The words “economical” and “insurance” really shouldn’t be used in the same sentence, specifically when trying to find the best car insurance rates for college students. Because it’s so expensive, let’s introduce you to some situations that help determine car insurance prices, and find out if you can cut the cost of your next policy.
For students in college, one of the more important criteria that are used to help calculate the amount you pay each year for auto insurance is where you keep your car. More populated areas tend to have higher rates, whereas areas with less crime or weather claims can boast about having cheaper rates.
The table below rates the most costly cities in Oklahoma for college students in which to purchase auto insurance. Tulsa is ranked #1 costing $2,259 for coverage, which is around $188 each month.
Rank | City | Premium Per Year |
---|---|---|
1 | Tulsa | $2,259 |
2 | Bixby | $2,235 |
3 | Sand Springs | $2,227 |
4 | Bethany | $2,223 |
5 | Midwest City | $2,184 |
6 | Del City | $2,155 |
7 | Broken Arrow | $2,151 |
8 | Owasso | $2,148 |
9 | Sapulpa | $2,144 |
10 | Moore | $2,132 |
11 | Oklahoma City | $2,113 |
12 | Yukon | $2,055 |
13 | Claremore | $2,048 |
14 | Edmond | $2,042 |
15 | Norman | $2,033 |
16 | Shawnee | $2,028 |
17 | Bartlesville | $1,981 |
18 | Ponca City | $1,956 |
19 | Stillwater | $1,931 |
20 | Duncan | $1,923 |
21 | Muskogee | $1,905 |
22 | Enid | $1,904 |
23 | Ardmore | $1,898 |
24 | Lawton | $1,865 |
25 | Altus | $1,838 |
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Table data uses approximated as specific location information can decrease or increase insurance rates noticeably.
The vehicle model you are buying coverage for is a significant factor when consumers are trying to find the best cheap car insurance for college students. Vehicles with lower performance, modern passenger safety features, or a track record of few liability claims will cost substantially less to insure than higher performance models. The data below presents insurance premiums for the most budget-friendly vehicles to insure.
Make and Model | Estimated Cost for Full Coverage |
---|---|
Ford Escape XLT 2WD | $3,054 |
Honda CR-V EX 2WD | $3,061 |
Honda Accord EX 4-Dr Sedan | $3,054 |
Volkswagen Jetta S 2.5 Station Wagon | $3,328 |
Jeep Wrangler Sport Islander Package 4WD 2-Dr | $3,353 |
Toyota Prius | $3,375 |
Ford Explorer Eddie Bauer 2WD | $3,399 |
Toyota RAV4 Sport 2WD | $3,627 |
Chevrolet Malibu Hybrid | $3,632 |
Toyota Tacoma Double Cab 4WD | $3,627 |
Chevrolet Equinox LS AWD | $3,632 |
Dodge Grand Caravan SXT | $3,673 |
Hyundai Elantra Blue 4-Dr Sedan | $3,808 |
Nissan Altima 2.5 S 4-Dr Sedan | $3,854 |
Ford Edge Limited AWD | $3,862 |
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Data variables include single male driver age 20, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Oklahoma minimum liability limits. Discounts applied include safe-driver, and claim-free. Price estimates do not factor in vehicle location which can lower or raise insurance rates substantially.
Based upon the rates shown, we can conclude that vehicles like the Ford Escape, Honda CR-V, Honda Accord, and Volkswagen Jetta will be a few of the cheaper vehicles to insure for students in college. Prices will tend to be more expensive anyway because there is more liability exposure for college students, but overall those particular models will most likely have the best rates compared to all other vehicles.
Careless driving habits raise Tulsa insurance rates
The best way to maintain good insurance rates in Oklahoma for students in college is to drive cautiously and not have accidents or get tickets. The information below demonstrates how traffic citations and at-fault collisions can influence annual premium costs for different categories of driver ages. The data assumes a single female driver, comprehensive and collision coverage, $100 deductibles, and no other discounts are factored in.
The data in the chart shows the average cost of auto insurance in Oklahoma per year with no accidents or violations is $3,252. Get written up for two speeding tickets and the average cost swells to $4,384, an increase of $1,132 each year. Then add in two accidents along with the two speeding tickets and the 12-month cost of insurance for college students goes up to an average of $8,433. That’s an increase of $5,181, or $432 per month, just for not paying attention while driving!
The chart below demonstrates how deductible levels can influence annual premium costs when searching for cheap insurance for college students. The rate quotes are based on a married male driver, full physical damage coverage, and no discounts are applied.
A 30-year-old driver could lower rates by $344 a year by switching from a $100 deductible to a $500 deductible, or save $524 by choosing a $1,000 deductible. Youthful drivers, like the Age 20 category, could lower their rates $1,038 every year by choosing a larger deductible amount. When increasing deductibles, it is important to have enough savings to allow you to pay the extra out-of-pocket expense, which is the one shortcoming of high deductibles.
How to find the cheapest insurance for college students
The list below details many money-saving solutions that can help drivers buy cheaper car insurance.
- Keep your driving record clean
- Save money by insuring your home and auto with the same company
- Drive safe vehicles
- Frequent claims will increase rates
- Prevent price hikes by avoiding at-fault accidents
- Compare rates and switch if you can find a better deal
That last tip is extraordinarily critical, as we stressed in this write-up. Car insurance rates in Tulsa can be changed at any time, so drivers shouldn’t be resistant to buy from a different company if a more affordable rate is found. Many drivers prefer to stick with one company, but it isn’t a good idea if that stubbornness costs you hundreds of dollars a year. In just a few minutes you could compare prices and find cheaper car insurance for college students.
If you aren’t sure which coverage you need and prefer to get some guidance when trying to find lower insurance rates for students in college, the professional agents shown below can help you decide which coverage fits your budget.
To find an agent in your neighborhood, click the button at the bottom of the list or click here to get price quotes now.
- Admiral Insurance Agency
6710 E Admiral Pl – Tulsa, OK 74115 – (918) 836-5551 - Allstate Insurance – Jimmy Willis
6111 S Mingo Rd – Tulsa, OK 74133 – (918) 250-6770 - Hometown Insurance Agency Inc
8282 S Memorial Dr #201 – Tulsa, OK 74133 – (918) 366-9999 - Kelly Bell – State Farm Insurance Agent
10030 S Mingo Rd b – Tulsa, OK 74133 – (918) 459-0456 - Allstate Insurance: Todd Williams
3315 S Yale Ave Ste 200 – Tulsa, OK 74135 – (918) 742-2784