Who Has the Cheapest Auto Insurance for Good Drivers in Oklahoma?

One of the more important components that helps car insurance companies calculate car insurance rates is where your home is located in Oklahoma. Areas with more people or even just a higher incidence of claims like Del City, Sand Springs, and Bethany are more likely to pay higher prices, whereas areas that are not as densely populated receive better rates.

The table below illustrates the most expensive places in Oklahoma for good drivers to purchase auto insurance in.

Information shown are approximated as the specific garaging location can increase or decrease premiums substantially.

The make and model of vehicle you are trying to insure is a significant factor that determines the availablility of the lowest-priced auto insurance for good drivers. Vehicles with higher performance, a lack of safety features, or a history of substantial liability claims will cost quite a bit more to insure than more modest models. The table below estimates auto insurance rates for a handful of the most budget-friendly automobiles to insure in Oklahoma.

Data assumes married male driver age 30, no speeding tickets, no at-fault accidents, $500 deductibles, and Oklahoma minimum liability limits. Discounts applied include safe-driver, homeowner, multi-policy, multi-vehicle, and claim-free. Rate quotes do not factor in specific location information which can impact insurance rates noticeably.

Based upon the table data, models like the Ford Escape, Dodge Grand Caravan, and Honda CR-V are going to be a few of the most budget-friendly vehicles to insure for safe drivers.

Comparison of full coverage and liability-only policies

Finding the cheapest car insurance for good drivers in Oklahoma is important to the majority of people, and one way to find cheaper insurance is to not buy full coverage. The chart below shows the difference between insurance rates with full physical damage coverage compared to only buying liability only. The premiums assume no violations or claims, $500 deductibles, single marital status, and no discounts are applied to the premium.

google.charts.setOnLoadCallback(drawFclqcibChart);function drawFclqcibChart() {var data = google.visualization.arrayToDataTable([[‘Age of Insured’, ‘Full Coverage with $500 Deductibles’, ‘Liability Only’],[‘Age 20’, 3587,1351],[‘Age 30’, 1889,741],[‘Age 40’, 1849,687],[‘Age 50’, 1685,643],[‘Age 60’, 1631,631],[‘Age 70’, 2007,845]]);var options = {title: ‘Savings of Only Insuring for Liability’,titleTextStyle: {color: ‘#333’,fontSize: 17,bold: true},width: ‘100%’,height: 500,’chartArea’: {left:100,top:50,’width’: ‘100%’, ‘height’: ‘70%’},legend: {position: ‘bottom’},colors: [‘#6791b9′,’#98bee2’],hAxis: {title: ‘Annual Auto Insurance Cost for Average Vehicle in Oklahoma’,minValue: 0,format: ‘$###,###’},vAxis: {title: ‘Age of Insured’}};var formatter = new google.visualization.NumberFormat({fractionDigits: 0,prefix: ‘$’});formatter.format(data,1);formatter.format(data,2);var chart = new google.visualization.BarChart(document.getElementById(‘qcibfcl’));chart.draw(data, options);}

If we average all the age groups together, comp and collision coverage costs an additional $2,108 per year over and above liability coverage. That raises the question if you should buy full coverage at all. There is no written rule to stop paying for physical damage coverage, but there is a general convention. If the annual cost of comprehensive and collision coverage is more than 10% of the vehicle’s replacement cost less your deductible, then it might be time to buy liability only.

There are a few cases where eliminating full coverage is not in your best interest. If you have an outstanding loan on your vehicle, you have to keep full coverage in order to satisfy the requirements of the loan. Also, if your emergency fund is not enough to purchase a different vehicle in the event your current vehicle is totaled, you should keep full coverage in place.

Get discount Oklahoma insurance rates

Auto insurance companies that offer the cheapest car insurance for good drivers in Oklahoma could also offer rate discounts that can lower rates by 35% or more if you meet eligibility requirements. A few popular companies and the discounts they provide are included below.

The example below visualizes the comparison of auto insurance rates with and without discounts applied to the premium. The rate quotes are based on a female driver, no claims or driving citations, Oklahoma state minimum liability limits, comp and collision included, and $1,000 deductibles.

The first bar for each age group shows the average rate with no discounts. The lower bar shows the rates with multiple policy, anti-theft, accident-free, claim-free, safe-driver, and vehicle safety discounts applied. When discounts are factored in, the average amount saved each year on insurance for good drivers is % or $.

google.charts.setOnLoadCallback(drawDiscqcibChart);function drawDiscqcibChart() {var data = google.visualization.arrayToDataTable([[‘Age of Insured’, ‘Female Driver No Discounts’, ‘Female Driver with Discounts’],[‘Age 20’, 2675,1923],[‘Age 30’, 1803,1303],[‘Age 40’, 1687,1221],[‘Age 50’, 1475,1065],[‘Age 60’, 1429,1033],[‘Age 70’, 1685,1213]]);var options = {title: ‘Effect of Discounts on Insurance Rates for Good Drivers’,titleTextStyle: {color: ‘#333’,fontSize: 17,bold: true},width: ‘100%’,height: 500,’chartArea’:{left:100,top:50,’width’: ‘100%’, ‘height’: ‘70%’},legend: {position: ‘bottom’},colors: [‘#c096ca’, ‘#e1b7ec’],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);var chart = new google.visualization.BarChart(document.getElementById(‘qcibdisc’));chart.draw(data, options);}

Progressive, Allstate, State Farm, or Geico: Who is cheapest?

When researching auto insurance for safe drivers in Oklahoma, four of the larger companies to compare rates for are Progressive, Allstate, State Farm, and Geico. The following table compares some of the different options and features that policyholders can buy.