For low mileage drivers, one of the largest things that determine the amount you pay each year for auto insurance is where you live. Areas with a lot of weather claims or more people tend to have more expensive car insurance rates, whereas areas with less congestion get the luxury of paying less.
The table below shows the most expensive places in Oklahoma for infrequent drivers to buy auto insurance in. Oklahoma City comes in at #2 with an annual rate of $2,178 on average, which is approximately $182 per month.
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Premium costs are comparative as specific Oklahoma City zip code can decrease or increase rates considerably.
Figuring out which company has the lowest-priced insurance rates for infrequent drivers calls for a little more sweat in order to find the lowest price.
Every auto insurer uses a different method to determine rates, so let’s look at the rankings for the insurance companies with the overall cheapest rates in Oklahoma. Keep in mind that Oklahoma City insurance rates are determined by lots of factors which can substantially decrease or increase the price of coverage. Turning one year older, buying another vehicle, or getting a few speeding tickets can trigger rate changes that may make certain companies cheaper than others.
Find the Best Cheap Insurance in Oklahoma
|Rank||Company||Cost Per Year|
|2||Oklahoma Farmers Union||$1,202|
|11||OK Farm Bureau||$2,079|
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USAA may have some of the lowest car insurance rates in Oklahoma City at around $1,185 a year. This is $782 less than the average policy premium paid by Oklahoma drivers of $1,967. Oklahoma Farmers Union, GEICO, The Hartford, and Farmers would also make the list of some of the lowest-priced Oklahoma City, OK insurance companies.
As shown in the table above, if you have coverage with The Hartford and switched to USAA, you may see annual savings of around $188. Policyholders with Farmers could save as much as $209 a year, and Safe Auto policyholders might lower prices by $220 a year.
To see how much you can save, click here to start your free quote or visit several of the following companies.
These premiums are averaged across all types of drivers and the different vehicles they drive and do not take into consideration an exact location for infrequent drivers. So the car insurance company that can offer the best rates for your situation may not even be in the top 17 companies shown above. That affirms the importance of why you need to quote rates from many companies using your own personal information and vehicle type.
The car, truck, or SUV driven is a significant factor when looking for the lowest-priced insurance for infrequent drivers. Vehicles with economical engines, good safety features, or low incidents of liability claims will cost quite a bit less to insure than fast, unsafe models.
The list below showcases coverage prices for a number of the cheaper vehicles to buy coverage for.
|Vehicle||Estimated Cost for Full Coverage|
|Honda Accord EX 4-Dr Sedan||$1,236|
|Honda CR-V LX 4WD||$1,245|
|Ford Escape XLT 4WD||$1,269|
|Volkswagen Jetta SE 2.5 Station Wagon||$1,283|
|Hyundai Elantra SE Touring Station Wagon||$1,306|
|Dodge Grand Caravan SXT||$1,321|
|Chevrolet Malibu LT||$1,330|
|Ford F-150 XL Crew Cab 2WD||$1,339|
|Kia Optima LX||$1,389|
|Nissan Rogue SL 2WD||$1,399|
|Toyota Tacoma 4WD||$1,391|
|Chevrolet Silverado 2500HD LTZ Crew Cab 4WD||$1,398|
|GMC Sierra SLE Crew Cab 2WD||$1,391|
|Chevrolet Silverado LT Extended Cab 4WD||$1,417|
|Chevrolet Impala LT||$1,424|
|Toyota RAV4 2WD||$1,417|
|Ford Explorer Limited 4WD||$1,446|
|Chevrolet Equinox LS AWD||$1,457|
|Nissan Altima 2.5 4-Dr Sedan||$1,465|
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Premium data assumes single male driver age 40, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Oklahoma minimum liability limits. Discounts applied include multi-policy, multi-vehicle, claim-free, safe-driver, and homeowner. Price estimates do not factor in your specific Oklahoma City, OK location which can decrease or increase rates substantially.
Looking at the numbers, makes and models like the Toyota Prius, Honda Accord, Honda CR-V, and Ford Escape are most likely to be a few of the more affordable vehicles to insure for low mileage drivers.
Poor driving habits will raise your insurance rates
The easiest method to get low insurance prices for low mileage drivers is to drive carefully and avoid traffic citations and accidents. The example below demonstrates how citations and at-fault collisions impact car insurance costs for different age groups. The premiums assume a single male driver, comp and collision included, $1,000 deductibles, and no other discounts are factored in.
The data charted above shows the average cost of auto insurance in Oklahoma per year with no violations or accidents is $2,538. Get one speeding ticket and the average cost surges to $2,866, an increase of $328 each year. Then throw in one accident along with the one speeding ticket and the 12-month cost of insurance for infrequent drivers increases to an average of $3,776. That’s an increase of $1,238, or $103 per month, just for not keeping your driving record clean!
The diagram below highlights how deductible choice can change insurance premiums when getting quotes for cheap insurance for infrequent drivers. The data assumes a single male driver, full physical damage coverage, and no discounts are applied.
The data above shows that a 40-year-old driver could reduce rates by $370 a year by changing their physical damage coverage from a $100 deductible up to a $500 deductible, or save $558 by choosing a $1,000 deductible. Youthful drivers, like the 20-year-old example, can cut up to $1,208 or more by choosing a higher deductible. If you do raise deductibles, it is a good idea to have additional savings on hand to be able to pay the extra out-of-pocket expense. That is the one disadvantage of using higher deductibles.
Here’s why you should shop around
Oklahoma City insurance rates are impacted by many factors that control the price of coverage. Simply having a birthday, moving to a new city, or having a fender bender may cause policy rate changes that can cause some rates to be cheaper than competitors.
Not only may your risk profile change, but insurers amend pricing at least once a year to reflect underwriting profits or losses. Heavy losses may cause higher priced premiums, while a better loss history can result in more affordable Oklahoma City car insurance rates.
For example, the chart below shows rates for the cheapest car insurance in Oklahoma City, OK for a 45-year-old female driver with no prior claims, no tickets, and excellent credit. If we look at prices based on her current risk profile, USAA offers the cheapest car insurance rates in Oklahoma City at $1,369 per year. This is $598 less than the average policy premium paid by Oklahoma drivers of $1,967. Oklahoma Farmers Union, The Hartford, GEICO, and Safe Auto are the rest of the best Oklahoma City, OK auto insurance companies.
Now we will give the driver in the first chart a claim surcharge, a lower credit rating, and a couple of points charged on her driving record. Since each insurance company has their own formula to determine rates, comparing insurance quotes may now present a substantially altered list of affordable Oklahoma City car insurance companies as shown below.
State Farm now has the cheapest car insurance in Oklahoma City, OK with Oklahoma Farmers Union, GEICO, Safe Auto, and Travelers also being competitive. This example demonstrates why it is so important to shop around with many companies to get the most budget-friendly insurance rates for infrequent drivers.
Car insurance prices are impacted by many different factors and change dramatically, so the best option when you last compared rates may now be wasting a lot of money.