Wouldn’t life be so easy if you could know instantly the one perfect auto insurance company that has the lowest rates for postal workers? It’s not that simple, unfortunately, as there are many unknown aspects like if you are married, what level of deductibles you wish to have, and if you own your own home, that all impact the price you pay. Car insurance is kind of a dry topic, but this article will explain the best ways to shop for cheaper coverage and will hopefully give you a jump start in finding the best auto insurance in Oklahoma City.
For postal employees, one of the largest criteria that aid in calculating insurance cost is where you live in Oklahoma City. Cities with larger populations or higher claim trends tend to pay more, whereas areas that tend to be more rural have the luxury of cheap car insurance rates.
The illustration below shows the priciest cities in Oklahoma for postal workers in which to purchase auto insurance. Oklahoma City comes in at #9 with an annual cost of $2,113 for the average policyholder, which is about $176 per month.
|Find the Best Rates Go|
Rate information is estimated as specific location information can modify rates considerably.
The car, truck, or SUV on the policy is one of the main factors in finding affordable car insurance for postal workers. Vehicles with higher performance, a lack of modern safety features, or a track record of large liability claims will cost much more to insure than more modest models. The next table outlines car insurance prices for the cheapest automobiles to insure.
|Make and Model||Estimated Cost for Full Coverage|
|Honda CR-V EX-L 2WD||$1,154|
|Honda Accord EX-L 4-Dr Sedan||$1,225|
|Ford Escape XLS 4WD||$1,237|
|Jeep Wrangler Sport Islander Package 4WD 2-Dr||$1,240|
|Chevrolet Equinox LT AWD||$1,336|
|Ford F-150 STX Super Cab 2WD||$1,403|
|Ford Edge Sport AWD||$1,407|
|Toyota Camry SE||$1,417|
|Chevrolet Impala LS||$1,431|
|Volkswagen Jetta SE 4-Dr Sedan||$1,434|
|Honda Civic Hybrid 4-Dr Sedan||$1,444|
|Jeep Grand Cherokee Limited 4WD||$1,434|
|Get a Custom Quote Go|
Above prices assume single male driver age 40, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Oklahoma minimum liability limits. Discounts applied include claim-free, safe-driver, multi-policy, homeowner, and multi-vehicle. Rate quotes do not factor in vehicle location which can modify insurance rates significantly.
Based upon these rates, we can expect models like the Honda CR-V, Honda Accord, Ford Escape, and Jeep Wrangler are most likely going to be the most budget-friendly vehicles to insure for postal employees.
Irresponsible driving raises your rates
The easiest way to score cheap auto insurance premiums in Oklahoma for postal employees is to be a good driver and avoid accidents and traffic citations. The illustration below demonstrates how citations and at-fault collisions increase insurance costs for different age groups. The premiums assume a married male driver, comprehensive and collision coverage, $100 deductibles, and no discounts are applied to the premium.
In the prior example, the average cost of an auto insurance policy in Oklahoma per year with no accidents or violations is $2,190. Add in two speeding tickets and the average cost swells to $3,031, an increase of $842 each year. Now add two accidents along with the two speeding tickets and the annual cost of auto insurance for postal workers jumps again to an average of $6,013. That’s an increase of $3,823, or $319 per month, just for not being attentive to the road!
Full coverage versus liability-only in Oklahoma City
Buying cheaper auto insurance is important to most vehicle owners, and an easy way to pay less for insurance for postal workers is to only buy liability coverage. The diagram below illustrates the difference between car insurance rates when comparing full coverage to liability only. The price estimates are based on no accidents, no driving violations, $100 deductibles, marital status is single, and no discounts are taken into consideration.
Averaged for all ages 20 through 70, physical damage coverage costs an additional $2,564 per year over and above liability only. Many drivers may wonder if you should buy full coverage at all. There isn’t a written rule of when to exclude full coverage, but there is a general guideline you can use. If the yearly cost of full coverage is more than 10% of the replacement cost minus the deductible, then you may want to consider only buying liability coverage.
Don’t make the mistake of not shopping around
Oklahoma City, OK auto insurance rates are impacted by many factors that control the price you have to pay. Simply improving your credit, filing a claim, or getting a driving violation can trigger price changes that can cause some rates to be cheaper than others.
And not only may your rating factors change, but insurance companies file new rates without warning in order to be able to pay unexpected claims. Heavier than normal losses can result in rate hikes, while less frequent claims may produce more affordable Oklahoma City car insurance rates.
To help illustrate this point, the graph below shows the cheapest car insurance in Oklahoma City, OK for a 35-year-old male driver with no violations or accidents, and a good credit rating. If we estimate rates based on his current rating profile, Oklahoma Farmers Union has the cheapest car insurance rates in Oklahoma City at $1,382 per year. This is $585 less than the average price paid by Oklahoma drivers of $1,967. USAA, The Hartford, GEICO, and Safe Auto are the rest of the cheapest Oklahoma City, OK auto insurance companies.
Now we will give the driver from above an accident claim, a lower credit rating, and a blemish on his driving record. Because every insurance company has a proprietary formula to set premium rates, comparing insurance quotes could result in a substantially altered list of the cheapest companies as shown below.
State Farm now has the lowest car insurance rate in Oklahoma City with USAA, Liberty Mutual, The Hartford, and Travelers also being competitive. This illustrates why Oklahoma drivers need to do a thorough rate comparison to find the most affordable insurance rates for postal workers. Prices are made up of many different factors and change frequently, so the cheapest rate when you last compared rates may now be one of the higher cost companies.