What Insurance is Cheapest for a 20 Year Old Female in Oklahoma City?

The words “affordable” and “insurance” really don’t belong together, especially when searching for the best insurance rates for 20 year old women. Let’s start off by going over some of the factors that have an effect on insurance prices, and find a few ways to slash the price of the next policy you buy.

For young women, one of the big criteria that are looked at to help calculate the price you pay for insurance is where your residence is in Oklahoma City. Areas with a lot of weather claims or more people will most likely have higher rates, whereas areas with fewer weather claims and lower vehicle theft rates have the luxury of cheap car insurance rates.

The illustration below lists the most costly cities in Oklahoma for 20 year old women in which to buy car insurance. Oklahoma City shows up at #10 with an annual cost of $2,113 for the average insurance policy, which is approximately $176 monthly.

How much is car insurance in Oklahoma City?
Rank City Annual Rate
1 Tulsa $2,282
2 Sand Springs $2,205
3 Bethany $2,201
4 Midwest City $2,184
5 Sapulpa $2,165
6 Del City $2,155
7 Broken Arrow $2,151
8 Bixby $2,147
9 Owasso $2,127
10 Oklahoma City $2,113
11 Edmond $2,105
12 Moore $2,090
13 Claremore $2,048
14 Norman $2,033
15 Bartlesville $2,000
16 Yukon $1,994
17 Shawnee $1,988
18 Stillwater $1,970
19 Muskogee $1,962
20 Ponca City $1,956
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Rates are approximated as the vehicle garaging location can influence coverage prices substantially.

Finding decent, low-cost car insurance is not the easiest thing to do, and finding out which company offers the best insurance rates for 20 year old women calls for a little more work. Each auto insurer has a different process to establish rates, so let’s begin by taking a look at the insurance companies with the overall best prices in Oklahoma.

It’s a good idea to be aware that Oklahoma City, OK insurance rates are calculated based on many things which can significantly increase or decrease the policy price. This price fluctuation is why it is crucial to compare many different companies when trying to get affordable insurance quotes for 20 year old women. Prices can be determined by many risk factors and can decrease or increase without notice, so the cheapest rate when you last compared rates may now be wasting a lot of money.

Best Auto Insurance Prices for Women Age 20

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Cheapest insurance companies in Oklahoma
Rank Company Cost Per Year
1 Oklahoma Farmers Union $1,154
2 USAA $1,161
3 The Hartford $1,319
4 Safe Auto $1,377
5 GEICO $1,381
6 Farmers $1,436
7 State Farm $1,521
8 Travelers $1,868
9 Liberty Mutual $1,871
10 Mercury $1,993
11 OK Farm Bureau $2,018
12 Home State $2,128
13 Shelter $2,129
14 Progressive $2,223
15 MetLife $2,235
16 Allstate $2,472
17 Safeco $5,056
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Oklahoma Farmers Union quotes some of the lowest car insurance rates in Oklahoma City at around $1,154 each year. USAA, The Hartford, Safe Auto, and GEICO are also some of the most economical Oklahoma City, OK car insurance companies.

In the above example, if you are currently insured with USAA and switched to Oklahoma Farmers Union, you could earn a yearly savings of roughly $7. Policyholders with The Hartford may save as much as $165 a year, and Safe Auto policyholders might see rate reductions of $223 a year.

To compare your rates to other Oklahoma insurance companies, click here to get a free quote or visit any of the low-priced companies below.

It’s important to note that these premium estimates are averaged for all types of drivers and the different vehicles they drive and do not factor in a specific location for 20 year old women. So the car insurance company that can offer you the best price may not even be in the top 17 companies in the list above. That point stresses why you need to compare rates from multiple companies using your own driver data and vehicle information.

The make and model of vehicle requiring insurance is one of the primary factors when quoting the lowest-priced car insurance for 20 year old women. Vehicles with economical engines, good safety features, or a positive history of liability claims will cost substantially less to insure than adrenaline junky models.

The list below illustrates car insurance costs for a selection of the cheaper automobiles to insure.

Cheapest Vehicles to Insure in Oklahoma City, OK
Vehicle Make and Model Estimated Cost for Full Coverage
Hyundai Elantra GLS Touring Station Wagon $2,350
Honda CR-V EX 2WD $2,355
Ford Escape XLT 4WD $2,385
Toyota Prius $2,570
Toyota Tacoma 4WD $2,636
Ford F-150 STX Regular Cab 4WD $2,644
Volkswagen Jetta 2.0T Station Wagon $2,723
Ford Edge SEL AWD $2,751
Chevrolet Equinox LS 2WD $2,786
Dodge Grand Caravan Hero $2,792
Toyota RAV4 2WD $2,786
Chevrolet Malibu LS $2,795
Chevrolet Impala LT $2,786
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Premium data assumes single female driver age 20, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Oklahoma minimum liability limits. Discounts applied include safe-driver, and claim-free. Premium costs do not factor in vehicle garaging location which can affect premium rates noticeably.

Based upon the rates shown, we can presume that models like the Hyundai Elantra, Honda CR-V, Ford Escape, and Toyota Prius will be a few of the most affordable vehicles to insure for young women. Prices will be more costly just due to the fact that there is more liability exposure for 20 year old women, but generally speaking those particular models will tend to have the lowest insurance prices compared to other types of vehicles.

The information below highlights how deductible choice can change yearly insurance costs when searching for cheap insurance for 20 year old women. The prices are based on a married 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 save $354 a year by changing from a $100 deductible to a $500 deductible, or save $538 by selecting a $1,000 deductible. Younger drivers, like the 20-year-old category, could shave $758 or even more just by choosing larger deductibles.

If you do decide to increase your deductibles, it is necessary to have enough spare savings to allow you to pay the extra out-of-pocket expense associated with higher deductibles.

Insuring your vehicle with the best insurer is hard considering how many different companies there are to choose from in Oklahoma City. The information shown below can help you analyze which insurers to look at comparing price quotes from. These rankings are only made up of the largest companies in the United States, so companies with more of a regional focus are not included in these rankings.

Best Insurance Companies for a 20 Year Old Female 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
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

Cost difference between full coverage and liability

Finding cheaper insurance is probably important to most vehicle owners, and one of the quickest ways to pay lower rates for insurance for 20 year old women is to not insure for full coverage. The diagram below shows the comparison of insurance prices with full physical damage coverage compared to only buying liability only. The data is based on no accidents or driving violations, $500 deductibles, drivers are single, and no discounts are taken into consideration.

Averaged for all ages 20 through 70, comp and collision coverage costs an additional $2,815 per year more than just insuring for liability. That may make you wonder if you should buy full coverage at all. There is no set rule for excluding comp and collision coverage, but there is a general guideline. If the yearly cost for physical damage coverage is more than around 10% of replacement cost minus your deductible, then it could be time to drop full coverage.

For example, let’s pretend your vehicle’s settlement value is $11,500 and you have $1,000 policy deductibles. If your vehicle is damaged in an accident, the most you would receive is $10,500 after paying your policy deductible. If it’s costing you more than $1,050 annually for comprehensive and collision coverage, then it may be the right time to buy liability only.

There are some scenarios where eliminating full coverage is not advised. If you still owe a portion of the original loan, you have to keep full coverage as part of the loan requirements. Also, if you can’t afford to buy a different vehicle in the event your current vehicle is totaled, you should keep full coverage in place.