In Oklahoma, the average annual cost for full coverage car insurance is $1,176, while minimum coverage is $508. These rates are $120 and $87 less, respectively, than the national average, making the Sooner State's auto insurance more affordable.
Average Cost of Car Insurance in Oklahoma
Updated: December 20, 2024
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Key Takeaways
In Oklahoma, drivers pay about 9% less for full coverage car insurance compared to the national average.
For minimum coverage, drivers in the Sooner State pay roughly 15% less than the national average.
Oklahoma's average cost of car insurance is $1,176 for full coverage and $508 for minimum coverage, making it one of the more affordable states.
How Much Is Car Insurance in Oklahoma?
| Full Coverage | $1,176 | $1,296 | -9% |
| State Minimum Liability Only | $508 | $595 | -15% |
Read More: Average Cost of Car Insurance
Oklahoma Car Insurance Rates by Coverage Level
In Oklahoma, the coverage level you pick changes your car insurance cost. If you get more coverage or raise your liability limits, your rate increases, but a bigger deductible can lower your premium. Here are the average costs for state minimum and full coverage in Oklahoma, with different deductibles and limits.
| 300/500/300 | Full Coverage | $1,488 | $500 |
| 100/300/100 | Full Coverage | $1,359 | $0 |
| 300/500/300 | Full Coverage | $1,305 | $1,000 |
| State Minimum | Full Coverage | $1,273 | $500 |
| 300/500/300 | Full Coverage | $1,212 | $1,500 |
| 100/300/100 | Full Coverage | $1,176 | $1,000 |
| State Minimum | Full Coverage | $1,090 | $1,000 |
| 100/300/100 | Full Coverage | $1,083 | $1,500 |
| State Minimum | Full Coverage | $997 | $1,500 |
| 300/500/300 | Liability Only | $723 | $0 |
| 100/300/100 | Liability Only | $594 | $0 |
| State Minimum | Liability Only | $508 | $0 |
Read More: Liability vs. Full Coverage Car Insurance
Average Oklahoma Car Insurance Cost by City
Car insurance rates in Oklahoma can differ based on crime, traffic and weather. Broken Arrow and Norman residents pay an annual full coverage rate of $1,033, while those in Oklahoma City and Tulsa pay $1,103 and $1,115, respectively. The table below compares these rates against the state average.
| Broken Arrow | $1,033 | -46% | $476 | -57% |
| Norman | $1,033 | -46% | $456 | -58% |
| Oklahoma City | $1,103 | -42% | $497 | -55% |
| Tulsa | $1,115 | -42% | $504 | -54% |
Average Oklahoma Car Insurance Cost by Age
In Oklahoma, age plays a significant role in car insurance costs, with younger drivers seen as high risk and paying more. On average, 25-year-olds pay 28% more for state minimum and 32% more for full coverage than 40-year-olds. They also spend 23% and 32% more, respectively, than 65-year-olds.
| 25 | $1,501 | $649 |
| 40 | $1,176 | $508 |
| 65 | $1,140 | $526 |
In most places, age can affect the cost of car insurance. However, your age won't affect your insurance price in California, Massachusetts and Hawaii.
Car Insurance Costs in Oklahoma for Young Drivers by Gender
Young drivers in Oklahoma face higher car insurance costs due to more accidents. On a family policy, drivers aged 18 to 25 pay about $1608 per year, which is 34% less than an individual policy at $2148.
Gender also plays a role in Oklahoma car insurance rates for young drivers. Females aged 18 to 25 pay around $2049 annually, which is $198 less than male drivers. Below, find the average costs for individual and family policies for young drivers in Oklahoma, detailed by gender.
Car Insurance Costs in Oklahoma for Young Females
An 18-year-old female in Oklahoma pays an average of $1,547 for full coverage when added to a family car insurance plan. If she gets her own policy, it jumps to $4,164, a steep 62.8% increase.
| 18 | $4,164 | $1,547 | -63% |
| 19 | $2,424 | $1,858 | -23% |
| 20 | $2,174 | $1,667 | -23% |
| 21 | $1,742 | $1,335 | -23% |
| 22 | $1,641 | $1,691 | 3% |
| 23 | $1,538 | $1,585 | 3% |
| 24 | $1,472 | $1,517 | 3% |
| 25 | $1,240 | $1,294 | 4% |
Car Insurance Costs in Oklahoma for Young Males
An 18-year-old male in Oklahoma pays around $4,597 for full coverage on his own. Joining a family policy drops his cost to about $1,764, saving 62% each year.
| 18 | $4,597 | $1,764 | -62% |
| 19 | $2,680 | $2,012 | -25% |
| 20 | $2,422 | $1,816 | -25% |
| 21 | $1,982 | $1,486 | -25% |
| 22 | $1,827 | $1,786 | -2% |
| 23 | $1,647 | $1,607 | -2% |
| 24 | $1,546 | $1,505 | -3% |
| 25 | $1,275 | $1,257 | -1% |
Average Oklahoma Car Insurance Cost by Driving Record
In Oklahoma, driving mistakes can affect your car insurance cost. For example, an at-fault accident could set you back $1,733 for full coverage. A DUI might lead to a $1,684 rate, and a speeding ticket could drop the cost to $1,426. Compared to drivers with no offenses, these rates show that violations can impact your finances. Here's how these numbers compare against the average Sooner's insurance costs.
