Deciding which companies quote the most affordable insurance rates for drivers under 25 involves a bit more effort in order to find the best price.
Each auto insurance company has a different formula for determining prices, so let’s rank the insurance companies with the overall best prices in Oklahoma. It’s important that readers know that Oklahoma City, OK insurance rates are based on many factors which can significantly increase or decrease the price you have to pay for coverage. Turning one year older, becoming a homeowner, or having an at-fault accident may prompt premium changes resulting in some rates now being cheaper than before.
Find the Cheapest Auto Insurance for Young Drivers
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | USAA | $1,161 |
| 2 | Oklahoma Farmers Union | $1,190 |
| 3 | The Hartford | $1,373 |
| 4 | GEICO | $1,381 |
| 5 | Safe Auto | $1,419 |
| 6 | Farmers | $1,436 |
| 7 | State Farm | $1,583 |
| 8 | Liberty Mutual | $1,852 |
| 9 | Travelers | $1,868 |
| 10 | Mercury | $1,973 |
| 11 | OK Farm Bureau | $2,058 |
| 12 | MetLife | $2,169 |
| 13 | Home State | $2,193 |
| 14 | Shelter | $2,194 |
| 15 | Progressive | $2,245 |
| 16 | Allstate | $2,472 |
| 17 | Safeco | $5,158 |
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USAA may have some of the cheapest car insurance rates in Oklahoma City at around $1,161 a year. This is $806 less than the average rate paid by Oklahoma drivers of $1,967. Oklahoma Farmers Union, The Hartford, GEICO, and Safe Auto would also make the list of some of the best Oklahoma City, OK insurance companies.
As the example above demonstrates, if you are a policyholder with GEICO and switched to Oklahoma Farmers Union, you may realize an annual premium reduction of about $191. Drivers with Safe Auto may save as much as $229 a year, and Farmers customers might lower prices by $246 a year.
Bear in mind that those premium estimates are averaged for all ages of drivers and types of vehicles and do not take into consideration an exact vehicle garaging location for drivers under 25. So the auto insurance company that fits you best may not even be in the top 17 companies in the list above. That points out the importance of why you need to compare rates from as many companies as possible using your own driver information and specific vehicle type.
The vehicle model that needs insurance is a significant factor that determines whether or not you find the most affordable car insurance for drivers under 25. Vehicles with lower performance, an excellent safety record, or a track record of few liability claims will cost quite a bit less to insure than high performance models. The information below outlines auto insurance premiums for some of the cheapest vehicles to insure.
| Vehicle Make and Model | Estimated Cost for Full Coverage |
|---|---|
| Honda Accord LX 4-Dr Sedan | $2,835 |
| Honda CR-V LX 4WD | $2,840 |
| Ford Escape Limited 4WD | $3,089 |
| Jeep Wrangler Sport Islander Package 4WD 2-Dr | $3,115 |
| Toyota Prius | $3,132 |
| Ford Edge SE AWD | $3,327 |
| Honda Odyssey EX | $3,333 |
| Volkswagen Jetta 2.0T Station Wagon | $3,342 |
| Chevrolet Equinox LS AWD | $3,370 |
| Dodge Grand Caravan Hero | $3,380 |
| Jeep Grand Cherokee Laredo 2WD | $3,370 |
| GMC Sierra SLE Regular Cab 2WD | $3,377 |
| Toyota RAV4 4WD | $3,370 |
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Prices based on single male driver age 20, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Oklahoma minimum liability limits. Discounts applied include claim-free, and safe-driver. Premium costs do not factor in the specific area where the vehicle is garaged which can affect coverage prices substantially.
Based on these rates, we can assume that vehicles like the Honda Accord, Honda CR-V, and Ford Escape will definitely be the more affordable vehicles to insure for drivers age 25 and younger. Car insurance rates will be more expensive just due to the fact that there is a higher risk for drivers under 25, but overall those models will most likely have the lowest insurance prices compared to all other vehicles.
For drivers age 25 and younger, one of the more important considerations that are looked at to determine the annual cost of car insurance is where your car is garaged. More populated areas tend to have more expensive auto insurance rates, whereas areas with less congestion have the enjoyment of a little cheaper coverage.
The following table lists the highest-priced areas in Oklahoma for drivers under 25 to purchase car insurance in. Oklahoma City comes in at #4 with an annual cost of $2,199 for the average insured, which is approximately $183 each month.
| Rank | City | Premium Per Year |
|---|---|---|
| 1 | Tulsa | $2,259 |
| 2 | Sand Springs | $2,205 |
| 3 | Midwest City | $2,205 |
| 4 | Oklahoma City | $2,199 |
| 5 | Bixby | $2,169 |
| 6 | Sapulpa | $2,165 |
| 7 | Bethany | $2,157 |
| 8 | Del City | $2,155 |
| 9 | Broken Arrow | $2,151 |
| 10 | Edmond | $2,105 |
| 11 | Moore | $2,090 |
| 12 | Owasso | $2,064 |
| 13 | Yukon | $2,055 |
| 14 | Claremore | $2,048 |
| 15 | Norman | $2,033 |
| 16 | Shawnee | $2,028 |
| 17 | Ponca City | $1,976 |
| 18 | Stillwater | $1,970 |
| 19 | Enid | $1,961 |
| 20 | Ardmore | $1,955 |
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Information shown are comparative as specific Oklahoma City garaging address can modify coverage rates noticeably.
