Who Has the Cheapest Insurance Quotes for Used Cars in Oklahoma?

The vehicle that needs insurance is a large consideration when consumers are trying to find the cheapest insurance for used cars in Oklahoma. Vehicles with lots of horsepower, a lack of modern safety features, or an increased likelihood of liability claims will cost substantially more to insure than more modest models.

The lists below presents insurance premiums for the most budget-friendly vehicles to buy coverage for.

Premium data assumes married male driver age 50, no speeding tickets, no at-fault accidents, $1000 deductibles, and Oklahoma minimum liability limits. Discounts applied include safe-driver, homeowner, multi-vehicle, multi-policy, and claim-free. Price estimates do not factor in specific zip code location which can impact prices significantly.

Data based on married male driver age 50, no speeding tickets, no at-fault accidents, $1000 deductibles, and Oklahoma minimum liability limits. Discounts applied include multi-policy, homeowner, claim-free, safe-driver, and multi-vehicle. Estimates do not factor in the specific area where the vehicle is garaged which can lower or raise coverage prices noticeably.

Prices above based on married male driver age 50, no speeding tickets, no at-fault accidents, $1000 deductibles, and Oklahoma minimum liability limits. Discounts applied include multi-vehicle, safe-driver, multi-policy, homeowner, and claim-free. Price estimates do not factor in Oklahoma location which can decrease or increase insurance rates considerably.

Establishing which company offers the cheapest auto insurance rates for used cars calls for a bit more work in order to find the best policy. Each auto insurance company has their own process for setting prices, so we’ll take a look at the auto insurance companies that tend to be cheaper in Oklahoma.

Keep in mind that Oklahoma auto insurance rates are determined by lots of factors that can increase the price of your policy. Improving your credit rating, buying a different home, or having an at-fault accident can produce rate changes that can make some companies more affordable than before.

Cheap Insurance Rates for Used Cars

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USAA generally has some of the lowest car insurance rates in Oklahoma at around $1,196 annually. Oklahoma Farmers Union, The Hartford, GEICO, and Safe Auto also make the cut as some of the cheaper Oklahoma insurance companies.

In this example, if you are insured with GEICO and switched to USAA, you could see savings of in the neighborhood of $144. Oklahoma drivers with Safe Auto may save as much as $167 a year, and Farmers customers might see rate reductions of $226 a year.

To find the cheapest insurance for used cars in Oklahoma, click here to start a quote or visit any of the low-priced companies below.

Understand that those prices are averaged across all ages of drivers and types of vehicles and do not take into consideration a price discount for used cars. So the auto insurance company that fits your needs best may not even be in the list above. That helps illustrate why you need to get quotes using your own driver information and specific vehicle type.

Price comparison of only insuring for liability

Finding the cheapest insurance for used cars in Oklahoma is probably important to the majority of drivers, and a good way to buy cheap insurance is to not buy full coverage. The example below compares annual premium costs with full coverage compared to only the Oklahoma minimum liability coverage. The premiums are based on no violations or accidents, $250 deductibles, marital status is single, and no additional discounts are factored in.

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If we average the cost for all age groups, full coverage costs $3,141 per year over having just liability coverage. At some point, every insured wonders if paying for full coverage is a waste of money. There isn’t a written rule for excluding physical damage coverage, but there is a guideline you can consider. If the yearly cost of comp and collision coverage is about 10% or more of the replacement cost of your vehicle minus the policy deductible, the it may be a good time to stop paying for full coverage.

For example, let’s pretend your vehicle’s replacement value is $4,000 and you have $1,000 deductibles. If your vehicle is damaged in an accident, the most your company will settle for is $3,000 after paying the physical damage deductible. If it’s costing you more than $300 a year to have full coverage, then you might want to think about dropping full coverage.

Violations and accidents raise rates

The common sense way to get the cheapest insurance for used cars in Oklahoma is to be a cautious driver and maintain a clean driving record. The information below demonstrates how speeding tickets and at-fault claims can raise car insurance costs for different age groups. The premiums are based on a single male driver, full physical damage coverage, $500 deductibles, and no discounts are applied.

google.charts.setOnLoadCallback(drawVioqcibChart);function drawVioqcibChart() {var data = google.visualization.arrayToDataTable([[‘Age of Insured’, ‘No Violations or Accidents’, ‘One Speeding Ticket and No Accidents’, ‘One Speeding Ticket and Two Accidents’],[‘Age 20’, 4829,5189,8453],[‘Age 30’, 2497,2859,6117],[‘Age 40’, 2457,2817,6079],[‘Age 50’, 2243,2601,5863],[‘Age 60’, 2173,2535,5793],[‘Age 70’, 2689,3047,6311]]);var options = {title: ‘Effect of Violations and Accidents on Oklahoma Auto Insurance Prices’,titleTextStyle: {color: ‘#333’, fontSize: 17, bold: true},width: ‘100%’,height: 600,’chartArea’: {left:100,top:50,’width’: ‘100%’, ‘height’: ‘70%’},legend: {position: ‘bottom’,textStyle: {fontSize: 12}},colors:[‘#b2da64′,’#eed355′,’#e39e71’],hAxis: {title: ‘Annual Auto Insurance Cost for Average Vehicle in Oklahoma’,minValue: 0,format: ‘$###,###’},vAxis: {title: ‘Age of Insured’}};var formatter = new google.visualization.NumberFormat({fractionDigits: 0,prefix: ‘$’});formatter.format(data,1);formatter.format(data,2);formatter.format(data,3);var chart = new google.visualization.BarChart(document.getElementById(‘qcibvio’));chart.draw(data, options);}

In the example above, the average cost of a car insurance policy per year with no accidents and a clean driving record is $2,815. Add in one speeding ticket and the average cost rises to $3,175, an increase of $360 each year. Then throw in two accidents along with the one speeding ticket and the yearly cost of auto insurance for used cars goes up to an average of $6,436. That’s an increase of $3,621, or $302 per month, just for not being more responsible behind the wheel!

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

When it comes to car insurance for pre-owned vehicles in Oklahoma, four companies you’ll want quotes from are Geico, Allstate, Progressive, and State Farm. Combined they make up over 45% of all car insurance policies in America. The table below illustrates ratings for price and service, as well as some optional coverages that are available for policyholders.