Who Has Affordable Auto Insurance Rates for a 20 Year Old Male in Oklahoma City?

For young men, one of the more important components that aid in calculating auto insurance rates is the neighborhood you call home in Oklahoma City. Larger areas will most likely pay more, whereas areas with less crime or weather claims have the benefit of cheaper auto insurance prices.

The next table shows the priciest cities in Oklahoma for 20 year old guys to purchase auto insurance in. Oklahoma City shows up at #5 with an annual rate of $2,199 on average, which is around $183 per month.

How much does car insurance cost in Oklahoma City, OK?
Rank City Annual Rate
1 Bethany $2,223
2 Tulsa $2,215
3 Midwest City $2,205
4 Sand Springs $2,205
5 Oklahoma City $2,199
6 Del City $2,177
7 Owasso $2,148
8 Bixby $2,147
9 Broken Arrow $2,130
10 Edmond $2,105
11 Norman $2,095
12 Moore $2,090
13 Sapulpa $2,081
14 Yukon $2,076
15 Claremore $2,048
16 Shawnee $1,968
17 Ponca City $1,956
18 Muskogee $1,943
19 Bartlesville $1,941
20 Ardmore $1,936
21 Duncan $1,923
22 Lawton $1,922
23 Stillwater $1,911
24 Enid $1,904
25 Altus $1,894
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Prices are approximated as specific Oklahoma City garaging address can raise or lower coverage rates significantly.

The make and model of vehicle you are seeking coverage for is one of the primary factors in finding cheap insurance for 20 year old guys. Vehicles with high performance engines, poor safety ratings, or an increased likelihood of liability claims will cost significantly more to insure than more economical and safe models.

The next table showcases insurance prices for a number of the most budget-friendly vehicles to buy insurance for.

Cheapest Vehicles to Insure in Oklahoma City, OK
Vehicle Make and Model Estimated Cost for Full Coverage
Ford Escape XLS 2WD $2,749
Honda Accord EX 4-Dr Sedan $2,758
Honda CR-V EX-L 2WD $2,791
Honda Odyssey LX $3,019
Toyota Prius $3,035
Ford Explorer Eddie Bauer 2WD $3,060
Dodge Grand Caravan CV $3,070
Toyota Tacoma 2WD $3,223
Ford Edge SEL 2WD $3,230
Ford Fusion S 4-Dr Sedan $3,265
Chevrolet Equinox LT AWD $3,271
Toyota RAV4 Limited 2WD $3,265
Jeep Wrangler Unlimited Sport Islander Package 4WD 4-Dr $3,304
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Cost estimates assume 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. Rate quotes do not factor in the specific area where the vehicle is garaged which can influence coverage rates noticeably.

Looking at the rates, cars like the Ford Escape, Honda Accord, and Honda CR-V are the most budget-friendly vehicles to insure for young men. The cost of auto insurance will tend to be more expensive just due to the fact that there is more liability exposure for 20 year old guys, but generally speaking those particular models will have the best rates possible.

Determining which companies have the best auto insurance rates for 20 year old guys involves a tad more effort in order to find the lowest price. Every car insurance company uses their own calculation for setting rates, so let’s take a look at the overall cheapest auto insurance companies in Oklahoma.

We do need to point out that Oklahoma City auto insurance rates are impacted by many things that control the price you pay for coverage. Getting older, having a claim, or having a fender bender can cause premium changes that can now make some companies cheaper than competitors.

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USAA generally has some of the most affordable car insurance rates in Oklahoma City at around $1,150 a year. Oklahoma Farmers Union, The Hartford, GEICO, and Safe Auto also make the cut as some of the best Oklahoma City, OK insurance companies.

In this example, if you currently buy coverage from GEICO and switched to Oklahoma Farmers Union, you may see yearly savings of upwards of $227. Policyholders with Safe Auto might save as much as $251 a year, and Farmers policyholders might reduce rates by $268 a year.

Understand that those policy prices are averages for all drivers and vehicles in Oklahoma and are not factoring in an exact zip code location for 20 year old guys. So the company that is most affordable for your situation may not even be in the top 17 companies shown above. That underscores the importance of why you need to compare rates from as many companies as possible using your own individual information.

