Who Has the Cheapest Car Insurance for High School Students in Oklahoma?

You have most likely seen the catchy advertisements from auto insurance companies like GEICO and Farmers that make promises of enormous savings. So you should just pick one randomly, right?

Unfortunately, it’s just not that easy, as there are a whole bunch of unknown aspects like if you just need liability coverage, your age, the level of deductible you choose, and your marital status, that all go into determining the rate you pay. In this article, we will cover the things that influence insurance rates and educate you enough to have a good beginning to your search for cheaper coverage.

Finding decent, low-priced car insurance is challenging, and determining which companies offer the most affordable insurance rates for high school students may require even more rate comparisons. Insurance prices could be much higher than the average price in Oklahoma attributed to the extra risk associated with selling insurance for teenagers, but reasonably-priced coverage should be achievable with a little diligence. Every insurance company has their own formula for filing rates in each state, so let’s take a look at the insurance companies with the overall best prices in Oklahoma.

We do need to point out that Oklahoma insurance rates are impacted by many factors that may substantially change the cost of having a policy. Things like getting older, moving across town, or getting a speeding ticket can trigger price changes that can now make some companies less affordable than competitors.

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USAA quotes some of the most affordable car insurance rates in Oklahoma at around $1,185 per year. Oklahoma Farmers Union, The Hartford, GEICO, and Safe Auto also are some of the lowest-priced Oklahoma auto insurance companies.

In the above example, if you are currently insured with GEICO and switched to Oklahoma Farmers Union, you could earn an annual premium reduction of in the vicinity of $192. Customers with Safe Auto might save as much as $203 a year, and Farmers customers might realize rate reductions of up to $220 a year.

These policy rates are averages for all types of insureds and vehicles and do not factor in a rate surcharge for high school students. So the company that is best suited for you may not even be in the list of companies above. That is why you need to compare as many prices as possible using your own driver and vehicle profiles.

When shopping for car insurance for teenagers, one of the many criteria used to establish the amount you pay each year for auto insurance is where you live in Oklahoma. Densely populated urban areas like Del City, Oklahoma City, and Midwest City are more likely to pay higher prices, whereas less populated areas have the benefit of cheaper auto insurance prices.

The table below rates the more expensive cities in Oklahoma for high school students to buy auto insurance in.

Prices are approximated as the specific area where the vehicle is garaged can revise auto insurance rates considerably.

Liability-only versus full coverage

Finding the cheapest car insurance for high school students in Oklahoma is the goal of most drivers, and an effective way to pay lower rates for insurance is to buy liability only. The information below shows the difference between annual premium costs with full physical damage coverage compared to only buying liability only. The data assumes no accidents, no driving violations, $1,000 deductibles, marital status is single, and no discounts are taken into consideration.

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If averaged for all ages, full coverage on your policy costs an additional $2,538 per year more than buying just liability insurance. At some point, almost every driver questions if buying full coverage is a good investment. There is no set guideline to exclude physical damage coverage on your policy, but there is a general school of thought. If the yearly cost of full coverage is more than 10% of the vehicle’s replacement cost less your deductible, then it’s probably a good time to buy liability coverage only.

There are some circumstances where buying only liability insurance is not in your best interest. If you haven’t satisfied your loan, you are required to maintain full coverage in order to keep the loan. Also, if your finances do not allow you to purchase a different vehicle if your current one is totaled, you should maintain full coverage.

Finding a high-quality auto insurance provider can be rather challenging considering how many different insurance companies sell coverage in Oklahoma. The company ratings shown next could help you pick which companies to look at shopping prices with.

The ratings below only include the largest companies in the United States, so companies without a large exposure are not factored into the list. To compare prices from these top-rated insurers and more, just click here.

Which auto insurance company is best?

When buying auto insurance for teenagers in Oklahoma, four companies to take a look at are Progressive, Geico, Allstate, and State Farm. The data below rates some of the ratings and options that may be available in Oklahoma.