Auto insurance for high-risk drivers in Oklahoma

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High-risk drivers are more likely than others to be involved in fatal car crashes. In 2019, Oklahoma recorded 584 fatal car accidents which resulted in 640 deaths. This accounts for 16.2 deaths per 100,000 population, well above the national figure of 11 deaths per 100,000 population. Bankrate considers various driving history factors in determining a high-risk driver including one or more at-fault accidents, a speeding ticket, a single DUI conviction and a lapse in car insurance coverage.

Rates for high-risk car insurance in Oklahoma

Drivers in high-risk categories will often pay higher premiums for car insurance in Oklahoma than those who do not have these factors on their driving profiles. The high-risk factors we consider below which increase premiums are a speeding ticket, an accident, a DUI and a teenage driver.

Rates after a speeding ticket

In Oklahoma, a speeding ticket will increase average annual car insurance premiums though the impact varies significantly depending on the carrier. From the data below, USAA will increase premiums only 3% on average as the result of a single speeding ticket. At the other extreme, the average annual premium with Progressive increases by 54% on average following a speeding ticket.

In addition to increasing car insurance premiums, a conviction for speeding in Oklahoma can result in fines and under certain circumstances, jail time. In most cases, a speeding ticket will also add demerit points to a violator’s driving record. The typical demerit is 2 to 4 points per speeding violation.

Car insurance company Oklahoma average annual premium for full coverage before a speeding ticket Oklahoma average annual premium for full coverage after a speeding ticket % increase
Allstate $2,298 $2,646 15%
American Farmers & Ranchers Mutual $1,657 $1,749 6%
Farmers $1,234 $1,613 31%
Geico $1,066 $1,249 17%
Mercury $1,558 $2,191 41%
MetLife $2,689 $2,803 4%
Oklahoma Farm Bureau $2,016 $2,184 8%
Progressive $1,342 $2,063 54%
Safe Auto $2,582 $2,856 11%
Shelter $2,603 $2,894 11%
USAA $1,388 $1,432 3%

Rates after an accident

Accidents can also impact average premiums drivers will pay for car insurance. These increases vary substantially from insurer to insurer in Oklahoma. As the chart below indicates, State Farm’s average premiums increase only 3% following an accident.

Oklahoma is an “at fault” auto liability state. This means that your insurance company will be required to pay for property damages and personal injury incurred in an accident which was your fault. Rates typically increase accordingly and may increase more depending on the extent of the claim. Several accidents will likely cause rates to increase significantly as most insurers see multiple accidents as evidence of risky driving.

Car insurance company Oklahoma average annual premium for full coverage before an accident Oklahoma average annual premium for full coverage after an accident % increase
Allstate $2,298 $2,682 17%
Farmers $1,234 $1,733 40%
Geico $1,066 $1,592 49%
Home State Insurance Group $3,066 $3,189 4%
Mercury $1,558 $2,521 62%
MetLife $2,689 $3,039 13%
Oklahoma Farm Bureau $2,016 $2,184 8%
Progressive $1,342 $2,954 120%
Safe Auto $2,582 $3,189 24%
Shelter $2,603 $3,332 28%
USAA $1,388 $1,676 21%

Rates after a DUI

A DUI conviction is a serious matter and typically has a significant impact on average annual car insurance premiums. As seen below, a single DUI can triple the premium paid, though it is possible to find carriers that raise rates by less on average. Some states do not permit car insurance companies to immediately cancel coverage after a DUI. However, certain insurers will not renew coverage following a driver’s DUI conviction.

In Oklahoma as in most states, following a DUI conviction, a driver will need to make an SR-22 filing through the car insurance company. An SR-22 is a certificate proving that a driver is carrying a required limit of liability insurance. In Florida and Virginia, the requisite form is an FR-44.

Car insurance company Oklahoma average annual premium for full coverage before a DUI Oklahoma average annual premium for full coverage after a DUI % increase
Allstate $2,298 $2,891 26%
American Farmers & Ranchers Mutual $1,657 $2,762 67%
Farmers $1,234 $1,674 36%
Geico $1,066 $1,776 67%
Home State Insurance Group $3,066 $3,188 4%
Mercury $1,558 $1,972 27%
MetLife $2,689 $4,717 75%
Oklahoma Farm Bureau $2,016 $3,064 52%
Progressive $1,342 $1,888 41%
Safe Auto $2,582 $3,188 24%
Shelter $2,603 $3,122 20%
State Farm $1,773 $1,934 9%
USAA $1,388 $2,147 55%

Rate for teen drivers

Once teenage drivers are no longer covered on their parent’s policies, typically at age 18, average annual premiums for auto insurance increases dramatically. Car insurance companies believe that a general lack of driving experience makes teen drivers a higher risk. Data bears this out. To offset this risk, car insurers charge more for coverage.

As drivers age into their twenties, the risk decreases as well. Car insurance premiums typically level off for drivers once they reach 25 years of age.

Car insurance company Average annual premium for full coverage
Allstate $1,856
American Farmers & Ranchers Mutual $1,147
Farmers $956
Geico $1,279
Home State Insurance Group $4,108
Mercury $2,027
MetLife $4,562
Oklahoma Farm Bureau $4,113
Progressive $1,500
Safe Auto $3,187
Shelter $3,162
State Farm $1,776
USAA $2,257

*16 year old on their parent’s policy

Who is a high-risk driver?

For our purposes, we have looked at the specific factors that insurance companies typically believe relate directly to driving ability, in defining high risk drivers. These factors include both serious traffic violations and accidents. Because data indicates strongly that teen drivers are less safe behind the wheel than others, that factor is also discussed.

The car insurance industry as a whole takes a broader look at risk factors in determining premiums. In addition to the driving factors we discuss, auto insurers will also often look at other factors that data shows make a driver a greater risk. These factors include credit history, high crime rates where the vehicle is maintained and safety features on the vehicle itself.

How to lower your rate if you are a high-risk driver

There are a number of things you may be able to do to improve your rate if you are a high risk driver including:

  • Look for defensive driving and other courses to take. Your car insurance company may help identify courses it will allow you to take for a discount.
  • Look for a vehicle to purchase which has better safety scores and features than your current vehicle.
  • Practice defensive driving and obey all traffic laws.

Frequently asked questions

What is the best insurance company for high-risk drivers?

There is not a single auto insurance company that is best for everyone. This article identifies a number of companies that may best fit your needs. To find the right fit, obtain quotes from several quality car insurance carriers and compare.

How do you know if you are a high-risk driver?

As indicated above, a number of factors will determine if you are a high risk driver. Different insurers will weigh these factors differently. It is likely you will be considered high risk by some carriers if you’ve had one or more accidents or speeding tickets and almost certainly if you have a DUI.

How do you get out of the high-risk category?

First and foremost, drive carefully and obey all traffic rules and regulations. Driving for a number of years without a violation will encourage most car insurance companies to remove you from a high risk category. Finally, ask your insurer about specific steps you can take, such as completing a safe driving course, to help remove you from the category.

Methodology

Bankrate utilizes Quadrant Information Services to analyze 2021 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.

High-risk drivers
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.

Written by
Rick Hoel
Insurance Contributor
Rick Hoel is an international business attorney and legal and insurance writer for Bankrate.com, Reviews.com and Accessibility.com. Over the last several years, he has covered topics dealing with personal and commercial insurance and technology and the law. Rick is General Counsel and Director of Risk Management and sits on the Board of Power Stow Americas Inc., a subsidiary of Power Stow A/S in Denmark, the world leader in the supply of tracked conveyor systems to the airline industry.