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Best Cheap Auto Insurance in Oklahoma for 2020

Jan. 2, 2020
Auto Insurance, Insurance
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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 11 largest insurers in the state and found the cheapest options for several driver groups.

» Are you a Tulsa-area resident? Find The Best Cheap Car Insurance in Tulsa

Cheapest for good drivers in Oklahoma

Oklahomans with good driving and credit histories may get the cheapest insurance from the following companies, ranked by their average rates for full coverage:

  1. Geico: $984 per year.
  2. American Farmers & Ranchers: $1,357 per year.
  3. Allstate: $1,557 per year.
  4. Progressive: $1,604 per year.
  5. Shelter: $1,607 per year.
Drivers with no recent accidents or violations can get cheaper car insurance rates for having good credit. For this calculation, NerdWallet averaged rates for 40-year-old men and women with a clean driving record and good credit. In terms of driving and credit history, a large portion of drivers are closest to this profile, which carries standard "full coverage" insurance, including comprehensive and collision, along with state-required coverage. Prices shown include a good driver discount, when available from the insurer.

» Live in Oklahoma City?: The Best Cheap Car Insurance in OKC

Cheapest for minimum coverage in Oklahoma

Drivers looking for minimum required auto coverage in Oklahoma may want to look at these auto insurers, which returned the lowest average rates for a bare-bones policy:

  1. Geico: $382 per year.
  2. American Farmers & Ranchers: $419 per year.
  3. State Farm: $539 per year.
  4. Oklahoma Farm Bureau: $676 per year.
  5. Progressive: $679 per year.
We calculated these numbers by averaging rates for 40-year-old good drivers (earning them a discount if the insurer offers one) who have only the minimum mandatory insurance in their state. Such light coverage isn't typically recommended since it might not cover all the bills resulting from a car accident, but it's better than nothing — especially if you can't afford much more. If you're looking for the cheapest possible insurance you can get, though, you'll still want to get car insurance quotes from at least three auto insurers.

Cheapest for good drivers with poor credit

For drivers in Oklahoma with blemished credit but spotless driving histories, these are the cheapest insurance companies we found, ranked by lowest average rate for full coverage:

  1. Geico: $1,455 per year.
  2. Oklahoma Farm Bureau: $1,919 per year.
  3. Equity: $2,035 per year.
  4. American Farmers & Ranchers: $2,114 per year.
  5. Allstate: $2,261 per year.
If you have a spotty credit history, it's important to shop around to find the cheapest auto insurance rates you can. Poor credit can have a bigger effect on car insurance premiums than even a DUI conviction or a recent at-fault crash, but prices vary by insurer. To calculate these figures, NerdWallet averaged rates for 40-year-olds with a clean driving record and associated good driver discount, if the insurer offered one. They had poor credit as reported to their insurer, and standard "full coverage" car insurance.

Cheapest for drivers with one at-fault crash

Drivers looking for the cheapest auto insurance after an at-fault accident in Oklahoma might want to check out the following carriers, which had the lowest average rates for full coverage in this analysis:

  1. Geico: $1,741 per year.
  2. Oklahoma Farm Bureau: $2,079 per year.
  3. Allstate: $2,081 per year.
  4. State Farm: $2,170 per year.
  5. Equity: $2,214 per year.
After a relatively minor crash, some auto insurers will charge a lot more than others for coverage. To get these figures, we averaged rates for 40-year-olds with typical "full coverage" insurance and one recent at-fault crash costing $10,000 in property damage. Your rates will remain high for three to five years after you cause an accident or have a moving violation — and you still may be rejected for coverage from certain companies, including those above. If you fall into this category, be sure to shop for new insurance rates just after the three-year and five-year anniversaries of your infraction.

Cheapest insurance after a DUI in Oklahoma

These insurers, ranked by lowest average rate for full coverage policies, were the cheapest we found for Oklahomans with a recent DUI on their records:

  1. Geico: $1,954 per year.
  2. Allstate: $1,991 per year.
  3. Progressive: $1,992 per year.
  4. Equity: $2,214 per year.
  5. Farmers: $2,313 per year.
A conviction for driving under the influence, or DUI, generally results in higher auto insurance premiums than before. NerdWallet analyzed rates for 40-year-old drivers and standard “full coverage” car insurance with a recent DUI conviction to see which companies were cheapest. Be warned that you may be rejected for coverage, including from the companies listed above. Rates can vary by hundreds between carriers after a DUI, and some penalize for longer than others, so it’s important to shop around for the best available price right after you see a price hike and each year after that.

