Oklahoma Minimum Coverage Car Insurance: Requirements and Costs (November 2024)

Name: Oklahoma Minimum Coverage Car Insurance: Requirements and Costs (November 2024)
Item: Oklahoma Minimum Coverage Car Insurance: Requirements and Costs (November 2024)
Author: Mark Fitzpatrick

Oklahoma's minimum coverage liability limits are 25/50/25. The average cost of minimum car insurance is $508 annually or about $42 monthly.

By Mark Fitzpatrick

Reviewed by Mark Friedlander

Edited by Nica Gonzales-Villaraza

Updated: October 29, 2024

Advertising & Editorial Disclosure

Oklahoma's minimum coverage requirements include $25,000 in bodily injury liability per person, $50,000 in bodily injury liability per accident and $25,000 for property damage liability per accident. Oklahoma is an at-fault state, meaning the driver responsible for an accident must pay for the damage.

Meeting Oklahoma's minimum car insurance requirements costs an average of $42 monthly. Consider additional coverage for better protection. To find the most cost-effective options, explore the cheapest car insurance in Oklahoma.

TABLE OF CONTENTS

Oklahoma Minimum Coverage Requirements
Average Cost of Minimum Coverage Car Insurance in Oklahoma
Cheapest Companies in Oklahoma for Minimum Coverage
Add-On Coverages in Oklahoma
Penalties for Driving Without Insurance in Oklahoma
FAQ

Why Trust MoneyGeek? MoneyGeek analyzed data from the Oklahoma Department of Insurance and Quadrant Information Services to get the most accurate cost data for various Oklahoma drivers.

These rates reflect the cost of minimum coverage car insurance requirements in Oklahoma as of November 2024.

27,868Quotes Analyzed

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Oklahoma Minimum Coverage Car Insurance Requirements

In Oklahoma, drivers must have a minimum amount of car insurance coverage to legally operate a vehicle. This coverage is essential to ensure that all parties are protected in the case of an accident.

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

Since Oklahoma is an at-fault state, the driver who is found to be at fault for an accident is responsible for all property damage and bodily injuries resulting from the accident. This means that the at-fault driver's insurance typically covers the costs up to the policy limits, and other involved parties may file a claim or lawsuit against the at-fault driver.

DOES OKLAHOMA REQUIRE COLLISION AND COMPREHENSIVE COVERAGES?

Oklahoma doesn't mandate drivers to carry collision or comprehensive coverage as part of its minimum coverage auto insurance requirements. However, lenders and leasing companies usually require such policies to protect their financial interests in case of vehicle damage. While not legally required, having collision or comprehensive insurance may be necessary if you're financing or leasing a car.

What Does Minimum Coverage Cover?

What Liability Insurance Covers	What Liability Insurance Doesn't Cover
Injuries to others if you're at fault in an accident	Your injuries
Damage to another person’s property if you're at fault in an accident	Damage to your car
Some coverage for injuries caused by uninsured/underinsured drivers, depending on your policy	Repairs for weather-related accidents or if you were hit by an animal
	Property damage caused by uninsured/underinsured drivers unless additional coverage is purchased

The table reflects Oklahoma's minimum car insurance requirements, including bodily injury and property damage coverage. Remember, the specifics of your coverage depend on your individual policy's terms and conditions.

Average Cost of Minimum Coverage Car Insurance in Oklahoma

Age is a critical factor in determining the cost of minimum car insurance. In Oklahoma, drivers aged 22 to 29 face the highest premiums because they have less experience and a greater risk of accidents.

The table below shows the average minimum coverage cost by age group, illustrating how insurance rates change as drivers age.


22-29	$649	$54
30-59	$508	$42
60 +	$526	$44

Cheapest Companies for Minimum Coverage Car Insurance in Oklahoma

Oklahoma's most budget-friendly providers offering minimum coverage are Mercury and Progressive.

Mercury: $290 per year; $24 per month
Progressive: $338 per year; $28 per month

Finding insurance that fits your budget and meets your needs is important. Be sure to check out the best car insurance in Oklahoma for comprehensive coverage options tailored to your situation.

Data filtered by:Results filtered by:

Age Group:

Age Group:30-59


Mercury	$290	$24
Progressive	$338	$28
State Farm	$371	$31
GEICO	$404	$34
Shelter	$474	$39
Oklahoma Farm Bureau	$573	$48
Farmers	$586	$49
Home State Ins Group	$766	$64
Allstate	$769	$64

Optional Add-On Coverages in Oklahoma

In Oklahoma, drivers can opt for add-on coverages, such as comprehensive, collision, uninsured/underinsured motorist, medical payments and roadside assistance. These options provide greater protection beyond the minimum coverage, covering scenarios like theft, vehicle damage and medical expenses after an accident. Understanding how much car insurance you need can ensure you're adequately covered for the unexpected.

