If saving the most money is your goal, then the best way to get budget auto insurance rates in Oklahoma City is to start comparing prices regularly from different companies who provide auto insurance in Oklahoma. Prices can be compared by completing these steps.
- Get an understanding of auto insurance and the changes you can make to prevent expensive coverage. Many policy risk factors that drive up the price such as accidents, traffic tickets, and a low credit rating can be remedied by making small lifestyle or driving habit changes. Keep reading for more details to get cheaper rates and find overlooked discounts.
- Obtain price quotes from direct, independent, and exclusive agents. Exclusive agents and direct companies can provide rates from a single company like Progressive and State Farm, while independent agencies can quote rates from many different companies.
- Compare the price quotes to the price on your current policy to determine if you can save on Insight insurance in Oklahoma City. If you find a lower rate and make a switch, make sure there is no coverage gap between policies.
A good tip to remember is to make sure you enter similar limits and deductibles on each quote request and and to look at as many different insurance providers as possible. Doing this helps ensure an accurate price comparison and a better comparison of the market.
It’s an obvious statement that car insurance companies want to prevent you from shopping around. People who shop around for a cheaper policy are highly likely to switch auto insurance companies because they have a good chance of finding a lower rate. Remarkably, a study showed that drivers who shopped around saved an average of $70 a month compared to drivers who never shopped for cheaper rates.
If finding the best rates on insurance in Oklahoma City is your intention, then learning a little about how to get rate quotes and compare coverage rates can help make the process easier.
Getting a cheaper price on Honda Insight insurance doesn’t have to be difficult. The only requirement is to take a couple of minutes to get quotes from some recommended companies.
The car insurance companies shown below offer free quotes in Oklahoma City, OK. If more than one company is shown, we suggest you visit as many as you can to find the cheapest car insurance rates.
Three main reasons to buy auto insurance
Despite the high insurance cost for a Honda Insight in Oklahoma City, insurance is required by state law in Oklahoma and it also provides benefits you may not be aware of.
- Almost all states have minimum liability requirements which means you are required to buy a specific level of liability coverage in order to license the vehicle. 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 you have a loan on your vehicle, more than likely the lender will make it a condition of the loan that you have comprehensive coverage to ensure loan repayment if the vehicle is totaled. If you do not keep the policy in force, the bank may buy a policy for your Honda at a much higher rate and require you to reimburse them much more than you were paying before.
- Auto insurance preserves not only your Honda but also your financial assets. It will also reimburse you for medical expenses incurred in an accident. Liability insurance will also pay attorney fees if someone files suit against you as the result of an accident. If your car is damaged in a storm or accident, comprehensive (other-than-collision) and collision coverage will cover the repair costs.
The benefits of buying auto insurance more than offset the price you pay, especially for larger claims. The average driver in America overpays as much as $750 every year so we recommend shopping around once a year at a minimum to be sure current rates are still competitive.
Honda Insight insurance statistics and information
The information shown below covers estimates of insurance costs for Honda Insight models. Having a good grasp of how insurance prices are determined can be valuable when making smart choices when purchasing an insurance policy.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Insight LX | $260 | $572 | $470 | $28 | $140 | $1,470 | $123 |
| Insight EX | $298 | $674 | $470 | $28 | $140 | $1,610 | $134 |
| Get Your Own Custom Quote Go | |||||||
Above prices assume married female driver age 40, no speeding tickets, no at-fault accidents, $250 deductibles, and Oklahoma minimum liability limits. Discounts applied include multi-policy, safe-driver, homeowner, multi-vehicle, and claim-free. Price estimates do not factor in vehicle location which can raise or lower coverage prices greatly.
Policy deductible comparison
The hardest decision when buying coverage is how high should your deductibles be. The rates below may help to illustrate the differences in premium rates when you choose different physical damage coverage deductibles. The first price estimate table uses a $100 physical damage deductible and the second rate chart uses a $1,000 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Insight LX | $336 | $698 | $448 | $26 | $134 | $1,667 | $139 |
| Insight EX | $386 | $822 | $448 | $26 | $134 | $1,841 | $153 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Insight LX | $186 | $368 | $448 | $26 | $134 | $1,162 | $97 |
| Insight EX | $214 | $432 | $448 | $26 | $134 | $1,254 | $105 |
| Get Your Own Custom Quote Go | |||||||
Premium data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Oklahoma minimum liability limits. Discounts applied include multi-vehicle, multi-policy, homeowner, claim-free, and safe-driver. Premium amounts do not factor in the specific area where the vehicle is garaged which can influence coverage prices noticeably.
