Based on an analysis by WalletHub.com, Oklahoma was the 25th most expensive state for car insurance in 2021.
Car insurance in Oklahoma costs about $117 per month or $1,408 per year on average. Good drivers pay an average of $907 a year; new student drivers pay an average of $7,464 a year and high risk drivers pay $1,920.
Wyoming has the cheapest average annual premiums ($274) while Michigan drivers pay an average annual premium of $1,908.
Tulsa is on the bottom of the list of Oklahoma cities for
“cheap car insurance” in the state. according to WalletHub.
Altus is the cheapest with an $817 annual premium while Tulsa is last with an annual premium of $1,263.
Some other cities are: Muskogee, $941; Stillwater, $944; Lawton, $955; Ponca City, $958; Claremore, $997; Norman, $1,051; Sapulpa, $1,060; Owasso, $1,066; Sand Springs, $1,076; Edmond, $1,141; Bixby, $1,147; Oklahoma City, $1,206; and Broken Arrow, $1,220.
Other Findings:
- Full coverage car insurance costs 228% more than minimum coverage in Oklahoma, on average.
- 16-year-olds pay 461% more for car insurance than 55-year-olds in Oklahoma, on average.
- Drivers with a DUI pay 74% more for car insurance than drivers with a clean record in Oklahoma, on average.
- 61 million Americans have reduced their car insurance coverage due to COVID-19.
- 105 million Americans say they’re not getting their money’s worth from their car insurance.
- 55 million Americans have second thoughts about owning a car due to COVID-19.
Top 10 Cheap Car Insurance Companies in Oklahoma:
- Geico – $674/year
- State Farm – $677/year
- American Farmers & Ranchers Mutual – $703/year
- USAA – $776/year
- Allstate – $1,031/year
- Farmers – $1,093/year
- Progressive – $1,143/year
- Safeco – $1,163/year
- Safe Auto – $1,191/year
- Shelter – $1,218/year
Here is WalletHub’s list for cheapest car insurance in Oklahoma for full coverage (a policy that goes beyond the minimum state requirements for liability) that includes liability, uninsured motorist, collision and comprehensive coverage (with a $500 deductible). WalletHub used a 45-year-old man with a clean driving record and good credit to find the cheapest options.
- $1,401 per year – Geico
- $1,426 per year – State Farm
- $1,502 per year – USAA
- $1,802 per year – Hallmark Financial
- $1,879 per year – Farmers
In Oklahoma, drivers need $25,000 of bodily injury liability insurance per person, up to $50,000 per accident, and $25,000 of property damage liability insurance.
Oklahoma does not require uninsured motorist protection, which replaces the liability coverage an at-fault driver should’ve had and pays for costs up to your policy limits.
State Farm has the cheapest rate after a ticket ($491 per year) and the cheapest policy for older drivers ($491 per year).
American Farmers & Ranchers Mutual has the cheapest rate for drivers with one at-fault accident ($482 per year).
State Farm had the cheapest rate for after ad DUI ($491 per year).
Geico had the cheapest car insurance for drivers with poor credit ($612 per year) and the cheapest policy for young drivers ($878 per year).