Comparing rates for affordable car insurance is easier said than done, and finding out which company quotes the cheapest insurance rates for drivers with a bad driving record requires even more diligence.
Each auto insurance company has their own unique process to determine rates, so we need to take a look at the insurance companies with the most affordable rates in Tulsa, OK. Keep in mind that Oklahoma insurance rates are influenced by many factors that control the policy price. This price variability is why it is crucial to perform an extensive rate comparison to find cheap car insurance quotes for drivers with a bad driving record. Rates consist of many things and can change without notice, so the cheapest rate the last time you checked may now be costing you a lot of money.
Find the Cheapest Auto Insurance for Imperfect Drivers
Oklahoma Farmers Union may have some of the most affordable car insurance rates in Tulsa at around $1,154 annually. USAA, The Hartford, GEICO, and Safe Auto are also some of the lowest-priced Tulsa, OK auto insurance companies.
As the example above demonstrates, if you currently buy coverage from GEICO and switched to Oklahoma Farmers Union, you could see an annual savings of in the neighborhood of $199. Customers with Safe Auto might save as much as $265 a year, and Farmers policyholders might lower prices by up to $282 a year.
Understand that those prices are averages for all insureds and vehicles and and are not figured with a specific zip code for drivers with a bad driving record. So the auto insurance company that can offer you the lowest price may not even be in the list above. That emphasizes why you need to get quotes using your own specific driver and vehicle information.
For bad drivers, one of the big things that are looked at to help calculate the cost of insurance is where you choose to live in Tulsa. More populated areas will most likely pay more, whereas areas with less congestion get the luxury of paying less.
The illustration below rates the highest-priced areas in Oklahoma for drivers with a bad driving record to purchase auto insurance in. Tulsa makes the list at #1 with a yearly premium of $2,259 for the average insured, which is around $188 each month.
| Rank | City | Annual Rate |
|---|---|---|
| 1 | Tulsa | $2,259 |
| 2 | Bethany | $2,223 |
| 3 | Oklahoma City | $2,178 |
| 4 | Bixby | $2,169 |
| 5 | Sand Springs | $2,161 |
| 6 | Del City | $2,155 |
| 7 | Midwest City | $2,140 |
| 8 | Moore | $2,132 |
| 9 | Broken Arrow | $2,130 |
| 10 | Owasso | $2,127 |
| 11 | Edmond | $2,105 |
| 12 | Sapulpa | $2,081 |
| 13 | Norman | $2,075 |
| 14 | Yukon | $2,055 |
| 15 | Claremore | $2,048 |
| 16 | Shawnee | $1,988 |
| 17 | Bartlesville | $1,981 |
| 18 | Enid | $1,961 |
| 19 | Ardmore | $1,955 |
| 20 | Ponca City | $1,918 |
| 21 | Stillwater | $1,911 |
| 22 | Muskogee | $1,886 |
| 23 | Duncan | $1,885 |
| 24 | Altus | $1,876 |
| 25 | Lawton | $1,865 |
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Information shown are approximated as vehicle location can modify rates substantially.
The type of vehicle you are seeking coverage for is one of the biggest factors that determines if you can find the most affordable auto insurance for drivers with a bad driving record. Vehicles with lots of speed or power, poor passenger safety features, or a high likelihood of having liability claims will cost substantially more to insure than safer, lower-performance models.
The next table illustrates insurance premiums for a number of the cheapest automobiles to buy insurance for.
| Make and Model | Estimated Cost for Full Coverage |
|---|---|
| Ford Escape XLT 4WD | $4,038 |
| Honda CR-V EX-L 4WD | $4,044 |
| Toyota Prius | $4,120 |
| Chevrolet Silverado LS Regular Cab 4WD | $4,281 |
| Honda Odyssey LX | $4,289 |
| Volkswagen Jetta SE 2.5 Station Wagon | $4,326 |
| Ford Explorer Eddie Bauer 2WD | $4,456 |
| Ford F-150 XLT Regular Cab 2WD | $4,461 |
| Ford Fusion S 4-Dr Sedan | $4,534 |
| Dodge Grand Caravan Hero | $4,544 |
| Chevrolet Equinox LS 2WD | $4,674 |
| Jeep Grand Cherokee Laredo 2WD | $4,683 |
| Toyota Tacoma Double Cab 4WD | $4,716 |
| Chevrolet Impala LT | $4,721 |
| Chevrolet Malibu LS | $4,716 |
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Premium data assumes single male driver age 50, two speeding tickets, two at-fault accidents, $1,000 deductibles, and Oklahoma minimum liability limits. Discounts applied include multi-vehicle, multi-policy, and homeowner. Rates do not factor in specific location which can raise or lower premium rates considerably.
Based on these rates, we can infer that vehicles like the Ford Escape, Honda CR-V, Toyota Prius, Chevrolet Silverado, and Honda Odyssey are most likely to be some of the less-costly vehicles to insure for bad drivers. The price for car insurance will be more expensive just due to the fact that there is more claim risk for drivers with a bad driving record, but generally speaking those particular models will probably have the cheapest auto insurance rates compared to other vehicles.