Cheapest insurance after a ticket in Oklahoma

Here are the cheapest auto insurers and average full coverage rates we found for Oklahoma drivers with a recent speeding ticket on their records:

  1. Geico: $1,319 per year.
  2. Allstate: $1,710 per year.
  3. American Farmers & Ranchers: $1,772 per year.
  4. State Farm: $2,030 per year.
  5. Oklahoma Farm Bureau: $2,079 per year.
Getting a speeding ticket will result in higher car insurance rates from most companies for three to five years. To see who has the cheapest rates, we calculated average car insurance rates for 40-year-old drivers with “full coverage” insurance and a recent ticket for speeding 16 mph over the limit. Though these larger companies were the cheapest we found on average, others may be cheaper for you, so be sure to get at least three quotes before deciding on a carrier.

Cheapest for couples and families in Oklahoma

Couples can save on insurance by marrying their auto policies with one company and unlocking multi-driver and multi-vehicle discounts. Those perks vary by company, so NerdWallet analyzed rates for couples with and without a teen driver on their policy to see which carriers offered the lowest rates. To make sure you’re getting the best price possible, shop and compare insurance quotes after any big life event, such as a marriage, big move or new teen driver on your policy.

Cheapest for a married couple in Oklahoma

For a husband and wife in Oklahoma with good credit and clean driving histories, here are the cheapest auto insurers we found and their average rates for full coverage on two vehicles:

  1. Geico: $1,421 per year.
  2. Allstate: $1,990 per year.
  3. Progressive: $2,002 per year.
  4. Shelter: $2,298 per year.
  5. American Farmers & Ranchers: $2,327 per year.
Couples who live together can save on auto insurance by combining policies, whether they are married or not, because they can earn multi-car and multi-driver discounts. Once they tie the knot, rates can dip further, but not because of discounts — insurers see married people as less risky and so charge them lower rates. Our hypothetical 50-year-old couple’s clean driving record also earns them both a good driver discount.

Cheapest for families with a teen in Oklahoma

For a married couple with a teen driver in Oklahoma, here are the cheapest auto insurers we found, ranked by lowest average rate full coverage on two vehicles:

  1. Geico: $2,434 per year.
  2. Allstate: $3,413 per year.
  3. Progressive: $3,453 per year.
  4. American Farmers & Ranchers: $3,867 per year.
  5. Shelter: $4,683 per year.
Adding a teen with two years’ driving experience to a married couple's policy is sure to cause a big jump in rates. Since different insurers tend to see a teen’s inexperience in different ways, we analyzed rates to see which companies had the cheapest car insurance for teens. These rates are averaged for 50-year-old couples with male and female 18-year-old drivers.

Cheapest for young drivers in Oklahoma

Drivers in their 20s tend to have higher insurance rates than their more experienced counterparts, but our analysis indicates they can overcome that by shopping around to find the cheapest company. We looked at rates for 25-year-old drivers in Oklahoma in the same categories as our base driver above. While Geico tended to be cheapest in every case, others that made the cut were more mixed.

Cheapest full coverage for young good drivers

Here are the lowest average insurance rates and companies providing them for young Oklahomans with good credit and clean driving histories:

  1. Geico: $938 per year.
  2. American Farmers & Ranchers: $1,502 per year.
  3. Allstate: $1,635 per year.
  4. Progressive: $1,703 per year.
  5. State Farm: $1,875 per year.
Drivers in their 20s can have a hard time finding cheap car insurance, and that's even truer when they need full coverage. The rates above are averages for 25-year-old male and female drivers with comprehensive and collision coverages, which are often required for drivers with active auto loans or leases. These rates reflect a good driver discount. Young drivers, like all drivers, should check several quotes to find the cheapest for the coverage levels they need.

Cheapest minimum coverage for young good drivers

For young drivers seeking minimum required coverage in Oklahoma, the following companies returned the cheapest average rates:

  1. Geico: $362 per year.
  2. American Farmers & Ranchers: $475 per year.
  3. State Farm: $557 per year.
  4. Progressive: $685 per year.
  5. Allstate: $707 per year.
Since young people often have fewer assets to protect with liability insurance, they can usually get away with lower coverage limits. For an age group with relatively high insurance rates on average, that's good news, keeping rates as low as possible. For this price set, we averaged rates for 25-year-old male and female drivers who have clean driving records, good credit and bare-bones insurance coverage.

Poor credit and minimum coverage

For young drivers in Oklahoma with poor credit and clean driving histories, here are the cheapest auto insurers we found, ranked by average rate for minimum coverage policies:

  1. Geico: $496 per year.
  2. American Farmers & Ranchers: $736 per year.
  3. Equity: $790 per year.
  4. Oklahoma Farm Bureau: $912 per year.
  5. Allstate: $943 per year.
Poor credit is common for younger folks just starting out, who may still be building their credit files. That can increase rates further, so it's extra important to shop around and compare as many insurance quotes as possible to find the cheapest you can get. For these prices, we averaged rates for 25-year-old male and female drivers with no recent accidents or violations (earning them a good driver discount), minimum coverage car insurance, and credit in the "poor" tier as reported to an insurer.

