Cheapest Car Insurance in Oklahoma

Mercury offers the most affordable car insurance for Oklahoma drivers, with an average monthly cost of just $24 and an annual rate of $290. This represents a significant saving compared to the state's average rates. These figures are sourced from Quadrant Information Services and represent the cheapest rates in Oklahoma as of October 2024. Read our research methodology to learn about how we found the cheapest Oklahoma car insurance.

The cheapest car insurance company for most drivers in Oklahoma is Mercury, with an average monthly rate of $49 for both state minimum and full coverage. This rate is $21 less than the Oklahoma average. Other affordable options include GEICO, Progressive, State Farm and Farmers.

We used combined minimum and full coverage rates for a 40-year-old driver with good credit and no driving violations to calculate these averages.

Mercury is the most affordable car insurance provider for both minimum and full coverage for many drivers in Oklahoma. However, your cheapest rate depends on your personal background. Below, we highlight the most affordable car insurance rates for various driver profiles.

Read More: Cheapest Car Insurance

Along with Mercury, Progressive, State Farm and GEICO also offer cheap minimum lability coverage for Oklahoma drivers. Use the table below to explore rates for similar companies with the best minimum coverage rates in Oklahoma, as well as how they compare to the monthly state average of $42.

Mercury provides the cheapest full coverage auto insurance in Oklahoma, with rates averaging $74 per month or $888 per year. This is $25 less than the state's average cost.

In Oklahoma, young adult drivers get the best rates with Mercury, the most affordable choice. A 25-year-old can expect to pay just $31 monthly for state minimum coverage.

We used minimum coverage for a 25-year-old driver with good credit and no driving violations to determine the cheapest provider.

Mercury and GEICO are the cheapest auto insurance providers for various young adult driver preferences and backgrounds in Oklahoma. Although your premium may vary depending on your driving record and other factors, the rates and companies in the table below are good starting points for finding the cheapest rates for a young driver.

Read More: Cheapest Car Insurance for Young Drivers

Senior drivers in Oklahoma can find affordable rates with Progressive. The average policy costs $28 monthly for minimum coverage.

We used minimum coverage for a 65-year-old driver with good credit and no driving violations to determine the cheapest provider.

For senior drivers in Oklahoma, Progressive offers the lowest rates for minimum and full coverage. Mercury is a good choice for those with bad credit, while State Farm is best for drivers with a DUI, accident or speeding ticket. Your quote may vary, but these rates can guide your insurance search.

Read More: Cheapest Car Insurance for Seniors

Oklahoma drivers with a DUI, at-fault accident or speeding ticket are considered "high-risk" by insurers and pay higher car insurance premiums compared to those with clean records. Depending on the offense, average premiums vary for high-risk drivers. Below are the best rates for drivers with these violations.

Mercury offers the best rates for Oklahoma drivers with DUIs, averaging $33 per month ($395 per year) for minimum coverage insurance. Check the table below for a list of insurance providers and their average monthly premiums for drivers with DUIs in Oklahoma.

We used a 40-year-old driver with good credit and a DUI on record to calculate these averages.

State Farm offers the lowest rates for drivers with an at-fault accident, averaging $38 per month ($459 per year), making it the cheapest company for drivers after an at-fault accident. Below, you’ll find a list of other insurers offering affordable coverage for drivers with accidents on their records. Rates are for minimum coverage policies.

We used a 40-year-old driver with good credit and an at-fault accident on record to calculate these averages.

State Farm offers the cheapest insurance for drivers with a speeding ticket in Oklahoma, with rates averaging $35 per month. Compare other providers offering minimum coverage for drivers with a speeding ticket in the table below.

We used a 40-year-old driver with good credit and a speeding ticket on record to calculate these averages.

State Farm is the cheapest car insurance provider for drivers with poor credit scores, offering a monthly rate of $35 and an annual rate of $417 for minimum coverage. Check the table below for more options from other providers.

These rates are based on a 40-year-old driver with bad credit and a clean driving record.

Your location plays a big part in your car insurance rates. Cities within the same state can show big rate changes due to population density, flood risks and crime rate.

For example, with Mercury, you'll pay about $27 per month in Broken Arrow but around $33 in Oklahoma City for the same minimum coverage. Check the table below to find your city, the most affordable company and their lowest average monthly rate.

The lowest rate reference is for a minimum coverage policy for 40-year-olds with good credit and no driving violations.

If you're looking to bundle home and auto insurance in Oklahoma, Allstate offers the best rate. In the table below you can view more cheap companies for bundling home and auto policies.

