Looking for all the important information regarding auto insurance in Oklahoma? Whether you want to know what Oklahoma’s minimum auto insurance standards are, or want to understand if it is a no-fault state, this guide is for you.
We’ll give you detailed information about the cost of auto insurance in Oklahoma, ways to lower it, and the best auto insurance options. Also included are Oklahoma driving resources and helpful tips for teen drivers. Read this blog and make sure your auto insurance suits your needs.
Understanding Auto Insurance in Oklahoma
When you drive in Oklahoma, it is essential that you understand the state’s auto insurance rules and requirements. This is important not only for legal compliance but also for your and other road users’ safety.
What are Oklahoma’s minimum auto insurance requirements?
According to the Oklahoma State Act, it is mandatory for all drivers to have minimal liability insurance. It is known as “25/50/25” coverage, which means:
- $ 25,000 per capita physical injury
- $ 50,000 per accident for physical injury
- $ 25,000 per accident for property damage
This minimal coverage ensures that if you are responsible for the accident, the other party’s medical expenses and property damage can be compensated through your insurance.
However, it is important to note that these minimum limitations may not be sufficient in serious accidents. Therefore, it can be wise to consider high coverage limits for your financial security.
Is Oklahoma a no-fault state?
No, Oklahoma is not a “no-fault” state. Instead, it is an “at-fault” state, meaning the party at fault in the accident is financially responsible for property damage and/or injuries.
In this system, if you are a victim of an accident, you can choose from the following options:
- Filing a claim against the at-fault driver’s insurance provider
- directly suing the at fault driver in court
It’s worth noting that Oklahoma is also a comparative negligence state, meaning that if you are partially responsible for an accident, your compensation may be reduced by your percentage of fault.
Costs and Savings on Auto Insurance in Oklahoma
The cost of auto insurance in Oklahoma depends on factors such as your driving record, vehicle type, and location. To lower premiums, get quotes from different insurance companies, choose a higher deductible, adopt safe driving habits, and take advantage of available discounts.
Additionally, installation of safety equipment in your vehicle and low annual mileage can also be helpful in reducing premiums.
How much is car insurance in Oklahoma?
The average cost of car insurance in Oklahoma may be higher than the national average. However, your individual insurance premium will depend on a number of factors, such as:
- Driving Record: A clean driving record helps keep premiums low, while a history of accidents or traffic violations can increase premiums.
- Vehicle Type: Your car’s model, year of manufacture, and safety features affect insurance costs.
- Age and Gender: Premiums are often higher for younger drivers and men, as they are statistically considered more risky.
- Location: Premiums may be higher for drivers living in urban areas, as there is a higher risk of accidents and theft.
How to Lower Your Car Insurance Costs in Oklahoma?
The following strategies can be adopted to reduce your car insurance premium:
- Get Quotes From Different Insurers: Get quotes from different insurance companies and compare them and choose the most affordable and suitable policy.
- Bundling: If you buy auto and homeowners insurance from the same insurer, you may get a discount.
- Choose a Higher Deductible: Choosing a higher deductible may lower your monthly premium, but you will have to pay a higher amount when you make a claim.
- Install Security Devices: Insurance companies may provide discounts on the installation of anti-theft systems or other security devices.
- Improve Driving Record: Keeping your driving record clean by following safe driving practices can reduce premiums.
- Reduce Mileage: If you drive less, some insurers offer discounts for low mileage.
- Check for Discounts: Many insurance companies offer various discounts, such as good student discounts, military discounts, or senior citizen discounts.
Finding the Right Auto Insurance in Oklahoma
Keep your needs and budget in mind to choose the right vehicle insurance in Oklahoma. Compare the policy and discounts of companies such as State Farm, Shelter, Progressive, and AllState. Consider the ad-on option such as minimal insurance, as well as colic, comprehensive coverage, and uninterrupted motorist coverage.
Use Oklahoma driving resources and online tools to choose the right coverage according to your preferences.
What is the best car insurance in Oklahoma?
There are many reputable insurance companies in Oklahoma that offer policies to suit different needs and budgets. Here is a list of some of the top insurance providers:
| Insurance Company | Average Monthly Premium | Notable Features |
|---|---|---|
| State Farm | $128 | Affordable rates and excellent customer service |
| Progressive | $174 | Competitive rates, especially after a DUI |
| USAA | $106 | Best option for military families |
| Shelter | $201 | Reliable coverage options |
| Allstate | $350 | Comprehensive coverage options |
Note that your individual premium rates will depend on factors such as your driving record, vehicle type, age, gender, and location. Therefore, it is important to get quotes from different insurance providers and compare them.
Additional car insurance coverages to consider
Apart from the basic insurance policy, you can consider the following additional coverages to increase your protection:
- Personal Injury Protection (PIP): Covers medical expenses and lost wages after an accident, no matter who is at fault.
- Motor Vehicle Accident Protection (Uninsured/Underinsured Motorist Coverage): This coverage protects you if you are involved in a collision with a driver who does not have adequate insurance.
- Rental Reimbursement: This coverage covers the cost of the rental car if your car goes for repairs.
- Roadside Assistance: Provides assistance in emergency situations, such as a flat tire or dead battery.
- Glass Coverage: Covers the cost of repair or replacement of a broken windshield or other windows.
- Gap Insurance: If your car becomes a total loss, this coverage covers the difference between your vehicle loan balance and the insurance settlement amount.
Oklahoma Driving Resources and Tips
It is not only important for your safety to have the information and suggestions required for driving in Oklahoma, but it can also affect your auto insurance premium. Here we will especially discuss the information required for adolescent drivers and important driving resources for Oklahoma residents.
Teen drivers in Oklahoma
In Oklahoma, the Graduated Driver License (GDL) program is in place for teen drivers, which helps them gain full driving privileges in a step-by-step manner. Following are the steps of this program:
- Learner Permit:
- Age: After age 15½, if you are enrolled in a driver education program; Otherwise, at the age of 16 years.
- Requirements: Passing vision test and written knowledge test.
- Restrictions: Driving permitted only under supervision of a licensed adult (21 years of age or older).
- Intermediate License:
- Age: 16 years.
- Requirements: Holding a learner’s permit for at least 6 months, completing 50 hours of certified driving (of which 10 hours at night), and passing a driving skills test.
- Restrictions: No driving allowed between 10 pm and 5 am, unless for school, work, or emergency reasons; Only one passenger allowed apart from family members.
- Full (Unrestricted) License:
- Age: 18 years, or 17 years if the Intermediate license has been held for at least 6 months.
- Requirements: Successful completion of all GDL steps and requirements.
By following these steps, teen drivers can develop safe driving practices and gradually gain full driving privileges.
Conclusion
Choosing the right auto insurance in Oklahoma not only meets your legal needs, but also helps ensure the safety of you and your vehicle.
In this guide we discuss minimum insurance requirements, tips to reduce insurance costs, the best insurance options, and Oklahoma driving resources. Compare different options to choose the right insurance policy and decide as per your needs.