Shockingly, the vast majority of consumers kept their policy with the same company for a minimum of four years, and practically 40% of insurance customers have never even compared quotes to find cheap rates. With the average insurance premium being $1,847, American drivers could cut their rates by almost 46.5% a year just by shopping around, but most undervalue how much money they would save if they swap their current policy for a cheaper one.
If saving money is your primary concern, then the best way to save money on Tesla Model 3 insurance in Oklahoma City is to compare prices regularly from insurers who provide auto insurance in Oklahoma. Price quotes can be compared by completing these steps.
First, take a little time to learn about how auto insurance works and the factors you can control to lower rates. Many policy risk factors that cause high rates such as speeding and a low credit score can be eliminated by making lifestyle changes or driving safer. Later in this article we will cover instructions to find cheap rates and earn larger discounts.
Second, quote rates from direct carriers, independent agents, and exclusive agents. Exclusive agents and direct companies can only give prices from a single company like Progressive and State Farm, while independent agencies can provide price quotes from multiple insurance companies.
Third, compare the new rates to your existing policy to determine if you can save on Model 3 insurance in Oklahoma City. If you find better rates and decide to switch, make sure coverage is continuous and does not lapse.
The key aspect of shopping around is to try to use the same level of coverage on each quote and and to get rates from every company you can. This ensures an accurate price comparison and and a good selection of different prices.
Comparing rates for the best coverage in Oklahoma City is quite easy. Essentially every person who quotes car insurance will most likely find lower prices. But Oklahoma drivers should learn how companies price online insurance because rates fluctuate considerably.
When comparison shopping, there are several ways of comparing rates from different companies. The quickest method to compare rates involves getting comparison quotes online.
Keep in mind that obtaining a wide range of quotes helps locate more affordable rates. Some insurance companies are not set up to provide online Oklahoma City Model 3 insurance quotes, so you should also compare rates on coverage from those companies, too.
The providers in the list below offer free rate quotes in Oklahoma City, OK. If several companies are displayed, it’s highly recommended you visit two to three different companies in order to get a fair rate comparison.
Lower rates by qualifying for discounts
Companies don’t list every discount they offer in an easy-to-find place, so the below list has some of the more common as well as the least known savings tricks you should be using when you buy Oklahoma City car insurance online.
- Multiple Policy Discount – If you can bundle your auto and homeowners insurance and insure them both with the same insurance company they may give you a discount of up to 20% off your total Model 3 insurance premium.
- Payment Method – By paying your policy upfront instead of monthly or quarterly installments you could save 5% or more.
- Accident Free – Oklahoma City drivers who stay claim-free pay much less in comparison to bad drivers.
- E-sign – Certain insurance companies will give a small break for completing your application on their website.
- Life Insurance – Not every insurance company offers life insurance, but if they do you may earn better premium rates if you take out auto and life insurance together.
- Good Student – Excelling in school could provide a savings of up to 20% or more. You can use this discount normally up to age 25.
Consumers should know that most discounts do not apply to the entire policy premium. Some only apply to the price of certain insurance coverages like collision or personal injury protection. So even though they make it sound like adding up those discounts means a free policy, it just doesn’t work that way.
A partial list of companies that may offer most of these discounts include:
If you need cheaper Oklahoma City car insurance quotes, ask all companies you are considering how you can save money. Some of the discounts discussed earlier might not apply in every state. For a list of auto insurance companies that offer the discounts shown above in Oklahoma City, click here.
How to Lower Your Insurance Costs
An important part of buying insurance is that you know a few of the rating criteria that play a part in calculating car insurance rates. When you understand what impacts premium levels, this empowers consumers to make smart changes that can help you get lower premium levels.
The itemized list below are some of the major factors that factor into your premiums.
Annual mileage and car insurance rates – Driving more miles each year the more you will pay for car insurance. The majority of insurers calculate rates based on their usage. Cars used primarily for pleasure use cost less to insure than vehicles that have high annual mileage. It’s a good idea to make sure your declarations sheet is showing annual mileage. An improperly rated Model 3 may be costing you higher rates.
Don’t cut corners with liability coverage – The liability coverage on your policy kicks in if a court rules you are at fault for damages from an accident. Liability insurance provides for a legal defense which can cost a lot. This coverage is very inexpensive compared to comp and collision, so buy as much as you can afford.
Credit rating impacts rates – A driver’s credit score can be a huge factor in your rate calculation. If your credit score is not that good, you could potentially save money when insuring your Tesla Model 3 if you clean up your credit. Drivers with excellent credit tend to file fewer claims than those with worse credit.
Lower rates by increasing comp and collision deductibles – Physical damage coverage, also called comprehensive and collision insurance, covers damage that occurs to your Tesla. Some examples of claims that would be covered are colliding with a building, damage caused by hail, and having your car stolen. Comprehensive and collision coverage deductibles define how much you are willing to pay if you file a covered claim. The higher the amount you pay before a claim is paid (deductible), the lower your rates will be.
Youthful drivers pay more – Older people are proven to be safer behind the wheel, cause fewer claims and accidents, and are safer drivers. Drivers with little experience are known to be inattentive when driving with friends so car insurance rates are higher.
Policy lapses raise premiums – Having a gap between insurance policy dates can be a guaranteed way to bump up your car insurance costs. And not only will insurance be more expensive, not being able to provide proof of insurance could earn you a hefty fine and possibly a revoked license. You may then have to provide proof of insurance in the form of an SR-22 filing with the Oklahoma motor vehicle department.
