One of the more important components that determine car insurance rates is your zip code in Tulsa. Cities with more crime and/or more people tend to pay slightly more, whereas areas with lower vehicle theft rates and fewer weather claims have the benefit of cheaper car insurance.
The following table ranks the most costly cities in Oklahoma to buy auto insurance in. Tulsa ranks #4 costing $2,192 for the average policy, which is around $183 each month.
|Rank||City||Premium Per Year|
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Premium amounts are approximated as the specific area where the vehicle is garaged can impact coverage rates greatly.
Knowing where Tulsa ranks on price, finding dependable, cheap car insurance is confusing at best, and figuring out which companies offer the best insurance rates in Tulsa takes even more shopping around. Each insurance company has a different process for determining prices, so we need to take a look at the lowest cost insurance companies in Tulsa.
Keep in mind that Oklahoma insurance rates are impacted by many factors that will increase or decrease the price you pay for coverage. Improving your credit score, moving across town, or getting a ticket for careless driving can trigger rate changes resulting in some rates now being more expensive than competitors.
Cheap Insurance Rates in Tulsa
|Rank||Company||Cost Per Year|
|2||Oklahoma Farmers Union||$1,166|
|11||OK Farm Bureau||$2,058|
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USAA may have some of the lowest car insurance rates in Tulsa at around $1,150 annually. Oklahoma Farmers Union, GEICO, The Hartford, and Safe Auto also make the cut as some of the more affordable Tulsa, OK car insurance companies.
As shown above, if you are currently insured with GEICO and switched to USAA, you may realize an annual savings of roughly $190. Insureds with The Hartford may save as much as $223 a year, and Safe Auto insureds might cut rates by $269 a year.
Understand that those estimates are averages for all ages of drivers and types of vehicles and do not factor in a specific zip code in Tulsa. So the company that is best for you may not even be in the list above. That emphasizes why you need to compare rates from as many companies as possible using your own specific driver information and vehicle.
The vehicle model driven is a large factor when quoting the most economical car insurance in Tulsa. Vehicles with lower acceleration and performance, a great safety record, or low incidents of liability claims will cost much less to insure than higher performance models.
The next list illustrates auto insurance prices for the most budget-friendly automobiles to buy insurance for.
|Vehicle Insured||Estimated Cost for Full Coverage|
|Hyundai Elantra GLS Touring Station Wagon||$984|
|Honda Accord LX 4-Dr Sedan||$1,071|
|Honda CR-V LX 4WD||$1,078|
|Ford Escape Limited 2WD||$1,097|
|Ford Explorer Eddie Bauer 2WD||$1,102|
|Honda Odyssey EX||$1,141|
|Nissan Altima 2.5 4-Dr Sedan||$1,163|
|Toyota Tacoma Double Cab TRD Off-Road Package 4WD||$1,187|
|Ford F-150 XL Super Cab 4WD||$1,199|
|Jeep Wrangler Sport Islander Package 4WD 2-Dr||$1,207|
|Chevrolet Impala LTZ||$1,223|
|Toyota Camry SE||$1,232|
|Ford Edge Limited AWD||$1,223|
|Chevrolet Equinox LTZ 2WD||$1,248|
|Volkswagen Jetta SEL 4-Dr Sedan||$1,258|
|Nissan Rogue S AWD||$1,248|
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Premium data assumes married male driver age 50, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Oklahoma minimum liability limits. Discounts applied include multi-vehicle, claim-free, homeowner, safe-driver, and multi-policy. Price information does not factor in specific garaging location which can revise auto insurance rates considerably.
Looking at the data, you can assume that makes and models like the Hyundai Elantra, Honda Accord, Honda CR-V, and Toyota Prius will definitely be a few of the cheaper vehicles to insure for drivers in Tulsa.
Liability-only versus full coverage
Saving money when shopping for insurance is probably important to the majority of people, and one of the best ways to reduce the cost of insurance in Tulsa is to not insure for full coverage. The example below shows the comparison of auto insurance rates with full physical damage coverage compared to only buying the minimum liability limits required in Oklahoma. The price estimates are based on no driving violations, no at-fault accidents, $100 deductibles, single status, and no other discounts are factored in.
As an overall average, full coverage costs $3,436 per year over and above liability only. Lot’s of drivers question when is it a good idea to stop buying full coverage. There is no exact rule for phasing out physical damage insurance, but there is a general convention. If the yearly cost of full coverage is more than about 10% of the settlement you would receive from your company, then you might consider buying liability only.
