If you want to find the absolute lowest rates, then the best way to get affordable auto insurance rates is to compare quotes once a year from companies who provide auto insurance in Oklahoma City.
First, try to comprehend how companies price auto insurance and the changes you can make to keep rates in check. Many risk factors that cause rate increases like distracted driving and a negative credit history can be remedied by making minor driving habit or lifestyle changes. Read the full article for more ideas to help find cheaper rates and find additional discounts.
Second, compare rates from direct carriers, independent agents, and exclusive agents. Exclusive agents and direct companies can provide rates from a single company like GEICO or State Farm, while agents who are independent can provide prices for a wide range of insurance providers.
Third, compare the quotes to your existing coverage to see if a cheaper price is available in Oklahoma City. If you find better rates and decide to switch, make sure there is no lapse between the expiration of your current policy and the new one.
Fourth, notify your agent or company of your intent to cancel your current coverage and submit the application along with any required down payment to the newly selected company. As soon as coverage is bound, keep your new proof of insurance paperwork along with your vehicle registration.
One key aspect when comparing rates is to make sure you enter the same level of coverage on each quote request and and to get quotes from every insurance company. Doing this enables the most accurate price comparison and a complete selection of prices.
It’s a fact that car insurance companies don’t want you shop around. Drivers who shop around for cheaper price quotes are likely to move their business because there is a good chance of finding a lower-priced policy. A recent study showed that consumers who compared rate quotes regularly saved approximately $865 a year compared to other drivers who never compared prices.
If finding discount rates on auto insurance in Oklahoma City is why you’re reading this, then having some insight into how to get free comparison quotes and analyze insurance can save money and time.
If you are already insured, you will definitely be able to cut your premiums using the following tips. Locating the best rates in Oklahoma City can be much easier if you know how to start. Nevertheless, Oklahoma vehicle owners benefit from understanding how the larger insurance companies compete online.
Affordable Dodge insurance prices in Oklahoma City
The companies in the list below offer price quotes in Oklahoma. If the list has multiple companies, it’s a good idea that you visit two to three different companies in order to find the lowest rates.
Rates and statistics
The table displayed below highlights different coverage prices for Dodge Viper models. Having a good grasp of how rate quotes are calculated can help you make smart choices when choosing a car insurance company.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Viper SRT/10 2-Dr Coupe | $780 | $1566 | $588 | $34 | $176 | $3,144 | $262 |
| Viper SRT/10 2-Dr Roadster | $780 | $1566 | $588 | $34 | $176 | $3,144 | $262 |
| Get Your Own Custom Quote Go | |||||||
Data variables include single male driver age 30, no speeding tickets, no at-fault accidents, $100 deductibles, and Oklahoma minimum liability limits. Discounts applied include safe-driver, homeowner, claim-free, multi-policy, and multi-vehicle. Table data does not factor in specific location which can affect price quotes greatly.
Rate comparison for different deductibles
A question often asked by Oklahoma City drivers is which deductible level should you buy. The comparisons below can help illustrate the cost difference when you choose different deductibles. The first rate comparisons uses a $100 physical damage deductible and the second set of prices uses a $500 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Viper SRT/10 2-Dr Coupe | $684 | $1566 | $448 | $26 | $134 | $2,883 | $240 |
| Viper SRT/10 2-Dr Roadster | $684 | $1566 | $448 | $26 | $134 | $2,883 | $240 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Viper SRT/10 2-Dr Coupe | $500 | $1058 | $448 | $26 | $134 | $2,166 | $181 |
| Viper SRT/10 2-Dr Roadster | $500 | $1058 | $448 | $26 | $134 | $2,166 | $181 |
| Get Your Own Custom Quote Go | |||||||
Data variables include married male driver age 30, no speeding tickets, no at-fault accidents, and Oklahoma minimum liability limits. Discounts applied include safe-driver, homeowner, multi-vehicle, multi-policy, and claim-free. Premium amounts do not factor in vehicle location which can alter price quotes greatly.
Based on the data above, we can derive that using a $100 deductible costs about $59 more each month or $708 a year averaged for all Viper models than choosing the higher $500 deductible. Because you would be required to pay $400 more to settle a claim with a $500 deductible as compared to a $100 deductible, if you have at a minimum 7 months between claims, you would probably be better off by going with a higher deductible.
Cost comparison with and without full coverage
The diagram below shows the difference between Dodge Viper annual premium costs with and without physical damage coverage. The costs are based on no accidents, no driving violations, $1,000 deductibles, single marital status, and no additional discounts are factored in.
When to eliminate full coverage
There is no exact formula that works best for making the decision to drop physical damage coverage on your policy, but there is a general guideline. If the yearly cost of comp and collision coverage is 10% or more of the replacement cost minus the deductible, then it could be time to drop full coverage.
