Finding economical auto insurance for a Ford F-150 in Oklahoma relies on a pretty complex algorithm that uses a lot of factors such as how far you drive to work, the likelihood of vehicle theft, and your choice of deductibles. Drivers in Oklahoma pay on average $1,847 each year for F-150 insurance, but that amount is an approximation using a 30-year-old single female driver with full comprehensive and collision coverage and $250 deductibles.
When estimating a car insurance rate like we just did, the issue is that you may not be 30 years old (or even female), possibly married instead of single, or maybe you just want liability only instead of full coverage. Even a minor difference in the factors used in pricing a policy can result in a large change in the coverage rate.
This demonstrates why the way we recommend to find cheap car insurance rates for your Ford is to do the rate comparisons yourself.
Vehicle trim level will most likely have an effect on the yearly cost, so the price to insure a F-150 XL Regular Cab 2WD model will be $532 cheaper than the insurance cost for the higher-priced F-150 Lariat Crew Cab Platinum 4WD version, as shown by the rates below.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|F-150 XL Regular Cab 2WD||$336||$462||$606||$36||$182||$1,622||$135|
|F-150 STX Regular Cab 2WD||$336||$590||$606||$36||$182||$1,750||$146|
|F-150 XL Super Cab 2WD||$336||$590||$606||$36||$182||$1,750||$146|
|F-150 XLT Regular Cab 2WD||$336||$590||$606||$36||$182||$1,750||$146|
|F-150 STX Super Cab 2WD||$336||$590||$606||$36||$182||$1,750||$146|
|F-150 XL Crew Cab 2WD||$384||$590||$606||$36||$182||$1,798||$150|
|F-150 XLT Super Cab 2WD||$384||$590||$606||$36||$182||$1,798||$150|
|F-150 STX Regular Cab 4WD||$384||$590||$606||$36||$182||$1,798||$150|
|F-150 XL Regular Cab 4WD||$384||$590||$606||$36||$182||$1,798||$150|
|F-150 FX2 Super Cab 2WD||$384||$590||$606||$36||$182||$1,798||$150|
|F-150 XLT Crew Cab 2WD||$384||$590||$606||$36||$182||$1,798||$150|
|F-150 XL Super Cab 4WD||$384||$590||$606||$36||$182||$1,798||$150|
|F-150 XLT Regular Cab 4WD||$384||$590||$606||$36||$182||$1,798||$150|
|F-150 XL Crew Cab 4WD||$434||$590||$606||$36||$182||$1,848||$154|
|F-150 STX Super Cab 4WD||$434||$590||$606||$36||$182||$1,848||$154|
|F-150 XLT Super Cab 4WD||$434||$590||$606||$36||$182||$1,848||$154|
|F-150 FX2 2WD||$434||$718||$606||$36||$182||$1,976||$165|
|F-150 Lariat Super Cab 2WD||$434||$718||$606||$36||$182||$1,976||$165|
|F-150 Lariat Crew Cab 2WD||$434||$718||$606||$36||$182||$1,976||$165|
|F-150 FX4 Super Cab 4WD||$434||$718||$606||$36||$182||$1,976||$165|
|F-150 XLT Crew Cab 4WD||$434||$718||$606||$36||$182||$1,976||$165|
|F-150 FX4 4WD||$434||$718||$606||$36||$182||$1,976||$165|
|F-150 Lariat Crew Cab 4WD||$434||$718||$606||$36||$182||$1,976||$165|
|F-150 SVT Raptor Super Cab 4WD||$434||$718||$606||$36||$182||$1,976||$165|
|F-150 Lariat Super Cab 4WD||$434||$718||$606||$36||$182||$1,976||$165|
|F-150 Lariat Crew Cab Platinum 2WD||$434||$846||$606||$36||$182||$2,104||$175|
|F-150 Lariat Crew Cab Harley 2WD||$434||$846||$606||$36||$182||$2,104||$175|
|F-150 Lariat King Ranch 2WD||$434||$846||$606||$36||$182||$2,104||$175|
|F-150 Lariat King Ranch 4WD||$484||$846||$606||$36||$182||$2,154||$180|
|F-150 Lariat Crew Cab Harley 4WD||$484||$846||$606||$36||$182||$2,154||$180|
|F-150 Lariat Crew Cab Platinum 4WD||$484||$846||$606||$36||$182||$2,154||$180|
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Price data assumes single female driver age 30, no speeding tickets, no at-fault accidents, $250 deductibles, and Oklahoma minimum liability limits. Discounts applied include safe-driver, claim-free, homeowner, multi-policy, and multi-vehicle. Premium amounts do not factor in vehicle garaging location which can change premiums noticeably.
Deciphering which companies have the cheapest car insurance rates for a Ford F-150 will take a little more effort in order to find the best policy. Every auto insurer has their own unique process for filing rates in each state, so let’s take a look at the overall cheapest car insurance companies in Oklahoma City, OK.
