How to Save on Oklahoma City Suzuki SX4 Insurance

It’s an obvious assumption that car insurance companies don’t want you to look for cheaper rates. Consumers who compare price quotes are highly likely to buy a new policy because there is a significant possibility of finding a cheaper policy. Surprisingly, a recent survey revealed that drivers who compared rate quotes regularly saved an average of $865 annually compared to drivers who never shopped for cheaper rates.

If finding the lowest price for auto insurance in Oklahoma City is your ultimate target, knowing the best way to quote and compare insurance coverage can help make the process easier.

The most effective way to find the cheapest price for Suzuki SX4 insurance is to regularly compare quotes from insurance carriers who sell auto insurance in Oklahoma City.

Step 1: Learn about auto insurance and the changes you can make to prevent expensive coverage. Many policy risk factors that drive up the price such as traffic violations and a low credit rating can be remedied by making lifestyle changes or driving safer. This article gives more information to prevent high prices and find more discounts that you may not know about.

Step 2: Obtain price quotes from direct, independent, and exclusive agents. Direct and exclusive agents can only quote rates from one company like GEICO or State Farm, while independent agencies can provide prices from multiple insurance companies.

Step 3: Compare the price quotes to your current policy to determine if switching companies saves money. If you can save money and switch companies, ensure coverage does not lapse between policies.

Step 4: Provide written notification to your current company of your intention to cancel your current coverage. Submit the completed application along with a down payment to your new insurance company. Once received, place the new certificate verifying proof of insurance in your vehicle’s glove compartment or console.

One piece of advice is to try to compare identical coverage information on each quote request and and to analyze as many companies as possible. This ensures an accurate price comparison and a complete selection of prices.

Affordable companies for Suzuki SX4 insurance in Oklahoma

The car insurance companies shown below are ready to provide free quotes in Oklahoma City, OK. If the list has multiple companies, we suggest you compare several of them to get the lowest price.

Rates and data analysis

The premium information shown next outlines a range of insurance policy prices for Suzuki SX4 models. Having a good grasp of how insurance premiums are established is important for drivers to make informed purchases.

Prices above based on married male driver age 40, no speeding tickets, no at-fault accidents, $1000 deductibles, and Oklahoma minimum liability limits. Discounts applied include homeowner, multi-policy, claim-free, safe-driver, and multi-vehicle. Rate information does not factor in the specific area where the vehicle is garaged which can impact premium rates noticeably.

Comparison of policy deductibles

When buying auto insurance, a common question is which comprehensive and collision deductibles to buy. The data tables below can help show the price difference of buying low and high policy deductibles. The first set of rates uses a $250 physical damage coverage deductible and the second price grid uses a $1,000 deductible.

Price data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Oklahoma minimum liability limits. Discounts applied include claim-free, multi-vehicle, homeowner, safe-driver, and multi-policy. Price estimates do not factor in vehicle garaging location which can change coverage rates greatly.

Based on this data, using a $250 deductible costs about $31 more each month or $372 a year averaged for all SX4 models than quoting the higher $1,000 deductible. Because you would pay $750 more if you turn in a claim with a $1,000 deductible as compared to a $250 deductible, if you normally go at a minimum 24 months between claim filings, you would probably be better off if you decide on a higher deductible. The illustration below shows an example of how you can make your own decision.

An important thing to remember is that raising deductibles to get cheaper rates means you will have to pay more out-of-pocket when you do file a claim. That will necessitate some non-essential savings in the event you need to pay more for the deductible.

The chart below demonstrates how choosing different deductibles and can increase or decrease Suzuki SX4 premium costs for different age groups. The prices are based on a married male driver, full physical damage coverage, and no discounts are factored in.

Bad driving habits will cost you more

The illustration below highlights how traffic violations and at-fault collisions influence Suzuki SX4 annual premium costs for different age groups. The information is based on a single male driver, comprehensive and collision coverage, $250 deductibles, and no policy discounts are applied.

Annual premiums for males versus females

The information below compares Suzuki SX4 insurance prices for male and female drivers. The data is based on no tickets, no at-fault accidents, full physical damage coverage, $100 deductibles, single status, and no discounts are factored in.

Comparison of full coverage and liability-only policies

The information below shows the difference between Suzuki SX4 insurance costs with and without physical damage coverage, medical payments, and uninsured/under-insured motorist coverage. The costs are based on no violations or accidents, $100 deductibles, single status, and no other discounts are factored in.

When to stop buying full coverage

There is no exact formula that is best for determining when to drop physical damage coverage, but there is a general guideline you can use. If the annual cost of having full coverage is more than about 10% of replacement cost minus your deductible, then you might want to think about dropping full coverage.

For example, let’s assume your Suzuki SX4 replacement value is $3,000 and you have $1,000 physical damage deductibles. If your vehicle is damaged in an accident, the most your company will settle for is $2,000 after paying your deductible. If you are paying more than $200 annually for comprehensive and collision coverage, then you may want to consider only buying liability coverage.

