Who Has Affordable Car Insurance Rates for Drivers with Accidents in Oklahoma City?

For drivers with at-fault accidents, one of the largest considerations that are used to help calculate insurance cost is where you keep your car in Oklahoma City. More densely populated places tend to pay slightly more, whereas areas with less crime or weather claims tend to receive cheaper rates.

The illustration below rates the highest-priced areas in Oklahoma for drivers with accidents to buy car insurance in. Oklahoma City is ranked at #2 with an annual cost of $2,199 for car insurance, which is approximately $183 monthly.

How much is auto insurance in Oklahoma City, OK?
Rank City Annual Premium
1 Tulsa $2,282
2 Oklahoma City $2,199
3 Sand Springs $2,161
4 Bethany $2,157
5 Del City $2,155
6 Moore $2,153
7 Bixby $2,147
8 Broken Arrow $2,130
9 Owasso $2,127
10 Midwest City $2,119
11 Edmond $2,105
12 Norman $2,095
13 Sapulpa $2,081
14 Yukon $2,015
15 Claremore $1,987
16 Shawnee $1,968
17 Bartlesville $1,941
18 Ponca City $1,918
19 Stillwater $1,911
20 Muskogee $1,905
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Table data uses comparative as specific Oklahoma City zip code can modify prices significantly.

Trying to find affordable insurance is challenging, and figuring out which companies have the lowest-priced auto insurance rates for drivers with accidents will take a little more work.

Every insurance company uses their own formula to establish rates, so we need to take a look at the most budget-friendly auto insurance companies in Oklahoma City, OK. It’s important to understand that Oklahoma City auto insurance rates are influenced by many factors that control the price of your policy. That is why it is critical to compare as many rates as possible when trying to get the best insurance quotes for drivers with accidents. Insurance rates are made up of many different factors and can change substantially, so the most economical option three years ago may now be one of the higher cost companies.

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Cheapest insurance companies in Oklahoma
Rank Company Cost Per Year
1 USAA $1,196
2 Oklahoma Farmers Union $1,202
3 The Hartford $1,359
4 Safe Auto $1,377
5 Farmers $1,380
6 GEICO $1,394
7 State Farm $1,536
8 Liberty Mutual $1,797
9 Travelers $1,906
10 Mercury $2,033
11 OK Farm Bureau $2,079
12 MetLife $2,147
13 Shelter $2,173
14 Progressive $2,179
15 Home State $2,193
16 Allstate $2,376
17 Safeco $5,056
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USAA offers some of the best car insurance rates in Oklahoma City at around $1,196 per year. Oklahoma Farmers Union, The Hartford, Safe Auto, and Farmers also rank well as some of the best Oklahoma City, OK insurance companies.

In the above rates, if you are a policyholder with Farmers and switched to Oklahoma Farmers Union, you may see a yearly price reduction of approximately $178. Drivers with GEICO may save as much as $192 a year, and State Farm insureds might lower prices by up to $334 a year.

To find the cheapest coverage for you, click here to start your custom quote or visit several of the following companies.

These premiums are averages across all drivers and vehicles in Oklahoma and are not factoring in an exact zip code location for drivers with accidents. So the auto insurance company that fits your situation best may not even be in the top 17 companies in the list above. That emphasizes why you need to quote rates from many companies using your own individual information.

Oklahoma auto insurance companies

Buying coverage from a highly-rated company can be challenging considering how many companies are available to choose from in Oklahoma. The rank data listed below could help you pick which auto insurance companies to look at when comparing rate quotes. The ratings below include companies that write coverage in many states, so companies with more of a regional focus are not factored into these rankings.

Oklahoma City, OK Auto Insurance Company Rankings
Company Value Customer Service Claims Customer Satisfaction A.M Best Rating Overall Score
Travelers 93 98 99 88% A++ 95.1
USAA 83 99 100 91% A++ 94.1
Mercury Insurance 97 96 88 89% A+ 93.4
AAA Insurance 91 95 92 90% A 93.3
Nationwide 85 95 97 89% A+ 92.4
Allstate 77 100 97 88% A+ 90.7
State Farm 80 94 96 88% A++ 90.6
The Hartford 88 93 91 87% A+ 90.4
Safeco Insurance 91 95 85 88% A 90.2
Progressive 88 94 83 88% A+ 90.1
American Family 91 86 95 83% A 89.7
Esurance 86 90 94 90% A+ 89.5
The General 86 93 89 84% A- 88.2
GEICO 79 89 95 87% A++ 87.8
21st Century 86 82 90 84% A 86.4
Liberty Mutual 79 87 95 78% A 85.3
Farmers Insurance 77 80 80 84% A 80.3
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Data Source: Insure.com Best Car Insurance Companies

The information below shows how choosing a deductible can influence insurance premiums when searching for cheap insurance for drivers with accidents. The prices are based on a married female driver, full coverage, and no discounts are applied.

As shown above, a 50-year-old driver could lower rates by $306 a year by switching the physical damage coverage from a $100 deductible to a $500 deductible, or save $464 by switching to a $1,000 deductible. Young drivers, like the Age 20 chart data, have the ability to save up to $758 each year by choosing a higher deductible. If you do make the decision to raise your deductibles, it’s a good idea to have additional funds in a savings account to cover the extra out-of-pocket expense, which is the one shortcoming of high deductibles.

Liability only or full coverage

Saving money on auto insurance is probably important to most drivers, and one great way to pay lower rates for insurance for drivers with accidents is to not buy full coverage. The example below compares car insurance costs with liability coverage only compared to full coverage. The costs are based on no claims or driving citations, $250 deductibles, drivers are single, and no discounts are factored in.

If averaged out across all ages, physical damage coverage on your policy costs $2,349 per year more than just buying liability insurance. That is a large expense and it proposes the question if it’s worth it to buy full coverage. There is no set guideline to eliminate physical damage coverage, but there is a general convention. If the yearly cost for physical damage coverage is 10% or more of the settlement you would receive from your company, then it might be time to consider dropping full coverage.

For example, let’s assume your vehicle’s replacement value is $9,500 and you have $1,000 physical damage deductibles. If your vehicle is destroyed, you would only receive $8,500 after the policy deductible has been paid. If it’s costing you more than $850 a year for physical damage coverage, then you might want to consider buying only liability coverage.

How to find cheaper auto insurance for drivers with accidents

The list below shows many thrifty suggestions that can help you buy more affordable coverage.

That final tip is notably necessary, as we emphasized in the prior information. Coverage prices change constantly, so don’t be hesitant to change to a new company if you can save money.

Staying with the same company for years is fine, but we do not recommend it if that loyalty ends up costing lots of hard earned cash every month. It only take a few minutes to compare rates and find cheaper car insurance for drivers with accidents in Oklahoma City.