The type of vehicle you are seeking coverage for is a significant factor when quoting affordable car insurance for police officers. Vehicles with lots of horsepower, poor safety features, or a history of substantial liability claims will cost quite a bit more to insure than more economical and safe models. The list below features coverage premiums for a number of the more affordable automobiles to buy coverage for.
| Insured Vehicle | Estimated Cost for Full Coverage |
|---|---|
| Hyundai Elantra GLS Touring Station Wagon | $1,065 |
| Honda CR-V EX 4WD | $1,252 |
| Toyota Camry LE | $1,259 |
| Chevrolet Equinox LS 2WD | $1,269 |
| Jeep Wrangler Unlimited Sport 4WD 4-Dr | $1,306 |
| Honda Odyssey EX-L W/Rear Entertainment | $1,325 |
| Toyota Corolla XLE | $1,331 |
| Ford Escape Limited 4WD | $1,327 |
| Volkswagen Jetta SEL 4-Dr Sedan | $1,351 |
| Toyota Prius | $1,353 |
| Chevrolet Silverado LT Regular Cab | $1,359 |
| Kia Optima LX | $1,353 |
| Nissan Rogue S 2WD | $1,361 |
| Chevrolet Impala LS | $1,419 |
| Hyundai Sonata SE 4-Dr Sedan | $1,427 |
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Data rating is based on single female driver age 40, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Oklahoma minimum liability limits. Discounts applied include claim-free, safe-driver, homeowner, multi-vehicle, and multi-policy. Price estimates do not factor in zip code location which can increase or decrease price quotes greatly.
Looking at the rates, we can presume that makes and models like the Hyundai Elantra, Honda CR-V, Toyota Camry, and Chevrolet Equinox will definitely be some of the cheaper vehicles to insure for law enforcement personnel.
For law enforcement personnel, one of the more important considerations that are looked at to determine car insurance rates is where you live in Oklahoma City. Cities with larger populations tend to have more expensive car insurance rates, whereas areas with lower crime rates and fewer weather claims profit from lower rates.
The next table ranks the most expensive areas in Oklahoma for police officers in which to buy car insurance. Oklahoma City ranks #7 with a yearly premium of $2,134 for the average insurance policy, which is around $178 per month.
| Rank | City | Annual Premium |
|---|---|---|
| 1 | Tulsa | $2,259 |
| 2 | Del City | $2,243 |
| 3 | Bethany | $2,223 |
| 4 | Broken Arrow | $2,195 |
| 5 | Bixby | $2,169 |
| 6 | Sand Springs | $2,139 |
| 7 | Oklahoma City | $2,134 |
| 8 | Owasso | $2,127 |
| 9 | Midwest City | $2,119 |
| 10 | Sapulpa | $2,102 |
| 11 | Moore | $2,069 |
| 12 | Claremore | $2,048 |
| 13 | Edmond | $2,042 |
| 14 | Norman | $2,033 |
| 15 | Shawnee | $2,028 |
| 16 | Yukon | $1,994 |
| 17 | Bartlesville | $1,981 |
| 18 | Duncan | $1,942 |
| 19 | Lawton | $1,941 |
| 20 | Stillwater | $1,911 |
| 21 | Enid | $1,904 |
| 22 | Ponca City | $1,898 |
| 23 | Muskogee | $1,886 |
| 24 | Ardmore | $1,879 |
| 25 | Altus | $1,838 |
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Rate quotes are approximated as specific Oklahoma City garaging address can decrease or increase rates greatly.
Deciding which company has the most affordable auto insurance rates for police officers takes more time in order to find coverage that fits your budget. Each company uses different criteria for setting prices, so let’s rank the most affordable auto insurance companies in Oklahoma City, OK.
Keep in mind that Oklahoma City auto insurance rates are influenced by many factors which can substantially change the cost of your policy. Improving your credit rating, filing a claim, or getting a DUI may cause policy rate changes that can make some companies cheaper than before.
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| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | USAA | $1,150 |
| 2 | Oklahoma Farmers Union | $1,166 |
| 3 | The Hartford | $1,319 |
| 4 | Farmers | $1,380 |
| 5 | GEICO | $1,381 |
| 6 | Safe Auto | $1,405 |
| 7 | State Farm | $1,536 |
| 8 | Liberty Mutual | $1,852 |
| 9 | Travelers | $1,925 |
| 10 | Mercury | $1,993 |
| 11 | OK Farm Bureau | $2,018 |
| 12 | Home State | $2,128 |
| 13 | MetLife | $2,147 |
| 14 | Shelter | $2,173 |
| 15 | Progressive | $2,223 |
| 16 | Allstate | $2,376 |
| 17 | Safeco | $5,056 |
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USAA has some of the best car insurance rates in Oklahoma City at around $1,150 per year. Oklahoma Farmers Union, The Hartford, Farmers, and GEICO also qualify as some of the cheaper Oklahoma City, OK car insurance companies.
