Best car insurance in Oklahoma in 2022
The average cost of full coverage car insurance in Oklahoma is $1,873 per year, based on Bankrate’s review of quoted annual premiums. If you’re a driver in Oklahoma, you may be looking for the best cheap car insurance for your vehicle. But while finding cheap auto insurance is a priority, it could also be smart to consider other factors, like a company’s policy options and discounts, along with third-party ratings, to find the best car insurance.
To help you narrow down your search, Bankrate reviewed dozens of car insurance companies to find the best cheap car insurance in Oklahoma. We considered each company’s customer satisfaction ratings, third-party financial ratings, policy options, discounts and more. Based on our criteria, we found that USAA, State Farm and Geico are some of the best car insurance options available in the state. Depending on your unique needs, the carriers on our list may be worth looking into for a car insurance policy in Oklahoma.
Best car insurance companies in Oklahoma
Bankrate’s extensive research revealed USAA, State Farm, Geico, Progressive and Farmers as the best insurance companies in Oklahoma. USAA was included for its exceptional customer satisfaction rating and low premiums. Geico was included for its wide range of discounts and low prices. State Farm was included for its exceptional customer service, and Farmers and Progressive were included for their wide range of policy options.
Bankrate uses diverse factors to find the best auto insurance in Oklahoma. We factored in each company’s J.D. Power customer satisfaction score, financial strength ratings from third-party companies like AM Best and S&P, discounts, the latest premium data from Quadrant Information Services for each company’s average rates and policy offerings to create an individualized Bankrate Score. This Bankrate Score allows you to see which companies rank highest across these categories at a glance.
|Car insurance company||Bankrate Score||Average annual full coverage premium||J.D. Power customer satisfaction score|
*Not officially ranked with J.D. Power due to eligibility restrictions
USAA received the highest Bankrate Score and J.D. Power score of any company on our list. The company is known for low premiums, extremely high customer satisfaction, a wide range of policy options and top-notch customer service. However, only members of the U.S. military, veterans and qualifying family members can buy policies from the company.
Learn more: USAA Insurance review
State Farm ties with Geico, receiving the second-highest Bankrate Score on our list. State Farm is known for its high-quality customer service. Customers can call a helpline 24 hours a day, seven days a week. State Farm offers convenient features such as the ability to file a claim via its mobile app. The company also received a score of A++ (Superior) from AM Best for financial strength. However, State Farm’s premiums are the highest on our list.
Learn more: State Farm Insurance review
Geico, along with State Farm, received the second-highest Bankrate Score on our list. Geico scored above average in the J.D. Power Auto Insurance customer satisfaction study. In addition, the company offers the lowest premiums on our list. Before choosing Geico, drivers with a leased vehicle may want to keep in mind that the company does not offer gap insurance.
Learn more: Geico Insurance review
Progressive has the third-lowest average premium on our list. The company is known for its wide range of coverage options, including rideshare insurance and roadside assistance. Progressive also offers competitive discounts that you may qualify for, including a discount for signing up for paperless documents. Plus, the insurer was awarded an A+ (Superior) financial strength rating from AM Best. However, Progressive received a below-average customer satisfaction rating from J.D. Power.
Learn more: Progressive Insurance review
Farmers scored above average on the J.D. Power customer satisfaction survey. The company also has the second-cheapest average premium on our list. Farmers offers car insurance in all 50 states and Washington, D.C., and is known for its extensive car insurance coverage options, such as new car replacement and extended customized equipment coverage. The company is also is rated A (Excellent) by AM Best for its financial strength. However, the company received the lowest Bankrate Score of any company on our list.
Learn more: Farmers Insurance review
Average car insurance cost in Oklahoma
Average car insurance rates vary by state. The average cost of full coverage car insurance in Oklahoma is $1,873 per year, which comes in $199 higher than the national average of $1,674. However, minimum coverage car insurance is cheaper on average in Oklahoma than in the U.S. Oklahomans, on average, pay $142 less than the national average for minimum coverage insurance. These rates are 2021 quoted annual premiums from Quadrant Information Services. Actual rates will vary based on individual providers and drivers.
|Average annual premium for minimum coverage in Oklahoma||Average annual premium for full coverage in Oklahoma|
The average cost of full coverage insurance in Oklahoma may be more expensive than the national average for a few different reasons. According to a study by the Reason Foundation, the state’s rural and urban pavement are in relatively poor condition. Oklahoma has more structurally deficient bridges than 43 other states, and has a higher fatality rate than 42 other states.
