Cheapest Auto Insurance for High Risk Drivers in Oklahoma

One of the many considerations that is looked at to determine a rate quote is where you keep your vehicle in Oklahoma. Regions with larger populations or more claims like Tulsa, Broken Arrow, and Bethany tend to pay slightly more, whereas areas with lower vehicle theft rates and fewer weather claims generally benefit from lower auto insurance rates.

The following table rates the most costly cities in Oklahoma for high risk drivers to purchase car insurance in.

Rates are approximated as the specific Oklahoma residence address can impact price quotes significantly.

Determining which companies quote the cheapest insurance rates for high risk drivers will take a little more sweat than just picking a company at random. Every auto insurer uses different criteria for establishing rates, so we will examine the insurance companies that tend to have lower prices in Oklahoma.

It’s important to know that Oklahoma insurance rates are impacted by many things that can increase the cost of having a policy. Simply improving your credit, buying higher coverage limits, or getting caught speeding can cause premium changes resulting in some rates now being cheaper in comparison to the competition.

Cheapest Insurance Rates for Risky Drivers

Get a Free Quote and Save

Oklahoma Farmers Union generally has some of the most affordable car insurance rates in Oklahoma at around $1,166 a year. USAA, The Hartford, GEICO, and Safe Auto also rank well as some of the best Oklahoma car insurance companies.

As shown above, if you have coverage with GEICO and switched to Oklahoma Farmers Union, you could see a yearly price reduction of approxmiately $174. Drivers with Safe Auto could save as much as $197 a year, and Farmers customers might see rate reductions of $214 a year.

Understand that those rates are averages across all drivers and vehicles in Oklahoma and and are not calculated with a rate increase for high risk drivers. So the insurer that fits you best may not even be in the chart above. That is why you need to compare prices as often as possible using your own specific driver and vehicle information.

The car, truck, or SUV that needs insurance is probably the biggest factor that determines whether or not you find the cheapest auto insurance for high risk drivers in Oklahoma. Vehicles with average performance, good safety features, or a track record of few liability claims will cost much less to insure than adrenaline junky models. The next table showcases car insurance prices for a number of the most cost-effective vehicles to insure.

Premium data assumes married female driver age 30, two speeding tickets, two at-fault accidents, $500 deductibles, and Oklahoma minimum liability limits. Discounts applied include multi-vehicle, homeowner, and multi-policy. Estimates do not factor in zip code location which can increase or decrease coverage prices considerably.

Looking at the numbers, we can assume that makes and models like the Ford Escape, Honda Accord, Honda CR-V, and Chevrolet Traverse are the cheapest vehicles to insure for high risk drivers. The price of auto insurance will be more costly because there is more claim risk for high risk drivers, but in general those vehicles will tend to have the cheapest car insurance rates that you’ll find.

Poor driving habits will raise your insurance rates

One of the best ways to find cheap insurance prices for high risk drivers is to drive attentively and not get tickets or have accidents. The example below illustrates how violations and at-fault collisions can influence insurance costs for different age groups. The data is based on a single female driver, full physical damage coverage, $250 deductibles, and no policy discounts are applied.

google.charts.setOnLoadCallback(drawVioqcibChart);function drawVioqcibChart() {var data = google.visualization.arrayToDataTable([[‘Age of Insured’, ‘No Violations or Accidents’, ‘One Speeding Ticket and No Accidents’, ‘One Speeding Ticket and One Accident’],[‘Age 20’, 3619,3949,4869],[‘Age 30’, 2517,2847,3767],[‘Age 40’, 2333,2659,3583],[‘Age 50’, 2041,2369,3291],[‘Age 60’, 1971,2297,3223],[‘Age 70’, 2287,2615,3539]]);var options = {title: ‘Effect of Tickets and Claims on Oklahoma Auto Insurance Prices’,titleTextStyle: {color: ‘#333’, fontSize: 17, bold: true},width: ‘100%’,height: 600,’chartArea’: {left:100,top:50,’width’: ‘100%’, ‘height’: ‘70%’},legend: {position: ‘bottom’,textStyle: {fontSize: 12}},colors:[‘#b2da64′,’#eed355′,’#e39e71’],hAxis: {title: ‘Annual Auto Insurance Cost for Average Vehicle in Oklahoma’,minValue: 0,format: ‘$###,###’},vAxis: {title: ‘Age of Insured’}};var formatter = new google.visualization.NumberFormat({fractionDigits: 0,prefix: ‘$’});formatter.format(data,1);formatter.format(data,2);formatter.format(data,3);var chart = new google.visualization.BarChart(document.getElementById(‘qcibvio’));chart.draw(data, options);}

The chart shows that the average cost of an auto insurance policy in Oklahoma per year with no accidents and a clean driving record is $2,461. Get one speeding ticket and the average cost hikes up to $2,789, an increase of $328 each year. Then add one accident along with the one speeding ticket and the 12-month cost of insurance for high risk drivers goes up to an average of $3,712. That’s an increase of $1,251, or $104 per month, just for not driving carefully!

The example below demonstrates how choosing different deductibles can affect yearly insurance costs when trying to find cheap insurance for high risk drivers. The prices are based on a single male driver, full coverage, and no other discounts are factored in.

google.charts.setOnLoadCallback(drawDfdqcibChart);function drawDfdqcibChart() {var data = google.visualization.arrayToDataTable([[‘Age of Insured’, ‘$100 Deductible’,’$250 Deductible’,’$500 Deductible’,’$1,000 Deductible’],[‘Age 20’, 5951,5411,4829,4283],[‘Age 30’, 3023,2777,2497,2225],[‘Age 40’, 3017,2753,2457,2175],[‘Age 50’, 2741,2507,2243,1989],[‘Age 60’, 2653,2425,2173,1933],[‘Age 70’, 3233,2973,2689,2419]]);var options = {title: ‘Impact of Higher Deductibles on Insurance Premiums in Oklahoma’,titleTextStyle: {color: ‘#333’,fontSize: 17,bold: true},width: ‘100%’,height: 700,’chartArea’: {left:100,top:50,’width’: ‘100%’,’height’: ‘80%’},legend: {position: ‘bottom’,textStyle: {fontSize: 12}},bar: {groupWidth: ‘80%’},colors: [‘#6791b9′,’#75a8d8′,’#98bee2′,’#bad4ec’],hAxis: {title: ‘Annual Auto Insurance Cost for Average Vehicle’,minValue: 0,format: ‘$###,###’},vAxis: {title: ‘Age of Insured’}};var formatter = new google.visualization.NumberFormat({fractionDigits: 0,prefix: ‘$’});formatter.format(data,1);formatter.format(data,2);formatter.format(data,3);formatter.format(data,4);var chart = new google.visualization.BarChart(document.getElementById(‘qcibdfd’));chart.draw(data, options);}

A 50-year-old driver could save $498 a year by switching the physical damage coverage from a $100 deductible up to a $500 deductible, or save $752 by switching to a $1,000 deductible. Younger drivers, like the age 20 example, could potentially save as much as $1,668 or even more by choosing larger deductibles on their policy.

When increasing deductibles, it is essential to have plenty of money set aside to offset the extra out-of-pocket expense, which is the main disadvantage of using high deductibles.

Is the best company Allstate, Progressive, Geico, or State Farm?

If you’re looking for the best car insurance, the first places to look would be Allstate, Progressive, Geico, and State Farm. All four can cover your vehicle for liability and physical damage, but each one has slightly different options that you can select from. The following table breaks down price and claims rank as well as some different options that may be available in Oklahoma.