annual minimum coverage premium
American Farmers & Ranchers Mutual $23 $279

Cheapest company after a high-risk incident

Company Average monthly minimum coverage premium Average annual minimum coverage premium
Mercury $33 $393

The cheapest car insurance companies in Oklahoma by coverage level

Minimum coverage is typically low-cost insurance that allows you to drive legally, but also gives you a minimum amount of protection. Full coverage, which includes collision and comprehensive insurance, offers more robust coverage for your car in the event of an accident. The average cost of car insurance in Oklahoma is $1,998 per year for full coverage and $406 per year for minimum coverage, although your rates may vary from these averages.

If you are looking for Oklahoma car insurance savings, getting quotes from these cheap insurers may be worthwhile.

Geico
Rating: 4.4 stars out of 5
4.4
Bankrate Score
Info
Average monthly minimum coverage premium
$20
Average annual minimum coverage premium
$240
Annual savings vs. State average*
- $166
State Farm
Rating: 4.2 stars out of 5
4.2
Bankrate Score
Info
Average monthly minimum coverage premium
$23
Average annual minimum coverage premium
$271
Annual savings vs. State average*
- $135
USAA
Rating: 4.3 stars out of 5
4.3
Bankrate Score
Info
Average monthly minimum coverage premium
$23
Average annual minimum coverage premium
$271
Annual savings vs. State average*
- $135
American Farmers & Ranchers Mutual
Average monthly minimum coverage premium
$23
Average annual minimum coverage premium
$279
Annual savings vs. State average*
- $127
Mercury
Rating: 3.2 stars out of 5
3.2
Bankrate Score
Info
Average monthly minimum coverage premium
$25
Average annual minimum coverage premium
$294
Annual savings vs. State average*
- $112
Powered by Coverage.com (NPN: 19966249)
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.

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.

*Based on policies with minimum coverage for 2023

Geico
Rating: 4.4 stars out of 5
4.4
Bankrate Score
Info
Average monthly full coverage premium
$84
Average annual full coverage premium
$1,003
Annual savings vs. State average*
- $995
Farmers
Rating: 3.8 stars out of 5
3.8
Bankrate Score
Info
Average monthly full coverage premium
$113
Average annual full coverage premium
$1,350
Annual savings vs. State average*
- $648
USAA
Rating: 4.3 stars out of 5
4.3
Bankrate Score
Info
Average monthly full coverage premium
$114
Average annual full coverage premium
$1,372
Annual savings vs. State average*
- $626
Mercury
Rating: 3.2 stars out of 5
3.2
Bankrate Score
Info
Average monthly full coverage premium
$116
Average annual full coverage premium
$1,386
Annual savings vs. State average*
- $612
American Farmers & Ranchers Mutual
Average monthly full coverage premium
$121
Average annual full coverage premium
$1,446
Annual savings vs. State average*
- $552
Powered by Coverage.com (NPN: 19966249)
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.

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.

*Based on policies with full coverage for 2023

Cheapest cities in Oklahoma for car insurance

When looking for cheap car insurance in Oklahoma, one factor to consider is your ZIP code. Insurers take your location into account when determining your rate. If you live in a high-crime or high-traffic area, for example, you may pay more for your policy since your insurer expects to see more claims from these locations. This does not mean you won't be able to find cheap insurance in Oklahoma if you live in a dense traffic area, but you may have to shop around to find the best rates.

Here are some cities where it is possible to find low-cost car insurance in Oklahoma for both minimum and full coverage:

City City average annual minimum coverage premium Cheapest car insurance company Company average annual minimum coverage premium
Balko $293 State Farm $160
Turpin $295 State Farm $162
Forgan $297 State Farm $162
Gage $298 State Farm $176
Boise City $299 State Farm $173
City City average annual full coverage premium Cheapest car insurance company Company average annual full coverage premium
Enid $1,832 Geico $990
Oologah $1,835 Geico $963
Perry $1,835 Geico $1,003
Ripley $1,837 Geico $1,003
Corn $1,838 Geico $990

Factors that impact cheap rates in Oklahoma

Your premium rate is unique to you and your specific circumstances. Multiple factors, from your credit rating to the age of your car, go into determining how much you will pay for your policy. For some drivers, it may be more challenging to find cheap car insurance in Oklahoma because of these circumstances, but it's not impossible. Here are some common situations that play a role in determining your rate, and the companies that are good options if you want to save on car insurance in Oklahoma.

