Cheapest Car Insurance in Oklahoma (2024)

Mercury offers Oklahoma's cheapest minimum and full coverage car insurance. Allstate, GEICO, Progressive, Farmers and State Farm offer the cheapest policies for certain types of drivers.

We also ranked the best car insurance in Oklahoma based on a balance between affordability and quality of service.

The cheapest auto insurance companies for minimum coverage in Oklahoma are:

• Mercury: $290 per year
• Progressive: $362 per year

Allstate is Oklahoma's most expensive minimum coverage policy provider at around $769 per year.

A minimum coverage policy in Oklahoma covers only bodily injury liability, property damage liability and medical benefits.

A minimum coverage policy covers injuries or damage you cause to others, but your car isn't covered. Purchase a full coverage policy with comprehensive and collision coverages to pay for damage to your vehicle.

Oklahoma's providers with the cheapest full coverage policy are:

• Mercury: $888 per year
• GEICO: $897 per year

Home State Insurance Group is the most expensive insurer in Oklahoma for full coverage, with an average annual premium of $1,709.

Your premium increases when you add comprehensive and collision insurance to get full coverage. For example, Mercury's full coverage costs $598 more than its minimum policy.

Full coverage protects you from both on-road incidents, like collisions or hit-and-runs, and off-road incidents, such as weather damage, fire or theft.

Your premium depends on how much insurance you need. MoneyGeek's sample full coverage policy includes:

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

To save money, you can lower your liability limits, choose minimum coverage or raise your deductible. However, this increases the risk of inadequate coverage in an accident, leading to financial losses.

Most car insurance providers typically provide online car insurance quotes. These estimates could take up to 15 minutes to complete and necessitate entering personal information. Furthermore, entering your information on various insurance websites takes additional time to compare rates.

MoneyGeek provides an auto insurance calculator so you can get a quick estimate without giving personal information to numerous insurers. Choose your age, gender and driving history to get started.

Allstate, GEICO and Progressive offer the cheapest options in Oklahoma, depending on what age group you and your family belong to.

Teen drivers covered by a parent's policy can find the least costly car insurance in Oklahoma from the following providers:

• Allstate: $1,833 per year for female teens and $1,948 per year for male teens
• State Farm: $1,866 per year for female teens; Progressive: $2,296 per year for male teens

Farmers charges the highest rates for adding teen drivers to a parent's policy, averaging $2,753 for males and $2,598 for females.

Adding teens to a parent's policy is cheaper than buying separate coverage. For example, a 16-year-old in Oklahoma pays about $6,344 for their individual policy but only $2,391 when added to their parents' — saving $3,953.

Teens under 18 can't legally buy auto insurance on their own; a parent or guardian must co-sign. Car insurance rates for teens usually decrease as they age, with 19-year-olds typically paying the lowest rates. Allstate offers the cheapest rate for 19-year-old males in Oklahoma at $1,714 per year.

Many insurance companies, including State Farm, Farmers, Allstate and Progressive, give discounts to distant and good students. However, only GEICO offers a good student discount for teen drivers.

The following companies offer the cheapest auto insurance rates for young adults in Oklahoma:

• GEICO: $1,084 per year
• Mercury: $1,183 per year

Oklahoma Farm Bureau has the most expensive car insurance for young adults, with an average annual premium of $2,036. On average, 25-year-old drivers in Oklahoma pay about $328 more for coverage than 40-year-olds.

For seniors in Oklahoma, the following insurance providers offer the lowest rates:

• Progressive: $876 per year
• GEICO: $939 per year

Home State Ins Group provides the most expensive auto insurance for seniors in Oklahoma, costing an average of $1,759 annually.

Drivers in their 60s typically pay $39 less per year for auto insurance than middle-aged drivers. As drivers enter their 70s and 80s, rates continue to rise.

Seniors in Oklahoma are eligible for specific discounts from Allstate, GEICO, Shelter, Mercury and Farmers. Because age is just one aspect that insurers consider when determining premiums, comparing providers is the most straightforward way to find affordable and competitive coverage.

State Farm provides the cheapest options for Oklahoma drivers with tickets or at-fault accidents. Progressive offers the most affordable policies for drivers with DUIs. Drivers with traffic violations typically face higher premiums, but enrolling in state-approved driving courses and checking your motor vehicle record for errors can improve your rates.

Mercury has the lowest rates for drivers with poor credit, while Farmers offers the most affordable coverage for sports car owners.

If you have a speeding ticket in Oklahoma, the cheapest companies for car insurance, on average, are:

• State Farm: $1,186 per year
• GEICO: $1,205 per year

Home State Ins Group has the most expensive rates for drivers with tickets, at approximately $1,780 per year.

