One of the more important components that are looked at to determine the annual cost of car insurance is where you keep your car. Cities with larger populations are more likely to have higher rates, whereas less populated areas get the luxury of paying less.
The next table shows the highest-priced places in Oklahoma for teenage males to purchase a policy in. Oklahoma City is listed at #9 having an annual price of $2,113 for the average insured, which is about $176 monthly.
| Rank | City | Annual Rate |
|---|---|---|
| 1 | Bixby | $2,235 |
| 2 | Del City | $2,221 |
| 3 | Tulsa | $2,215 |
| 4 | Broken Arrow | $2,195 |
| 5 | Sand Springs | $2,161 |
| 6 | Bethany | $2,157 |
| 7 | Sapulpa | $2,144 |
| 8 | Midwest City | $2,140 |
| 9 | Oklahoma City | $2,113 |
| 10 | Norman | $2,095 |
| 11 | Yukon | $2,076 |
| 12 | Moore | $2,069 |
| 13 | Owasso | $2,064 |
| 14 | Edmond | $2,063 |
| 15 | Bartlesville | $2,000 |
| 16 | Shawnee | $1,988 |
| 17 | Claremore | $1,987 |
| 18 | Ponca City | $1,976 |
| 19 | Muskogee | $1,943 |
| 20 | Stillwater | $1,931 |
| 21 | Lawton | $1,922 |
| 22 | Enid | $1,904 |
| 23 | Duncan | $1,885 |
| 24 | Ardmore | $1,879 |
| 25 | Altus | $1,876 |
| Compare Prices Now Go | ||
Information shown are approximated as the specific geographic location can modify auto insurance rates substantially.
The type of vehicle requiring insurance is one of the largest considerations when comparing quotes for the most economical auto insurance for teenage males. Vehicles with higher performance, poor passenger safety features, or a history of substantial liability claims will cost more to insure than more economical and safe models. The table below outlines insurance prices for a number of the most cost-effective automobiles to buy insurance for.
| Vehicle | Estimated Cost for Full Coverage |
|---|---|
| Ford Escape XLS 2WD | $4,366 |
| Honda Accord EX 4-Dr Sedan | $4,374 |
| Honda CR-V EX 4WD | $4,413 |
| Toyota Prius | $4,744 |
| Ford Edge SE 2WD | $4,850 |
| Ford F-150 XLT Regular Cab 4WD | $4,896 |
| Toyota Tacoma 4WD | $4,904 |
| Ford Explorer XLT 4WD | $4,896 |
| Dodge Grand Caravan Hero | $5,183 |
| Jeep Grand Cherokee Laredo 2WD | $5,189 |
| Chevrolet Malibu Hybrid | $5,183 |
| Chevrolet Equinox LT 2WD | $5,193 |
| Toyota RAV4 Limited 2WD | $5,183 |
| Find Cheaper Rates Go | |
Data based on single male driver age 17, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Oklahoma minimum liability limits. Discounts applied include claim-free, and safe-driver. Rates do not factor in specific location information which can raise or lower prices significantly.
Looking at the rates, you can assume that makes and models like the Ford Escape, Honda Accord, Honda CR-V, Toyota Prius, and Ford Edge will be some of the cheaper vehicles to insure for teen boys. Rates will tend to be more expensive because of the fact that there is more liability risk for teenage males, but in general those vehicles will most likely have the cheapest car insurance rates compared to all other vehicles.
Finding out which company has the cheapest car insurance rates for teenage males will require a bit more work in order to find coverage that fits your budget. Every insurance company used slightly different criteria for setting prices, so we need to take a look at the overall cheapest car insurance companies in Oklahoma City, OK.
It’s important to know that Oklahoma City, OK car insurance rates are impacted by many things that can increase the price of your policy. Improving your credit rating, moving to a new city, or getting into an accident can trigger changes in premium that can cause some rates to be more affordable than before.
