Best Cheap Auto Insurance for Uninsured Drivers in Oklahoma

One of the many criteria used to determine the policy price is where you keep your car in Oklahoma. Cities with larger populations or higher claim trends like Tulsa, Oklahoma City, and Sand Springs tend to pay higher rates, whereas areas with less people or fewer weather incidents have the benefit of cheaper auto insurance prices.

The information below sorts the highest-priced places in Oklahoma for uninsured drivers to purchase auto insurance in.

Premium amounts are comparative as specific location information can alter prices greatly.

Finding reliable, budget insurance is difficult, and finding out which company offers the cheapest auto insurance rates for uninsured drivers requires even more perseverance. Every car insurance company uses a different method to set premium rates, so we need to take a look at the overall cheapest auto insurance companies in Oklahoma.

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USAA may have some of the lowest car insurance rates in Oklahoma at around $1,161 annually. Oklahoma Farmers Union, The Hartford, Safe Auto, and GEICO would also make the list of some of the lowest-priced Oklahoma car insurance companies.

As shown above, if you have coverage with Oklahoma Farmers Union and switched to USAA, you could earn savings of roughly $41. Oklahoma drivers with The Hartford may save as much as $212 a year, and Safe Auto insureds might lower prices by up to $216 a year.

To find the best cheap auto insurance for uninsured drivers in Oklahoma for your vehicle, click here to start your free quote or click through to the companies below.

Remember that these premium estimates are averaged for all drivers and vehicles and do not factor in a price decrease for uninsured drivers. So the company that has the cheapest price for you may not even be included in the above list. That helps illustrate why you need to get car insurance quotes using your own individual information.

The car, truck, or SUV you are insuring is a significant factor when comparing economical coverage for uninsured drivers. Vehicles with lots of speed or power, a lack of safety features, or an increased likelihood of liability claims will cost significantly more to insure than safer models. The information below shows insurance prices for a number of the cheaper automobiles to insure.

Table data assumes married male driver age 30, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Oklahoma minimum liability limits. Discounts applied include multi-vehicle, claim-free, homeowner, multi-policy, and safe-driver. Rate information does not factor in your specific Oklahoma location which can modify premiums substantially.

Looking at the numbers, you can figure that cars like the Toyota Prius, Honda CR-V, Ford Escape, Subaru Forester, and Chevrolet Malibu should be the most affordable vehicles to insure for drivers with no prior coverage.

Types of discounts on Oklahoma car insurance rates

Insurance companies that offer the best cheap auto insurance for uninsured drivers in Oklahoma may provide policy discounts that can lower rates by as much as 40% or more if you meet specific criteria. Larger auto insurance companies and a partial list of their discounts are detailed below.

• State Farm may offer discounts for Steer Clear safe driver discount, student away at school, safe vehicle, accident-free, Drive Safe & Save, defensive driving training, and driver’s education.
• Progressive offers discounts for homeowner, good student, multi-vehicle, multi-policy, online quote discount, continuous coverage, and online signing.
• Progressive has savings for online signing, multi-policy, homeowner, continuous coverage, and good student.
• MetLife may include discounts for defensive driver, accident-free, multi-policy, good driver, good student, claim-free
• Farm Bureau has discounts for renewal discount, driver training, multi-vehicle, 55 and retired, and youthful driver.
• GEICO offers discounts including membership and employees, five-year accident-free, multi-vehicle, emergency military deployment, federal employee, defensive driver, and anti-theft.
• SAFECO discounts include teen safe driver, teen safety rewards, anti-lock brakes, multi-car, safe driver, drive less, and bundle discounts.

The chart below shows the difference between insurance prices with and without policy discounts. The prices are based on a male driver, a clean driving record, no claims, Oklahoma state minimum liability limits, comprehensive and collision coverage, and $100 deductibles.

The first bar for each age group shows the price with no discounts. The second bar shows the rates with homeowner, accident-free, marriage, multiple vehicle, vehicle safety, and anti-theft discounts applied. When discounts are factored in, the the average yearly reduction on auto insurance for uninsured drivers is 28% or $973.

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Should you buy full coverage?

Finding the best cheap auto insurance for uninsured drivers in Oklahoma should be important to the majority of drivers, and one of the best ways to pay lower rates for insurance is to not buy comprehensive and collision coverage. The chart below illustrates the difference between auto insurance rates with and without physical damage coverage. The premiums assume a clean driving record, no claims, $1,000 deductibles, drivers are not married, and no discounts are applied to the premium.

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If averaged for all ages, full coverage costs an additional $2,504 per year more than carrying just liability coverage. That is a large expense which might make you wonder if buying full coverage is a good investment. There is no clear-cut formula of when to drop physical damage coverage, but there is a guideline you can consider. If the annual cost of having full coverage is more than about 10% of the settlement you would receive from your company, then you might want to think about dropping full coverage.

There are a few situations where only buying liability is not in your best interest. If you still owe a portion of the original loan, you have to maintain full coverage as part of the loan conditions. Also, if your emergency fund is not enough to purchase a different vehicle if your current one is in an accident, you should keep full coverage in place.

Geico, Progressive, Allstate, and State Farm compared

If you’re looking for the cheapest auto insurance for drivers with no prior coverage in Oklahoma, four good companies to start with are Geico, Progressive, Allstate, and State Farm. They all have your normal coverages like liability, comprehensive, and collision, but each one offers different optional coverages and features that you can choose from. The table below ranks pricing and service ratings, plus some optional coverages that policyholders can buy.