Cheap Car Insurance for Drivers Over Age 50 in Oklahoma

Deciphering which company has the cheapest insurance rates for drivers over age 50 will involve a tad more effort in order to find the best price. Each company has a different formula to set their prices, so we’ll take a look at the most budget-friendly insurance companies in Oklahoma.

It’s a good idea to be aware that Oklahoma insurance rates are impacted by many things that can increase the policy price. Simply turning a year older, buying another vehicle, or getting into an accident may cause policy rate changes resulting in some rates now being cheaper than others.

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Oklahoma Farmers Union generally has some of the best car insurance rates in Oklahoma at around $1,154 per year. USAA, GEICO, The Hartford, and Safe Auto also rank well as some of the more affordable Oklahoma car insurance companies.

As illustrated above, if you buy coverage from The Hartford and switched to USAA, you could see a yearly savings of around $198. Drivers with Safe Auto might save as much as $202 a year, and Farmers customers might reduce rates by $233 a year.

If you want to see how much you could save, click here to start a quote or feel free to get quotes from the companies below.

These policy rates are averaged for all ages of drivers and types of vehicles and do not factor in a rate decrease for drivers over age 50. So the insurer that fits your situation best may not even be featured in the list above. That is why you need to compare rates from as many companies as possible using your own specific driver and vehicle information.

The make and model of vehicle you are insuring is a large factor when quoting cheap auto insurance for drivers over age 50 in Oklahoma. Vehicles with limited top-end speed, good crash test ratings, or low incidents of liability claims will cost quite a bit less to insure than adrenaline junky models. The information below presents auto insurance prices for a selection of the more afforable automobiles to insure in Oklahoma.

Above prices assume married male driver age 50, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Oklahoma minimum liability limits. Discounts applied include claim-free, safe-driver, multi-vehicle, homeowner, and multi-policy. Information does not factor in the specific area where the vehicle is garaged which can lower or raise auto insurance rates greatly.

Based on these rates, we can conclude that cars like the Honda CR-V, Ford Escape, Jeep Wrangler, Chevrolet Traverse, and Volkswagen Jetta will be some of the more affordable vehicles to insure for older drivers.

One of the many factors that is looked at to determine car insurance rates is the neighborhood you call home. More populated areas like Tulsa, Broken Arrow, and Sand Springs tend to have higher auto insurance costs, whereas less populated areas profit from lower rates.

The following table shows the most costly cities in Oklahoma for drivers over age 50 to purchase car insurance in.

Prices are estimated as the specific geographic location can decrease or increase premium rates considerably.

Discounts on cheap auto insurance for drivers over age 50 in Oklahoma

Car insurance companies that sell policies for drivers over age 50 may also offer discounts that may potentially lower prices by 35% or more if you qualify. Larger insurance companies and some of the discounts are included below.

• 21st Century offers premium reductions for air bags, teen driver, early bird, defensive driver, homeowners, and automatic seat belts.
• State Farm may offer discounts for driver’s education, defensive driving training, passive restraint, good driver, and multiple autos.
• AAA has savings for AAA membership discount, good driver, education and occupation, pay-in-full, and multi-policy.
• Liberty Mutual may include discounts for multi-policy, hybrid vehicle, good student, preferred payment discount, and new vehicle discount.
• Progressive offers discounts including homeowner, good student, multi-policy, multi-vehicle, online signing, online quote discount, and continuous coverage.

The chart below shows the comparison of insurance premiums with and without policy discounts. The rate quotes are based on a female driver, no claims or driving citations, Oklahoma state minimum liability limits, full coverage, and $500 deductibles.

The first bar for each age group shows the average annual price with no discounts. The lower bar shows the rates with vehicle safety, anti-theft, multiple policy, marriage, homeowner, and passive restraint discounts applied. When drivers take advantage of discounts, the the average amount saved on insurance for drivers over age 50 is 29% or $583.

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Allstate, State Farm, Geico, and Progressive: Who is best?

If you’re looking for the best auto insurance, four companies to consider are Allstate, State Farm, Geico, and Progressive. Combined they insure nearly half of all vehicles in the U.S.. All offer your standard physical damage and liability coverages, but each one has different features and discounts that buyers can choose from. The following table shows some of the different options that are available for buyers.