For example, let’s assume your Dodge Viper claim settlement value is $9,000 and you have $1,000 deductibles. If your vehicle is totaled in an accident, the most you would receive is $8,000 after you pay the deductible. If you are paying over $800 a year for comprehensive and collision coverage, then you might consider buying liability only.
There are some conditions where removing full coverage is not a good idea. If you still have a loan on your vehicle, you have to keep full coverage in order to prevent the bank from purchasing higher-priced coverage. Also, if you cannot afford to purchase a different vehicle in the even your car is totaled, you should not opt for liability only.
Smart Consumers Know How to Quote Car Insurance for Less
Multiple criteria are used when pricing auto insurance. Some factors are common sense such as traffic violations, but other criteria are not quite as obvious such as your marital status or your vehicle rating. A large part of saving on car insurance is knowing some of the elements that come into play when calculating your policy premiums. If you understand what determines base rates, this allows you to make good choices that will entitle you to better car insurance rates.
Coverage lapses raise premiums – Allowing your coverage to lapse will be a quick way to bump up your car insurance costs. Not only will rates go up, getting caught without coverage may earn you a hefty fine and possibly a revoked license. Then you may be required to submit proof of financial responsibility or a SR-22 with the Oklahoma DMV.
Don’t get traffic citations – Attentive drivers receive lower rates as compared to careless drivers. Having a single speeding ticket or other violation can increase rates to the point where it’s not affordable. Drivers unfortunate enough to have severe tickets like DUI or willful reckless driving might be required by their state to file a SR-22 with their state motor vehicle department in order to legally drive.
The illustration below illustrates how violations and at-fault fender-benders impact Dodge Viper insurance premiums for different categories of driver ages. Data assumes a married female driver, comprehensive and collision coverage, $100 deductibles, and no other discounts are factored in.
Do you really need roadside assistance? – Insurance companies have many additional coverages that may not really be needed if you aren’t careful. Insurance for things like personal injury protection, better glass coverage, and membership fees are probably not needed. These coverages may sound good when deciding what coverages you need, but if you have no use for them consider taking them off your policy.
High performance equals high premiums – The make and model of the car or truck you need to insure makes a huge difference in your car insurance bill. The lowest premiums are usually for lower cost passenger cars, but the cost you end up paying is determined by many additional factors.
The next chart assumes a married male driver age 20, full coverage with $100 deductibles, and no discounts or violations. It compares Dodge Viper policy rates compared to other models of vehicles that have different performance rating factors.
Multiple policies with one company – The majority of companies will award better rates to customers who buy several policies from them, otherwise known as a multi-policy discount. This can amount to as much as ten percent or more Even though this discount sounds good, it’s in your best interest to get quotes from other companies to make sure you are getting the best deal.
Insurance losses for a Dodge Viper – Companies factor in historical loss data in order to profitably underwrite each model. Models that the data determines to have higher prevalence or dollar amount of losses will have a higher cost to insure. The table shown below demonstrates the loss history for Dodge Viper vehicles.
For each coverage category, the claim probability for all vehicles as a whole is considered to be 100. Numbers shown that are under 100 represent a good loss history, while values over 100 indicate frequent claims or an increased likelihood of larger losses.
| Vehicle Make and Model | Collision | Property Damage | Comp | Personal Injury | Medical Payment | Bodily Injury |
|---|---|---|---|---|---|---|
| Dodge Viper 2dr | 147 |
Empty fields indicate not enough data collected
Statistics Source: Insurance Institute for Highway Safety for 2013-2015 Model Years
Car insurance policy discounts for Dodge Viper insurance in Oklahoma City
Buying car insurance is not cheap, but discounts can save money and there are some available to reduce the price significantly. Many of these discounts will be applied automatically at the time you complete a quote, but once in a while a discount must be asked for before they will apply. If you don’t get every credit you qualify for, you’re paying more than you need to.
- Auto/Life Discount – Companies who offer life insurance give lower car insurance rates if you buy some life insurance too.
- Savings for New Vehicles – Insuring a new Viper is cheaper because newer vehicles keep occupants safer.
- Policy Bundle Discount – When you have multiple policies with the same company you may earn 10% to 20% off each policy.
- Payment Discounts – If you can afford to pay the entire bill rather than spreading payments over time you may reduce your total bill.
- Save with More Vehicles Insured – Having multiple cars or trucks on one policy could earn a price break for each car.
You can save money using discounts, but many deductions do not apply to the whole policy. Most only apply to the cost of specific coverages such as collision or personal injury protection. Despite the fact that it seems like all the discounts add up to a free policy, you won’t be that lucky.