Add-On Coverage	What It Covers	What It Doesn't Cover
Uninsured/Underinsured motorist coverage	Medical expenses, lost wages and repair costs if you're hit by a driver with no or insufficient insurance	Damage to your vehicle if you're at fault or damage that exceeds policy limits
Personal injury protection (PIP)	Medical expenses, lost income and funeral costs for you or your passengers regardless of who's at fault	Vehicle damage or injuries to the other driver
Roadside assistance	Services like towing, flat tire changes and jumpstarts when your car breaks down	Cost of parts or repairs needed after the tow
Gap insurance	Pays the difference between your car's current value and what you still owe if it's totaled or stolen	Vehicle depreciation or overdue loan payments
Rental car reimbursement	The cost of a rental car while your vehicle is being repaired after a covered event	Fuel, insurance or other rental extras
Collision coverage	Repairs to your car after an accident, regardless of fault	Damage due to theft, vandalism or natural disasters
Comprehensive coverage	Repairs to non-collision damage from events like theft, fire or hail	Damages from a collision or personal injuries
Towing and labor coverage	Towing and basic roadside-assistance labor costs at the site of your vehicle's breakdown	More extensive repairs needed at a garage
Custom parts and equipment coverage	Safeguards aftermarket enhancements like custom wheels or stereo systems	Original parts that came with your vehicle
Accidental death coverage	Offers a payout if you or a passenger dies or experiences certain injuries in a car accident	Non-accidental death or injuries
Classic car insurance	Agreed-upon values for your unique vehicle, tailored for vintage or collector cars	Regular use like your daily commute

Penalties for Driving Without Insurance in Oklahoma

The cost of a ticket for driving without insurance in Oklahoma varies depending on whether you've been caught without insurance before. For a first offense, you'll face a fine with the possibility of additional charges. If you've been caught driving uninsured in the past, the penalties become more severe, potentially including larger fines.

Additional penalties for driving without minimum coverage in Oklahoma can include:

Vehicle impoundment, along with the costs involved.
Vehicle registration suspension, meaning you cannot legally drive the car.
License suspension and a fee to get your license back
A possible SR-22 requirement to prove financial responsibility.
Jail time for up to six months if you cause an accident while uninsured

Make sure you have minimum coverage insurance when driving. This not only protects you from legal penalties but also provides financial protection in case of an accident.

What to Do if Your Policy Is Canceled

If your car insurance policy is canceled in Oklahoma, get new coverage immediately. Don't drive until you have at least the state minimum insurance, as driving uninsured can lead to fines or license suspension. Contact an insurance agent to discuss reinstatement or find a new policy.

The Oklahoma Department of Public Safety is notified of canceled policies, which could result in penalties if you don’t get new insurance quickly. Maintaining continuous coverage is crucial.

If you struggle to find coverage, the Oklahoma Automobile Insurance Plan can help residents rejected by other insurers. Always ensure you have insurance to drive legally and safely in Oklahoma.

WHY WAS MY POLICY CANCELED?

Your car insurance policy in Oklahoma may have been canceled for several reasons:

Non-payment of premium: Missing insurance premium payments can lead to cancellation.
License suspension: If your driver's license gets suspended, your policy might be canceled.
Fraudulent claims: Filing false or exaggerated claims can result in losing your insurance.
Policy violations: Violating terms of the policy, like reckless driving, could cause cancellation.

FAQ: Oklahoma Minimum Coverage Car Insurance

We answer common questions about minimum coverage in Oklahoma to help you understand the insurance needed to comply with state laws.

What is the minimum car insurance coverage in Oklahoma?

In Oklahoma, drivers must have minimum car insurance coverage that includes bodily injury liability of $25,000 per person and $50,000 per accident, plus property damage liability of $25,000 per accident. This ensures drivers can cover costs for injuries or damage they cause in an accident. The state doesn't require coverage for uninsured/underinsured motorists, personal injury protection or medical payments as part of the minimum coverage.

Why does Oklahoma require minimum automobile liability coverage for motorists?

Oklahoma requires minimum automobile liability coverage to help drivers cover costs for damage or injuries they cause in an accident. This protects victims and reduces out-of-pocket expenses. While state minimum coverage meets legal requirements and manages your budget, evaluate your financial situation and consider additional coverage for better protection.

Do you need comprehensive insurance in Oklahoma?

In Oklahoma, comprehensive insurance isn't required by law, but lenders may mandate it for financed or leased vehicles. It protects against non-collision incidents like theft, vandalism or natural disasters, making it a smart choice for valuable cars or those at risk for such incidents.

What happens if you drive uninsured in Oklahoma?

Driving uninsured in Oklahoma can result in serious penalties, including fines of up to $250 and possible jail time. Your vehicle may be impounded, and your driver's license could be suspended. You might need to carry an SR-22 insurance certificate for three years to regain driving privileges, which can raise your insurance rates. Driving without at least the state minimum auto insurance coverage is illegal, so stay responsible and compliant.

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.

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