Cheapest Car Insurance Quotes for Lyft Drivers in Oklahoma

Comparing rates for reasonably-priced insurance is not always easy, and finding out which companies quote the most affordable insurance rates for Lyft drivers may require a little more work.

Each auto insurance company has a proprietary method for establishing rates, so to begin we’ll rank the most competitive insurance companies in Oklahoma. It’s important that you understand Oklahoma insurance rates are determined by lots of factors which can substantially decrease or increase the policy price. Taking a driver safety course, buying a safer car, or getting caught speeding can trigger price changes that can make some companies more expensive than competitors.

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Oklahoma Farmers Union may have some of the most affordable car insurance rates in Oklahoma at around $1,154 per year. USAA, The Hartford, Safe Auto, and GEICO also qualify as some of the most economical Oklahoma auto insurance companies.

As the rates illustrate above, if you currently have a policy with GEICO and switched to USAA, you could realize an annual premium reduction of about $220. Drivers with Farmers might save as much as $261 a year, and State Farm customers might reduce rates by $422 a year.

To get a fast rate comparison, click here to get quotes or feel free to get quotes from the companies below.

These policy rates are averages across all ages of drivers and types of vehicles and are not factoring in a rate discount for Lyft drivers. So the insurer that is best suited for you may not even be in the list of companies shown earlier. That emphasizes why you need to quote rates from many companies using your own personal information and vehicle type.

Cost and performance of the vehicle on the policy is one of the largest factors that determines if you can find economical insurance for Lyft drivers. Vehicles with lots of speed or power, poor passenger safety features, or a history of substantial liability claims will cost significantly more to insure than safer, lower-performance models. The data below estimates car insurance prices for the most economical automobiles to insure.

Data based on married male driver age 40, no speeding tickets, no at-fault accidents, $500 deductibles, and Oklahoma minimum liability limits. Discounts applied include multi-policy, claim-free, homeowner, multi-vehicle, and safe-driver. Rate information does not factor in zip code location which can influence premium rates considerably.

Data variables include married male driver age 40, no speeding tickets, no at-fault accidents, $500 deductibles, and Oklahoma minimum liability limits. Discounts applied include claim-free, multi-policy, homeowner, safe-driver, and multi-vehicle. Price information does not factor in vehicle location which can impact coverage rates substantially.

Prices based on married male driver age 40, no speeding tickets, no at-fault accidents, $500 deductibles, and Oklahoma minimum liability limits. Discounts applied include multi-vehicle, homeowner, safe-driver, claim-free, and multi-policy. Premium amounts do not factor in Oklahoma location which can modify coverage prices considerably.

When shopping for the cheapest insurance for Lyft vehicles, one of the many factors that is used by insurance companies to determine the price of your policy is where your home is located. Areas that are more densely populated like Bethany, Sand Springs, and Midwest City will most likely have higher rates, whereas areas with less congestion generally pay less for insurance.

The following table ranks the most expensive areas in Oklahoma for Lyft drivers in which to buy car insurance.

Price information shown is comparative as the specific area where the vehicle is garaged can affect rates noticeably.

Buying coverage from a highly-rated insurance company is difficult considering how many different companies sell coverage in Oklahoma. The information in the next section may help you pick which providers to look at when trying find the best insurance for Lyft drivers. These rankings only include companies who write in the majority of U.S. states, so smaller regional companies are not included in this list.

Top 10 Major Auto Insurance Companies Overall in Oklahoma

1. Travelers
2. USAA
3. Mercury Insurance
4. AAA Insurance
5. Nationwide
6. Allstate
7. State Farm
8. The Hartford
9. Safeco Insurance
10. Progressive

Top 10 Major Auto Insurance Companies in Oklahoma Ranked by Claims Service

1. Travelers
2. Allstate
3. Nationwide
4. State Farm
5. GEICO
6. Liberty Mutual
7. American Family
8. Esurance
9. AAA Insurance
10. The Hartford

The chart below shows how different deductible levels can influence premium costs when trying to find cheap insurance for Lyft drivers. The rates are based on a single male driver, full coverage, and no policy discounts are applied.

A 40-year-old driver could lower rates by $370 a year by changing their physical damage coverage from a $100 deductible up to a $500 deductible, or save $558 by switching to a $1,000 deductible. Youthful drivers, like the 20-year-old, can cut as much as $1,208 annually by using a higher deductible. If you do decide to increase your deductibles, it is necessary to have plenty of discretionary funds to satisfy the extra out-of-pocket expense, which is the primary disadvantage of high deductibles.

Is the best company Progressive, State Farm, Geico, or Allstate?

When shopping for car insurance for Lyft vehicles in Oklahoma, some of the first companies to look at are Progressive, State Farm, Geico, and Allstate. The data below ranks some of the different options and features that policyholders can buy.

Who has the cheapest insurance quotes for Lyft vehicles?

Due to technology, there are many ways to shop around for insurance in Oklahoma, but the most prevalent are through an exclusive insurance agent like Liberty Mutual or Allstate, an independent insurance agent, or direct either online or via phone. You can use whichever you prefer, but it’s important to understand the differences in how they price policies.

Independent agencies have contracts with multiple insurance companies and can provide price quotes from all of them. These agents are not limited to a single company and can quote rates with many companies, which can help you get the best chance of saving money. If they quote lower rates, it’s easy for the agent to move the policy and you won’t have to switch agencies.

An exclusive ageny is restricted to just one company, examples being an Allstate or Liberty Mutual agent. These agents usually cannot quote prices from more than just one company, so they have to upsell other benefits.

If you choose to buy insurance direct, you skip an agent and instead shop direct from companies such as Esurance or Geico. This option can be good for consumers who have an average risk profile and understand what coverages, limits, and deductibles they need.

When shopping for insurance, which way works best to find the cheapest car insurance for Lyft drivers in Oklahoma? We’d like to tell you buying direct results in the cheapest price because there is no agent taking a commission, but unfortunately, it’s not that simple. We could also assume that an independent agency is the best way to go since there are more companies to choose from, but again, that’s not a true statement. In the right set of circumstances, exclusive agencies have coverage prices that cannot be beaten by either independent or direct companies.

Since insurance rates vary so much, the best way to get rock-bottom rates is to get as many comparison quotes as possible. The best approach is to get prices from all three types to have the best selection of rates to choose from. For a list of companies with cheap rates in Oklahoma, click here to view.