What Auto Insurance is Cheapest for Retired Military in Oklahoma City?

The vehicle model to be insured is one of the largest factors that determines the availability of the best car insurance for retired military. Vehicles with limited speed and performance, advanced safety features, or a track record of few liability claims will cost much less to insure than fast, unsafe models. The next list presents coverage rates for a number of the cheaper vehicles to buy insurance for.

Cheapest Vehicles to Insure in Oklahoma City, OK
Vehicle Make and Model Estimated Cost for Full Coverage
Honda CR-V LX 2WD $1,163
Dodge Grand Caravan SE $1,191
Ford Escape XLT 4WD $1,233
Volkswagen Jetta SE 2.5 Station Wagon $1,245
Ford Fusion S 4-Dr Sedan $1,259
Ford Focus SES 4-Dr Sedan $1,300
Honda Odyssey EX-L $1,326
Toyota Prius $1,328
Nissan Rogue S 2WD $1,349
Chevrolet Malibu LTZ $1,357
Toyota RAV4 Sport 4WD $1,377
Chevrolet Impala LS $1,384
Ford F-350 Super Cab Lariat 2WD $1,395
Ford Explorer Limited 4WD $1,402
Ford F-150 FX4 4WD $1,412
Honda Accord EX 2-Dr Coupe $1,416
Chevrolet Silverado Crew Cab Hybrid 2WD $1,424
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Prices based on single male driver age 40, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Oklahoma minimum liability limits. Discounts applied include multi-policy, homeowner, multi-vehicle, claim-free, and safe-driver. Prices do not factor in zip code location which can lower or raise premium rates considerably.

By looking at the data, models like the Honda CR-V, Dodge Grand Caravan, Ford Escape, Volkswagen Jetta, and Ford Fusion are most likely going to be a few of the most economical vehicles to insure for veterans.

For veterans, one of the more important things that are looked at to determine the annual cost of car insurance is where you keep your vehicle. Areas with high crime rates or more dense population are more likely to pay higher prices, whereas more rural areas have the benefit of cheaper car insurance.

The following table shows the most expensive places in Oklahoma for retired military to purchase auto insurance in. Oklahoma City comes in at #10 costing $2,134 for the average insured, which is about $178 each month.

How much is car insurance in Oklahoma City?
Rank City Annual Rate
1 Tulsa $2,259
2 Bixby $2,235
3 Bethany $2,223
4 Del City $2,221
5 Broken Arrow $2,151
6 Owasso $2,148
7 Sapulpa $2,144
8 Midwest City $2,140
9 Sand Springs $2,139
10 Oklahoma City $2,134
11 Edmond $2,105
12 Norman $2,095
13 Moore $2,069
14 Yukon $2,055
15 Claremore $2,008
16 Shawnee $1,988
17 Bartlesville $1,981
18 Enid $1,961
19 Stillwater $1,931
20 Ardmore $1,898
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Premium amounts are comparative as the specific garaging location can alter coverage rates greatly.

Finding good, low-cost car insurance is not easy, and figuring out which company quotes the most affordable car insurance rates for retired military takes even more work. Each insurer uses different criteria for establishing rates, so let’s begin by examining the most competitive car insurance companies in Oklahoma.

Lowest Insurance Price Quotes for Vets

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Rankings for the cheapest Oklahoma auto insurance companies
Rank Company Cost Per Year
1 USAA $1,161
2 Oklahoma Farmers Union $1,202
3 The Hartford $1,333
4 Safe Auto $1,363
5 GEICO $1,381
6 Farmers $1,436
7 State Farm $1,583
8 Liberty Mutual $1,797
9 Travelers $1,868
10 OK Farm Bureau $2,018
11 Mercury $2,033
12 Shelter $2,129
13 Progressive $2,157
14 Home State $2,193
15 MetLife $2,213
16 Allstate $2,400
17 Safeco $5,056
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USAA normally has some of the cheapest car insurance rates in Oklahoma City at around $1,161 annually. This is $806 less than the average premium paid by Oklahoma drivers of $1,967. Oklahoma Farmers Union, The Hartford, Safe Auto, and GEICO also make the cut as some of the lowest-priced Oklahoma City, OK auto insurance companies.

As depicted above, if you have coverage with Oklahoma Farmers Union and switched to USAA, you could earn savings of about $41. Policyholders with The Hartford might save as much as $172 a year, and Safe Auto customers might see rate reductions of $202 a year.