| At-Fault Accident | $1,733 | -9% | $769 | -30% |
| DUI | $1,684 | -12% | $749 | -32% |
| Ticket | $1,426 | -25% | $616 | -44% |
Read More: High-Risk Car Insurance in Oklahoma
Average Oklahoma Car Insurance Cost by Credit Score
In Oklahoma, insurers consider your credit-based insurance score when setting car insurance prices. On average, drivers with excellent credit pay annual premiums of $891, while those with poor credit can expect to pay around $1,851 for full coverage.
| Excellent | $891 | -53% | $269 | -75% |
| Good | $1,060 | -44% | $314 | -71% |
| Fair | $1,292 | -32% | $374 | -66% |
| Below Fair | $1,515 | -21% | $429 | -61% |
| Poor | $1,851 | -3% | $499 | -54% |
CREDIT SCORES AND YOUR PREMIUM
A credit score between 670 and 739 indicates financial responsibility and can result in reduced insurance rates for Oklahoma drivers. However, Hawaii, Massachusetts, Maryland, California and Michigan prohibit using credit-based insurance scores for pricing. Meanwhile, credit can only influence insurance rates under specific conditions in North Carolina, Oregon, Washington, Utah and Nevada.
Average Oklahoma Car Insurance Cost by Company
Car insurance premiums can vary from company to company. In Oklahoma, Progressive boasts the cheapest average annual full coverage premium at $827. On the other hand, Home State Ins Group's premium is the priciest, exceeding the national average.
| Progressive | $827 | $338 |
| Mercury | $888 | $290 |
| GEICO | $900 | $404 |
| State Farm | $1,095 | $371 |
| Farmers | $1,228 | $586 |
| Shelter | $1,228 | $474 |
| Allstate | $1,277 | $769 |
| Oklahoma Farm Bureau | $1,431 | $573 |
| Home State Ins Group | $1,709 | $766 |
Read More: Cheapest Car Insurance Companies in Oklahoma
Average Oklahoma Car Insurance Cost by Vehicle Age
In Oklahoma, newer cars have higher insurance costs because they are worth more and can cost more to fix or replace if stolen. Full coverage for a new model is about $1,177 annually, while a 10-year-old car averages $827.
| 10-Year-Old Vehicle | $827 | $341 |
| New Model Vehicle | $1,177 | $337 |
ACTUAL CASH VALUE
The actual cash value (ACV) is the worth your insurer assigns to your car before any damage. For comprehensive or collision claims, the ACV helps determine the highest payout for repairs or replacement minus the deductible. This ensures the claim reflects the car's fair market value.
Read More: Used Car Insurance
Oklahoma Car Insurance Rates Explained
We've examined Oklahoma's car insurance rates and compared them to the national average. Whether they're more affordable or costlier depends on factors like your car's make and model, your driving record and your credit-based insurance score. We'll also see what influences the price of full coverage and state minimum plans.
Is Car Insurance Expensive in Oklahoma?
Car insurance in Oklahoma is more affordable, with an average full coverage monthly cost of $98. It's 9% cheaper compared to the national average for full coverage policies.
Read More: Why Car Insurance is So Expensive
Car Insurance Costs in Oklahoma vs. National Average
National Average Cost
Full Coverage Car Insurance
$108
Oklahoma Average Cost
Full Coverage Car Insurance
$159OK Car Insurance Is Expensive:$51 more
This is 47% more expensive.
Why Are Car Insurance Rates Expensive in Oklahoma?
Oklahoma's car insurance rates are high due to frequent severe weather that leads to more claims. These storms and the damage they cause mean insurance companies often pay more in claims, raising residents' costs.
Read More: Car Insurance Rates by State
Estimating Your Car Insurance Costs in Oklahoma
While average car insurance rates in Oklahoma reflect demographics and economics, your cost depends on your details. To estimate your car insurance, consider your driving history, car type and coverage choices.
Driving Record
A spotless driving record can lead to lower insurance premiums. Avoid infractions like speeding or DUIs to show insurers you're low-risk.
Age and Gender
Younger drivers and males often face higher rates. Rates may decrease with age, and some insurers offer discounts for female drivers.
Credit History
A higher credit score can result in lower car insurance costs. To improve your credit standing, pay bills on time and reduce debt.
Vehicle Type
Insurance costs can vary by vehicle type. To potentially reduce premiums, opt for models with good safety records and lower theft rates.
Location Within Oklahoma
Living in areas with lower crime and accident rates in Oklahoma can lead to more affordable car insurance quotes.
Coverage Level
Higher deductibles can lower your premium, but ensure you choose a coverage level that meets your needs and state requirements.
