Car insurance calculators offer an easy and quick way to estimate how much your monthly car insurance premium will cost. Simply answer some simple questions to receive personalized quotes from top-rated carriers in three minutes or less.
Oklahoma requires all registered drivers to carry at least minimum liability coverage of 25/50/25, covering $25,000 per person for bodily injuries and $50,000 per accident for property damages. Many drivers opt for comprehensive and collision policies in order to safeguard themselves against the costs resulting from traffic accidents or natural disasters like tornadoes.
Insurance premiums depend on many different factors, with your driving history and credit score playing key roles. If an at-fault accident or multiple speeding tickets appear on your record, insurers will likely perceive you as high-risk customers and increase your rates accordingly.
Your location also plays a key part in your rates as different areas present different amounts of risk to insurers in terms of crime rate, traffic volume and vehicle thefts. Therefore some areas have higher premiums than others – something which you can control by choosing to live in safer areas or taking alternative transportation such as biking or public transit to reach work.
Drivers of all ages should expect their premiums to increase if any traffic incidents appear on their records, from simple speeding tickets to at-fault accidents. Insurance providers tend to raise your rates and classify you as high-risk driver if one or more such incidents arises; these effects could last years after the original incident has passed.
As you get older, your rate should decrease and continue to do so until your early 50s when it may begin to fluctuate again. This is because inexperienced drivers cause more accidents; with age comes more driving experience which will give you a greater chance at avoiding such incidents.
Not only will your driving record and type of car play an impactful role, but how often you drive will also have an effect on your rates. For example, sports or luxury car owners will see higher premiums than standard sedan owners; additionally it is wise to park in an enclosed garage rather than on the street to help reduce rates further.
Nearly anyone can save money on car insurance by shopping around and comparing quotes. A great way to do this is with an online quote comparison tool such as ValChoice; these tools will compare rates from multiple providers and show you which are offering competitive options tailored specifically for you. Furthermore, keep an eye out for discounts available such as student, veteran, safe driver, homeownership or paperless billing discounts with your insurer.