The average monthly cost of full coverage car insurance in Oklahoma is $156. It is higher than the national average at $138. The average monthly cost for the basic state-required minimum liability car insurance is $35, which is slightly lower than the national average at $40.
Car insurance rates vary considerably depending on your zip code and other factors. There are numerous reasons for the disparity, including population density, number of theft-related claims, and demographics. Do not be surprised if urban residents pay significantly higher average premiums than rural residents.
What Is the Average Premium in Oklahoma for Full Coverage Car Insurance?
The average annual premium for full coverage car insurance premium in Oklahoma is $1,873. This coverage consists of comprehensive, collision and liability car insurance.
Collision coverage protects against accident-related damages and comprehensive coverage protects against things outside of your control, such as theft, vandalism, and weather-related incidents.
Expect premium rates to vary depending on several factors, including the amount of liability coverage, deductible amount, and add-ons such as uninsured/underinsured motorist coverage, personal injury protection, and rental car reimbursement if your vehicle gets sent to the shop after an accident. In some states, some of these coverages are mandatory and some are considered optional car insurance.
Note that lower deductibles and higher liability limits result in higher premiums. If you have a less-than-stellar driving history, expect your rates to be higher, versus lower rates for drivers with no reported claims for the last three years.
How Much Is It for Liability Insurance or the Minimum Required Car Insurance in Oklahoma?
The average minimum cost of car insurance in Oklahoma is $423 annually. It is a great deal compared to the national average of $480. For that price, drivers on average will get the state-required minimum liability of $25,000 per person, $50,000 per accident, and $25,000 for property damage (25/50/25).
Keep in mind not everyone pays the same rate for minimum insurance. Premiums vary depending on one’s age, gender, zip code, driving record, and dozens of other factors down to your marital status and credit score.
Generally, we do not recommend opting for the minimum required insurance. Damages in an accident can easily exceed your liability limits, resulting in out-of-pocket costs and a blow to your finances.
Additionally, do not forget to apply for uninsured driver insurance. A good percentage of Oklahoma drivers do not carry auto insurance, so this type of policy will provide additional protection if you encounter an uninsured at-fault. In our opinion, a few extra dollars per month is worth the peace of mind.
Without an active insurance policy, expect fines, reinstatement fees, a suspended driver’s license/registration, and the possibility of a lawsuit from opposing drivers.
How Do Rates Compare Across Major Cities in Oklahoma?
Expect to pay different rates when moving from city to city in Oklahoma, since premiums are calculated based on factors such as collective claim rates in different parts of the state.
See our breakdown below for the monthly average premium drivers in four major cities in Oklahoma pay:
Unless otherwise specified, we use the following methodology to arrive at our average cost: male, age 30, lowest possible legal coverage allowed by state. Your rates will be determined by several factors, including your age, your gender and the amount of coverage you want to purchase.