You have most likely watched the captivating ads from insurers like Nationwide, GEICO, and Allstate claiming enormous savings, so drivers should just choose the one with the most memorable commercial, right?
It’s not that easy, however, as there are many unknown elements such as if you are currently insured, the number of miles you drive in a year, and how old you are, that all have an effect on the price of a policy. In this article, we will teach you about these topics and will hopefully give you a jump start in finding the best auto insurance.
For hybrids, one of the more important components that are used to help calculate the price you pay for insurance is your address in Oklahoma City. Regions with larger populations or more claims tend to pay more, whereas areas with fewer weather claims and lower vehicle theft rates have the luxury of lower rates.
The table below lists the most expensive places in Oklahoma for hybrid vehicles to purchase auto insurance in. Oklahoma City is listed at #9 costing $2,113 for coverage, which is about $176 per month.
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Rates are comparative as specific Oklahoma City garaging address can revise premiums significantly.
The car, truck, or SUV you are trying to insure is a large consideration when trying to find affordable coverage for hybrid vehicles. Vehicles with lots of horsepower, poor safety ratings, or high incidents of liability claims will cost much more to insure than safer models.
The next table features insurance premiums for a number of the more affordable vehicles to buy insurance for.
|Make and Model||Estimated Cost for Full Coverage|
|Ford F-150 XL Regular Cab 2WD||$1,120|
|Ford Edge SEL 2WD||$1,252|
|Ford Focus S 4-Dr Sedan||$1,257|
|Toyota RAV4 2WD||$1,277|
|Chevrolet Silverado LS Extended Cab 4WD||$1,286|
|Dodge Grand Caravan Crew||$1,301|
|Honda CR-V LX 2WD||$1,322|
|Toyota Corolla LE||$1,343|
|Ford Escape Limited 2WD||$1,353|
|Chevrolet Equinox LTZ AWD||$1,367|
|Hyundai Sonata GLS 4-Dr Sedan||$1,372|
|Jeep Grand Cherokee Limited 2WD||$1,367|
|Chevrolet Silverado 3500HD LT Crew Cab 2WD||$1,393|
|Ford F-350 XLT Crew Cab 2WD||$1,417|
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Above prices assume single female driver age 30, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Oklahoma minimum liability limits. Discounts applied include safe-driver, multi-policy, homeowner, multi-vehicle, and claim-free. Estimates do not factor in garaging location in Oklahoma City, OK which can raise or lower coverage prices noticeably.
Looking at the numbers, we can expect makes and models like the Ford F-150, Ford Edge, Ford Focus, Toyota RAV4, and Chevrolet Silverado will be some of the most budget-friendly vehicles to insure for hybrids.
Determining which companies have the best auto insurance rates for hybrid vehicles may require a bit more effort in order to find the lowest price. Each insurer uses their own method for establishing rates, so let’s take a look at the most competitive auto insurance companies in Oklahoma City.
It’s a good idea to know that Oklahoma City auto insurance rates are impacted by many things which can significantly increase or decrease the price of your policy. Simply having a birthday, getting married, or getting a DUI can trigger changes in premium that can make some companies cheaper than others.
Find the Cheapest Auto Insurance for Hybrids
|Rank||Company||Cost Per Year|
|2||Oklahoma Farmers Union||$1,202|
|11||OK Farm Bureau||$2,058|
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USAA generally has some of the most affordable car insurance rates in Oklahoma City at around $1,161 per year. This is $806 less than the average rate paid by Oklahoma drivers of $1,967. Oklahoma Farmers Union, The Hartford, GEICO, and Safe Auto also make the cut as some of the cheaper Oklahoma City, OK insurance companies.
As depicted above, if you are currently insured with GEICO and switched to Oklahoma Farmers Union, you might achieve a yearly price reduction of roughly $138. Oklahoma drivers with Safe Auto may save as much as $161 a year, and Farmers customers might reduce prices by as much as $192 a year.
To get a quick, customized rate comparison, click here to get a free quote or visit any of the companies below.
Understand that those premium estimates are averages for all types of insureds and vehicles and and are not figured with an exact vehicle garaging location for hybrid vehicles. So the insurer that fits your needs best may not even be in the top 17 companies in the list above. That underscores the importance of why you need to compare rates from as many companies as possible using your own specific driver and vehicle information.
Buying coverage from the highest-rated car insurance company can be difficult considering how many companies there are in Oklahoma. The company information in the lists below may help you decide which car insurance providers you want to consider purchasing coverage from. These ratings include the largest companies in America, so companies that focus mainly on Oklahoma business will not be included in these rankings.
Top 10 Large Auto Insurance Companies Overall in Oklahoma City
- Mercury Insurance
- AAA Insurance
- State Farm
- The Hartford
- Safeco Insurance
Top 10 Large Auto Insurance Companies in Oklahoma City Ranked by Value
- Mercury Insurance
- American Family
- Safeco Insurance
- AAA Insurance
- The Hartford
- 21st Century
- The General
Discounts on Oklahoma City insurance
Insurers that provide policies for hybrid vehicles may have special discounts that can lower rates by as much as 35% if you meet the requirements. The best auto insurance companies and their offered discounts are included below.
- Progressive may offer discounts for continuous coverage, homeowner, online quote discount, multi-vehicle, and online signing.
- MetLife may have discounts that include claim-free, multi-policy, defensive driver, good driver, good student, and accident-free.
- Mercury Insurance includes discounts for multi-car, good student, low natural disaster claims, professional/association, multi-policy, and ease of repair.
- Nationwide may include discounts for good student, business or organization, easy pay, Farm Bureau membership, multi-policy, anti-theft, and defensive driving.
- GEICO discounts include military active duty, defensive driver, air bags, driver training, emergency military deployment, five-year accident-free, and anti-lock brakes.
- AAA offers discounts for AAA membership discount, anti-theft, pay-in-full, education and occupation, and multi-policy.
The illustration below illustrates the comparison of yearly insurance costs with and without discounts applied to the premium. The rate quotes are based on a female driver, no claims or driving citations, Oklahoma state minimum liability limits, comprehensive and collision coverage, and $250 deductibles.
The first bar for each age group shows insurance cost with no discounts. The second bar shows the rates with accident-free, defensive driving course, homeowner, multiple vehicle, claim-free, and passive restraint discounts applied. When these discounts are applied to the policy premium, theamount saved on auto insurance for hybrid vehicles is 28% or $618.
Insurance rate increases from tickets or accidents
In a perfect world, the ideal way to get low auto insurance rates in Oklahoma City for hybrids is to be a safe driver and not have accidents or get tickets. The chart below highlights how traffic violations and at-fault collisions increase insurance premiums for different age groups. The data is based on a married female driver, full coverage, $100 deductibles, and no discounts are applied to the premium.
In the example above, the average cost of a car insurance policy per year with no accidents and a clean driving record is $2,689. Factor in one speeding ticket and the average cost hikes up to $3,130, an increase of $441 each year. Now include two accidents along with the one speeding ticket and the yearly cost of auto insurance for hybrid vehicles increases to an average of $6,832. That’s an increase of $4,143, or $345 per month, just for not maintaining a clean driving record!