The best way we recommend to get cheaper car insurance rates in Oklahoma City is to compare prices once a year from insurers who sell insurance in Oklahoma. Rates can be compared by following these steps.
- Step 1: Gain an understanding of how insurance works and the things you can change to prevent expensive coverage. Many factors that cause high rates such as speeding and a lousy credit rating can be amended by being financially responsible and driving safely. Read the full article for the details to keep prices down and find discounts that may have been missed.
- Step 2: Compare rates from independent agents, exclusive agents, and direct companies. Direct and exclusive agents can only give rate quotes from one company like Progressive and State Farm, while agents who are independent can quote prices for a wide range of insurance providers.
- Step 3: Compare the new rate quotes to your existing rates to see if you can save by switching companies. If you find a lower rate quote and buy the policy, make sure coverage does not lapse between policies.
- Step 4: Provide proper notification to your current company of your intention to cancel your current auto insurance policy. Submit the required down payment along with the signed application to your new company or agent. Immediately place the new proof of insurance paperwork above your visor, in the console, or in the glove compartment.
The most important part of shopping around is to use similar coverage information on each quote and and to get price quotes from as many different insurance providers as possible. This provides the most accurate price comparison and many rates to choose from.
Statistics show that almost 70% of insureds in Oklahoma have been with the same company for more than four years, and just short of a majority have never taken the time to shop around. U.S. consumers could cut their rates by about $859 a year just by getting comparison quotes, but they just don’t want to shop around.
Get Cheap Insurance Prices by Understanding These Factors
When buying insurance it’s important to understand the factors that help calculate the price you pay for insurance. If you understand what influences your rates, this empowers consumers to make smart changes that could help you find much lower annual insurance costs.
The factors shown below are most of the major factors utilized by car insurance companies to help set your rates.
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Gender matters – Statistics demonstrate females are less aggressive when driving. The data does not necessarily mean that women are better drivers. Males and females get in at-fault accidents at a similar rate, but the male of the species tend to have higher claims. Not only are claims higher, but men have more aggressive citations like DUI and reckless driving. Young men ages 16 to 20 tend to get in the most accidents and are penalized with high insurance rates.
The diagram below shows the difference between Kia Forte annual premium costs for male and female drivers. The information is based on no claims or driving citations, full coverage, $500 deductibles, drivers are single, and no policy discounts are applied.
- Pay more out-of-pocket – Insurance for physical damage, also called ‘full coverage’, helps pay for damage to your vehicle. Examples of some claims that would be covered are colliding with a building, damage caused by hail, or theft. Comprehensive and collision coverage deductibles define the amount the insured will be required to pay in the event of a claim. The more expense you’re willing to pay, the less money you will pay for insurance.
- Five star crash test rating saves money – Cars with high safety ratings get lower rates. These vehicles reduce injuries and any reduction in injury severity translates into fewer and smaller insurance claims and cheaper rates on your policy. If the Kia Forte is rated at least an “acceptable” rating on the Insurance Institute for Highway Safety website you may qualify for a discount.
- Your address can influence premiums – Residing in a rural area is a positive aspect when buying insurance. Drivers who live in large cities have more traffic problems and longer commute times. Lower population means reduced accidents in addition to lower liability claims.
- Drive fewer miles and save – The more you drive annually the more it will cost to insure it. The majority of insurers charge rates based upon how much you drive. Vehicles not used for work or commuting qualify for better rates compared to those used for work or business. It’s always a good idea to double check that your insurance policy states the correct driver usage. Having the wrong rating on your Forte is throwing money out the window.
- Liability coverage – Liability coverage kicks in if ever you are ruled to be at fault for damages caused by your negligence. Your policy’s liability insurance provides legal defense which can cost a lot. This coverage is very inexpensive compared to other policy coverages, so do not skimp.
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Kia Forte insurance loss probability – Insurance companies use data from past claims as a way to help calculate a profitable premium price. Vehicles that tend to have higher loss trends will have higher rates for specific coverages. The table shown below demonstrates the historical loss data for Kia Forte vehicles.
For each policy coverage type, the claim probability for all vehicles, as an average, is equal to 100. Percentage numbers below 100 imply a favorable loss record, while values over 100 point to more frequent losses or tendency to have larger claims.
