Who Has Affordable Oklahoma City Auto Insurance for 16 Year Olds?

Wouldn’t it be great if we could tell you instantly that one special company that has the most affordable coverage for 16 year olds? It’s not that easy, however, as there are a whole bunch of unknown elements such as the amount of liability coverage you want, what deductibles you want to use, how well you maintain your credit, and your marital status. The content below covers the best ways to shop for cheaper coverage and will hopefully give the reader a solid foundation to find cheaper car insurance in Oklahoma.

One of the many components that are looked at to determine the amount you pay for auto insurance is your address. Regions with more people or even just more weather-related claims tend to pay more, whereas areas with less crime or weather claims have the benefit of cheaper car insurance.

The following table sorts the most expensive areas in Oklahoma for 16 year olds in which to purchase auto insurance. Oklahoma City makes the list at #5 having an annual price of $2,178 for the average insured, which is approximately $182 each month.

How much is auto insurance in Oklahoma City, OK?
Rank City Annual Rate
1 Tulsa $2,259
2 Del City $2,243
3 Bixby $2,235
4 Midwest City $2,184
5 Oklahoma City $2,178
6 Bethany $2,157
7 Sapulpa $2,144
8 Sand Springs $2,139
9 Broken Arrow $2,130
10 Owasso $2,127
11 Norman $2,095
12 Moore $2,069
13 Edmond $2,042
14 Yukon $1,994
15 Stillwater $1,989
16 Shawnee $1,988
17 Claremore $1,987
18 Bartlesville $1,981
19 Ponca City $1,976
20 Ardmore $1,936
21 Muskogee $1,905
22 Enid $1,885
23 Duncan $1,885
24 Lawton $1,884
25 Altus $1,838
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Rates are approximated as specific location information can impact auto insurance rates considerably.

Determining which company offers the most affordable auto insurance rates for 16 year olds will involve more time than just comparing a company or two. Every car insurance company uses a different method for setting prices, so we will examine the most competitive auto insurance companies in Oklahoma City.

It’s a good idea to know that Oklahoma auto insurance rates are based on many factors that can increase the cost of coverage. Simply having a birthday, buying a home, or getting a few speeding tickets can trigger changes in premium that can make some companies cheaper than before.

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What’s the cheapest car insurance in Oklahoma?
Rank Company Cost Per Year
1 Oklahoma Farmers Union $1,154
2 USAA $1,185
3 The Hartford $1,319
4 Farmers $1,394
5 GEICO $1,394
6 Safe Auto $1,405
7 State Farm $1,568
8 Liberty Mutual $1,797
9 Travelers $1,868
10 OK Farm Bureau $2,018
11 Mercury $2,053
12 MetLife $2,169
13 Home State $2,193
14 Shelter $2,194
15 Progressive $2,223
16 Allstate $2,472
17 Safeco $5,158
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Oklahoma Farmers Union offers some of the cheapest car insurance rates in Oklahoma City at around $1,154 each year. This is $813 less than the average premium paid by Oklahoma drivers of $1,967. USAA, The Hartford, Farmers, and GEICO would also be considered some of the more affordable Oklahoma City, OK car insurance companies.

As the example above demonstrates, if you are insured with Farmers and switched to Oklahoma Farmers Union, you could realize an annual savings of about $240. Policyholders with GEICO could save as much as $240 a year, and Safe Auto insureds might see rate reductions of $251 a year.

Remember that these policy prices are averages for all ages of drivers and types of vehicles and do not take into consideration a specific vehicle garaging location for 16 year olds. So the auto insurance company that is best suited for you may not even be in the list above. That’s why you need to get auto insurance quotes using your own driver information and specific vehicle type.

Full coverage versus liability only rates

Saving on auto insurance is probably important to most drivers, and a great way to find cheaper insurance for 16 year olds is to buy only liability coverage. The illustration below illustrates the difference between insurance prices with full physical damage coverage compared to only buying the minimum liability limits required in Oklahoma. The premiums assume no tickets, no at-fault accidents, $1,000 deductibles, single status, and no discounts are applied to the premium.

If we average the cost for ages 20 through 70, full coverage costs $2,538 per year more than just buying liability only. That touches on the question if you should buy full coverage. There isn’t a steadfast formula for excluding physical damage coverage, but there is a general guideline you can use. If the annual cost of your full coverage insurance is more than about 10% of any settlement you would receive from your insurance company, then you might consider buying liability only.

Get discount Oklahoma City insurance

Discounts on auto insurance for 16 year oldsInsurance providers that offer quotes for 16 year olds may also give you rate discounts that may potentially lower prices by 40% or more if you meet the requirements. A list of companies and their offered discounts include:

The information below visualizes the comparison of car insurance rates with and without policy discounts. The costs are based on a female driver, no violations or accidents, Oklahoma state minimum liability limits, comprehensive and collision coverage, and $250 deductibles.

The first bar for each age group shows the average rate with no discounts. The second shows the rates with good student, paperless filing, continuous coverage, vehicle safety, anti-theft, and paid-in-full discounts applied. When discounts are factored in, the average amount saved each year on auto insurance for 16 year olds is 28% or $1,087.

Insuring your vehicle with the highest-rated insurer can be difficult considering how many companies there are in Oklahoma City. The ranking information listed below may help you pick which auto insurance companies you want to consider putting your business with.

These rankings only include companies that insure vehicles across America, so companies that have a smaller presence are not factored into this list. To compare price quotes from the insurers below and more, just click here.

Best Ten Auto Insurance Companies for 16 Year Olds in Oklahoma
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
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Data Source: Insure.com Best Car Insurance Companies