Everything You Need to Know About Auto Insurance in Oklahoma

Oklahoma is a state in the south-central region of the United States. It is known for its landscapes, which include hills, plains, and forests. The state is also rich in cultural and historical attractions, such as museums, galleries, and heritage sites that offer visitors insights into the history and traditions of the region.

Tourists can explore the beauty found in Oklahoma’s numerous state parks, such as the Grand Lake o’ the Cherokees or the Little Sahara State Park. Additionally, the state is home to a variety of wildlife that can be discovered through activities like hiking, fishing, and birdwatching.

Oklahoma drivers need to have proper automobile insurance coverage to avoid any unforeseen issues. InsureOne provides affordable and reliable coverage options that can give you peace of mind during your travels, wherever you go.

How Much Does Car Insurance Cost in Oklahoma?

The average cost of full coverage car insurance in Oklahoma is $1,998 per year, which is $16 lower than the national average of $2,014.

While the cost of full coverage is close to the national average, Oklahoma’s average minimum coverage rate is significantly lower. On a national scale, the average annual premium for a minimum coverage policy is $622, whereas in Oklahoma, it is only $406.

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What Does Full Coverage vs Minimum Liability Mean?

Car insurance coverage can be categorized into two main types: full coverage and minimum liability. Full coverage car insurance includes liability coverage as well as comprehensive and collision coverage.

Liability coverage protects you financially if you cause an accident and are held responsible for the damages or injuries sustained by others. Comprehensive coverage protects your own vehicle against damages caused by incidents other than accidents, such as theft, vandalism, fire, or natural disasters. Collision coverage, on the other hand, covers damages to your vehicle that occur as a result of a collision, regardless of fault.

Full coverage provides a more complete level of protection, but it typically comes with higher premiums due to the increased coverage options.

Minimum liability car insurance, as the name suggests, provides only the minimum amount of coverage required by law. It includes liability coverage for bodily injury and property

damage, without any additional coverage for your own vehicle. While minimum liability insurance meets the legal requirements, it offers limited protection for you and your car.

Choosing between full coverage and minimum liability car insurance depends on various factors, including your budget, the value of your vehicle, and your own risk tolerance. It’s important to carefully evaluate your needs and consider the potential risks before making a decision. Consulting with an insurance professional can also help you make an informed choice based on your specific circumstances.

Affordable Car Insurance Rates Comparison by Cities in Oklahoma

For a comparison of the average monthly premiums drivers pay in different cities across the state, check out our breakdown below.

City Full Coverage Insurance Liability Insurance Coverage
Oklahoma City $177 $42
Tulsa $167 $39
Norman $155 $37
Edmond $162 $38
Lawton $145 $30
Moore $163 $39
Stillwater $149 $30

Our average monthly premiums by city are based on the following methodology: male, age 30, lowest possible legal coverage allowed by Oklahoma.

How Bundling Your Vehicle and Homeowners Insurance Can Save You Money in Oklahoma

In Oklahoma, residents have the opportunity to save a considerable amount of money by bundling their car and homeowners insurance policies.

By combining these policies, you can potentially save an estimated $822 per year, which translates to roughly 14% of the total premium cost. Bundling not only delivers significant savings compared to purchasing separate policies but also offers the added convenience of consolidating both coverages with a single provider.

To start saving and reaping the benefits of bundled insurance, simply get in touch with an InsureOne agent. They are eager to help you navigate through your options and customize a policy that perfectly fits your needs.

What Types of Auto Discounts Are Available in Oklahoma?

Obtaining driver discounts offers a surefire way to reduce your insurance premiums. This is particularly true when you qualify for multiple discounts, further increasing your savings potential.

Some of the driver discounts available in Oklahoma include:

  • Military
  • Anti-theft
  • Defensive driver
  • Good driver
  • Good student
  • Loyalty
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Oklahoma Car Insurance Laws

In order to drive legally in Oklahoma, it is necessary to have auto insurance. Even a single day without coverage can result in your insurance company reporting it to the state, potentially leading to fines and suspensions.

This state has a minimum mandatory liability coverage requirement of 25/50/25. Here’s a closer look at what this means.

What Are the Mandatory Car Insurance Requirements in Oklahoma?

In Oklahoma is necessary to maintain the following minimum insurance coverage:

  • Bodily injury liability coverage: $25,000 per person / $50,000 per accident
  • Property damage liability coverage: $25,000

These minimum requirements may not be sufficient to cover all expenses resulting from an accident, potentially leaving you with out-of-pocket costs. Therefore, it is recommended to explore additional coverage options such as collision car insurance and comprehensive car insurance.