Find Cheaper Car Insurance for Teens
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | USAA | $1,150 |
| 2 | Oklahoma Farmers Union | $1,190 |
| 3 | GEICO | $1,340 |
| 4 | Safe Auto | $1,363 |
| 5 | The Hartford | $1,373 |
| 6 | Farmers | $1,422 |
| 7 | State Farm | $1,568 |
| 8 | Liberty Mutual | $1,852 |
| 9 | Travelers | $1,925 |
| 10 | OK Farm Bureau | $2,018 |
| 11 | Mercury | $2,053 |
| 12 | Shelter | $2,108 |
| 13 | Home State | $2,128 |
| 14 | MetLife | $2,235 |
| 15 | Progressive | $2,245 |
| 16 | Allstate | $2,472 |
| 17 | Safeco | $5,209 |
| Compare Rates Now Go | ||
USAA may have some of the lowest car insurance rates in Oklahoma City at around $1,150 each year. This is $817 less than the average rate paid by Oklahoma drivers of $1,967. Oklahoma Farmers Union, GEICO, Safe Auto, and The Hartford would also be considered some of the cheapest Oklahoma City, OK car insurance companies.
As the example above demonstrates, if you are insured with Safe Auto and switched to USAA, you could see a yearly savings of around $213. Customers with The Hartford might save as much as $223 a year, and Farmers policyholders might reduce rates by $272 a year.
Understand that those prices are averaged for all drivers and vehicles in Oklahoma and do not take into consideration a specific vehicle garaging location for teenage males. So the auto insurance company that has the cheapest rates for you may not even be in the top 17 companies in the list above. That emphasizes why you need to get auto insurance quotes using your own specific driver information and vehicle.
Picking the right insurance company can be challenging considering how many choices drivers have in Oklahoma. The rank data below can help you analyze which providers you want to consider purchasing a policy from. These rankings only include companies with a national presence, so companies that may only write in Oklahoma are not taken into consideration for these rankings.
Top 10 Large Auto Insurance Companies Overall in Oklahoma City
- Travelers
- USAA
- Mercury Insurance
- AAA Insurance
- Nationwide
- Allstate
- State Farm
- The Hartford
- Safeco Insurance
- Progressive
Discount Oklahoma City auto insurance
Car insurance companies that provide policies for teenage males may provide policy discounts that could lower prices by as much as 30% if you are eligible to receive them. The best car insurance companies and a summarized list of policyholder discounts are included below.
- State Farm may include discounts for defensive driving training, accident-free, driver’s education, safe vehicle, and passive restraint.
- American Family offers discounts for bundled insurance, TimeAway discount, mySafetyValet, Steer into Savings, and air bags.
- AAA may offer discounts for multi-car, education and occupation, good driver, multi-policy, good student, pay-in-full, and anti-theft.
- GEICO policyholders can earn discounts including multi-vehicle, five-year accident-free, air bags, good student, anti-theft, and seat belt use.
- Mercury Insurance offers premium reductions for low natural disaster claims, type of vehicle, multi-car, anti-theft, and good driver.
- Farmers Insurance has savings for electronic funds transfer, switch companies, multi-car, business and professional, and pay in full.
- Progressive includes discounts for homeowner, online quote discount, continuous coverage, multi-vehicle, online signing, good student, and multi-policy.
The information below shows the comparison of insurance prices with and without discounts. The rates are based on a female driver, no driving violations, no at-fault accidents, Oklahoma state minimum liability limits, comp and collision included, and $250 deductibles.
The first bar for each age group shows the average rate with no discounts. The lower bar shows the rates with good student, paid-in-full, paperless filing, passive restraint, continuous coverage, and anti-theft discounts applied. When these discounts are applied to the policy premium, the average amount saved each year on car insurance for teenage males is 28% or $778.
Full coverage versus liability only rates
Lowering the price of car insurance should be important to most people, and one good way to save on the cost of insurance for teenage males is to not buy comprehensive and collision coverage. The information below shows the comparison of auto insurance rates with and without physical damage coverage. The costs are based on no claims or driving violations, $500 deductibles, drivers are not married, and no discounts are taken into consideration.
As an average, comp and collision coverage costs $2,815 per year more than just insuring for liability. Many drivers may wonder if it’s a good idea to buy full coverage. There is no set guideline to exclude physical damage insurance, but there is a general guideline. If the annual cost of coverage is more than about 10% of the replacement cost of your vehicle minus the policy deductible, then it may be the right time to buy liability only.