Based on the above data, using a $100 deductible will cost you roughly $45 more each month or $540 a year than opting for the higher $1,000 deductible. Since you would have to pay $900 more if you file a claim with a $1,000 deductible as compared to a $100 deductible, if you go at least 20 months between claims, you would most likely save money if you decide on a higher deductible.
The chart below illustrates how your deductible choice and can raise or lower Honda Insight annual premium costs for each different age category. The premium estimates are based on a single female driver, full physical damage coverage, and no additional discounts are factored in.
Difference between full coverage and liability only rates
The chart below shows the difference between Honda Insight premium costs with and without physical damage coverage, medical payments, and uninsured/under-insured motorist coverage. The data is based on no violations or accidents, $100 deductibles, drivers are not married, and no other discounts are factored in.
When to stop paying for full coverage
There isn’t a steadfast formula to exclude physical damage coverage on your policy, but there is a guideline you can use. If the annual cost of your full coverage insurance is 10% or more of any settlement you would receive from your insurance company, then it could be time to drop full coverage.
For example, let’s pretend your Honda Insight book value is $3,000 and you have $1,000 full coverage deductibles. If your vehicle is severely damaged, you would only receive $2,000 after paying your policy deductible. If you are paying more than $200 annually for comprehensive and collision coverage, then it could be time to drop full coverage.
There are some situations where only buying liability is not a good idea. If you still have a loan on your vehicle, you have to carry full coverage in order to satisfy the requirements of the loan. Also, if your finances do not allow you to purchase a different vehicle if your current one is totaled, you should not drop full coverage.
These discounts can lower your car insurance quotes
Properly insuring your vehicles can get expensive, but there may be some discounts to cut the cost considerably. Some trigger automatically when you quote, but lesser-known reductions have to be asked about before you will receive the discount.
- Early Payment Discounts – By making one initial payment instead of making monthly payments you may reduce your total bill.
- First Accident Forgiveness – This one isn’t a discount, but companies like Allstate, Progressive, and GEICO will let one accident slide before raising your premiums if you are claim-free for a specific time period.
- Early Renewal Discounts – A few insurance companies give discounts for buying a new policy early. It could save around 10% when you buy Oklahoma City car insurance online.
- Good Student Discount – Being a good student can be rewarded with saving of up to 25%. Most companies allow this discount until age 25.
- No Claim Discounts – Good drivers with no accidents get the best car insurance rates in comparison to bad drivers.
- Distant Student Discount – Children who attend college more than 100 miles from Oklahoma City and leave their car at home may be insured at a cheaper rate.
- Defensive Driver Discount – Passing a course that instructs on driving safety could save 5% or more depending on where you live.
- Discount for Multiple Policies – If you have multiple policies with the same insurance company you could earn a discount of at least 10% off all policies.
You can save money using discounts, but most credits do not apply to the whole policy. Most cut the cost of specific coverages such as physical damage coverage or medical payments. So even though you would think you can get free auto insurance, that’s just not realistic. But all discounts will bring down your overall premium however.
The example below illustrates the comparison of Honda Insight auto insurance rates with and without discounts applied to the policy rates. The rates are based on a male driver, no accidents or driving violations, Oklahoma state minimum liability limits, full physical damage coverage, and $1,000 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with marriage, homeowner, claim-free, safe-driver, multi-policy, and multi-car discounts applied.
Auto insurance companies that may have these benefits are:
Before you buy a policy, ask each company or agent how you can save money. Some discounts might not apply in Oklahoma City. To see a list of insurers who offer online Honda Insight insurance quotes in Oklahoma, click here.
You may require the services of a local insurance agent
Many people would rather talk to a local agent and that can be a smart move Licensed agents are highly skilled in risk management and give you someone to call. One of the best bonuses of comparing insurance prices online is the fact that you can find cheaper car insurance rates and still have an agent to talk to. Buying from neighborhood insurance agencies is important particularly in Oklahoma City.
To make it easy to find an agent, after completing this simple form, your insurance data is immediately sent to companies in Oklahoma City that can provide free Oklahoma City car insurance quotes for your insurance coverage. You don’t have to search for an agent because quoted prices will be sent immediately to you. If you want to get a rate quote from a particular provider, just navigate to their website and give them your coverage information.