There are some circumstances where removing full coverage is not financially feasible. If you still owe a portion of the original loan, you are required to maintain full coverage in order to prevent the bank from purchasing higher-priced coverage. Also, if you can’t afford to buy a different vehicle in case of an accident, you should not buy liability only.

Car insurance policy discounts for Suzuki SX4 insurance in Oklahoma City

Auto insurance companies do not list every available discount very clearly, so we break down some of the more common and also the more inconspicuous credits that you can use to lower your rates.

• Multiple Cars – Purchasing coverage when you have multiple vehicles on a single policy can get a discount on all vehicles.
• Passive Restraints – Cars that have air bags or automatic seat belts may earn rate discounts of 20% or more.
• Safety Restraint Discount – Drivers who require all occupants to use a seat belt could cut 10% or more on the medical payments or PIP coverage costs.
• Federal Government Employee – Simply working for the federal government can earn a discount up to 10% with some car insurance companies.
• Discount for Swiching Early – A few companies give discounts for switching companies before your current expiration date. You can save around 10% with this discount.

As is typical with insurance, most of the big mark downs will not be given to the entire cost. A few only apply to the price of certain insurance coverages like comprehensive or collision. Even though it appears adding up those discounts means a free policy, companies wouldn’t make money that way.

The example below visualizes the comparison of Suzuki SX4 yearly insurance costs with and without discounts being applied to the rates. The information is based on a female driver, no accidents, no driving violations, Oklahoma state minimum liability limits, full coverage, and $250 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-policy, claim-free, safe-driver, marriage, homeowner, and multi-car discounts applied.

If you would like to view providers that offer some of these discounts in Oklahoma City, click here.

It’s not one size fits all

When buying insurance from an agent or online, there is no one-size-fits-all type of policy. Your financial needs are unique.

For example, these questions could help you determine if your insurance needs might need an agent’s assistance.

• Which companies will insure high-risk drivers?
• Will my Suzuki SX4 be repaired with OEM or aftermarket parts?
• Should I have a commercial auto policy?
• What is glass protection for?
• When should my teen driver be added to my policy?
• Should I rate my vehicle as business use?
• Does my car insurance cover rental cars?
• When should I drop full coverage on my Suzuki SX4?

If you can’t answer these questions, then you may want to think about talking to a licensed insurance agent. If you want to speak to an agent in your area, complete this form.

Comparing quotes from local Oklahoma City car insurance agents

A small number of people still like to sit down with an agent and doing so can bring peace of mind One of the best bonuses of comparing rates online is you can get lower rates and still have a local agent.

To help locate an agent, after submitting this form (opens in new window), the quote information is sent to local insurance agents who will give you quotes for your auto insurance coverage. You don’t have to find an agent because prices are sent immediately to your email address. It’s the lowest rates and a licensed agent to talk to. If for some reason you want to get a price quote from a specific auto insurance provider, feel free to navigate to their website and fill out their quote form.

Picking an insurer should include more criteria than just a cheap price. These questions are important to ask:

• Is assistance available after office hours?
• Do they get extra compensation for selling add-on coverages?
• Do they carry Errors and Omissions coverage?
• Does the company have a solid financial rating?
• Do you have coverage for a rental car if your vehicle is in the repair shop?

If you would like to find a reliable agent, you must know there are a couple types of agencies and how they are distinctly different. Oklahoma City agents are either exclusive or independent (non-exclusive).

Exclusive Agencies

Agents in the exclusive channel can usually just insure with one company and some examples include American Family, State Farm, and AAA. They generally cannot provide rate quotes from other companies so they have no alternatives for high prices. Exclusive agents receive extensive training on the products they sell which helps them compete with independent agents.

Listed below is a short list of exclusive insurance agencies in Oklahoma City that can give you rate quotes.

View more agents

Independent Auto Insurance Agents

Independent insurance agents do not work for one specific company and that allows them to write policies with any number of different companies and find the cheapest rate. If they find a lower price, they simply switch companies in-house and you can keep the same agent.

If you need cheaper auto insurance rates, you need to get insurance quotes from several independent agencies to ensure the widest selection of prices.

Shown below is a short list of independent agencies in Oklahoma City willing to provide rate quotes.

View more agents

Car insurance specifics

Knowing the specifics of your policy helps when choosing the right coverages and proper limits and deductibles. The terms used in a policy can be ambiguous and coverage can change by endorsement.

Collision coverage – This coverage pays for damage to your SX4 resulting from colliding with an object or car. You will need to pay your deductible then your collision coverage will kick in.

Collision can pay for things such as colliding with another moving vehicle, damaging your car on a curb, backing into a parked car and hitting a mailbox. Collision is rather expensive coverage, so consider removing coverage from older vehicles. Another option is to choose a higher deductible on your SX4 to get cheaper collision coverage.

