Car insurance in Oklahoma

Posted on September 26, 2014

Numerous options exist for Oklahoma drivers seeking car insurance. Here’s the latest available information on how to get the sweetest possible deal on car insurance in the state of Oklahoma. Read on for recent rates, laws, hidden discounts and helpful hints on choosing the Oklahoma auto insurance package that best suits your individual needs.

Oklahoma Minimum Liability Coverage

The minimum requirement for auto insurance coverage in Oklahoma is $25,000 in Personal Injury Protection, $50,000 in coverage for others who are injured and $25,000 in coverage against property damage. Insurance carriers know this minimum as 25/50/25. However, experts recommend at least 100./300 coverage in order to cover the real costs associated with an auto accident. Also recommended is Uninsured Motorist Insurance (UMI).

Penalties for Driving Without Insurance in Oklahoma

Statistical estimates indicate that roughly 24% of drivers in the state of Oklahoma are driving uninsured vehicles. In fact, Oklahoma has the fourth highest rate of uninsured motorists of all U.S. states, according to reports from the Insurance Research Council.

The penalty for driving an uninsured vehicle in the state of Oklahoma is a fine of up to $250 and/or as much as 30 days in jail. Uninsured motorists also lose their driving privileges until a reinstatement fee is paid in full and proof of insurance is provided.

Auto Insurance Rates in Oklahoma

Oklahoma’s average annual premium on car insurance in 2016 was $1,778. Compare this figure with the national average, which was $1,347. Oklahoma’s high average premium rate for car insurance may be the result of harsh weather conditions, combined with a weak economy, and a high percentage of uninsured drivers on the road.

Low Cost Car Insurance Programs in Oklahoma

Oklahoma, like many other states, is filled with auto insurance carriers who offer discounts for behavior conducive to traffic safety. These include Accident-Free discounts, Good-Driver discounts, Good Student discounts, Senior Citizen discounts and Vehicle Safety discounts, to name a few. Vehicle insurance carriers also offer multiple policy discounts, multiple auto discounts, and others. Ask about discounts whenever you compare quotes from auto insurance representatives. Shop around. Contact numerous car insurance carriers to find the lowest possible rate on annual premiums.

Obtaining Auto Insurance Quotes in Oklahoma

According to a study of online consumer reviews, the most highly acclaimed auto insurance providers among Oklahoma vehicle owners are Allstate, Farmers Insurance, Geico, Esurance, Liberty Mutual, State Farm and Progressive. However, some Oklahoma residents opt for established, well reputed local carriers like Auto Insurance Center or Metro Express. Either way, Oklahoma is home to more than five hundred auto insurance agents who can answer all your questions and provide competitive quotes for auto insurance. You can also obtain free quotes online. For a thorough cost comparison, contact numerous local agents. Any of them will be glad to assist you.

Oklahoma Car Insurance

Read this informative post to find out all you need to know about Oklahoma car insurance. Find here answers to the questions on your mind about how to insure your personal auto in the state of Oklahoma, and how much Oklahoma drivers can expect to pay in annual premium rates.

Learn about Oklahoma poverty statistics, Oklahoma rates of unemployment, median incomes in Oklahoma, and statistics regarding Oklahoma drivers. Study the details of particular Oklahoma neighborhoods with a list of average car insurance quotes from eight different Oklahoma zip codes. The variance in car insurance rates between zip codes in Oklahoma can be a crucial factor in lowering the cost of Oklahoma car insurance premiums.

Read about the types and amounts of car insurance coverage Oklahoma drivers need. See a list of the 10 largest car insurance companies in Oklahoma, followed by a list of the 10 largest car insurance companies in America. You’ll even find a fun collection of outdated Oklahoma traffic laws. Best of all, this page will show drivers in the state of Oklahoma how to lower their car insurance premium rates.

This info will benefit any driver who might buy an Oklahoma car insurance policy, or anyone who wants to know more about the state of Oklahoma.

Oklahoma Car Insurance Statistics

Based on a 2016 population estimate, the state of Oklahoma is home to more than 3.9 million people. About a million of them live in either Oklahoma City or Tulsa. Oklahoma City has a larger population, but Tulsa has the higher rates on car insurance premiums, perhaps due to the difference in population density: Oklahoma City has a population density of 930 people per square mile, while the population density of Tulsa is about 2,074 people per square mile.

The median age of the residents of Oklahoma is about 36.3 years. Oklahoma’s poverty rate is around 16.1 percent, a little bit higher than the national average poverty rate of 13.5 percent. More than one in six people who live in Oklahoma are surviving at or below the poverty line. However, Oklahoma’s unemployment rate is about 4.3 percent, which is right around the national average unemployment rate of 4.4 percent.