Responsible drivers pay cheaper Tulsa insurance rates
One of the best ways to earn cheap insurance premiums in Oklahoma for bad drivers is to drive attentively and not get tickets or have accidents. The chart below demonstrates how traffic citations and at-fault accidents drive up insurance rates for different ages of insureds. The data assumes a married male driver, comprehensive and collision coverage, $500 deductibles, and no other discounts are factored in.
In the previous example, the average cost of auto insurance in Oklahoma per year with no accidents and a clean driving record is $2,432. Get two speeding tickets and the average cost hikes up to $3,356, an increase of $924 each year. Then add two accidents along with the two speeding tickets and the annual cost of insurance for drivers with a bad driving record jumps again to an average of $6,938. That’s an increase of $4,506, or $376 per month, just for not keeping your driving record clean!
Discounts on Tulsa car insurance rates
Insurance companies that provide policies for drivers with a bad driving record may additionally offer price discounts that could potentially reduce rates by 40% or more if you meet certain criteria. The best insurance companies and the discounts they provide are outlined below.
- GEICO offers premium reductions for military active duty, federal employee, anti-theft, driver training, daytime running lights, and five-year accident-free.
- Travelers offers discounts for student away at school, hybrid/electric vehicle, driver training, home ownership, new car, continuous insurance, and multi-policy.
- Nationwide may offer discounts for business or organization, anti-theft, accident-free, good student, multi-policy, easy pay, and Farm Bureau membership.
- Farmers Insurance offers discounts including homeowner, bundle discounts, pay in full, early shopping, good student, and mature driver.
- Esurance includes discounts for Pac-12 alumni, defensive driver, multi-car, multi-policy, emergency road assistance, Switch & Save, and safety device.
- State Farm discounts include accident-free, safe vehicle, Steer Clear safe driver discount, multiple policy, and driver’s education.
- Progressive has savings for multi-policy, online quote discount, continuous coverage, multi-vehicle, good student, homeowner, and online signing.
- Mercury Insurance may have discounts that include age of vehicle, good student, accident-free, professional/association, good driver, and low natural disaster claims.
The chart below illustrates the difference between insurance rates with and without some available policy discounts. The information is based on a male driver, one speeding ticket and one accident, Oklahoma state minimum liability limits, full physical damage coverage, and $250 deductibles. The first bar for each age group shows insurance cost with no discounts. The lower bar shows the rates with paid-in-full, multiple vehicle, multiple policy, anti-theft, homeowner, and marriage discounts applied. When drivers take advantage of discounts, the average amount saved each year on insurance for drivers with a bad driving record is 28% or $1,315.
Price comparison of only insuring for liability
Paying a lower price for insurance is probably important to most drivers, and one of the best ways to buy cheap insurance for drivers with a bad driving record is to not buy full coverage. The diagram below illustrates the comparison of premium costs with and without full coverage. The data is based on a clean driving record, no claims, $100 deductibles, drivers are single, and no discounts are applied to the premium.
As an overall average, physical damage insurance costs an additional $2,564 per year over and above liability coverage. That is a large expense which might make you wonder if full coverage is worth the money. There is no clear-cut rule of when to phase out full coverage, but there is a guideline you can use. If the annual cost of having full coverage is more than about 10% of any settlement you would receive from your insurance company, then you may want to consider only buying liability coverage.
For example, let’s pretend your vehicle’s claim settlement value is $11,000 and you have $1,000 physical damage deductibles. If your vehicle is damaged in an accident, you would only receive $10,000 after the policy deductible has been paid. If premiums are more than $1,000 a year for your policy with full coverage, then it may be the right time to buy liability only.
There are some cases where dropping full coverage is not in your best interest. If you still owe a portion of the original loan, you have to maintain full coverage to satisfy the loan requirements. Also, if your savings is not enough to buy a different vehicle in case of an accident, you should not eliminate full coverage.
How to find economical car insurance for drivers with a bad driving record
Below you’ll find many penny-pinching ideas that can help you find low-cost auto insurance.
- Higher deductibles save money
- Do not get tickets or violations
- Good credit scores may lower your rates
- Avoid preventable accidents
- Do not pay for comprehensive and collision coverage on older vehicles
- Buy a vehicle with excellent safety ratings
- Shop around for cheaper rates regularly
That last idea is especially necessary, as was noted in the prior information. Car insurance prices change constantly, so don’t be unwilling to switch carriers if a more affordable price is available. Having brand loyalty is commendable, but is isn’t recommended if it’s costing you hundreds of dollars a year. Spend a few minutes and shop around to find cheaper insurance for drivers with a bad driving record in Tulsa.
If you aren’t clear which coverage you need and would like to get some professional input when buying car insurance for drivers with a bad driving record, the professional agents shown below can help you make a decision which car insurance policy is best. To locate an agency near you, click the button following the list or click here to compare rates now.
- Daniel Parker – State Farm Insurance Agent
6770 S Sheridan Rd STE A – Tulsa, OK 74133 – (918) 994-5400 - Clarence Zitterkob – State Farm Insurance Agent
7820 E 101st St – Tulsa, OK 74133 – (918) 369-2000 - George Hazlett – State Farm Insurance Agent
6043 S Sheridan Rd – Tulsa, OK 74145 – (918) 496-0513