Establishing which companies have the most affordable auto insurance rates for veterans calls for more work than just picking a company at random. Every insurance company used slightly different criteria for establishing rates, so we need to take a look at the auto insurance companies with the overall cheapest rates in Oklahoma City, OK.
Find the Best Cheap Insurance for Vets
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | USAA | $1,150 |
| 2 | Oklahoma Farmers Union | $1,202 |
| 3 | GEICO | $1,353 |
| 4 | The Hartford | $1,373 |
| 5 | Farmers | $1,380 |
| 6 | Safe Auto | $1,419 |
| 7 | State Farm | $1,568 |
| 8 | Liberty Mutual | $1,797 |
| 9 | Travelers | $1,925 |
| 10 | Mercury | $1,973 |
| 11 | OK Farm Bureau | $2,079 |
| 12 | Shelter | $2,194 |
| 13 | MetLife | $2,213 |
| 14 | Home State | $2,214 |
| 15 | Progressive | $2,245 |
| 16 | Allstate | $2,400 |
| 17 | Safeco | $5,056 |
| Compare Rates Now Go | ||
USAA quotes 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, The Hartford, and Farmers also rank well as some of the more affordable Oklahoma City, OK auto insurance companies.
In the above example, if you currently have coverage with The Hartford and switched to Oklahoma Farmers Union, you could earn savings of in the vicinity of $171. Drivers with Farmers may save as much as $178 a year, and Safe Auto policyholders might lower prices by $217 a year.
Be aware that those policy rates are averages across all types of insureds and vehicles and and are not calculated with an exact vehicle garaging location for veterans. So the insurer that can offer the best rates for your situation may not even be in the top 17 companies in the list above. That is why you need to get rate quotes from many companies using your own specific driver and vehicle information.
The make and model of vehicle you are insuring is one of the biggest factors that determines the availability of the lowest-priced coverage for veterans. Vehicles with average performance, a great safety record, or a positive history of liability claims will cost quite a bit less to insure than fast, unsafe models.
The data below estimates coverage costs for a handful of the most economical automobiles to insure.
| Vehicle Insured | Estimated Cost for Full Coverage |
|---|---|
| Ford Escape XLT 4WD | $1,157 |
| Ford Explorer XLT 2WD | $1,271 |
| Volkswagen Jetta 2.0T Station Wagon | $1,324 |
| Jeep Grand Cherokee Laredo 4WD | $1,341 |
| Jeep Wrangler Sport 4WD 2-Dr | $1,348 |
| Honda CR-V EX 2WD | $1,389 |
| Hyundai Elantra SE Touring Station Wagon | $1,409 |
| Honda Odyssey EX-L W/Rear Entertainment | $1,411 |
| Toyota Tacoma X-Runner 2WD | $1,420 |
| Ford Edge SE 2WD | $1,431 |
| Toyota Prius | $1,435 |
| Toyota Corolla XRS | $1,438 |
| Chevrolet Malibu LTZ | $1,443 |
| GMC Sierra SL Crew Cab 2WD | $1,438 |
| Toyota Camry Hybrid | $1,534 |
| Toyota Camry LE | $1,539 |
| Dodge Ram Crew Cab Sport 2WD | $1,559 |
| Ford F-150 FX4 4WD | $1,566 |
| Chevrolet Impala LTZ | $1,619 |
| Ford Fusion Sport 4-Dr Sedan | $1,646 |
| Toyota RAV4 4WD | $1,656 |
| GMC Sierra 2500HD SLE Crew Cab 4WD | $1,646 |
| Dodge Grand Caravan Hero | $1,651 |
| Compare Rates Now Go | |
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 safe-driver, multi-vehicle, homeowner, claim-free, and multi-policy. Price information does not factor in vehicle location which can raise or lower price quotes noticeably.
Looking at the numbers, you can figure that makes and models like the Ford Escape, Ford Explorer, and Volkswagen Jetta are most likely going to be a few of the cheapest vehicles to insure for veterans.
For veterans, one of the big components that aid in calculating the annual cost of car insurance is where you live. Larger areas will most likely have higher rates, whereas areas with lower vehicle theft rates and fewer weather claims tend to receive cheaper rates.
The illustration below rates the most expensive areas in Oklahoma for veterans to purchase car insurance in. Oklahoma City is ranked #7 costing $2,134 on average, which is about $178 monthly.
| Rank | City | Premium Per Year |
|---|---|---|
| 1 | Tulsa | $2,259 |
| 2 | Del City | $2,243 |
| 3 | Bixby | $2,169 |
| 4 | Midwest City | $2,140 |
| 5 | Sand Springs | $2,139 |
| 6 | Bethany | $2,135 |
| 7 | Oklahoma City | $2,134 |
| 8 | Moore | $2,132 |
| 9 | Broken Arrow | $2,130 |
| 10 | Sapulpa | $2,102 |
| 11 | Owasso | $2,064 |
| 12 | Yukon | $2,055 |
| 13 | Edmond | $2,042 |
| 14 | Norman | $2,033 |
| 15 | Bartlesville | $2,000 |
| 16 | Claremore | $1,987 |
| 17 | Stillwater | $1,970 |
| 18 | Shawnee | $1,968 |
| 19 | Ardmore | $1,955 |
| 20 | Lawton | $1,941 |
| 21 | Ponca City | $1,918 |
| 22 | Enid | $1,904 |
| 23 | Altus | $1,894 |
| 24 | Muskogee | $1,886 |
| 25 | Duncan | $1,866 |
| Compare Prices Now Go | ||
Information shown are approximated as vehicle location can alter premium rates substantially.
