The Cheapest Auto Insurance in Oklahoma City in 2024

The average Oklahoma City driver pays $112 per month for state-minimum liability insurance coverage and $226 per month for a full-coverage policy, according to Compare.com data. Several insurers — including State Farm, USAA, and Allstate — have substantially cheaper average rates, but that’s not always the best gauge of what you’ll pay.

For example: You might pay more if you add options like medical payment coverage, but you could also pay less if you qualify for discounts for keeping your driving record clean or having a teen who gets good grades in school.

In the sections below, we’ll explain how and where you can find the lowest rates for car insurance in Oklahoma City, how much coverage you need, and a few of the best companies in OKC.

Key Takeaways:

• State Farm is the cheapest insurance company in the city, with average rates well below the OKC average.
• The Oklahoma Insurance Department (OID) recommends purchasing more than the state-minimum liability coverage, if you can afford it.
• Allstate, USAA, and State Farm are three of the best insurers in OKC, based on our analysis.

In This Article:

• Average Price for Car Insurance in Oklahoma City
• Cheapest Oklahoma City Car Insurance Companies
• Best Oklahoma City Car Insurance Companies of 2024
• Oklahoma City Rate Breakdowns by Driver and Coverage Type
• Oklahoma Auto Insurance Requirements
• Frequently Asked Questions

How Much Is Car Insurance in Oklahoma City?

The average Oklahoma City driver pays $169 per month for car insurance, according to our analysis, but that’s not necessarily what you can expect to pay. Your rate is based on your unique insurance factors, including the type of vehicle you drive, your ZIP code, and your credit history.

The best way to find the cheapest company for your unique profile is to compare quotes from multiple insurers. With that in mind, let’s look at which companies are currently offering the lowest average premiums for Oklahoma City drivers.

Oklahoma City’s Cheapest Car Insurance Companies

Oklahoma City car insurance costs an average of $169 per month, according to Compare.com data. But you can save by comparing quotes and understanding available coverages.

The table below shows the five insurance companies offering the cheapest average monthly premiums for Oklahoma City drivers.

State Farm has the lowest average monthly premium at $51, but it’s important to check rates from other companies to find the one that’s most affordable for your unique profile. Let’s dive deeper into three companies that offer the lowest rates in the city to see which is right for you.

Top 3 Best Oklahoma City Insurance Companies of 2024

You need to meet the Oklahoma state insurance requirements, but you also need to find an insurance company that fulfills your own personal requirements. The best auto insurance company is the one that gets you the coverage you need for the lowest price.

We chose the three companies below based on a combination of average rates, available discounts, customer ratings and reviews, and coverage options in Oklahoma City.

Let’s look at which insurance companies are the best fit for several types of Oklahoma City drivers.

Best for families: State Farm

• Average premium: $51 per month
• Compare.com rating: 4.90 out of 5

Pros:

• Discounts for teens and young drivers
• Cheapest average rates in Oklahoma City

Cons:

• Financial strength rating of B (Fair)
• Poor customer reviews

State Farm is a huge name in the insurance market and boasts the largest market share in the auto insurance industry, according to the National Association of Insurance Commissioners (NAIC). It also has the lowest rates in Oklahoma City for all age categories, according to our research.

These reasons, as well as a range of available age-related discounts, make State Farm a good choice for families of all ages.

Best for military members: USAA

• Average premium: $64 per month
• Compare.com rating: 4.91 out of 5

Pros:

• Member discounts and perks
• Military-focused coverages

Cons:

• Membership limited to military members and families
• Limited available coverage options

USAA requires membership to enroll, and the bad news is that only military members and select family members qualify. The good news for enlisted people is that USAA understands your unique needs. For example, USAA may give you a discount of up to 60% when you leave your car in storage while on deployment. You can also get a discount if you garage your car on base.

Best for remote workers and rideshare drivers: Allstate

• Average premium: $71 per month
• Compare.com rating: 4.93 out of 5

Pros:

• Diverse coverage types available
• Pay-per-mile policies available

Cons:

• Thousands of BBB complaints
• Potential issues with Drivewise and Milewise mobile apps

These days, plenty of us work from home. And in this age of the gig economy, many others drive for rideshare companies. These two careers require different types of car insurance coverage, and Allstate delivers for both.

