The type of vehicle requiring insurance is probably the largest consideration that determines if you can find the lowest-priced auto insurance for 19 year olds. Vehicles with lots of horsepower, poor safety ratings, or a history of substantial liability claims will cost significantly more to insure than more economical and safe models.
The data below presents insurance premiums for a number of the cheapest vehicles to insure in Oklahoma.
|Insured Vehicle||Estimated Cost for Full Coverage|
|Honda Accord EX 4-Dr Sedan||$3,430|
|Honda CR-V LX 2WD||$3,439|
|Ford Escape Limited 2WD||$3,474|
|Hyundai Elantra SE Touring Station Wagon||$3,711|
|Jeep Wrangler Sport Islander Package 4WD 2-Dr||$3,787|
|Ford Explorer XLT 4WD||$3,831|
|Ford F-150 STX Super Cab 4WD||$3,874|
|Ford Edge SEL 2WD||$4,024|
|Honda Odyssey EX W/Rear Entertainment||$4,029|
|Ford Focus SE 4-Dr Sedan||$4,024|
|Chevrolet Impala LT||$4,067|
|Jeep Grand Cherokee Laredo 4WD||$4,076|
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Data based on single male driver age 19, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Oklahoma minimum liability limits. Discounts applied include claim-free, and safe-driver. Table data does not factor in your specific Oklahoma City, OK location which can affect rates significantly.
Based on these rates, we can assume that cars like the Honda Accord, Honda CR-V, Ford Escape, and Hyundai Elantra will be a few of the cheaper vehicles to insure for teenage drivers. The cost of a car insurance policy will be higher anyway because of the fact that there is more risk for 19 year olds, but overall those vehicles will tend to have the cheapest rates compared to all other vehicles.
One of the more important considerations that are used to help calculate the amount you pay for auto insurance is where you normally keep your vehicle. Areas with high crime rates or more dense population tend to pay more, whereas areas that tend to be more rural can boast about having cheaper rates.
The information below lists the most expensive places in Oklahoma for 19 year olds to buy car insurance in. Oklahoma City is ranked at #7 having an annual price of $2,134 on average, which is about $178 monthly.
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Rate quotes are estimated as vehicle location can modify coverage rates significantly.
The example below illustrates how choosing a deductible can impact premium costs when trying to find cheap insurance for 19 year olds. The information is based on a married male driver, full physical damage coverage, and no discounts are taken into consideration.
The chart above illustrates that a 30-year-old driver could lower rates by $412 a year by increasing from a $100 deductible up to a $500 deductible, or save $626 by using a $1,000 deductible. Even younger insureds, such as the Age 20 example, could potentially save as much as $1,248 annually just by choosing higher deductibles. When choosing a higher deductible, it is important to have enough savings to pay the extra out-of-pocket expense, which is the primary disadvantage of high deductibles.
Choosing a high-quality car insurance provider can be a challenge considering how many choices there are in Oklahoma. The company rank data displayed below can help you pick which companies you want to consider when insurance shopping for 19 year olds.
The rankings below only include the largest auto insurers in America, so smaller companies that only insure vehicles in Oklahoma are not factored into this list. If you wish to compare rates from these and other competitive companies, follow this link.
Top 10 Large Auto Insurance Companies in Oklahoma City Ranked by Claims Service
- State Farm
- Liberty Mutual
- American Family
- AAA Insurance
- The Hartford
Top 10 Large Auto Insurance Companies in Oklahoma City Ranked by Customer Service
- Mercury Insurance
- Safeco Insurance
- AAA Insurance
- State Farm
- The Hartford
- The General
The importance of comparing Oklahoma City car insurance rates
Oklahoma City auto insurance rates are impacted by many things which can substantially change the cost of a policy. Improving your credit rating, increasing liability limits, or getting a reckless driving citation can cause premium changes that can cause some rates to be cheaper than before.
Not only may your risk profile change, but companies modify rates at least once a year in order to protect their financial rating. Heavy losses can cause more expensive prices, while a lower level of claims can cause lower-cost Oklahoma City car insurance rates.
To illustrate this point, the chart below analyzes the cheapest car insurance in Oklahoma City, OK for a 45-year-old male driver with no accidents or violations, and excellent credit. If we estimate rates based on his personal risk profile, Oklahoma Farmers Union may have the best car insurance rates in Oklahoma City at $1,327 each year. This is $640 less than the average premium paid by Oklahoma drivers of $1,967. USAA, The Hartford, GEICO, and Farmers are also included in the cheapest Oklahoma City, OK auto insurance companies.
Now let’s give the driver in the first example an at-fault accident, poor credit, and a speeding ticket. Since every insurance provider has their own process to set policy rates, analyzing rates most likely will result in a different list of cheap Oklahoma City auto insurance companies as shown below.
State Farm now has the best car insurance rate in Oklahoma City, OK with USAA, Liberty Mutual, Travelers, and The Hartford also having competitive pricing. This demonstrates why consumers need to take the time to perform a complete rate comparison when trying to find the most budget-friendly auto insurance rates for 19 year olds. Auto insurance prices can be determined by many things and change frequently, so the lowest-price company when you last compared rates may now be one of the more expensive options.