The words “bargain” and “insurance” really shouldn’t be used in the same sentence, in particular when looking for the best insurance rates for good drivers. Because of the high cost, let’s go over some of the things that have an impact on auto insurance premiums, and see if you can lower the price of your next policy.
The vehicle model that is being insured is one of the largest factors in finding the cheapest insurance for good drivers. Vehicles with average performance, good safety features, or a low likelihood of having liability claims will cost substantially less to insure than higher performance models. The table below illustrates coverage costs for the cheapest vehicles to insure in Oklahoma.
| Vehicle Make and Model | Estimated Cost for Full Coverage |
|---|---|
| Ford Escape XLT 4WD | $1,168 |
| Honda CR-V LX 4WD | $1,250 |
| Toyota Prius | $1,265 |
| Honda Accord LX 4-Dr Sedan | $1,286 |
| Ford Edge Limited 2WD | $1,325 |
| Toyota Tacoma Double Cab TRD Sport Package 4WD | $1,375 |
| Dodge Grand Caravan SXT | $1,385 |
| Jeep Wrangler Unlimited Sahara 2WD 4-Dr | $1,392 |
| Honda Civic EX 4-Dr Sedan | $1,397 |
| Ford Explorer XLT 4WD | $1,400 |
| Chevrolet Impala LTZ | $1,424 |
| Honda Odyssey EX-L | $1,432 |
| Chevrolet Malibu LTZ | $1,448 |
| Nissan Altima Hybrid 4-Dr Sedan | $1,458 |
| Dodge Ram Crew Cab SLT 2WD | $1,474 |
| Toyota RAV4 Limited 4WD | $1,481 |
| Volkswagen Jetta 2.0T Station Wagon | $1,498 |
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Prices based on single male driver age 40, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Oklahoma minimum liability limits. Discounts applied include safe-driver, multi-policy, claim-free, homeowner, and multi-vehicle. Rates do not factor in specific location which can revise rates considerably.
Based upon the table data, cars like the Ford Escape, Honda CR-V, Toyota Prius, and Honda Accord are a few of the cheapest vehicles to insure for safe drivers.
Deciphering which insurers offer the cheapest insurance rates for good drivers involves a bit more work in order to find the lowest price quote.
Every insurance provider has a unique formula to set policy rates, so we’ll go over the overall cheapest insurance companies in Oklahoma. It’s important to know that Tulsa insurance rates are calculated based on many things which can substantially decrease or increase the cost of having a policy. Turning one year older, filing a claim, or having an at-fault accident can trigger price changes that can make some companies cheaper in comparison to the competition.
Lowest Insurance Price Quotes for Good Drivers
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | USAA | $1,150 |
| 2 | Oklahoma Farmers Union | $1,202 |
| 3 | Safe Auto | $1,363 |
| 4 | The Hartford | $1,373 |
| 5 | GEICO | $1,394 |
| 6 | Farmers | $1,436 |
| 7 | State Farm | $1,583 |
| 8 | Liberty Mutual | $1,816 |
| 9 | Travelers | $1,868 |
| 10 | Mercury | $1,973 |
| 11 | OK Farm Bureau | $2,018 |
| 12 | Shelter | $2,108 |
| 13 | Home State | $2,149 |
| 14 | MetLife | $2,169 |
| 15 | Progressive | $2,179 |
| 16 | Allstate | $2,472 |
| 17 | Safeco | $5,158 |
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USAA quotes some of the cheapest car insurance rates in Tulsa at around $1,150 each year. This is $817 less than the average policy premium paid by Oklahoma drivers of $1,967. Oklahoma Farmers Union, Safe Auto, The Hartford, and GEICO are also some of the cheaper Tulsa, OK car insurance companies.
As shown in the rates above, if you currently have a policy with Oklahoma Farmers Union and switched to USAA, you could earn a yearly price reduction of roughly $52. Drivers with Safe Auto may save as much as $213 a year, and The Hartford customers might lower prices by $223 a year.
To find cheaper insurance rates for your vehicle, click here to start your free quote or click several companies below for low rates.
It’s important to note that these prices are averaged for all drivers and vehicles in Oklahoma and do not take into consideration a specific zip code for good drivers. So the insurer that has the cheapest price for you may not even be in the top 17 companies shown above. That affirms the importance of why you need to compare rates from as many companies as possible using your own driver and vehicle profiles.
Oklahoma insurance companies ranked
Insuring your vehicle with a good quality car insurance company can be rather challenging considering how many companies there are in Tulsa. The information shown next can help you analyze which auto insurers you want to consider putting your business with. These ratings only include companies with a national presence, so companies that focus mainly on Oklahoma business are not included in these rankings.
Top 10 Major Auto Insurers Overall in Tulsa
- Travelers
- USAA
- Mercury Insurance
- AAA Insurance
- Nationwide
- Allstate
- State Farm
- The Hartford
- Safeco Insurance
- Progressive
Careless Tulsa drivers pay higher rates
In a perfect world, the ideal way to score cheap insurance premiums for safe drivers is to drive carefully and maintain a clean driving record. The example below demonstrates how citations and accidents can increase insurance prices for each age group. The rate quotes are based on a single female driver, comprehensive and collision coverage, $500 deductibles, and no discounts are taken into consideration.
In the prior example, the average cost of auto insurance in Tulsa per year with no accidents or violations is $2,008. Receive one speeding ticket and the average cost hikes up to $2,277, an increase of $270 each year. Then add in two accidents along with the one speeding ticket and the 12-month cost of insurance for good drivers jumps again to an average of $4,695. That’s an increase of $2,687, or $224 per month, just for not driving carefully!
Comparing rates can save you money
Tulsa insurance rates are impacted by many factors that will increase or decrease the policy price. Turning one year older, having a claim, or getting a driving violation may generate price changes that can cause some rates to be cheaper in comparison to the competition.
In addition to those changes, insurers file new rates multiple times each year to adjust for gains or losses. Heavy losses may result in a rate increase, while better underwriting may result in cheaper Tulsa car insurance rates.
For example, the bar chart below demonstrates which company has the cheapest car insurance in Tulsa, OK for a 45-year-old female driver with a clean driving record, no accidents, and a good credit history. When quoting prices based on her personal risk profile, Oklahoma Farmers Union might quote the lowest car insurance rates in Tulsa at $1,390 a year. This is $577 less than the average premium paid by Oklahoma drivers of $1,967. USAA, The Hartford, Safe Auto, and Farmers are also on the list of the top five cheapest Tulsa, OK auto insurance companies.
Let’s now give the driver from the first rate comparison a claim surcharge, a lower credit score, and a couple of points charged on her driving record. Because each company has their own process for filing rates in each state, comparing quotes could now result in a new list of the cheapest car insurance companies in Tulsa as shown below.
State Farm now has the cheapest rate in Tulsa, OK with USAA, The Hartford, Liberty Mutual, and Farmers also being competitive. This illustrates why drivers need to compare lots of rates to find the best car insurance quotes for good drivers.
Insurance rates are calculated by many factors and change frequently, so the most affordable company six months ago may now cost much more than other companies.