What Car Insurance is Cheapest for Active Military in Oklahoma City?

Comparing rates for affordable insurance is easier said than done, and figuring out which company offers the lowest-priced car insurance rates for active military requires more quotes for comparison. Every auto insurer has a different formula to set premium rates, so first let’s look at the rankings for the car insurance companies that tend to have lower prices in Oklahoma.

It’s a good idea to be aware that Oklahoma car insurance rates are influenced by many factors which can substantially change the price you pay. This price variability is why it is so important to compare many different companies when trying to get the most budget-friendly auto insurance quotes for active military. Prices are impacted by many different factors and can change without notice, so the best option the last time you shopped around may now be wasting a lot of money.

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USAA may offer some of the lowest car insurance rates in Oklahoma City at around $1,185 per year. Oklahoma Farmers Union, GEICO, The Hartford, and Farmers also qualify as some of the best Oklahoma City, OK car insurance companies.

As depicted above, if you buy coverage from GEICO and switched to USAA, you could earn an annual premium reduction of approximately $168. Policyholders with The Hartford could save as much as $188 a year, and Farmers policyholders might cut rates by $209 a year.

To see how much you can save, click here to get a free quote or click several companies below for low rates.

Bear in mind that those premiums are averages for all types of insureds and vehicles and are not factoring in an exact location for active military. So the auto insurance company that can offer you the lowest price may not even be in the list above. That underscores the importance of why you need to compare as many prices as possible using your own specific driver and vehicle information.

The vehicle driven is one of the main factors that determines whether or not you can buy economical auto insurance for active military. Vehicles with more horsepower, a lack of safety features, or an increased likelihood of liability claims will cost substantially more to insure than safer models.

The information below ranks auto insurance rates for a number of the most affordable automobiles to buy insurance for.

Cheapest Vehicles to Insure in Oklahoma City, OK
Make and Model Estimated Cost for Full Coverage
Honda CR-V EX 2WD $1,148
Ford Escape Limited 2WD $1,174
Jeep Wrangler Sport Islander Package 4WD 2-Dr $1,261
Dodge Grand Caravan CV $1,288
Jeep Grand Cherokee Laredo 2WD $1,360
Honda Accord EX-L 4-Dr Sedan $1,368
Ford Explorer Limited 4WD $1,387
Toyota Prius $1,399
Nissan Altima Hybrid 4-Dr Sedan $1,462
Chevrolet Equinox LS 2WD $1,486
GMC Sierra 3500HD SLE Regular Cab 2WD $1,493
Toyota RAV4 Sport 2WD $1,486
Toyota Camry LE $1,494
Ford F-150 Lariat Crew Cab Harley 4WD $1,486
Ford Edge SEL 2WD $1,501
Toyota Tacoma Double Cab TRD Off-Road Package 4WD $1,518
Dodge Ram 3500 Crew Cab Laramie 2WD $1,524
Nissan Rogue SL AWD $1,532
Ford Focus SES 4-Dr Sedan $1,539
Hyundai Elantra Blue 4-Dr Sedan $1,545
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Data assumes single male driver age 30, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Oklahoma minimum liability limits. Discounts applied include multi-vehicle, safe-driver, homeowner, multi-policy, and claim-free. Price information does not factor in vehicle location which can impact rates greatly.

Looking at the data, models like the Honda CR-V, Ford Escape, and Jeep Wrangler will definitely be the cheaper vehicles to insure for military personnel.

Difference between full coverage and liability only rates

Paying less for car insurance should be important to most drivers, and one easy way to pay less for insurance for active military is to not pay for full coverage. The information below shows the comparison of car insurance costs with full physical damage coverage and with liability coverage only. The costs are based on a clean driving record, no claims, $1,000 deductibles, drivers are single, and no policy discounts are applied.

As an average, physical damage coverage costs $2,033 per year more than just buying liability insurance. Many drivers may wonder if buying full coverage is a good investment. There is no set rule of when to drop comprehensive and collision coverage on your policy, but there is a general guideline you can use. If the yearly cost for physical damage coverage is 10% or more of the replacement cost minus the deductible, then it might be time to consider dropping full coverage.

For example, let’s assume your vehicle’s claim settlement value is $6,500 and you have $1,000 physical damage deductibles. If your vehicle is destroyed, the most you would receive is $5,500 after the policy deductible has been paid. If you are currently paying more than $550 annually for your policy with full coverage, then it might be time to buy liability only.

There are some situations where dropping full coverage is not a good idea. If you have an outstanding loan on your vehicle, you are required to maintain full coverage as part of the loan conditions. Also, if you cannot afford to purchase a different vehicle in case of an accident, you should keep full coverage on your policy.

The information below illustrates how choosing a deductible can affect insurance prices when trying to find cheap insurance for active military. The premiums assume a single female driver, comp and collision included, and no discounts are applied to the premium.

The data above shows that a 30-year-old driver could lower their car insurance rates by $550 a year by increasing from a $100 deductible up to a $500 deductible, or save $826 by choosing a $1,000 deductible. Youthful drivers, like the 20-year-old example, could lower their rates $1,232 each year just by using higher deductibles. If you do decide to increase your deductibles, it will now be necessary to have enough savings set aside to offset the extra out-of-pocket expense that comes with higher deductibles.

Ending up with the best insurer is difficult considering how many different companies there are to choose from in Oklahoma. The rank data shown next could help you select which car insurance companies you want to consider when shopping around. The rankings below only include insurance companies that insure vehicles in the majority of U.S. states, so companies that may only write in Oklahoma will not be included in these rankings.

Top 10 Large Auto Insurance Providers in Oklahoma City Ranked by Value

  1. Mercury Insurance
  2. Travelers
  3. American Family
  4. Safeco Insurance
  5. AAA Insurance
  6. The Hartford
  7. Progressive
  8. 21st Century
  9. The General
  10. Esurance

Top 10 Large Auto Insurance Providers in Oklahoma City Ranked by Customer Satisfaction

  1. USAA – 91%
  2. AAA Insurance – 90%
  3. Esurance – 90%
  4. Mercury Insurance – 89%
  5. Nationwide – 89%
  6. Travelers – 88%
  7. Progressive – 88%
  8. Safeco Insurance – 88%
  9. State Farm – 88%
  10. Allstate – 88%

The insurance agencies below can probably provide answers to your questions and help you determine which insurance coverage will be best for you, since some people prefer to get some professional input when comparing insurance rates for active military. It’s not always simple to find the best coverage on your own, so getting professional guidance from a licensed agent can add satisfaction knowing your coverage gives you adequate protection in case of an accident or claim.

To find an Oklahoma City insurance agent close to where you live, click the button after the list or click here to compare prices now.

State Farm: Vicky Richey Insurance Agency Inc
8601 S Walker AveOklahoma City, OK 73139(405) 635-0677

Jim Hoffhines – State Farm Insurance Agent
3838 NW 36th St #160Oklahoma City, OK 73112(405) 948-8881

Tom Woodward – State Farm Insurance Agent
4401 W Memorial Rd #115Oklahoma City, OK 73134(405) 755-5958

Courtesy Insurance Agency
324 W Hefner RdOklahoma City, OK 73114(405) 755-4571

Action Plus Insurance Agency
9005 S May AveOklahoma City, OK 73159(405) 631-9009

More insurance agents in Oklahoma City, OK