Types of car insurance agents in Oklahoma City
If you want to buy insurance from a local agent, there are a couple of different types of agencies and how they function. Insurance policy providers can be categorized as either independent or exclusive depending on the company they work for. Either one can sell and service insurance coverage, but it’s important to know the subtle differences because it can impact the type of agent you choose.
Independent Insurance Agents
These type of agents are not limited to a single company so they can write business with an assortment of companies and possibly get better coverage at lower prices. If premiums increase, the agent simply finds a different carrier which requires no work on your part.
If you need lower rates, we recommend you get quotes from several independent insurance agents so that you can do a thorough price comparison. Most have the option of insuring with smaller companies which can save you money.
Featured below is a list of independent agents in Oklahoma City that may be able to provide price quote information.
- Multi Quote Insurance
2101 SW 71st St – Oklahoma City, OK 73159 – (405) 604-5999 – View Map - Shelton Agency
6401 NW Expressway # 100B – Oklahoma City, OK 73132 – (405) 384-1518 – View Map - Paul W. Meade Insurance Agency, Inc.
4220 N Classen Blvd – Oklahoma City, OK 73118 – (405) 524-1541 – View Map
Exclusive Insurance Agencies
Agents that choose to be exclusive write business for a single company like Farmers Insurance, American Family, State Farm and Allstate. Exclusive agents cannot provide other company’s prices so keep that in mind. They are very knowledgeable on their products and sales techniques which helps them sell insurance even at higher premiums. Consumers frequently buy from exclusive agents primarily because of high brand loyalty and the convenience of having a single billing for all their coverages.
Shown below is a short list of exclusive agents in Oklahoma City who can help you get comparison quotes.
- Tom Woodward – State Farm Insurance Agent
4401 W Memorial Rd #115 – Oklahoma City, OK 73134 – (405) 755-5958 – View Map - Shelter Insurance – Paul Michael
8320 S Western Ave – Oklahoma City, OK 73139 – (405) 632-2751 – View Map - State Farm: Vicky Richey Insurance Agency Inc
8601 S Walker Ave – Oklahoma City, OK 73139 – (405) 635-0677 – View Map
Finding the right insurance agent requires more thought than just the premium amount. The questions below may impact your decision as well.
- Will vehicle repairs be made with aftermarket parts or OEM replacement parts?
- How often do they review coverages?
- Do you need full coverage on every vehicle?
- Where are claims handled?
- Is the agency involved in supporting local community causes?
- How experienced are they in personal risk management?
What is the best auto insurance company in Oklahoma?
Ending up with a good quality insurance company can be challenging considering how many companies there are in Oklahoma. The company ratings in the next section can help you analyze which providers you want to consider comparing rates with.
Top 10 Oklahoma City Car Insurance Companies by A.M. Best Rank
- Travelers – A++
- USAA – A++
- GEICO – A++
- State Farm – A++
- Titan Insurance – A+
- Esurance – A+
- Progressive – A+
- The Hartford – A+
- Allstate – A+
- Nationwide – A+
Top 10 Oklahoma City Car Insurance Companies Ranked by Customer Service
- USAA
- Travelers
- Mercury Insurance
- AAA Insurance
- Nationwide
- Safeco Insurance
- Progressive
- State Farm
- The Hartford
- The General
Persistent drivers can save
As you quote Oklahoma City car insurance, you should never buy poor coverage just to save money. There have been many cases where someone dropped liability coverage limits and found out when filing a claim they didn’t have enough coverage. Your aim should be to get the best coverage possible at the best possible price while still protecting your assets.
Budget-conscious Honda Insight insurance is definitely available online in addition to local insurance agencies, and you should compare rates from both to have the best chance of lowering rates. There are still a few companies who may not offer online rate quotes and many times these regional insurance providers only sell coverage through independent agencies.
In this article, we covered some good ideas how you can compare Honda Insight insurance car insurance rates in Oklahoma City. The most important thing to understand is the more quotes you get, the better likelihood of getting cheaper Oklahoma City car insurance quotes. Drivers may even discover the most savings is with a small local company.
More tips and info about insurance can be found by following these links:
- Crash Avoidance Technologies FAQ (iihs.org)
- Who Has Cheap Auto Insurance for a Ford Escape in Oklahoma City? (FAQ)
- How Much are Auto Insurance Rates for a Jeep Grand Cherokee in Oklahoma City? (FAQ)
- Understanding your Policy (NAIC.org)
- Air Bags: Potential Dangers to Your Children (Insurance Information Institute)
- Cellphones, Texting and Driving (iihs.org)