Insuring a teen driver

Because they have limited years of driving experience, teen drivers tend to be involved in accidents more than any other age group. This higher risk level means they typically face high rates for their insurance. Parents adding a teen driver to their policy are likely to see a significant increase, although rates gradually drop as the teen enters their twenties. Here are the five cheapest companies in Oklahoma for teen drivers based on our research:

Car insurance company Average annual minimum coverage premium Average annual full coverage premium
American Farmers & Ranchers Mutual $476 $1,953
Geico $510 $2,099
State Farm $663 $2,799
Progressive $670 $2,611
Farmers $802 $2,295

Getting a speeding ticket

In addition to fines and other penalties, a single speeding ticket conviction in Oklahoma could be enough to increase your policy rate. In fact, Bankrate's research shows that there is an average increase of $358 annually on the rate of a full coverage policy after a speeding ticket or other  moving violation. Insurers writing cheap Oklahoma car insurance for those with a speeding ticket conviction on their records include the following:

Car insurance company Average annual minimum coverage premium Average annual full coverage premium
Geico $273 $1,257
State Farm $318 $1,806
USAA $346 $1,731
American Farmers & Ranchers Mutual $409 $1,938
Farmers $409 $1,697

Getting into an at-fault accident

Unless you have optional accident forgiveness insurance as part of your policy, you are likely to see your rate increase after an at-fault accident. Typically, an accident will impact your policy for three to five years, depending on your insurance company, before it drops off. Our research found that these five companies offer the lowest average rates for drivers who are involved in a single at-fault accident.

Car insurance company Average annual minimum coverage premium Average annual full coverage premium
American Farmers & Ranchers Mutual $279 $1,446
Geico $342 $1,648
State Farm $359 $1,926
USAA $430 $2,039
Farmers $494 $1,856

Being deemed a high-risk driver

Few factors have the ability to increase your rate more than if your insurer places you in its high-risk category. This may happen if you have multiple accidents or moving violation convictions. It may also be a consequence of a single DUI, the most severe high-risk infraction. In some cases, high-risk drivers may need to look around to find a company that is willing to insure them. Here are five that offer favorable average rates to those who are considered high-risk drivers:

Car insurance company Average annual minimum coverage premium Average annual full coverage premium
Mercury $393 $1,796
State Farm $430 $2,141
Geico $441 $1,836
Farmers $469 $1,794
Progressive $498 $2,242

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 best cheap 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.

How to get the cheapest car insurance in Oklahoma

Shop around

Every insurance company uses its own proprietary algorithms to determine rates, meaning you will likely get different quotes from different companies for the same amount of coverage. Asking for quotes from multiple insurers gives you a way to compare and see which company is offering the lowest premium for your needs.

Consider your coverage

Insurance experts usually recommend that you purchase more than the minimum required if you can afford to, but it's a good idea to evaluate your policy annually to see if there are areas of your policy that you can save on. For example, as your car ages and has less value, you may be able to drop collision and comprehensive coverage if maintaining full coverage outweighs the older car’s replacement value.

Consider your deductible

If you can afford it, consider raising your deductible, which should lead to immediate savings on your premium. Keep in mind that in the event of a claim, you will need to pay the deductible out of pocket while your coverage kicks in for the remaining amount, so avoid raising it higher than you can afford.

Car insurance discounts in Oklahoma

Another way to save money on your policy is to take advantage of discounts. Most insurers offer at least a handful of discounts, and many of them are easy to earn. Here are a few of the more common discounts you may see with Oklahoma insurance companies:

  • Young driver discounts: Young drivers often pay a high rate for their insurance, but they can earn discounts from many insurers if they maintain a "B" or better grade point average in school. There may also be a discount if they are attending college more than 100 miles from where their car is garaged.
  • Safe driver discounts: Some insurers use optional telematics programs to determine if someone is a safe driver. Those who prove to be careful behind the wheel could earn a considerable percentage off their premium over time. 
  • Other discounts: Many insurers offer discounts to members of the military or those who are in certain professions, such as teachers or first responders. Car safety features such as anti-lock brakes often make you eligible to earn a discount, as can agreeing to pay using electronic payments or purchasing multiple policies from your company, such as home and car.

Frequently asked questions

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Written by
Mary Van Keuren
Insurance Contributor

Mary Van Keuren has written for insurance domains such as Bankrate, Coverage.com, and The Simple Dollar for the past five years, specializing in home and auto insurance. She has also written extensively for consumer websites including Reviews.com and Slumber Yard. Prior to that, she worked as a writer in academia for several decades.

Edited by Insurance Editor