For state workers, one of the big considerations that determine the price you pay for insurance is where you choose to live. Areas with more people or more claims will most likely have higher rates, whereas areas with less congestion have the enjoyment of a little cheaper coverage.
The information below rates the most expensive places in Oklahoma for state employees in which to purchase auto insurance. Oklahoma City ranks #5 with an annual premium of $2,178 on average, which is about $182 monthly.
| Rank | City | Premium Per Year |
|---|---|---|
| 1 | Tulsa | $2,282 |
| 2 | Del City | $2,221 |
| 3 | Sand Springs | $2,205 |
| 4 | Bethany | $2,201 |
| 5 | Oklahoma City | $2,178 |
| 6 | Bixby | $2,169 |
| 7 | Broken Arrow | $2,151 |
| 8 | Owasso | $2,148 |
| 9 | Midwest City | $2,119 |
| 10 | Sapulpa | $2,081 |
| 11 | Norman | $2,075 |
| 12 | Moore | $2,069 |
| 13 | Edmond | $2,063 |
| 14 | Claremore | $2,048 |
| 15 | Bartlesville | $2,000 |
| 16 | Yukon | $1,994 |
| 17 | Shawnee | $1,968 |
| 18 | Muskogee | $1,962 |
| 19 | Stillwater | $1,931 |
| 20 | Ponca City | $1,918 |
| 21 | Enid | $1,904 |
| 22 | Ardmore | $1,898 |
| 23 | Duncan | $1,885 |
| 24 | Lawton | $1,884 |
| 25 | Altus | $1,820 |
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Table data uses approximated as the garaging address in Oklahoma City can decrease or increase premiums considerably.
Finding decent, cheap insurance is not the easiest thing to do, and figuring out which companies quote the best auto insurance rates for state employees will take even more shopping around.
Each auto insurer has a proprietary method for filing rates in each state, so let’s begin by examining the most competitive auto insurance companies in Oklahoma City.
Best Car Insurance Prices in Oklahoma
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | USAA | $1,185 |
| 2 | Oklahoma Farmers Union | $1,202 |
| 3 | The Hartford | $1,373 |
| 4 | Farmers | $1,394 |
| 5 | GEICO | $1,394 |
| 6 | Safe Auto | $1,419 |
| 7 | State Farm | $1,536 |
| 8 | Travelers | $1,868 |
| 9 | Liberty Mutual | $1,871 |
| 10 | Mercury | $1,973 |
| 11 | OK Farm Bureau | $2,079 |
| 12 | Shelter | $2,108 |
| 13 | MetLife | $2,147 |
| 14 | Home State | $2,149 |
| 15 | Progressive | $2,179 |
| 16 | Allstate | $2,472 |
| 17 | Safeco | $5,056 |
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USAA quotes some of the best car insurance rates in Oklahoma City at around $1,185 each year. This is $782 less than the average price paid by Oklahoma drivers of $1,967. Oklahoma Farmers Union, The Hartford, Farmers, and GEICO are also some of the more affordable Oklahoma City, OK car insurance companies.
As depicted above, if you currently have a policy with The Hartford and switched to USAA, you could realize an annual premium reduction of around $188. Insureds with Farmers could save as much as $209 a year, and GEICO customers might cut rates by $209 a year.
Understand that those estimates are averaged across all drivers and vehicles and and are not calculated with an exact vehicle garaging location for state employees. So the car insurance company that can offer the best rates for your situation may not even be in the list above. That’s why you need to get quotes using your own specific driver information and vehicle.
Discount Oklahoma City insurance rates
Insurance companies that offer coverage for state employees may additionally offer rate discounts that can reduce rates by as much as 35% or more if you meet eligibility requirements. Large auto insurance companies and a selection of discounts can be found below.
- Farmers Insurance offers premium reductions for mature driver, youthful driver, bundle discounts, good student, teen driver, and multi-car.
- Esurance may include discounts for emergency road assistance, defensive driver, claim free, renters, Switch & Save, and good driver.