Rates are for a 40-year-old driver with good credit and no driving violations

The average cost of car insurance in Oklahoma is $99 per month for full coverage and $42 per month for minimum coverage. Knowing average auto insurance premiums for your location and desired coverage level can help you determine whether you're getting a good deal from an insurer.

Rates can fluctuate widely based on your specific location in Oklahoma. The table below shows the average minimum and full coverage rates for different Oklahoma cities.

Car insurance in Oklahoma ranks 29th among states, making it more affordable than in many other places. This affordability can often be attributed to factors like Oklahoma's lower population density, fewer weather-related disasters, and a vehicle theft rate that's below the national average.

Under Oklahoma law, all drivers must have car insurance policies that meet the state's minimum coverage limits. These include $25,000 for bodily injury per person, $50,000 per accident and $25,000 for property damage per accident.

If you finance or lease your car, you will likely have to buy comprehensive and collision insurance in addition to minimum liability coverages. Although a minimum liability auto insurance policy is the least expensive option, it offers the lowest amount of financial protection. Experts recommend driving with full coverage insurance with the highest deductible and liability limits you can afford.

In Oklahoma, surety bonds are a common alternative to traditional car insurance. These bonds act as a promise that you can pay for damages up to the required state minimum coverage, ensuring compliance with Oklahoma's insurance laws.

For business owners, self-insurance is another option. This involves demonstrating financial capability to cover any claims, providing flexibility in managing insurance needs.

MoneyGeek recommends that drivers secure full coverage car insurance. This includes liability, collision and comprehensive coverage. We suggest the following liability limits for your protection:

• $100,000 in bodily injury liability per person
• $300,000 in bodily injury liability per accident
• $100,000 in property damage per accident

Comprehensive coverage pays for off-road harm to your car, like if it's stolen, vandalized or damaged by severe weather or fire. Collision coverage, on the other hand, takes care of damages from on-road crashes.

If your car holds significant value, MoneyGeek advises getting both comprehensive and collision insurance, even though it's not a legal requirement. It's smart to set your deductible for these coverages at an amount you're comfortable paying before your insurance covers the remaining costs.

Mercury offers Oklahoma's cheapest full and minimum coverage car insurance. While low rates are tempting, remember, the cheapest option might not cover all your needs. Experts recommend getting as much coverage as you can afford for the best financial protection on the road.

MoneyGeek answers commonly asked questions about the cheapest car insurance in Oklahoma to ensure you get the right coverage for your situation.

MoneyGeek obtained Oklahoma auto insurance rates from the Oklahoma Department of Insurance and Quadrant Information Services. We examined 27,868 auto insurance quotes from 10 providers across 49 ZIP codes to determine the most affordable car insurance companies in Oklahoma.

Oklahoma Driver Profile

We used a driver profile with the following background information to identify the cheapest auto insurance companies in Oklahoma:

• 40-year-old male
• 2012 Toyota Camry LE
• Clean driving record
• 12,000 miles driven annually

To find the cheapest option for various driver backgrounds, we adjusted this sample profile by age, driving record, credit score, car make and model, and military service where specified.

Standard Coverage Levels in Oklahoma

We compared car insurance companies in Oklahoma that offer both minimum and full coverage policies. We set the limits of the minimum coverage car insurance policy to the minimum amount required by law in Oklahoma.

The minimum coverage liability limits in Oklahoma are:

• $25,000 for bodily injury liability per person.
• $50,000 for bodily injury liability per accident.
• $25,000 for property damage liability per accident.

For full coverage policy rates, we used the following liability limits:

• $100,000 for bodily injury liability per person
• $300,000 for bodily injury liability per accident
• $100,000 for property damage liability
• Comprehensive and collision coverage with a $1,000 deductible

Home and Auto Coverage Levels in Oklahoma

MoneyGeek analyzed the rates of insurance companies for a full-coverage auto insurance policy that includes the following coverage and limits:

• $100,000 in property damage liability
• $100,000 bodily injury liability per person
• $300,000 bodily injury liability per accident
• Comprehensive and collision coverage with a $1,000 deductible

We also analyzed rates for a homeowners insurance policy that includes the following limits and coverage:

• $250,000 dwelling coverage
• $25,000 other structures coverage
• $100,000 personal property coverage
• $25,000 loss of use coverage
• $100,000 personal liability coverage
• $1,000 medical payments coverage
• All-perils coverage with a $1,000 deductible