The car, truck, or SUV requiring insurance is a large factor when comparison shopping for economical car insurance for college graduates. Vehicles with higher performance characteristics, poor safety ratings, or an increased likelihood of liability claims will cost significantly more to insure than more modest models. The next table ranks car insurance costs for a number of the cheapest vehicles to buy coverage for.
| Make and Model | Estimated Cost for Full Coverage |
|---|---|
| Honda CR-V EX 2WD | $1,061 |
| Ford Escape Limited 2WD | $1,087 |
| Toyota Tacoma 4WD | $1,191 |
| Ford Focus SE 4-Dr Sedan | $1,233 |
| Chevrolet Malibu LS | $1,259 |
| Toyota Camry SE | $1,326 |
| Hyundai Elantra GLS 4-Dr Sedan | $1,331 |
| Chevrolet Impala LTZ | $1,326 |
| Toyota Prius | $1,328 |
| Nissan Rogue S AWD | $1,349 |
| Honda Odyssey EX | $1,357 |
| Ford Fusion SEL 4-Dr Sedan | $1,349 |
| Chevrolet Silverado 2500HD LT Crew Cab 4WD | $1,356 |
| Toyota RAV4 Limited 2WD | $1,377 |
| Ford Explorer Eddie Bauer AWD | $1,402 |
| Dodge Grand Caravan SXT | $1,412 |
| Jeep Grand Cherokee Laredo 4WD | $1,416 |
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Data based on single male driver age 30, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Oklahoma minimum liability limits. Discounts applied include multi-policy, claim-free, multi-vehicle, homeowner, and safe-driver. Table data does not factor in the specific area where the vehicle is garaged which can impact rates considerably.
Based on these rates, we can expect models like the Honda CR-V, Ford Escape, Toyota Tacoma, Ford Focus, and Chevrolet Malibu are the less-costly vehicles to insure for college grads.
Finding out which company quotes the lowest-priced car insurance rates for college graduates involves a tad more effort than just getting one or two price quotes. Each company has their own process for determining prices, so let’s rank the most competitive car insurance companies in Oklahoma.
It’s a good idea to know that Oklahoma City, OK car insurance rates are based on many factors which can significantly increase or decrease the price of coverage. Simply having a birthday, getting married, or getting a driving violation can cause premium changes resulting in some companies being cheaper than before.
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| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | USAA | $1,185 |
| 2 | Oklahoma Farmers Union | $1,202 |
| 3 | The Hartford | $1,319 |
| 4 | Safe Auto | $1,377 |
| 5 | Farmers | $1,380 |
| 6 | GEICO | $1,394 |
| 7 | State Farm | $1,521 |
| 8 | Liberty Mutual | $1,797 |
| 9 | Travelers | $1,868 |
| 10 | OK Farm Bureau | $1,997 |
| 11 | Mercury | $2,033 |
| 12 | Shelter | $2,108 |
| 13 | Home State | $2,149 |
| 14 | Progressive | $2,157 |
| 15 | MetLife | $2,169 |
| 16 | Allstate | $2,400 |
| 17 | Safeco | $5,158 |
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USAA quotes some of the most affordable car insurance rates in Oklahoma City at around $1,185 per year. Oklahoma Farmers Union, The Hartford, Safe Auto, and Farmers also are some of the cheapest Oklahoma City, OK car insurance companies.
As illustrated above, if you are a customer of The Hartford and switched to USAA, you could earn a yearly savings of around $134. Policyholders with Safe Auto might save as much as $192 a year, and Farmers customers might see rate reductions of $195 a year.
To find the cheapest coverage for you, click here to get a free quote or visit any of the low-priced companies below.
Understand that those policy prices are averages across all insureds and vehicles and and are not figured with a specific zip code for college graduates. So the insurer that fits your needs best may not even be in the top 17 companies in the list above. That affirms the importance of why you need to get rate quotes using your own individual information.
One of the many considerations that help determine auto insurance rates is where your car is garaged in Oklahoma City. Areas with high crime rates or more dense population tend to pay slightly more, whereas areas that tend to be more rural get the luxury of paying less.
The next table shows the priciest cities in Oklahoma for college graduates to buy an auto insurance policy in. Oklahoma City is listed at #9 with an annual cost of $2,113 for car insurance, which is about $176 each month.
| Rank | City | Premium Per Year |
|---|---|---|
| 1 | Tulsa | $2,282 |
| 2 | Sand Springs | $2,227 |
| 3 | Broken Arrow | $2,216 |
| 4 | Midwest City | $2,184 |
| 5 | Bixby | $2,169 |
| 6 | Del City | $2,155 |
| 7 | Bethany | $2,135 |
| 8 | Moore | $2,132 |
| 9 | Oklahoma City | $2,113 |
| 10 | Edmond | $2,105 |
| 11 | Sapulpa | $2,102 |
| 12 | Owasso | $2,064 |
| 13 | Shawnee | $2,048 |
| 14 | Norman | $2,033 |
| 15 | Yukon | $2,015 |
| 16 | Claremore | $1,987 |
| 17 | Bartlesville | $1,981 |
| 18 | Ardmore | $1,936 |
| 19 | Stillwater | $1,931 |
| 20 | Lawton | $1,922 |
| Compare Rates Now Go | ||
Rate quotes are comparative as the specific zip code location can alter auto insurance rates considerably.