How to get discounts on Oklahoma City auto insurance rates
Car insurance companies that provide policies for veterans may have policy discounts that could lower prices by 25% or more if you meet specific criteria. A few popular companies and the discounts they provide are included below.
- GEICO may include discounts for emergency military deployment, five-year accident-free, military active duty, seat belt use, daytime running lights, and membership and employees.
- Travelers includes discounts for IntelliDrive, home ownership, continuous insurance, student away at school, driver training, and multi-policy.
- Farm Bureau offers discounts including good student, multi-policy, safe driver, renewal discount, youthful driver, multi-vehicle, and 55 and retired.
- Liberty Mutual offers premium reductions for teen driver discount, safety features, preferred payment discount, newly married, new move discount, newly retired, and hybrid vehicle.
- American Family has savings for TimeAway discount, bundled insurance, mySafetyValet, Steer into Savings, defensive driver, accident-free, and good student.
- Progressive has discounts for homeowner, online signing, multi-policy, continuous coverage, good student, multi-vehicle, and online quote discount.
The illustration below shows the comparison of insurance premiums with and without some available policy discounts. The price estimates are based on a female driver, no violations or claims, Oklahoma state minimum liability limits, full coverage, and $100 deductibles. The first bar for each age group shows the average annual price with no discounts. The second shows the rates with multiple policy, defensive driving course, vehicle safety, multiple vehicle, accident-free, and marriage discounts applied. When drivers qualify for the discounts, the average amount saved each year on auto insurance for veterans is 28% or $745.
Do you need full coverage?
Saving money when shopping for auto insurance is the goal of the majority of people, and one good way to save on the cost of insurance for veterans is to only buy liability coverage. The diagram below visualizes the comparison of auto insurance rates when comparing full coverage to liability only. The rate quotes are based on no claims, a clean driving record, $100 deductibles, drivers are not married, and no additional discounts are factored in.
If the expense is averaged for all age categories, full coverage on your policy costs $3,436 per year more than insuring for liability only. That amount may make you wonder when is it safe to stop buying full coverage. There is no exact rule to delete physical damage coverage, 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 you might want to consider buying only liability coverage.
There are some cases where only buying liability is not financially feasible. If you still owe money on your vehicle, you have to carry full coverage in order to keep the loan. Also, if you cannot afford to purchase a different vehicle in the even your car is totaled, you should not eliminate full coverage.
Choosing the highest-rated insurance company can be a challenge considering how many choices there are in Oklahoma City. The information displayed below could help you decide which auto insurance companies to look at when shopping your coverage around. The rankings below are only comprised of companies who write in the majority of U.S. states, so companies that have a smaller presence are not taken into consideration for these rankings.
Top 10 Major Auto Insurance Providers in Oklahoma City Ranked by Value
- Mercury Insurance
- Travelers
- American Family
- Safeco Insurance
- AAA Insurance
- The Hartford
- Progressive
- 21st Century
- The General
- Esurance
Top 10 Major Auto Insurance Providers Overall in Oklahoma City
- Travelers
- USAA
- Mercury Insurance
- AAA Insurance
- Nationwide
- Allstate
- State Farm
- The Hartford
- Safeco Insurance
- Progressive
The agents listed below can most likely help you determine which insurance coverage will be best for you, as some drivers have questions and prefer to have a little guidance when shopping for the best coverage for veterans. It can be difficult to find the cheapest car insurance policy, so getting professional guidance from a licensed agent can add comfort knowing your policy gives you enough protection.
To find an Oklahoma City insurance agency by location nearest to you, click the button link following the list or click here to compare price quotes now.
- Knight’s Insurance Agency
3825 NW 23rd St – Oklahoma City, OK 73107 – (405) 946-0111 - State Auto Insurance Agency Inc
4717 S Western Ave – Oklahoma City, OK 73109 – (405) 631-5575 - Centennial Insurance Group, Inc.
2814 W Britton Rd – Oklahoma City, OK 73120 – (405) 286-4179 - Lynnae Insurance Group
5119 N Western Ave – Oklahoma City, OK 73118 – (405) 217-8851 - Freeland Insurance, LLC
6017 Shiloh Dr – Oklahoma City, OK 73179 – (405) 692-6106