Deciding which companies have the cheapest insurance rates for single moms involves a little more effort in order to find the lowest price quote.
Every insurance company has their own formula to determine rates, so let’s take a look at the most budget-friendly insurance companies in Oklahoma City. It’s a good idea to be aware that Oklahoma City insurance rates are based on many factors that may substantially change the price you have to pay. Improving your credit rating, adding a teenager to your policy, or having an at-fault accident can cause premium changes that can cause some rates to be cheaper in comparison to the competition.
Cheapest Insurance Rates for Single Moms
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | Oklahoma Farmers Union | $1,154 |
| 2 | USAA | $1,185 |
| 3 | The Hartford | $1,373 |
| 4 | GEICO | $1,381 |
| 5 | Safe Auto | $1,419 |
| 6 | Farmers | $1,436 |
| 7 | State Farm | $1,583 |
| 8 | Liberty Mutual | $1,797 |
| 9 | Travelers | $1,849 |
| 10 | Mercury | $1,973 |
| 11 | OK Farm Bureau | $2,058 |
| 12 | Shelter | $2,129 |
| 13 | Home State | $2,149 |
| 14 | Progressive | $2,157 |
| 15 | MetLife | $2,169 |
| 16 | Allstate | $2,400 |
| 17 | Safeco | $5,209 |
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Oklahoma Farmers Union may have some of the lowest car insurance rates in Oklahoma City at around $1,154 a year. USAA, The Hartford, GEICO, and Safe Auto also make the cut as some of the lowest-priced Oklahoma City, OK insurance companies.
As shown in the rates above, if you are currently insured with USAA and switched to Oklahoma Farmers Union, you could see an annual premium reduction of roughly $31. Policyholders with The Hartford might save as much as $219 a year, and GEICO customers might lower prices by $227 a year.
To discover how much you can save, click here to start a quote or visit several of the following companies.
Bear in mind that those policy rates are averaged for all types of insureds and vehicles and do not factor in an exact vehicle garaging location for single moms. So the auto insurance company that can offer the best rates for your situation may not even be in the list above. That illustrates why you need to compare as many prices as possible using your own driver data and vehicle information.
For single parents, one of the more important considerations that are looked at to determine the amount you pay each year for auto insurance is where you choose to live. Cities with larger populations likely pay more, whereas areas that tend to be more rural benefit from lower prices.
The illustration below ranks the most expensive areas in Oklahoma for single moms in which to buy car insurance. Oklahoma City shows up at #4 with an annual cost of $2,199 for the average policyholder, which is about $183 monthly.
| Rank | City | Annual Rate |
|---|---|---|
| 1 | Tulsa | $2,282 |
| 2 | Del City | $2,243 |
| 3 | Bethany | $2,223 |
| 4 | Oklahoma City | $2,199 |
| 5 | Bixby | $2,169 |
| 6 | Sand Springs | $2,161 |
| 7 | Midwest City | $2,140 |
| 8 | Broken Arrow | $2,130 |
| 9 | Owasso | $2,127 |
| 10 | Edmond | $2,105 |
| 11 | Moore | $2,090 |
| 12 | Sapulpa | $2,081 |
| 13 | Yukon | $2,076 |
| 14 | Norman | $2,075 |
| 15 | Claremore | $2,069 |
| 16 | Shawnee | $2,048 |
| 17 | Bartlesville | $2,000 |
| 18 | Enid | $1,961 |
| 19 | Ponca City | $1,956 |
| 20 | Stillwater | $1,931 |
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Price information shown is comparative as zip code location can raise or lower auto insurance rates substantially.
The chart below highlights how deductible choice can affect insurance prices when quoting cheap insurance for single moms. The information is based on a married male driver, full coverage, and no discounts are factored in.
The data above shows that a 40-year-old driver could lower their policy premium by $434 a year by changing their physical damage coverage from a $100 deductible up to a $500 deductible, or save $656 by selecting a $1,000 deductible. Youthful drivers, like the 20-year-old category, could roll back prices up to $1,458 or even more just by using higher deductibles.
If you do raise deductibles, it will be required to have enough spare savings to allow you to cover the extra out-of-pocket expense that comes with higher deductibles.
Selecting the right car insurance company is difficult considering how many companies sell coverage in Oklahoma. The company ratings shown next may help you pick which auto insurance companies you want to consider purchasing a policy from. These rankings are only made up of companies who write in the majority of U.S. states, so smaller companies are not included in this list.
| 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
Discounts on Oklahoma City insurance
Insurance companies that offer cheap quotes for single moms may also offer special discounts that could reduce prices by as much as 35% or more if you meet the requirements. Large insurance companies and a summarized list of policyholder discounts include:
- Progressive includes discounts for homeowner, online signing, multi-vehicle, multi-policy, and online quote discount.
- GEICO offers discounts for five-year accident-free, air bags, good student, federal employee, anti-theft, and defensive driver.
- State Farm may offer discounts for Drive Safe & Save, defensive driving training, student away at school, accident-free, good student, multiple policy, and good driver.
- Esurance offers premium reductions for homeowner, paid-in-full, online quote, online shopper, anti-lock brakes, safety device, and claim free.
- The Hartford policyholders can earn discounts including driver training, bundle, defensive driver, air bag, vehicle fuel type, good student, and anti-theft.
The information below illustrates the comparison of insurance prices with and without discounts applied to the policy premium. The premium estimates are based on a male driver, no claims or driving violations, Oklahoma state minimum liability limits, full coverage, and $100 deductibles. The first bar for each age group shows the average rate with no discounts. The lower bar shows the rates with marriage, safe-driver, accident-free, defensive driving course, multiple vehicle, and claim-free discounts applied. When these discounts are applied to the policy premium, theaverage yearly reduction on insurance for single moms is 28% or $973.
Why are you paying too much for Oklahoma City car insurance?
Oklahoma City insurance rates are influenced by many factors which can significantly increase or decrease the price you pay. Improving your credit score, having a teen driver, or getting a driving violation may prompt premium changes that can cause some rates to be more affordable than the competition. Not only may your situation change, but companies modify pricing every year or even multiple times each year to adjust for gains or losses. An unexpected high level of claims may cause price increases, while a better loss history can result in cheaper Oklahoma City car insurance rates.
For instance, the graph below shows rates for the cheapest car insurance in Oklahoma City, OK for a 30-year-old male driver with a good driving record, no prior claims, and a decent credit rating. If we estimate rates based on his personal risk profile, USAA quotes the lowest 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, GEICO, The Hartford, and Safe Auto are the remainder of the cheapest Oklahoma City, OK auto insurance companies.
In this example, we will give the driver in the first chart a claim or two, a lower credit rating, and a couple of points charged on his driving record. Because every insurance company uses their own calculation to set premium rates, comparing rates may now show a substantially altered list of the cheapest companies as shown below.
State Farm now has the lowest price in Oklahoma City, OK with Oklahoma Farmers Union, GEICO, Liberty Mutual, and The Hartford now being in the top five. This illustrates why Oklahoma drivers need to take the time to shop around to get the most budget-friendly insurance rates for single moms. Prices can be determined by many different factors and can decrease or increase without notice, so the most affordable company the last time you shopped your coverage around may now be one of the higher cost companies.