The words “cheap” and “insurance” really don’t belong together, especially when trying to find the cheapest auto insurance after a speeding ticket. Because of the high cost, let’s lead off by showing you a few of the things the can have a considerable influence on auto insurance rates, and come up with some ways to shave a little off the next policy you buy.
One of the many things that help determine the price you pay for insurance is where you live in Tulsa. Cities with larger populations or higher claim trends likely pay more, whereas less populated areas benefit from lower coverage costs.
The next table shows the most costly cities in Oklahoma after a speeding ticket to purchase auto insurance in. Tulsa shows up at #1 with the yearly price of $2,282 for car insurance, which is about $190 per month.
| Rank | City | Premium Per Year |
|---|---|---|
| 1 | Tulsa | $2,282 |
| 2 | Del City | $2,221 |
| 3 | Broken Arrow | $2,216 |
| 4 | Midwest City | $2,184 |
| 5 | Oklahoma City | $2,178 |
| 6 | Sapulpa | $2,165 |
| 7 | Bethany | $2,157 |
| 8 | Moore | $2,153 |
| 9 | Owasso | $2,148 |
| 10 | Bixby | $2,147 |
| 11 | Sand Springs | $2,139 |
| 12 | Norman | $2,095 |
| 13 | Edmond | $2,063 |
| 14 | Yukon | $2,055 |
| 15 | Claremore | $2,048 |
| 16 | Stillwater | $1,989 |
| 17 | Ponca City | $1,976 |
| 18 | Shawnee | $1,968 |
| 19 | Muskogee | $1,962 |
| 20 | Ardmore | $1,955 |
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Rate information is comparative as the specific area where the vehicle is garaged can revise premiums considerably.
Finding decent, cheap insurance is not easy, and deciding which companies quote the most affordable car insurance rates after a speeding ticket will involve even more diligence. Every insurance company has their own unique process for setting rates, so let’s rank the car insurance companies with the most affordable rates in Tulsa.
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| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | USAA | $1,185 |
| 2 | Oklahoma Farmers Union | $1,190 |
| 3 | The Hartford | $1,333 |
| 4 | GEICO | $1,340 |
| 5 | Farmers | $1,394 |
| 6 | Safe Auto | $1,419 |
| 7 | State Farm | $1,521 |
| 8 | Liberty Mutual | $1,797 |
| 9 | Travelers | $1,868 |
| 10 | Mercury | $1,973 |
| 11 | OK Farm Bureau | $2,058 |
| 12 | Home State | $2,149 |
| 13 | Shelter | $2,173 |
| 14 | Progressive | $2,179 |
| 15 | MetLife | $2,235 |
| 16 | Allstate | $2,376 |
| 17 | Safeco | $5,209 |
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USAA offers some of the most affordable car insurance rates in Tulsa at around $1,185 annually. This is $782 less than the average rate paid by Oklahoma drivers of $1,967. Oklahoma Farmers Union, The Hartford, GEICO, and Farmers would also be considered some of the most economical Tulsa, OK insurance companies.
As shown in the rates above, if you currently buy coverage from GEICO and switched to USAA, you may realize an annual premium reduction of in the vicinity of $155. Customers with Farmers might save as much as $209 a year, and Safe Auto insureds might lower prices by $234 a year.
If you would like to find cheaper car insurance rates, click here to start your free quote or click through to the companies below.
Remember that these policy rates are averaged across all types of drivers and the different vehicles they drive and do not factor in an exact zip code location after a speeding ticket. So the insurer that is best for you may not even be in the top 17 companies in the list above. That emphasizes why you need to quote rates from many companies using your own personal information and vehicle type.
Full coverage rates vs. liability-only
Saving on car insurance is the goal of most vehicle owners, and one of the fastest ways to pay less for insurance after a speeding ticket is to only pay for liability coverage. The chart below shows the difference between auto insurance costs with liability coverage only compared to full coverage. The price estimates are based on no claims or violations, $100 deductibles, drivers are single, and no policy discounts are applied.
If averaged for all ages, physical damage coverage on your policy costs an extra $2,564 per year over and above liability only. That brings up the question if buying full coverage is a waste of money. There isn’t a written rule to drop physical damage insurance, but there is a general convention. If the yearly cost of comp and collision coverage is 10% or more of the vehicle’s replacement cost less your deductible, the it may be a good time to stop paying for full coverage.
The illustration below demonstrates how deductibles can raise or lower insurance costs when researching cheap insurance after a speeding ticket. The data is based on a single female driver, comprehensive and collision coverage, and no other discounts are factored in.
The chart above illustrates that a 30-year-old driver could lower rates by $550 a year by changing their physical damage coverage from a $100 deductible to a $500 deductible, or save $826 by selecting a $1,000 deductible. Young drivers, like the 20-year-old example, could save up to $1,232 annually just by choosing higher deductibles. When increasing deductibles, it will be necessary to have enough spare savings to be able to pay the extra out-of-pocket expense, which deters some drivers from choosing higher deductibles.
Why you should compare rates
Tulsa car insurance rates are impacted by many factors that will increase or decrease the policy premium. Getting older, increasing liability limits, or getting a ticket for running a stop sign can trigger rate changes resulting in some companies being much cheaper than others.
Not only may your situation change, but insurance companies change prices as needed in order to be able to pay unexpected claims. Heavier than normal losses may result in a rate increase, while less frequent claims can produce more affordable Tulsa car insurance rates.
To illustrate this example, the data below shows which companies have the cheapest car insurance in Tulsa, OK for a 30-year-old female driver with no accidents, a clean driving record, and a decent credit rating. If we estimate prices based on her personal profile, USAA may offer the lowest car insurance rates in Tulsa at $1,448 per year. This is $519 less than the average policy premium paid by Oklahoma drivers of $1,967. Oklahoma Farmers Union, The Hartford, Safe Auto, and GEICO are the rest of the cheapest Tulsa, OK auto insurance companies.
Let’s now give the driver in the first example an accident claim, a lower credit score, and a speeding ticket. Since each auto insurance company has a unique formula to set their prices, comparing quotes may now show a significantly different list of cheap Tulsa auto insurance companies as shown below.
State Farm now has the cheapest auto insurance in Tulsa, OK with Oklahoma Farmers Union, Liberty Mutual, The Hartford, and Travelers now being in the top five. This illustrates why it is so important to perform an extensive rate comparison to find the cheapest car insurance rates after a speeding ticket.
Prices are influenced by many risk factors and can decrease or increase without notice, so the cheapest option the last time you shopped your coverage around may now be one of the higher cost companies.