Illustration showing the impact of accidents and violations
In a perfect world, the best way to maintain low insurance premiums for drivers age 25 and younger is to drive safely and have a clean driving record. The information below highlights how traffic violations and at-fault collisions can influence insurance costs for different age groups of insureds. The premiums assume a married female driver, full physical damage coverage, $500 deductibles, and no additional discounts are factored in.
The chart shows that the average cost of car insurance per year with no accidents or violations is $2,152. Factor in one speeding ticket and the average cost hikes up to $2,514, an increase of $361 each year. Then add in one accident along with the one speeding ticket and the annual cost of insurance for drivers under 25 increases to an average of $3,529. That’s an increase of $1,377, or $115 per month, just for not driving carefully!
Finding a highly-rated auto insurance company can be challenging considering how many choices you have in Oklahoma City. The rank data in the next section can help you analyze which car insurance companies to look at when trying to find cheaper insurance for drivers under 25.
These rankings only include large nationwide companies, so smaller regional companies are not factored into this list. To compare prices from these top insurers and more, simply click here.
Top 10 Major Auto Insurance Providers Overall in Oklahoma City
- Travelers
- USAA
- Mercury Insurance
- AAA Insurance
- Nationwide
- Allstate
- State Farm
- The Hartford
- Safeco Insurance
- Progressive
Top 10 Major Auto Insurance Providers in Oklahoma City Ranked by A.M. Best Rating
- Travelers – A++
- GEICO – A++
- State Farm – A++
- USAA – A++
- Nationwide – A+
- Allstate – A+
- Mercury Insurance – A+
- The Hartford – A+
- Esurance – A+
- Progressive – A+
How to get discounts on Oklahoma City insurance rates
Insurance companies that offer quotes for drivers under 25 may also give you rate discounts that can lower rates by 40% or more if you meet eligibility requirements. Larger insurance companies and some of their more popular discounts are:
- Farm Bureau offers discounts including multi-vehicle, safe driver, youthful driver, good student, and driver training.
- MetLife may include discounts for claim-free, defensive driver, good student, accident-free, and multi-policy.
- Progressive may have discounts that include online quote discount, multi-policy, multi-vehicle, homeowner, continuous coverage, online signing, and good student.
- AAA includes discounts for AAA membership discount, good driver, anti-theft, multi-car, multi-policy, and education and occupation.
- American Family offers premium reductions for Steer into Savings, mySafetyValet, early bird, air bags, bundled insurance, and defensive driver.
- GEICO offers discounts for five-year accident-free, anti-lock brakes, defensive driver, federal employee, military active duty, and emergency military deployment.
- State Farm has savings for student away at school, accident-free, defensive driving training, multiple policy, safe vehicle, passive restraint, and driver’s education.
The information below illustrates the comparison of insurance prices with and without discounts applied to the rates. The data assumes a male driver, no accidents or driving violations, Oklahoma state minimum liability limits, full physical damage coverage, and $1,000 deductibles.
The first bar for each age group shows insurance cost with no discounts. The second shows the rates with continuous coverage, paperless filing, paid-in-full, good student, passive restraint, and vehicle safety discounts applied. When discounts are applied, theamount saved on insurance for drivers under 25 is 19% or $362.
Don’t stick with an overpriced policy
Oklahoma City insurance rates are impacted by many things that will increase or decrease the cost of coverage. Simply getting older, having a claim, or getting a couple of tickets may prompt premium changes resulting in some companies being cheaper than before. Not only may your situation change, but auto insurance companies change rates as needed to adjust for unexpected claims or profits. Heavy losses can cause price increases, while lower claims can cause more affordable Oklahoma City car insurance rates.
The chart below shows the cheapest car insurance in Oklahoma City, OK for a 30-year-old female driver with no accidents, a clean driving record, and solid credit. When quoting prices based on her personal profile, USAA might offer the best car insurance rates in Oklahoma City at $1,369 annually. This is $598 less than the average price paid by Oklahoma drivers of $1,967. Oklahoma Farmers Union, The Hartford, Farmers, and GEICO are the remaining most affordable Oklahoma City, OK auto insurance companies.
The example below compares rates after we give the driver from the first example an accident surcharge, a lower credit rating, and an imperfect driving record. Due to the fact that every insurance company has a different process to determine rates, getting updated rate quotes could now result in a different list of cheap Oklahoma City auto insurance companies as shown below.
State Farm now has the lowest price on auto insurance in Oklahoma City, OK with Oklahoma Farmers Union, Liberty Mutual, Travelers, and GEICO now rounding out the top five. This illustrates why Oklahoma drivers need to shop around with many companies when trying to get the best car insurance rates for drivers under 25.
Rates consist of many risk factors and can decrease or increase without notice, so the cheapest option the last time you compared rates may now be one of the higher cost companies.