Finding reliable, cost effective car insurance is challenging, and determining which company has the lowest-priced auto insurance rates for a company car will require more quotes for comparison. Every insurance provider uses their own calculation for establishing rates, so first we will examine the auto insurance companies that tend to be cheaper in Oklahoma City.
It’s important to know that Oklahoma City auto insurance rates are based on many factors that will increase or decrease the policy premium. This price fluctuation is why it is critical to perform a complete rate comparison to get cheap car insurance rates for a company car. Car insurance prices are influenced by many risk factors and change dramatically, so the best company when you last compared rates may now be an over-priced policy.
Best Car Insurance Prices in Oklahoma
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | USAA | $1,185 |
| 2 | Oklahoma Farmers Union | $1,190 |
| 3 | The Hartford | $1,373 |
| 4 | Safe Auto | $1,377 |
| 5 | GEICO | $1,394 |
| 6 | Farmers | $1,422 |
| 7 | State Farm | $1,568 |
| 8 | Liberty Mutual | $1,797 |
| 9 | Travelers | $1,906 |
| 10 | Mercury | $1,973 |
| 11 | OK Farm Bureau | $2,018 |
| 12 | Shelter | $2,108 |
| 13 | Home State | $2,214 |
| 14 | Progressive | $2,223 |
| 15 | MetLife | $2,235 |
| 16 | Allstate | $2,448 |
| 17 | Safeco | $5,005 |
| View More Rates Go | ||
USAA generally has some of the cheapest car insurance rates in Oklahoma City at around $1,185 per year. Oklahoma Farmers Union, The Hartford, Safe Auto, and GEICO are also some of the lowest-priced Oklahoma City, OK insurance companies.
As depicted above, if you currently buy coverage from Safe Auto and switched to Oklahoma Farmers Union, you could realize a yearly price reduction of in the vicinity of $187. Policyholders with GEICO could save as much as $204 a year, and Farmers insureds might lower prices by $232 a year.
These premiums are averaged across all types of drivers and the different vehicles they drive and and are not figured with a specific location for a company car. So the car insurance company that fits your situation best may not even be in the top 17 companies shown above. That underscores the importance of why you need to compare as many prices as possible using your own driver information and specific vehicle type.
The vehicle model driven is one of the primary factors that determines the availability of the cheapest insurance for a company car. Vehicles with lots of horsepower, a lack of safety features, or high incidents of liability claims will cost significantly more to insure than more economical and safe models. The table below ranks auto insurance costs for a number of the most budget-friendly automobiles to buy insurance for.
| Vehicle Make and Model | Estimated Cost for Full Coverage |
|---|---|
| Ford Escape XLT 2WD | $1,215 |
| Ford Explorer Eddie Bauer 4WD | $1,278 |
| Toyota Tacoma Double Cab TRD Sport Package 4WD | $1,286 |
| Honda CR-V EX 4WD | $1,329 |
| Nissan Rogue S AWD | $1,345 |
| Ford F-150 FX2 Super Cab 2WD | $1,359 |
| Chevrolet Impala LS | $1,411 |
| Volkswagen Jetta 2.0T Station Wagon | $1,420 |
| Ford Edge SE 2WD | $1,425 |
| Chevrolet Silverado LTZ Crew Cab 2WD | $1,434 |
| Chevrolet Equinox LS 2WD | $1,436 |
| Jeep Grand Cherokee Laredo 2WD | $1,446 |
| Toyota Prius | $1,443 |
| Dodge Grand Caravan CV | $1,455 |
| Jeep Wrangler Unlimited Sport 4WD 4-Dr | $1,485 |
| Nissan Altima 2.5 S 4-Dr Sedan | $1,511 |
| Toyota Corolla S | $1,518 |
| Toyota RAV4 Sport 4WD | $1,537 |
| Chevrolet Silverado 2500HD LT Crew Cab 4WD | $1,539 |
| GMC Sierra 2500HD SLE Extended Cab 4WD | $1,549 |
| Compare Cheap Rates Go | |
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, safe-driver, multi-vehicle, homeowner, and claim-free. Prices do not factor in your specific Oklahoma City, OK location which can lower or raise premium rates considerably.
By looking at the data, we can presume that vehicles like the Ford Escape, Ford Explorer, Toyota Tacoma, Honda CR-V, and Nissan Rogue are going to be the more affordable vehicles to insure for your employer’s vehicle.
One of the more important criteria that aid in calculating car insurance rates is where your residence is. Regions with larger populations or more claims tend to pay more, whereas areas with less people or fewer weather incidents benefit from lower rates.
