Wouldn't it be nice if you could just know that one perfect company that has the cheapest rates after a speeding ticket? It's not that simple, unfortunately, as there are a whole bunch of unknown aspects such as what deductibles to use for physical damage coverage, any tickets or violations, and whether or not you have had gaps between policies. We will attempt to cover the best ways to pay less and will hopefully give you a good start to your coverage search.
The type of vehicle you are insuring is one of the biggest factors when comparison shopping for cheaper auto insurance after a speeding ticket. Vehicles with higher performance, a lack of modern safety features, or high incidents of liability claims will cost much more to insure than more modest models.
The next table shows coverage rates for the most affordable vehicles to insure.
|Make, Model, and Trim Level||Estimated Cost for Full Coverage|
|Honda Accord LX 4-Dr Sedan||$1,465|
|Volkswagen Jetta S 2.5 Station Wagon||$1,591|
|Ford Escape XLT 4WD||$1,655|
|Toyota RAV4 Limited 4WD||$1,736|
|Honda CR-V EX-L 2WD||$1,745|
|Hyundai Elantra SE Touring Station Wagon||$1,759|
|Ford F-150 Lariat Crew Cab 4WD||$1,770|
|Ford Edge SE 2WD||$1,867|
|Nissan Rogue SL AWD||$1,954|
|Hyundai Sonata SE 4-Dr Sedan||$1,960|
|Ford Focus SES 2-Dr Coupe||$1,954|
|Chevrolet Silverado LT Crew Cab 2WD||$1,989|
|Toyota Camry Hybrid||$1,998|
|Chevrolet Malibu LS||$2,019|
|Chevrolet Impala LTZ||$2,023|
|Honda Odyssey EX-L||$2,032|
|Nissan Altima 2.5 S 4-Dr Sedan||$2,023|
|Dodge Ram 3500 Mega Cab Laramie 2WD||$2,028|
|Honda Civic Hybrid 4-Dr Sedan||$2,058|
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Above prices assume single female driver age 30, two speeding tickets, no at-fault accidents, $1,000 deductibles, and Oklahoma minimum liability limits. Discounts applied include claim-free, homeowner, multi-vehicle, and multi-policy. Rates do not factor in vehicle location which can affect auto insurance rates greatly.
Looking at the rates, you can infer that models like the Honda Accord, Volkswagen Jetta, and Ford Escape are going to be some of the most budget-friendly vehicles to insure after a few driving violations.
After a few driving violations, one of the more important things that are used to help calculate the amount you pay each year for auto insurance is your address. More populated areas will most likely pay more, whereas less populated areas have the gratification of cheaper auto insurance rates.
The information below sorts the priciest cities in Oklahoma after a speeding ticket in which to buy car insurance. Oklahoma City makes the list at #6 with an annual cost of $2,199 for car insurance, which is around $183 monthly.
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Premium costs are estimated as the garaging address in Oklahoma City can raise or lower auto insurance rates considerably.
Poor driving habits will raise your car insurance rates
In a perfect world, the best way to earn cheap car insurance prices after a few driving violations is to be a careful driver and not get tickets or have accidents. The example below demonstrates how citations and at-fault collisions impact car insurance costs for different age groups. The premiums assume a single male driver, comp and collision included, $1,000 deductibles, and no other discounts are factored in.
In the example above, the average cost of auto insurance in Oklahoma City per year with no violations or accidents is $2,538. Get one speeding ticket and the average cost surges to $2,866, an increase of $328 each year. Now add one accident along with the one speeding ticket and the 12-month cost of car insurance after a speeding ticket jumps again to an average of $3,776. That's an increase of $1,238, or $103 per month, just for not maintaining a clean driving record!
Get discount Oklahoma City insurance rates
Car insurance companies that provide policies after a speeding ticket may additionally offer discounts that could lower prices by as much as 25% or more if you meet the requirements. Large car insurance companies and their offered discounts are detailed below.
- Farmers Insurance may include discounts for mature driver, multi-car, distant student, teen driver, switch companies, and electronic funds transfer.
- Esurance has savings for homeowner, paid-in-full, renters, online quote, and anti-lock brakes.
- State Farm has discounts for multiple policy, anti-theft, defensive driving training, good student, driver's education, and Drive Safe & Save.
- GEICO offers discounts for military active duty, air bags, driver training, seat belt use, and multi-policy.
- Allstate includes discounts for 55 and retired, safe driver, multi-policy, economy car, anti-lock brakes, and anti-theft.
The example below visualizes the comparison of insurance prices with and without discounts applied. Data assumes a male driver, two violations and no accidents, Oklahoma state minimum liability limits, full coverage, and $1,000 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multiple vehicle, continuous coverage, marriage, paperless filing, anti-theft, and vehicle safety discounts applied. In this example, theamount saved on car insurance after a speeding ticket is 28% or $930.
Cost of full coverage in Oklahoma City
Reducing premiums for car insurance should be important to the majority of vehicle owners, and one of the fastest ways to pay lower rates for insurance after a speeding ticket is to not buy full coverage. The example below illustrates the comparison of insurance premiums with and without physical damage coverage, medical payments, and uninsured/under-insured motorist coverage. The premiums are based on no violations or claims, $100 deductibles, drivers are single, and no discounts are applied to the premium.
If we average all the age groups together, physical damage coverage costs $2,564 per year over and above liability only. At some point, almost every driver questions if buying full coverage is worth the money. There isn't a written rule to stop paying for full coverage on your policy, but there is a broad guideline. If the annual cost of coverage is more than 10% of the vehicle's replacement cost less your deductible, then it may be the right time to buy liability only.
How to find economical car insurance after a speeding ticket
The list below shows many money-saving suggestions that can help you find cheaper coverage.
- Do not get traffic tickets
- Increase your comprehensive and collision deductibles
- Buy vehicles with good safety ratings
- Accident-free drivers may qualify for discounts
- Improve your credit score
- Keep rates low by shopping around frequently
The last idea is certainly important, as we discussed in the prior article. Prices charged by car insurance companies adjust often, so don't hesitate to switch companies if a more affordable price is available. Many consumers stick with the same company and that's fine, but we do not recommend it if that faithfulness ends up costing you major coinage every year. It only take a few minutes to compare prices and find cheaper car insurance after a speeding ticket in Oklahoma City.
The Oklahoma City car insurance agencies listed below can help you determine which policy is best, since some drivers wish to have some professional guidance when buying car insurance after a speeding ticket. It can be challenging to find the best coverage on your own, and getting professional guidance from a licensed agent can give comfort knowing you have sufficient protection if you have a claim.
To locate an Oklahoma City insurance agent close to where you live, click the button link following the list or click here to compare price quotes.
- Tom Woodward - State Farm Insurance Agent
4401 W Memorial Rd #115 - Oklahoma City, OK 73134 - (405) 755-5958
- Terry Amacher - State Farm Insurance Agent
4509 NW 63rd St - Oklahoma City, OK 73132 - (405) 721-5500
- Courtesy Insurance Agency
324 W Hefner Rd - Oklahoma City, OK 73114 - (405) 755-4571
- Chuck Davis - State Farm Insurance Agent
9315 S Pennsylvania Ave b - Oklahoma City, OK 73159 - (405) 378-8008