While Oklahoma requires auto insurance, determining how much to purchase is ultimately your choice. Some drivers look for the lowest possible rates while others prioritize coverage levels that help protect their assets. Whatever you prefer, calculating how much car insurance you need in Oklahoma can help you strike a balance between cost and protection.
Oklahomans pay an average annual minimum-coverage auto insurance premium of $478 annually, significantly cheaper than the national average of $509. However, your exact premium rate depends on numerous factors, including driving history and coverage level; those with better driving records tend to experience reduced rates than those who don’t follow traffic rules as strictly.
Oklahoma drivers can opt for additional coverage such as comprehensive and collision insurance in addition to state-mandated bodily injury and property damage limits, providing extra help when it comes to vehicle damages that would otherwise have to be paid out-of-pocket without standard policies. Unfortunately, however, comprehensive and collision policies typically carry higher premiums.
If you’re seeking an economical policy option, considering minimum coverage could save up to 26% when compared with standard policies with only liability protection.
Oklahomans looking for low-cost minimum coverage providers should consider USAA (average monthly rate estimate of $20 or $243 annually), or State Farm as they both offer competitive rates that provide strong value for your dollar.
Other elements that determine auto insurance rates in Oklahoma are your age and driving history. Drivers aged 20 or under tend to pay the highest rates due to being considered riskier drivers; drivers with DUI-related convictions could see their premiums increase up to 26% at renewal time.
Your credit score can have an enormous effect on Oklahoma car insurance rates. Insurers use it to gauge risky customers like yourself and charge accordingly, so it is vital that you manage it responsibly in order to avoid incurring excessive premiums in future years. Ideally, keep on top of any debt issues or similar financial matters to maintain good credit standing and stay away from financial trouble altogether.
Oklahoma car insurance providers that excel are those that deliver competitive rates, flexible payment plans and custom features at an affordable cost. Insurify’s rate analysis gives an in-depth view into how Oklahoma’s major insurers set rates based on coverage levels and driver profiles; enter your ZIP code to uncover top providers in your area ranked by MoneyGeek as providing both cost-effective coverage with top quality service.