Oklahoma Car Insurance

Oklahoma car insurance is a valuable commodity. Not only is it the law in Oklahoma to carry insurance on all operational vehicles, it is beneficial for you and for other drivers to carry Oklahoma auto insurance. The protection that car insurance for OK drivers offers should not be undervalued, and if you have ever been in an accident, then you are well aware of this fact.

Required Minimums for Oklahoma Auto Insurance Coverage

Although the minimum liability coverage that all drivers are required to carry is higher than the national average, it is balanced by the fact that the average premium is around $700, which is around $200 less than the national average. This means that a good driver with Oklahoma car insurance is paying less money for more coverage. The Oklahoma minimum liability coverage is:

$25,000 for injury or death of one person

$50,000 for injury or death of more than one person

$25,000 for damage to property

In most insurance policies, the liability coverage is often shown as 25/50/25 rather than spelled out.

It is highly recommended that drivers carry more than the required minimums for their car insurance. A car accident can take a heavy toll on your finances and having adequate coverage often is the only reason that many drivers are able financially to survive the ensuing costs. This is because Oklahoma is a Tort law state, which means that if someone is injured in a car accident and you are found to be at fault, you are required to pay all expenses related to that accident. If you do not have adequate coverage, then the injured person is able to sue you in civil court to recoup their costs.

Consider, also, the rising cost of medical services. In the event that you are in an accident that causes injuries to yourself or others, if you are at fault then you are responsible for the costs. In Oklahoma, the average cost of one night in a hospital without surgery is about $1,200. This is for standard care; the cost of a surgery can increase the initial costs by around $7,000 plus the cost of care, medication, doctor’s costs, lab costs, etc. As you can see, Oklahoma car insurance will save you money if you are in a car accident.

How to Choose the Best Oklahoma Car Insurance Policy

Choosing the right car insurance for your situation may require a bit of research. Every person has different needs, and it is up to you to determine how much coverage you would like to have. Some of the things you should take into consideration when determining your insurance needs are:

Are you married or single 

 often a single person has less obligations and as such does not need as much coverage as someone with a family.

Do you have health insurance 

some health insurance policies will help cover the cost of your injuries, however, you should check with your health insurance company before considering how much injury coverage you need.

Do you have disability insurance 

 if you have disability insurance that will pay for your time out of work, then you can consider lower coverage.

Type of Oklahoma Car Insurance

Other than your required minimums, there are several other types of Oklahoma auto insurance that you should consider purchasing for your vehicle. The more coverage you carry the less stress you will encounter if you are in an accident. Oklahoma insurance companies offer the following additional options for your auto insurance policy:


Comprehensive coverage 

 covers your vehicle for damage or loss not caused by a car accident, such as theft, weather damage, fire, etc. (cost varies per vehicle type.)

Uninsured motorist coverage 

 covers your costs in an accident if the person at fault in an accident is not covered by Oklahoma auto insurance. Oklahoma state law protects the motorist from an increase in premiums if they have to make an uninsured motorist claim. (Average premium increase of $70 for 25/50 coverage)

Underinsured motorist coverage 

 pays the difference in cost for injuries or car repair not covered by the at fault drivers insurance. (This is only available for use if you are not at fault for the accident). (Average premium increase of $50 for 25K of coverage)

Rental reimbursement 

 covers the cost of a rental car while your vehicle is being repaired or replaced after an accident. (Average premium increase of $19 for $30 a day coverage)

Towing and labor 

 covers your vehicle if it breaks down and may cover flat tires, locksmith and jump-starts. (Average premium increase of $6)

Medical payments 

additional coverage for the injured passengers in your vehicle. (Average $50 premium for $2,000 of coverage)

GAP insurance 

 usually a separate insurance policy that covers the amount owed to your finance company that exceeds the actual value of your vehicle and can only be claimed if your vehicle is totaled in an accident. (Cost varies per vehicle)

Excess electronic equipment 

 covers the cost of electronic equipment in your vehicle if damaged or lost in an accident. (Cost varies based on determined value of equipment)

Oklahoma Auto Insurance Discounts

There are ways to get discounts on your Oklahoma auto insurance included having a good driving record, extra safety features on your car, and more. When you are exploring your Oklahoma auto insurance options, make sure to investigate all of the discounts available and use all that you can.