It’s important to note that these policy rates are averaged for all types of insureds and vehicles and do not take into consideration a vehicle location for retired military. So the insurer that fits your needs best may not even be in the top 17 companies in the list above. That helps illustrate why you need to compare as many prices as possible using your own individual information.

Types of discounts on Oklahoma City car insurance

Car insurance for veterans in Oklahoma City, OKInsurers that offer coverage for retired military may also give you policy discounts that can reduce rates by as much as 35% if you are eligible for them. Popular car insurance companies and a partial list of their discounts can be found below.

The illustration below illustrates the comparison of car insurance costs with and without policy discounts. The data assumes a female driver, no accidents, no driving violations, Oklahoma state minimum liability limits, full physical damage coverage, and $100 deductibles. The first bar for each age group shows premium with no discounts. The second bar shows the rates with multiple vehicle, vehicle safety, claim-free, anti-theft, marriage, and multiple policy discounts applied. In this example, theaverage amount saved on car insurance for retired military is 28% or $672.

How accidents and tickets impact rates

The obvious way to maintain affordable car insurance prices for veterans is to drive attentively and avoid traffic citations and accidents. The illustration below highlights how traffic violations and at-fault fender-benders can influence insurance prices for different categories of driver ages. The data assumes a married female driver, full physical damage coverage, $500 deductibles, and no discounts are taken into consideration.

The chart shows that the average cost of an auto insurance policy per year with no accidents or violations is $2,192. Factor in one speeding ticket and the average cost surges to $2,558, an increase of $366 each year. Next add two accidents along with the one speeding ticket and the annual cost of car insurance for retired military goes up to an average of $5,832. That’s an increase of $3,640, or $303 per month, just for being a less-than-perfect driver!

Don’t stick with an overpriced policy

Oklahoma City, OK car insurance rates are based on many factors which can substantially decrease or increase the price you pay for coverage. Simply having a birthday, having a claim, or getting a reckless driving citation can trigger changes in premium that can now make some companies cheaper in comparison to the competition.

Additionally, car insurance companies change premium rates at least once a year in order to protect their financial rating. Larger than normal claims may cause increased rates, while lower claim levels may result in more affordable Oklahoma City car insurance rates.

The chart below compares the cheapest car insurance in Oklahoma City, OK for a 35-year-old male driver with a clean driving record, no accidents, and good credit. Based on his current risk profile, Oklahoma Farmers Union quotes the cheapest car insurance rates in Oklahoma City at $1,354 a year. This is $613 less than the average price paid by Oklahoma drivers of $1,967. USAA, GEICO, The Hartford, and Farmers are the remaining cheapest Oklahoma City, OK auto insurance companies.

Let’s now give the driver from above a claim or two, bad credit, and an imperfect driving record. Since each auto insurance company has a different formula to set policy rates, analyzing rate quotes may now show a substantially altered list of cheap Oklahoma City auto insurance companies as shown below.

State Farm now has the best car insurance rate in Oklahoma City with USAA, Travelers, Liberty Mutual, and GEICO also being competitive. This demonstrates why it is crucial to compare rates when trying to find the best car insurance rates for retired military. Rates consist of many factors and can decrease or increase without notice, so the best option the last time you shopped around may now be one of the more expensive options.

How to find the cheapest auto insurance for retired military

The list below shows a few thrifty suggestions that can help drivers buy cheap coverage.

The last tip in the list is incredibly important, as we pointed out in the article above. Car insurance prices can change in a short period of time, so don’t hesitate to change insurance companies if a cheaper rate is available. Many drivers have brand loyalty and that’s fine, but we do not recommend it if that stubbornness costs you a fortune every year. Now is a great time to compare rates to find cheaper car insurance for retired military in Oklahoma City.

The agencies below can most likely answer your questions and help you decide which auto insurance policy fits you best, since some drivers wish to have the advice of a professional agent when shopping for the best coverage for veterans. It can be time-consuming to find the cheapest auto insurance company, and insurance agents can give you comfort knowing your policy gives you adequate protection.

To locate an agency using an interactive map, click the button link following the list or click here to compare rates now.

Professional Insurors Agency, LLC
7301 Broadway ExtOklahoma City, OK 73116(405) 843-9191

Copeland Insurance
5002 S Anderson RdOklahoma City, OK 73150(405) 737-6231

Mai McCoy – State Farm Insurance Agent
2800 N Classen Blvd #105Oklahoma City, OK 73106(405) 524-3327

More insurance agents in Oklahoma City, OK