The Cheapest Auto Insurance in Oklahoma in 2024

Oklahoma drivers pay an average of $112 per month for car insurance, falling slightly below the national monthly average of $129. Many different factors go into calculating insurance premiums, including your age, driving history, and ZIP code.

Luckily, you can find cheap car insurance in Oklahoma in a number of ways, even if your driving history isn’t as good as you’d like. GEICO and State Farm offer some of the cheapest average rates for drivers across the state, but the best company for you will depend on some of the factors mentioned above.

We’ll cover everything you need to know about comparing car insurance in the Sooner State in the guide below.

Key Takeaways:

• Oklahoma has a monthly average rate of $112, making it the 23rd-cheapest state for auto insurance.
• GEICO is the most affordable option for liability-only and full-coverage auto insurance.
• Oklahoma has a high rate of uninsured motorists, with over 13% of drivers being uninsured.

Oklahoma’s Cheapest Car Insurance Companies

Even though the average monthly rates in Oklahoma are close to the national average, you can still find ways to save on auto insurance. For example, increasing your deductible and paying your premiums in full can help you save on auto insurance — but perhaps the easiest way is by comparing companies head to head.

With that in mind, let’s take a look at the five companies with the most affordable average rates in Oklahoma.

GEICO is the cheapest option for Oklahoma drivers, with an average monthly rate of just $48, according to Compare.com data.

Both GEICO and State Farm cost significantly less than the other insurance companies outlined in this table. That’s a good example of why it’s important to shop around for car insurance.

The Average Cost of Oklahoma Car Insurance

Oklahoma is the 23rd-cheapest state in the country for car insurance, with average rates around 13% less than the national average.

But how does it stack up to nearby states? Let’s take a look.

Oklahoma has more affordable average rates than most surrounding states, with the exception of New Mexico, which is just a few cents cheaper.

Other than Missouri, all states outlined in this table have monthly rates that fall below the national average, making the Great Plains a great place to buy car insurance.

Cheapest Car Insurance Rates for State-Minimum Insurance: GEICO

Your coverage level is one of the most significant factors influencing how much you pay for car insurance, and liability coverage at the state-minimum limits is the cheapest policy available.

Liability insurance pays for the other driver’s medical bills and damages to their vehicle but doesn’t provide any coverage for you. Iif you’re a budget-conscious driver without a car loan or lease, it may be a great option.

Let’s take a look at which companies offer the cheapest liability-only car insurance in Oklahoma.

GEICO is Oklahoma’s cheapest option when it comes to liability insurance, though all of the companies outlined in this table are relatively affordable.

That said, state-minimum liability coverage isn’t going to be enough for most people, so you may want to consider a full-coverage policy. Let’s take a look at how rates differ for full coverage.

Cheapest Car Insurance Rates for Full-Coverage Insurance: GEICO

Full-coverage auto insurance policies typically include liability, collision, and comprehensive insurance and provide coverage for you and any other drivers and passengers involved in an accident. Because it offers greater protection, full-coverage insurance costs more than liability-only.

The best way to save on full-coverage insurance is by shopping around and receiving quotes from different insurers. Let’s look at the cheapest options for full-coverage insurance in Oklahoma.

GEICO is the cheapest option for Oklahoma drivers looking for full coverage, with an average monthly rate of $75.

GEICO and State Farm’s monthly premiums cost roughly half as much as the other insurance companies included in this table. All insurance companies consider similar factors but weigh them differently, which could account for the differences in price.

Compare Oklahoma Auto Insurance Rates by Age

Age is one of the most important rating factors for car insurance. Drivers younger than 25 will pay the highest rates for auto insurance due to their lack of experience. But fortunately, as you gain more experience driving, your rates will start to decrease.

Let’s take a look at how rates vary among a few of Oklahoma’s most prominent age groups.

Cheapest car insurance for Oklahoma teens: GEICO

In Oklahoma, teen drivers have more accidents than any other age group, which is why they pay the highest average insurance premiums. In their first year of driving, 25% of teens receive a ticket or are involved in a car accident.

Their lack of experience makes them less able to respond appropriately to traffic hazards, which leads to more accidents and claims. This all adds up to higher car insurance rates.

But that doesn’t mean teenage drivers can’t still find a good deal. With that in mind, let’s take a look at the cheapest Oklahoma insurers for teens.

GEICO yet again comes out on top — this time as the cheapest option for both liability-only and full-coverage policies for teens. State Farm is another good option for anyone looking for a full-coverage policy, with rates just $2 more per month than GEICO.

It’s important to compare quotes from several companies to find out which one offers the best rates for your unique profile.

