Best car insurance in Oklahoma for 2021

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There are about 2.5 million licensed drivers in Oklahoma. Compared to other U.S. states, auto insurance rates in Oklahoma are mid-range with premiums averaging $423 annually for minimum coverage and $1,873 annually for full coverage. Car insurance is required in the state, and many Oklahoma drivers in busy areas want to purchase it for their own protection against rising fatality rates on urban roads. According to the Oklahoma Highway Safety Office, the number of motor vehicle accidents causing death has significantly increased over the years, while rural fatalities have decreased.

With so many insurance companies in the market today, no one wants to be stuck paying more for an insurance premium while getting less coverage, options, and customer service. To help you shop around, Bankrate researched multiple companies and assessed each one based on its 2021 premium data, collected from Quadrant Information Services, to find the best car insurance companies in Oklahoma. We looked into the customer satisfaction and coverage options of each one to help ensure a strong starting list for comparison.

Best car insurance companies in Oklahoma

Shopping for car insurance often includes more than just the price because other factors, like customer service, are also important to consider. Marketing research company J.D. Power conducted its 2021 U.S. Auto Insurance Study, an annual customer satisfaction survey of auto insurance companies. We used J.D. Power rankings for the Central region and information about options and pricing to determine some of the best auto insurance companies in Oklahoma.

Car insurance company Bankrate Score Average annual full coverage premium J.D. Power customer satisfaction score
(Central region)
USAA 4.8 $1,225 897/1,000*
State Farm 4.4 $1,457 847/1,000
Liberty Mutual 3.9 No data available 825/1,000
Farmers Insurance 3.8 $2,000 848/1,000
Allstate 3.6 $1,921 826/1,000

*Due to membership eligibility restrictions, USAA is not eligible for ranks by J.D. Power.

USAA

If you are eligible for USAA, you will likely be able to save money with USAA insurance. In addition to low average premiums, USAA reports that its members save an average of $707 per year. USAA scores highest in customer satisfaction, though only military members and their families will be able to enjoy its services. For those on deployment, USAA may be especially appealing as it has unique coverages and discounts for military-specific circumstances.

Learn more: USAA Insurance review

State Farm

With State Farm, Oklahoma drivers are able to purchase insurance for a variety of vehicles, from standard cars to sports and classic vehicles. Options are available for both teens and adults to save with safe-driving programs, saving policyholders at least 15% on premiums. With above-average customer satisfaction in the region, plus superior financial strength, State Farm helps solidify its top hold of market share.

Learn more: State Farm Insurance review

Liberty Mutual

Another established insurance company offering affordable policies is Liberty Mutual. With multiple coverage options and several policy add-ons available, Liberty Mutual offers policyholders plenty of ways to customize their policies. The discounts are also varied, the most notable ones being online signup, safe driver programs, and contributing $30 annually to a deductible fund to have your deductible reduced by $100. Liberty Mutual has an A rating from AM Best, and is the only company on our list to offer teacher’s insurance for vehicles parked on school premises.

Learn more: Liberty Mutual Insurance review

Farmers Insurance

One of the largest and oldest car insurance companies, Farmers is a trusted name among those who want an affordable and flexible auto insurance policy. Customers can choose from attractive add-ons such as accident forgiveness, rideshare coverage, new car replacement coverage, and original manufacturer parts coverage. There are discounts for being a homeowner, safe driver, teen driver, under-25 driver and for having a vehicle equipped with safety features, among others. Farmers is the seventh-largest auto insurer in the country and has fewer than average complaints registered by the NAIC.

Learn more: Farmers Insurance review

Allstate

Allstate has many options for car insurance coverage, plus discounts and bundling possibilities that customers can use to save extra money on their insurance policies. Although it is not the cheapest car insurance in Oklahoma, drivers have multiple opportunities to earn savings – whether they own a brand new car or attend school and maintain good grades, among other things. With useful coverages, such as roadside jumpstarts, policyholders are likely to feel secure knowing Allstate is backing their vehicles.

Learn more: Allstate Insurance review

Average car insurance cost in Oklahoma

The average annual expenditure of car insurance in Oklahoma is $423 for minimum coverage, which falls under the national average of $565 per year. However, Oklahoma’s average rate of $1,873 per year for full coverage is notably higher than the national average of $1,674 per year, which may in part be due to its dangerous road trends. Compared to Kansas, which has average annual premiums of $410 and $1,698 for minimum and full coverage, respectively, Oklahoma’s drivers are likely to pay more for insurance.

Average annual premium for minimum coverage in Oklahoma Average annual premium for full coverage in Oklahoma
$423 $1,873

In addition to credit ratings and driving infractions, other factors like a driver’s age, marital status and gender may also influence insurance rates.

