When the topic is auto insurance, the word cheap really should not be used anywhere in the article to describe car insurance prices. Nonetheless, cheap auto insurance for college students is not always easy to find. But don’t despair, because we are going to tell you how you can find and buy car insurance that works with your budget.
One of the many criteria used to calculate the policy price is your address in Oklahoma. Regions with larger populations or more claims like Tulsa, Broken Arrow, and Del City tend to pay higher rates, whereas areas with lower vehicle theft rates and fewer weather claims benefit from having to pay less for coverage.
The table below ranks the most costly cities in Oklahoma for college students in which to buy car insurance.
Rank | City | Average Per Year |
---|---|---|
1 | Tulsa | $2,259 |
2 | Bethany | $2,223 |
3 | Broken Arrow | $2,216 |
4 | Oklahoma City | $2,178 |
5 | Del City | $2,177 |
6 | Bixby | $2,169 |
7 | Sapulpa | $2,165 |
8 | Moore | $2,153 |
9 | Midwest City | $2,140 |
10 | Sand Springs | $2,139 |
11 | Edmond | $2,126 |
12 | Claremore | $2,069 |
13 | Owasso | $2,064 |
14 | Norman | $2,033 |
15 | Bartlesville | $2,000 |
16 | Yukon | $1,994 |
17 | Shawnee | $1,988 |
18 | Muskogee | $1,943 |
19 | Ardmore | $1,936 |
20 | Stillwater | $1,931 |
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Rate information is comparative as specific Oklahoma zip code can change auto insurance rates significantly.
The make and model of vehicle to be insured is probably the biggest factor when shopping for low-cost car insurance for college students. Vehicles with higher performance characteristics, poor safety ratings, or a track record of large liability claims will cost much more to insure than more economical and safe models.
The next table showcases insurance premiums for a selection of the more afforable vehicles to insure.
Vehicle Insured | Estimated Cost for Full Coverage |
---|---|
Honda Accord EX 4-Dr Sedan | $3,674 |
Honda CR-V LX 4WD | $3,681 |
Ford Escape Limited 2WD | $3,728 |
Hyundai Elantra SE Touring Station Wagon | $4,002 |
Chevrolet Traverse LTZ AWD | $4,056 |
Toyota Prius | $4,064 |
Ford F-150 XLT Crew Cab 2WD | $4,088 |
Toyota Highlander 2WD | $4,095 |
Hyundai Santa Fe GLS 2WD | $4,308 |
Chevrolet Impala LS | $4,318 |
Honda Odyssey EX | $4,308 |
Nissan Altima 2.5 4-Dr Sedan | $4,362 |
Toyota RAV4 2WD | $4,367 |
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Prices based on single male driver age 20, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Oklahoma minimum liability limits. Discounts applied include claim-free, and safe-driver. Price estimates do not factor in garaging location in Oklahoma which can lower or raise auto insurance rates greatly.
Based upon these rates, we can conclude that cars like the Honda Accord, Honda CR-V, and Ford Escape are going to be some of the less-costly vehicles to insure for students in college. The cost of a car insurance policy will be more expensive just due to the fact that there is more inherent risk for college students, but overall those specific models will probably have the best rates that you’ll find.
Deciphering which companies have the cheapest car insurance rates for college students will involve a bit more work in order to find the most economical policy.
Each auto insurer has their own process for determining rates in each state, so we need to take a look at the overall cheapest car insurance companies in Oklahoma. We do need to point out that Oklahoma car insurance rates are influenced by many factors which can substantially decrease or increase the policy premium. Getting older, getting divorced, or getting a reckless driving citation can produce rate changes that can cause some rates to be much cheaper than others.
Best Car Insurance Prices for College Students
Rank | Company | Cost Per Year |
---|---|---|
1 | USAA | $1,185 |
2 | Oklahoma Farmers Union | $1,202 |
3 | The Hartford | $1,319 |
4 | GEICO | $1,340 |
5 | Farmers | $1,394 |
6 | Safe Auto | $1,419 |
7 | State Farm | $1,521 |
8 | Liberty Mutual | $1,797 |
9 | Travelers | $1,925 |
10 | OK Farm Bureau | $1,997 |
11 | Mercury | $2,033 |
12 | MetLife | $2,147 |
13 | Shelter | $2,173 |
14 | Home State | $2,214 |
15 | Progressive | $2,245 |
16 | Allstate | $2,448 |
17 | Safeco | $5,056 |
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USAA has some of the cheapest car insurance rates in Oklahoma at around $1,185 per year. Oklahoma Farmers Union, The Hartford, GEICO, and Farmers also are some of the cheapest Oklahoma car insurance companies.
As illustrated above, if you currently have coverage with The Hartford and switched to USAA, you may see annual savings of around $134. Policyholders with GEICO could save as much as $155 a year, and Farmers insureds might realize rate reductions of up to $209 a year.
