Best Oklahoma Car Insurance Companies 2020

Fact-checked with HomeInsurance.com

1

At Bankrate we strive to help you make smarter financial decisions. While we adhere to strict , this post may contain references to products from our partners. Here’s an explanation for

There are about 2.5 million licensed drivers in Oklahoma. With 46% male and 54% female drivers, the average cost of insurance premiums in Oklahoma is $850.62. If you’re comparing Oklahoma’s insurance rates with the cost of auto insurance premiums in all 50 states, it’s not the cheapest. In fact, Oklahoma sits squarely in the middle with a rank of 25 out of 50. This may be because Oklahoma ranked third most dangerous state to drive in, according to a recent study of all 50 states mostly due to high incidences of aggressive driving, poor road quality, driving above the speed limit and crashes involving teens.

Best car insurance companies in Oklahoma

Shopping for car insurance shouldn’t be only about price because, since customer service is also an important factor to consider. Marketing research company J.D. Power conducted its 2019 U.S. Auto Insurance Study, an annual customer satisfaction survey of auto insurance companies. We used those rankings and information about options and pricing to determine some of the best auto insurance companies in Oklahoma.

  • 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.
  • Geico: Geico offers low prices and a long list of possible discounts.
  • Shelter Insurance: This company got J.D. Power’s highest ranking and high marks from AM Best and the BBB.
  • State Farm: State Farm has several discounts, like the Safe Driver and Safe Vehicle, that can help make plans affordable. This company also offers a wide range of other insurance options.
  • USAA: If you are eligible for USAA, you will likely be able to save money with USAA insurance. Its plans are available for military members and their families.
J.D. Power Rating AM Best Rating BBB Rating
Allstate 3 out of 5 stars A+ A+
Geico 4 out of 5 stars A++ B+
Shelter Insurance 5 out of 5 stars A A+
State Farm 5 out of 5 stars A++ A
USAA 5 out of 5 stars* A++ Not accredited

*While USAA was reviewed, it was not ranked because it is only available to military members and their families, making the company ineligible for J.D. Power rankings.

Finding the right cheap car insurance in Oklahoma for you

Insurance companies review your driving behavior, how often and how far you drive, what you drive, where you live, your profession and the kind of coverage you need. They also factor in your credit history and whether you have any previous accidents or other driving infractions. Because every driver has different needs and coverage requirements, here are some of the cheapest coverages we could find for different scenarios for Oklahoma Drivers from a study by U.S. News and World Report:

Cheapest car insurance for Oklahoma drivers with good credit: USAA

If you’re eligible for USAA and have good credit, you’ll pay an average of $992.64. If you have good credit but don’t have a military connection, Geico is the runner-up with an average cost of $1,260.53.

Cheapest car insurance companies for Oklahoma drivers with fair credit: USAA

USAA is again the least expensive with an average rate of $1,232.64. Geico also comes in second with an average cost of $1,570.42. Geico may also be able to make that rate lower with discounts for drivers.

Cheapest car insurance companies for Oklahoma drivers with bad credit: Geico

Geico has the least expensive average rate at $1,880.34. The discounts the company provides can also help drivers with bad credit find ways to reduce their costs.

Oklahoma insurance rates for drivers with a clean driving record: USAA

USAA offers excellent rates for people in the military, and people with a clean driving record can especially take advantage of those with an average cost of $992.64. Geico is another option for people who don’t qualify for USAA. Geico has an average rate of 41260.53.

Oklahoma insurance rates for drivers with a speeding ticket: USAA

USAA is again the least expensive with an average of $1,192.39. State Farm is the next least expensive with an average cost of $1,360.83.

Oklahoma insurance rates for drivers with an accident: USAA

USAA has the least expensive average rate with a cost of $1,384.03. For those who aren’t eligible for USAA, State Farm is the next cheapest option, with an average of$1,445.01 annually after an accident.

Oklahoma DUI auto insurance rates – 1 DUI: State Farm

A DUI charge will increase auto insurance rates for everyone. State Farm offers the least expensive coverage in Oklahoma for someone with a DUI on their record, at an average of $1,360.83. While there are some discounts that someone with a DUI won’t be eligible for, there may be some options to help lower the cost.

Average cost of Car Insurance in Oklahoma

The average annual expenditure of car insurance in Oklahoma is $850.62 with Oklahoma drivers spending an average of $476.10 for liability, $331.07 for collision, and $233.14 for comprehensive coverages. In addition to credit ratings and driving infractions, other factors like a driver’s age, marital status and gender also influence insurance rates.  Here are some general insurance rate comparisons for Oklahoma drivers from The Zebra insurance company comparison website:

Car Insurance rates for young drivers by age:

Age Average Annual Premium
16 $7,433.19
17 $6,734.06
18 $5,922.93
19 $3,567.90
20’s $2,043.44

Car Insurance rates for adult drivers by age:

Age Average Annual Premium
30’s $1,481.68
40’s $1,426.51
50’s $1,319.39
60’s $1,331.10
70’s $1,551.19

Oklahoma car insurance rates by marital status:

Age Average Annual Premium
Single $1,513.96
Married $1,421.15
Divorced $1,513.96
Widowed $1,478.35

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 can also get a discount if you keep your car in a garage.

Here are some discounts we found for some of the cheapest car insurance companies we’ve rated above:

USAA

  • Accident-free driving
  • Multiple auto policies
  • Completing defensive driving courses
  • Having good credit
  • On-Base insurance discounts for members of the military

Geico

  • Vehicle equipment (air bags, anti-theft, anti-lock brakes, daytime running lights)
  • Driving history and habits (defensive driving course completion, use of seatbelt)
  • Driver’s education (defensive driving, driver’s education course, good student discount)
  • Military (members of the military, emergency deployment)
  • Federal employees
  • Memberships
  • Multi-vehicle, multi-policy

State Farm

  • Safe Driver (accident free, defensive driving, good driving, student away at school, driver training course completion, good student)
  • Safe Vehicle (discount for 1994 and newer vehicles, passive restraint discount, anti-theft)
  • Customer Loyalty (multi-vehicle and multi-policy)

Shelter Insurance

  • Safe driver (defensive driver, accident prevention course completion)
  • Good student
  • Pay in full
  • Multi-car policy
  • Bundle car/homeowners or renter policies
  • Bundle car/life insurance policies
  • Vehicle equipment (passive restraint)
  • Military
  • Anti-theft devices
  • Window ID system

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 and $25,000 coverage per accident for property damage.

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’re also covered for damages caused by collision, theft, bad weather and uninsured or underinsured motorists. You may also want to add roadside assistance and rental car reimbursement options.

 Frequently asked questions

What is the cheapest liability car insurance in Oklahoma?

The cheapest car insurance we could find in Oklahoma is $747/year for liability-only coverage $100K/$300K/$100K Bodily Injury/Property Damage. This is basic liability coverage that pays if you hurt another driver or cause property damage in an accident that you’re responsible for, however it won’t pay for your damages or medical expenses.

What information is needed to get car insurance in Oklahoma?

At minimum, you’ll need to have your driver’s license, registration, vehicle make, model and year to get a quote. You’ll 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’ve had too many driving infractions or accidents and are having trouble getting an Oklahoma car insurance policy, call Oklahoma’s Automobile Insurance Plan at 405-842-0844.

 What if my car insurance payment is late?

There’s no grace period for late payments in Oklahoma.