For high risk drivers, one of the more important criteria that are looked at to help calculate the amount you pay for auto insurance is your address in Tulsa. Larger areas tend to pay slightly more, whereas areas with less people or fewer weather incidents tend to receive slightly lower rates.
The information below ranks the most expensive areas in Oklahoma for drivers requiring a SR22 to purchase car insurance in. Tulsa makes the list at #5 with an annual premium of $2,192 for the average insurance policy, which is around $183 each month.
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Table data uses approximated as vehicle location can revise price quotes greatly.
Determining which company offers the cheapest auto insurance rates for drivers requiring a SR22 may require a bit more effort in order to find coverage that fits your budget. Every insurance company uses their own calculation for determining rates in each state, so let’s take a look at the auto insurance companies with the overall best prices in Tulsa.
It’s a good idea to know that Tulsa auto insurance rates are based on many factors which can significantly increase or decrease the cost of your policy. Simply turning a year older, having a teen driver, or getting a DUI can trigger price changes that can cause some rates to be more affordable than before.
Best Car Insurance Prices for SR22 Drivers
|Rank||Company||Cost Per Year|
|1||Oklahoma Farmers Union||$1,154|
|11||OK Farm Bureau||$2,058|
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Oklahoma Farmers Union quotes some of the lowest car insurance rates in Tulsa at around $1,154 per year. This is $813 less than the average premium paid by Oklahoma drivers of $1,967. USAA, The Hartford, Safe Auto, and Farmers also make the cut as some of the more affordable Tulsa, OK car insurance companies.
In the above example, if you are currently insured with The Hartford and switched to Oklahoma Farmers Union, you may realize annual savings of in the neighborhood of $179. Drivers with Safe Auto could save as much as $223 a year, and Farmers customers might cut rates by $226 a year.
Bear in mind that those policy rates are averages for all drivers and vehicles and do not factor in an exact zip code location for drivers requiring a SR22. So the auto insurance company that can offer the best rates for your situation may not even be in the top 17 companies shown above. That helps illustrate why you need to quote rates from many companies using your own driver information and specific vehicle type.
The make and model of vehicle to be insured is a large consideration when comparing low-priced car insurance for drivers requiring a SR22. Vehicles with economical engines, good safety features, or low incidents of liability claims will cost significantly less to insure than fast, unsafe models.
The table below outlines insurance costs for a handful of the most budget-friendly automobiles to insure.
|Insured Vehicle||Estimated Cost for Full Coverage|
|Ford Escape XLS 2WD||$4,113|
|Honda CR-V EX-L 4WD||$4,290|
|Dodge Grand Caravan SE||$4,789|
|Ford Explorer XLT 4WD||$4,852|
|Ford Fusion S 4-Dr Sedan||$4,872|
|Toyota RAV4 Limited 4WD||$4,882|
|Ford F-150 XL Crew Cab 4WD||$4,908|
|Ford Focus S 4-Dr Sedan||$4,971|
|Volkswagen Jetta S 4-Dr Sedan||$5,022|
|Toyota Camry LE||$5,029|
|Toyota Tacoma Double Cab TRD Sport Package 4WD||$5,126|
|Chevrolet Equinox LTZ AWD||$5,141|
|Toyota Corolla XRS||$5,147|
|Hyundai Elantra Blue 4-Dr Sedan||$5,235|
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Data variables include single male driver age 50, two speeding tickets, two at-fault accidents, $1,000 deductibles, and Oklahoma minimum liability limits. Discounts applied include homeowner, multi-vehicle, and multi-policy. Rates do not factor in vehicle location which can raise or lower rates greatly.
Based upon the table data, you can assume that makes and models like the Ford Escape, Honda CR-V, Toyota Prius, Dodge Grand Caravan, and Ford Explorer are going to be a few of the most affordable vehicles to insure for high risk drivers. The price of auto insurance will trend higher because of the fact that there is more liability risk for drivers requiring a SR22, but overall those makes and models will tend to have the lowest insurance prices possible.
How careless driving impacts auto insurance rates
The obvious way to snag the cheapest auto insurance premiums for high risk drivers is to drive carefully and avoid traffic citations and accidents. The information below shows how speeding tickets and accidents can impact insurance costs for different categories of driver ages. The rates are based on a married male driver, comprehensive and collision coverage, $1,000 deductibles, and no policy discounts are applied.
