Car Insurance in Oklahoma

There may be a chicken and egg situation going on in Oklahoma. It has one of the largest Uninsured Drivers numbers at 24%, which is far too scary to tell the obvious and much worse than nearly all others. Partly because of them state automobile insurance rates are one of the highest in the country as well. So, it is a tough situation for the authorities to solve since it is hard to determine where to start.

Expensive premiums may be the reason why so many people skip coverage, which has the effect of forcing costs up for the rest. Clearly, policyholders have to pay enough to settle all the claims for the system to work. Who else is going to pay for them?

On the bright side, employment appears to be good and living costs are much lower. This suggests that the above problems may be solved like it has been in California. The authorities must be concerned with the situation and they may tackle it with penalties, education and making affordable policies available to low income families. Otherwise, 76% of motorists will have to pay unfair amounts to compensate for the 24%. 

Auto Insurance Requirements in Oklahoma

Pictures from Oklahoma

  • $25,000 for bodily injury or death per person.
  • $50,000 total for bodily injury or death per accident.
  • $25,000 for property damage. 

Even though there are obvious problems with policy take-ups, buying the basic Liability only is never really enough. Most people increase these limits at least 5 times and include Collision, Comprehensive and Uninsured Motorists Coverage to be protected properly. This is something to think about if you don’t have a full policy and have a valuable enough automobile to protect.

Uninsured Motorist provision is there to take care of your losses if a driver with no coverage hits you. It is extra important here as you are dancing with dangers every day on the roads. You are 1/4 likely to get involved in an accident with one of them. This is something you shouldn’t ignore and deal with appropriately. You really cannot chase them and even if you catch them they wouldn’t have money to pay for your damages anyway. So the best thing to do is to make sure you purchase the necessary protection. 

Auto Insurance Prices in Oklahoma

The average premium cost is $768 and it is cheaper than the US average. However, it shoots up to $1,778 when you want to buy full coverage vehicle insurance. The gap between average expenditure and cost of a decent policy, which includes own automobile damages as well, is far too wide. This suggests that most people buy a basic Liability policy. This is usually the case in states with lower average household income, in comparison to others.

When the premiums are high the stakes are high too. You can save hundreds of dollars by shopping around for the best value coverage. There are many websites you can visit online to get quotes. Whichever option you choose you should be able to see some improvements in prices, especially if you have been staying put without checking alternatives for some time. You probably don’t mind spending a little bit more if you feel a particular car insurer will do a better job with claims. But paying hundreds of dollars more year after year may be stretching this trust thing a bit. Perhaps you should get a few automobile insurance quotes online and see how they line up before you call it?

What you don’t want to do is to be penalized because of other drivers in the area. These days companies are working a lot smarter to separate the wheat from the chaff pretty efficiently so that they can price the risk accurately. A successful underwriting structure rewards good drivers with great savings while penalizing the bad ones with higher rates. He who causes the most damages should pay the most. It is a simple logic that works in your favor if you have a clean record and no claim.

Best Priced Vehicle Insurers in Oklahoma

You should start the search for affordable prices with the below companies. This will give you a distinct advantage although there is no guarantee that they would offer you the cheapest quotes. Therefore, you shouldn’t stop with them but get a few more.

  • GEICO, $725
  • Oklahoma Farmers Union, $1,038
  • State Farm, $1,038

Every proposal form is different in so many ways and you may just not be an attractive enough proposition for them. Actually, they may even try to price you out if you have a bad credit score, recent accident history or tickets on the record. It is what it is and you need to find the one that would be happy with your details.

You should know that you could pay more than one thousand dollars with the most expensive auto insurance quote in comparison with the cheapest quote. This highlights the need to shop around hard and not to give up easily after one or two estimates. It may not be your cup of tea but you really need to stick to this one principle. 

Also, age appears to be an important factor in the Sooner State where older drivers get cheaper rates than younger ones. That may require you to think about how you can arrange coverage. For example, a couple may choose to have the policy under the older partner’s name if it will save them enough money to go to trouble. You should also check if you could get a better deal if you have a female partner as the lead driver. These are simple tricks to get cheaper car insurance and they work best when the costs are particularly high as it is in here.

The most expensive cities are Tulsa and Oklahoma City and their residents have to work harder to reduce rates. Things like having private parking and driving low mileage can help reduce prices in cities. Thanks to better public transport in cities this is achievable. You can also try to save some money by improving the credit score, paying in full to avoid credit charges and so on.

Of course the most effective ways to save are keeping good records, avoiding claims, choosing coverage carefully and shopping for the best deals. Therefore, you should perhaps think it over before making a claim, especially when the damages are contained with only your vehicle and they are manageable. You don’t want to take it with a spoon and pay it back with a ladle. That is exactly what happens when you make small claims as the premium can go up considerably at the next renewal.