A recent insurance study discovered that over 70% of drivers have bought insurance from the same company for four years or more, and approximately 40% of consumers have never compared rates to find lower-cost insurance. Most drivers in Oklahoma City could save themselves approximately 35% a year just by comparing rates, but they assume it’s a waste of time to compare rate quotes.
It takes a little time, but the best way to get low-cost car insurance rates is to start doing an annual price comparison from different companies in Oklahoma City.
First, learn about how your policy works and the changes you can make to prevent rate increases. Many things that result in higher rates like at-fault accidents, speeding tickets, and your credit history can be rectified by improving your driving habits or financial responsibility. Continue reading for tips to help find cheaper rates and find possible discounts that are available.
Second, obtain price quotes from direct carriers, independent agents, and exclusive agents. Direct companies and exclusive agencies can only quote rates from a single company like Progressive or Farmers Insurance, while independent agents can provide rate quotes from multiple sources. Find an Oklahoma City insurance agent
Third, compare the quotes to your existing coverage to see if you can save by switching companies. If you can save money and change companies, make sure there is no lapse in coverage.
The key thing to remember is to make sure you’re comparing the same physical damage deductibles and liability limits on each price quote and and to get quotes from every company you can. Doing this provides a level playing field and and a good selection of different prices.
If you are insured now, you will definitely be able to reduce premiums using these techniques. This article’s goal is to introduce you to how auto insurance companies operate and some tricks to saving. But Oklahoma vehicle owners can benefit from knowing how companies market on the web and use it to your advantage.
Just remember that comparing more prices helps increase your odds of locating the best offered rates.
The companies shown below can provide free quotes in Oklahoma City, OK. If multiple companies are listed, we suggest you visit two to three different companies to get the best price comparison.
Cheaper Ford Ranger insurance in Oklahoma City
Some providers do not list their entire list of discounts very well, so here is a list a few of the more common in addition to some of the lesser obvious credits available to lower your premiums when you buy Oklahoma City car insurance online.
- Sign Early and Save – Select insurance companies give a discount for buying a new policy before your current coverage expires. You can save around 10% with this discount.
- Telematics Devices – Insureds who allow driving data collection to track driving patterns by using a telematics device in their vehicle like Allstate’s Drivewise could possibly reduce rates as long as they are good drivers.
- Active Military Service – Having an actively deployed family member can result in better premium rates.
- One Accident Forgiven – This isn’t a discount exactly, but a few companies such as State Farm and Allstate will allow you to have one accident before they charge you more for coverage with the catch being you have to be claim-free prior to the accident.
- E-sign – Certain companies will give you a small discount for completing your application on the internet.
- Good Grades Discount – A discount for being a good student could provide a savings of up to 20% or more. Most companies allow this discount well after school through age 25.
- Low Mileage Discounts – Fewer annual miles on your Ford could be rewarded with cheaper premium rates.
One last thing about discounts, most credits do not apply to all coverage premiums. A few only apply to individual premiums such as medical payments or collision. Even though it may seem like you could get a free auto insurance policy, nobody gets a free ride. Any qualifying discounts will positively reduce the amount you have to pay.
The diagram below shows the comparison of Ford Ranger annual premium costs with and without policy discounts. The rate quotes are based on a female driver, no tickets, no at-fault accidents, Oklahoma state minimum liability limits, comprehensive and collision coverage, and $250 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with safe-driver, multi-car, marriage, multi-policy, homeowner, and claim-free discounts applied.
Some of the insurance companies that may have most of the discounts above include:
Double check with every company the best way to save money. Savings might not be offered in Oklahoma City. To see providers that offer some of these discounts in Oklahoma City, click this link.
Detailed insurance information
The rate information displayed next highlights a range of coverage prices for Ford Ranger models. Having a better understanding of how policy premiums are formulated can be useful when making smart choices when buying a car insurance policy.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Ranger XL 2WD||$122||$250||$422||$24||$126||$944||$79|
|Ranger XL SuperCab 2WD||$144||$250||$422||$24||$126||$966||$81|
|Ranger XLT 2WD||$144||$250||$422||$24||$126||$966||$81|
|Ranger XL 2WD||$144||$250||$422||$24||$126||$966||$81|
|Ranger XL SuperCab 4WD||$144||$250||$422||$24||$126||$966||$81|
|Ranger XLT SuperCab 2WD||$144||$304||$422||$24||$126||$1,020||$85|
|Ranger Sport SuperCab 2WD||$144||$304||$422||$24||$126||$1,020||$85|
|Ranger Sport SuperCab 4WD||$144||$304||$422||$24||$126||$1,020||$85|
|Ranger XLT SuperCab 4WD||$144||$304||$422||$24||$126||$1,020||$85|
|Ranger Sport SuperCab 2WD||$144||$304||$422||$24||$126||$1,020||$85|
|Ranger XLT SuperCab 2WD||$144||$304||$422||$24||$126||$1,020||$85|
|Get Your Own Custom Quote Go|
Data variables include married female driver age 50, no speeding tickets, no at-fault accidents, $1000 deductibles, and Oklahoma minimum liability limits. Discounts applied include homeowner, multi-vehicle, claim-free, safe-driver, and multi-policy. Information does not factor in zip code location which can revise prices significantly.