Its Ride for Hire program gives you the coverage you need while you’re picking up passengers as a rideshare driver. Or, if you work remotely, you save through Allstate’s Drivewise and Milewise programs, which base your rates on the number of miles you drive and other driving behaviors.

Cheapest Company for Liability Insurance: State Farm

The cheapest car insurance policy you can buy is basic liability coverage that meets the Sooner State’s minimum requirements. Remember that liability coverage only pays for the damages and injuries you cause to another person or vehicle — you’ll pay an additional cost for optional coverages, such as uninsured motorists coverage or personal injury protection (PIP).

State Farm offers the lowest average insurance costs for minimum liability coverage that meets Oklahoma state laws, at $35 per month, according to our data.

But many insurance experts — including the OID — recommend purchasing a policy with higher limits and additional coverages. With that in mind, let’s look at how much rates increase when you purchase a “full-coverage” policy.

Cheapest Company for Full-Coverage Insurance: State Farm

Full-coverage car insurance is optional for Oklahoma City residents, but you should still consider it, especially if you own a high-value car or one you can’t afford to replace. While insurance companies don’t use the term “full coverage,” most people use it as a catchall for policies that include liability insurance comprehensive coverage, and collision insurance.

Comprehensive coverage and collision coverage pay for damages to your car if you cause an accident. You might want a full-coverage policy if you rely on your car or want coverage if an event like a tornado or wildfire damages your car. Additionally, lenders and leasing companies require full-coverage insurance if you finance or lease your car.

The table below lists the companies with the lowest average monthly premiums for full-coverage insurance in Oklahoma City, according to Compare.com data.

We found that State Farm has the lowest rate for full-coverage insurance in Oklahoma City, with an average rate of $67 per month.

But keep in mind that several other factors beyond your coverage levels affect your monthly rates. Let’s take a closer look at one of the most important: your driving record.

Compare Oklahoma City Auto Insurance Rates by Driving Record

Safe drivers save money on car insurance, plain and simple. Insurance companies look at your driving record and set your rates partially based on how many driving infractions you have on your record. Infractions like driving over the speed limit, causing a car accident, and driving under the influence (DUI) almost always lead to a rate increase.

The table below shows how rates change based on your driving record, as well as which companies offer the cheapest average rates to OKC drivers with various infractions.

Let’s take a deeper look into why each of these infractions raises your auto insurance rates.

Cheapest car insurance in Oklahoma City after a ticket: State Farm

A speeding ticket or other traffic violation seems like a simple mistake, but it can cost you. Oklahoma Highway Safety Office’s website reminds drivers that running late is no excuse to break the law. Fast driving increases the chances of a car accident, which is why a single speeding ticket raises the average car insurance rate by 27%, according to our data.

State Farm offers the most affordable average monthly premiums for drivers with speeding tickets in Oklahoma City, at just $46 per month.

Cheapest car insurance in Oklahoma City after an accident: State Farm

When you cause a car accident, your insurance company pays for the damages — and it’ll raise your rates to reimburse itself the next time you renew your policy. Getting into a single at-fault accident increases the average rate by 34%, according to our data.

State Farm has the lowest average monthly rate for drivers who cause an accident in Oklahoma City, at $48, according to Compare.com data.

Cheapest car insurance in Oklahoma City after a DUI: State Farm

If you drink and drive in Oklahoma, a judge will take your license away and require you to install an ignition interlock device on your vehicle. And your auto insurance premiums will jump along with the fees and fines that come with a DUI.

Rates for DUI-convicted drivers go up by an average of 50%, according to our data. State Farm has the lowest average monthly rates for Oklahoma drivers with a DUI, at $57.

Compare Oklahoma City Auto Insurance Rates by Age

Age is an uncontrollable rating factor for car insurance, but, thankfully, getting older has its perks. Premium rates are highest for young drivers, but middle-aged drivers receive substantial rate decreases around age 35, which drop again as you enter retirement years.

The table below shows how car insurance rates vary between age groups in Oklahoma City. It also highlights the cheapest insurer in the city for each age group.

Young drivers and older drivers sit on opposite ends of the price spectrum for a reason. Research shows that one age group experiences more fatal car crashes than the other — and the difference in rates reflects that.

Let’s take a closer look at each.

Cheapest car insurance for Oklahoma City teens: State Farm

Teenage drivers are the most expensive age group to insure. Most insurance companies charge more for an auto insurance policy if you have a child younger than the age of 25 driving your vehicle. Alcohol is a factor in many teen crashes, but even sober teen drivers have a crash rate four times higher than adults older than the age of 20, according to the Insurance Institute for Highway Safety (IIHS).

