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. Although car insurance is required in the state, many Oklahaoma drivers in busy areas will likely 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 2020 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.

J.D. Power score AM Best rating Average annual premium for full coverage
Allstate 832/1,000 A+ $2,298
Geico 855/1,000 A++ $1,066
Shelter Insurance 855/1,000 A $2,603
State Farm 849/1,000 A++ $1,773
USAA *905/1,000 A++ $1,388

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

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.

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. While its coverage is pretty standard, there are options for customers to add roadside assistance and rental reimbursement to their policies. Geico is especially friendly towards new and student drivers with its good student discount and distant student discount.

Shelter Insurance

Although it only operates in 15 states, Shelter ties with the second-largest insurer, Geico, in customer satisfaction for the Central region. It also receives high marks from AM Best for financial strength. Shelter also offers various levels of coverage for drivers to choose 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 Oklahoma drivers on the go.

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. And with above-average customer satisfaction in the region, plus superior financial strength, State Farm helps solidify its top hold of market share.

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.

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 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 are also covered for damages caused by collision, theft, bad weather and uninsured or underinsured motorists. In a covered accident, fuller 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.

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.

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.