Ideally, we could tell you the company that has the best deal on coverage in Oklahoma. It’s not that easy, however, as there are a ton of unknown factors like if you are married or single, if you have a lapse in coverage, and what physical damage coverage deductibles you want, that all help calculate your car insurance rates. This article goes into detail about the best ways to maintain low rates and will hopefully give the reader some help in finding cheaper rates.
One of the more important things that are looked at to help calculate the price you pay for insurance is where your residence is in Tulsa. Regions with larger populations or more claims will most likely have higher rates, whereas more rural areas have the benefit of cheaper car insurance.
The following table shows the most expensive cities in Oklahoma for unemployed drivers in which to purchase auto insurance. Tulsa is listed at #4 costing $2,192 for car insurance, which is around $183 monthly.
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Prices are estimated as the garaging address in Tulsa can raise or lower price quotes noticeably.
The vehicle to be insured is a significant factor that determines whether or not you can buy the most affordable coverage for unemployed drivers. Vehicles with economical engines, a great safety record, or a low likelihood of having liability claims will cost quite a bit less to insure than fast, unsafe models. The data below presents insurance rates for a selection of the most budget-friendly automobiles to insure.
|Vehicle Insured||Estimated Cost for Full Coverage|
|Ford F-150 STX Super Cab 4WD||$1,368|
|Honda CR-V EX 4WD||$1,403|
|Chevrolet Silverado LS Extended Cab 4WD||$1,415|
|Dodge Grand Caravan SXT||$1,443|
|Ford Escape XLS 4WD||$1,468|
|Hyundai Elantra SE 4-Dr Sedan||$1,487|
|Nissan Altima 2.5 S 4-Dr Sedan||$1,494|
|Volkswagen Jetta SE 4-Dr Sedan||$1,515|
|Toyota Tacoma 4WD||$1,540|
|Ford Fusion SEL AWD 4-Dr Sedan||$1,617|
|Honda Accord EX-L 2-Dr Coupe||$1,619|
|GMC Sierra 2500HD SLE Regular Cab 2WD||$1,624|
|Toyota Camry Hybrid||$1,619|
|GMC Sierra SLE Crew Cab 2WD||$1,624|
|Toyota RAV4 Limited 4WD||$1,632|
|Jeep Grand Cherokee Laredo 4WD||$1,624|
|Chevrolet Impala LT||$1,634|
|Ford Explorer XLT 2WD||$1,646|
|Dodge Ram 3500 Crew Cab Laramie 2WD||$1,654|
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Data rating is based on single female driver age 50, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Oklahoma minimum liability limits. Discounts applied include multi-policy, claim-free, multi-vehicle, safe-driver, and homeowner. Premium amounts do not factor in the specific area where the vehicle is garaged which can affect premiums substantially.
Looking at the numbers, you can see that vehicles like the Toyota Prius, Ford F-150, Honda CR-V, Chevrolet Silverado, and Dodge Grand Caravan are most likely going to be a few of the less-costly vehicles to insure for the unemployed.
Cost difference between full coverage and liability
Reducing the cost of car insurance is probably important to most people, and one of the easiest ways to pay less for insurance for unemployed drivers is to not buy full coverage. The information below compares yearly insurance costs when comparing full coverage to liability only. The premiums assume no tickets, no at-fault accidents, $1,000 deductibles, marital status is single, and no policy discounts are applied.
If the expense is averaged for all age categories, physical damage coverage on your policy costs an extra $2,538 per year more than buying just liability insurance. At some point, almost every driver questions if paying for full coverage is worth it. There is no written rule to stop buying physical damage insurance, but there is a general guideline you can use. If the annual cost of your full coverage insurance is 10% or more of any settlement you would receive from your insurance company, then it might be time to buy liability only.
For example, let’s say your vehicle’s book value is $7,000 and you have $1,000 deductibles. If your vehicle is totaled, you would only receive $6,000 after paying the physical damage deductible. If you are currently paying more than $600 annually for your policy with full coverage, then it might be time to consider dropping full coverage.
Poor driving habits will raise your car insurance rates
The obvious way to enjoy the best car insurance prices in Oklahoma for the unemployed is to pay attention while driving and avoid at-fault accidents and violations. The illustration below illustrates how speeding tickets and accident claims impact insurance premiums for each age group. The premium estimates are based on a single female driver, comprehensive and collision coverage, $250 deductibles, and no policy discounts are applied.
In the example above, the average cost of car insurance in Tulsa per year with no violations or accidents is $2,231. Factor in one speeding ticket and the average cost increases to $2,530, an increase of $298 each year. Now get one accident along with the one speeding ticket and the annual cost of car insurance for unemployed drivers goes up to an average of $3,361. That’s an increase of $1,129, or $94 per month, just for not driving attentively!
How to find low-cost car insurance for unemployed drivers
Below you’ll find some of the better penny-pinching solutions that can help Tulsa drivers get low-cost coverage.
- Choose a safer vehicle and pay lower rates
- Do not pay for comprehensive and collision coverage on older vehicles
- Avoid at-fault accidents and claims
- Home or renters coverage can save on auto insurance
- Good credit can mean cheaper rates
- Compare rates often to find the best deal
The last suggestion is extremely important, as was pointed out in the article above. Prices charged by car insurance companies in Tulsa go up and down frequently, so you should be ready to buy a different policy if you find a better deal.
Being loyal to a particular company is commendable, but it’s not recommended if that dedication is costing potentially thousands of dollars a year. Spend a few minutes and shop around to find cheaper insurance for unemployed drivers.
The insurance agencies listed below can provide answers to your questions and help you determine which auto insurance policy fits you best, as some people prefer to have professional advice when comparing insurance rates for unemployed drivers. It can be hard to find the best policy yourself, and a licensed agent can add comfort knowing your coverage gives you adequate protection in the event of a claim.
To find an agent closest to you, click the button below the list or click here to compare prices now.
Jonathan Gibson – State Farm Insurance Agent
205 E Pine St #102 – Tulsa, OK 74106 – (918) 382-5717
Bracken Insurance Agency
9717 E 42nd St, Suite 105 – Tulsa, OK 74146 – (918) 744-4440
Beverly Young – State Farm Insurance Agent
7112 S Mingo Rd #102b – Tulsa, OK 74133 – (918) 250-1550
Mark Fugett – State Farm Insurance Agent
4949 S Mingo Rd – Tulsa, OK 74146 – (918) 628-1900