The vehicle model you are buying coverage for is a significant factor that determines if you can find the best insurance for a company car. Vehicles with high performance engines, a lack of advanced safety features, or a high likelihood of having liability claims will cost more to insure than safer, lower-performance models. The next table ranks auto insurance premiums for the most budget-friendly automobiles to insure in Oklahoma.
| Vehicle Make and Model | Estimated Cost for Full Coverage |
|---|---|
| Ford Escape XLS 4WD | $1,072 |
| Honda CR-V LX 4WD | $1,227 |
| Toyota Camry LE | $1,269 |
| Chevrolet Silverado LS Extended Cab 4WD | $1,274 |
| Jeep Wrangler Unlimited Sport 2WD 4-Dr | $1,286 |
| Toyota Corolla S | $1,335 |
| Ford Fusion SEL 4-Dr Sedan | $1,358 |
| GMC Sierra 2500HD SLE Extended Cab 4WD | $1,367 |
| Toyota Prius | $1,361 |
| Ford F-150 STX Regular Cab 4WD | $1,375 |
| Ford F-350 XL Crew Cab Turbo Diesel 2WD | $1,408 |
| Chevrolet Silverado 3500HD LTZ Crew Cab 2WD | $1,416 |
| GMC Sierra Denali Crew Cab 4WD | $1,448 |
| Toyota RAV4 Limited 4WD | $1,452 |
| Toyota Tacoma Double Cab 4WD | $1,461 |
| Compare Cheap Rates Go | |
Data variables include single female driver age 30, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Oklahoma minimum liability limits. Discounts applied include multi-vehicle, multi-policy, safe-driver, claim-free, and homeowner. Information does not factor in specific location information which can revise prices substantially.
By looking at the data, you can figure that makes and models like the Ford Escape, Honda CR-V, Toyota Camry, and Chevrolet Silverado are most likely to be some of the less-costly vehicles to insure for your employer’s vehicle.
One of the more important criteria that are used to help calculate the amount you pay each year for auto insurance is where you live in Tulsa. Areas with more people or higher crime rates will most likely have higher rates, whereas areas that tend to be more rural have the luxury of lower rates.
The table below rates the most expensive cities in Oklahoma for a company car to purchase car insurance in. Tulsa ranks #5 with a yearly cost of $2,192 for the average insured, which is about $183 each month.
| Rank | City | Premium Per Year |
|---|---|---|
| 1 | Del City | $2,243 |
| 2 | Bethany | $2,223 |
| 3 | Broken Arrow | $2,216 |
| 4 | Sand Springs | $2,205 |
| 5 | Tulsa | $2,192 |
| 6 | Midwest City | $2,184 |
| 7 | Bixby | $2,169 |
| 8 | Sapulpa | $2,165 |
| 9 | Owasso | $2,148 |
| 10 | Oklahoma City | $2,134 |
| 11 | Edmond | $2,105 |
| 12 | Moore | $2,069 |
| 13 | Shawnee | $2,048 |
| 14 | Norman | $2,033 |
| 15 | Bartlesville | $2,000 |
| 16 | Yukon | $1,994 |
| 17 | Claremore | $1,987 |
| 18 | Muskogee | $1,943 |
| 19 | Lawton | $1,941 |
| 20 | Ardmore | $1,936 |
| 21 | Stillwater | $1,931 |
| 22 | Duncan | $1,923 |
| 23 | Ponca City | $1,918 |
| 24 | Enid | $1,904 |
| 25 | Altus | $1,894 |
| Find Cheaper Insurance Go | ||
Prices are comparative as the specific Tulsa residence address can increase or decrease prices substantially.
Buying reasonably-priced car insurance is not most people’s favorite thing to do, and determining which company quotes the best car insurance rates for a company car will involve even more work. Each auto insurer uses slightly different criteria to establish rates, so we need to take a look at the car insurance companies with the overall cheapest rates in Tulsa, OK.
