How to Save on Oklahoma City Chrysler Sebring Insurance

Wish you could get out of overpriced Chrysler Sebring insurance in Oklahoma City? It’s a common feeling and many Oklahoma City drivers have buyer’s remorse.

It’s well known that auto insurance companies don’t want you quoting rates from other companies. Consumers who shop around for cheaper prices will presumably switch insurance companies because the odds are good of finding coverage at a more affordable price. A recent insurance study discovered that consumers who made a habit of comparing rate quotes saved on average $865 a year compared to those who never compared other company’s rates.

If saving the most money on Chrysler Sebring insurance in Oklahoma City is your target objective, then learning a little about how to shop for auto insurance can help simplify the task of finding more affordable coverage. Online insurance companies like State Farm, Farmers Insurance, GEICO and Allstate persitently shower you with fancy advertisements and consumers find it hard to see through the cute green geckos and mayhem and find the best price available.

If you’re already insured or are shopping for new coverage, follow these tips to get lower rates without having to cut coverage. Finding affordable insurance coverage in Oklahoma City is really quite easy. Smart buyers just need to know the quickest way to compare rate quotes instantly.

All major auto insurance companies such as State Farm, GEICO and Progressive give pricing from their websites. Comparing Chrysler Sebring insurance rates online is quite simple as you simply type in your personal and coverage information into the quote form. When the form is submitted, the system gets your driving and credit reports and returns a price quote based on the data you entered. Being able to quote online for Chrysler Sebring insurance in Oklahoma City helps simplify price comparisons, and it’s necessary to compare as many rates as possible if you want to find the cheapest price.

If you want to compare pricing, compare quotes from the companies shown below. If you have coverage now, it’s recommended that you enter deductibles and limits identical to your current policy. This helps ensure you will get a fair comparison using the same coverage and limits.

The following companies are ready to provide quotes in Oklahoma City, OK. If multiple companies are listed, we recommend you visit several of them in order to get a fair rate comparison.

Facts and figures for Chrysler Sebring insurance

The table below showcases different rate quotes for Chrysler Sebring models. Having a good understanding how rates are figured can help you make informed coverage decisions.

Prices based on married female driver age 50, no speeding tickets, no at-fault accidents, $1000 deductibles, and Oklahoma minimum liability limits. Discounts applied include multi-policy, safe-driver, claim-free, multi-vehicle, and homeowner. Premium amounts do not factor in specific location information which can alter coverage rates noticeably.

Analysis of deductible levels

A question often asked by Oklahoma City drivers is how high should your deductibles be. The following tables show the differences in premium rates when you buy lower versus higher physical damage deductibles. The first rate estimation uses a $250 deductible and the second data table uses a $1,000 deductible.

Data variables include married male driver age 30, no speeding tickets, no at-fault accidents, and Oklahoma minimum liability limits. Discounts applied include multi-policy, safe-driver, claim-free, multi-vehicle, and homeowner. Table data does not factor in specific zip code location which can alter insurance rates substantially.

Based on these figures, using a $250 deductible will cost you approximately $36 more each month or $432 annually across all Chrysler Sebring models than requesting the higher $1,000 deductible. Since the policyholder would be required to pay $750 more if you turn in a claim with a $1,000 deductible as compared to a $250 deductible, if you normally average at least 21 months between claim filings, you would probably save some money if you choose the higher deductible.

The example below demonstrates how deductibles and can influence Chrysler Sebring insurance premiums for different age categories. The costs are based on a married female driver, comprehensive and collision coverage, and no other discounts are factored in.

Impact of careless driving on Oklahoma City car insurance rates

The information below illustrates how traffic citations and fender-benders drive up Chrysler Sebring auto insurance rates for different ages of insureds. The information is based on a married female driver, comp and collision included, $100 deductibles, and no discounts are applied to the premium.

Gender differences in car insurance premiums

The information below compares Chrysler Sebring car insurance costs for male and female drivers. Data assumes no violations or claims, full physical damage coverage, $250 deductibles, drivers are not married, and no policy discounts are applied.

Full coverage versus liability-only in Oklahoma City

The information below compares Chrysler Sebring auto insurance costs with full coverage compared to only the Oklahoma minimum liability coverage. The rate quotes are based on no claims, a clean driving record, $500 deductibles, marital status is single, and no additional discounts are factored in.

Guidelines for dropping full coverage

There is no definitive formula that works best for making the decision to drop 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 settlement you would receive from your company, then you may need to consider dropping full coverage.

For example, let’s pretend your Chrysler Sebring book value is $5,000 and you have $1,000 full coverage deductibles. If your vehicle is damaged in an accident, the most you would receive is $4,000 after the policy deductible has been paid. If premiums are more than $400 annually to have full coverage, then it might be time to buy liability only.

