One of the more important criteria that aid in calculating car insurance rates is where you call home in Oklahoma City. Cities with larger populations tend to have higher auto insurance costs, whereas areas with lower vehicle theft rates and fewer weather claims have the luxury of cheap car insurance rates.
The information below ranks the most expensive cities in Oklahoma for Lyft drivers to buy an auto insurance policy in. Oklahoma City comes in at #5 with the yearly price of $2,199 for coverage, which is about $183 each month.
| Rank | City | Average Per Year |
|---|---|---|
| 1 | Tulsa | $2,259 |
| 2 | Bethany | $2,223 |
| 3 | Del City | $2,221 |
| 4 | Sand Springs | $2,205 |
| 5 | Oklahoma City | $2,199 |
| 6 | Broken Arrow | $2,195 |
| 7 | Midwest City | $2,184 |
| 8 | Bixby | $2,147 |
| 9 | Sapulpa | $2,144 |
| 10 | Moore | $2,132 |
| 11 | Owasso | $2,127 |
| 12 | Norman | $2,075 |
| 13 | Edmond | $2,042 |
| 14 | Yukon | $2,015 |
| 15 | Claremore | $2,008 |
| 16 | Stillwater | $1,989 |
| 17 | Shawnee | $1,968 |
| 18 | Bartlesville | $1,941 |
| 19 | Duncan | $1,923 |
| 20 | Ponca City | $1,918 |
| Find Cheaper Rates Go | ||
Price information shown is estimated as the specific zip code location can decrease or increase insurance rates significantly.
Establishing which companies have the lowest-priced auto insurance rates for Lyft drivers takes a tad more effort in order to find the most economical policy. Each company uses their own formula to set their prices, so let’s take a look at the auto insurance companies with the most affordable rates in Oklahoma.
Best Auto Insurance Prices for Your Lyft Vehicle
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | USAA | $1,185 |
| 2 | Oklahoma Farmers Union | $1,202 |
| 3 | The Hartford | $1,333 |
| 4 | GEICO | $1,340 |
| 5 | Farmers | $1,380 |
| 6 | Safe Auto | $1,405 |
| 7 | State Farm | $1,583 |
| 8 | Liberty Mutual | $1,871 |
| 9 | Travelers | $1,906 |
| 10 | Mercury | $1,993 |
| 11 | OK Farm Bureau | $2,058 |
| 12 | Shelter | $2,108 |
| 13 | Progressive | $2,179 |
| 14 | Home State | $2,214 |
| 15 | MetLife | $2,235 |
| 16 | Allstate | $2,400 |
| 17 | Safeco | $5,056 |
| Find Your Rate Go | ||
USAA normally has some of the lowest car insurance rates in Oklahoma City at around $1,185 per year. This is $782 less than the average rate paid by Oklahoma drivers of $1,967. Oklahoma Farmers Union, The Hartford, GEICO, and Farmers also qualify as some of the cheapest Oklahoma City, OK insurance companies.
As illustrated above, if you buy coverage from GEICO and switched to Oklahoma Farmers Union, you might see a yearly savings of approximately $138. Policyholders with Farmers may save as much as $178 a year, and Safe Auto policyholders might lower prices by up to $203 a year.
Remember that these premium estimates are averaged for all insureds and vehicles and do not take into consideration a specific vehicle garaging location for Lyft drivers. So the insurer that is most affordable for your situation may not even be in the list above. That helps illustrate why you need to get car insurance quotes using your own individual information.
Full coverage versus liability-only
Finding the cheapest auto insurance is the goal of most drivers, and one of the quickest ways to find cheap insurance for Lyft drivers is to not buy full coverage. The chart below shows the comparison of insurance costs with full physical damage coverage compared to only buying liability only. The price estimates are based on no accidents or driving violations, $500 deductibles, single status, and no discounts are taken into consideration.
If averaged for all ages, comp and collision coverage costs $2,815 per year more than just insuring for liability. A very common question is if buying full coverage is worth the expense. There is no exact formula to exclude comprehensive and collision coverage on your policy, but there is a guideline you can use. If the annual cost of having full coverage is about 10% or more of replacement cost minus your deductible, then you may want to consider only buying liability coverage.
For example, let’s say your vehicle’s replacement cost is $8,500 and you have $1,000 policy deductibles. If your vehicle is damaged in an accident, the most your company would pay you is $7,500 after the policy deductible has been paid. If you are currently paying more than $750 a year for comprehensive and collision coverage, then you may need to consider dropping full coverage.
Picking the best company is hard considering how many companies provide coverage in Oklahoma. The company ratings in the next section may help you select which car insurance companies you want to consider when shopping car insurance rates for Lyft drivers.
These rankings are for the largest companies in America, so companies that have a smaller presence will not be included in this list. To check rates and find the cheapest rates for Lyft drivers, follow this link.
| Company | Value | Customer Service | Claims | Customer Satisfaction | A.M Best Rating | Overall Score |
|---|---|---|---|---|---|---|
| Travelers | 93 | 98 | 99 | 88% | A++ | 95.1 |
| USAA | 83 | 99 | 100 | 91% | A++ | 94.1 |
| Mercury Insurance | 97 | 96 | 88 | 89% | A+ | 93.4 |
| AAA Insurance | 91 | 95 | 92 | 90% | A | 93.3 |
| Nationwide | 85 | 95 | 97 | 89% | A+ | 92.4 |
| Allstate | 77 | 100 | 97 | 88% | A+ | 90.7 |
| State Farm | 80 | 94 | 96 | 88% | A++ | 90.6 |
| The Hartford | 88 | 93 | 91 | 87% | A+ | 90.4 |
| Safeco Insurance | 91 | 95 | 85 | 88% | A | 90.2 |
| Progressive | 88 | 94 | 83 | 88% | A+ | 90.1 |
| Compare Rates Now Go | ||||||
Data Source: Insure.com Best Car Insurance Companies
Tips for finding cheaper insurance for Lyft drivers
It’s not impossible to find cheaper rates, and here are a few penny-pinching solutions that can help Oklahoma City drivers quote more affordable car insurance.
- Drivers with good credit often pay less
- Do not get tickets or violations
- Safe vehicles cost less to insure
- Raise deductibles
- Do not insure for full coverage
- Avoid accidents and claims
- Shop around for cheaper prices often
The last tip is remarkably valuable, as we discussed in this piece. Rates change constantly, so drivers shouldn’t hesitate to switch to a new company if you find a cheaper price.
Sticking with a specific company is fine, but is isn’t recommended if that inflexibility results in costing you a small fortune year after year. It takes less than five minutes to compare prices and find cheaper car insurance for Lyft drivers in Oklahoma City.
If you like to have some professional guidance when shopping for the best coverage for Lyft vehicles, the insurance agencies below can most likely help you determine which policy is best. To locate an Oklahoma City insurance agent nearest to you, click the link at the bottom or click here to get price quotes now.
Freeland Insurance, LLC
6017 Shiloh Dr – Oklahoma City, OK 73179 – (405) 692-6106
Ledbetter Insurance and Risk
1000 NW Grand Blvd #110 – Oklahoma City, OK 73118 – (405) 840-9090
Multi Quote Insurance
2101 SW 71st St – Oklahoma City, OK 73159 – (405) 604-5999
Tom Woodward – State Farm Insurance Agent
4401 W Memorial Rd #115 – Oklahoma City, OK 73134 – (405) 755-5958
Kevin Murphy – State Farm Insurance Agent
1707 S Morgan Rd – Oklahoma City, OK 73128 – (405) 265-2500