The chart below illustrates the difference between Dodge Viper premium costs with and without discounts applied to the rates. The prices are based on a male driver, no driving violations, no at-fault accidents, Oklahoma state minimum liability limits, comprehensive and collision coverage, and $1,000 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with homeowner, marriage, multi-car, safe-driver, multi-policy, and claim-free discounts applied.
A list of car insurance companies and some of their more popular discounts are included below.
- GEICO may include discounts for good student, military active duty, multi-vehicle, five-year accident-free, driver training, and membership and employees.
- Auto-Owners Insurance may offer discounts for multi-policy, company car, student away at school, multiple vehicles, and safe vehicle.
- American Family may have discounts that include multi-vehicle, Steer into Savings, bundled insurance, early bird, air bags, TimeAway discount, and good student.
- Esurance offers discounts for online quote, Switch & Save, paid-in-full, renters, and defensive driver.
- Progressive offers discounts including continuous coverage, online signing, good student, online quote discount, multi-vehicle, and homeowner.
- State Farm has discounts for multiple autos, student away at school, passive restraint, anti-theft, good student, good driver, and accident-free.
- AAA offers premium reductions for good driver, education and occupation, good student, multi-policy, multi-car, pay-in-full, and anti-theft.
When getting free Oklahoma City car insurance quotes, it’s a good idea to every prospective company the best way to save money. Depending on the company, some discounts may not apply to policies in your area. To see a list of insurers that offer some of these discounts in Oklahoma City, click here.
Should I contact an agent?
Some people still like to have an agent’s advice and that is just fine! One of the benefits of getting online price quotes is that you can obtain cheap rate quotes but also keep your business local. Buying insurance from local insurance agents is definitely important in Oklahoma City.
By using this simple form, the coverage information gets sent to companies in Oklahoma City that provide free Oklahoma City car insurance quotes and help you find cheaper coverage. It makes it easy because there is no need to search for any insurance agencies since rate quotes are delivered directly to your email. You can most likely find cheaper rates AND a local agent. In the event you want to compare prices from one company in particular, you can always visit that company’s website and fill out their quote form.
Selecting a provider needs to be determined by more than just the quoted price. These are valid questions to ask:
- Will one accident increase rates?
- Are they able to provide referrals?
- Do you qualify for any additional discounts?
- What are their preferred companies if they are an independent agency?
- Has the agent ever had any license suspensions?
- Will their companies depreciate repairs to your car based on the mileage?
- Are they actively involved in the community?
How much insurance do I need?
When it comes to adequate coverage, there isn’t really a “perfect” insurance plan. Everyone’s needs are different so this has to be addressed.
For instance, these questions may help highlight whether your personal situation might need professional guidance.
- Why am I be forced to buy a membership to get insurance from some companies?
- Are my custom wheels covered?
- Does my policy pay for OEM or aftermarket parts?
- Where can I get insurance after a DUI in Oklahoma?
- What is PIP insurance?
- Should I rate my vehicle as business use?
- Can good grades get a discount?
- If I drive on a suspended license am I covered?
- How much liability do I need to cover my assets?
If it’s difficult to answer those questions but a few of them apply then you might want to talk to a licensed insurance agent. To find an agent in your area, simply complete this short form or you can go here for a list of companies in your area.
More quotes mean more insurance savings
When you buy Oklahoma City car insurance online, it’s very important that you do not reduce needed coverages to save money. There have been many cases where an insured dropped uninsured motorist or liability limits only to discover later that they should have had better coverage. The aim is to find the BEST coverage at the best possible price, but do not skimp to save money.
You just read many tips how you can compare Dodge Viper insurance prices in Oklahoma City. It’s most important to understand that the more rate quotes you have, the better chance you’ll have of finding inexpensive Oklahoma City car insurance quotes. Consumers may even find the lowest priced insurance comes from a company that doesn’t do a lot of advertising. Some small companies can often insure niche markets at a lower cost than their larger competitors like Progressive or GEICO.
Other articles
- Reducing Your Risks in a Car Crash Video (iihs.org)
- What Auto Insurance is Cheapest for a Honda CR-V in Oklahoma City? (FAQ)
- How Much are Car Insurance Rates for Nurses in Oklahoma City? (FAQ)
- Who Has the Cheapest Oklahoma City Auto Insurance for Good Students? (FAQ)
- Who Has the Cheapest Auto Insurance for Drivers Over Age 50 in Oklahoma City? (FAQ)
- Property Damage Coverage (Liberty Mutual)
- Car Insurance for Teen Drivers with Divorced Parents (Allstate)
- Drunk Driving Statistics (Insurance Information Institute)