Automobile insurance is an absolute necessity in Oklahoma, but not every insurer offers the same price. Therefore, comparing quotes from several providers is important if you want to find an insurer with competitive prices for your situation – or to explore savings opportunities such as increasing deductibles or bundling policies with renters or homeowners policies.
WalletHub’s car insurance calculator makes calculating car insurance easy! Simply input information about yourself and your car – including which coverage type and deductible amount are most appealing. We then use the information you provide us and compare it against rates from Oklahoma’s premier car insurers, our data being derived from thousands of quotes across Oklahoma ZIP codes. These quotes reflect full coverage, which includes liability coverage beyond Oklahoma’s minimum state minimum requirements as well as collision and comprehensive options. All licensed drivers in Oklahoma are required to carry bodily injury and property damage liability coverage while many drivers opt to add collision and comprehensive for greater protection.
Insurance prices depend on a variety of factors, with your driving history and credit score playing a pivotal role. Drivers with lower scores tend to have a greater risk of filing claims and insurers often charge them more for coverage – an example in Oklahoma being where drivers with poor credit may pay up to two times more for full coverage policies compared with someone who holds an excellent score.
Age can also play a factor when setting insurance rates. Insurance providers tend to charge more for young drivers and seniors due to inexperienced driving and increased accident risks; adding a teen driver could increase premiums up to 2.7x more quickly in Oklahoma.
Your car type also plays an important role in your rates, with smaller and more fuel-efficient cars typically receiving reduced premiums from insurers while larger vehicles such as SUVs or luxury cars often incur much higher insurance premiums due to being considered high risk vehicles for accidents.
Remember, Oklahoma’s minimum liability coverage doesn’t protect against damages from an uninsured driver or “acts of God”, such as hail and storm damage. Comprehensive and collision coverage are typically more affordable than you think and provide peace of mind knowing you are fully protected.