Marital Status
Married drivers may receive lower rates. Inform your insurer about your marital status change to potentially benefit from reduced premiums.
State Law
Knowing Oklahoma's insurance laws helps you choose the right coverage and ensures you take advantage of all potential savings.
Read More: Oklahoma Car Insurance Calculator
Minimum Car Insurance in Oklahoma
Oklahoma's average state minimum car insurance rate is $508, cheaper than the national average of $595. This minimum coverage is more affordable than full coverage due to lower liability limits.
Oklahoma Car Insurance Requirements
In Oklahoma, drivers must have minimum coverage car insurance. This includes $25,000 for bodily injury per person, $50,000 for bodily injury per accident and $25,000 for property damage per accident.
Liability Limits | Description |
|---|---|
$25,000 for bodily injury liability per person | Bodily injury liability per person covers medical expenses if you're at fault |
$50,000 for bodily injury liability per accident | Bodily injury liability per accident ensures coverage for multiple injured parties |
$25,000 for property damage liability per accident | Property damage liability per accident is required to cover damages to another person's property |
How to Lower Car Insurance Costs in Oklahoma
To save on car insurance in the Sooner State, compare rates, choose a higher deductible and take advantage of all discounts.
- 1
Compare Multiple Quotes
Researching multiple insurance providers can help you find affordable car insurance options in your state, potentially saving you hundreds of dollars annually.
- 2
Lower Your Risk Profile
A better credit score or a clean driving record without at-fault accidents or moving violations can significantly lower insurance premiums as insurers view you as a lower risk.
- 3
Adjust Your Coverage
Reviewing coverage needs ensures you pay only for what's necessary. Increasing deductibles or opting for usage-based policies can be cost-effective for eligible drivers.
- 4
Ask for Discounts
Inquire about possible discounts, such as safe driver benefits, academic achievements, anti-theft devices, completing defensive driving courses or bundling, which can lead to lower premiums.
- 5
Consider the Car You Drive
Driving a car with favorable safety ratings or that's cheaper to insure can reduce your overall insurance expenses.
Read More: How to Reduce Your Car Insurance Costs
Auto Insurance Rates in Oklahoma: Bottom Line
In Oklahoma, a full coverage car insurance policy averages $1,176 a year, cheaper than the national average. Car insurance rates can change based on things like how old you are, what car you drive and your driving record. Overall, Oklahoma is more affordable for car insurance compared to many other states.
Oklahoma Car Insurance Rates: FAQ
Discover what affects car insurance costs in Oklahoma. Learn how to find affordable rates by comparing quotes and considering state minimum coverage.
What are the minimum car insurance requirements in Oklahoma?
The minimum car insurance requirements in Oklahoma mandate drivers to carry $25,000 bodily injury per person, $50,000 per accident and $25,000 for property damage.
What is the average cost of full coverage and minimum coverage auto insurance in Oklahoma?
The average annual cost for full coverage auto insurance in Oklahoma is $1,176. The state minimum coverage averages around $508 per year.
What is the average cost of car insurance for a 25-year-old in Oklahoma?
The average cost for full coverage car insurance for a 25-year-old in Oklahoma is around $1,501, slightly below the state average. Minimum coverage averages $649, also below the typical state rates.
What are the cheapest car insurance companies in Oklahoma?
In Oklahoma, Progressive offers the most affordable car insurance, with full coverage at an annual premium of $827 and minimum coverage at $338.
Oklahoma Auto Insurance Cost: How We Determine Average Rates
We used a sample driver profile with the following attributes to determine average car insurance rates in Oklahoma:
- 40-year-old male
- 2012 Toyota Camry LE
- Clean driving record
- 12,000 miles driven annually
We modified this driver profile by age, vehicle, credit score and driving record to determine averages for different driver profiles and needs.
Coverage Levels and Deductibles
Unless otherwise noted, average rates on this page are for a full coverage policy with comprehensive and collision coverage, a $1,000 deductible for each and the following liability limits (100/300/100):
- $100,000 in bodily injury liability per person
- $300,000 in bodily injury liability per accident
- $100,000 in property damage liability per accident
When minimum coverage is specified, we used the following minimum liability-only limits as mandated by Oklahoma:
- $25,000 for bodily injury liability per person
- $50,000 for bodily injury liability per accident
- $25,000 for property damage liability per accident
Learn more about MoneyGeek's car insurance methodology.
About Mark Fitzpatrick
Mark Fitzpatrick is a Licensed Property and Casualty Insurance Producer and MoneyGeek's Head of Insurance. He has analyzed the insurance market for over five years, conducting original research and creating personalized content for every kind of buyer. He has been quoted in several insurance-related publications, including CNBC, NBC News and Mashable.
Fitzpatrick earned a master’s degree in economics and international relations from Johns Hopkins University and a bachelor’s degree from Boston College. He is passionate about using his knowledge of economics and insurance to bring transparency around financial topics and help others feel confident in their money moves.