Whether you’ve been insuring a car in Oklahoma City for years or you are new to the area, you deserve to feel confident that you are getting the best rate possible on car insurance coverage to protect you in the event of an accident. In Oklahoma City, the average rate for minimum liability coverage is $543 per year and $2,084 per year for full coverage, but these rates can vary greatly between different carriers with costs influenced by increases in claims payouts. In Oklahoma alone, there are over 2.4 million licensed drivers on the road and in 2019, insurance companies incurred over $1.6 million dollars in losses.
With so many carriers to choose from, it can be difficult to know which car insurance company is the best. To give you a better idea of where to start shopping for coverage, we analyzed four main auto insurance carriers available in Oklahoma City. When comparing each company, we looked at factors like price, available discounts, customer service, claim handling and bundling options. Although getting a quote will yield a different experience for each driver, these companies are a great place to start.
Best car insurance companies in Oklahoma City
You should regularly review your insurance coverage to ensure you are getting the best rate and have the right coverage to meet your individual needs. Even if you are already insured with one carrier, it never hurts to get a quote from another company to compare. Based on the different savings options available along with how each company handles claims and interacts with their customers, here is a breakdown of the best car insurance companies in Oklahoma City.
|Insurance Company||J.D. Power Score||Average Annual Premium for Minimum Coverage||Average Annual Premium for Full Coverage|
|Geico||855 / 1000||$327||$1,054|
|Shelter||855 / 1000||$871||$2,974|
|Progressive||849 / 1000||$504||$1,584|
|State Farm||849 / 1000||$457||$1,795|
Geico is a great choice if you prefer to handle all your transactions electronically. From getting a quote to insuring a new vehicle, you can go through the whole process online in minutes. However, there are also local agents if you prefer face-to-face service. Consistently ranked high in overall customer satisfaction by J.D. Power, Geico offers 24/7/365 service and a user-friendly mobile app where customers can pay, file claims and even access their ID cards. Geico also offers a variety of discounts to offer Oklahoma City drivers including specific employer discounts, good driver discounts, military discounts, multi-vehicle discounts and more.
Ranked high among customer satisfaction in the Central region, Shelter Insurance is only available in select states, making it more personal to Oklahoma drivers. Despite being on the higher end of the price scale, you get a lot for your money including comprehensive roadside assistance along with new car replacement, disability income coverage, gap insurance and loss of use coverage. Plus, there are a variety of discounts available for being a good driver, a good student and even for completing safety courses. Choose from over 30 local agents who can help you select coverage, pay your premiums, and file claims.
For another company with lower premiums and a high customer satisfaction rating, Progressive Insurance might be the right company for you. There are dozens of local agents so you can easily sit down with someone to discuss your personalized insurance needs, but you can also access policy information online or via mobile app. Progressive provides a host of discounts and recently introduced the new Snapshot® rewards program that creates a personalized premium plan based on how safely and how often you drive—an attractive feature if you work from home and do not drive very often. Progressive also makes shopping for coverage easy by providing competitor rates and the Name Your Price® Tool that lets you specify what amount you want to pay and then shows you what coverage is available in your price range.
Ranked above average in customer satisfaction for the Central region, State Farm is a familiar and trusted company offering auto insurance throughout Oklahoma. State Farm offers a convenient user experience on their website, mobile app or face-to-face with over 20 agents available in the city alone. You may be eligible for safe driving discounts, good student discounts or multiple line discounts. If you do not mind sharing usage statistics, enrolling in the Drive Safe & Save™ discount program can provide large savings. You can also file and track your claim online along with finding a local mechanic and arranging the payout for repairs.
Cheapest car insurance in Oklahoma City
Every driver has different insurance needs and sometimes the best auto insurance company is the one that can provide you with standard coverage at the best rate. In Oklahoma City, Geico, USAA, Farmers, State Farm and Mercury provide the lowest annual average premium. Geico’s average annual rates in Oklahoma City alone beat the Oklahoma annual state average premium of $423 and $1,873 for minimum and full coverage respectively. Compared to the U.S. average of $565 per year for minimum coverage and $1,674 per year for full coverage, all but one of these companies falls under that average in both categories.
Although the average annual rate is a good place to start, auto insurance premiums can differ greatly depending on your unique situation and you may be eligible for more discounts than another driver. To maximize your savings, each company offers some version of a multi-car discount, good driver discount, good student discount and discounts for bundling your other policies with the same company. If you work for the military, government or other large employer, Geico and Farmers may have an additional discount available for you. If you do not drive very often, State Farm and Mercury may provide discounts based on vehicle usage. USAA rewards loyalty with length of membership and family discounts.
Each company also provides 24-7 claim service and offers roadside assistance to make you feel safe on the road. Plus, a convenient website and mobile app is available for customers to purchase coverage, make payments, review their policies and make claims. Although not all the companies rank higher than the Central region average in overall customer satisfaction, each scores well for financial strength with AM Best and personal reviews on the company website are positive overall.
|Insurance Company||Average Annual Premium for Minimum Coverage||Average Annual Premium for Full Coverage|
Oklahoma City insurance requirements
Each state has different minimum requirements for auto insurance. In Oklahoma, the required minimum coverage is:
- $25,000 per person and $50,000 per accident for bodily injury liability coverage
- $25,000 for property damage liability
Although this coverage will likely get you the cheapest policy, these amounts are just minimum requirements and may not be enough coverage for you. In a serious accident, medical bills incur quickly, especially if you hit a car with several passengers. You can easily max out that $50,000 coverage limit if someone requires surgery. When your coverage maxes out, you can be held personally liable for the rest of the expenses and the injured party may choose to pursue a lawsuit putting your other assets at risk. You should always make sure your liability coverage is high enough to protect yourself and if you are not sure what you need, speak to your insurance agent. Most drivers do not even realize that the cost difference is usually miniscule and well worth it in the event of a bad accident.
Additionally, if you have leased or financed your car, liability coverage will likely not be enough. Most banks and finance companies require full coverage (comprehensive and collision coverage) to be added onto your policy.
Car insurance discounts in Oklahoma City
There are a variety of discounts available to Oklahoma City Drivers. Although each auto insurance company will offer different discounts, most of them offer similar savings. When you get a quote, it is best to carefully read all of your discount options or ask a representative if there is anything else you may qualify for based on how you drive, what policies you have insured, your age or even your employer. Some of the most common discounts that provide the biggest savings include:
- Multi-policy discounts (bundling auto insurance with another insurance product through the same company)
- Safe driving discounts (savings for those with good driving records)
- Multi-car discounts (owning and insuring multiple vehicles on your policy)
- Good student discounts (for high school and college students who meet minimum GPA requirements)
- Vehicle safety discounts (newer vehicles with adequate air bags and other safety features may qualify)
Frequently asked questions
What is the best car insurance company?
To select the best car insurance company in Oklahoma City, you should compare several factors including customer satisfaction reviews, ease of use for their website and mobile apps, availability of discounts and their premium rates.
Bankrate utilizes Quadrant Information Services to analyze 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 sample drivers own a 2019 Toyota Camry, commute five days a week and drive 12,000 miles annually.
These are sample rates and should be used for comparative purposes only. Your quotes may be different.