Cheap Car Insurance for 18 Year Olds in Oklahoma

Wouldn’t life be great if we could tell you that one perfect company that has the cheapest coverage for 18 year olds? It’s just not that simple, as there are many unknowns such as if you are married or single, the type of vehicle you drive, whether you are a man or a woman, and your age, that all impact the cost of coverage. We know insurance is not everyone’s favorite topic, but in this article we will cover the different ways you can keep rates low and also should give you some help in finding cheaper rates.

When shopping for cheaper car insurance for teen drivers, one of the many considerations that help determine the price you pay for insurance is the neighborhood you call home. Areas that are densely populated or have higher claim frequency like Tulsa, Broken Arrow, and Bethany likely pay more, whereas areas that are not as densely populated tend to receive cheaper rates.

The table below sorts the priciest cities in Oklahoma for 18 year olds to purchase auto insurance in.

Price information shown is comparative as the specific geographic location can affect coverage rates noticeably.

Trying to buy affordable insurance is tough enough, and determining which companies quote the most affordable car insurance rates for 18 year olds will involve even more shopping around. Policy rates will most likely be much pricier than the state average due to the added risk that comes with selling insurance for teen drivers, but competitive coverage may be achievable if you compare enough rates.

Each insurer has a unique approach to determine premium rates, so first we will examine the most budget-friendly car insurance companies in Oklahoma. It’s important to understand that Oklahoma car insurance rates are influenced by many factors which can substantially decrease or increase the policy price. This price variation is why it is important to shop around when trying to get the most budget-friendly auto insurance rates for 18 year olds. Rates are influenced by many factors and can increase or decrease at any time, so the most economical option the last time you compared rates may now be priced much higher than other options.

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USAA has some of the most affordable car insurance rates in Oklahoma at around $1,161 per year. Oklahoma Farmers Union, The Hartford, Farmers, and GEICO also are some of the best Oklahoma car insurance companies.

As the rates illustrate above, if you are a customer of The Hartford and switched to USAA, you could realize yearly savings of around $212. Oklahoma drivers with Farmers may save as much as $219 a year, and GEICO policyholders might reduce rates by $220 a year.

To find out how your current rates compare, click here to get a free quote or visit several of the following companies.

Be aware that those premiums are averaged across all drivers and vehicles and and are not figured with a price surcharge for 18 year olds. So the car insurance company that can offer the best rates for your situation may not even be shown in the rate chart shown above. That affirms the importance of why you need to get rate quotes from many companies using your own driver data and vehicle information.

The cost and performance of the vehicle requiring insurance is probably the largest consideration that determines whether or not you find cheap coverage for 18 year olds. Vehicles with lots of horsepower, poor crash test ratings, or an increased likelihood of liability claims will cost much more to insure than safer models. The data below shows coverage rates for some of the cheaper vehicles to buy coverage for.

Above prices assume single female driver age 18, no speeding tickets, no at-fault accidents, $1000 deductibles, and Oklahoma minimum liability limits. Discounts applied include claim-free, and safe-driver. Table data does not factor in your specific Oklahoma location which can revise price quotes substantially.

Data rating is based on single female driver age 18, no speeding tickets, no at-fault accidents, $1000 deductibles, and Oklahoma minimum liability limits. Discounts applied include safe-driver, and claim-free. Rates do not factor in specific location which can revise coverage prices significantly.

Data variables include single female driver age 18, no speeding tickets, no at-fault accidents, $1000 deductibles, and Oklahoma minimum liability limits. Discounts applied include claim-free, and safe-driver. Premium amounts do not factor in zip code location which can impact insurance rates noticeably.

Insurance rate increases from tickets or accidents

The recommended way to earn the best car insurance rates in Oklahoma for teen drivers is to be a cautious driver and avoid accidents and traffic citations. The example below demonstrates how citations and at-fault accidents drive up insurance premiums for different insured age categories. The data is based on a single female driver, comp and collision included, $250 deductibles, and no discounts are factored in.

In the previous chart, the average cost of an auto insurance policy in Oklahoma per year with no accidents or violations is $2,231. Receive one speeding ticket and the average cost hikes up to $2,530, an increase of $298 each year. Now add two accidents along with the one speeding ticket and the yearly cost of car insurance for 18 year olds increases to an average of $5,103. That’s an increase of $2,871, or $239 per month, just for not driving attentively!

The diagram below demonstrates how deductibles can affect insurance premiums when searching for cheap insurance for 18 year olds. The data assumes a married female driver, full coverage, and no policy discounts are applied.

In the chart above, a 30-year-old driver could pocket $480 a year by switching from a $100 deductible up to a $500 deductible, or save $724 by using a $1,000 deductible. Young drivers, such as the 20-year-old example, could drop their prices $1,024 or even more just by choosing larger deductibles. When insureds make the decision to increase the deductibles on their policy, it will be required to have plenty of discretionary funds to enable you to pay the extra out-of-pocket expense associated with higher deductibles.

How to get cheap auto insurance for 18 year olds in Oklahoma

The list below summarizes some of the recommended thrifty suggestions that can help you locate the cheapest auto insurance.

• Bundle home and auto and earn a discount
• Good credit can help you save money
• Serious violations like DUI or reckless driving can increase rates dramatically
• Higher physical damage deductibles lower rates
• Remain accident-free and save
• Try to remain claim-free
• Compare quotes from other companies often

The final tip is particularly necessary, as was noted in the article above. Rates can be changed at any time, so don’t be unwilling to switch carriers if you find a better deal.

Brand loyalty is great, but is isn’t recommended if that stubbornness costs you a fortune every year. It only takes a couple minutes to compare prices to find cheaper car insurance for 18 year olds.

Who has the cheapest insurance quotes for teen drivers?

Thanks to technology, there are a lot of ways to compare cheaper car insurance rates in Oklahoma, but the three most common ways are through an independent or non-exclusive agent, an exclusive insurance agent like Allstate or Liberty Mutual, or direct online or over the phone from a company like Progressive or Geico. Each way has the same basic process, but buyers need to know the differences in how they give price quotes.

Independent agents write for multiple companies and can provide price quotes from every one. These types of agents will provide you with more rates, which can help you get the best chance of saving money. If cheaper coverage is found, they simply move your policy to a different company which is easy for the insured.

An exclusive ageny is only able to give prices for a single company, two examples being a Farmers or Allstate agent. These agents are not able to provide rate quotes from other companies, so it’s a good idea to shop around.

The final way is buying direct, which means you forego local agents and buy direct either online or via phone. Buying direct is good for people who do not have a need for a risk management assessment and have a decent understanding of how car insurance works and possible exclusions.

So which method is best for finding cheap auto insurance for 18 year olds in Oklahoma? The majority of car insurance shoppers assume that buying from a direct car insurance company yields the cheapest rates since there isn’t an agent involved, but unfortunately, that is not always true. It could also be said an independent agency saves the most money due to increased selection, but that is not accurate either. In many circumstances, exclusive agencies have extremely competitive rates that are the cheapest.

Due to the fact that car insurance rates vary so much, the guaranteed way to ensure the lowest rates is to compare, compare, and compare some more. Take some time and get quotes from all three to give yourself plenty of rates to compare. A great place to start is our list of online companies offering discounts: click here to view.