Types of discounts on Oklahoma City insurance rates
Car insurance companies that provide policies for college graduates may also give you price discounts that could reduce prices by as much as 30% if you can meet the requirements. A list of companies and a summarized list of policyholder discounts can be found below.
- Farm Bureau has savings for renewal discount, multi-policy, multi-vehicle, good student, safe driver, 55 and retired, and driver training.
- Liberty Mutual may include discounts for new graduate, multi-policy, new vehicle discount, hybrid vehicle, and new move discount.
- State Farm includes discounts for student away at school, anti-theft, passive restraint, defensive driving training, driver’s education, and Drive Safe & Save.
- Auto-Owners Insurance offers discounts for multi-policy, safe driver, company car, anti-lock brakes, and anti-theft.
- GEICO has discounts for good student, defensive driver, seat belt use, anti-lock brakes, emergency military deployment, anti-theft, and membership and employees.
- SAFECO may have discounts that include drive less, homeowner, accident prevention training, teen safe driver, teen safety rewards, and anti-lock brakes.
The illustration below visualizes the comparison of annual premium costs with and without discounts applied to the premium. The data assumes a male driver, a clean driving record, no at-fault accidents, Oklahoma state minimum liability limits, full coverage, and $500 deductibles. The first bar for each age group shows the price with no discounts. The lower bar shows the rates with claim-free, vehicle safety, safe-driver, accident-free, passive restraint, and anti-theft discounts applied. When drivers take advantage of discounts, the average savings per year on car insurance for college graduates is 28% or $799.
How accidents and tickets impact rates in Oklahoma City
One of the best ways to snag the best car insurance prices for college grads is to be a cautious driver and avoid accidents and keep your driving record clean. The chart below shows how traffic citations and accident claims can influence car insurance rates for different age categories. The premium estimates are based on a single male driver, full coverage, $500 deductibles, and no additional discounts are factored in.
In the prior example, the average cost of car insurance per year with no violations or accidents is $2,308. Receive one speeding ticket and the average cost jumps to $2,601, an increase of $293 each year. Then include one accident along with the one speeding ticket and the 12-month cost of car insurance for college graduates jumps again to an average of $3,421. That’s an increase of $1,112, or $93 per month, just for not maintaining a clean driving record!
The agencies below are willing to provide answers to your questions and help you determine which coverages you need, as some people prefer to have some professional guidance when shopping around for cheaper insurance for college grads. It can be hard to find the cheapest car insurance policy, so a professional agent can bring comfort knowing your coverage gives you enough coverage when you need it. To locate an Oklahoma City auto insurance agent using an interactive map, click the link after the list or click here to compare prices now.
- State Auto Insurance Agency Inc
4717 S Western Ave – Oklahoma City, OK 73109 – (405) 631-5575 - Mai McCoy – State Farm Insurance Agent
2800 N Classen Blvd #105 – Oklahoma City, OK 73106 – (405) 524-3327 - Tom Woodward – State Farm Insurance Agent
4401 W Memorial Rd #115 – Oklahoma City, OK 73134 – (405) 755-5958 - Rita Wallenberg – State Farm Insurance Agent
2833 SW 119th St – Oklahoma City, OK 73170 – (405) 691-2464 - Chuck Davis – State Farm Insurance Agent
9315 S Pennsylvania Ave b – Oklahoma City, OK 73159 – (405) 378-8008
More insurance agents in Oklahoma City, OK
How to find cheaper car insurance for college graduates
Lowering your rates is not difficult, and here are many money-saving suggestions that can help Oklahoma drivers find cheaper car insurance.
- Bundle car and home insurance and save money
- Pay for small claims rather than turning them in to your insurance company
- Higher comprehensive and collision coverage deductibles will save money
- Avoid at-fault accidents and claims
- Violations and traffic tickets increase rates
- Drivers with good credit often pay less
- Compare quotes from other companies often
The last suggestion is certainly crucial, as we discussed in the article above. Auto insurance prices change constantly, so drivers shouldn’t be reluctant to switch companies if you can find a cheaper rate.
Having brand loyalty is commendable, but it’s not a great idea if that faithfulness ends up costing you a small fortune. If you have a few minutes, compare prices to find cheaper auto insurance for college graduates in Oklahoma City.