It’s important that you understand Oklahoma car insurance rates are influenced by many factors which can substantially change the price of coverage. Improving your credit rating, buying a different vehicle, or getting a reckless driving citation may cause policy rate changes resulting in some rates now being more affordable than competitors.
Best Cheap Insurance Rates for your F-150
|Rank||Company||Cost Per Year|
|2||Oklahoma Farmers Union||$1,202|
|11||OK Farm Bureau||$2,079|
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USAA normally has some of the best car insurance rates in Oklahoma City at around $1,150 per year. Oklahoma Farmers Union, GEICO, The Hartford, and Safe Auto are also some of the best Oklahoma City, OK insurance companies.
In this example, if you currently have coverage with The Hartford and switched to USAA, you might see savings of in the vicinity of $209. Customers with Safe Auto could save as much as $227 a year, and Farmers policyholders might lower prices by $272 a year.
These rates are averaged across all drivers and vehicles and and are not figured with a specific vehicle garaging location for a Ford F-150. So the car insurance company that has the lowest price for you may not even be in the list above. That helps illustrate why you need to get quotes using your own personal information and vehicle type.
Liability only or full coverage
Lowering the price of car insurance is important to the majority of people, and one common way to buy cheaper insurance for a Ford F-150 is to not pay for full coverage. The diagram below compares premium costs with full physical damage coverage compared to only buying liability only. Data assumes no accidents or driving violations, $500 deductibles, drivers are single, and no discounts are taken into consideration.
If we average the cost for all age groups, full coverage on your policy costs $2,295 per year over having just liability coverage. That amount may make you wonder if physical damage coverage is worth the money. There is no definitive formula of when to phase out comprehensive and collision coverage on your policy, but there is a guideline you can use. If the annual cost of your full coverage insurance is more than 10% of the replacement cost of your vehicle minus the policy deductible, then you may need to consider dropping full coverage.
The example below highlights how deductible selection can increase or decrease insurance rates when trying to find cheap insurance for a Ford F-150. The premiums assume a married male driver, full physical damage coverage, and no additional discounts are factored in.
The chart above illustrates that a 50-year-old driver could lower their car insurance rates by $312 a year by increasing from a $100 deductible to a $500 deductible, or save $472 by switching to a $1,000 deductible. Younger drivers, such as the Age 20 example, could lower their rates $1,038 each year just by choosing higher deductibles. If you do raise deductibles, it will be required to have enough savings set aside to allow you to pay the extra out-of-pocket expense, which is the primary disadvantage of high deductibles.
Shop around and save
Oklahoma City, OK car insurance rates are calculated based on many things that control your annual premium. Turning one year older, buying a home, or getting a ticket for careless driving may prompt premium changes resulting in some rates now being cheaper than before.
Not only may your situation change, but insurance companies change their prices every year or even multiple times each year to adjust for unexpected claims or profits. A period of increased losses may result in more expensive premiums, while a better claims history can cause more affordable F-150 insurance rates.
As an example, the bar chart below shows rates for the cheapest car insurance in Oklahoma City, OK for a 35-year-old male driver with a good driving record, no prior claims, and good credit. When quoting prices based on his personal risk profile, Oklahoma Farmers Union has the lowest car insurance rates in Oklahoma City at $1,367 per year. This is $600 less than the average policy premium paid by Oklahoma drivers of $1,967. USAA, The Hartford, Safe Auto, and GEICO are the remainder of the top five cheapest Oklahoma City, OK auto insurance companies.
Now let’s give the driver in the first example a chargeable claim, a little lower credit rating, and a traffic citation. Since each auto insurer has a different process to determining premium rates, comparing rates may now show a different list of cheap Oklahoma City auto insurance companies as shown below.
State Farm now has the best price in Oklahoma City with USAA, Liberty Mutual, GEICO, and Travelers also having competitive pricing. This shows why it is so important to do a thorough rate comparison when trying to find the most economical auto insurance rates for a Ford F-150. Prices are impacted by many things and change dramatically, so the most economical company when you last compared rates may now be quite expensive.
Tips for buying more affordable car insurance for a Ford F-150
Below you’ll find a few money-saving ideas that can help Oklahoma City drivers buy cheaper auto insurance.
- Drive a car with a high safety rating
- Pay lower rates with good credit
- Do not get traffic violations
- At-fault accidents will increase rates
- Earn discounts for being claim-free
- Compare rates once a year for cheaper prices
The last idea is remarkably vital, as we hit on in the article above. Prices charged by companies in Oklahoma City can be modified anytime, so you should be ready to buy a different policy if a more affordable rate is found.
Staying with the same company for years is fine, but it’s not a great idea if that stubbornness costs you big bucks every year. If you have a few minutes, now is a great time to compare prices to find cheaper insurance for a Ford F-150.