Your vocation is a factor – Did you know your occupation can influence how much you pay for car insurance? Occupational choices like fire fighters, police officers, and emergency personnel generally have higher premiums than the average policyholder attributed to stressful work requirements and lengthy work days. Other jobs like scientists, engineers and the unemployed get better rates.
Buying from auto insurance agents
Some consumers still prefer to sit down and talk to an agent and doing so can bring peace of mind A nice benefit of comparing insurance prices online is that drivers can save money and get lower premium rates and still have a local agent. And buying from small agencies is definitely important in Oklahoma City.
After filling out this simple form, the coverage information is transmitted to local insurance agents that can provide free Oklahoma City car insurance quotes and help you find cheaper coverage. You won’t need to contact any insurance agencies because prices are sent directly to your email. It’s the lowest rates AND a local agent. If you have a need to compare rates from a specific insurance company, you just need to navigate to their website and submit a quote form there.
How to choose the best car insurance agent in Oklahoma City
If you want to use a reputable agency, it’s helpful to know the types of agencies and how they can quote your rates. Insurance agents in Oklahoma City are categorized either independent or exclusive depending on the company they work for.
Independent Insurance Agencies
These type of agents do not have single company limitations and that allows them to write policies with many different companies and potentially find a lower price. If you want to switch companies, they simply move your policy to a different company and you won’t have to switch agencies.
When comparing rates, you will want to include a few independent agents for the best price selection. Most independent agents also contract with companies that do not advertise much that many times have cheaper rates.
Featured below are Oklahoma City independent agents that may be able to give you cheap rate quotes.
- Econo-Wise Insurance Agency, Inc.
2705 SW 29th St – Oklahoma City, OK 73119 – (405) 682-6699 – View Map
- Anderson Insurance
10325 Greenbriar Pl – Oklahoma City, OK 73159 – (405) 794-9500 – View Map
- Centennial Insurance Group, Inc.
2814 W Britton Rd – Oklahoma City, OK 73120 – (405) 286-4179 – View Map
Exclusive agencies can only place business with one company and examples are Allstate, State Farm and Farmers Insurance. These agents are unable to shop your coverage around so you need to shop around if the rates are high. Exclusive insurance agents are usually quite knowledgeable on their company’s products and that can be a competitive advantage. Consumers sometimes choose to use an exclusive agent mostly because of loyalty to the company rather than having low rates.
Shown below is a short list of exclusive agents in Oklahoma City that are able to give rate quotes.
- Ken Whitt – State Farm Insurance Agent
4430 N W 50th M – Oklahoma City, OK 73112 – (405) 947-2812 – View Map
- Marcia Corcoran – State Farm Insurance Agent
3135 NW 63rd St b – Oklahoma City, OK 73116 – (405) 848-8878 – View Map
- Claire Faulkner-Truong – State Farm Insurance Agent
840 NW 50th St – Oklahoma City, OK 73118 – (405) 787-2626 – View Map
Selecting an auto insurance agent should depend on more than just the premium amount. Below are some questions you should ask.
- Does the agency have a good rating with the Better Business Bureau?
- Is the agency active in community causes in Oklahoma City?
- Is coverage determined by price?
- Does the agent have a valid license to sell insurance in Oklahoma?
- What insurance companies do they recommend if they are an independent agent?
- Is vehicle damage repaired with OEM or aftermarket parts?
Your insurance coverage should be tailored to you
Always remember that when buying your policy, there is no “perfect” insurance plan. Everyone’s situation is a little different so your insurance needs to address that.
For instance, these questions may help highlight whether your personal situation will benefit from professional help.
- Should I buy additional glass protection?
- How can I get my company to pay me more for my totaled car?
- Is a blown tire covered by insurance?
- Should I rate my vehicle as business use?
- Is coverage enough to protect my assets?
- How can I get the company to pay a claim?
- What is high-risk coverage and where do I buy it?
- Am I missing any policy discounts?
- Am I covered if I drive in a foreign country?
- Should I carry comprehensive and collision coverage?
If you’re not sure about those questions but you think they might apply to your situation, then you may want to think about talking to a licensed agent. To find lower rates from a local agent, fill out this quick form or you can also visit this page to select a carrier
Don’t give up on cheaper rates
As you shop your coverage around, it’s very important that you do not reduce coverage to reduce premium. In many cases, an accident victim reduced collision coverage and found out when filing a claim they didn’t have enough coverage. Your objective should be to buy a smart amount of coverage at the best possible price, but do not skimp to save money.
Cheap Tesla Model 3 insurance in Oklahoma City can be bought online and from local agencies, and you should compare price quotes from both so you have a total pricing picture. Some insurance companies do not provide online rate quotes and usually these regional carriers sell through independent agents.
- Credit and Insurance Scores (Insurance Information Institute)
- Who Has Cheap Car Insurance Quotes for Low Income Drivers in Oklahoma City? (FAQ)
- How Much are Oklahoma City Car Insurance Quotes for Inexperienced Drivers? (FAQ)
- Who Has Cheap Oklahoma City Car Insurance Quotes for Lyft Drivers? (FAQ)
- What Insurance is Cheapest for Good Drivers in Oklahoma City? (FAQ)
- Who Has Cheap Auto Insurance Quotes for Unemployed Drivers in Oklahoma City? (FAQ)
- Coverage Information (Progressive Insurance)
- Distracted Driving Extends Beyond Texting (State Farm)