There are some conditions where eliminating full coverage is not a good plan. If you still owe money on your vehicle, you have to maintain full coverage to protect the lienholder’s interest in the vehicle. Also, if you can’t afford to buy a different vehicle if your current one is damaged, you should not remove full coverage.

Three reasons insurance is important

Despite the high insurance cost for a Chrysler Sebring in Oklahoma City, insurance is required in Oklahoma but it also protects you in many ways.

• Almost all states have mandatory insurance requirements which means the state requires a minimum amount of liability insurance coverage in order to get the vehicle licensed. 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.
• If you took out a loan on your Chrysler, almost all lenders will force you to have comprehensive coverage to protect their interest in the vehicle. If you do not pay your insurance premiums, the bank may insure your Chrysler at a more expensive rate and require you to pay the higher premium.
• Insurance preserves not only your Chrysler but also your financial assets. It will also provide coverage for medical expenses for you, your passengers, and anyone else injured in an accident. One of the most valuable coverages, liability insurance, also pays for attorney fees and expenses if you are sued as the result of your driving. If you have damage to your Chrysler as the result of the weather or an accident, your insurance policy will cover the damage repairs after a deductible is paid.

The benefits of buying insurance definitely exceed the cost, especially for larger claims. Unknowingly, the average driver overpays as much as $800 each year so you should quote your policy with other companies every year to save money.

How do Car Insurance Companies Determine Chrysler Sebring Insurance Costs?

Many factors are considered when you quote your car insurance policy. Some are pretty understandable such as your driving history, but others are less apparent like your continuous coverage or your financial responsibility.

The list below includes a partial list of the pieces utilized by car insurance companies to help set your prices.

• Your address can push rates up or down – Having an address in less populated areas of the country has it’s advantages when talking about car insurance. Fewer drivers means a lower chance of having an accident and also fewer theft and vandalism claims. Drivers who live in large Oklahoma cities regularly have congested traffic and longer commutes to work. More time commuting means more chance of being in an accident.
• Liability limits on your policy – Liability coverage will afford coverage when you are responsible for causing personal injury or damage in an accident. Liability provides legal defense coverage which can cost thousands of dollars. Liability is cheap compared to physical damage coverage, so drivers should make sure they buy enough to cover all assets.
• Do you know your deductibles? – Insurance for physical damage, otherwise known as comp (or other than collision) and collision, is used to repair damage to your vehicle. Some coverage claims are a broken windshield, vandalism, and burglary. Your deductibles are how much you are required to spend if the claim is covered. The more money you choose to pay out-of-pocket, the less your company will charge you for insurance.
• Getting married can lower rates – Being married actually saves money on your car insurance bill. It is viewed as being more mature and responsible and it’s statistically proven that drivers who are married are more cautious.

• High performance vehicles cost more to insure – The performance level of the car you own makes a substantial difference in the rate you pay. Lower performance four cylinder passenger vehicles generally receive the lowest base rates, but that’s not the only thing that factors into the final price.

  The next chart assumes a single female driver age 20, full coverage with $250 deductibles, and no discounts or violations. It illustrates Chrysler Sebring policy rates compared to other vehicles that have different performances.

Car insurance rates and discounts

Some insurance providers don’t always advertise all their discounts very clearly, so the following is a list of some of the best known as well as some of the hidden discounts that you can inquire about if you buy Oklahoma City car insurance online.

• Multi-Vehicle Discounts – Buying coverage for multiple cars on one policy qualifies for this discount.
• Theft Deterrent Discount – Anti-theft and alarm system equipped vehicles have a lower chance of being stolen and qualify for as much as a 10% discount.
• Auto/Life Discount – Car insurance companies who offer life insurance give a small discount if you purchase life insurance.
• Student in College – Any of your kids who attend college more than 100 miles from Oklahoma City and do not have a car can be insured at a reduced rate.
• Discounts for Federal Employees – Active or former government employment could qualify for a slight premium decrease with certain companies.

Don’t be surprised that most credits do not apply to the overall cost of the policy. Some only apply to the cost of specific coverages such as liability and collision coverage. So even though you would think all the discounts add up to a free policy, car insurance companies aren’t that generous.

The illustration below shows the difference between Chrysler Sebring yearly insurance costs with and without discounts. Data assumes a male driver, no driving violations, no at-fault accidents, Oklahoma state minimum liability limits, full physical damage coverage, and $250 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with homeowner, multi-car, multi-policy, claim-free, marriage, and safe-driver discounts applied.

A list of car insurance companies and their offered discounts can be read below.