Cheapest car insurance for Oklahoma seniors: GEICO

As you approach retirement age, you’ll likely find some of the cheapest auto insurance rates possible. Car insurance rates tend to be more affordable for senior drivers since they have so much experience behind the wheel — at least until around age 70.

Seniors also typically tend to spend less time driving, which could contribute to their low insurance rates. Still, some companies are cheaper than others — so let’s take a look at the cheapest insurers in Oklahoma for seniors.

GEICO and State Farm are the cheapest options overall for senior drivers, with average rates as low as $21 per month for liability insurance and $71 monthly for full coverage.

Both companies are substantially cheaper than the other insurers in this table — especially when it comes to full-coverage insurance. GEICO’s liability rates are less than half of Progressive’s, the third-cheapest company on this list.

Compare Oklahoma Auto Insurance Rates by Driving Record

Of all factors influencing your insurance premiums, your driving record is probably the most important.

Drivers with clean records will always pay the lowest rates for auto insurance. If you have a history of driving-related incidents, you’ll be seen as a higher risk and will pay more.

So, let’s take a look at how rates in Oklahoma change depending on your driving record.

Cheapest car insurance for good drivers in Oklahoma: GEICO

Drivers who have clean records pay the lowest rates for auto insurance because they’re less likely to file a claim with their insurance company. A good driver is considered someone without any history of at-fault accidents or speeding tickets.

The table below features rates from the five cheapest companies in Oklahoma for drivers with no history of accidents or tickets.

There are many affordable options for good drivers in Oklahoma, but GEICO and State Farm are yet again the cheapest options overall.

GEICO’s average rates come in at just $21 per month for liability insurance and $75 for a full-coverage policy. Though still much cheaper than the next closest competitors, State Farm’s liability rates are more than 65% higher than GEICO’s.

Cheapest car insurance in Oklahoma after a ticket: State Farm

Speeding is seen by insurers as a form of aggressive driving that endangers other people on the road.

In 2021, speeding contributed to 29% of all traffic fatalities, according to the National Highway Traffic Safety Administration (NHTSA). That increased risk leads to higher insurance rates. Our research found that just one speeding ticket can cause your rates to increase by 37%.

But some companies will still be cheaper than others, regardless of your driving record. Let’s take a look at which ones offer the best prices for drivers with a recent ticket.

State Farm is the cheapest option for Oklahoma drivers who have received a speeding ticket, and it’s the only company offering full-coverage rates below $100 per month.

GEICO is another good option for drivers with a speeding ticket on their record, with liability rates coming in at just $2 more per month than State Farm.

Cheapest car insurance in Oklahoma after an accident: GEICO

If you’re found not at fault for an auto accident, Oklahoma law prevents insurers from raising your premiums. However, insurance companies can raise your rates for at-fault accidents, and most increases will stay on your record for three years.

Most at-fault accidents lead to a 44% average rate increase nationwide, according to Compare.com data, but that doesn’t mean you just have to accept a rate hike.

So, let’s take a look at which companies offer the best rates to Oklahomans with a recent accident.

GEICO is once again the cheapest option for a liability-only policy, but State Farm is the most affordable choice for full coverage. Both companies have liability-only rates of less than $45 per month, and State Farm even offers full coverage for less than $100 per month.

Cheapest car insurance in Oklahoma after a DUI: State Farm

Driving under the influence (DUI) is illegal in Oklahoma and could result in over $10,000 in fines and penalties. In addition, you could lose your license and face jail time. Receiving additional DUIs will result in steeper fines and penalties.

But those aren’t the only expenses you could face. Across the nation, rates increase by 94% after a DUI conviction, according to our research.

Luckily, some companies specialize in insuring high-risk drivers, like those with a recent DUI conviction. Let’s take a look at which insurers offer the best rates to Oklahomans with a recent DUI on their record.

State Farm is the cheapest option for Oklahoma drivers with a DUI, with liability-only and full-coverage rates coming in at $38 and $88 per month, respectively. That’s only $3 more per month for liability coverage when compared to average rates for drivers with clean records, and barely $5 more for full coverage.

Compared to the 94% increase most drivers face, State Farm’s affordable rates can be a huge boon to the budgets of Oklahoma drivers with a DUI.

The Cheapest Cities for Car Insurance in Oklahoma

Car insurance rates can vary significantly based on your ZIP code.

Usually, cities that are more population-dense typically come with higher premiums since these areas often have more traffic, crime, and a higher rate of insurance claims. In comparison, drivers who live in rural areas tend to pay less for car insurance.

Let’s take a closer look at how rates can vary among a few of Oklahoma’s most popular cities.

Broken Arrow, Miami, and Oklahoma City have the highest average car insurance premiums, while Lawton is the cheapest city, with rates of just $62 per month. But overall, the cost of car insurance stays pretty consistent across the entire state.