Kia Forte Insurance Claim Statistics Vehicle Make and Model Collision Property Damage Comp Personal Injury Medical Payment Bodily Injury Kia Forte 114 117 103 176 183 144 Kia Forte 114 98 147 Kia Forte 102 102 86 BETTERAVERAGEWORSEEmpty fields indicate not enough data collected
Statistics Source: Insurance Institute for Highway Safety for 2013-2015 Model Years
The easiest way to get rate comparisons for Kia Forte insurance in Oklahoma City is to know the fact most larger insurance companies allow for online access to provide you with a free rate quote. To begin a comparison, all you need to do is give them rating details including the type of vehicles you drive, types of safety features, if a SR-22 is needed, and if you are currently licensed. That rating information is instantly submitted to all major companies and you will receive price estimates immediately.
To compare multiple company lower-cost Kia Forte insurance rates now, click here and enter the information requested.
The following companies have been selected to offer quotes in Oklahoma City, OK. If several companies are displayed, we suggest you get price quotes from several of them to get the cheapest price.
Kia Forte insurance analysis
The data table below covers a range of coverage costs for Kia Forte models. Having a better understanding of how policy rates are established can be of help when making smart choices when comparing insurance quotes.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Forte LX 4-Dr Sedan | $298 | $470 | $506 | $30 | $152 | $1,456 | $121 |
| Forte EX 4-Dr Sedan | $298 | $470 | $506 | $30 | $152 | $1,456 | $121 |
| Forte SX 4-Dr Sedan | $336 | $572 | $506 | $30 | $152 | $1,596 | $133 |
| Forte EX 2-Dr Coupe | $336 | $674 | $572 | $34 | $172 | $1,788 | $149 |
| Forte SX 2-Dr Coupe | $336 | $674 | $572 | $34 | $172 | $1,788 | $149 |
| Get Your Own Custom Quote Go | |||||||
Table data assumes single female driver age 50, no speeding tickets, no at-fault accidents, $250 deductibles, and Oklahoma minimum liability limits. Discounts applied include homeowner, claim-free, multi-policy, safe-driver, and multi-vehicle. Prices do not factor in specific Oklahoma City garaging location which can influence premiums substantially.
Impact of careless driving on Oklahoma City auto insurance rates
The chart below shows how traffic citations and at-fault accidents influence Kia Forte auto insurance costs for different ages of insureds. The price estimates are based on a single male driver, full physical damage coverage, $1,000 deductibles, and no other discounts are factored in.
Rate comparison of full coverage and liability-only
The illustration below illustrates the comparison of Kia Forte insurance costs when comparing full coverage to liability only. The costs are based on a clean driving record, no claims, $100 deductibles, drivers are single, and no discounts are applied to the premium.
Are you wasting money on full coverage?
There is no exact rule to eliminate full coverage, but there is a guideline you can use. If the annual cost of coverage is more than around 10% of the replacement cost minus the deductible, the it may be a good time to stop paying for full coverage.
For example, let’s pretend your Kia Forte replacement cost is $5,000 and you have $1,000 policy deductibles. If your vehicle is severely damaged, the most you would get paid by your company is $4,000 after the deductible is paid. If it’s costing in excess of $400 annually for physical damage coverage, then you might want to think about dropping full coverage.
There are some circumstances where dropping full coverage is not in your best interest. If you still owe a portion of the original loan, you have to carry full coverage in order to keep the loan. Also, if your emergency fund is not enough to purchase a different vehicle in case of an accident, you should not consider dropping full coverage.
Car insurance is not optional in Oklahoma
Even though it can be expensive, insurance may not be optional for several reasons.
First, just about all states have minimum liability requirements which means state laws require a minimum amount of liability coverage in order to license the vehicle. In Oklahoma these limits are 25/50/25 which means you must have $25,000 of bodily injury coverage per person, $50,000 of bodily injury coverage per accident, and $25,000 of property damage coverage.
Second, if you have a loan on your vehicle, it’s guaranteed your bank will stipulate that you buy full coverage to ensure loan repayment if the vehicle is totaled. If the policy lapses, the bank may buy a policy for your Kia at a more expensive rate and require you to reimburse them for the expensive policy.
