In a perfect world, we could tell you the company that has the most affordable insurance in Oklahoma. It’s not that simple, unfortunately, as there are a ton of unknown aspects like tickets or driving violations, how old you are, the crash test ratings of your vehicle, and if you have maintained coverage continuously, that all influence how much you pay for auto insurance. This article will cover the different scenarios that increase car insurance cost and will hopefully give you a good beginning to your search for cheaper coverage.
The make and model of vehicle you are trying to insure is a significant factor when shopping around for economical car insurance for welfare recipients. Vehicles with higher performance, poor safety features, or an increased likelihood of liability claims will cost more to insure than safer, lower-performance models.
The next table outlines auto insurance premiums for some of the cheapest vehicles to buy coverage for.
|Make and Model||Estimated Cost for Full Coverage|
|Hyundai Elantra GLS Touring Station Wagon||$1,236|
|Honda CR-V EX 2WD||$1,245|
|Ford Escape XLT 2WD||$1,236|
|Chevrolet Malibu LS||$1,467|
|Jeep Grand Cherokee Laredo 4WD||$1,473|
|Honda Accord EX-L 4-Dr Sedan||$1,477|
|Dodge Grand Caravan SE||$1,517|
|Ford F-150 STX Super Cab 2WD||$1,535|
|Chevrolet Silverado LTZ Crew Cab 4WD||$1,572|
|Nissan Rogue S AWD||$1,578|
|Chevrolet Equinox LTZ AWD||$1,572|
|GMC Sierra 3500HD SLE Crew Cab 2WD||$1,600|
|Volkswagen Jetta SE 2.5 Station Wagon||$1,610|
|Ford Focus S 4-Dr Sedan||$1,612|
|Ford Explorer Eddie Bauer AWD||$1,638|
|Toyota RAV4 Limited 4WD||$1,650|
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Data based on single male driver age 50, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Oklahoma minimum liability limits. Discounts applied include multi-policy, multi-vehicle, claim-free, homeowner, and safe-driver. Price estimates do not factor in your specific Tulsa, OK location which can impact premium rates noticeably.
By looking at the data, cars like the Hyundai Elantra, Honda CR-V, and Ford Escape are likely to be a few of the less-costly vehicles to insure for drivers on welfare.
For drivers on welfare, one of the more important considerations that help determine insurance cost is your zip code in Tulsa. Cities with larger populations or higher claim trends tend to have higher auto insurance costs, whereas areas with lower vehicle theft rates and fewer weather claims have the gratification of cheaper auto insurance rates.
The next table lists the most expensive areas in Oklahoma for welfare recipients to buy an auto insurance policy in. Tulsa is ranked at #3 with a yearly cost of $2,192 on average, which is around $183 per month.
|Rank||City||Premium Per Year|
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Rate quotes are estimated as vehicle location can impact auto insurance rates substantially.
Shopping around for reasonably-priced insurance is difficult, and deciding which companies offer the cheapest car insurance rates for welfare recipients will take even more work.
Every auto insurer uses different criteria for setting rates, so let’s begin by examining the car insurance companies with the overall cheapest rates in Tulsa. It’s a good idea to know that Tulsa, OK car insurance rates are calculated based on many things which can significantly increase or decrease the price you pay for coverage. Events like a birthday, buying a higher-value vehicle, or having an at-fault accident may cause policy rate changes that may make certain companies less affordable than competitors.
Find the Best Cheap Insurance in Oklahoma
|Rank||Company||Cost Per Year|
|2||Oklahoma Farmers Union||$1,166|
|11||OK Farm Bureau||$2,079|
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USAA quotes some of the cheapest car insurance rates in Tulsa at around $1,161 a year. This is $806 less than the average rate paid by Oklahoma drivers of $1,967. Oklahoma Farmers Union, The Hartford, Safe Auto, and GEICO would also make the list of some of the best Tulsa, OK insurance companies.
In the rate table above, if you are insured with Safe Auto and switched to USAA, you may see annual savings of approximately $216. Customers with GEICO may save as much as $220 a year, and Farmers customers might reduce prices by as much as $261 a year.
These premiums are averaged for all types of insureds and vehicles and and are not figured with a specific location for welfare recipients. So the company that is best suited for you may not even be in the top 17 companies in the list above. That affirms the importance of why you need to get rate quotes from many companies using your own driver data and vehicle information.
The chart below shows how choosing a deductible can impact insurance costs when quoting cheap insurance for welfare recipients. The premiums assume a single female driver, comprehensive and collision coverage, and no additional discounts are factored in.
A 40-year-old driver could cut expenses by $354 a year by changing from a $100 deductible to a $500 deductible, or save $538 by switching to a $1,000 deductible. Younger drivers, such as the 20-year-old example, could reduce their rates up to $902 each year by selecting a higher deductible. When increasing deductibles, it will be required to have enough savings set aside to allow you to pay the extra out-of-pocket expense. That is the one drawback of using higher deductibles.
Cautious drivers save money
The recommended way to find low car insurance premiums in Tulsa for drivers on welfare is to drive safely and avoid accidents and traffic violations. The illustration below illustrates how violations and accidents can raise auto insurance rates for different ages of insureds. The rate quotes are based on a married female driver, full coverage, $100 deductibles, and no discounts are applied.
In the previous example, the average cost of car insurance per year with no violations or accidents is $2,202. Receive two speeding tickets and the average cost surges to $3,148, an increase of $946 each year. Then add in two accidents along with the two speeding tickets and the annual cost of car insurance for welfare recipients goes up to an average of $6,352. That’s an increase of $4,149, or $346 per month, just for not driving responsibly!
You are probably paying too much for car insurance
Tulsa, OK car insurance rates are based on many factors that may substantially change the policy price. Improving your credit score, moving to a new city, or getting a speeding ticket may generate price changes resulting in some rates now being more affordable than the competition.
Additionally, car insurance companies change rates as needed in order to offset underwriting gains or losses. Significantly higher losses can cause rate hikes, while a profitable period can cause lower-priced Tulsa car insurance rates.
To help illustrate this point, the chart below shows the companies that have the cheapest car insurance in Tulsa, OK for a 35-year-old female driver with no violations or accidents, and great credit. If we compare prices based on her current risk profile, Oklahoma Farmers Union might quote the best car insurance rates in Tulsa at $1,462 a year. This is $505 less than the average rate paid by Oklahoma drivers of $1,967. USAA, The Hartford, GEICO, and Farmers also make the list of the top five cheapest Tulsa, OK auto insurance companies.
Let’s now give the driver from the first rate comparison a couple of claims, a lower credit rating, and a stop sign violation. Since every car insurance company has a proprietary formula for determining rates, comparing rates may now result in a slightly different list of cheap Tulsa auto insurance companies as shown below.
State Farm now has the best insurance rate in Tulsa, OK with USAA, The Hartford, Liberty Mutual, and Farmers completing the list. This example illustrates why drivers need to perform an extensive rate comparison to find the most economical insurance rates for welfare recipients.
Rates are influenced by many risk factors and can change without notice, so the most economical company the last time you compared rates may now cost much more than other companies.