If you want to save money, the best way to get more affordable GMC Envoy insurance is to make a habit of regularly comparing prices from companies who sell auto insurance in Oklahoma City. This can be done by completing these steps.
- First, spend a few minutes and learn about coverages and the measures you can take to keep rates low. Many risk factors that drive up the price like getting speeding tickets and a not-so-good credit history can be eliminated by making minor changes in your lifestyle. Keep reading for instructions to help prevent costly coverage and find more discounts that you may not know about.
- Second, get rate quotes from direct carriers, independent agents, and exclusive agents. Exclusive agents and direct companies can only give prices from a single company like GEICO and Allstate, while agents who are independent can quote prices from many different companies. Start a quote
- Third, compare the new rates to the premium of your current policy to see if a cheaper rate is available in Oklahoma City. If you find a lower rate and decide to switch, make sure there is no lapse in coverage.
- Fourth, give proper notification to your current agent or company of your intention to cancel your current car insurance policy. Submit the application along with any required down payment to your new company or agent. Be sure to keep your new proof of insurance certificate in an easily accessible location in your vehicle.
One key aspect of rate comparisons is to try to use the same level of coverage on every quote and and to get rate quotes from as many carriers as you can. This enables a level playing field and a thorough selection of prices.
Statistics show that about 70% of customers kept their policy with the same company for a minimum of four years, and nearly 40% of drivers have never even compared rates from other companies. With the average premium in Oklahoma being $1,780, drivers could save roughly $600 each year by just comparing quotes, but most just don’t grasp the large savings they would see if they switched to a cheaper policy.
Cutting your Oklahoma City auto insurance rates is not rocket science. The only thing you need to do is invest a little time to compare rate quotes from different insurance companies.
Doing price comparisons online is so simple that it makes it a waste of time to spend your day driving to local Oklahoma City insurance agencies. Quoting GMC Envoy insurance online has made agencies unnecessary unless you have a need for the guidance of a licensed agent. It is possible with some companies find lower rates online but have your policy serviced through an agent.
The companies shown below can provide quotes in Oklahoma City, OK. If multiple companies are listed, it’s highly recommended you get price quotes from several of them in order to get a fair rate comparison.
Seven factors that impact insurance rates
An important part of buying insurance is that you know some of the factors that come into play when calculating the rates you pay for car insurance. When you know what positively or negatively determines base rates, this allows you to make good choices that may result in lower car insurance prices.
- Mileage impacts costs – Driving a lot of miles annually the higher the price you pay to insure it. Most insurance companies calculate prices based on how the vehicle is used. Cars not used for work or commuting can be on a lower rate level than those that get driven frequently. It’s a smart idea to ensure your policy is rated on the correct driver usage. An incorrectly rated Envoy may be wasting your money.
- High insurance claims frequency drives up car insurance rates – Companies in Oklahoma generally give better rates to people who are not frequent claim filers. If you’re an insured who likes to file claims you can pretty much guarantee higher rates. Your car insurance is designed for claims that you cannot pay yourself.
- Insurance rates are higher for high performance vehicles – The make and model of the car or truck you drive makes a significant difference in how high your rates are. The lowest base rates will normally be found when insuring low performance passenger cars, but the cost you end up paying is determined by many additional factors.
- Premiums increase with driving tickets – How you drive impacts your car insurance rates tremendously. Even one chargeable violation can bump up the cost by as much as thirty percent. Drivers with clean records tend to pay less for car insurance compared to bad drivers. Drivers who have flagrant violations like reckless driving, hit and run or driving under the influence may find they need to maintain a SR-22 with their state motor vehicle department in order to legally drive a vehicle.
- Prices also based on gender – Over the last 30 years, statistics show that females tend to be a little less risky than males. However, this does not mean women are BETTER drivers than men. Both genders have fender benders in similar numbers, but the men tend to have higher claims. Men also statistically get higher numbers of serious violations like DWI (DUI) or reckless driving.
- Vehicles with better crash test results cost less to insure – Safe vehicles are cheaper to insure. Highly rated vehicles help reduce the chance of injuries in an accident and reduced instances of injuries means lower claim amounts and thus lower rates. If your GMC Envoy earned at least an “acceptable” rating on the Insurance Institute for Highway Safety website or four stars on the National Highway Traffic Safety Administration website it is probably cheaper to insure.
- Liability limits should be high – Liability insurance provides coverage in the event that you are ruled to be at fault for causing damage or personal injury in an accident. Liability provides legal defense coverage which can be incredibly expensive. This coverage is relatively inexpensive compared to insuring for physical damage coverage, so do not skimp.
Auto insurance is not optional
Despite the high cost, buying auto insurance is required in Oklahoma but it also protects you in many ways.
First, just about all states have mandatory insurance requirements which means you are required to carry a specific level of liability protection if you want to drive legally. In Oklahoma these limits are 25/50/25 which means you must have $25,000 of bodily injury coverage per person, $50,000 of bodily injury coverage per accident, and $25,000 of property damage coverage.
Second, if you bought your Envoy with a loan, almost all lenders will force you to buy full coverage to guarantee payment of the loan. If coverage lapses or is canceled, the bank may insure your GMC at a more expensive rate and force you to pay for it.
Third, auto insurance preserves not only your GMC Envoy but also your assets. It will also provide coverage for medical bills for not only you but also any passengers injured in an accident. Liability insurance, one of your policy coverages, also covers all legal expenses up to the policy limit if you are sued as the result of an accident. If damage is caused by hail or an accident, collision and comprehensive (also known as other-than-collision) coverage will pay all costs to repair after the deductible has been paid.
The benefits of insuring your car more than offset the price you pay, particularly for liability claims. But the average driver in Oklahoma is wasting up to $820 a year so compare rates at every policy renewal to be sure current rates are still competitive.
What is the best car insurance company in Oklahoma City?
Finding a highly-rated auto insurance company can be rather challenging considering how many companies provide coverage in Oklahoma. The rank data in the lists below can help you pick which car insurance providers to look at purchasing coverage from.
Top 10 Oklahoma City Car Insurance Companies Ranked by Customer Service
- Mercury Insurance
- AAA Insurance
- Safeco Insurance
- State Farm
- The Hartford
- The General
Top 10 Oklahoma City Car Insurance Companies by A.M. Best Rank
- Travelers – A++
- USAA – A++
- GEICO – A++
- State Farm – A++
- Titan Insurance – A+
- Esurance – A+
- Progressive – A+
- The Hartford – A+
- Allstate – A+
- Nationwide – A+