Best Oklahoma Car Insurance Companies 2021

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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.

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. That’s why it’s important to shop around and do your research to find the best car insurance in Oklahoma.

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 J.D. Power rankings and information about options and pricing to determine some of the best auto insurance companies in Oklahoma.

J.D. Power Rating AM Best Rating Average Annual Premium for Full Coverage
Allstate 832/1000 A+ $2,040
Geico 855/1000 A++ $1,025
Shelter Insurance 855/1000 A $2,569
State Farm 849/1000 A++ $1,765
USAA 905/1000 A++ $1,424

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 isn’t the cheapest car insurance in Oklahoma, its discounts such as good student, defensive driving, home and auto owners, and more can significantly bring rates down.

Geico

Geico offers one of the lowest prices for car insurance in Oklahoma and a long list of possible discounts to further reduce costs. Geico is also known for above average ratings in customer satisfaction and superior financial strength based on expert ratings. The car insurance company is especially friendly towards new and student drivers with its good student discount and distant student discount.

Shelter Insurance

This company got J.D. Power’s highest ranking and high marks from AM Best and the BBB. Shelter also offers various levels of coverage for drivers to customize their coverage based on needs and goals. Drivers can also add on from any of its extensive list of add-ons such as new car replacement and rental car.

Shelter allows drivers to completely manage their payments and claims processes online and through a mobile app, making it convenient for those on the go.

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, including the more liability, comprehensive, and collision 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. USAA ranks highest in customer satisfaction, financial strength and offers one of the most affordable car insurance in Oklahoma. The drawback is that only those related to military members or who have served in the military are eligible for USAA car insurance.

Average car insurance cost in Oklahoma

The average annual expenditure of car insurance in Oklahoma is $850.62 $1,878 for full coverage and $390 for minimum coverage as shown in the table below. This is slightly higher than the national average of $1,738 for full coverage.

Average annual premium for minimum coverage in Oklahoma Average annual premium for full coverage in Oklahoma
$390 $1,878

In addition to credit ratings and driving infractions, other factors like a driver’s age, marital status and gender 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

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.

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 will also 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’re looking for in terms of coverage options, discounts and add-ons. The first step is to also research car insurance companies in your zip code as rates and options differ based on ZIP code. If you’re on a budget and cannot afford full coverage, minimum coverage may be the way to go. However, obtaining full coverage is always the smartest choice as it can end up saving you money in the long run.

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. Check out a list of Bankrate’s Top Auto Insurance Companies in 2021 to consider when comparing car insurance companies. For example if you were involved in several accidents in the past, even if they were no-fault accidents, you may be better off 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 custom 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.

According to the III, 10.5% 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 can save you 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 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

 Frequently asked questions

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.

Methodology

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 cleaning 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 2018 Honda Accord, 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.