Best Insurance for a Scion xB in Oklahoma City

Insurance quote for Scion xB in Oklahoma CityDo you want cheaper Scion xB insurance in Oklahoma City? If you’re searching for cheaper insurance online, are you confused by the wide range of insurance companies available to you? Drivers have so many companies available that it is more work than you anticipated to find lower premium rates on Scion xB insurance. Everyone knows that Oklahoma City is a great city to raise a family in, but expensive insurance rates makes it difficult to afford enough coverage.

How to save on Scion xB insurance in Oklahoma City

The preferred way to get affordable Scion xB insurance in Oklahoma City is to begin comparing prices regularly from insurance carriers who provide auto insurance in Oklahoma. Rates can be compared by completing these steps.

  1. Try to learn about how car insurance works and the things you can control to prevent rate increases. Many things that result in higher rates like inattentive driving and a negative credit score can be remedied by making lifestyle changes or driving safer.
  2. Get rate quotes from independent agents, exclusive agents, and direct companies. Exclusive and direct companies can only provide price estimates from a single company like Progressive and State Farm, while independent agents can quote rates from multiple companies. Find an Oklahoma City insurance agent
  3. Compare the new quotes to your existing coverage to determine if switching companies saves money. If you can save money and change companies, make sure the effective date of the new policy is the same as the expiration date of the old one.

An important bit of advice to remember is to compare identical coverages on each quote and and to look at as many carriers as you can. Doing this enables a level playing field and the best rate selection.

It’s hard to believe, but a large majority of drivers kept buying from the same company for a minimum of four years, and almost half have never compared rates to find cheap insurance. With the average premium in Oklahoma being $1,780, drivers could save themselves about 35% a year, but most undervalue how much money they would save if they swap their current policy for a cheaper one.

Finding the lowest-priced policy in Oklahoma City is not as hard as you may think. Nearly every driver who wants cheaper car insurance will more than likely be able to find better rates. But Oklahoma vehicle owners must comprehend the way insurance companies determine prices and use it to your advantage.

Just keep in mind that comparing a wide range of rates provides better odds of finding a lower rate than you’re paying now.

The auto insurance companies shown below provide price comparisons in Oklahoma City, OK. If the list has multiple companies, we suggest you compare several of them to get a more complete price comparison.

Insurance does more than just protect your car

Despite the high cost, paying for insurance serves several important purposes.

First, most states have minimum mandated liability insurance limits which means the state requires a specific minimum amount of liability in order to be legal. 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 your Scion xB has a loan, most banks will stipulate that you carry insurance to ensure they get paid if you total the vehicle. If the policy lapses, the lender may have to buy a policy to insure your Scion at a significantly higher premium and require you to fork over for the expensive policy.

Third, insurance protects both your Scion and your personal assets. Insurance will also pay for all forms of medical expenses for you, any passengers, and anyone injured in an accident. Liability coverage will also pay for a defense attorney if you cause an accident and are sued. If damage is caused by hail or an accident, collision and comprehensive (also known as other-than-collision) coverage will cover the repair costs.

The benefits of buying insurance are definitely more than the cost, particularly for liability claims. According to a recent study, the average American driver overpays as much as $850 per year so compare rate quotes once a year at a minimum to be sure current rates are still competitive.

Analysis of Scion xB rates

The rate information shown below covers a range of insurance premium costs for Scion xB models. Knowing how insurance quotes are calculated can assist in making informed decisions when comparing rate quotes.

Scion xB Insurance Rates in Oklahoma City, OK
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
XB 2WD $440 $572 $588 $34 $176 $1,810 $151
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Above prices assume single male driver age 30, no speeding tickets, no at-fault accidents, $100 deductibles, and Oklahoma minimum liability limits. Discounts applied include multi-policy, multi-vehicle, homeowner, safe-driver, and claim-free. Rates do not factor in specific location information which can lower or raise prices considerably.

Rate comparison for different deductibles

A question often asked by Oklahoma City drivers is which deductibles should you choose. The premium rates below may aid in understanding the difference in cost between high and low physical damage coverage deductibles. The first set of rates uses a $100 physical damage coverage deductible and the second price chart uses a $500 deductible.

Scion xB insurance premium estimates with $100 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
XB 2WD $386 $572 $448 $26 $134 $1,591 $133
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Scion xB insurance premium estimates with $500 deductibles
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
XB 2WD $282 $388 $448 $26 $134 $1,278 $107
Get Your Own Custom Quote Go

Above prices assume married male driver age 30, no speeding tickets, no at-fault accidents, and Oklahoma minimum liability limits. Discounts applied include safe-driver, claim-free, multi-policy, multi-vehicle, and homeowner. Table data does not factor in specific Oklahoma City garaging location which can change rates considerably.

Based on this data, we can arrive at the conclusion that using a $100 deductible costs roughly $26 more each month or $312 each year than selecting 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 tend to go more than 15 months between claim filings, you would probably come out ahead if you choose the higher deductible.

The diagram below highlights how deductible selection and can impact Scion xB insurance prices for each different age category. The price estimates are based on a married male driver, full coverage, and no discounts are factored in.

Irresponsible driving raises your rates

The chart below highlights how speeding tickets and at-fault fender-benders can influence Scion xB insurance prices for different age groups. Data assumes a single female driver, comp and collision included, $500 deductibles, and no discounts are taken into consideration.

Males versus Females

The chart below shows the difference between Scion xB insurance costs for male and female drivers. Data assumes no tickets, no at-fault accidents, full coverage, $250 deductibles, marital status is single, and no discounts are applied to the premium.

Do you need full coverage?

The diagram below compares Scion xB auto insurance costs with liability coverage only compared to full coverage. The rates are based on no claims or violations, $250 deductibles, marital status is single, and no additional discounts are factored in.

When to switch to liability coverage only

There isn’t a steadfast formula that is best for determining when to drop physical damage coverage, but there is a guideline you can use. If the annual cost of coverage is more than 10% of the replacement cost of your vehicle minus the policy deductible, then you may want to consider only buying liability coverage.

For example, let’s assume your Scion xB book value is $4,000 and you have $1,000 deductibles. If your vehicle is totaled, the most your company would pay you is $3,000 after the deductible is paid. If you are currently paying more than $300 a year for comprehensive and collision coverage, then you might consider buying liability only.

There are some cases where only buying liability is not financially feasible. If you still have a loan on your vehicle, you must maintain physical damage coverage as part of the loan requirements. Also, if your savings is not enough to buy a different vehicle if your current one is in an accident, you should keep full coverage.

Oklahoma City insurance discounts for a Scion xB

Some providers don’t always publicize all possible discounts in a way that’s easy to find, so below is a list a few of the more common and also the more inconspicuous credits available to you.Auto insurance discounts

Please keep in mind that most discounts do not apply to the entire policy premium. Most only cut specific coverage prices like medical payments or collision. Even though it may seem like it’s possible to get free car insurance, that’s just not realistic.

The example below illustrates the comparison of Scion xB insurance premiums with and without some available policy discounts. The premium estimates are based on a female driver, no tickets, no at-fault accidents, Oklahoma state minimum liability limits, full physical damage coverage, and $100 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with homeowner, multi-car, claim-free, marriage, safe-driver, and multi-policy discounts applied.

Popular auto insurance companies and some of the discounts can be read below.

When comparing rates, check with every prospective company the best way to save money. Some of the earlier mentioned discounts may not apply in Oklahoma City. If you would like to view companies with discount auto insurance rates in Oklahoma, follow this link.