Understand that those premiums are averaged across all insureds and vehicles and and are not calculated with a price surcharge for college students. So the auto insurance company that fits you best may not even be featured in the list of companies above. That point stresses why you need to compare prices as often as possible using your own personalized driver profile and vehicle information.
Ending up with the top auto insurance provider is difficult considering how many companies provide coverage in Oklahoma. The information shown next may help you pick which car insurance companies to look at comparing rates with. These ratings are for companies who write in the majority of U.S. states, so companies that focus mainly on Oklahoma business are not included in this list.
Company | Value | Customer Service | Claims | Customer Satisfaction | A.M Best Rating | Overall Score |
---|---|---|---|---|---|---|
Travelers | 93 | 98 | 99 | 88% | A++ | 95.1 |
USAA | 83 | 99 | 100 | 91% | A++ | 94.1 |
Mercury Insurance | 97 | 96 | 88 | 89% | A+ | 93.4 |
AAA Insurance | 91 | 95 | 92 | 90% | A | 93.3 |
Nationwide | 85 | 95 | 97 | 89% | A+ | 92.4 |
Allstate | 77 | 100 | 97 | 88% | A+ | 90.7 |
State Farm | 80 | 94 | 96 | 88% | A++ | 90.6 |
The Hartford | 88 | 93 | 91 | 87% | A+ | 90.4 |
Safeco Insurance | 91 | 95 | 85 | 88% | A | 90.2 |
Progressive | 88 | 94 | 83 | 88% | A+ | 90.1 |
American Family | 91 | 86 | 95 | 83% | A | 89.7 |
Esurance | 86 | 90 | 94 | 90% | A+ | 89.5 |
The General | 86 | 93 | 89 | 84% | A- | 88.2 |
GEICO | 79 | 89 | 95 | 87% | A++ | 87.8 |
21st Century | 86 | 82 | 90 | 84% | A | 86.4 |
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Data Source: Insure.com Best Car Insurance Companies
When it comes to car insurance for students in college in Oklahoma, the four most popular companies are Progressive, Allstate, Geico, and State Farm. If you put them all together, they insure nearly half of the entire U.S. market share. The data below ranks some of the different options .
Progressive | Allstate | Geico | State Farm | |
---|---|---|---|---|
Overall Cost | 3rd | 4th | 1st | 2nd |
Customer Satisfaction | 3rd | 2nd | 1st | 4th |
Claims Service | 4th | 1st | 3rd | 2nd |
Discounts Available | 4th | 1st | 2nd | 3rd |
Mechanical breakdown insurance | Yes | No | Yes | No |
Emergency roadside service | Yes | Yes | Yes | Yes |
Uber and Lyft insurance | Yes | Yes | Yes | Yes |
Rate for vehicle usage | Yes | Yes | No | Yes |
New car replacement coverage | No | Yes | No | No |
Accident forgiveness coverage | Yes | Yes | Yes | No |
Available in Oklahoma | Yes | Yes | Yes | Yes |
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It is possible to find better rates, and here are some thrifty ideas that can help you quote lower-cost car insurance.
That last tip is incredibly necessary, as we noted in this piece. Prices charged by car insurance companies can change considerably in a year, so drivers shouldn’t hesitate to buy a policy from a new company if a cheaper price is available.
Having a favorite company is fine, but we do not recommend it if that loyalty ends up costing a small fortune year after year. In just a few minutes you could shop around and find cheaper car insurance for college students.
There are many different ways to find cheap car insurance in Oklahoma, but the most prevalent ways are using an independent agent, an exclusive insurance agent such as Allstate or Auto-Owners, or from a direct company like Progressive or Geico. You can use whichever you prefer, but car insurance buyers need to understand the differences in how they work.
Independent agencies can place your business with multiple companies and can provide price quotes from all of them. Agents of this type are not employed by only one company and can provide you with more rates, which can help you get a better comparison. If your premiums go up, your policy can be easily switched to a different company and you don’t have to find a new agent.
Exclusive agents are limited to one company, for example a State Farm or Farmers agent. Exclusive agents are unable to place coverage with different providers, so they have to upsell other benefits.
Car insurance from a direct company means you skip a local insurance agent and instead shop direct either online or via phone. Shopping direct may be preferred by families who do not have a complex risk profile and have some degree of understanding of how their policy works.
What is the best method to find cheap car insurance for college students in Oklahoma? It would be premature to say buying direct results in the cheapest rates since it doesn’t require paying agent commissions, but unfortunately, it’s not that cut and dried. A valid argument could also be made that an independent agency is the best way since they can provide multiple quotes, but again, it’s not necessarily true. For the right applicant, the exclusive agents may have very competitive prices that are the cheapest.
Since car insurance prices are based on many different factors, the best method to ensure you are not overpaying is to obtain price quotes and compare them. Money-saving experts recommend you get prices from all three types to have enough rates to compare. For a list of companies with cheap rates in Oklahoma, click here to view.