For example, let’s say your vehicle’s book value is $11,500 and you have $1,000 physical damage deductibles. If your vehicle is destroyed, the most your company would pay you is $10,500 after the policy deductible has been paid. If you are paying in excess of $1,050 a year for physical damage coverage, then you may want to consider only buying liability coverage.
There are some circumstances where removing full coverage is not advised. If you haven’t paid off your loan, you must maintain physical damage coverage as part of the loan requirements. Also, if your emergency fund is not enough to purchase a different vehicle if your current one is totaled, you should not eliminate full coverage.
The illustration below highlights how deductible selection can change yearly insurance costs when searching for cheap insurance in Tulsa. The information is based on a single male driver, full coverage, and no other discounts are factored in.
The data above shows that a 40-year-old driver could lower rates by $370 a year by changing their physical damage coverage from a $100 deductible to a $500 deductible, or save $558 by changing to a $1,000 deductible. Young drivers, such as the 20-year-old example, have the ability to save $1,208 or even more by choosing a larger deductible amount.
When raising deductibles, it is a good idea to have plenty of money set aside to be able to cover the extra out-of-pocket expense, which is the main drawback of higher deductibles.
Get discount Tulsa car insurance rates
Insurers that offer quotes in Tulsa may have premium discounts that may potentially lower prices by 35% or more if you qualify. A few popular companies and some of the premium reductions they offer are included below.
- Progressive may include discounts for online signing, continuous coverage, multi-policy, multi-vehicle, and online quote discount.
- AAA may have discounts that include pay-in-full, AAA membership discount, education and occupation, good student, multi-car, multi-policy, and anti-theft.
- Farmers Insurance has discounts for distant student, switch companies, mature driver, homeowner, youthful driver, and multi-car.
- GEICO offers discounts including seat belt use, multi-vehicle, anti-theft, daytime running lights, driver training, and military active duty.
- Esurance offers premium reductions for homeowner, Switch & Save, emergency road assistance, good driver, and multi-policy.
- SAFECO may offer discounts for anti-lock brakes, homeowner, safe driver, multi-car, and teen safety rewards.
- State Farm has savings for Drive Safe & Save, multiple autos, accident-free, anti-theft, and defensive driving training.
The diagram below shows the difference between car insurance costs with and without discounts applied to the premium. The information is based on a male driver, no violations or accidents, Oklahoma state minimum liability limits, full coverage, and $1,000 deductibles.
The first bar for each age group shows insurance cost with no discounts. The second shows the rates with homeowner, multiple policy, marriage, passive restraint, accident-free, and anti-theft discounts applied. When these discounts are applied, theaverage yearly reduction on insurance in Tulsa is 28% or $713.
How to find budget-friendly car insurance in Tulsa
The list below shows many thrifty ideas that can help Oklahoma drivers quote lower-cost car insurance.
- Do not pay for full coverage on older vehicles
- Avoid filing small claims
- Good credit can mean cheaper rates
- Bundle home or renters insurance to earn a discount on car insurance
- Vehicles with safetly features generally cost less to insure
- Raise your deductibles
- Shop around for cheaper rates regularly
The last item on the list is incredibly necessary, as we emphasized in the prior article. Auto insurance prices fluctuate constantly, so don’t be afraid to buy from a different company if a cheaper price is available. Many drivers have brand loyalty and that’s fine, but is isn’t recommended if that inflexibility results in costing you a lot of money every month. Take a couple minutes and shop around and find cheaper car insurance in Tulsa in Tulsa.
The insurance agents in Tulsa listed below can answer your questions and help you decide which car insurance company is the best fit, as some drivers have questions and prefer to have a professional recommendation when comparing insurance rates in Tulsa. It’s not always easy to find the best coverage yourself, and professional agents can add satisfaction knowing you have adequate protection. To locate a Tulsa auto insurance agent by location nearest to you, click the link after the list.
- EZ Insurance Agency
1207 S Memorial Dr – Tulsa, OK 74112 – (918) 794-3220
- GEICO Insurance Agent
8353 S Memorial Dr – Tulsa, OK 74133 – (918) 384-0707
- Velta Augusta – State Farm Insurance Agent
8929 S Memorial Dr #190 – Tulsa, OK 74133 – (918) 254-1959