Alternatively, you may consider raising the limits of your liability coverage. By increasing your coverage, you decrease the likelihood of experiencing significant out-of-pocket expenses when paying for damages on your own.

What Is the Penalty for Driving Without Insurance in Oklahoma?

Driving without insurance in Oklahoma is strongly discouraged and comes with serious consequences. It is considered a misdemeanor offense, and first-time offenders can face fines of up to $250. Additionally, your license and registration will be suspended for one year or until you provide proof of insurance.

Reinstating your license and registration requires paying a $275 reinstatement fee, a $125 administrative fee, and a $175 modified driver’s license fee.

If you get into an accident without insurance, you may face a 30-day jail sentence and be held responsible for all accident-related costs.

One positive aspect is that Oklahoma does not require an SR-22 certificate filing, which is a relief compared to many other states. However, it is still crucial to have proper insurance coverage to avoid legal trouble and significant expenses in the event of an accident.

What Factors Does Oklahoma Law Allow in Determining Your Premiums?

Insurance providers take several factors into account when determining the cost of auto insurance. Some of the most important factors include:

  • Age
  • Gender
  • Driving record
  • Claims history
  • Zip code
  • Marital status
  • Make and model of the vehicle
  • Credit score

Aside from these variables, insurers also consider the coverage type, as well as the limits and deductibles chosen by the policyholder. Policy limits represent the maximum amount that an insurance policy will pay for a loss, while the deductible is the amount that policyholders pay for a covered loss before insurance kicks in to pay the remaining expenses.

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What Happens If I Damage Property?

Having the minimum property damage liability coverage of $25,000 means that your insurance company will cover costs up to that amount. However, if the repair expenses surpass that limit, you may be required to pay out of your own pocket or face potential legal consequences, such as having your assets seized.

There are two categories of property to consider: personal property and public property.

Personal property includes any belongings owned by others. This can range from damaging someone’s fence or backing into their mailbox. It’s important to note that failing to stop and report an incident could result in being charged with leaving the scene of an accident. If a fence is in place to contain livestock and you don’t stop, it could create a hazardous situation where other drivers might collide with animals in the dark.

On the other hand, public property refers to items owned by the government, such as public mailboxes, guardrails, and stop signs.

To illustrate the potential cost involved in repairing public property:

  • Traffic signals: $3,000
  • Stop sign: $500
  • USPS mailboxes: $750

At InsureOne, we are here to assist you in finding the most suitable and affordable insurance policy. Our goal is to ensure that in the unfortunate event of a car accident, you won’t have to drain your bank account to cover the costs.

What Is Driving Like in Oklahoma?

In Oklahoma, weather conditions such as severe weather, winter weather, high winds, heavy rainfall, and extreme heat can make driving more challenging.

To stay safe on the road, it’s important to keep an eye on current weather conditions, adjust driving habits, and follow safe driving practices.

How Many Car Accidents Happen in Oklahoma?

In 2021, there were 762 fatalities on Oklahoma roads, which is a significant 16.5% increase from the previous year’s 654 fatalities. These figures illustrate the severity of the issue. Seen from another perspective, this statistic means that every day in 2021, an average of 181 crashes occurred, resulting in 83 injuries and 2.1 fatalities.

In the following table, you will find a breakdown of the number of fatalities recorded in different counties of this state during the mentioned year.

City Fatal Crashes in 2021
McCurtain 19
Oklahoma 103
Ottawa 18
Payne 15
Tulsa 94
Wagoner 16
Washita 4

Source: Oklahoma Department of Public Safety

How Many Uninsured/Underinsured Motorists Are in Oklahoma?

According to the latest statistics from the Insurance Information Institute, Oklahoma had a high percentage of uninsured drivers at 13.4% in 2019. For that reason, it is imperative to prioritize having adequate auto insurance coverage.

Rely on InsureOne to provide you with protection not only against uninsured drivers in Oklahoma but also against the increasing accident rate in the region. With our insurance coverage, you can have peace of mind knowing that you are safeguarded against the financial risks associated with these situations.

Get the Best Car Insurance in Oklahoma Today

At InsureOne, we aim to provide you with a convenient and seamless auto insurance shopping experience. Our team of expert agents is dedicated to understanding your specific needs and assisting you in finding the best insurance options available.

Getting a quote is easy – you can do it online, visit one of our offices conveniently located, or simply give us a call at (800) 836-2240.