- State Farm policyholders can earn discounts including passive restraint, driver’s education, Steer Clear safe driver discount, anti-theft, accident-free, and student away at school.
- GEICO may have discounts that include anti-lock brakes, defensive driver, anti-theft, daytime running lights, multi-policy, and multi-vehicle.
- Allstate offers discounts including good payer, farm vehicle, auto/life discount, utility vehicle, and senior citizen.
The illustration below illustrates the comparison of car insurance costs with and without some available policy discounts. The prices are based on a female driver, no driving violations, no at-fault accidents, Oklahoma state minimum liability limits, comp and collision included, and $100 deductibles.
The first bar for each age group shows the average rate with no discounts. The lower bar shows the rates with passive restraint, claim-free, multiple vehicle, anti-theft, marriage, and multiple policy discounts applied. When taking advantage of discounts, theamount saved on auto insurance for state employees is 28% or $921.
The diagram below shows how choosing a deductible can influence insurance premiums when trying to find cheap insurance for state employees. The price estimates are based on a single female driver, full physical damage coverage, and no other discounts are factored in.
A 30-year-old driver could lower their car insurance rates by $486 a year by switching from a $100 deductible up to a $500 deductible, or save $734 by switching to a $1,000 deductible. Even younger drivers, like the 20-year-old category, can save as much as $1,082 or even more by selecting a higher deductible.
If you make the decision to raise deductibles, it is necessary to have plenty of savings on hand to offset the extra out-of-pocket expense, which is the main disadvantage of using high deductibles.
Difference between liability only and full coverage rates
Finding the cheapest auto insurance is important to most people, and one great way to find cheaper insurance for state employees is to buy liability only. The information below illustrates the difference between car insurance costs with and without physical damage coverage, medical payments, and uninsured/under-insured motorist coverage. The price estimates are based on a clean driving record, no at-fault accidents, $500 deductibles, drivers are not married, and no other discounts are factored in.
If averaged for all ages, physical damage coverage costs an extra $2,108 per year more than buying just liability insurance. That brings up the question if buying full coverage is a good investment. There is no written rule to stop buying physical damage insurance, but there is a general guideline you can use. If the annual cost of having full coverage is more than 10% of the settlement you would receive from your company, the it may be a good time to stop paying for full coverage.
There are a few situations where removing full coverage is not financially feasible. If you haven’t paid off your loan, you have to maintain full coverage as part of the loan requirements. Also, if you don’t have enough money to buy a different vehicle in the event your current vehicle is totaled, you should not opt for liability only.
Why it’s important to shop around
Oklahoma City auto insurance rates are calculated based on many things which can substantially decrease or increase the cost of having a policy. Getting older, having a teen driver, or getting a few speeding tickets may prompt premium changes that may make certain companies much cheaper than others.
Also, car insurance companies file new Oklahoma car insurance rates without warning in order to remain profitable. Significantly higher claims can cause price increases, while a profitable period can cause more affordable Oklahoma City car insurance rates.
For instance, the graph below shows the cheapest car insurance in Oklahoma City, OK for a 35-year-old female driver with a good driving record, no prior claims, and a good credit rating. If we estimate prices based on her current situation, USAA offers the lowest car insurance rates in Oklahoma City at $1,376 a year. This is $591 less than the average price paid by Oklahoma drivers of $1,967. Oklahoma Farmers Union, The Hartford, Farmers, and GEICO also make the list of the cheapest Oklahoma City, OK auto insurance companies.
In the next rate comparison, we’ll give the driver in the first chart a chargeable claim, a lower credit score, and a couple of points charged on her driving record. Since every car insurance company uses their own calculation for setting rates, comparing quotes may now present a new list of companies as shown below.
State Farm now has the cheapest insurance rate in Oklahoma City with Oklahoma Farmers Union, Liberty Mutual, Travelers, and Farmers now rounding out the top five. This example shows why it is so important to take the time to shop around to find the best car insurance quotes for state employees.
Auto insurance prices are influenced by many things and change frequently, so the cheapest rate a year ago may now be costing you a lot of money.