Motorcycle Insurance in Oklahoma: The Cheapest Quotes and Best Companies

The cheapest motorcycle insurance in Oklahoma will most likely include liability-only coverage, which means it may not be the best choice for a rider. Oklahoma's minimum coverage policy only offers liability coverage, which does not cover your motorcycle or any damage incurred during an accident if you are found legally liable for the accident. Because it only covers injuries and damage to property or other people involved in the accident, a liability-only policy is usually less expensive. Comprehensive and collision coverage is preferable for most riders in Oklahoma because it offers more protection and greater coverage.

MoneyGeek used the profile of a low-risk rider with a good riding record and a 50/100/25 liability-only policy to compare rates for this analysis.

The motorcycle insurance companies in Oklahoma that give the lowest average rates for liability-only coverage for a rider with a good riding record are:

• Progressive: $75 per year
• Markel: $78 per year

Harley-Davidson, on the other hand, has the most expensive liability-only motorcycle insurance policy in the state. Its average cost for a comparable policy is $208, which is 64% higher than Progressive's rate.

A full coverage policy, which covers comprehensive and collision coverage, offers extensive coverage to the motorcycle and the rider. The policy covers the costs of crash-related damages, whether the collision happened with a vehicle or a structure. This policy also protects against vandalism, theft, natural disasters and fire.

If you're still paying off your motorcycle loan, a full coverage policy is preferable to a liability-only policy that only offers minimal coverage. After analyzing the profile of a good rider with 50/100/25 coverage and a $500 deductible for a full coverage motorcycle insurance, MoneyGeek ranked the following two companies in Oklahoma as the cheapest:

• Progressive: $249 per year
• Markel: $268 per year

The most expensive for a full coverage policy was GEICO, which quoted an average annual cost of $500. The rate was 50.2% higher than Progressive's quote.

Multiple factors affect motorcycle insurance rates in Oklahoma, including coverage amount, the type of motorcycle, your riding record, years of riding experience and even your age. We compared motorcycle insurance rates from different companies to determine the average cost of motorcycle insurance in Oklahoma for both full coverage and liability-only policies.

In Oklahoma, you’ll pay an average of $320 per year or around $27 a month for a full coverage motorcycle insurance policy. The rate is 12% less than the national annual average of $364.

An average of $130 a year or $11 a month is what you'll have to pay for a liability-only motorcycle insurance policy in Oklahoma. Considering the national average of $141 per year, the rate is $11 lower. However, it’s important to remember that a liability-only policy will not cover damages caused to your motorcycle or any injuries you sustain in an accident.

Prices in Oklahoma were calculated using a motorcycle insurance policy of $50,000/$100,000 bodily injury liability coverage and $25,000 property damage coverage, a $500 deductible and the minimum for uninsured motorist coverage for full coverage policies.

MoneyGeek reviewed Oklahoma's motorcycle insurance providers to find the best companies that offer a balance of affordability and quality service. Our unique scoring system rated the companies based on motorcycle insurance quotes in Oklahoma, product offerings and selections, customer service, affordability and financial stability. In Oklahoma, Progressive won the most points, making it the best motorcycle insurance company in the state.

You can easily get a motorcycle insurance quote online in Oklahoma by providing the following information:

• Zip code and address in Oklahoma where the bike will be located
• Previous address if you moved in the past six months
• Your date of birth
• Bike make, model and manufacturing year
• Your riding record
• Insurance coverage elections (for more information on this, see below)

All bikers in Oklahoma are required by law to have at least liability-only coverage on their motorcycles. In Oklahoma, the state's minimum coverage requirements are as follows:

• $25,000 per-person bodily injury liability (BI)
• $50,000 per-accident bodily injury liability
• $25,000 property damage liability (PD)

All motorcycles in Oklahoma are required to have a minimum liability-only coverage of 25/50/25. Such a policy will have $50,000 in coverage for all the parties injured in the accident along with a $25,000 limit per individual and a property damage limit of $25,000. If you are at fault for the accident, the insurance policy will be willing to pay for these claims.

As per the state law, it's not necessary for Oklahoma riders to have uninsured motorist, underinsured motorist or personal injury coverage (PIP) as part of their motorcycle insurance. However, you can enhance your protection by adding one or more of these coverages to your existing motorcycle insurance policy.

You need to consider multiple factors while looking for a motorcycle insurance provider in Oklahoma. We’ve answered some of your frequently asked questions, including which company provides the cheapest insurance and the average motorcycle insurance costs in Oklahoma.

MoneyGeek has obtained motorcycle insurance rates, based on various coverage levels and driver profiles, directly from insurers. This will guide our users in finding which insurance company in Oklahoma is the most affordable. Three criteria were used for assessing the best motorcycle insurance firms in Oklahoma, including the cost of policies for Oklahoma (60% weighting), product offerings and services (30% weighting) and financial stability metrics from AM Best (10% weighting). MoneyGeek uses state DMVs' latest laws and insurance policy requirements to provide you with the most reliable and up-to-date information.