Save Money by Getting Oklahoma Car Insurance Quotes Online

The most important thing to remember when purchasing Oklahoma auto insurance is to get quotes from multiple sources. By using the quote tool above, you can get Oklahoma auto insurance quotes from many companies and choose the best one for you. Get started saving some money today!

No matter where you live throughout the country, different types of insurance policies are available to protect your health, your property, your business, and your wallet in the event of an incident, and the difference between insurance costs from one state to the next can tell you plenty. In Oklahoma, insurance quotes are rather modest for some policies, and surprisingly high for others; knowing what makes some types of insurance policies more costly is often beneficial, as this knowledge can give you hints on lowering your rates or finding a better policy for your specific situation. Here are a few facts (and a bit of advice) that can help you better understand Oklahoma insurance, and hopefully lead you to the best policies possible.

Oklahoma Insurance Quotes: Homeowners and Renters

Two of the most common types of Oklahoma insurance are homeowners and renters policies. Though the cost of living is relatively low throughout Oklahoma, insurance quotes are higher than normal when taking out a policy on a house. The high frequency of tornadoes, high winds, and hail make insuring property in the Sooner State a bit risky, and homeowners policies reflect this, with some of the highest average rates in the country. When we look at HO-3 policies (the most common homeowners policy in the country), the average cost of Oklahoma insurance is $1,018, putting it well above the national average of $804.

When it comes to HO-4 coverage (otherwise known as renters insurance), Oklahoma is, again, higher than the national average ($230 compared to $189). When examining any kind of homeowners insurance quotes, Oklahoma residents should be particularly aware of the types of perils each policy covers; if you find a quote that is much lower than the competition, it may not cover damage due to wind, tornado, or hail, making it a difficult policy to justify.

Oklahoma Auto Insurance Quotes

Unlike homeowners insurance, Oklahoma car insurance is much more in keeping with the national averages. In fact, Sooners pay an average of $646 a year for auto insurance, which is well below the national average of $795. When it comes to vehicles, Oklahoma insurance quotes are more reasonably priced because many of the risk factors like high population density and high rates of crime and vandalism are simply not an issue for most areas throughout the state.

As is the case in most states, to operate a vehicle in Oklahoma, insurance is required by law. The minimum amount of car insurance you absolutely must carry is 25/50/25 ($25,000 coverage for personal injury per person, $50,000 coverage personal injury per accident, and $25,000 coverage for property damage). This minimal coverage is liability insurance designed to compensate the other vehicle when you are at fault, and doesn’t provide coverage for you, your passengers, or your car. Of course, most insurance companies will tell you that the minimum amount of coverage in any state is too little coverage to fully cover a serious accident, so getting additional coverage is often recommended.

Lowering Oklahoma Insurance Rates

There are many things you can do to lower Oklahoma insurance rates (without raising your deductible or reducing your coverage), and most of them involve making you, your home, or your property seem less of a risk. Adding safety equipment like anti-theft devices and fire safety equipment to your home can lower your rates, as can installing weather-resistant materials that are less likely to be damaged due to hail. For your vehicle, improving your credit score, installing a burglar alarm, or moving to a less populous area will generally bring lower rates.

Finding Oklahoma Insurance Quotes

Another way to lower the cost of Oklahoma insurance is to change insurance providers. Often, different companies will offer different rates to the same person in the same situation, which means that lower rates for a similar policy are often available. The only way to tell if using a different insurance provider will save you money, however, is to get multiple quotes from the competition for your health insurance, auto insurance, life insurance, business insurance or home insurance. Here’s where NetQuote can help. Simply put in your zip code and fill out a brief form, and NetQuote will provide you with several Oklahoma insurance quotes to compare. Remember: getting quotes is free, but if there is a cheaper policy out there that you don’t know about, you could be paying hundreds of dollar a year more than you need to.