As the rates illustrate above, if you are insured with Oklahoma Farmers Union and switched to USAA, you might achieve yearly savings of around $16. Oklahoma drivers with The Hartford might save as much as $169 a year, and Farmers policyholders might see rate reductions of $230 a year.
These rates are averages across all types of insureds and vehicles and do not factor in a vehicle location for police officers. So the insurer that fits you best may not even be in the top 17 companies in the list above. That’s why you need to quote rates from as many companies as possible using your own driver data and vehicle information.
The chart below illustrates how choosing a deductible can affect yearly insurance costs when searching for cheap insurance for police officers. The data assumes a single female driver, full coverage, and no additional discounts are factored in.
The data above shows that a 30-year-old driver could pocket $406 a year by switching from a $100 deductible up to a $500 deductible, or save $616 by switching to a $1,000 deductible. Young drivers, like the age 20 example, could save $902 or more by choosing larger deductibles on their policy.
When increasing deductibles, it is essential to have enough savings to pay the extra out-of-pocket expense, which is the main drawback of higher deductibles.
Full coverage versus liability-only
Finding cheaper auto insurance is probably important to the majority of vehicle owners, and an easy way to lower the cost of insurance for police officers is to not insure for full coverage. The chart below shows the comparison of insurance premiums with full physical damage coverage compared to only buying the minimum liability limits required in Oklahoma. Data assumes no claims, a clean driving record, $500 deductibles, drivers are not married, and no discounts are applied to the premium.
If we average the cost for ages 20 through 70, physical damage coverage costs $2,815 per year more than buying just liability insurance. That may make you wonder when is it safe to stop buying full coverage. There is no written rule of when to stop paying for comp and collision coverage, 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, then it’s probably a good time to buy liability coverage only.
For example, let’s say your vehicle’s replacement value is $11,000 and you have $1,000 physical damage deductibles. If your vehicle is damaged in an accident, the most you would receive is $10,000 after paying the physical damage deductible. If you are paying over $1,000 annually for full coverage, then it might be time to consider dropping full coverage.
There are a few situations where eliminating full coverage is not recommended. If you still have a lienholder on your title, you must maintain physical damage coverage in order to prevent the bank from purchasing higher-priced coverage. Also, if you cannot afford to purchase a different vehicle in case of an accident, you should not buy liability only.
Irresponsible driving raises your rates
The easiest method to receive low auto insurance premiums in Oklahoma for law enforcement personnel is to drive safe and have a clean driving record. The example below shows how violations and accident claims can impact insurance prices for each different age group. The price estimates are based on a married male driver, full coverage, $1,000 deductibles, and no policy discounts are applied.
In the chart above, the average cost of auto insurance per year with no accidents or violations is $1,729. Receive two speeding tickets and the average cost swells to $2,379, an increase of $650 each year. Then throw in two accidents along with the two speeding tickets and the 12-month cost of auto insurance for police officers increases to an average of $4,983. That’s an increase of $3,254, or $271 per month, just for being a less-than-perfect driver!
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Oklahoma auto insurance rates are based on many factors that control the cost of a policy. Getting older, moving across town, or getting a ticket for careless driving may cause policy rate changes that can cause some rates to be more affordable than before.
Not only may your situation change, but insurers file new Oklahoma car insurance rates multiple times each year to adjust for heavy claims or excess profits. A period of increased losses can cause more expensive prices, while profitable underwriting can produce lower-priced Oklahoma City car insurance rates.
To illustrate this point, the chart below shows rates for the cheapest car insurance in Oklahoma City, OK for a 30-year-old male driver with no prior accidents, a clean driving record, and good financial standing. If we look at prices based on his personal profile, Oklahoma Farmers Union may offer the cheapest car insurance rates in Oklahoma City at $1,395 a year. This is $572 less than the average rate paid by Oklahoma drivers of $1,967. USAA, The Hartford, GEICO, and Safe Auto are also on the list of the cheapest Oklahoma City, OK auto insurance companies.
In this example, we will give the driver in the first example a chargeable claim, a lower credit score, and a couple of points charged on his driving record. Because every insurance company uses their own method to determining premium rates, comparing rates may result in a different ranking of affordable Oklahoma City car insurance companies as shown below.
State Farm now has the lowest price in Oklahoma City, OK with USAA, Travelers, Liberty Mutual, and The Hartford also having competitive pricing. This demonstrates why it is important to compare many different companies when trying to find affordable insurance quotes for police officers. Car insurance prices are impacted by many different factors and can change substantially, so the best option the last time you compared rates may now be quite expensive.