Best cheap car insurance in Tulsa

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As the second-largest city in Oklahoma, Tulsa largely contributes to the 2.3 million licensed drivers in the state. With over 300,000 residents, Tulsa is densely populated and rapidly growing, not only resulting in longer than average commute time but also a high road accident index. According to data from the National Highway Traffic Safety Administration, Tulsa had an average of 1,078 serious accident injury cases in 2019. The vehicle insurance laws in the state mandate car owners to have minimum liability coverage to be able to legally drive. Without adequate insurance, you’re not only taking a financial risk but also putting yourself in danger of penalties and license suspension.

Tulsa motorists pay the highest in car insurance premiums in Oklahoma, an average of $523 for minimum coverage and $2,140 for full coverage annually. Depending on a number of factors, these rates can be steeper or lower for each person. By comparing some of the largest insurance providers in the country based on average premium rate, coverage options, discounts, customer service and industry ratings, we picked the best companies for the cheapest car insurance in Tulsa.

Best car insurance companies in Tulsa

The following insurers stand out in the crowded auto insurance market with their competitive rates, customer service and high industry ranking in the Oklahoma region.

  • Geico: Best budget car insurance
  • USAA: Best for military families
  • Allstate: Best for coverage options
  • Farm Bureau: Best for customer service
  • State Farm: Best for discounts
Insurance company J.D. Power score Average annual premium for minimum coverage Average annual premium for full coverage
Geico 871 / 1000 $292 $1,085
USAA 890 / 1000 $364 $1,574
Allstate 876 / 1000 $556 $2,244
Farm Bureau Not rated $553 $2,108
State Farm 881 / 1000 $441 $1,881

Geico

Not only is Geico a leading insurance company in the whole country, it also offers the cheapest minimum and full coverage rates in Tulsa. Whether you need bare-bones coverage or a comprehensive policy, trust Geico to have it all. The Maryland-based company insures just about any type of vehicle you might own – from motorcycles to watercraft – and has a range of discounts available upon eligibility. Some of the discounts are for a new vehicle, defensive driving, multi-vehicle, bundling policies and being in public service.

USAA

For years, the United States Automobile Association (USAA) has supported armed personnel and their families with affordable insurance policies, and in Tulsa, the organization has some of the cheapest coverage rates. One of the highest-rated insurance providers in the country, USAA consistently ranks at the top for customer service, budget-friendly pricing and a bevy of discounts. Membership costs $35 annually and offers a drop in premiums if the whole family signs up.

Allstate

Allstate provides a diverse range of coverage options which means you can get more than just basic coverage for a reasonable price. Whether you want to insure your high-end luxury vehicle or have coverage as a rideshare driver, Allstate provides you with more options than most other major auto insurance companies. Although the annual premium is on the expensive side, the features and discounts on offer more than make up for it.

Farm Bureau

Farm Bureau is available to everyone – not just farmers. All you have to do is join with an annual membership fee and take advantage of some of the cheapest auto insurance rates in Tulsa. The company has insurance policies for everyone, regardless of your credit score, driving history or type of vehicle. When you join, you are usually assigned a local agent who will work directly with you, creating a personalized customer service experience. Oklahoma Farm Bureau also has a high industry ranking and is often the first choice of insurer for small business owners.

State Farm

The largest insurance provider in the country, State Farm not only has competitive pricing in Tulsa but also the longest list of discounts offered by any insurer. Starting with the Drive Safe and Save program to discounts for anti-theft systems, customer loyalty, accident-free, defensive driving, good driving record, driver training course completion, passive restraint, multi-vehicle and multi-policy, State Farm makes it easy for every policyholder to save money on annual premiums in one way or another. Besides, the company also boasts of customer satisfaction and high-tech online tools to simplify the process of buying a policy, filing claims and requesting assistance.

