Who Has the Cheapest Auto Insurance for Uninsured Drivers in Oklahoma City?

Determining which company offers the most affordable car insurance rates for uninsured drivers takes a little more effort in order to find the best price.

Each insurance company uses a slightly different approach for determining rates in each state, so we’ll take a look at the most competitive car insurance companies in Oklahoma City. It’s important that you understand Oklahoma City car insurance rates are calculated based on many things that may substantially change the price you have to pay for coverage. Simply getting older, buying a home instead of renting, or getting a driving violation may generate price changes that can make some companies more affordable than others.

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Oklahoma car insurance ranked by cost per year
Rank Company Cost Per Year
1 Oklahoma Farmers Union $1,154
2 USAA $1,185
3 The Hartford $1,333
4 Farmers $1,380
5 GEICO $1,394
6 Safe Auto $1,419
7 State Farm $1,583
8 Liberty Mutual $1,871
9 Travelers $1,906
10 OK Farm Bureau $1,997
11 Mercury $2,053
12 Shelter $2,129
13 MetLife $2,169
14 Home State $2,193
15 Progressive $2,223
16 Allstate $2,400
17 Safeco $5,005
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Oklahoma Farmers Union quotes some of the lowest car insurance rates in Oklahoma City at around $1,154 each year. USAA, The Hartford, Farmers, and GEICO also are some of the lowest-priced Oklahoma City, OK auto insurance companies.

As the rates illustrate above, if you currently buy coverage from USAA and switched to Oklahoma Farmers Union, you might realize an annual savings of roughly $31. Drivers with The Hartford may save as much as $179 a year, and Farmers customers might lower prices by up to $226 a year.

Understand that those prices are averages across all drivers and vehicles and do not take into consideration a specific location for uninsured drivers. So the car insurance company that fits your situation best may not even be in the list above. That emphasizes why you need to get car insurance quotes using your own specific driver information and vehicle.

The car, truck, or SUV you are insuring is a significant factor in finding the most economical coverage for uninsured drivers. Vehicles with average performance, a great safety record, or a track record of few liability claims will cost significantly less to insure than high performance models.

The table below presents coverage premiums for the most cost-effective vehicles to insure.

Cheapest Vehicles to Insure in Oklahoma City, OK
Vehicle Insured Estimated Cost for Full Coverage
Ford Escape XLT 4WD $1,087
Hyundai Elantra SE Touring Station Wagon $1,154
Honda CR-V EX 4WD $1,191
Honda Accord LX 4-Dr Sedan $1,201
Jeep Grand Cherokee Laredo 4WD $1,259
Toyota Camry LE $1,264
Ford Explorer Limited 4WD $1,282
Honda Odyssey EX-L W/Navigation $1,326
Toyota Prius $1,328
Toyota Tacoma 2WD $1,349
GMC Sierra SLT Crew Cab 2WD $1,354
Toyota Corolla XRS $1,349
Kia Optima LX $1,357
Chevrolet Equinox LTZ 2WD $1,349
Chevrolet Malibu Hybrid $1,377
Ford F-150 STX Super Cab 4WD $1,382
Ford Edge Limited 2WD $1,384
Chevrolet Impala LS $1,390
Dodge Grand Caravan SXT $1,403
Toyota RAV4 Limited 2WD $1,416
Toyota Camry Hybrid $1,440
Volkswagen Jetta SEL 4-Dr Sedan $1,477
Ford Fusion Sport 4-Dr Sedan $1,483
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Data based on 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, homeowner, multi-vehicle, multi-policy, and safe-driver. Information does not factor in vehicle garaging location which can modify premium rates significantly.

By looking at the data, you can presume that makes and models like the Ford Escape, Hyundai Elantra, Honda CR-V, Honda Accord, and Jeep Grand Cherokee are most likely to be some of the most affordable vehicles to insure for drivers with no prior coverage.

Oklahoma City car insurance companies

Buying coverage from a good quality insurance company can be difficult considering how many choices drivers have in Oklahoma. The company ratings listed below may help you pick which coverage providers to look at when comparing auto insurance rates for uninsured drivers.

These ratings are for insurance companies that insure vehicles in the majority of U.S. states, so companies that focus mainly on Oklahoma business are not factored into the list. To compare prices from the insurers below and more, simply click here.

Top 10 Large Auto Insurers in Oklahoma City Ranked by Value

  1. Mercury Insurance
  2. Travelers
  3. American Family
  4. Safeco Insurance
  5. AAA Insurance
  6. The Hartford
  7. Progressive
  8. 21st Century
  9. The General
  10. Esurance

Top 10 Large Auto Insurers in Oklahoma City Ranked by Claims Service

  1. Travelers
  2. Allstate
  3. Nationwide
  4. State Farm
  5. Liberty Mutual
  6. GEICO
  7. American Family
  8. Esurance
  9. AAA Insurance
  10. The Hartford

Rate difference between full and liability-only coverage

Paying a lower price for car insurance should be important to the majority of drivers, and one way to find cheap insurance for uninsured drivers is to not pay for full coverage. The diagram below shows the difference between insurance costs with full physical damage coverage compared to only buying liability only. The price estimates are based on a clean driving record, no claims, $500 deductibles, single marital status, and no discounts are factored in.

If all age groups are averaged, comp and collision coverage costs an extra $2,108 per year over liability only. Many of you may wonder if paying for full coverage is a waste of money. There is no set guideline of when to drop physical damage coverage on your policy, but there is a guideline you can consider. If the yearly cost of comp and collision coverage is more than about 10% of the replacement cost of your vehicle minus the policy deductible, then it might be time to buy liability only.

There are some conditions where removing full coverage is not in your best interest. If you still owe a portion of the original loan, you have to carry full coverage as part of the loan conditions. Also, if your savings is not enough to buy a different vehicle in case of an accident, you should not opt for liability only.

How to find low-cost auto insurance for uninsured drivers

It is possible to find better rates, and here are some of the better thrifty solutions that can help you find more affordable coverage.

The last idea is particularly critical, as was emphasized in the prior information. Car insurance prices can be adjusted at any time, so you should be ready to buy from a different company if you find a better deal. Having a favorite company is great, but it’s not a great idea if that loyalty results in overpaying a small fortune year after year. Now is a great time to compare prices to find cheaper auto insurance for uninsured drivers in Oklahoma City.