5 Ways to Get Cheap Car Insurance in Oklahoma

Here are five tips for finding cheaper car insurance in Oklahoma:

• Raise your deductible: Your deductible is the amount of money you’ll pay out of pocket before your insurance company pays the remainder of your claim. You can earn a lower premium by raising your deductible — just make sure you can afford to pay the deductible if you’re involved in an accident.
• Take an accident prevention course: In Oklahoma, a three-year discount is mandatory if you complete an approved accident prevention course.
• Take advantage of discounts: Your insurance company may give you a discount for using certain safety features in your car, taking a driver’s ed course, or staying claims-free for a certain length of time.
• Bundle your policies: Most insurance companies will give you a discount for bundling your policies. For example, you could earn a discount for bundling your auto and homeowners insurance.
• Shop around: The best way to save on car insurance is by shopping around and comparing quotes regularly. Receive quotes from several companies, and make sure you understand what’s included in your policy before you buy.

Oklahoma Auto Insurance Requirements

You must meet the following minimum requirements to legally drive in Oklahoma:

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

Penalties for driving without auto insurance in Oklahoma

More than 13% of Oklahoma drivers are uninsured, according to the Insurance Information Institute (Triple-I) — the 18th-highest rate in the U.S.

“The trend we are seeing in Oklahoma and across the U.S. is more drivers are deciding to drop their auto insurance coverage this year due to the large spike in average premium, which is up nearly 20% year over year, according to the U.S. Bureau of Labor Statistics,” says Mark Friedlander, director of corporate communications at the Triple-I.

However, Friedlander warns that not having car insurance is a risky proposition for all drivers. “This means you will have no protection for an at-fault accident, which can be financially devastating to you and your family.”

In addition, Oklahoma drivers without car insurance face penalties that include a $250 fine, suspension of their driver’s license, and having their car impounded.

Oklahoma Auto Insurance FAQs

Want to learn more? Here’s some additional information about finding cheap car insurance in Oklahoma.

Which company has the cheapest car insurance in Oklahoma?

GEICO offers the cheapest car insurance overall for Oklahoma drivers, with an average monthly cost of $48. GEICO is also the least expensive option for both liability-only and full-coverage auto insurance.

How much is car insurance per month in Oklahoma?

Oklahoma drivers pay an average monthly rate of $112, making it the 23rd-cheapest state for auto insurance, according to Compare.com data. This monthly rate is also less expensive than the national average of $129 per month.

Which company has the cheapest new driver insurance in Oklahoma?

GEICO offers the cheapest insurance for young drivers in Oklahoma. Teen drivers will pay an average of $74 per month for liability-only insurance and $234 for full coverage.

Teens can save money on car insurance by maintaining good grades and taking a driver’s education course.

What is the minimum car insurance required in Oklahoma?

Oklahoma requires all drivers to maintain a minimum coverage of 25/50/25. That means you need at least $25,000 per person and $50,000 per accident of bodily injury liability coverage, plus $25,000 in property damage liability.

Which city has the cheapest car insurance in Oklahoma?

Lawton has the cheapest car insurance in Oklahoma, with an average monthly rate of $62 — well below the state average of $112 per month.

What happens if you get caught driving without insurance in Oklahoma?

Driving without insurance in Oklahoma could result in a $250 fine, a suspended license, and having your car impounded. Over 13% of Oklahoma drivers are uninsured, making it the 18th-highest rate in the U.S.

Methodology

Data scientists at Compare.com analyzed more than 50 million real-time auto insurance rates from more than 75 partner insurance providers in order to compile the quotes and statistics seen in this article. Compare.com’s auto insurance data includes coverage analysis and details on drivers’ vehicles, driving records, insurance histories, and demographic information. All the quotes listed in this article have been gathered from a combination of real Compare.com quotes and external insurance rate data gathered in collaboration with Quadrant Information Services. Compare.com uses these observations to provide drivers with insight into how auto insurance companies determine their premiums.

Sources

1. Oklahoma Insurance Department “Choosing your automobile insurance policy,” Accessed October 27, 2023.
2. Insurance Research Council “News Release,” Accessed October 27, 2023.
3. Insurance Information Institute “What determines the price of an auto insurance policy?” Accessed October 27, 2023.
4. Service Oklahoma “Teen Driving,” Accessed October 27, 2023.
5. National Highway Traffic Safety Administration “Speeding and Aggressive Driving,” Accessed October 27, 2023.
6. Oklahoma Highway Safety “Laws,” Accessed October 27, 2023.
7. Oklahoma Insurance Department “Auto Insurance: Common Myths,” Accessed October 27, 2023.