State Farm offers teens the lowest average rates in Oklahoma City, at $211 per month, according to our research.

Cheapest car insurance for Oklahoma City seniors: State Farm

Senior drivers receive some of the lowest rates available for car insurance, regardless of whether they’re retired or still working. Many older drivers spend less time on the road, and a recent IIHS study shows that crash rates for seniors are falling. All of these factors lead to lower rates.

State Farm offers the lowest average rates for drivers in their 60s and 70s, according to our research, with average monthly rates ranging $83–$87 in Oklahoma City.

Oklahoma Auto Insurance Requirements

You need car insurance to drive in Oklahoma City, even if you don’t have a car. All Oklahoma residents with an active driver’s license must meet Oklahoma’s minimum requirements, which are 25/50/25:

• $25,000 of bodily injury protection per person
• $50,000 of bodily injury protection per accident
• $25,000 of property damage protection

You must maintain these liability insurance limits in Oklahoma, but they might not cover the full cost of a car accident. That’s why the Oklahoma Insurance Department recommends you increase these amounts to 100/300/100.

Higher limits cost more, but the cheapest insurance policy isn’t always the best policy for your coverage needs. The good news is that you can often get higher limits for a similar cost to a state-minimum policy — if you know where to look. The best way to find affordable coverage is to compare quotes from as many companies as possible.

How to Get Cheaper Car Insurance in Oklahoma City

You can get cheap car insurance in Oklahoma City if you know where to look. For instance, all drivers, regardless of insurance company, are eligible for a three-year discount if they successfully complete an accident prevention course.

Consider these other ways to save from the Oklahoma Insurance Department:

• Consider increasing your deductible amount (if you can afford the extra costs if you file a claim).
• Avoid insurance companies or agents who advertise insurance for high-risk drivers if you have a clean driving record.
• Ask about discounts for things like having certain safety features on your car or for going paperless.
• Compare quotes from several companies before signing up for a policy to know you’re getting the coverage you need for the best price.

Oklahoma City Auto Insurance FAQs

Check out the answers to these commonly asked questions to help you decide which car insurance policy in Oklahoma City is right for your needs.

Which company has the cheapest car insurance in Oklahoma City?

State Farm has the cheapest car insurance in Oklahoma City, at an average of $51 per month, according to Compare.com data.

How much is car insurance in Oklahoma City?

Car insurance in Oklahoma City costs $169 per month on average, according to Compare.com data. But your rate may be higher or lower, depending on your unique insurance profile.

Why is car insurance so expensive in Oklahoma?

It depends. One reason Oklahoma car insurance is so expensive is the state has a higher frequency of tornadoes and hail, which can damage vehicles and increase insurance claims.

What are the minimum car insurance requirements in Oklahoma?

The minimum-required car insurance in Oklahoma is $25,000 of bodily injury insurance per person and $50,000 per accident, as well as $25,000 of property damage insurance.

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

A police officer could arrest you, fine you more than $200, and the state could suspend your license if it catches you driving without insurance.

Data Methodology:

Data scientists at Compare.com analyzed more than 50 million real-time auto insurance quotes from more than 75 partner insurers in order to compile the rates 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 rates listed in this article have been collected 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 readers with insights into how auto insurance companies determine their premiums.

Sources:

1. NAIC, “2022 Market Share Reports For Property/Casualty Groups and Companies by State and Countrywide”, accessed May 7, 2024.
2. Oklahoma Highway Safety, “Speed”, accessed May 7, 2024.
3. Oklahoma Highway Safety, “Alcohol Impaired”, accessed May 7, 2024.
4. Oklahoma Insurance Department, “Auto Insurance: Common Myths”, accessed May 7, 2024.
5. Insurance Information Institute, “What determines the price of an auto insurance policy?”, accessed May 7, 2024.
6. Insurance Institute for Highway Safety, “Teenagers”, accessed May 7, 2024.
7. Insurance Institute for Highway Safety, “Older drivers”, accessed May 7, 2024.
8. Koco News 5, “Many Oklahomans experience ‘sticker shock’ after seeing latest homeowners, auto insurance policies”, accessed May 7, 2024.
9. The City of Oklahoma City, “Fines and Fees”, accessed May 7, 2024.