For high risk drivers, one of the largest factors that help determine insurance cost is where you call home. Areas with more people or more claims tend to have higher rates, whereas areas with less congestion profit from lower rates.
The table below rates the priciest cities in Oklahoma for drivers requiring a SR22 to purchase auto insurance in. Oklahoma City makes the list at #5 with the yearly price of $2,178 for car insurance, which is around $182 each month.
|Rank||City||Average Per Year|
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Information shown are comparative as vehicle location can increase or decrease price quotes noticeably.
The make and model of vehicle you are buying coverage for is probably the largest consideration in finding the cheapest auto insurance for drivers requiring a SR22. Vehicles with more horsepower, poor passenger safety features, or a track record of large liability claims will cost substantially more to insure than safer models.
The next table showcases insurance rates for a handful of the most budget-friendly automobiles to buy insurance for.
|Vehicle||Estimated Cost for Full Coverage|
|Honda Accord EX 4-Dr Sedan||$3,673|
|Honda CR-V LX 2WD||$3,678|
|Ford Escape XLT 4WD||$3,874|
|Volkswagen Jetta S 2.5 Station Wagon||$4,071|
|Ford Edge SE 2WD||$4,279|
|Ford F-150 XL Crew Cab 2WD||$4,330|
|Dodge Grand Caravan CV||$4,336|
|GMC Sierra SLE Regular Cab 2WD||$4,350|
|Toyota Tacoma Double Cab 4WD||$4,357|
|Nissan Altima 2.5 4-Dr Sedan||$4,350|
|Ford Fusion S 4-Dr Sedan||$4,359|
|Ford Explorer Limited AWD||$4,392|
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Data based on single male driver age 30, two speeding tickets, two at-fault accidents, $1,000 deductibles, and Oklahoma minimum liability limits. Discounts applied include homeowner, multi-policy, and multi-vehicle. Rate information does not factor in vehicle location which can revise coverage prices greatly.
Looking at the data, we can conclude that models like the Honda Accord, Honda CR-V, and Ford Escape are most likely to be the less-costly vehicles to insure for high risk drivers. The cost of auto insurance will trend higher because of the fact that there is a higher risk for drivers requiring a SR22, but overall those particular vehicles will tend to have the lowest prices that you’ll find.
Shopping around for affordable car insurance is tough enough, and figuring out which insurers offer the most affordable insurance rates for drivers requiring a SR22 takes even more shopping around.
Every car insurance company has a different formula for determining rates in each state, so we’ll take a look at the most budget-friendly insurance companies in Oklahoma. It’s important to understand that Oklahoma City insurance rates are determined by lots of factors which can significantly increase or decrease the price you have to pay for coverage. Things like getting older, moving across town, or getting a reckless driving citation may prompt premium changes that may make certain companies cheaper in comparison to the competition.
Find the Cheapest Car Insurance for SR22 Drivers
|Rank||Company||Cost Per Year|
|1||Oklahoma Farmers Union||$1,166|
|11||OK Farm Bureau||$2,079|
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Oklahoma Farmers Union generally has some of the cheapest car insurance rates in Oklahoma City at around $1,166 each year. USAA, The Hartford, Safe Auto, and GEICO also make the cut as some of the best Oklahoma City, OK car insurance companies.
As shown in the rates above, if you currently have a policy with Safe Auto and switched to Oklahoma Farmers Union, you might achieve annual savings of around $211. Policyholders with GEICO might save as much as $228 a year, and Farmers customers might cut rates by $270 a year.
If you would like to find cheaper car insurance rates, click here to get a free quote or click through to the companies below.
Bear in mind that those premiums are averages for all drivers and vehicles in Oklahoma and do not factor in a specific location for drivers requiring a SR22. So the auto insurance company that fits your situation best may not even be in the list above. That’s why you need to compare prices as often as possible using your own personalized driver profile and vehicle information.
How accidents and violations affect rates
In a perfect world, the ideal way to snag good insurance prices in Oklahoma for high risk drivers is to be a good driver and not have accidents or get tickets. The chart below illustrates how violations and accidents can raise insurance costs for different age groups. The premiums assume a single male driver, full coverage, $100 deductibles, and no additional discounts are factored in.
The data in the chart shows the average cost of car insurance in Oklahoma per year with no accidents and a clean driving record is $3,436. Get written up for one speeding ticket and the average cost increases to $3,872, an increase of $435 each year. Next add two accidents along with the one speeding ticket and the annual cost of insurance for drivers requiring a SR22 jumps again to an average of $7,556. That’s an increase of $4,120, or $343 per month, just for not paying attention while driving!
Get discounts on Oklahoma City car insurance
Car insurance companies that provide policies for drivers requiring a SR22 may provide premium discounts that can lower rates by as much as 30% if you qualify. The best insurance companies and a partial list of their discounts can be found below.
- State Farm may include discounts for Steer Clear safe driver discount, driver’s education, multiple autos, good student, and anti-theft.
- Farmers Insurance may offer discounts for early shopping, bundle discounts, alternative fuel, youthful driver, and pay in full.
- GEICO has savings for military active duty, multi-vehicle, multi-policy, air bags, five-year accident-free, and anti-lock brakes.
- American Family offers discounts including TimeAway discount, good driver, good student, mySafetyValet, bundled insurance, and early bird.
- Nationwide offers premium reductions for multi-policy, accident-free, Farm Bureau membership, defensive driving, and family plan.
- Progressive discounts include homeowner, online quote discount, multi-policy, multi-vehicle, and continuous coverage.
The diagram below shows the difference between insurance prices with and without discounts applied to the policy rates. The rate quotes are based on a male driver, three violations and one at-fault accident, Oklahoma state minimum liability limits, comprehensive and collision coverage, and $1,000 deductibles. The first bar for each age group shows the average rate with no discounts. The lower bar shows the rates with paperless filing, vehicle safety, marriage, multiple vehicle, passive restraint, and multiple policy discounts applied. With discounts applied, theaverage yearly reduction on insurance for drivers requiring a SR22 is 28% or $949.
How to find more affordable auto insurance for drivers requiring a SR22
The list below shows a few thrifty suggestions that can help you locate cheaper car insurance.
- Do not get tickets
- Full coverage may not be needed on older vehicles
- Remain accident-free and save
- Better credit rating means better rates
- Raise comprehensive and collision coverage deductibles
- Safer vehicles generally have cheaper insurance rates
- Compare rates regularly and switch companies to save money
The last idea is extremely critical, as we noted in the prior information. Car insurance rates can be adjusted at any time, so don’t be tentative to switch to a new company if a lower price can be found. Loyalty to a specific company is fine, but is isn’t recommended if that devotion results in you overpaying hundreds of dollars a year. If you have a few minutes, now is a great time to compare rates to find cheaper car insurance for drivers requiring a SR22 in Oklahoma City.