Third, insurance safeguards your Kia Forte and your assets. It will also pay for all forms of medical expenses for both you and anyone you injure as the result of an accident. As part of your policy, liability insurance also pays for attorney fees and expenses in the event you are sued. If your vehicle suffers damage from an accident or hail, your car insurance policy will cover the damage repairs after a deductible is paid.
The benefits of insuring your car more than offset the price you pay, especially for larger claims. The average driver in Oklahoma is overpaying over $800 each year so compare rates at least once a year to make sure the price is not too high.
Discounts mean cheaper rates for Kia Forte insurance in Oklahoma City
Insuring your fleet can be pricey, but you might be missing out on some discounts that could help you make your next renewal payment. Certain discounts will be applied when you get a quote, but a few must be asked about before you will receive the discount.
- Low Mileage Discounts – Driving fewer miles could earn lower rates on the low mileage vehicles.
- No Accidents – Claim-free drivers pay less as compared to drivers with a long claim history.
- Government Employees – Federal government employees can save as much as 8% with certain companies.
- Good Student Discount – Performing well in school may save you up to 25%. Earning this discount can benefit you up to age 25.
- Lower Rates for Military – Having a family member in the military may qualify for rate reductions.
- Life Insurance – Some insurance carriers give a discounted rate on car insurance if you buy a life policy as well.
- Theft Deterrent Discount – Cars, trucks, and SUVs that have factory anti-theft systems are stolen with less frequency and will qualify for a discount on a Oklahoma City auto insurance quote.
- Paper-free Discount – Some larger companies give back up to $50 get Oklahoma City auto insurance digitally online.
- Full Payment Discount – By paying your entire bill at once instead of making monthly payments you can avoid the installment charge.
- New Vehicle Savings – Adding a new car to your policy can be considerably cheaper because newer vehicles keep occupants safer.
A little disclaimer on discounts, some of the credits will not apply to the entire cost. Some only apply to specific coverage prices like physical damage coverage or medical payments. Even though it appears you can get free auto insurance, it doesn’t quite work that way.
The chart below shows the comparison of Kia Forte insurance prices with and without discounts applied to the policy rates. The prices are based on a female driver, no claims or driving citations, Oklahoma state minimum liability limits, full coverage, and $500 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with claim-free, marriage, multi-policy, safe-driver, homeowner, and multi-car discounts applied.
A list of auto insurance companies and their possible discounts include:
- GEICO includes discounts for driver training, anti-theft, military active duty, multi-vehicle, five-year accident-free, federal employee, and defensive driver.
- USAA has savings for new vehicle, multi-policy, safe driver, loyalty savings, and vehicle storage.
- Progressive offers discounts for continuous coverage, online quote discount, homeowner, good student, multi-vehicle, multi-policy, and online signing.
- American Family may include discounts for air bags, accident-free, good student, bundled insurance, defensive driver, TimeAway discount, and multi-vehicle.
- Esurance policyholders can earn discounts including defensive driver, anti-theft, emergency road assistance, homeowner, online quote, and multi-car.
- Farmers Insurance may have discounts that include mature driver, youthful driver, good student, bundle discounts, electronic funds transfer, and pay in full.
- State Farm may offer discounts for defensive driving training, Drive Safe & Save, multiple policy, student away at school, anti-theft, and good driver.
When getting a coverage quote, ask every insurance company which discounts they offer. Discounts might not be available to policyholders in Oklahoma City. For a list of insurance companies with discount rates in Oklahoma City, follow this link.
Insurance agencies can give valuable advice
Certain consumers would prefer to talk to an insurance agent and doing that can be a smart decision A nice benefit of comparing rate quotes online is that you can obtain lower rates and still have a local agent. Buying from and supporting neighborhood agents is definitely important in Oklahoma City.
To help locate an agent, after submitting this simple form, your information is submitted to companies in Oklahoma City who will give you quotes for your coverage. You won’t need to visit any agencies due to the fact that quote results will go to you. You can find lower rates AND an agent nearby. If you want to compare rates from a particular provider, you would need to visit that company’s website and fill out the quote form the provide.
If you want to use a local agent, it helps to know the two types of insurance agents and how they can write your policy. Agents in Oklahoma City are categorized either independent (non-exclusive) or exclusive.