State minimum insurance requirements in Oklahoma

To meet Oklahoma’s minimum insurance coverage requirements, drivers are required to have 25/50/25 liability insurance with:

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

While not required in Oklahoma, insurance companies must also offer you uninsured motorist coverage, which you may decline. Because Oklahoma’s legally-required basic liability insurance minimum requirement pays only for bodily injury and lost wages caused to the other driver if you cause an accident, you may want to make sure you are also covered for damages caused by collision, theft, bad weather and uninsured or underinsured motorists. In a covered accident, full coverage could help pay for damage to your vehicle and leave you with less of a financial burden. Many people also choose to add roadside assistance and rental car reimbursement options.

How to get the best car insurance

Each car insurance company evaluates drivers differently to come up with a car insurance quote. Car insurance companies will look at driving record, claims history, credit score and accident history to determine if there will be a high or low risk involved to insure a driver. Auto insurance companies also typically look at gender, age, marital status, employment and other personal details as well.

To get the best car insurance, understand your background and determine what you are looking for in terms of coverage options, discounts and add-ons. To begin your research on different car insurance companies, you could research insurers in your local ZIP code and see how rates differ based on your selections and details. If you are on a budget and cannot afford full coverage, minimum coverage may be the way to go. However, because minimum coverage may not provide high enough limits to cover the full extent of damage from an accident, most experts recommend purchasing fuller coverage when possible.

Evaluate your needs

The best way to evaluate your needs is to look at your current circumstances and your past driving records and to research top car insurance companies. For example, if you were involved in several accidents in the past, even if they were no-fault accidents, you may consider looking for a car insurance company that offers accident forgiveness. Your current circumstances can also affect your car insurance selection such as if you own a home you may want to search for a car insurance company that allows you to bundle home and auto so that you can save more money.

Consider state factors

Each car insurance company offers several add-on options that you can choose from to create a personalized car insurance coverage plan. Depending on your ZIP code, your state, the climate where you live and other factors, you may want to consider additional add-ons. For example if you live in an area with a higher crime rate, you may want to consider anti-theft add-ons. For example, if you live in an area with a higher crime rate, you may want to consider anti-theft add-ons.

According to the Insurance Information Institute (III), 13% of drivers in Oklahoma are uninsured. That may not seem like a high percentage, but it may be a good idea to get uninsured motorist coverage as it might save you money in the event you are involved in a no-fault accident with an uninsured driver.

Car insurance discounts in Oklahoma

To get the best insurance rates, compare discounts offered by each insurance company. Standard discounts include vehicle security systems like anti-theft devices and safety systems, including airbags. You may also get a discount if you keep your car stored for a long period of time.

Other common discounts include:

  • Defensive driving courses: Many insurers offer savings to drivers who complete approved safe-driving courses.
  • Paying in full: Paying your premiums upfront could earn you a discount with many providers and save you the hassle of a monthly bill.
  • Good student: Discounts are often available to students who maintain good grades in school, typically a B-average and above.
  • Accident-free: If you go a set amount of years without an accident, you may be eligible for a discount based on your clean driving record.

Frequently asked questions

What information is needed to get car insurance in Oklahoma?

At minimum, you will need to have your driver’s license, registration, vehicle make, model and year to get a quote. You may also be asked other questions to determine your annual mileage, lifestyle and driving habits.

I’m having trouble getting insured. Where can I buy high-risk auto insurance?

If you have had too many driving infractions or accidents and are having trouble getting an Oklahoma car insurance policy, one option is to look into Oklahoma’s Automobile Insurance Plan, which helps provide coverage to high-risk drivers who have trouble finding traditional car insurance.

What if my car insurance payment is late?

Each company is likely to have its own policies in line for how late payments are handled. To ensure that you understand how your policy works, consider contacting your insurer. Many providers allow you to schedule automatic payments, which could help prevent late premiums.

What are the penalties for driving uninsured?

Driving without insurance is considered a misdemeanor in most states. Common penalties include fines, jail time and suspension of license.

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.

Bankrate Scores

Bankrate scores primarily reflect a weighted rank of industry standard ratings for financial strength (AM Best, S&P, Moody’s) and customer experience (J.D. Power, NAIC), in addition to average quoted rates from Quadrant Information Services. The J.D. Power studies utilized include the 2020 Auto Insurance Study and the 2020 Auto Claims Study. Our Bankrate editorial team’s extensive research and analysis provided a secondary assessment of each insurer’s online and mobile resources and policy management options, which also contributed to overall ratings.

Written by
Mariah Posey
Insurance Editor
Mariah Posey is an insurance writer and editor for Bankrate.com specializing in auto and home insurance. She aims to make the insurance journey as convenient as possible by keeping the reader at the forefront of her mind in her work. With a background in reporting and feature writing, she has a knack for conducting research, writing factually while incorporating compelling details, and prioritizing story intent. Mariah is originally from New Jersey and holds a bachelor’s degree in journalism from Elon University. Prior to joining the team, she worked as a copyeditor and writing consultant at her alma mater. She has covered topics ranging from news to tech and lifestyle and has a vested interest in producing engaging content for audiences.
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