The next table shows the highest-priced areas in Oklahoma for a company car to buy car insurance in. Oklahoma City makes the list at #9 with an annual cost of $2,134 for the average policy, which is about $178 each month.
| Rank | City | Average Per Year |
|---|---|---|
| 1 | Tulsa | $2,282 |
| 2 | Del City | $2,243 |
| 3 | Sapulpa | $2,165 |
| 4 | Sand Springs | $2,161 |
| 5 | Moore | $2,153 |
| 6 | Broken Arrow | $2,151 |
| 7 | Bixby | $2,147 |
| 8 | Bethany | $2,135 |
| 9 | Oklahoma City | $2,134 |
| 10 | Edmond | $2,126 |
| 11 | Midwest City | $2,119 |
| 12 | Norman | $2,075 |
| 13 | Owasso | $2,064 |
| 14 | Claremore | $2,008 |
| 15 | Yukon | $1,994 |
| 16 | Shawnee | $1,988 |
| 17 | Ponca City | $1,976 |
| 18 | Stillwater | $1,970 |
| 19 | Ardmore | $1,955 |
| 20 | Lawton | $1,922 |
| 21 | Bartlesville | $1,922 |
| 22 | Muskogee | $1,905 |
| 23 | Enid | $1,904 |
| 24 | Altus | $1,894 |
| 25 | Duncan | $1,885 |
| Find Cheaper Insurance Go | ||
Table data uses comparative as vehicle location can affect rates greatly.
The chart below shows how different deductible levels can impact insurance rates when trying to find cheap insurance for a company car. The information is based on a married female driver, full physical damage coverage, and no discounts are factored in.
As shown above, a 30-year-old driver could lower rates by $480 a year by changing their physical damage coverage from a $100 deductible up to a $500 deductible, or save $724 by using a $1,000 deductible. Even younger insureds, like the age 20 example, could potentially save up to $1,024 annually by choosing a larger deductible amount.
If you do make the decision to raise your deductibles, it’s a good idea to have enough savings to allow you to pay the extra out-of-pocket expense, which is the main drawback of higher deductibles.
Discount Oklahoma City auto insurance rates
Insurers that offer quotes for a company car could also offer rate discounts that can reduce rates by as much as 35% or more if you qualify. The best auto insurance companies and some of their more popular discounts are included below.
- State Farm offers premium reductions for defensive driving training, anti-theft, Drive Safe & Save, passive restraint, student away at school, safe vehicle, and driver’s education.
- American Family discounts include bundled insurance, multi-vehicle, defensive driver, Steer into Savings, and accident-free.
- GEICO offers discounts including emergency military deployment, air bags, multi-vehicle, multi-policy, anti-theft, and seat belt use.
- 21st Century offers discounts for defensive driver, automatic seat belts, student driver, homeowners, 55 and older, and good student.
- Progressive may offer discounts for good student, homeowner, continuous coverage, multi-vehicle, multi-policy, online quote discount, and online signing.
The information below shows the comparison of auto insurance costs with and without discounts. The price estimates are based on a female driver, no accidents, no driving violations, Oklahoma state minimum liability limits, full physical damage coverage, and $100 deductibles. The first bar for each age group shows the average annual price with no discounts. The lower bar shows the rates with multiple vehicle, marriage, passive restraint, vehicle safety, anti-theft, and defensive driving course discounts applied. When these discounts are applied, theamount saved on auto insurance for a company car is 28% or $907.
The agents shown below can most likely help you make a decision which insurance coverage will be best for you, as some drivers wish to have some advice when buying car insurance for a company car. It can be difficult to find the cheapest car insurance policy, and a professional agent can give you satisfaction knowing your coverage gives you enough coverage when you need it. To find an auto insurance agency close to you, click the link after the list.
- Bigbie, Hensley and Janway Insurance Agency
5532 N Western Ave – Oklahoma City, OK 73118 – (405) 235-0036 - Matt Pryor – State Farm Insurance Agent
2229 NW 138th St d – Oklahoma City, OK 73134 – (405) 749-8100 - Premier Insurance
3232 W Britton Rd # 150 – Oklahoma City, OK 73120 – (405) 285-4040
More Oklahoma City, OK insurance agents
How to find low-cost car insurance for a company car
Below you’ll find many thrifty suggestions that can help you buy low-cost coverage.
- Try to remain claim-free
- Bundle home and auto and save
- Do not get into accidents that are your fault
- Buy a vehicle with excellent safety ratings
- You will pay more if you get tickets or have at-fault accidents
- Compare rates often to find the best deal
That last tip is remarkably crucial, as was noted in this piece. Prices charged by car insurance companies vary considerably, so drivers shouldn’t hesitate to buy from a new company if a better rate can be found. Many drivers prefer to stick with one company, but it’s not a great idea if that loyalty ends up costing a wad of cash every year. If you have a few minutes, shop around to find cheaper car insurance for a company car in Oklahoma City.