Wouldn’t it be perfect if we knew the single company that has the cheapest rate quotes for a learners permit? It’s just not that easy, however, as there are a whole slew of unknown factors such as if you own a home, your age, and whether you are a man or a woman, that all have an effect on the price. The content below covers the causes of high insurance rates and will hopefully give you a good beginning to your search for cheaper coverage.
The vehicle model driven is one of the largest factors when shopping around for the most affordable car insurance for a learners permit. Vehicles with high performance, a lack of modern safety features, or an increased likelihood of liability claims will cost more to insure than more modest models.
The list below shows coverage costs for a handful of the most affordable automobiles to insure.
|Make and Model||Estimated Cost for Full Coverage|
|Ford Escape XLS 2WD||$4,326|
|Honda CR-V EX 4WD||$4,372|
|Ford Explorer Eddie Bauer 2WD||$4,853|
|Ford F-150 XLT Regular Cab 4WD||$4,858|
|Volkswagen Jetta SE 2.5 Station Wagon||$4,982|
|Ford Edge SEL 2WD||$5,089|
|Chevrolet Impala LS||$5,097|
|Toyota RAV4 2WD||$5,136|
|Chevrolet Equinox LT AWD||$5,141|
|Dodge Grand Caravan Hero||$5,136|
|Toyota Tacoma Double Cab TRD Sport Package 4WD||$5,180|
|Jeep Wrangler Unlimited Sport 4WD 4-Dr||$5,369|
|Ford Focus SEL 4-Dr Sedan||$5,371|
|Honda Civic VP 4-Dr Sedan||$5,380|
|Toyota Camry SE||$5,418|
|Nissan Altima 2.5 S 4-Dr Sedan||$5,423|
|Start a Quote Go|
Above prices assume single male 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. Premium amounts do not factor in specific garaging location which can increase or decrease premium rates noticeably.
By looking at the data, we can presume that cars like the Ford Escape, Honda CR-V, and Toyota Prius should be the cheapest vehicles to insure for new drivers. Auto insurance rates will be more costly just because there is more liability exposure for a learners permit, but generally speaking those models will probably have the lowest prices compared to other vehicles.
For new drivers, one of the more important factors that aid in calculating insurance cost is your address in Oklahoma City. Areas with more people or more claims tend to pay more, whereas areas with less people or fewer weather incidents get the luxury of paying less.
The table below ranks the most expensive places in Oklahoma for a learners permit in which to buy car insurance. Oklahoma City comes in at #8 with the annual price of $2,134 for the average policyholder, which is about $178 monthly.
|Start a Quote Go|
Information shown are comparative as the specific zip code location can raise or lower price quotes substantially.
Establishing which company offers the cheapest insurance rates for a learners permit calls for more time in order to find the best policy. Each insurer uses their own method to set policy rates, so let’s take a look at the insurance companies with the overall cheapest rates in Oklahoma City, OK.
It’s important to understand that Oklahoma City insurance rates are determined by lots of factors that may substantially change the price of coverage. Improving your credit score, increasing liability limits, or getting a DUI can trigger price changes that can make some companies cheaper than competitors.
Find Cheaper Auto Insurance in Oklahoma
|Rank||Company||Cost Per Year|
|2||Oklahoma Farmers Union||$1,166|
|11||OK Farm Bureau||$1,997|
|Compare Rates Now Go|
USAA normally has some of the cheapest car insurance rates in Oklahoma City at around $1,150 per year. This is $817 less than the average rate paid by Oklahoma drivers of $1,967. Oklahoma Farmers Union, The Hartford, Safe Auto, and GEICO also rank well as some of the lowest-priced Oklahoma City, OK car insurance companies.
As shown in the rates above, if you buy coverage from The Hartford and switched to USAA, you could see a yearly savings of roughly $209. Customers with Safe Auto could save as much as $213 a year, and GEICO insureds might lower prices by up to $231 a year.
If you would like to find cheaper car insurance rates, click here to start your free quote or click several companies below for low rates.
Remember that these premium estimates are averages for all ages of drivers and types of vehicles and do not take into consideration a vehicle location for a learners permit. So the car insurance company that can offer the best rates for your situation may not even be in the top 17 companies shown above. That’s why you need to compare as many prices as possible using your own specific driver information and vehicle.
How to get discounts on Oklahoma City auto insurance rates
Auto insurance companies that provide policies for a learners permit may also give you discounts that could potentially reduce rates by as much as 40% or more if you qualify for them. Companies and the discounts they provide are outlined below.
- 21st Century policyholders can earn discounts including driver training, theft prevention, good student, early bird, anti-lock brakes, and 55 and older.
- State Farm has savings for accident-free, multiple policy, safe vehicle, Drive Safe & Save, Steer Clear safe driver discount, multiple autos, and good student.
- AAA discounts include AAA membership discount, good driver, multi-policy, anti-theft, pay-in-full, good student, and education and occupation.
- Liberty Mutual offers discounts for newly married, hybrid vehicle, multi-policy, good student, new graduate, and multi-car.
- Progressive may have discounts that include good student, online quote discount, online signing, multi-vehicle, multi-policy, homeowner, and continuous coverage.
The information below compares annual premium costs with and without discounts applied to the premium. The costs are based on a female driver, no driving violations, no at-fault accidents, Oklahoma state minimum liability limits, full coverage, and $100 deductibles.
The first bar for each age group shows the average annual price with no discounts. The second bar shows the rates with anti-theft, continuous coverage, passive restraint, paperless filing, vehicle safety, and paid-in-full discounts applied. When these discounts are applied, theaverage yearly reduction on insurance for a learners permit is 28% or $844.
Choosing the top insurance provider can be a challenge considering how many companies there are to choose from in Oklahoma. The ranking data shown below may help you pick which car insurance providers to look at when comparing auto insurance rates for a learners permit. The ratings below are only comprised of companies that insure vehicles across America, so companies that focus mainly on Oklahoma business are not factored into these rankings.
Top 10 Major Auto Insurance Companies in Oklahoma City Ranked by Claims Service
- State Farm
- Liberty Mutual
- American Family
- AAA Insurance
- The Hartford
Liability only or full coverage
Saving on insurance is the goal of most people, and one good way to find cheap insurance for a learners permit is to not buy full coverage. The example below shows the difference between insurance costs with full coverage and liability only. The premiums are based on no claims or driving citations, $100 deductibles, marital status is single, and no discounts are applied to the premium.
If we average the cost for ages 20 through 70, full coverage costs an additional $3,436 per year more than buying just liability insurance. Many drivers will wonder if buying full coverage is worth the money. There is no written rule of when to exclude comprehensive and collision coverage on your policy, but there is a guideline you can consider. If the yearly cost for physical damage coverage is more than around 10% of the settlement you would receive from your company, then it could be time to drop full coverage.
There are some circumstances where removing full coverage is not advised. If you haven’t paid off your loan, you are required to maintain full coverage in order to satisfy the requirements of the loan. Also, if you can’t afford to buy a different vehicle if your current one is totaled, you should not drop full coverage.