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GEICO offers the cheapest car insurance in Oklahoma, according to a QuoteWizard survey of companies that write auto policies in the Sooner State.
Our data shows that Oklahoma drivers pay $368 per year, on average, when they buy the minimum amount of car insurance the state requires from GEICO. And they pay an average of $722 per year for a full-coverage policy when they purchase it from the same insurer.
Those rates are a lot cheaper than what a typical driver in Oklahoma pays for auto insurance. Based on our research, the average driver in this state spends $662 per year on minimum coverage and $1,363 per year on full coverage.
Other insurance companies also provide affordable car insurance to Oklahomans. American Farmers & Ranchers and USAA are two noteworthy examples, as you’ll learn in this article.
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GEICO is the best option for cheap state-minimum car insurance in Oklahoma, with a $368 average annual premium. It is the best option for cheap full-coverage car insurance in the state, too, with a $722 average annual premium.
These average annual premiums are based on rate quotes gathered from Oklahoma insurers for a typical driver.
A number of other insurers also offer affordable auto insurance in Oklahoma, according to our data. For instance, USAA’s average rate quote of $392 per year for a state-minimum policy was only $2 per month more than what GEICO offered for the same amount of coverage.
The average rate quote American Farmers & Ranchers offered our sample driver for minimum coverage was just $4 per month more than GEICO’s average offer.
American Farmers & Ranchers and USAA offered our sample Oklahoma driver low-cost full-coverage car insurance, too.
Specifically, the average rate quote American Farmers & Ranchers provided for full-coverage auto insurance was around $15 per month more than what GEICO provided. Still, that figure is about $39 per month cheaper than the state average for such a policy — which usually includes liability, collision and comprehensive coverage.
USAA’s average rate quote of $911 per year for full coverage was nearly $16 per month more than GEICO’s average rate quote, but $38 per month lower than the state average.
American Farmers & Ranchers, GEICO and USAA offer the best car insurance rates in Oklahoma, based on our research.
GEICO offered our sample driver the cheapest rates for both state-minimum and full-coverage policies. That makes it the best auto insurance company in Oklahoma, in our estimation.
GEICO’s average premium of $368 per year for a state-minimum policy is $294 per year cheaper than the average cost in Oklahoma for this amount of car insurance coverage. That’s a difference of $24.50 per month.
GEICO also offered an average premium of $722 per year for a full-coverage policy. This is $641 per year, or $53 per month, lower than the state average.
American Farmers & Ranchers offers cheap full-coverage auto insurance in Oklahoma, too.
It offered our typical driver an average premium of $898 per year. That is $465 per year lower than the state average for this amount of coverage. The monthly difference between the two in this case: $38.75.
USAA is another good option for cheap state-minimum car insurance in Oklahoma. The average annual premium of $392 it offered our sample driver is $270 per year, or $22.50 per month, cheaper than the state average for this type of policy.
USAA also offered our sample Oklahoma driver an affordable rate for full-coverage car insurance. Its average premium of $911 per year is $452 per year cheaper than the state average for such coverage.
State Farm is the most popular car insurance company in Oklahoma, according to data from S&P Global. It writes 24% of the state’s auto policies.
GEICO, our pick for best car insurance rates in Oklahoma, is fourth in terms of market share. It writes 8% of the state’s policies.
|Insurance company||Oklahoma market share|
|Oklahoma Farm Bureau||4%|
|American Farmers & Ranchers||3%|
|Source: S&P Global|
Our runner-up for cheap minimum car insurance in Oklahoma, USAA, writes 7% of the state’s auto coverage. That’s good enough for it to the sixth-largest insurer here by market share.
As for American Farmers & Ranchers, our runner-up for cheap full-coverage car insurance, it is the 10th-largest auto insurer in Oklahoma by market share, writing 3% of the state’s policies.
Auto insurance premiums differ across cities. The odds of needing to file a claim are greater in cities with high rates of bad driving. That includes car crashes, speeding tickets, DUIs and more. Insurance companies charge more for car insurance in areas with a high claim frequency. Our research found that these are the best and worst driving cities in Oklahoma:
These rankings are based on insurance quote data from our users in Oklahoma. To evaluate driver quality we looked at which cities had the highest rate of tickets, accidents, speeding and DUIs. Cities with the highest rate of violations and accidents were considered to be the worst drivers and cities with the lowest rate of incidents are considered to be the best drivers.
State law requires Oklahoma drivers to carry a minimum of 25/50/25 liability car insurance coverage. This means all auto policies must include at least:
We conducted a comprehensive study of auto insurance rates in Oklahoma through Quadrant Information Services. The quotes we collected were for a single, 35-year-old male who has an excellent credit score and a clean driving record. He owns a 2012 Honda Accord and drives it an average of 15,000 miles a year. His car insurance policy has 100/300/50 coverage limits and a $1,000 deductible, where applicable.
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