It’s important that you understand Tulsa, OK car insurance rates are impacted by many things that can increase the price of coverage. Price variation is why it is so important to shop around when trying to get the most economical car insurance rates for a company car. Insurance prices are influenced by many factors and can increase or decrease at any time, so the cheapest company the last time you compared rates may now cost much more than other companies.
Cheap Insurance Rates in Oklahoma
USAA may have some of the lowest car insurance rates in Tulsa at around $1,196 annually. This is $771 less than the average rate paid by Oklahoma drivers of $1,967. Oklahoma Farmers Union, The Hartford, Safe Auto, and GEICO also make the cut as some of the more affordable Tulsa, OK car insurance companies.
As depicted above, if you are a policyholder with Oklahoma Farmers Union and switched to USAA, you might achieve a yearly savings of roughly $6. Drivers with The Hartford may save as much as $123 a year, and Safe Auto policyholders might cut rates by $181 a year.
Understand that those premium estimates are averaged across all types of drivers and the different vehicles they drive and and are not figured with an exact location for a company car. So the car insurance company that has the lowest price for you may not even be in the list above. That is why you need to get auto insurance quotes using your own personal information and vehicle type.
Ending up with the best car insurance provider can be a challenge considering how many different companies sell coverage in Oklahoma. The ranking information shown below could help you analyze which coverage providers to look at when shopping your coverage around.
The rankings below are only made up of the largest auto insurers in America, so companies that have a smaller presence are not taken into consideration for this list. To check rates from the insurers below and more, just click here.
Top 10 Major Car Insurance Companies Overall in Tulsa
- Travelers
- USAA
- Mercury Insurance
- AAA Insurance
- Nationwide
- Allstate
- State Farm
- The Hartford
- Safeco Insurance
- Progressive
Get discounts on Tulsa car insurance rates
Insurance providers that offer quotes for a company car may also provide policy discounts that could lower prices by 40% or more if you are eligible to receive them. Popular car insurance companies and some of the premium reductions they offer include:
- Progressive offers premium reductions for continuous coverage, multi-policy, good student, multi-vehicle, online quote discount, online signing, and homeowner.
- The Hartford discounts include vehicle fuel type, bundle, good student, driver training, defensive driver, anti-theft, and air bag.
- Mercury Insurance may include discounts for ease of repair, age of vehicle, multi-policy, low natural disaster claims, good driver, anti-theft, and accident-free.
- GEICO may offer discounts for daytime running lights, driver training, federal employee, multi-policy, membership and employees, and five-year accident-free.
- AAA offers discounts including good driver, education and occupation, good student, pay-in-full, and AAA membership discount.
- State Farm offers discounts for accident-free, safe vehicle, Drive Safe & Save, anti-theft, good driver, multiple policy, and Steer Clear safe driver discount.
The diagram below shows the comparison of auto insurance rates with and without discounts being applied to the rates. The premiums assume a male driver, no tickets, no at-fault accidents, Oklahoma state minimum liability limits, full physical damage coverage, and $250 deductibles. The first bar for each age group shows premium with no discounts. The second bar shows the rates with multiple vehicle, marriage, passive restraint, multiple policy, anti-theft, and safe-driver discounts applied. When these discounts are applied, the average savings per year on car insurance for a company car is 28% or $650.
Tickets and at-fault accidents raise rates
The recommended way to earn affordable car insurance premiums in Tulsa for your employer’s vehicle is to drive safely and avoid at-fault accidents and violations. The chart below illustrates how traffic citations and accidents can raise auto insurance costs for each different age group. The information is based on a single female driver, comp and collision included, $250 deductibles, and no discounts are taken into consideration.
In the prior example, the average cost of auto insurance in Tulsa per year with a clean driving record and no accidents is $2,980. Get one speeding ticket and the average cost jumps to $3,379, an increase of $399 each year. Next add two accidents along with the one speeding ticket and the yearly cost of car insurance for a company car increases to an average of $6,857. That’s an increase of $3,877, or $323 per month, just for not driving responsibly!