The information below shows how choosing a deductible and can affect Ford Ranger insurance costs for different categories of driver ages. The data assumes a married male driver, full coverage, and no discounts are taken into consideration.
Accidents and violations increase rates
The example below demonstrates how citations and accident claims can impact Ford Ranger auto insurance rates for different age groups. The costs are based on a married male driver, full physical damage coverage, $100 deductibles, and no discounts are applied.
Men versus women drivers and insurance cost
The information below compares Ford Ranger auto insurance rates for male and female drivers. The data assumes a clean driving record, no claims, full coverage, $1,000 deductibles, drivers are single, and no discounts are applied to the premium.
Full coverage rates compared to liability-only
The diagram below shows the difference between Ford Ranger car insurance costs with and without physical damage coverage, medical payments, and uninsured/under-insured motorist coverage. The data assumes no accidents, no driving violations, $1,000 deductibles, single status, and no discounts are applied.
When to drop full coverage
There is no clear-cut rule of when to eliminate comp and collision coverage, but there is a guideline you can consider. If the yearly cost of full coverage is 10% or more of the vehicle’s replacement cost less your deductible, then you might want to think about dropping full coverage.
For example, let’s assume your Ford Ranger settlement value is $6,000 and you have $1,000 full coverage deductibles. If your vehicle is severely damaged, the most your company will settle for is $5,000 after paying your deductible. If it’s costing in excess of $500 annually for your policy with full coverage, then it might be time to consider dropping full coverage.
There are some situations where dropping full coverage is not in your best interest. If you have an outstanding loan on your vehicle, you have to keep full coverage in order to satisfy the requirements of the loan. Also, if your savings is not enough to buy a different vehicle if your current one is in an accident, you should not remove full coverage.
Local neighborhood insurance agents
A lot of people would prefer to talk to a local agent. The best thing about comparing car insurance online is that drivers can save money and get the best rates and still buy from a local agent. Putting coverage with local insurance agencies is definitely important in Oklahoma City.
To make it easy to find an agent, after completing this form (opens in new window), your coverage information is submitted to local insurance agents who will give you bids to get your business. You won’t even need to visit any agencies due to the fact that quote results will go immediately to your email address. You can find the lowest rates without requiring a lot of work. If you have a need to get a rate quote from a specific company, don’t hesitate to visit that company’s website and fill out the quote form the provide.
Two types of auto insurance agents
If you are searching for an insurance agent, there are two different types of agencies that differ in how they can insure your vehicles. Agencies in Oklahoma City can either be independent agents or exclusive agents depending on their employer.
Independent Car Insurance Agents (or Brokers)
Agents that choose to be independent do not work for one specific company so they can quote policies amongst many companies depending on which coverage is best. To move your coverage to a new company, they simply move your policy to a different company which makes it simple for you.
When comparing rate quotes, you will want to get insurance quotes from independent agents for the best price selection. A lot of them also have access to smaller regional carriers which can save you money.
Listed below is a small list of independent agents in Oklahoma City who may provide price quotes.
- Thomas Baste Insurance Agency
8503 S Western Ave – Oklahoma City, OK 73139 – (405) 604-5600 – View Map
- Premier Insurance
3232 W Britton Rd # 150 – Oklahoma City, OK 73120 – (405) 285-4040 – View Map
- Knight’s Insurance Agency
3825 NW 23rd St – Oklahoma City, OK 73107 – (405) 946-0111 – View Map
Exclusive Car Insurance Agencies
Agents that choose to be exclusive normally can only provide a single company’s rates like State Farm, Allstate, or Farmers Insurance. These agents are not able to shop your coverage around so keep that in mind. Exclusive agents receive extensive training on the products they sell which helps them compete with independent agents. Consumers often buy from exclusive agents mainly due to the prominent brand name rather than having low rates.
Shown below is a list of exclusive insurance agents in Oklahoma City that are able to give price quote information.
- Tom Woodward – State Farm Insurance Agent
4401 W Memorial Rd #115 – Oklahoma City, OK 73134 – (405) 755-5958 – View Map
- Marcia Corcoran – State Farm Insurance Agent
3135 NW 63rd St b – Oklahoma City, OK 73116 – (405) 848-8878 – View Map
- Terry Amacher – State Farm Insurance Agent
4509 NW 63rd St – Oklahoma City, OK 73132 – (405) 721-5500 – View Map
Finding the right insurance agency requires more thought than just a low price. Below are some questions you should ask.
- How long has the business existed?
- Do they offer claims assistance after hours?
- Do you need full coverage on every vehicle?
- Do they regularly work with personal auto policies in Oklahoma City?
- How much training do they have in personal risk management?
- Which companies do they recommend if they are an independent agency?