Cheapest for minimum coverage after a crash

After an at-fault accident, here are the cheapest auto insurers we found in Oklahoma for young drivers, ranked by lowest average rate for minimum coverage policies:

  1. Geico: $580 per year.
  2. State Farm: $714 per year.
  3. American Farmers & Ranchers: $843 per year.
  4. Equity: $856 per year.
  5. Allstate: $895 per year.
To get prices for this group, we averaged rates for 25-year-old male and female drivers with good credit and a recent at-fault crash costing $10,000 in property damage. Since car insurance is often pricier after a crash, and especially so for young drivers, we assumed minimum required insurance in the state to contain costs for our hypothetical driver. Depending on your situation, you may still be rejected for coverage, including from the companies listed above. If you've caused a crash, no matter your age, be sure to check auto insurance quotes just after the third and fifth anniversaries of your incident, when insurers often adjust rates downward.

Cheapest for minimum coverage after a DUI

These are the cheapest car insurance companies we found for young drivers with a recent DUI and minimum coverage policies:

  1. Geico: $675 per year.
  2. Progressive: $820 per year.
  3. State Farm: $827 per year.
  4. Equity: $856 per year.
  5. Allstate: $858 per year.
Young drivers with a recent DUI on their records will need to be diligent to find the lowest car insurance rates they can get — it's likely that many companies' rates will be quite expensive. Depending on the circumstances, you may be rejected for coverage, including from the companies listed above. But spending the time to shop around for quotes can help you find the lowest price from a company available to you. For this analysis, we averaged rates for male and female 25-year-old drivers with a recent DUI conviction. They had good credit and minimum required car insurance, which helps keep rates down.

Cheapest for minimum coverage and a ticket

Here are the lowest average rates and companies supplying them in Oklahoma for young drivers with a recent speeding ticket:

  1. Geico: $439 per year.
  2. American Farmers & Ranchers: $628 per year.
  3. State Farm: $652 per year.
  4. Allstate: $760 per year.
  5. Equity: $818 per year.
Getting a speeding ticket is never fun, and neither is the higher car insurance bill you may receive months later. At that point, it's time to shop around for better rates, and it wouldn't hurt to repeat on your third and fifth ticket anniversaries, when insurers may adjust rates downward. We analyzed rates for 25-year-old male and female drivers with a recent speeding violation for going 16 mph over the speed limit to see prices for this group.

Cheap for military families

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. The company is unavailable to the general public, so we don’t rank it against the others, but it was among three cheapest options in about three-fourths of the categories above.

» MORE: Best Car Insurance Companies for Active Military and Veterans

Recap: Cheapest car insurance in Oklahoma

  • Good drivers: Geico
  • Minimum coverage: Geico
  • Poor credit: Geico
  • After an at-fault crash: Geico
  • After a DUI: Geico
  • After a speeding ticket: Geico
  • Married couples: Geico
  • Families with a teen: Geico
  • Young good drivers: Geico
  • Minimum coverage for young good drivers: Geico
  • Minimum coverage for young drivers with poor credit: Geico
  • Minimum coverage for young drivers after a crash: Geico
  • Minimum coverage for young drivers after a DUI: Geico
  • Minimum coverage for young drivers after a ticket: Geico

» MORE: Compare car insurance

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.

Methodology

For our “good driver” profile, NerdWallet averaged rates from the largest insurers in the state for 40-year-old men and women in all ZIP codes with 12,000 annual miles driven. The policy includes:

  • $100,000 bodily injury liability per person.
  • $300,000 bodily injury liability per accident.
  • $50,000 property damage liability per accident.
  • $100,000 uninsured motorist coverage per person.
  • $300,000 uninsured motorist coverage per accident.
  • Collision coverage with a $1,000 deductible.
  • Comprehensive coverage with a $1,000 deductible.
If required, minimum additional coverages were added and "good driver" discounts were automatically applied. Our “young driver” had all the same characteristics, but average rates were for 25-year-old men and women. We used a 2016 Toyota Camry LE for all single drivers. We used the same assumptions for all other driver profiles, with the following exceptions:

  • For drivers with minimum coverage, we adjusted the numbers above to reflect minimum required coverage by law in the state.
  • We changed the credit tier from “good” to “poor” as reported to the insurer to see rates for drivers with poor credit.
  • For drivers with one at-fault crash, we added a single at-fault crash costing $10,000 in property damage.
  • For drivers with a ticket, we added a single speeding violation for driving 16 mph over the speed limit.
  • For drivers with a DUI, we added a single drunken driving violation.
Couples in our analyses were 50-year-old men and women with good credit and clean driving histories, averaged across all ZIP codes with the same policy outlined above. To see rates for families with a teen, we added an 18-year-old licensed two years ago, averaging rates for male and female teens. For couples and families we added a 2016 Nissan Rogue S to create a two-car household.

In all cases, a paperless discount, e-signature discount and electronic funds transfer discount were automatically applied. These are rates provided by Quadrant Information Services. Your own rates will be different.