The data charted above shows the average cost of an auto insurance policy per year with no accidents or violations is $1,729. Add in two speeding tickets and the average cost jumps to $2,379, an increase of $650 each year. Now get two accidents along with the two speeding tickets and the 12-month cost of auto insurance for drivers requiring a SR22 goes up to an average of $4,983. That’s an increase of $3,254, or $271 per month, just for not driving carefully!
The diagram below shows how different deductible levels can increase or decrease annual premium costs when searching for cheap insurance for drivers requiring a SR22. The price estimates are based on a single female driver, full coverage, and no other discounts are factored in.
As shown above, a 30-year-old driver could lower rates by $486 a year by changing their physical damage coverage from a $100 deductible to a $500 deductible, or save $734 by choosing a $1,000 deductible. Young drivers, such as the Age 20 example, could shave up to $1,082 each year by using a higher deductible.
When increasing deductibles, it is necessary to have plenty of discretionary funds to be able to cover the extra out-of-pocket expense. That is the one disadvantage of using higher deductibles.
Your low-price policy may be costing you money
Tulsa auto insurance rates are influenced by many factors that control the price you pay for coverage. Simply having a birthday, getting married, or getting caught speeding may cause policy rate changes that may make certain companies much cheaper than others. In addition, companies amend pricing every year to adjust for heavy claims or excess profits. Unexpectedly high claims can cause a rate increase, while a better claims history can result in lower-priced Tulsa car insurance rates.
To illustrate this point, the graph below compares the cheapest car insurance in Tulsa, OK for a 40-year-old female driver with a good driving record, no prior claims, and a good credit rating. If we compare prices based on her current risk factors, USAA quotes the best car insurance rates in Tulsa at $1,392 each year. This is $575 less than the average premium paid by Oklahoma drivers of $1,967. Oklahoma Farmers Union, The Hartford, Farmers, and GEICO also make the list of the cheapest Tulsa, OK auto insurance companies.
In the next rate comparison, we’ll give the driver in the first example a claim or two, less-than-perfect credit, and a speeding citation. Because each company has their own guidelines for setting prices, comparing insurance quotes could result in a significantly different list of affordable Tulsa car insurance companies as shown below.
State Farm now has the best price in Tulsa with Oklahoma Farmers Union, Liberty Mutual, Farmers, and GEICO completing the list. This shows why it is critical to compare many different companies when trying to get the cheapest auto insurance rates for drivers requiring a SR22. Car insurance prices can be altered by many risk factors and change substantially, so the most economical option two years ago may now be one of the more expensive options.
The agencies below are willing to aid you in deciding which coverages are best, as lots of people like to get some guidance when comparing insurance rates for high risk drivers. It’s not always simple to find the best coverage yourself, so getting professional guidance from a licensed agent can add peace of mind knowing your policy gives you suitable coverage if you ever need to use it. To locate a Tulsa auto insurance agent closest to you, click the button at the bottom of the list or click here to compare rates now.
Clarence Zitterkob – State Farm Insurance Agent
7820 E 101st St – Tulsa, OK 74133 – (918) 369-2000
Jake Phillip – State Farm Insurance Agent
5113 S Peoria Ave – Tulsa, OK 74105 – (918) 743-5501
All American Insurance Agency
6145 E 21st St – Tulsa, OK 74114 – (918) 832-8823
Gail Boyce – State Farm Insurance Agent
6149 S Peoria Ave – Tulsa, OK 74136 – (918) 747-6866
Allstate Insurance: Jim Boese
10396 E 21st St – Tulsa, OK 74129 – (918) 665-2424
Tips for finding cheaper auto insurance for drivers requiring a SR22
It is possible to find better rates, and here are some of the recommended penny-pinching solutions that can help drivers buy more affordable auto insurance.
- Improve your credit rating
- Avoid getting citations and tickets
- Remain accident-free and save
- Raise physical damage deductibles
- The safer your car, the less it costs to insure
- Comparison shop at least once a year
The last tip is especially critical, as we stressed in the prior article. Prices charged by car insurance companies adjust often, so don’t be unwilling to change insurance companies if a lower price can be found. Staying with the same company for years is fine, but it’s not a great idea if that loyalty results in overpaying hundreds of dollars year after year. In less than five minutes you could shop around to find cheaper auto insurance for drivers requiring a SR22 in Tulsa.