Car insurance in Oklahoma costs $54 per month, on average, or $643 per year. The average cost of car insurance in Oklahoma is 11% lower than the national average auto insurance premium, and Oklahoma ranks 26 out of 50 for the most affordable car insurance rates in the U.S.
What is the average cost of auto insurance in Oklahoma?
The average auto insurance rate in Oklahoma is $1,542 per year — 8% more than the national average. But auto insurance premiums are affected by more than just geography. Auto insurance premiums price based on a number of components, including your marital status, driving history, credit rating, gender, and age.
Why is Oklahoma car insurance so expensive?
Car insurance in Oklahoma is expensive because the state is famously located in “Tornado Alley.” Severe weather patterns resulting in huge claims and a high percentage of uninsured drivers raise insurance prices..
How much is auto insurance a month?
The average cost of car insurance is $1,483 per year. That puts the average car insurance cost per month at $124. Auto insurance quotes vary widely based on individual rating factors.
What is full coverage auto insurance in Oklahoma?
Full coverage insurance in Oklahoma is usually defined as a policy that provides more than the state’s minimum liability coverage, which is $25,000 in bodily injury coverage per person, up to $50,000 per accident, and $25,000 in property damage coverage.
Who has the cheapest car insurance in Oklahoma?
Cheapest Car Insurance in Oklahoma
|1||Geico||$674 per year|
|2||State Farm||$677 per year|
|3||American Farmers & Ranchers Mutual||$703 per year|
|4||USAA||$776 per year|
Is car insurance mandatory in Oklahoma?
Oklahoma requires all drivers to carry car insurance. … Oklahoma law also states that proof of coverage must be kept with you at all times while driving and shown to law enforcement officials at their request.
Which state has the cheapest auto insurance?
Car insurance in Louisiana is now three times more expensive than in Maine. Maine has the cheapest car insurance rate, where you will pay an average of $858 a year.
Is car insurance cheap in Oklahoma?
The average full coverage car insurance policy in Oklahoma costs around $2,460, or $205 per month. To get the best price for your background, we recommend you gather quotes from at least three insurers. In Oklahoma, State Farm had the cheapest full coverage policies on average.
What states have the lowest car insurance rates?
Which U.S. states have the cheapest car insurance? The states with the most affordable car insurance rates are Ohio, New Hampshire and North Carolina. Each of these eastern states boasts average auto insurance rates at least 40% lower than the national average of $124 per month.
What is a good price for car insurance?
The national average cost of car insurance is $1,592 per year, according to NerdWallet’s 2021 rate analysis. That works out to an average car insurance rate of about $133 per month. But that’s just for a good driver with good credit — rates vary widely depending on your history.
How can I make my insurance cheaper?
Listed below are other things you can do to lower your insurance costs.
- Shop around. …
- Before you buy a car, compare insurance costs. …
- Ask for higher deductibles. …
- Reduce coverage on older cars. …
- Buy your homeowners and auto coverage from the same insurer. …
- Maintain a good credit record. …
- Take advantage of low mileage discounts.
Is it better to pay car insurance monthly or every 6 months?
Whether you choose a 6-month or 12-month car insurance policy, it’s always better to pay in full. When you make monthly payments, you’ll probably be charged slightly more on your premiums and may also be subject to additional payment processing fees if you pay electronically.
What is the minimum auto insurance coverage in Oklahoma?
The minimum legal Oklahoma car insurance coverage is: Bodily injury liability coverage: $25,000 per person and $50,000 per accident. Property damage liability coverage: $25,000. Uninsured motorist bodily injury coverage: $25,000 per person and $50,000 per accident*
How long do I have to get insurance on a new car in Oklahoma?
The Oklahoma new-car insurance grace period is 2 to 30 days in most cases. The new-car grace period is how long insured drivers are allowed to drive a newly purchased vehicle before adding it to an existing car insurance policy.
Who has the cheapest online car insurance?
Several major insurance companies offer competitive auto insurance rates online. Nationwide, GEICO and Progressive are the three most affordable auto insurance companies with policies available online, according to The Zebra’s research.