If saving the most money is your goal, then the best way to get more affordable auto insurance rates is to start comparing rates regularly from different companies in Oklahoma City. You can compare prices by completing these steps.
Step 1: Read and learn about how car insurance works and the measures you can take to keep rates low. Many rating criteria that drive up the price such as traffic violations and poor credit history can be improved by making minor changes to your lifestyle. Continue reading for additional tips to prevent rate hikes and get bigger discounts that may have been overlooked.
Step 2: Compare rates from exclusive agents, independent agents, and direct providers. Direct companies and exclusive agencies can only give prices from a single company like Progressive or State Farm, while independent agents can provide price quotes from multiple companies. View companies
Step 3: Compare the price quotes to the price on your current policy to see if you can save by switching companies. If you find better rates and switch companies, make sure there is no lapse in coverage.
A valuable tip to remember is that you’ll want to make sure you compare the same level of coverage on each quote and and to get rate quotes from as many companies as feasibly possible. This guarantees an apples-to-apples comparison and a complete rate analysis.
Remarkably, a study showed that nearly 70% of customers have been with the same company for at least four years, and approximately 38% of consumers have never even shopped around for affordable coverage. Many consumers in Oklahoma could save almost 35% every year, but most tend to underestimate the amount of savings they would get if they swap their current policy for a cheaper one.
We hope to instruct you on the most effective way to quote insurance and some tips to save money. If you have coverage now, you should be able to save money using this strategy. Smart shoppers only need an understanding of the best way to shop for auto insurance online from multiple companies.
Cutting your Oklahoma City insurance rates is actually easier than you may think. All you need to do is invest a few minutes to compare rate quotes provided by online insurance companies.
The companies shown below are our best choices to provide price comparisons in Oklahoma. If multiple companies are listed, it’s a good idea that you visit several of them in order to get a fair rate comparison.
Three main reasons to buy auto insurance
Despite the potentially high cost of Buick Regal insurance, insuring your vehicle is required for several reasons.
- Just about all states have minimum mandated liability insurance limits which means you are required to carry a minimum amount of liability in order to drive the car legally. In Oklahoma these limits are 25/50/25 which means you must have $25,000 of bodily injury coverage per person, $50,000 of bodily injury coverage per accident, and $25,000 of property damage coverage.
- If your vehicle has a loan, most banks will force you to have insurance to ensure the loan is repaid in case of a total loss. If the policy lapses, the bank or lender will purchase a policy for your Buick at a significantly higher premium and require you to pay for it.
- Auto insurance preserves not only your vehicle but also your assets. It will also cover medical bills for not only you but also any passengers injured in an accident. One policy coverage, liability insurance, will also pay to defend you if anyone sues you for causing an accident. If your vehicle suffers damage from an accident or hail, comprehensive and collision coverage will pay to repair the damage minus the deductible amount.
The benefits of buying auto insurance are definitely more than the cost, particularly for liability claims. The average driver in Oklahoma is overpaying over $850 per year so you should quote your policy with other companies once a year at a minimum to help ensure money is not being wasted.
Get More Affordable Insurance Rates by Understanding These Factors
Lots of factors are part of the equation when you get a price on insurance. Some factors are common sense such as traffic violations, but other criteria are less obvious such as whether you are married or your financial responsibility.
- Improve your credit history and save – Having a bad credit score can be an important factor in determining premium rates. So if your credit is not that good, you could save money insuring your Buick Regal by taking the time to improve your credit score. Insureds with very high credit ratings tend to be more responsible and file fewer claims than drivers with poor credit scores.
- Deductibles are a factor – Insurance for physical damage, commonly called comprehensive (or other-than-collision) and collision coverage, is used to repair damage to your Buick. Some instances where coverage would apply would be a dented fender, hitting a deer, and windstorm damage. The deductibles are the amount of money the insured will be required to pay if the claim is covered. The more money you have to pay, the better rate you will receive.
- Lower annual miles equals lower premium – The more you drive annually the more it will cost to insure it. A lot of companies apply a rate based upon how much you drive. Autos that have low annual miles cost less to insure as compared to vehicles used primarily for driving to work. Having an incorrect usage rating on your Regal may be wasting your money. Ask your agent if your car insurance declarations sheet states annual mileage.
- Urban residents pay more – Having an address in less populated areas has definite advantages when it comes to car insurance. Lower population means reduced accidents and lower theft and vandalism rates. People in densely populated areas have to deal with more traffic problems and more time behind the wheel. Longer commute distances means more chance of being in an accident.
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Buick Regal insurance loss data – Insurance companies use claims history as a way to help calculate a profitable premium price. Vehicles that the data shows to have a higher amount or frequency of claims will cost more for specific coverages.
The data below shows the compiled insurance loss statistics for Buick Regal vehicles. For each insurance policy coverage type, the statistical loss for all vehicles, regardless of make, model or trim level, is a value of 100. Values below 100 suggest losses that are better than average, while numbers above 100 point to more claims or statistically larger claims.
Buick Regal Insurance Loss Statistics Make and Model Collision Property Damage Comp Personal Injury Medical Payment Bodily Injury Buick Regal 2WD 96 92 82 104 94 97 Buick Regal 4WD 113 87 BETTERAVERAGEWORSEEmpty fields indicate not enough data collected
Statistics from IIHS.org for 2013-2015 Model Years
Don’t give up on cheap coverage
Throughout this article, we presented a lot of ways to save on Buick Regal insurance in Oklahoma City. The most important thing to understand is the more quotes you get, the better your chances of lowering your premium rates. Drivers may even discover the most savings is with some of the lesser-known companies.
Insureds change insurance companies for a number of reasons such as an unsatisfactory settlement offer, being labeled a high risk driver, high prices or policy non-renewal. Regardless of your reason for switching companies, finding a great new company is pretty easy and you might even save some money in the process.
Low-cost Buick Regal insurance in Oklahoma City can be bought on the web and also from your neighborhood Oklahoma City agents, and you should compare rates from both to have the best selection. Some companies may not offer the ability to get quotes online and usually these regional insurance providers work with independent agents.
More information
- Get the Right Protection (InsureUonline.org)
- How Much is Auto Insurance for Teenage Females in Oklahoma City? (FAQ)
- What Insurance is Cheapest for a Subaru Forester in Oklahoma City? (FAQ)
- What Determines the Price of My Auto Insurance Policy? (Insurance Information Institute)
- Insurance losses by make and model (Insurance Institute for Highway Safety)
- Auto Theft Statistics (Insurance Information Institute)
- Auto Insurance FAQ (Farmers Insurance)