Reckless driving habits raise auto insurance rates

The easiest way to earn the cheapest auto insurance premiums in Oklahoma for young men is to drive carefully and not get tickets or have accidents. The chart below illustrates how traffic citations and accidents influence insurance prices for different age groups. The costs are based on a single female driver, comprehensive and collision coverage, $250 deductibles, and no discounts are taken into consideration.

In the previous example, the average cost of car insurance per year with no accidents or violations is $2,231. Get written up for one speeding ticket and the average cost jumps to $2,530, an increase of $298 each year. Now throw in one accident along with the one speeding ticket and the yearly cost of auto insurance for 20 year old guys goes up to an average of $3,361. That’s an increase of $1,129, or $94 per month, just for not being attentive to the road!

Types of discounts on Oklahoma City car insurance rates

Auto insurance for young men in Oklahoma City, OKInsurance companies that provide coverage for 20 year old guys may also give you rate discounts that could lower prices by as much as 30% if you are eligible. A few popular companies and a summarized list of policyholder discounts are:

The diagram below compares car insurance costs with and without discounts applied. The costs are based on a female driver, no claims, a clean driving record, Oklahoma state minimum liability limits, comp and collision included, and $100 deductibles. The first bar for each age group shows the average annual price with no discounts. The second shows the rates with paid-in-full, vehicle safety, paperless filing, anti-theft, good student, and continuous coverage discounts applied. With discounts applied, the average amount saved each year on auto insurance for 20 year old guys is 21% or $514.

Picking a high-quality auto insurance company is hard considering how many choices there are in Oklahoma. The ranking information below could help you choose which providers to look at when comparing auto insurance rates for 20 year old guys. These ratings are for large insurance companies, so smaller companies are not taken into consideration for these rankings.

Top 10 Large Car Insurance Companies Overall in Oklahoma City

  1. Travelers
  2. USAA
  3. Mercury Insurance
  4. AAA Insurance
  5. Nationwide
  6. Allstate
  7. State Farm
  8. The Hartford
  9. Safeco Insurance
  10. Progressive

Top 10 Large Car Insurance Companies in Oklahoma City Ranked by Claims Service

  1. Travelers
  2. Allstate
  3. Nationwide
  4. State Farm
  5. Liberty Mutual
  6. GEICO
  7. American Family
  8. Esurance
  9. AAA Insurance
  10. The Hartford

Chances are good that you’re overpaying for Oklahoma City car insurance

Oklahoma auto insurance rates are impacted by many things that may substantially change the policy premium. Simply improving your credit, buying a different vehicle, or getting a ticket for careless driving can trigger changes in premium that may make certain companies more affordable than others. Not only may your risk profile change, but car insurance companies file new Oklahoma auto insurance rates as needed as an adjustment for underwriting gains or losses. Significantly higher claims may cause increased rates, while a profitable period can result in lower-cost Oklahoma City car insurance rates.

To help illustrate this point, the graph below shows the cheapest car insurance in Oklahoma City, OK for a 40-year-old male driver with a good driving record, no prior claims, and excellent credit. If we estimate rates based on his personal risk profile, Oklahoma Farmers Union might quote the cheapest car insurance rates in Oklahoma City at $1,381 each year. This is $586 less than the average price paid by Oklahoma drivers of $1,967. USAA, GEICO, The Hartford, and Farmers are the remaining best Oklahoma City, OK auto insurance companies.

Now we will give the driver in the first chart an accident surcharge, slightly worse credit, and a traffic ticket or two. Due to the fact that every auto insurer has a different process for determining prices, comparing quotes may now result in a significantly different list of the cheapest car insurance companies in Oklahoma City as shown below.

State Farm now has the best auto insurance rate in Oklahoma City, OK with USAA, GEICO, Liberty Mutual, and Travelers completing the list. This example illustrates why consumers need to take the time to compare rates to find affordable car insurance quotes for 20 year old guys. Auto insurance prices consist of many different factors and can increase or decrease at any time, so the cheapest option three years ago may now be an over-priced policy.

If you prefer to have a little guidance when shopping around for cheaper insurance for young men, the professional agents shown below can most likely help you decide which is the best policy.

To find an Oklahoma City insurance agency closest to you, click the button below the list or click here to compare rates now.

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