Recently, a group of analysts at the Insurance Research Council studied a group of drivers in the state of Oklahoma. The study revealed that roughly 26 percent (more than 1 out of every 4!) vehicles on Oklahoma roads is uninsured. Among states, Oklahoma has the highest rate of uninsured drivers in America.

Drivers in Oklahoma often wonder about the average premium rate for Oklahoma car insurance. According to a 2017 study, the statewide average annual premium rate for a car insurance policy purchased in the state of Oklahoma was roughly $1,643. This figure is quite a bit higher than the national average car insurance rate for the same time period, which was about $1,355. Oklahoma is actually the 11^th most expensive state in the nation, on average, to purchase car insurance.

The 10 Largest Oklahoma Car Insurance Companies

It may seem confusing to select an Oklahoma car insurance company at first, as there are so just many to choose from. To get started, here’s a list of the ten largest car insurance companies in Oklahoma, based on the total dollar amount of premiums written. Also noted is each company’s market share within the state of Oklahoma.

Rank	Company	Premiums ($)	Market Share (%)
1	State Farm Group	$513,732	23.41
2	Farmers Insurance Group	$305,571	13.92
3	Progressive Insurance Group	$155,091	7.07
4	Allstate Insurance Group	$152,997	6.97
5	Liberty Mutual Insurance	$137,232	6.25
6	USAA Group	$130,913	5.97
7	Berkshire Hathaway Insurance	$122,502	5.58
8	OK Farm Bureau Group	$115,862	5.28
9	Shelter Insurance Companies	$76,899	3.5
10	CSAA Insurance Group	$67,267	3.07

According to this list, State Farm Insurance holds nearly one quarter of all car insurance policies sold in the state of Oklahoma. Still, there are many major Oklahoma car insurance companies to consider, and also a number of smaller, regional carriers. There is no such thing as The One Best Oklahoma Car Insurance Company. The best car insurance company for you depends on your demographics.

A study from insure.com reveals that the ten largest car insurance companies in America are Allstate Insurance, State Farm Insurance, Geico, Progressive Insurance, Nationwide Group, AAA, Liberty Mutual Insurance, 21^st Century Insurance, GMAC, and AIG, in that order. These auto insurance companies were also ranked by their total yearly dollar amount in written premiums.

Cutting Costs on Oklahoma Car Insurance

Oklahoma drivers can find many clever ways to minimize their car insurance premiums.

All drivers should read consumer reviews of various car insurance companies. Auto insurance companies are typically competitive with each other, each one offering slightly different discount deals. Reading reviews will help you choose a carrier. Understand that all car insurance companies receive negative reviews. It’s an occupational hazard of all major companies that have millions of customers.

Make a list of all the Oklahoma car insurance companies you prefer. Then visit the websites of each company and compare quotes online for several Oklahoma zip codes near you. For example, you could enter your home zip code, your work zip code, and your school zip code.

Also, be sure to cop all the discounts you can get. If you think you qualify for a discount, call the insurance company and ask an agent. Be extremely proactive when you ask for discounts. Ask about billing discounts, occupational discounts, vehicle discounts, good student discounts, good driver discounts, and so on.

Comparing quotes for different zip codes and researching the discounts are great ways to reduce your premium rates on Oklahoma car insurance.

What Types Of Car Insurance Do Oklahoma Drivers Need?

Oklahoma state law demands that car insurance policies have minimum liability limits of $25,000 in bodily injury protection per person, $50,000 coverage per accident, and $25,000 insurance to cover the cost of property damage.

Also highly recommended (though not required) are the same liability limits in uninsured and underinsured motorist protection (UMI). As mentioned, Oklahoma has the nation’s highest rate of uninsured drivers. What’s more, most drivers are underinsured if they only purchased the state-mandated minimum required coverage.

State minimum liability limits on car insurance policies are often insufficient to cover the cost of actual auto accidents. United States insurance experts recommend that Oklahoma drivers (and all drivers in America) purchase more than the minimum amount of car insurance required by the state. Insurance analysts suggest $100,000 coverage for personal injury protection, $300,000 against bodily injury to others, and at least $50,000 insurance to cover the cost of property damage.

Oklahoma drivers might also buy comprehensive and collision coverage. These will cover the cost of financially ruinous events such as collisions, flying objects, wind and hail damage, wildfires, floods, vandalism, and car theft, among other things.