How to find the best car insurance in Oklahoma
The best car insurance in Oklahoma will depend on individual rating factors, such as age, driving record, ZIP code and coverage preferences. However, the following steps may help you determine the best car insurance provider for you.
Consider minimum insurance requirements in Oklahoma
Every state except Virginia and New Hampshire requires drivers to have at least minimum liability insurance. Most insurance experts recommend carrying more than the minimum requirement for a greater level of financial protection. However, you may want to reference these requirements on the Oklahoma Insurance Department website or research Oklahoma’s insurance laws so you’re aware of how Oklahoma’s requirements compare to other states.
Consider lender requirements
Lenders and lienholders often require full coverage insurance for financed or leased vehicles. If the car is involved in an accident, they want to be sure funds are available to repair or replace it. Gap insurance, a coverage type that pays the difference between what the car is worth and what you owe on it, may be required. However, even without a requirement, drivers may want to consider the coverage to avoid having to make up the difference out of pocket.
Consider your individual needs
The best way to evaluate your needs is to look at your current circumstances, your past driving records and research the 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. If you’re adding a teen driver to your car insurance policy, you may want to search for a car insurance company with competitive student discounts.
Car insurance discounts in Oklahoma
To save on your car insurance, you may want to compare discounts offered by each insurance company. Standard discounts include vehicle security systems like anti-theft devices and safety systems, including air bags. You may also get a discount if you keep your car stored for a long period of time.
Other common discounts include:
- Young driver discounts: Discounts are often available to students who maintain good grades in school, typically a B-average and above. Young drivers in college away from home and without a car may also qualify for a distant student discount.
- Safe driver discounts: Many insurers offer savings to drivers who remain accident-free or drive a vehicle with safety features, such as anti-lock brakes. If you do have a mark on your driving record, you may be able to qualify for a discount by taking a safe driving course. Taking a safe driving course could be a great option for high-risk drivers.
- Other discounts: Some car insurance companies offer discounts for paying your premiums upfront or applying for paperless billing. You may also qualify for discounts if you bundle your home and auto insurance policies.
Frequently asked questions
What is the cheapest car insurance company in Oklahoma?
The cheapest car insurance companies in Oklahoma are Geico, USAA, and Farmers, according to Bankrate’s study of quoted annual premiums. However, the cheapest car insurance provider in Oklahoma for you will depend on individual circumstances. The easiest way to find the cheapest rate for you is to request quotes from multiple car insurance providers.
What is the minimum auto insurance coverage in Oklahoma?
All drivers in Oklahoma are required to maintain at least a minimum amount of liability coverage on their car insurance. In Oklahoma, the minimum requirements are $25,000 per person and $50,000 per accident, and $25,000 for property damage liability coverage. Although not required, most insurance agents recommend that you also purchase comprehensive coverage and collision coverage to insure your vehicle and medical payments for you and any passengers in your car. This extra coverage can help to better protect your finances in the event of an accident or in the event of other types of covered losses.
How much is car insurance a month in Oklahoma?
The average cost of full coverage car insurance in Oklahoma is $1,873 per year. However, your car insurance rates will be based on a number of rating factors, like the type of car you drive, your ZIP code, your annual mileage and more. The best way to know if you’re getting a competitive price on your car insurance is to shop around and request quotes from multiple insurance companies.
Bankrate utilizes Quadrant Information Services to analyze 2022 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 coverage that meets each state’s requirements. Our base profile drivers own a 2020 Toyota Camry, commute five days a week and drive 12,000 miles annually.
Individual city rates reflect 2021 data and a 2019 Toyota Camry.
These are sample rates and should only be used for comparative purposes.
Bankrate Scores primarily reflect a weighted rank of industry-standard ratings for financial strength and customer experience in addition to analysis of quoted annual premiums from Quadrant Information Services, spanning all 50 states and Washington, D.C. We know it is important for drivers to be confident their financial protection covers the likeliest risks, is priced competitively and is provided by a financially-sound company with a history of positive customer support.
To determine how well the best car insurance companies satisfy these priorities, third-party agency ratings from J.D. Power, AM Best, S&P, NAIC, and Moodys had the most impact on the companies’ Bankrate Scores. As price is a common consideration for drivers, we analyzed quoted premiums based on 40-year-old male and female drivers with a 2020 Toyota Camry. This profile, assessed across more than 35,000 ZIP codes in the U.S., provided a basis on which drivers may compare each provider.
While coverage options, insurer availability, affordability and customer experience are often the top priorities, Bankrate also analyzed each insurer’s online and mobile resources for policy management and claims handling. Insurance is rapidly evolving to keep pace with our digital world, so these aspects also carried weight in determining Bankrate Scores.