• Farm Bureau offers premium reductions for driver training, youthful driver, safe driver, good student, and 55 and retired.
• State Farm may offer discounts for good driver, good student, multiple autos, Steer Clear safe driver discount, Drive Safe & Save, and anti-theft.
• Progressive may include discounts for multi-vehicle, multi-policy, homeowner, good student, online signing, and continuous coverage.
• Allstate policyholders can earn discounts including 55 and retired, resident student, safe driver, senior citizen, premier plus, and defensive driver.
• Nationwide has discounts for business or organization, accident-free, family plan, anti-theft, defensive driving, easy pay, and multi-policy.
• MetLife offers discounts for defensive driver, claim-free, accident-free, good driver, good student, multi-policy

If you are trying to find the cheapest Chrysler Sebring rate quotes, ask each company or agent which credits you are entitled to. Depending on the company, some discounts may not apply in Oklahoma City. To view insurance companies with significant discounts in Oklahoma, click here.

Can’t I compare rates from local Oklahoma City insurance agencies?

A lot of people just want to talk to a local agent and that is just fine! Good insurance agents can answer important questions and help in the event of a claim. The best thing about price shopping on the web is you may find cheaper prices and also buy local.

Upon completion of this simple form, your information is emailed to local insurance agents in Oklahoma City that can provide free Oklahoma City car insurance quotes for your insurance coverage. You won’t need to contact any agents because prices are sent to you. If you wish to get a price quote from a particular provider, just jump over to their website and complete a quote there.

Finding the right insurer requires more thought than just a cheap quote. You should also get answers to these questions.

• If you have an accident, will your rates go up?
• Do you have coverage for a rental car if your vehicle is in the repair shop?
• What will you get paid if your car is a total loss? How is that amount determined?
• Which companies can they place coverage with?
• If you are a high risk driver, do they have special markets for your coverage?
• Does the agent have professional designations like CIC, CPCU or AIC?
• How long have they been in business?
• Are they full-time agents?

Pick the best auto insurance agent in Oklahoma City for you

If you want to use a reputable insurance agent or broker, you need to know there are two different agency structures from which to choose. Insurance policy providers can be classified as either independent (non-exclusive) or exclusive. Either can insure your vehicles, but it’s worth learning the difference between them since it can impact which agent you choose.

Exclusive Insurance Agents

Agents that choose to be exclusive normally can only provide a single company’s rates and examples are State Farm, AAA, and Liberty Mutual. They are unable to place coverage with different providers so if the price isn’t competitive there isn’t much they can do. Exclusive insurance agents are well schooled on their company’s products which aids in selling service over price.

Listed below is a list of exclusive insurance agencies in Oklahoma City who may provide you with comparison quotes.

View more Oklahoma City agents

Independent Insurance Agencies

Agents of this type are not restricted to one company so they have the ability to put coverage through lots of different companies and find the cheapest rate. If your agent finds better pricing, they simply move the coverage in-house and the insured can keep the same agent. If you are trying to find cheaper rates, it’s a good idea to compare quotes from several independent insurance agents in order to have the best price comparison.

Below is a list of independent insurance agencies in Oklahoma City that are able to give price quote information.

View more Oklahoma City agents

A conclusion for your car insurance search

When getting Oklahoma City car insurance quotes online, never buy less coverage just to save a little money. Too many times, someone dropped comprehensive coverage or liability limits only to find out that a couple dollars of savings turned into a financial nightmare. The ultimate goal is to get the best coverage possible at the best price but still have enough coverage for asset protection.

Discount Chrysler Sebring insurance in Oklahoma City can be bought from both online companies and from local insurance agents, and you need to price shop both to have the best chance of lowering rates. Some car insurance companies may not provide the ability to get a quote online and most of the time these smaller providers only sell through independent agents.

How to find cheaper rates for Chrysler Sebring insurance in Oklahoma City

It takes a few minutes, but the best way to find cheaper quotes for auto insurance rates is to regularly compare quotes from different companies that insure vehicles in Oklahoma City.

• First, try to learn a little about how car insurance works and the things you can control to drop your rates. Many rating criteria that result in higher rates such as speeding and a not-so-good credit score can be improved by being financially responsible and driving safely.
• Second, get rate quotes from direct carriers, independent agents, and exclusive agents. Exclusive and direct companies can only give rate quotes from a single company like GEICO and State Farm, while independent agencies can provide price quotes for a wide range of insurance providers.
• Third, compare the new rates to your current policy premium to see if you can save by switching companies. If you find a lower rate, make sure there is no coverage gap between policies.

A tip to remember is to use similar limits and deductibles on each quote request and and to get price estimates from as many companies as feasibly possible. This guarantees an apples-to-apples comparison and the most accurate and complete price analysis.

More detailed car insurance information is located in the articles below:

• Rollover Crash FAQ (iihs.org)
• How Much is Oklahoma City Auto Insurance for a Dodge Ram? (FAQ)
• Who Has the Cheapest Car Insurance Quotes for 17 Year Olds in Oklahoma City? (FAQ)
• What is Gap Insurance? (Insurance Information Institute)
• Help Your Teen Be a Better Driver (State Farm)
• Understanding Limits and Deductibles (Allstate)
• Auto Insurance for Teen Drivers (Insurance Information Institute)