The best way we recommend to find more affordable auto insurance rates is to do a yearly price comparison from insurers who can sell car insurance in Oklahoma City. You can compare rates by following these guidelines.
- Get an understanding of car insurance and the modifications you can make to drop your rates. Many policy risk factors that are responsible for high rates such as accidents, careless driving, and poor credit history can be amended by making lifestyle changes or driving safer. Keep reading for instructions to find cheap prices and get bigger discounts that may have been overlooked.
- Quote rates from exclusive agents, independent agents, and direct providers. Exclusive and direct companies can give quotes from a single company like GEICO or Farmers Insurance, while independent agents can provide price quotes from multiple sources. View a list of agents
- Compare the new quotes to the premium of your current policy to determine if switching companies saves money. If you can save some money, make sure there is no lapse between the expiration of your current policy and the new one.
- Provide notification to your current company of your decision to cancel your existing policy and submit payment along with a signed and completed policy application for your new coverage. Once coverage is bound, put the certificate verifying proof of insurance in an accessible location in your vehicle.
A tip to remember is to try to compare identical coverages on every quote request and and to get quotes from as many companies as feasibly possible. Doing this ensures an apples-to-apples comparison and the best price selection.
Sadly, nearly 70% of customers kept their policy with the same company for over three years, and nearly the majority have never compared rates to find lower-cost insurance. The average driver in America can save up to $860 each year just by comparing rates, but they just assume it’s a time-consuming process to go online and compare rates.
If you currently have a car insurance policy, you will definitely be able to find the best rates using the concepts you’re about to learn. This article will help educate you on the best methods to compare rates and how to save the most money. But Oklahoma vehicle owners need to learn the methods companies use to market insurance on the web because rates are impacted by many factors.
The quickest method to compare insurance rates from multiple companies is to take advantage of the fact most larger insurance companies actually pay money for the chance to compare rate quotes. The one thing you need to do is give the companies some data including whether you drive to work or school, if you have an active license, which vehicles you own, and whether you are married. Your information is instantly sent to multiple companies and they return rate quotes within a short period of time.
To get price quotes for your Scion xD now, click here and find out if lower rates are available in Oklahoma City.
The companies shown below have been selected to offer quotes in Oklahoma City, OK. If multiple providers are shown, it’s a good idea that you visit two to three different companies to get a more complete price comparison.
Scion xD detailed coverage information
The information displayed next covers detailed analysis of insurance policy prices for Scion xD models. Having a good grasp of how insurance prices are determined can benefit drivers when making informed coverage decisions.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| XD 4-Dr Hatchback | $240 | $542 | $542 | $32 | $162 | $1,518 | $127 |
| Get Your Own Custom Quote Go | |||||||
Data assumes single male driver age 40, no speeding tickets, no at-fault accidents, $500 deductibles, and Oklahoma minimum liability limits. Discounts applied include multi-policy, safe-driver, multi-vehicle, claim-free, and homeowner. Rate information does not factor in specific location information which can impact price quotes considerably.
Auto insurance does more than just repair your car
Despite the high insurance cost for a Scion xD in Oklahoma City, paying for auto insurance is required by state law in Oklahoma and it also provides benefits you may not be aware of.
First, most states have minimum liability requirements which means you are required to carry a specific minimum amount of liability in order to be legal. 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.
Second, if you have a loan on your Scion xD, almost every bank will stipulate that you have comprehensive coverage to guarantee loan repayment. If you default on your policy, the lender may have to buy a policy to insure your Scion at a much higher rate and require you to reimburse them the higher price.
Third, insurance protects not only your Scion xD but also your assets. Insurance will pay for many types of medical costs incurred in an accident. Liability coverage, the one required by state law, will also pay to defend you if you are sued as the result of your driving. If your Scion gets damaged, comprehensive and collision coverage will pay to restore your vehicle to like-new condition.
The benefits of carrying enough insurance outweigh the cost, particularly if you ever have a claim. The average driver in Oklahoma overpays as much as $855 a year so you should quote and compare rates once a year at a minimum to help ensure money is not being wasted.
What is the best insurance coverage?
When selecting your policy, there really is not a single plan that fits everyone. Your needs are not the same as everyone else’s and your insurance should unique, too.
For instance, these questions may help highlight if your insurance needs would benefit from an agent’s advice.
- Will my insurance pay for OEM parts?
- Can I afford low physical damage deductibles?
- Do I pay less if my vehicle is kept in my garage?
- When do I need to add a new car to my policy?