Independent Car Insurance Agents (or Brokers)
These agents do not have single company limitations so they can quote policies through lots of different companies and find you cheaper rates. If prices rise, they can switch companies in-house and you don’t have to switch agencies.
When comparing rates, it’s recommended you get rate quotes from a few independent agents for the best price selection. Most can insure with mutual insurance companies which can be an advantage.
Shown below are Oklahoma City independent agents that can possibly get you competitive price quotes.
- Sherman-Hume
1225 W Britton Rd – Oklahoma City, OK 73114 – (405) 842-2377 – View Map - Russ Warren Insurance Agency
3431 NW 36th St – Oklahoma City, OK 73112 – (405) 947-6745 – View Map - Knight’s Insurance Agency
3825 NW 23rd St – Oklahoma City, OK 73107 – (405) 946-0111 – View Map
Exclusive Insurance Agents
Exclusive insurance agents work for only one company and examples are Farmers Insurance, State Farm, Allstate, and AAA. These agents are not able to shop your coverage around so they are skilled at selling on more than just price. Exclusive agencies receive extensive training on their company’s products and that enables them to sell even at higher rates. A lot of people buy insurance from these agents mainly due to the brand legacy rather than having the cheapest rates.
The following is a list of exclusive agencies in Oklahoma City who can help you get rate quotes.
- Jim Hoffhines – State Farm Insurance Agent
3838 NW 36th St #160 – Oklahoma City, OK 73112 – (405) 948-8881 – View Map - Claire Faulkner-Truong – State Farm Insurance Agent
840 NW 50th St – Oklahoma City, OK 73118 – (405) 787-2626 – View Map - Charles Reagan – State Farm Insurance Agent
5001 N Pennsylvania Ave #305 – Oklahoma City, OK 73112 – (405) 840-3731 – View Map
Finding the right car insurance agent is decision based upon more than just the price. Ask your prospective agent these questions:
- Is insurance their full-time profession?
- Are all drivers listed on the coverage quote?
- Does the company allow you to choose your own collision repair facility?
- Will the quote change when the policy is issued?
- What is their Better Business Bureau rating?
- How long has their agency been in business in Oklahoma City?
Which is the best insurance?
Keep in mind that when it comes to choosing a policy for your vehicles, there really isn’t a perfect coverage plan. Every insured’s situation is different.
For instance, these questions can help discover if your situation might need an agent’s assistance.
- Does coverage extend to my business vehicle?
- Should I buy additional glass protection?
- Are combined or split liability limits better?
- Is my Kia Forte covered for flood damage?
- What if I owe more than I can insure my car for?
- Are all vehicle passengers covered by medical payments coverage?
- Do I have newly-acquired coverage?
If you can’t answer these questions but you think they might apply to your situation, then you may want to think about talking to a licensed agent. To find an agent in your area, take a second and complete this form.
Persistence pays off
Some insurance companies don’t offer price quotes online and these regional insurance providers provide coverage only through independent agencies. Low-cost Kia Forte insurance in Oklahoma City is available on the web and from local insurance agents, so compare prices from both in order to have the best price selection to choose from.
In this article, we presented quite a bit of information on how to shop for Kia Forte insurance online. The key concept to understand is the more price quotes you have, the better chance you’ll have of finding affordable Oklahoma City auto insurance quotes. Drivers may even discover the biggest savings come from some of the lesser-known companies.
Consumers who switch companies do it for any number of reasons including policy cancellation, extreme rates for teen drivers, lack of trust in their agent or even unfair underwriting practices. Regardless of your reason, choosing a new insurance company is pretty simple and you could end up saving a buck or two.
For more information, feel free to visit these articles:
- New Honda safety features benefit drivers of all ages (Insurance Institute for Highway Safety)
- Who Has Cheap Oklahoma City Auto Insurance for a GMC Sierra? (FAQ)
- What Insurance is Cheapest for a 20 Year Old Female in Oklahoma City? (FAQ)
- How Much is Oklahoma City Auto Insurance for a Dodge Ram? (FAQ)
- Who Has Affordable Car Insurance Rates for a Honda Accord in Oklahoma City? (FAQ)
- How Much are Oklahoma City Auto Insurance Rates for a Honda Civic? (FAQ)
- What is a Telematics Device? (Allstate)
- Tread Depth and Tire Safety (State Farm)