If you’re looking for cheap car insurance in Oklahoma, comparison shopping is key. Settling for the first quote you get could mean paying higher rates than necessary, so it’s wise to look at as many estimates as you can.
To make the shopping process easier, NerdWallet researched rates from the six largest insurers in the state and found the cheapest options for the following groups:
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Cheapest for good drivers
For drivers with no at-fault accidents, DUIs or moving violations.
Compared with other states, Oklahoma has relatively pricey rates for good drivers. The average quote among the three cheapest companies was $1,462 — the sixth most expensive “good driver” average in the country, according to NerdWallet research. State Farm had the best deal overall for this group, followed by Shelter Insurance and Allstate.
Cheapest for young drivers
For drivers in their early 20s.
Because those in their early 20s are usually just starting out financially, they have less to lose in a crash lawsuit than older motorists. Young drivers can select leaner policies as a result, which reduced their cost.
We looked at rates for young drivers carrying the minimum legal coverage amounts in Oklahoma. State Farm had the lowest average rate at $615 per year. That’s less than half the amount of the best deal we found for 30-year-old good drivers who had full coverage.
Cheapest for drivers with one at-fault crash
If you cause a car accident, your insurer typically has to pay for damage others incur. Your rates will probably spike at renewal time as a result, so this can be a good time to shop around.
State Farm was the cheapest option for this group by a decent margin. The company had a rate of $1,538 per year; its closest competitor, Oklahoma Farm Bureau, was more than $300 higher. Allstate rounded out the list of most affordable companies.
Cheapest for drivers with poor credit
For drivers placed in the “Poor Credit” tier.
Insurers tend to correlate poor credit with an increased likelihood of making claims. That explains why drivers with credit issues tend to face some of the highest rates around.
The lowest average rate we found for this group was $1,733 per year from Oklahoma Farm Bureau. That’s $382 higher than the cheapest rate we saw for good drivers with no credit problems, and almost $200 higher than the best deal we found for drivers with an at-fault crash. Shelter Insurance and State Farm were the next cheapest options, respectively, but with much higher prices than Oklahoma Farm Bureau.
Cheapest for retired drivers
For drivers in their mid- to late 60s who no longer use their car for commuting.
Retirees tend to drive far less than younger motorists who commute daily; they can find relatively cheap car insurance in Oklahoma.
We analyzed rates for drivers in their 60s who travel half as much in a year as the other groups. Shelter Insurance notched the cheapest rate at $888 per year. That’s $463 less than the best deal we found for motorists less than half that age who have a regular commute.
Cheapest for drivers with a military connection
If you’re a member of the military or a veteran — or have a family member who is — USAA is a good bet for finding cheap car insurance in Oklahoma. Although the company is unavailable to the general public, it ranked as one of the two cheapest options in every category above. USAA members also benefit from the company’s well-regarded customer service.
Minimum required auto insurance in Oklahoma
Oklahoma car insurance policies must include liability insurance, which helps pay for others’ property repairs or injury treatment if you cause an accident.
The minimum amounts your policy must include are:
- $25,000 bodily injury liability per person
- $50,000 bodily injury liability per incident
- $25,000 property damage liability per incident
While this is enough to drive legally, you may want more than the bare minimum. Check out NerdWallet’s guide to minimum car insurance requirements by state for details on other coverages you can add and how their limits work.
Alternative car insurance in Oklahoma
If poor credit, a spotty driving record or other factors are preventing you from getting auto insurance on the voluntary market, you may qualify for coverage through the Oklahoma Automobile Insurance Plan.
NerdWallet can also help you find cheap car insurance in Oklahoma. Use our car insurance comparison tool to see rates from top companies.
Here’s a summary of where you’ll find the cheapest insurance, by category:
Cheapest car insurance in Oklahoma
|Good drivers||State Farm|
|Young drivers||State Farm|
|Drivers with an at-fault crash||State Farm|
|Drivers with poor credit||Oklahoma Farm Bureau|
|Retired drivers||Shelter Insurance|
For most categories, NerdWallet averaged rates for 30-year-old men and women in 10 ZIP codes and with the following coverage limits:
- $100,000 bodily injury liability coverage per person
- $300,000 bodily injury liability coverage per crash
- $50,000 property damage liability coverage per crash
- $100,000 uninsured motorist bodily injury coverage per person
- $300,000 uninsured motorist bodily injury coverage per crash
- Collision coverage with $1,000 deductible
- Comprehensive coverage with $1,000 deductible
We used a 2013 Toyota Camry in all cases. Our sample retired driver was age 67 and drove 50% fewer annual miles than motorists in other groups. Our sample young driver was age 22 and carried the minimum required coverage levels. These are sample rates generated through Quadrant Information Services. Your own rates will be different.