- I have a DUI can I still get coverage?
- How many claims can I have before being canceled?
- Are there companies who specialize in insuring high-risk drivers?
If it’s difficult to answer those questions but you think they might apply to your situation, then you may want to think about talking to a licensed agent. If you want to speak to an agent in your area, fill out this quick form or you can also visit this page to select a carrier
Insurance specifics
Learning about specific coverages of your policy can be of help when determining the best coverages and the correct deductibles and limits. The terms used in a policy can be difficult to understand and nobody wants to actually read their policy. Below you’ll find the normal coverages found on most insurance policies.
Medical expense coverage
Medical payments and Personal Injury Protection insurance provide coverage for expenses for things like EMT expenses, nursing services and X-ray expenses. They can be utilized in addition to your health insurance policy or if there is no health insurance coverage. Coverage applies to both the driver and occupants as well as any family member struck as a pedestrian. Personal Injury Protection is only offered in select states and gives slightly broader coverage than med pay
Liability coverages
This coverage protects you from injuries or damage you cause to other’s property or people by causing an accident. This insurance protects YOU against other people’s claims, and doesn’t cover damage sustained by your vehicle in an accident.
Coverage consists of three different limits, bodily injury per person, bodily injury per accident and property damage. You might see values of 25/50/25 that means you have $25,000 bodily injury coverage, a limit of $50,000 in injury protection per accident, and a total limit of $25,000 for damage to vehicles and property.
Liability insurance covers things such as attorney fees, structural damage and medical services. How much liability should you purchase? That is a personal decision, but buy as large an amount as possible. Oklahoma requires drivers to carry at least 25/50/25 but it’s recommended drivers buy higher limits.
The illustration below demonstrates why buying minimum limits may not be high enough to adequately cover claims.
Auto collision coverage
This coverage covers damage to your xD resulting from a collision with a stationary object or other vehicle. You will need to pay your deductible then your collision coverage will kick in.
Collision can pay for claims such as colliding with another moving vehicle, sideswiping another vehicle and scraping a guard rail. Collision is rather expensive coverage, so consider dropping it from vehicles that are 8 years or older. You can also raise the deductible on your xD in order to get cheaper collision rates.
Comprehensive protection
Comprehensive insurance covers damage caused by mother nature, theft, vandalism and other events. A deductible will apply then your comprehensive coverage will pay.
Comprehensive can pay for things such as theft, hitting a deer, rock chips in glass, hitting a bird and damage from a tornado or hurricane. The highest amount your insurance company will pay is the market value of your vehicle, so if it’s not worth much more than your deductible consider removing comprehensive coverage.
Uninsured or underinsured coverage
Your UM/UIM coverage gives you protection when other motorists are uninsured or don’t have enough coverage. Covered losses include hospital bills for your injuries as well as your vehicle’s damage.
Because many people have only the minimum liability required by law (25/50/25), their liability coverage can quickly be exhausted. For this reason, having high UM/UIM coverages is important protection for you and your family.
Best car insurance company in Oklahoma
Insuring your vehicle with a good quality auto insurance company can be challenging considering how many companies there are in Oklahoma. The company information shown below can help you pick which providers to look at when comparing rate quotes.
Top 10 Oklahoma City Car Insurance Companies Overall
- Travelers
- USAA
- Mercury Insurance
- AAA Insurance
- Nationwide
- Allstate
- State Farm
- The Hartford
- Safeco Insurance
- Progressive
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
You can find cheap coverage
Throughout this article, we presented quite a bit of information on how to save on Scion xD insurance in Oklahoma City. The most important thing to understand is the more providers you compare, the better your chances of lowering your rates. Consumers could even find that the best prices are with the smaller companies. Smaller companies may have significantly lower rates on certain market segments compared to the large companies like Allstate, GEICO and Progressive.
As you go through the steps to switch your coverage, never skimp on critical coverages to save a buck or two. There have been many situations where an insured cut liability coverage limits and discovered at claim time that the savings was not a smart move. Your strategy should be to find the BEST coverage at the best possible price but still have enough coverage for asset protection.
Other articles
- What Does No-Fault Insurance Cover? (Allstate)
- How Much are Auto Insurance Quotes for a Toyota Highlander in Oklahoma City? (FAQ)
- Car Insurance for Teen Drivers with Divorced Parents (Allstate)
- Property Damage Coverage (Liberty Mutual)
- Drunk Driving Statistics (Insurance Information Institute)
- Determining Your Vehicle’s Value and Repair Cost (Insurance Information Institute)