Figuring out which company has the lowest-priced car insurance rates for business use takes a little more sweat in order to find coverage that fits your budget.
Every insurance provider uses their own calculation for setting prices, so we’ll take a look at the car insurance companies with the most affordable rates in Tulsa, OK. We do need to point out that Tulsa, OK car insurance rates are influenced by many factors that can increase your annual premium. Simply having another birthday, getting divorced, or getting a couple of tickets can produce rate changes that can make some companies cheaper than others.
Cheap Insurance Rates for Business Use
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | Oklahoma Farmers Union | $1,154 |
| 2 | USAA | $1,185 |
| 3 | The Hartford | $1,319 |
| 4 | GEICO | $1,353 |
| 5 | Safe Auto | $1,419 |
| 6 | Farmers | $1,436 |
| 7 | State Farm | $1,521 |
| 8 | Liberty Mutual | $1,816 |
| 9 | Travelers | $1,849 |
| 10 | Mercury | $2,053 |
| 11 | OK Farm Bureau | $2,079 |
| 12 | Home State | $2,193 |
| 13 | Shelter | $2,194 |
| 14 | MetLife | $2,213 |
| 15 | Progressive | $2,245 |
| 16 | Allstate | $2,400 |
| 17 | Safeco | $5,056 |
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Oklahoma Farmers Union has some of the lowest car insurance rates in Tulsa at around $1,154 a year. This is $813 less than the average rate paid by Oklahoma drivers of $1,967. USAA, The Hartford, GEICO, and Safe Auto would also make the list of some of the most economical Tulsa, OK car insurance companies.
As the rates illustrate above, if you currently have coverage with Safe Auto and switched to USAA, you could earn a yearly price reduction of about $234. Customers with Farmers may save as much as $251 a year, and State Farm customers might lower prices by up to $336 a year.
These policy prices are averaged for all drivers and vehicles in Oklahoma and do not factor in a specific vehicle garaging location for business use. So the company that fits your situation best may not even be in the top 17 companies shown above. That point stresses why you need to compare as many prices as possible using your own specific driver and vehicle information.
One of the more important factors that determine the annual cost of car insurance is your zip code. Areas with increased crime or more people will most likely pay more, whereas areas with fewer weather claims and lower vehicle theft rates have the gratification of cheaper auto insurance rates.
The information below lists the most expensive areas in Oklahoma for business use to buy auto insurance in. Tulsa comes in at #1 with the yearly price of $2,282 for the average insured, which is approximately $190 monthly.
| Rank | City | Average Per Year |
|---|---|---|
| 1 | Tulsa | $2,282 |
| 2 | Bethany | $2,201 |
| 3 | Sapulpa | $2,165 |
| 4 | Sand Springs | $2,161 |
| 5 | Del City | $2,155 |
| 6 | Broken Arrow | $2,151 |
| 7 | Bixby | $2,147 |
| 8 | Oklahoma City | $2,134 |
| 9 | Moore | $2,132 |
| 10 | Owasso | $2,127 |
| 11 | Midwest City | $2,119 |
| 12 | Edmond | $2,105 |
| 13 | Norman | $2,075 |
| 14 | Shawnee | $2,028 |
| 15 | Claremore | $2,008 |
| 16 | Yukon | $1,994 |
| 17 | Bartlesville | $1,981 |
| 18 | Ponca City | $1,976 |
| 19 | Duncan | $1,942 |
| 20 | Stillwater | $1,931 |
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Rate quotes are estimated as the specific Tulsa residence address can modify rates noticeably.
Tickets and at-fault accidents raise rates
One of the best ways to get affordable car insurance rates in Tulsa for using your car for business is to be a safe driver and avoid traffic citations and accidents. The example below highlights how speeding tickets and accident claims influence insurance costs for different categories of driver ages. The prices are based on a single female driver, comp and collision included, $500 deductibles, and no discounts are factored in.
In the example above, the average cost of auto insurance in Tulsa per year with a clean driving record and no accidents is $2,008. Get two speeding tickets and the average cost rises to $2,684, an increase of $676 each year. Now get two accidents along with the two speeding tickets and the yearly cost of car insurance for business use jumps again to an average of $5,330. That’s an increase of $3,322, or $277 per month, just for not driving attentively!
Oklahoma car insurance companies ranked
Insuring your vehicle with the right auto insurance company is hard considering how many different companies sell coverage in Oklahoma. The ranking data displayed below may help you analyze which insurers to look at putting your business with.
The ratings below only include companies who write in the majority of U.S. states, so companies with more of a regional focus are not included in the list. To get price quotes from these and other companies in Oklahoma, simply click here.
| Company | Value | Customer Service | Claims | Customer Satisfaction | A.M Best Rating | Overall Score |
|---|---|---|---|---|---|---|
| Travelers | 93 | 98 | 99 | 88% | A++ | 95.1 |
| USAA | 83 | 99 | 100 | 91% | A++ | 94.1 |
| Mercury Insurance | 97 | 96 | 88 | 89% | A+ | 93.4 |
| AAA Insurance | 91 | 95 | 92 | 90% | A | 93.3 |
| Nationwide | 85 | 95 | 97 | 89% | A+ | 92.4 |
| Allstate | 77 | 100 | 97 | 88% | A+ | 90.7 |
| State Farm | 80 | 94 | 96 | 88% | A++ | 90.6 |
| The Hartford | 88 | 93 | 91 | 87% | A+ | 90.4 |
| Safeco Insurance | 91 | 95 | 85 | 88% | A | 90.2 |
| Progressive | 88 | 94 | 83 | 88% | A+ | 90.1 |
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Data Source: Insure.com Best Car Insurance Companies
The information below demonstrates how choosing different deductibles can influence insurance prices when getting quotes for cheap insurance for business use. The costs are based on a single female driver, full physical damage coverage, and no other discounts are factored in.
In the chart above, a 40-year-old driver could reduce rates by $354 a year by switching the physical damage coverage from a $100 deductible to a $500 deductible, or save $538 by switching to a $1,000 deductible. Even younger drivers, like the age 20 example, could lower their rates as much as $902 or more just by choosing higher deductibles when buying full coverage.
When increasing deductibles, it is 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.
The Tulsa car insurance agencies listed below are willing to help you decide which car insurance company is the best fit, since some people prefer to have some advice when comparing insurance rates for using your car for business. It can be time-consuming to find the cheapest rate yourself, so insurance agents can give satisfaction knowing you have adequate protection. To find a Tulsa insurance agent close to you, click the button below the list.
GEICO Insurance Agent
8353 S Memorial Dr – Tulsa, OK 74133 – (918) 384-0707
Bob Breitenstein – State Farm Insurance Agent
7318 S Yale Ave – Tulsa, OK 74136 – (918) 492-7600
Jim Campos – State Farm Insurance Agent
12802 E 31st St a – Tulsa, OK 74146 – (918) 622-4777
Tulsa Insurance Gu
427 South Boston Avenue, 518 – Tulsa, OK 74103 – (918) 574-6262