On average, Oklahoma drivers with tickets pay up to $253 more for car insurance than those with a clean record.

For Oklahoma motorists with an at-fault collision on their records, these companies provide the cheapest full coverage auto insurance policies:

• State Farm: $1,270 per year
• Oklahoma Farm Bureau: $1,585 per year

Shelter imposes the highest average rate for drivers with a history of at-fault accidents at $2,188 annually.

Being at fault in a car accident in Oklahoma might lead to a $564 increase in the yearly premium. Insurers also apply an at-fault accident ticket surcharge to your insurance bill for at least three years.

These are the least costly options for full coverage auto insurance in Oklahoma if you have a DUI on your record:

• Progressive: $1,108 per year
• Mercury: $1,127 per year

With a yearly premium averaging $2,388, Oklahoma Farm Bureau is the most costly insurer in Oklahoma for drivers with a DUI.

A DUI typically results in a $506 increase in your annual rate and stays on your driving record in Oklahoma for at least 10 years.

The following insurers in Oklahoma offer customers with poor credit the cheapest rates:

• Mercury: $1,234 per year
• GEICO: $1,425 per year

State Farm charges an average of $3,086 per year, the highest annual car insurance premium for people with bad credit in Oklahoma.

When determining your premium, insurers consider your credit-based insurance score. In Oklahoma, people with credit scores below 580 might end up paying an average of $655 more for auto insurance than those with scores over 750.

Because drivers with poor credit ratings are more prone to filing claims, most auto insurers raise insurance costs to guard against loss. Like many other states, Oklahoma permits insurers to consider your credit history when deciding rates.

Your insurance rate might go down if your credit score rises over time, but you might also look for insurers that provide discounts to help offset rate increases because of your credit.

The following insurance providers offer sports car drivers in Oklahoma the lowest rates:

• Farmers: $1,197 per year
• Progressive: $1,242 per year

Allstate is the most expensive provider of sports car insurance in the Sooner State, with an average annual premium of $1,391.

Sports cars are often more expensive to insure than typical cars because these vehicles have more expensive repair and replacement costs. For instance, sports car owners in Oklahoma pay an average of $91 more per year for auto insurance than Toyota Camry LE owners.

MoneyGeek used a Ford Mustang as its sample sports car in this study, but costs may differ depending on your particular car model. Sports, electric and luxury cars are generally more expensive to insure; otherwise, the model may not be a significant factor. However, this may not be true for all states.

USAA offers the cheapest car insurance for veterans and active-duty service members in Oklahoma, with an average annual rate of $753. Its services cater to those with a military background.

The city you live in significantly influences car insurance costs in Oklahoma. Areas with higher theft rates, vandalism or accidents typically result in increased premiums due to the higher likelihood of claims.

Norman has the most affordable full coverage car insurance, with Mercury providing a policy at $1,168 per year. Tulsa, the most expensive city in Oklahoma, has the same insurance from Mercury, costing about $1,406 annually.

The table below compares the average auto insurance cost across various Oklahoma cities.

In Oklahoma, drivers must show proof of insurance to register and drive their vehicles. This can be done with a certificate of insurance or an insurance card. The state requires two types of coverage: property damage liability and bodily injury liability.

Oklahoma law requires drivers to have minimum liability coverage, including property damage and bodily injury protection. However, these minimum limits may not be enough in an accident. MoneyGeek recommends getting as much liability coverage as possible for better financial security.

In most states, drivers with suspended licenses due to DUIs, violations or no insurance must file an SR-22 form. However, Oklahoma doesn't have this requirement.

For greater financial protection, MoneyGeek suggests getting bodily injury liability insurance with minimum levels of $100,000 per person and $300,000 per accident and increasing the property damage coverage to $100,000. Comprehensive and collision insurance might be required if you finance the purchase of your vehicle or lease it.

Comprehensive insurance will cover any required repairs or replacements if your vehicle sustains damage in an off-road incident, such as theft, fire, vandalism or weather-related incidents. Collision coverage will pay to repair or replace your car if it's damaged in an on-road accident, either with another vehicle or an inanimate object like a telephone pole or a tree.

Even though it’s not required, MoneyGeek advises those with expensive cars to get comprehensive and collision insurance.

In Oklahoma, drivers can post a $75,000 bond with the Department of Public Safety as an alternative to traditional car insurance. This bond proves their financial responsibility for each registered vehicle.

High-risk drivers who struggle to get insurance or a bond can contact Oklahoma Automobile Insurance Plan for assistance at 866-667-2827 or 405-842-0844.

To address concerns about price and quality, here are some frequently asked questions about finding the cheapest insurance in Oklahoma.