Medical costs insurance – Coverage for medical payments and/or PIP provide coverage for bills for rehabilitation expenses, pain medications, hospital visits and dental work. They are often used to cover expenses not covered by your health insurance program or if there is no health insurance coverage. They cover both the driver and occupants in addition to being hit by a car walking across the street. PIP coverage is not available in all states but it provides additional coverages not offered by medical payments coverage

Liability auto insurance – Liability coverage will cover damage that occurs to a person or their property. It protects YOU against other people’s claims. It does not cover your injuries or vehicle damage.

Liability coverage has three limits: bodily injury per person, bodily injury per accident and property damage. You commonly see limits of 25/50/25 which stand for $25,000 in coverage for each person’s injuries, a per accident bodily injury limit of $50,000, and property damage coverage for $25,000.

Liability insurance covers things such as structural damage, court costs and pain and suffering. How much liability coverage do you need? That is up to you, but buy as large an amount as possible. Oklahoma requires minimum liability limits of 25/50/25 but you should consider buying more liability than the minimum.

The illustration below shows why low liability limits may not be high enough to adequately cover claims.

Comprehensive or Other Than Collision – Comprehensive insurance coverage pays to fix your vehicle from damage OTHER than collision with another vehicle or object. You first have to pay a deductible then the remaining damage will be covered by your comprehensive coverage.

Comprehensive can pay for claims like damage from flooding, a tree branch falling on your vehicle, theft, rock chips in glass and a broken windshield. The maximum payout you’ll receive from a claim is the ACV or actual cash value, so if the vehicle’s value is low it’s not worth carrying full coverage.

UM/UIM Coverage – Your UM/UIM coverage protects you and your vehicle’s occupants when other motorists do not carry enough liability coverage. Covered losses include injuries sustained by your vehicle’s occupants as well as your vehicle’s damage.

Due to the fact that many Oklahoma drivers have only the minimum liability required by law (Oklahoma limits are 25/50/25), it only takes a small accident to exceed their coverage. So UM/UIM coverage is a good idea.

Best auto insurance in Oklahoma

Insuring your vehicle with the right company is hard considering how many choices you have in Oklahoma. The information below could help you select which providers you want to consider purchasing from.

Top 10 Oklahoma City Car Insurance Companies Ranked by Customer Satisfaction

1. USAA – 91%
2. AAA Insurance – 90%
3. Esurance – 90%
4. Mercury Insurance – 89%
5. Nationwide – 89%
6. Travelers – 88%
7. Progressive – 88%
8. Safeco Insurance – 88%
9. State Farm – 88%
10. Allstate – 88%

Top 10 Oklahoma City Car Insurance Companies Overall

1. Travelers
2. USAA
3. Mercury Insurance
4. AAA Insurance
5. Nationwide
6. Allstate
7. State Farm
8. The Hartford
9. Safeco Insurance
10. Progressive

Be persistent to save money

Some insurance providers do not provide price quotes online and many times these regional insurance providers only sell coverage through independent agencies. Lower-priced Suzuki SX4 insurance in Oklahoma City can be sourced from both online companies in addition to local insurance agencies, so you need to compare both in order to have the best price selection to choose from.

As you go through the steps to switch your coverage, don’t be tempted to sacrifice coverage to reduce premiums. There have been many situations where an accident victim reduced uninsured motorist or liability limits and learned later that the small savings ended up costing them much more. Your focus should be to buy a smart amount of coverage at the best price, but do not skimp to save money.

Throughout this article, we presented many ideas to find cheap Suzuki SX4 insurance in Oklahoma City. The key concept to understand is the more times you quote, the more likely it is that you will get a better rate. Drivers may even discover the best car insurance rates are with an unexpected company.

For more information, feel free to visit these articles:

• Tread Depth and Tire Safety (State Farm)
• How Much is Oklahoma City Auto Insurance for a Dodge Ram? (FAQ)
• Who Has Cheap Auto Insurance for a Ford Escape in Oklahoma City? (FAQ)
• How Much are Auto Insurance Quotes for a Toyota Highlander in Oklahoma City? (FAQ)
• How Much are Auto Insurance Rates for Young Drivers in Oklahoma City? (FAQ)
• How Much are Auto Insurance Rates for a Jeep Grand Cherokee in Oklahoma City? (FAQ)
• How Much are Car Insurance Rates for a Learners Permit in Oklahoma City? (FAQ)
• Who Has Affordable Oklahoma City Auto Insurance Rates for a Chevrolet Silverado? (FAQ)
• Steps to Take After an Auto Accident (Insurance Information Institute)
• Medical Payments Coverage (Liberty Mutual)
• What is Full Coverage? (Allstate)
• Child Safety FAQ (iihs.org)