It’s impossible to miss the captivating ads from companies like The General, GEICO, and State Farm that promise enormous savings, so you just need to pick the one with the catchiest commercial, right?
That is not the case, however, as there are a whole slew of unknown elements such as the deductible level you need, your credit history, the area you live in, and whether or not you own a home. The information below will cover the best ways to pay less and also should give you a good start in finding the cheapest insurance in Oklahoma City.
Deciding which company quotes the lowest-priced car insurance rates for teenagers will involve more work in order to find the best price.
Each auto insurance company has a proprietary formula for setting prices, so let’s examine the most budget-friendly car insurance companies in Oklahoma.
Best Cheap Insurance Rates for Teens
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | USAA | $1,161 |
| 2 | Oklahoma Farmers Union | $1,166 |
| 3 | The Hartford | $1,333 |
| 4 | GEICO | $1,353 |
| 5 | Safe Auto | $1,377 |
| 6 | Farmers | $1,422 |
| 7 | State Farm | $1,521 |
| 8 | Travelers | $1,849 |
| 9 | Liberty Mutual | $1,852 |
| 10 | Mercury | $1,973 |
| 11 | OK Farm Bureau | $2,018 |
| 12 | MetLife | $2,147 |
| 13 | Home State | $2,149 |
| 14 | Progressive | $2,157 |
| 15 | Shelter | $2,194 |
| 16 | Allstate | $2,400 |
| 17 | Safeco | $5,056 |
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USAA may offer some of the lowest car insurance rates in Oklahoma City at around $1,161 annually. This is $806 less than the average price paid by Oklahoma drivers of $1,967. Oklahoma Farmers Union, The Hartford, GEICO, and Safe Auto also make the cut as some of the lowest-priced Oklahoma City, OK insurance companies.
As shown in the table above, if you currently have a policy with GEICO and switched to USAA, you could realize an annual savings of about $192. Customers with Safe Auto could save as much as $216 a year, and Farmers customers might lower prices by $261 a year.
To see if your current coverage is too expensive, click here to get a free quote or quote rates from the companies below.
Bear in mind that those policy prices are averages for all drivers and vehicles and do not factor in a specific location for teenagers. So the insurer that fits you best may not even be in the top 17 companies in the list above. That emphasizes why you need to get quotes using your own individual information.
The vehicle model requiring coverage is a significant factor when comparison shopping for the most economical coverage for teenagers. Vehicles with lower acceleration and performance, a plethora of safety features, or a low likelihood of having liability claims will cost much less to insure than higher performance models.
The table below presents coverage costs for a selection of the most affordable vehicles to insure in Oklahoma.
| Make and Model | Estimated Cost for Full Coverage |
|---|---|
| Ford Escape XLT 2WD | $3,855 |
| Honda CR-V EX 2WD | $3,861 |
| Honda Accord EX-L 4-Dr Sedan | $4,136 |
| Toyota Prius | $4,173 |
| Dodge Grand Caravan SE | $4,326 |
| Ford F-150 XL Super Cab 4WD | $4,336 |
| Chevrolet Equinox LS AWD | $4,569 |
| Toyota RAV4 Limited 4WD | $4,576 |
| Ford Explorer Eddie Bauer AWD | $4,606 |
| Jeep Wrangler Unlimited Sport 2WD 4-Dr | $4,773 |
| Ford Focus SES 4-Dr Sedan | $4,776 |
| Toyota Camry SE | $4,813 |
| Toyota Tacoma X-Runner 2WD | $4,818 |
| Compare Cheap Rates Go | |
Premium data assumes single female driver age 17, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Oklahoma minimum liability limits. Discounts applied include claim-free, and safe-driver. Estimates do not factor in Oklahoma City, OK location which can alter auto insurance rates noticeably.
Looking at the data, vehicles like the Ford Escape, Honda CR-V, and Honda Accord should be a few of the less-costly vehicles to insure for teen drivers. Prices will tend to be more expensive anyway just due to the fact that there is more liability exposure for teenagers, but overall those specific models will have the best rates available.
For teen drivers, one of the largest criteria that are looked at to help calculate the price you pay for insurance is where you normally keep your vehicle. More densely populated places tend to have higher auto insurance costs, whereas areas with lower vehicle theft rates and fewer weather claims tend to receive cheaper rates.
