Cheapest Car Insurance for Good Students in Oklahoma

For student drivers, one of the more important considerations that is used by car insurance companies to determine rate quotes is where you normally keep your vehicle. Cities with more crime and/or more people like Del City, Midwest City, and Bixby tend to pay higher rates, whereas areas with lower crime rates and fewer weather claims have the enjoyment of a little cheaper coverage.

The information below lists the most expensive cities in Oklahoma for good students to purchase auto insurance in.

Prices are approximated as the specific Oklahoma residence address can alter insurance rates greatly.

The make and model of vehicle needing coverage is one of the largest considerations when comparing low-priced coverage for good students. Vehicles with limited speed and performance, an excellent safety record, or a positive history of liability claims will cost significantly less to insure than adrenaline junky models. The list below showcases insurance premiums for the most budget-friendly automobiles to insure in Oklahoma.

Data based on single female driver age 18, no speeding tickets, no at-fault accidents, $500 deductibles, and Oklahoma minimum liability limits. Discounts applied include safe-driver, and claim-free. Rate information does not factor in specific Oklahoma garaging location which can change prices considerably.

Based upon the rates shown, we can presume that models like the Ford Escape, Honda CR-V, Chevrolet Traverse, and Honda Accord are most likely going to be some of the less-costly vehicles to insure for student drivers.

Rate comparison of full coverage and liability-only

Finding the cheapest car insurance for good students in Oklahoma is probably important to the majority of drivers, and one way to buy cheaper insurance is to not insure for full coverage. The information below compares insurance costs with full coverage compared to only the Oklahoma minimum liability coverage. The costs are based on no accidents, no driving violations, $250 deductibles, single marital status, and no other discounts are factored in.

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On average, full coverage costs an additional $2,349 per year over and above liability coverage. That is a large expense and it proposes the question when is the right time to remove full coverage. There is no clear-cut formula for dropping full coverage, but there is a guideline you can consider. If the annual cost of having full coverage is more than around 10% of any settlement you would receive from your insurance company, then it might be time to buy liability only.

There are some conditions where only buying liability is not a good plan. If you have an outstanding loan on your vehicle, you have to maintain full coverage in order to keep the loan. Also, if you cannot afford to purchase a different vehicle in the event your current vehicle is totaled, you should not buy liability only.

State Farm vs Progressive vs Geico vs Allstate

When buying car insurance for student drivers, four companies to consider are State Farm, Progressive, Geico, and Allstate. Combined they make up 48.5% of the car insurance market in the United States. The table below compares pricing and service ratings, plus some optional coverages shoppers can expect to find with each one.