For state and federal workers, one of the big factors that help determine insurance cost is your zip code in Oklahoma City. Larger areas tend to have more expensive auto insurance rates, whereas areas with less people or fewer weather incidents benefit from lower rates.
The following table rates the most expensive cities in Oklahoma for government employees to purchase a policy in. Oklahoma City is ranked #8 with an annual cost of $2,113 for the average insurance policy, which is around $176 per month.
| Rank | City | Annual Rate |
|---|---|---|
| 1 | Tulsa | $2,259 |
| 2 | Del City | $2,243 |
| 3 | Bixby | $2,235 |
| 4 | Sand Springs | $2,205 |
| 5 | Bethany | $2,135 |
| 6 | Broken Arrow | $2,130 |
| 7 | Midwest City | $2,119 |
| 8 | Oklahoma City | $2,113 |
| 9 | Sapulpa | $2,102 |
| 10 | Moore | $2,090 |
| 11 | Claremore | $2,069 |
| 12 | Owasso | $2,064 |
| 13 | Edmond | $2,042 |
| 14 | Norman | $2,033 |
| 15 | Yukon | $1,994 |
| 16 | Bartlesville | $1,981 |
| 17 | Shawnee | $1,968 |
| 18 | Muskogee | $1,943 |
| 19 | Ponca City | $1,918 |
| 20 | Stillwater | $1,911 |
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Premium costs are approximated as the vehicle garaging location can affect rates greatly.
The type of vehicle requiring coverage is one of the main factors that determines the availability of the lowest-priced insurance for government employees. Vehicles with lots of horsepower, poor crash test ratings, or high incidents of liability claims will cost significantly more to insure than more economical and safe models. The data below ranks coverage prices for a handful of the most economical automobiles to buy coverage for.
| Make and Model | Estimated Cost for Full Coverage |
|---|---|
| Toyota Camry LE | $1,259 |
| Honda Accord LX 4-Dr Sedan | $1,306 |
| Ford Escape XLS 4WD | $1,316 |
| Honda CR-V EX 2WD | $1,306 |
| Jeep Wrangler Unlimited Sport Islander Package 4WD 4-Dr | $1,312 |
| Hyundai Elantra GLS 4-Dr Sedan | $1,325 |
| Toyota Corolla S | $1,334 |
| Ford Fusion SE 4-Dr Sedan | $1,351 |
| Hyundai Sonata GLS 4-Dr Sedan | $1,353 |
| GMC Sierra 2500HD SLT Crew Cab 4WD | $1,416 |
| Ford Focus SE 2-Dr Coupe | $1,419 |
| Kia Optima SX | $1,445 |
| Jeep Grand Cherokee Laredo 4WD | $1,447 |
| Chevrolet Malibu LS | $1,455 |
| Toyota RAV4 Sport 2WD | $1,447 |
| Chevrolet Silverado LT Extended Cab 4WD | $1,457 |
| Toyota Prius | $1,452 |
| Dodge Ram Crew Cab Sport 4WD | $1,468 |
| Dodge Grand Caravan SE | $1,475 |
| Toyota Tacoma Double Cab 4WD | $1,473 |
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Data rating is based on single female driver age 30, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Oklahoma minimum liability limits. Discounts applied include homeowner, claim-free, multi-vehicle, multi-policy, and safe-driver. Rate information does not factor in garaging location in Oklahoma City, OK which can increase or decrease auto insurance rates greatly.
Looking at the rates, cars like the Toyota Camry, Honda Accord, Ford Escape, and Honda CR-V are most likely to be some of the most affordable vehicles to insure for state and federal workers.
Careless driving habits raise Oklahoma City auto insurance rates
A great way to score the best auto insurance rates in Oklahoma for state and federal workers is to drive safe and avoid traffic citations and accidents. The illustration below shows how traffic citations and fender-benders can influence annual premium costs for different insured age categories. The premium estimates are based on a single female driver, full physical damage coverage, $100 deductibles, and no additional discounts are factored in.
The data above shows the average cost of car insurance per year with no violations or accidents is $3,252. Add in one speeding ticket and the average cost increases to $3,687, an increase of $435 each year. Then throw in two accidents along with the one speeding ticket and the 12-month cost of auto insurance for government employees jumps again to an average of $7,374. That’s an increase of $4,122, or $344 per month, just for not driving attentively!
Should you buy full coverage?
Saving money on auto insurance should be important to the majority of people, and one great way to find cheaper insurance for government employees is to not buy comprehensive and collision coverage. The illustration below shows the comparison of yearly insurance costs with and without physical damage coverage. The costs are based on no violations or accidents, $250 deductibles, marital status is single, and no other discounts are factored in.
As an average for all age groups, full coverage costs an extra $2,597 per year more than insuring for liability only. At some point, every insured wonders if buying full coverage is worth the money. There is no definitive formula to stop paying for physical damage coverage on your policy, but there is a general guideline you can use. If the yearly cost of comp and collision coverage is about 10% or more of the replacement cost of your vehicle minus the policy deductible, then it may be the right time to buy liability only.
There are some situations where only buying liability is not advised. If you have an outstanding loan on your vehicle, you are required to maintain full coverage in order to satisfy the requirements of the loan. Also, if your emergency fund is not enough to purchase a different vehicle in the even your car is totaled, you should keep full coverage in place.
Are you paying too much for car insurance in Oklahoma City?
Oklahoma City auto insurance rates are based on many factors that control the price of your policy. Simply turning a year older, having a teen driver, or getting a few speeding tickets can produce rate changes that can make some companies cheaper than competitors.
Additionally, companies change rates at least once a year in order to maintain liquidity for claims. An extended period of higher than normal claims can result in increased rates, while better underwriting can produce lower-priced Oklahoma City car insurance rates.
To illustrate this point, the graph below compares the cheapest car insurance in Oklahoma City, OK for a 35-year-old male driver with a clean driving record, no accidents, and good financial standing. If we compare prices based on his current situation, USAA has the most affordable car insurance rates in Oklahoma City at $1,348 per year. This is $619 less than the average rate paid by Oklahoma drivers of $1,967. Oklahoma Farmers Union, The Hartford, Farmers, and GEICO round out the rest of the most affordable Oklahoma City, OK auto insurance companies.
Now let’s give the driver from the above example an at-fault accident, a lower credit rating, and an imperfect driving record. Because each company has a proprietary method for establishing rates, analyzing rate quotes could now result in a different set of affordable companies as shown below.
State Farm now has the best auto insurance rate in Oklahoma City, OK with Oklahoma Farmers Union, Travelers, Liberty Mutual, and Safe Auto completing the list. This example shows why it is so important to perform an extensive rate comparison to find affordable insurance quotes for government employees. Car insurance prices can be determined by many things and can increase or decrease at any time, so the lowest-price company the last time you shopped your coverage around may now be one of the higher cost companies.