The following table shows the most costly cities in Oklahoma for teenagers to buy an auto insurance policy in. Oklahoma City ranks #5 with the yearly price of $2,199 for car insurance, which is about $183 monthly.
| Rank | City | Annual Rate |
|---|---|---|
| 1 | Sand Springs | $2,227 |
| 2 | Del City | $2,221 |
| 3 | Broken Arrow | $2,216 |
| 4 | Tulsa | $2,215 |
| 5 | Oklahoma City | $2,199 |
| 6 | Bixby | $2,169 |
| 7 | Bethany | $2,157 |
| 8 | Owasso | $2,148 |
| 9 | Midwest City | $2,140 |
| 10 | Edmond | $2,126 |
| 11 | Sapulpa | $2,102 |
| 12 | Moore | $2,069 |
| 13 | Norman | $2,033 |
| 14 | Yukon | $1,994 |
| 15 | Stillwater | $1,989 |
| 16 | Claremore | $1,987 |
| 17 | Bartlesville | $1,981 |
| 18 | Shawnee | $1,968 |
| 19 | Muskogee | $1,943 |
| 20 | Lawton | $1,941 |
| Find Cheaper Insurance Go | ||
Table data uses comparative as zip code location can revise auto insurance rates substantially.
Get discounts on Oklahoma City auto insurance
Auto insurance companies that provide coverage for teenagers may also provide premium discounts that could potentially reduce rates by as much as 30% if you meet the requirements. A few popular companies and their possible discounts are detailed below.
- State Farm may offer discounts for anti-theft, passive restraint, multiple policy, safe vehicle, Steer Clear safe driver discount, and accident-free.
- Farmers Insurance offers discounts including teen driver, early shopping, bundle discounts, homeowner, good student, and multi-car.
- Progressive may include discounts for multi-vehicle, online signing, continuous coverage, good student, online quote discount, multi-policy, and homeowner.
- GEICO may have discounts that include anti-theft, anti-lock brakes, membership and employees, good student, and emergency military deployment.
- Auto-Owners Insurance has savings for mature driver, paid in full, anti-lock brakes, paperless, and safe vehicle.
- The Hartford discounts include driver training, good student, anti-theft, air bag, and defensive driver.
- Farm Bureau has discounts for renewal discount, multi-vehicle, safe driver, driver training, multi-policy, and youthful driver.
- USAA includes discounts for driver training, vehicle storage, multi-vehicle, multi-policy, loyalty savings, military installation, and new vehicle.
The chart below illustrates the difference between car insurance rates with and without discounts applied. The data assumes a male driver, no violations or accidents, Oklahoma state minimum liability limits, full physical damage coverage, and $100 deductibles. The first bar for each age group shows the average annual price with no discounts. The lower bar shows the rates with passive restraint, paid-in-full, paperless filing, vehicle safety, continuous coverage, and good student discounts applied. When discounts are factored in, the average amount saved each year on car insurance for teenagers is 28% or $907.
The information below demonstrates how choosing different deductibles can raise or lower insurance costs when searching for cheap insurance for teenagers. The premium estimates are based on a married male driver, full coverage, and no additional discounts are factored in.
The data above shows that a 40-year-old driver could reduce rates by $422 a year by increasing from a $100 deductible to a $500 deductible, or save $636 by choosing a $1,000 deductible. Youthful drivers, like the 20-year-old category, could potentially save as much as $1,420 or more by choosing a larger deductible amount.
If you do raise deductibles, it will now be necessary to have plenty of money set aside to pay the extra out-of-pocket expense, which is the main disadvantage of using high deductibles.
How to find more affordable auto insurance for teenagers
Below you’ll find some penny-pinching suggestions that can help Oklahoma drivers quote cheaper auto insurance.
- Do not get into accidents
- Increase your credit rating
- Increase your policy deductibles
- You will pay more if you get tickets or have at-fault accidents
- Buy vehicles with good safety ratings
- Compare rate quotes often
The last tip in the list is extraordinarily vital, as was pointed out in this piece. Coverage rates vary considerably, so you should be ready to buy from a new company if a lower price can be found. Having brand loyalty is commendable, but is isn’t recommended if that loyalty ends up costing money that could be going to better use. If you have a few minutes, compare prices and find cheaper auto insurance for teenagers in Oklahoma City.
The insurance agencies below are willing to aid you in deciding which car insurance company is the best fit, since some drivers aren’t sure which coverage they need and prefer to get some professional advice when shopping for the best coverage for teenagers. It can be challenging to find the best policy yourself, so using a licensed agent can bring peace of mind knowing your policy gives you adequate protection in case of an accident or claim.
To find an Oklahoma City insurance agency in your neighborhood, click the button at the bottom of the list or click here to compare prices now.
- Copeland Insurance
5002 S Anderson Rd – Oklahoma City, OK 73150 – (405) 737-6231 - Insurance Center Agency Inc
Union Plaza, 5600 N May Ave #300 – Oklahoma City, OK 73112 – (405) 843-0793 - Actionplus Insurance Agency
5831 NW 23rd St – Oklahoma City, OK 73127 – (405) 702-9009 - Knight’s Insurance Agency
3825 NW 23rd St – Oklahoma City, OK 73107 – (405) 946-0111