Cheapest car insurance in Tulsa

A car owner’s top priority when purchasing insurance is almost always the price of the premium they’re paying. Sometimes the best insurance companies in a city might turn out to be beyond the range of the average person, calling for lower-priced options. But cheap doesn’t have to mean a compromise on quality. Car insurance is expensive in Tulsa and surrounding regions because of the heavy traffic and dense population. Compared to the national average of $1,738 annually, Oklahoma pays $1,878 and Tulsa is the priciest at $2,140 for full coverage. However, it is still possible to find cheap policies that offer more than the basic features.

The following table indicates the cheapest car insurance providers in Tulsa by market share.

Insurance Company Average Annual Premium for Minimum Coverage Average Annual Premium for Full Coverage
Geico $292 $1,085
USAA $364 $1,574
Mercury $434 $1,895
Farmers $438 $1,532
State Farm $441 $1,881

As discussed earlier in this article, Geico offers the cheapest full coverage in Tulsa, supported by superior industry ratings, efficient customer service and plenty of discounts. While USAA also provides affordable prices and a range of discounts alongside high customer satisfaction, it is limited to members of the armed forces and their families, excluding a large portion of the general demographic.

Although available in only 11 states, Mercury car insurance has affordable rates, mechanical breakdown protection for vehicles and options such as rideshare coverage. However, despite having a solid financial status, the company has more than the average number of complaints about customer service and claims filing. According to the reviews on Better Business Bureau, claims are often not paid in time and policies must be purchased through an agent.

Initially meant to help farmers cover their vehicles, Farmers Insurance is now a household name, with a large number of coverage options, multiple policies for home and car, many discounts to lower premiums and fewer than average complaints. On the downside, being a niche company, Farmers has a smaller reach than other insurers and customer service may often be a problem. Those who want to avoid such issues can always rely on State Farm, the biggest and most renowned insurance provider in the country with also some of the cheapest rates and big discounts.

Tulsa insurance requirements

It is mandatory to have car insurance to be able to drive anywhere in Oklahoma. The minimum insurance coverage legally required is:

  • Bodily Injury: $25,000 per person and $50,000 per accident
  • Property Damage: $25,000 per accident
  • Uninsured Motorist: $25,000 per person and $50,000 per accident

Keep in mind that the minimum coverage only protects you when you cause damage to someone else’s vehicle, property or person. To protect yourself and your vehicle against injury, you require more than the basic coverage. Besides dense traffic and a high index of road accidents, Tulsa also faces inclement weather for several months a year, and driving in rain, sleet or snow is often a safety concern. Full coverage auto insurance is strongly recommended to protect against unforeseen damage and financial loss.

Car insurance discounts in Tulsa

One of the best ways to lower the cost of the annual premium is to make use of discounts wherever available. In Tulsa, car owners can get discounts based on a number of factors, some of which are:

  • Customer loyalty: If you stay with the same insurer for several years, you may be rewarded with discounts and price cuts.
  • Good driver: Those with a clean driving record and no claims can get price cuts from some insurers in Tulsa.
  • Policy bundling: When you buy your auto insurance and home or renters insurance policies from the same company, you often get bundling discounts.
  • Safety features: The more safety features in your car (airbags, anti-lock brakes, daytime running lights) the cheaper it is to insure in Tulsa with certain insurance companies.
  • Anti-theft devices: Dashboard camera, steering wheel lock, car alarm are all devices that reduce and prevent chances of your car being stolen, besides earning you brownie points from your insurer.

Frequently asked questions

What is the best car insurance company?

The auto insurance market is crowded, and although there are plenty of companies to choose from, what works for one person may not work for another. Therefore, the best car insurance company for you will depend on your requirements, budget and extensive research into what is available in your city.

How much does car insurance in Tulsa cost?

Oklahoma features among the top five most expensive states for car insurance, and Tulsa pays the highest premium at an average of $2,140. This price may be higher or lower for you based on your type of vehicle, age, driving record and applicable discounts.

How much car insurance do I need in Tulsa?

You are legally required to have basic liability coverage to be able to drive in Tulsa. The state minimum liability coverage requirements in Oklahoma is 25/50/25. However, collision or comprehensive coverage is strongly recommended to protect against theft, fire, flood and storm damage.

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.