What Insurance is Cheapest for Good Drivers in Oklahoma City?

Deciphering which company quotes the cheapest car insurance rates for good drivers will require more work in order to find the best price. Every insurance company has a unique formula for setting prices, so let’s take a look at the lowest cost car insurance companies in Oklahoma.

We do need to point out that Oklahoma City car insurance rates are determined by lots of factors which can substantially decrease or increase the cost of coverage. Turning one year older, increasing deductibles, or getting a ticket for running a stop sign may prompt premium changes resulting in some rates now being more affordable than before.

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What’s the cheapest car insurance in Oklahoma?
Rank Company Cost Per Year
1 Oklahoma Farmers Union $1,166
2 USAA $1,185
3 The Hartford $1,359
4 GEICO $1,381
5 Safe Auto $1,405
6 Farmers $1,436
7 State Farm $1,521
8 Liberty Mutual $1,797
9 Travelers $1,906
10 Mercury $2,053
11 OK Farm Bureau $2,079
12 Shelter $2,129
13 MetLife $2,213
14 Home State $2,214
15 Progressive $2,245
16 Allstate $2,400
17 Safeco $5,209
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Oklahoma Farmers Union may offer some of the cheapest car insurance rates in Oklahoma City at around $1,166 annually. USAA, The Hartford, GEICO, and Safe Auto also are some of the best Oklahoma City, OK car insurance companies.

In this example, if you are currently insured with The Hartford and switched to Oklahoma Farmers Union, you might see savings of approximately $193. Drivers with GEICO may save as much as $215 a year, and Safe Auto policyholders might realize rate reductions of up to $239 a year.

Be aware that those prices are averaged for all ages of drivers and types of vehicles and are not factoring in an exact location for good drivers. So the auto insurance company that is best for you may not even be in the list above. That affirms the importance of why you need to quote rates from as many companies as possible using your own specific driver information and vehicle.

For safe drivers, one of the largest components that determine the annual cost of car insurance is where you live in Oklahoma City. Cities with larger populations likely pay more, whereas areas with less congestion receive better rates.

The table below ranks the most expensive cities in Oklahoma for good drivers in which to buy car insurance. Oklahoma City is ranked at #4 with the annual price of $2,178 for the average policyholder, which is around $182 each month.

Car insurance prices in Oklahoma City
Rank City Annual Rate
1 Tulsa $2,282
2 Bixby $2,213
3 Broken Arrow $2,195
4 Oklahoma City $2,178
5 Del City $2,177
6 Owasso $2,148
7 Midwest City $2,140
8 Sand Springs $2,139
9 Bethany $2,135
10 Edmond $2,105
11 Sapulpa $2,102
12 Norman $2,095
13 Moore $2,090
14 Yukon $2,015
15 Claremore $2,008
16 Stillwater $1,989
17 Shawnee $1,968
18 Ardmore $1,936
19 Bartlesville $1,922
20 Ponca City $1,918
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Table data uses approximated as specific location information can change prices noticeably.

The car, truck, or SUV that needs insurance is probably the most important factor when consumers are trying to find the lowest-priced car insurance for good drivers. Vehicles with reasonable performance levels, a plethora of safety features, or low incidents of liability claims will cost much less to insure than higher performance models.

The data below estimates coverage prices for a handful of the most affordable automobiles to buy insurance for.

Cheapest Vehicles to Insure in Oklahoma City, OK
Make, Model, and Trim Level Estimated Cost for Full Coverage
Ford Escape XLS 4WD $1,163
Honda Accord LX 4-Dr Sedan $1,200
Hyundai Elantra GLS Touring Station Wagon $1,205
Ford F-150 XL Crew Cab 4WD $1,214
Honda CR-V EX-L 2WD $1,233
Jeep Wrangler Sport 4WD 2-Dr $1,252
Ford Focus SES 4-Dr Sedan $1,300
Ford Explorer Eddie Bauer 2WD $1,310
Ford Edge Limited AWD $1,326
Toyota Camry XLE $1,333
Toyota Prius $1,328
Chevrolet Equinox LTZ AWD $1,349
Chevrolet Silverado LT Regular Cab 2WD $1,358
Nissan Rogue SL 2WD $1,349
Hyundai Sonata GLS 4-Dr Sedan $1,357
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Prices based on single male driver age 30, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Oklahoma minimum liability limits. Discounts applied include claim-free, multi-vehicle, safe-driver, homeowner, and multi-policy. Premium amounts do not factor in specific location which can lower or raise coverage rates greatly.

Looking at the data, models like the Ford Escape, Honda Accord, Hyundai Elantra, Ford F-150, and Honda CR-V are likely to be a few of the most economical vehicles to insure for safe drivers.

The information below shows how choosing a deductible can impact insurance costs when trying to find cheap insurance for good drivers. The information is based on a single female driver, comprehensive and collision coverage, and no other discounts are factored in.

The chart above illustrates that a 40-year-old driver could save $480 a year by increasing from a $100 deductible to a $500 deductible, or save $724 by changing to a $1,000 deductible. Young drivers, such as the 20-year-old example, could reduce their rates up to $1,232 annually by choosing a larger deductible amount. If you do raise deductibles, it’s a good idea to have plenty of discretionary funds to be able to cover the extra out-of-pocket expense. That is the one drawback of using higher deductibles.

Full coverage rates vs. liability-only in Oklahoma City

Finding cheaper car insurance is important to the majority of people, and an effective way to save on the cost of insurance for good drivers is to buy only liability coverage. The chart below compares insurance costs with and without full coverage. The data is based on no claims, a clean driving record, $250 deductibles, marital status is single, and no other discounts are factored in.

If we average the cost for ages 20 through 70, physical damage insurance costs $3,141 per year more than just buying liability insurance. Many drivers may wonder if it’s a good idea to buy full coverage. There is no clear-cut rule of when to eliminate physical damage insurance, but there is a general school of thought. If the yearly cost for physical damage coverage is 10% or more of replacement cost minus your deductible, then it might be time to consider dropping full coverage.

For example, let’s pretend your vehicle’s claim settlement value is $7,500 and you have $1,000 deductibles. If your vehicle is severely damaged, the most you would get paid by your company is $6,500 after you pay the deductible. If it’s costing in excess of $650 a year for physical damage coverage, then you might want to think about dropping full coverage.

Impact of speeding/accidents on car insurance rates

A great way to score good car insurance premiums in Oklahoma City for safe drivers is to drive cautiously and not get tickets or have accidents. The diagram below illustrates how violations and accidents increase premium costs for each different age group. The information is based on a single female driver, full physical damage coverage, $100 deductibles, and no discounts are applied to the premium.

In the previous chart, the average cost of car insurance per year with no accidents and a clean driving record is $3,252. Get two speeding tickets and the average cost hikes up to $4,384, an increase of $1,132 each year. Next add one accident along with the two speeding tickets and the yearly cost of car insurance for good drivers goes up to an average of $5,544. That’s an increase of $2,292, or $191 per month, just for not being a responsible driver!