The vehicle you are seeking coverage for is probably the largest consideration when quoting cheaper insurance for teachers. Vehicles with limited speed and performance, excellent safety ratings, or a positive history of liability claims will cost less to insure than fast, unsafe models.
The list below presents coverage premiums for a number of the most cost-effective automobiles to buy coverage for.
|Vehicle Insured||Estimated Cost for Full Coverage|
|Honda CR-V LX 4WD||$1,006|
|Honda Odyssey LX||$1,103|
|Jeep Grand Cherokee Laredo 4WD||$1,190|
|Toyota Camry XLE||$1,251|
|Ford Escape XLT 4WD||$1,260|
|Ford Fusion Sport 4-Dr Sedan||$1,274|
|GMC Sierra SLE Regular Cab 4WD||$1,281|
|Ford Explorer XLT AWD||$1,292|
|Dodge Grand Caravan CV||$1,299|
|Ford F-350 XLT Crew Cab Harley Edition 2WD||$1,320|
|Chevrolet Silverado Crew Cab Hybrid 2WD||$1,335|
|Ford Focus SE 4-Dr Sedan||$1,338|
|Chevrolet Impala LS||$1,343|
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Data based on single female driver age 30, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Oklahoma minimum liability limits. Discounts applied include multi-policy, multi-vehicle, claim-free, homeowner, and safe-driver. Estimates do not factor in vehicle location which can lower or raise rates significantly.
By looking at the data, we can expect cars like the Honda CR-V, Honda Odyssey, Jeep Grand Cherokee, and Toyota Camry are going to be the most affordable vehicles to insure for teachers and educators.
For teachers and educators, one of the more important factors that aid in calculating the price you pay for insurance is where you choose to live. More populated areas are more likely to have higher rates, whereas more rural areas have the benefit of cheaper auto insurance prices.
The following table shows the most costly cities in Oklahoma for teachers to buy auto insurance in. Oklahoma City is ranked #4 with a yearly cost of $2,199 on average, which is approximately $183 monthly.
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Premium costs are approximated as zip code location can change price quotes significantly.
Discounts on Oklahoma City auto insurance rates
Car insurance companies that provide coverage for teachers may also give you price discounts that could lower prices by 40% or more if you meet specific criteria. Popular car insurance companies and some of the premium reductions they offer are outlined below.
- State Farm offers discounts including Steer Clear safe driver discount, passive restraint, anti-theft, multiple policy, driver’s education, and safe vehicle.
- American Family discounts include early bird, Steer into Savings, accident-free, defensive driver, bundled insurance, and good student.
- GEICO offers premium reductions for seat belt use, federal employee, air bags, anti-theft, and anti-lock brakes.
- 21st Century has discounts for student driver, homeowners, defensive driver, air bags, automatic seat belts, and 55 and older.
- Progressive may offer discounts for multi-vehicle, good student, online quote discount, multi-policy, homeowner, online signing, and continuous coverage.
The illustration below compares insurance costs with and without discounts applied to the premium. The premiums are based on a female driver, no claims or driving violations, Oklahoma state minimum liability limits, comp and collision included, and $500 deductibles.
The first bar for each age group shows the average rate with no discounts. The second bar shows the rates with anti-theft, accident-free, safe-driver, multiple policy, defensive driving course, and marriage discounts applied. When drivers qualify for the discounts, the average amount saved each year on car insurance for teachers is 28% or $750.
Liability rates compared to full coverage
Saving on car insurance is important to the majority of people, and an easy way to pay lower rates for insurance for teachers is to not insure for full coverage. The information below visualizes the comparison of annual premium costs when comparing full coverage to liability only. The premiums are based on no claims or driving citations, $1,000 deductibles, single status, and no policy discounts are applied.
If we average the cost for all age groups, comprehensive and collision coverage on your policy costs an additional $1,878 per year more than just buying liability only. At some point, every insured wonders when is the right time to remove full coverage. There is no set guideline for excluding comp and collision coverage, but there is a broad guideline. If the annual cost of your full coverage insurance is more than about 10% of any settlement you would receive from your insurance company, the it may be a good time to stop paying for full coverage.
Compare quotes and save
Oklahoma City car insurance rates are influenced by many factors which can substantially decrease or increase the policy price. Simply getting older, getting married, or having a fender bender can trigger price changes that may make certain companies cheaper than others. Not only may your situation change, but companies modify rates as often as every quarter to adjust for unexpected claims or profits. A period of higher than normal claims may cause additional premium costs, while lower claim expenses can produce lower-cost Oklahoma City car insurance rates.
To illustrate this example, the bar chart below demonstrates which company has the cheapest car insurance in Oklahoma City, OK for a 40-year-old female driver with a good driving record, no prior claims, and good credit. Based on her personal risk profile, Oklahoma Farmers Union offers the most affordable car insurance rates in Oklahoma City at $1,353 a year. This is $614 less than the average rate paid by Oklahoma drivers of $1,967. USAA, The Hartford, Safe Auto, and GEICO are also included in the most affordable Oklahoma City, OK auto insurance companies.
Now we will give the driver from the first set of rates a claim surcharge, poor credit, and a blemish on her driving record. Due to the fact that every insurance company has their own guidelines for establishing rates, getting updated rate quotes most likely will result in a completely different list of companies as shown below.
State Farm now has the lowest price on auto insurance in Oklahoma City, OK with USAA, Travelers, Liberty Mutual, and Farmers also being competitive. This example demonstrates why it is critical to compare lots of rates to get affordable auto insurance quotes for teachers.
Prices are made up of many factors and can change without notice, so the cheapest rate six months ago may now be quite expensive.
If you aren’t sure which coverage to buy and prefer to have some professional guidance when buying car insurance for teachers and educators, the agencies below are willing to help you make a decision which coverages are best.
To find an Oklahoma City insurance agency close to where you live, click the button at the bottom.
- Matt Pryor – State Farm Insurance Agent
2229 NW 138th St d – Oklahoma City, OK 73134 – (405) 749-8100
- Freeland Insurance, LLC
6017 Shiloh Dr – Oklahoma City, OK 73179 – (405) 692-6106
- Lynnae Insurance Group
5119 N Western Ave – Oklahoma City, OK 73118 – (405) 217-8851
How to find low-cost auto insurance for teachers
It’s not impossible to find cheaper rates, and here are some money-saving solutions that can help Oklahoma City drivers locate lower-cost car insurance.
- Choose a safer vehicle and pay lower rates
- Full coverage is expensive so only insure older vehicles for liability only
- Do not get into accidents
- Save money by insuring your home and auto with the same company
- Good credit can save money
- Shop around for lower rates once a year
The final tip is especially necessary, as was emphasized in the prior article. Insurance prices fluctuate constantly, so drivers shouldn’t be resistant to switch to a new company if a more affordable rate is found.
Many drivers tend to have loyalty to a certain company, but it’s not a great idea if that stubbornness costs you a considerable chunk of change every month. In less than five minutes you could compare prices and find cheaper auto insurance for teachers in Oklahoma City.