Oklahoma Auto Insurance

Auto insurance in Oklahoma

All vehicle owners are obliged to purchase a valid insurance policy, which is necessary in case of vehicle-related events (accidents in particular). Whether the respective vehicle is used for personal or professional purposes, having insurance is not optional. Without an adequate insurance policy, drivers are liable for fines of up to $1,000 and might have their driver's license or vehicle registration suspended, for up to six months. If you are looking to discover more information on the topic of auto insurance in Oklahoma, just keep on reading this article.

What type of car insurance do you legally need in Oklahoma?

According to the Mandatory Liability Insurance Act, all Oklahoma residents who intend to operate a moving vehicle must have a liability insurance policy. If there is a lapse in the mandatory insurance, the associated vehicle documents might be suspended for several months or more. All the states have access to an online insurance verification system, which is instantly used to determine whether a vehicle has insurance or not.

For resident to operate a vehicle in the state of Oklahoma, the respective auto insurance must meet several requirements. These include: bodily injury liability ($50,000 per accident and $25,000 per person), property damage liability ($25,000 per accident), and uninsured motorist bodily injury ($50,000 per accident and $25,000 per person). It is worth mentioning that the full coverage insurance is more beneficial than the minimum liability coverage, as you can add options such as comprehensive and collision insurance. The specialists in the field advise drivers on choosing a higher liability companies limit than the one imposed by law in Oklahoma. Thus, they will be protected, should the worst-case scenario occur.

The above-mentioned sounds refer to the amounts insurance providers are able to pay, should the vehicle owner be involved in an accident for which he/she is at fault. The law requires that all drivers carry a copy of their insurance policy while driving. Naturally, driving without insurance is illegal in Oklahoma, with consequences including legal files and the suspension of one's driving documents (driver's license, vehicle registration). If one continues to drive without a valid insurance policy, jail time might be legally enforced.

Average cost of auto insurance in Oklahoma

How much does auto insurance cost in Oklahoma? The state minimum auto insurance policy in Oklahoma has a value of $482. However, a full coverage insurance policy has an average value of $1,592 per year. Collision and comprehensive insurance are not always included in this policy, which means you have to calculate your budget accordingly. Among the factors influencing the overall insurance rates, there are: type of vehicle, marital status, presence of prior insurance, gender, number of miles driven, age, location, and driving record. The best thing one can do is opt for an insurance policy that offers the best possible coverage, avoiding those that are suspiciously cheap.

The average cost of auto insurance differs from one state to the other. Such variations are to be expected for both the minimum and full version coverage, including when it comes to options such as comprehensive and collision insurance. The factors influencing these values include: weather-related accidents, at-fault accidents, number of drivers versus the general population, number of uninsured drivers in the city, and road conditions.

Oklahoma has a lower rate for the average car insurance than the national median, which is around $1,770. The states with the most expensive policies include: Pennsylvania, New York, Nevada, Michigan, Louisiana, Florida, Colorado, and California. As for the most affordable states, these are: Wisconsin, Washington, Tennessee, Oregon, North Dakota, New Mexico, Nebraska, and Maine. New York is the most expensive, with $2,996 for the full coverage and $1,339 for the minimum one. On the other hand, Maine is the most affordable, with $876 for the full coverage and $227 for the minimum one.

Within the state of Oklahoma, you might also find variations between the different cities. Norman has some of the most affordable rates to offer, while Edmond stands at the top of the list in terms of cost. The average annual premiums are as follows: Norman - $1,931; Edmond - $1,931; Broken Arrow - $1,988; Oklahoma City - $2,068; Tulsa - $2,095.

The driver's age represents one of the main factors influencing the value of auto insurance. Typically, young drivers pay more for this type of insurance, as insurance companies perceive them as immature and more likely to cause accidents. While a teenage driver is accustomed to an annual premium of over $7,700, a middle-aged driver will be prepared for a premium that is close to $2,000. Slight differences are also present between genders, with men benefiting from more affordable rates than women. Married couples also benefit from the most affordable coverages, in contrast to those who are divorced, single, or widowed.

In calculating the value of a potential coverage policy, auto insurance companies will analyze the driver's credit history. Drivers with exceptional credit almost always save important sums on their auto insurance premiums, as opposed to those with a poor credit history, who might struggle to cover the higher rates. Increases are also seen in those with prior driving offenses, such as DUI/DWI, at-fault accidents, speeding, or reckless driving. The rates might vary in accordance with the preferred type of coverage. Drivers are encouraged to add both comprehensive and collision to the state minimum policy, in order to increase the level of protection offered.

Did not find your city or county on the list? Please use our auto insurance companies search box at the top to locate all the best auto insurance quotes in Oklahoma. Find car insurance in Oklahoma by city, zip code or county name.

Finding the right auto insurance in Oklahoma

If you are having a hard time coming across the right insurance policy, perhaps our expert assistance will help. With years of knowledge and experience accumulated in the field of auto insurance, we are happy to match drivers with the best policies for their needs. In suggesting a particular policy, we will also take the available budget into account. Just give us a call and we will be more than pleased to offer all the support you might require. Keep in mind that this service is free-of-charge and it will save you from a daunting research process, leaving you with more time to focus on other important matters.