The make and model of vehicle that is being insured is one of the largest considerations when comparing cheap coverage for electric cars. Vehicles with higher performance, poor safety features, or a high likelihood of having liability claims will cost much more to insure than more economical and safe models.
The information below ranks auto insurance rates for a handful of the most budget-friendly automobiles to buy insurance for.
| Make, Model, and Trim Level | Estimated Cost for Full Coverage |
|---|---|
| Honda Accord LX 4-Dr Sedan | $1,045 |
| Honda CR-V LX 4WD | $1,198 |
| Chevrolet Equinox LT AWD | $1,240 |
| Dodge Grand Caravan Hero | $1,249 |
| Toyota Tacoma Double Cab TRD Off-Road Package 4WD | $1,263 |
| Hyundai Elantra Blue 4-Dr Sedan | $1,279 |
| Ford Focus SES 4-Dr Sedan | $1,285 |
| Ford Escape XLT 2WD | $1,286 |
| Ford Edge SE 2WD | $1,319 |
| Nissan Rogue S AWD | $1,331 |
| Chevrolet Silverado LT Regular Cab | $1,337 |
| Honda Civic EX-L 4-Dr Sedan | $1,368 |
| Ford F-150 XL Crew Cab 4WD | $1,372 |
| Chevrolet Impala LS | $1,393 |
| Toyota RAV4 Limited 4WD | $1,421 |
| Toyota Prius | $1,426 |
| GMC Sierra 2500HD SLE Extended Cab 2WD | $1,481 |
| Chevrolet Silverado 2500HD LT Extended Cab Diesel 2WD | $1,505 |
| Jeep Grand Cherokee Laredo 2WD | $1,519 |
| Toyota Camry LE | $1,529 |
| Ford F-250 XL Super Cab Turbo Diesel 4WD | $1,523 |
| Dodge Ram 2500 Mega Cab Laramie 4WD | $1,528 |
| Ford Explorer Eddie Bauer AWD | $1,549 |
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Data based on single female driver age 30, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Oklahoma minimum liability limits. Discounts applied include homeowner, claim-free, safe-driver, multi-policy, and multi-vehicle. Rate information does not factor in specific garaging location which can lower or raise premiums noticeably.
Based on these rates, we can assume that cars like the Honda Accord, Honda CR-V, and Chevrolet Equinox are likely to be the cheaper vehicles to insure for eco-friendly vehicles.
One of the more important factors that are used to help calculate the price you pay for insurance is where you live. Cities with more crime and/or more people tend to have higher auto insurance costs, whereas areas that tend to be more rural can boast about having cheaper rates.
The information below shows the highest-priced areas in Oklahoma for electric cars in which to purchase auto insurance. Oklahoma City ranks #9 with an annual cost of $2,113 for the average policy, which is about $176 each month.
| Rank | City | Annual Premium |
|---|---|---|
| 1 | Sand Springs | $2,227 |
| 2 | Del City | $2,221 |
| 3 | Broken Arrow | $2,216 |
| 4 | Midwest City | $2,205 |
| 5 | Tulsa | $2,192 |
| 6 | Bixby | $2,169 |
| 7 | Bethany | $2,135 |
| 8 | Owasso | $2,127 |
| 9 | Oklahoma City | $2,113 |
| 10 | Edmond | $2,105 |
| 11 | Moore | $2,090 |
| 12 | Sapulpa | $2,081 |
| 13 | Norman | $2,075 |
| 14 | Claremore | $2,048 |
| 15 | Yukon | $2,015 |
| 16 | Bartlesville | $2,000 |
| 17 | Stillwater | $1,970 |
| 18 | Shawnee | $1,968 |
| 19 | Ardmore | $1,955 |
| 20 | Muskogee | $1,943 |
| 21 | Enid | $1,942 |
| 22 | Ponca City | $1,898 |
| 23 | Duncan | $1,885 |
| 24 | Lawton | $1,884 |
| 25 | Altus | $1,820 |
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Premium costs are estimated as specific location information can impact insurance rates noticeably.
Trying to buy reasonably-priced auto insurance is not most people’s favorite thing to do, and deciding which company quotes the most affordable car insurance rates for electric cars calls for even more rate comparisons. Each company has a unique approach for establishing rates, so first we will examine the lowest cost car insurance companies in Oklahoma City, OK.
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| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | Oklahoma Farmers Union | $1,190 |
| 2 | USAA | $1,196 |
| 3 | The Hartford | $1,373 |
| 4 | Farmers | $1,380 |
| 5 | GEICO | $1,381 |
| 6 | Safe Auto | $1,419 |
| 7 | State Farm | $1,568 |
| 8 | Liberty Mutual | $1,816 |
| 9 | Travelers | $1,925 |
| 10 | OK Farm Bureau | $1,997 |
| 11 | Mercury | $2,053 |
| 12 | Home State | $2,149 |
| 13 | Shelter | $2,194 |
| 14 | MetLife | $2,235 |
| 15 | Progressive | $2,245 |
| 16 | Allstate | $2,400 |
| 17 | Safeco | $5,056 |
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Oklahoma Farmers Union quotes some of the most affordable car insurance rates in Oklahoma City at around $1,190 each year. This is $777 less than the average rate paid by Oklahoma drivers of $1,967. USAA, The Hartford, Farmers, and GEICO also rank well as some of the most economical Oklahoma City, OK car insurance companies.
