Who Has Affordable Auto Insurance Rates for 17 Year Olds in Tulsa?

Establishing which insurers offer the best auto insurance rates for 17 year olds may require a little more work in order to find a policy that fits your budget.

Each auto insurer has their own formula for establishing rates, so to begin we’ll rank the auto insurance companies that tend to have lower prices in Oklahoma. It’s important to know that Oklahoma auto insurance rates are determined by lots of factors that can increase the cost of your policy. Simply getting older, having a teen driver, or having a fender bender can trigger changes in premium that can cause some rates to be cheaper in comparison to the competition.

Cheapest Insurance Rates for Teens

Start Your Free Quote

Oklahoma Farmers Union has some of the lowest car insurance rates in Tulsa at around $1,154 a year. USAA, The Hartford, GEICO, and Safe Auto also qualify as some of the most economical Tulsa, OK insurance companies.

As the rates illustrate above, if you are currently insured with Safe Auto and switched to USAA, you could realize a yearly price reduction of around $209. Oklahoma drivers with Farmers might save as much as $240 a year, and State Farm customers might lower prices by up to $325 a year.

To see if you’re overpaying, click here to start your free quote or feel free to get quotes from the companies below.

Bear in mind that those policy rates are averaged for all types of insureds and vehicles and do not factor in an exact location for 17 year olds. So the insurer that can offer you the best price may not even be in the top 17 companies in the list above. That is why you need to compare as many prices as possible using your own personalized driver profile and vehicle information.

The vehicle you are buying coverage for is one of the primary factors when shopping for low-priced coverage for 17 year olds. Vehicles with limited speed and performance, good safety features, or low incidents of liability claims will cost quite a bit less to insure than adrenaline junky models. The data below showcases car insurance prices for a selection of the most cost-effective automobiles to buy insurance for.

Above prices assume single female driver age 17, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Oklahoma minimum liability limits. Discounts applied include claim-free, and safe-driver. Price information does not factor in specific Tulsa, OK garaging location which can revise auto insurance rates substantially.

By looking at the data, we can infer that makes and models like the Hyundai Elantra, Ford Escape, and Honda CR-V are likely to be some of the most budget-friendly vehicles to insure for teen drivers. The price for an auto insurance policy will tend to be more expensive because there is more risk for 17 year olds, but generally speaking those vehicles will probably have the best rates compared to all other vehicles.

One of the more important components that are looked at to help calculate auto insurance rates is your address in Tulsa. Areas with more people or more claims tend to have higher auto insurance costs, whereas areas with lower crime rates and fewer weather claims get the luxury of paying less.

The table below rates the highest-priced areas in Oklahoma for 17 year olds in which to buy car insurance. Tulsa is ranked at #4 with an annual cost of $2,192 for the average insured, which is around $183 each month.

Rate quotes are comparative as the specific garaging location can influence price quotes considerably.

Cost comparison with and without full coverage

Reducing the cost of auto insurance is probably important to the majority of people, and an effective way to buy cheap insurance for 17 year olds is to buy only liability coverage. The information below compares auto insurance costs with full physical damage coverage compared to only buying the minimum liability limits required in Oklahoma. Data assumes no claims or driving violations, $500 deductibles, drivers are not married, and no additional discounts are factored in.

On average, comprehensive and collision coverage on your policy costs an additional $2,108 per year more than just buying liability only. Many drivers will wonder if you should buy full coverage. There is no exact rule to delete physical damage coverage on your policy, but there is a guideline you can consider. If the annual cost of having full coverage is 10% or more of the settlement you would receive from your company, then you might consider buying liability only.

For example, let’s pretend your vehicle’s claim settlement value is $10,000 and you have $1,000 full coverage deductibles. If your vehicle is totaled, the most your company will settle for is $9,000 after the policy deductible has been paid. If it’s costing you more than $900 annually for physical damage coverage, then it could be time to drop full coverage.

Illustration showing the impact of accidents and violations

The ideal way to obtain good auto insurance premiums for teen drivers is to drive attentively and avoid accidents and traffic violations. The chart below highlights how traffic violations and fender-benders raise auto insurance costs for different age groups of insureds. The costs are based on a married male driver, comp and collision included, $500 deductibles, and no discounts are applied to the premium.

The data in the chart shows the average cost of an auto insurance policy in Tulsa per year with no violations or accidents is $1,796. Receive one speeding ticket and the average cost surges to $2,065, an increase of $269 each year. Now add two accidents along with the one speeding ticket and the annual cost of auto insurance for 17 year olds goes up to an average of $4,483. That’s an increase of $2,687, or $224 per month, just for not paying attention while driving!

Auto insurance company ratings

Choosing the highest-rated car insurance provider is difficult considering how many different companies sell coverage in Oklahoma. The rank data shown below can help you analyze which auto insurers to look at shopping prices with. The rankings below are only comprised of the largest companies in America, so companies with more of a regional focus are not factored into these rankings.

How to find economical insurance for 17 year olds

Lowering your rates is not difficult, and here are some of the better money-saving ideas that can help you locate cheap coverage.

• Clean up your credit rating
• If possible, pay for small claims out-of-pocket
• At-fault accidents will increase rates
• Raise your physical damage coverage deductibles
• Insure your home and auto with the same company
• You will pay more if you get tickets or have at-fault accidents
• Compare rate quotes often

The last item on the list is extremely necessary, as was pointed out in this write-up. Auto insurance prices in Tulsa fluctuate considerably, so don’t hesitate to buy a policy from a new company if a cheaper rate is available.

Having a favorite company is great, but it’s not a great idea if that dedication is costing a lot of money. If you have a few minutes, now is a great time to compare rates to find cheaper car insurance for 17 year olds.

If you aren’t sure which coverage you need and prefer to have the advice of a professional agent when shopping around for cheaper insurance for teen drivers, the insurance agencies listed below are a good start to help you make a decision which auto insurance coverages would be the best in your situation. To find a Tulsa insurance agent by location nearest to you, click the button below the list.

View more Tulsa, OK insurance agencies