The vehicle model you are trying to insure is one of the largest considerations when quoting affordable auto insurance for immigrants. Vehicles with high performance features, a lack of safety features, or a track record of large liability claims will cost much more to insure than more modest models.
The next list shows car insurance prices for a selection of the most economical vehicles to insure.
|Vehicle Make and Model||Estimated Cost for Full Coverage|
|Honda CR-V EX 2WD||$1,032|
|Hyundai Elantra GLS Touring Station Wagon||$1,131|
|Ford Escape XLT 4WD||$1,197|
|Chevrolet Equinox LT 2WD||$1,222|
|Chevrolet Malibu LS||$1,227|
|Toyota RAV4 Limited 2WD||$1,222|
|Jeep Wrangler Unlimited Sport 2WD 4-Dr||$1,233|
|Volkswagen Jetta S 2.5 Station Wagon||$1,261|
|Dodge Grand Caravan SE||$1,266|
|Toyota Camry SE||$1,288|
|Hyundai Sonata GLS 4-Dr Sedan||$1,307|
|Nissan Rogue S AWD||$1,312|
|Nissan Altima Hybrid 4-Dr Sedan||$1,311|
|GMC Sierra SLE Crew Cab 4WD||$1,320|
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Price data assumes single male driver age 50, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Oklahoma minimum liability limits. Discounts applied include homeowner, safe-driver, claim-free, multi-vehicle, and multi-policy. Rate information does not factor in specific zip code location which can increase or decrease premium rates significantly.
By looking at the data, we can assume that models like the Honda CR-V, Hyundai Elantra, Ford Escape, Chevrolet Equinox, and Chevrolet Malibu will be some of the most affordable vehicles to insure for foreigners.
Comparing quotes for affordable auto insurance is not most people’s favorite thing to do, and determining which companies offer the lowest-priced insurance rates for immigrants requires even more perseverance. Every auto insurer has their own process to set premium rates, so let’s take a look at the insurance companies that tend to be cheaper in Oklahoma.
Best Insurance Companies for Migrants
|Rank||Company||Cost Per Year|
|1||Oklahoma Farmers Union||$1,154|
|11||OK Farm Bureau||$2,018|
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Oklahoma Farmers Union generally has some of the cheapest car insurance rates in Oklahoma City at around $1,154 a year. USAA, GEICO, The Hartford, and Safe Auto also rank well as some of the lowest-priced Oklahoma City, OK auto insurance companies.
In the above example, if you have coverage with USAA and switched to Oklahoma Farmers Union, you could earn yearly savings of approximately $7. Oklahoma drivers with GEICO could save as much as $186 a year, and The Hartford insureds might lower prices by $205 a year.
To get a quick, customized rate comparison, click here to get a free quote or click through to the companies below.
It’s important to note that these estimates are averages for all types of drivers and the different vehicles they drive and are not factoring in a vehicle location for immigrants. So the insurer that is best suited for you may not even be in the top 17 companies in the list above. That helps illustrate why you need to compare rates from as many companies as possible using your own specific driver information and vehicle.
Rate comparison of full coverage and liability-only
Paying a lower price for insurance is important to the majority of people, and a good way to buy cheap insurance for immigrants is to not pay for full coverage. The example below shows the comparison of car insurance rates with full coverage and liability only. The data assumes no claims or driving violations, $250 deductibles, drivers are not married, and no additional discounts are factored in.
If averaged for all ages, physical damage coverage on your policy costs an extra $2,349 per year over having just liability coverage. That is a large expense which might make you wonder when is it a good idea to stop buying full coverage. There is no specific rule to delete full coverage, but there is a general convention. If the yearly cost for physical damage coverage is more than 10% of the replacement cost minus the deductible, then it may be the right time to buy liability only.
There are some conditions where dropping physical damage coverage is not in your best interest. If you still owe a portion of the original loan, you are required to maintain full coverage to satisfy the loan requirements. Also, if your emergency fund is not enough to purchase a different vehicle in the even your car is totaled, you should maintain full coverage.
The example below highlights how deductible choice can change yearly insurance costs when quoting cheap insurance for immigrants. The prices are based on a single male driver, comp and collision included, and no discounts are factored in.
In the chart above, a 40-year-old driver could lower their policy premium by $514 a year by switching their comprehensive and collision coverages from a $100 deductible to a $500 deductible, or save $776 by switching to a $1,000 deductible. Even younger insureds, such as the Age 20 example, can cut up to $1,702 each year just by using higher deductibles. When increasing deductibles, it is essential to have enough funds in savings to allow you to cover the extra out-of-pocket expense that comes with higher deductibles.
Get discount Oklahoma City auto insurance
Insurers that sell policies for immigrants may also give you policy discounts that could potentially reduce rates by as much as 25% or more if you are eligible. The best insurance companies and a summarized list of policyholder discounts are shown below.
- State Farm offers premium reductions for good driver, anti-theft, Steer Clear safe driver discount, accident-free, and defensive driving training.
- Progressive offers discounts for multi-vehicle, good student, continuous coverage, online signing, and online quote discount.
- Travelers may have discounts that include save driver, good student, continuous insurance, early quote, and driver training.
- American Family offers discounts including good driver, good student, bundled insurance, multi-vehicle, mySafetyValet, and defensive driver.
- Liberty Mutual may include discounts for multi-policy, exclusive group savings, newly retired, new move discount, and new graduate.
The information below shows the comparison of insurance costs with and without some available policy discounts. The price estimates are based on a male driver, no violations or claims, Oklahoma state minimum liability limits, comprehensive and collision coverage, and $100 deductibles.
The first bar for each age group shows the price with no discounts. The lower bar shows the rates with defensive driving course, passive restraint, anti-theft, homeowner, multiple vehicle, and marriage discounts applied. When discounts are factored in, theaverage amount saved on insurance for immigrants is 28% or $959.
How to find cheaper car insurance for immigrants
The list below details some penny-pinching solutions that can help Oklahoma City drivers get lower-cost coverage.
- Better credit scores save money
- Safer vehicles generally have cheaper insurance rates
- Bundle home and auto and earn a discount
- Save money by insuring older vehicles for liability only
- At-fault accidents can raise rates significantly
- Compare prices frequently to find the best deal
The final tip is highly valuable, as we discussed in this article. Car insurance prices in Oklahoma City can change in a short period of time, so don’t be unwilling to change to a new company if a lower price can be found. Being loyal to a particular company is commendable, but it’s not recommended if that loyalty results in overpaying a wad of cash every year. It only take a few minutes to compare rates to find cheaper car insurance for immigrants.
The insurance agencies listed below can most likely answer your questions and help you decide which auto insurance policy would work best for you, since some drivers have questions and prefer to have professional advice when comparing insurance rates for immigrants. It can be hard to find the cheapest rates, and using a licensed agent can bring comfort knowing your policy gives you enough coverage if you have a claim.
To find an Oklahoma City insurance agency close to where you live, click the button following the list.
State Farm: Vicky Richey Insurance Agency Inc
8601 S Walker Ave – Oklahoma City, OK 73139 – (405) 635-0677
Scott Godwin Insurance Agency – OKC Insurance
9026 SE 29th St – Oklahoma City, OK 73150 – (405) 600-6400
Freeland Insurance, LLC
6017 Shiloh Dr – Oklahoma City, OK 73179 – (405) 692-6106