As shown in the rates above, if you currently have a policy with USAA and switched to Oklahoma Farmers Union, you may realize savings of approximately $6. Policyholders with The Hartford might save as much as $183 a year, and Farmers policyholders might see rate reductions of $190 a year.
If you would like to find cheaper car insurance rates, click here to get quotes or click through to the companies below.
Understand that those policy rates are averaged across all drivers and vehicles and are not factoring in a specific zip code for electric cars. So the company that can offer you the lowest price may not even be in the top 17 companies shown above. That affirms the importance of why you need to compare as many prices as possible using your own specific driver and vehicle information.
Discount Oklahoma City auto insurance
Insurers that provide policies for electric cars could also offer discounts that can lower rates by as much as 35% if you are eligible to receive them. The best car insurance companies and some of the discounts can be found below.
- State Farm offers premium reductions for driver’s education, student away at school, accident-free, defensive driving training, and Steer Clear safe driver discount.
- Liberty Mutual may include discounts for new graduate, exclusive group savings, multi-car, new move discount, preferred payment discount, good student, and teen driver discount.
- American Family policyholders can earn discounts including good driver, good student, bundled insurance, air bags, TimeAway discount, and multi-vehicle.
- Progressive discounts include online quote discount, online signing, multi-vehicle, homeowner, and continuous coverage.
- Farmers Insurance has savings for multi-car, distant student, switch companies, mature driver, bundle discounts, business and professional, and homeowner.
- Auto-Owners Insurance includes discounts for student away at school, multi-policy, anti-lock brakes, good student, group or association, and company car.
- SAFECO may have discounts that include homeowner, drive less, multi-car, anti-lock brakes, teen safety rewards, safe driver, and bundle discounts.
The chart below shows the difference between auto insurance costs with and without policy discounts. The premium estimates are based on a female driver, no accidents, no driving violations, Oklahoma state minimum liability limits, full physical damage coverage, and $500 deductibles. The first bar for each age group shows the average rate with no discounts. The second bar shows the rates with claim-free, homeowner, anti-theft, multiple vehicle, marriage, and passive restraint discounts applied. When drivers qualify for the discounts, the average amount saved each year on car insurance for electric cars is 28% or $558.
Buying coverage from the top car insurance provider is hard considering how many companies provide coverage in Oklahoma. The company information displayed below could help you select which providers to look at purchasing a policy from. These ratings are only made up of large insurance companies, so companies that only write business in Oklahoma or surrounding areas will not be included in these rankings.
| 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 |
| American Family | 91 | 86 | 95 | 83% | A | 89.7 |
| Esurance | 86 | 90 | 94 | 90% | A+ | 89.5 |
| The General | 86 | 93 | 89 | 84% | A- | 88.2 |
| GEICO | 79 | 89 | 95 | 87% | A++ | 87.8 |
| 21st Century | 86 | 82 | 90 | 84% | A | 86.4 |
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Data Source: Insure.com Best Car Insurance Companies
Last year’s bargain might be this year’s rip off
Oklahoma City, OK car insurance rates are determined by lots of factors that can increase the cost of a policy. Turning one year older, buying another vehicle, or getting a ticket for careless driving can trigger changes in premium that may make certain companies more affordable than the competition.
Not only may your situation change, but insurers change premium rates every year or even multiple times each year as an adjustment for underwriting gains or losses. A period of increased losses may cause higher priced premiums, while lower claim levels may cause more affordable Oklahoma City car insurance rates.
The bar chart below shows the companies that have 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 high credit rating. If we compare prices based on her current risk profile, USAA might offer the cheapest car insurance rates in Oklahoma City at $1,335 annually. This is $632 less than the average policy premium paid by Oklahoma drivers of $1,967. Oklahoma Farmers Union, Safe Auto, The Hartford, and GEICO round out the rest of the best Oklahoma City, OK auto insurance companies.
The next chart shows rates after we give the driver from the first set of rates a couple of claims, a lower credit score, and a couple of points charged on her driving record. Since each auto insurer has their own formula for determining prices, comparing quotes may now result in a different list of the cheapest Oklahoma City car insurance companies as shown below.
State Farm now has the best auto insurance rate in Oklahoma City with Oklahoma Farmers Union, Liberty Mutual, Travelers, and The Hartford now rounding out the top five. This demonstrates why Oklahoma drivers need to compare many different companies to get the cheapest insurance quotes for electric cars. Prices can be determined by many factors and can change substantially, so the best price the last time you compared rates may now be an over-priced policy.