Odd and Outdated Oklahoma Traffic Laws

In the state of Oklahoma, it is against the law to read a comic book while driving. (So the next time you drive through Oklahoma, read a romance novel instead.)
It is illegal in Oklahoma to carry a fish in a fishbowl on a public bus. (The fish will just have to wait until it gets home to breathe.)
It is illegal in the state of Oklahoma to have tissues in the back seat of your car.
In the state of Oklahoma, cars must be tied up outside public buildings.
It is illegal to play catch on any city street in Bartlesville (but if you travel 50 miles to the south, you can play catch on any city street in Tulsa).
It is unlawful to “molest” and automobile in Clinton.
In Moore, it is illegal to drive with a trailer hitch attached to your vehicle.
Elephants are not permitted on the streets of downtown Tulsa. (Who knew?)

Best And Worst Zip Codes For Oklahoma Car Insurance

Premiums for Oklahoma car insurance span a broad range of rates, depending on your particular Oklahoma zip code. Auto insurance premium rates are determined by the driver’s driving record, and also by the driver’s zip code demographic. Rates can change between zip codes due to population density, unemployment rates, median resident age, median income levels, poverty statistics, crime data, and the percentage of uninsured drivers on the road, for example.

Here is a list of the four priciest zip codes to buy Oklahoma car insurance. Annual premium rates in these neighborhoods can range from about $1,300 to around $3,430.

Zip Code	Pop Density	Unemployed %	Poverty %
74106 (Tulsa)	2,397	16.90%	41.70%

Roughly 18,000 people live in this Tulsa zip code. Despite the car-insurance-friendly low population density, the poverty rate in this neighborhood is quite high above the 16.1 percent state average. Also, unemployment is almost four times the state average of 4.3 percent.

Zip Code	Pop Density	Unemployed %	Poverty %
74103 (Tulsa)	3,497	15.80%	31.90%

This Tulsa neighborhood is home to about 2,000 residents. Although he population density is average, the unemployment rate is well over three times the state average, and the poverty rate in this zip code is nearly twice the state average.

Zip Code	Pop Density	Unemployed %	Poverty %
74110 (Tulsa)	2,613	13.50%	20.70%

Approximately 16,000 people live in this urban zip code. The population density is average, but the unemployment rate and the poverty rate are quite far above the state average.

Zip Code	Pop Density	Unemployed %	Poverty %
74115 (Tulsa)	1,493	11.50%	30.20%

This neighborhood is home to more than 23,000 people. The population density is average, but the poverty and unemployment rates in this zip code are still higher than the state average.

Compare the above Oklahoma zip codes to the ones shown below. Here are the four cheapest zip codes (on average) in the state of Oklahoma to buy car insurance. Annual premium rates in the cheapest zip codes in Oklahoma can range from about $830 to around $2,050.

Zip Code	Pop Density	Unemployed %	Poverty %
73542 (Frederick)	13	6.80%	25.40%

This Tillman County zip code is located in southern Oklahoma, less than 20 miles north of the Red River that borders the state of Texas. This neighborhood is home to fewer than 5,000 people. The population density is hardly worth mentioning, but the poverty and unemployment rates are above the state average in this neighborhood.

Zip Code	Pop Density	Unemployed %	Poverty %
73538 (Elgin)	73	4.80%	22.20%

Fewer than 6,000 people live in this Comanche County neighborhood, where the population density is low, and the unemployment rate hovers just above the state average. The poverty rate is slightly high in this zip code.

Zip Code	Pop Density	Unemployed %	Poverty %
73555 (Manitou)	12	5.90%	44.20%

This Tillman County zip code is located about ten miles northeast of Frederick, and is home to only about 250 people. Nearly half of them live at or below the poverty line. The population density is very light in this neighborhood.

Zip Code	Pop Density	Unemployed %	Poverty %
73557 (Medicine Park)	99	10.30%	16.50%

Located along the southern shore of Lake Lawtonka, about 100 miles southwest of Oklahoma City, this Comanche County neighborhood is home to fewer than 500 people. The population density is light, and the poverty rate is very near the 16.1 percent state average. However, the unemployment rate is well above 4.3 percent state average.

Overall, the state of Oklahoma is home to 763 zip codes spread out over 77 counties containing 583 cities, from Ada to Yukon and every town between. There is quite a large difference in premium rates between the cheapest zip codes and the most expensive zip codes to buy Oklahoma car insurance.

Look up your Oklahoma zip codes today. See how much you can save on Oklahoma car insurance.

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