Finding good, cost effective insurance is challenging, and deciding which company offers the cheapest insurance rates for felons involves additional perseverance. Every insurance company has their own process for setting prices, so let’s begin by examining the most budget-friendly insurance companies in Oklahoma City.
Cheapest Insurance Rates for Felons
|Rank||Company||Cost Per Year|
|1||Oklahoma Farmers Union||$1,154|
|11||OK Farm Bureau||$2,058|
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Oklahoma Farmers Union has some of the cheapest car insurance rates in Oklahoma City at around $1,154 a year. USAA, The Hartford, GEICO, and Safe Auto would also be considered some of the lowest-priced Oklahoma City, OK car insurance companies.
As shown in the table above, if you buy coverage from The Hartford and switched to Oklahoma Farmers Union, you might realize annual savings of roughly $165. Policyholders with GEICO might save as much as $199 a year, and Safe Auto policyholders might cut rates by $209 a year.
To compare your rates to other Oklahoma insurance companies, click here or visit several of the following companies.
Remember that these rates are averaged for all types of insureds and vehicles and do not factor in an exact location for felons. So the company that can offer you the lowest price may not even be in the top 17 companies in the list above. That point stresses why you need to compare rates from as many companies as possible using your own personal information and vehicle type.
The make and model of vehicle you are seeking coverage for is one of the largest considerations when comparison shopping for the lowest-priced car insurance for felons. Vehicles with high performance features, a lack of safety features, or high incidents of liability claims will cost much more to insure than more economical and safe models.
The list below outlines coverage prices for some of the most economical automobiles to insure in Oklahoma.
|Make, Model, and Trim Level||Estimated Cost for Full Coverage|
|Honda Accord EX 4-Dr Sedan||$1,077|
|Honda CR-V LX 4WD||$1,237|
|Chevrolet Equinox LT AWD||$1,277|
|Ford Explorer Limited 4WD||$1,301|
|Hyundai Elantra GLS Touring Station Wagon||$1,322|
|Volkswagen Jetta S 2.5 Station Wagon||$1,339|
|Ford Escape Limited 4WD||$1,345|
|Toyota Tacoma X-Runner 2WD||$1,343|
|Kia Optima LX||$1,372|
|Jeep Wrangler Sahara 4WD 2-Dr||$1,386|
|Hyundai Sonata SE 4-Dr Sedan||$1,433|
|Dodge Ram 2500 Crew Cab ST 2WD||$1,457|
|Compare Cheap Rates Go|
Table data assumes single female driver age 40, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Oklahoma minimum liability limits. Discounts applied include multi-policy, claim-free, multi-vehicle, safe-driver, and homeowner. Premium amounts do not factor in vehicle garaging location which can impact coverage prices substantially.
Based on these rates, you can infer that models like the Honda Accord, Honda CR-V, Chevrolet Equinox, and Ford Explorer should be a few of the less-costly vehicles to insure for felons.
For felons, one of the more important factors that are looked at to help calculate the amount you pay each year for auto insurance is where your car is garaged. Cities with larger populations tend to have more expensive car insurance rates, whereas less populated areas can boast about having cheaper rates.
The next table sorts the highest-priced places in Oklahoma for felons to purchase car insurance in. Oklahoma City is ranked at #5 with an annual cost of $2,199 for the average policy, which is approximately $183 each month.
|Rank||City||Premium Per Year|
|Start a Quote Go|
Table data uses approximated as the specific area where the vehicle is garaged can raise or lower premium rates considerably.
How to get discounts on Oklahoma City auto insurance rates
Insurance companies that provide policies for felons may also give you discounts that could lower prices by 30% or more if you are eligible. The best insurance companies and a partial list of their discounts can be found below.
- Progressive has discounts for multi-vehicle, online signing, online quote discount, continuous coverage, multi-policy, good student, and homeowner.
- GEICO includes discounts for air bags, daytime running lights, defensive driver, membership and employees, and driver training.
- State Farm has savings for Steer Clear safe driver discount, passive restraint, driver’s education, multiple policy, and defensive driving training.
- Esurance may offer discounts for Pac-12 alumni, anti-theft, online quote, online shopper, and homeowner.
- The Hartford may include discounts for air bag, good student, anti-theft, vehicle fuel type, bundle, and driver training.
The example below illustrates the comparison of annual premium costs with and without policy discounts. Data assumes a male driver, no driving violations, no at-fault accidents, Oklahoma state minimum liability limits, comp and collision included, and $1,000 deductibles.
The first bar for each age group shows premium with no discounts. The second bar shows the rates with anti-theft, multiple vehicle, marriage, passive restraint, multiple policy, and accident-free discounts applied. When discounts are factored in, the average amount saved each year on insurance for felons is 28% or $705.
Full coverage versus liability-only in Oklahoma City
Finding cheaper insurance should be important to the majority of people, and an easy way to pay less for insurance for felons is to buy only liability coverage. The information below illustrates the comparison of yearly insurance costs with full coverage compared to only the Oklahoma minimum liability coverage. The rates are based on no driving violations, no at-fault accidents, $500 deductibles, drivers are single, and no discounts are factored in.
If all age groups are averaged, physical damage coverage on your policy costs an extra $2,859 per year more than just buying liability insurance. At some point, about every driver wonders if it’s a good idea to buy full coverage. There is no definitive rule to delete comp and collision coverage, but there is a general guideline. If the annual cost of coverage is more than around 10% of replacement cost minus your deductible, then it might be time to buy liability only.
The information below shows how choosing a deductible can influence annual premium costs when researching cheap insurance for felons. The premiums are based on a married male driver, comprehensive and collision coverage, and no policy discounts are applied.
As shown above, a 40-year-old driver could lower their car insurance rates by $422 a year by switching their comprehensive and collision coverages from a $100 deductible up to a $500 deductible, or save $636 by using a $1,000 deductible. Youthful drivers, like the Age 20 chart data, could possibly save $1,420 annually by using higher deductibles when buying full coverage.
When choosing a higher deductible, it is important to have plenty of discretionary funds to allow you to pay the extra out-of-pocket expense that deters many people from opting for higher deductibles.
The agencies below can most likely answer your questions and help you decide which car insurance policy is best, since lots of drivers aren’t clear which coverage they need and would like to have professional advice when comparing insurance rates for felons. It’s not always simple to find coverage yourself, and professional agents can provide you satisfaction knowing you have suitable coverage if you ever need to use it. To locate an Oklahoma City insurance agent nearest to you, click the button link following the list or click here to get price quotes now.
Shelter Insurance – Paul Michael
8320 S Western Ave – Oklahoma City, OK 73139 – (405) 632-2751
Chuck Davis – State Farm Insurance Agent
9315 S Pennsylvania Ave b – Oklahoma City, OK 73159 – (405) 378-8008
Ledbetter Insurance and Risk
1000 NW Grand Blvd #110 – Oklahoma City, OK 73118 – (405) 840-9090