- What discounts might you be missing?
- When do they do policy reviews?
When do I need an agent’s advice?
When buying proper insurance coverage, there really is not a one size fits all plan. Coverage needs to be tailored to your specific needs.
For example, these questions can aid in determining if your situation could use an agent’s help.
- Does coverage extend to a rental car in a foreign country?
- Can my babysitter drive my car?
- Is coverage enough to protect my assets?
- Am I insured when driving a different vehicle?
- Where can I get insurance after a DUI in Oklahoma?
- Is other people’s property covered if stolen from my vehicle?
- What does roadside assistance cover?
- What are the best liability limits?
- Is business equipment covered while in my vehicle?
If it’s difficult to answer those questions but you know they apply to you, then you may want to think about talking to a licensed insurance agent. If you don’t have a local agent, fill out this quick form.
Specific coverages for a Ford Ranger
Having a good grasp of your policy helps when choosing which coverages you need and proper limits and deductibles. Policy terminology can be confusing and nobody wants to actually read their policy.
Insurance for medical payments
Personal Injury Protection (PIP) and medical payments coverage kick in for immediate expenses for dental work, prosthetic devices, hospital visits, chiropractic care and doctor visits. They are used in conjunction with a health insurance program or if you lack health insurance entirely. Medical payments and PIP cover both the driver and occupants in addition to getting struck while a pedestrian. PIP coverage is not an option in every state and gives slightly broader coverage than med pay
Comprehensive coverage (or Other than Collision)
Comprehensive insurance pays to fix your vehicle from damage OTHER than collision with another vehicle or object. You first must pay your deductible and then insurance will cover the rest of the damage.
Comprehensive coverage protects against things like falling objects, a broken windshield and hitting a deer. The maximum amount you can receive from a comprehensive claim is the actual cash value, so if the vehicle is not worth much consider removing comprehensive coverage.
Liability insurance provides protection from damage or injury you incur to people or other property that is your fault. It protects you from claims by other people, and doesn’t cover damage to your own property or vehicle.
Liability coverage has three limits: bodily injury for each person injured, bodily injury for the entire accident and a property damage limit. You might see liability limits of 25/50/25 which means $25,000 in coverage for each person’s injuries, a limit of $50,000 in injury protection per accident, and a limit of $25,000 paid for damaged property. Occasionally you may see one limit called combined single limit (CSL) that pays claims from the same limit and claims can be made without the split limit restrictions.
Liability can pay for claims like funeral expenses, court costs, structural damage, loss of income and medical expenses. The amount of liability coverage you purchase is a personal decision, but it’s cheap coverage so purchase as large an amount as possible. Oklahoma state law requires minimum liability limits of 25/50/25 but you should consider buying more liability than the minimum.
The illustration below shows why the minimum limit may not be high enough to cover claims.
Collision coverage protection
This coverage pays for damage to your Ranger caused by collision with a stationary object or other vehicle. You first must pay a deductible and then insurance will cover the remainder.
Collision can pay for things such as colliding with a tree, crashing into a building, colliding with another moving vehicle, hitting a parking meter and driving through your garage door. Paying for collision coverage can be pricey, so analyze the benefit of dropping coverage from vehicles that are 8 years or older. Another option is to bump up the deductible on your Ranger to save money on collision insurance.
Uninsured Motorist or Underinsured Motorist insurance
This coverage provides protection when the “other guys” do not carry enough liability coverage. Covered losses include injuries sustained by your vehicle’s occupants and damage to your Ford Ranger.
Because many people only purchase the least amount of liability that is required (25/50/25), their liability coverage can quickly be exhausted. This is the reason having UM/UIM coverage is a good idea. Frequently these coverages are set the same as your liability limits.
Cheaper coverage is out there
More affordable auto insurance in Oklahoma City can be purchased from both online companies and with local Oklahoma City insurance agents, so you need to quote Oklahoma City car insurance with both to have the best rate selection. Some auto insurance companies do not provide online price quotes and many times these regional insurance providers sell through independent insurance agents.
While you’re price shopping online, never reduce coverage to reduce premium. There are many occasions where an insured dropped comprehensive coverage or liability limits to discover at claim time that their decision to reduce coverage ended up costing them more. Your strategy should be to buy the best coverage you can find at a price you can afford and still be able to protect your assets.
We covered many ideas to shop for Ford Ranger insurance online. The key concept to understand is the more price quotes you have, the better your comparison will be. You may even be surprised to find that the best price on auto insurance is with a lesser-known regional company.
Additional learning opportunities
- How to shop for a safer car (Insurance Institute for Highway Safety)
- How Much is Oklahoma City Car Insurance for Veterans? (FAQ)
- How Much are Oklahoma City Car Insurance Quotes for Inexperienced Drivers? (FAQ)
- Who Has Affordable Oklahoma City Car Insurance Rates for a Ford Fusion? (FAQ)
- A Tree Fell on Your Car: Now What? (Allstate)
- Think You’re a Safe Driver? (State Farm)