What Auto Insurance is Cheapest for Drivers Over Age 50 in Tulsa?

Comparing quotes for cost effective insurance is hard enough, and deciding which insurers offer the lowest-priced auto insurance rates for drivers over age 50 requires even more diligence.

Each insurer has their own guidelines for determining rates in each state, so let’s begin by examining the auto insurance companies with the overall best prices in Tulsa. It’s important that readers know that Oklahoma auto insurance rates are influenced by many factors that control the price of coverage. This price fluctuation is why it is crucial to shop around with many companies when trying to get affordable insurance quotes for drivers over age 50. Rates are determined by many things and can decrease or increase without notice, so the cheapest option the last time you compared rates may now be one of the more expensive options.

Best Car Insurance Prices for Age 50+

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Oklahoma car insurance ranked by cost per year
Rank Company Cost Per Year
1 USAA $1,161
2 Oklahoma Farmers Union $1,202
3 The Hartford $1,333
4 GEICO $1,353
5 Safe Auto $1,377
6 Farmers $1,394
7 State Farm $1,536
8 Liberty Mutual $1,797
9 Travelers $1,868
10 Mercury $1,993
11 OK Farm Bureau $2,058
12 Home State $2,149
13 Shelter $2,194
14 MetLife $2,235
15 Progressive $2,245
16 Allstate $2,448
17 Safeco $5,209
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USAA may have some of the most affordable car insurance rates in Tulsa at around $1,161 each year. This is $806 less than the average rate paid by Oklahoma drivers of $1,967. Oklahoma Farmers Union, The Hartford, GEICO, and Safe Auto are also some of the cheaper Tulsa, OK auto insurance companies.

As the example above demonstrates, if you currently buy coverage from The Hartford and switched to USAA, you may see an annual savings of about $172. Customers with GEICO may save as much as $192 a year, and Safe Auto policyholders might cut rates by $216 a year.

To find out how much you can save, click here to get a free quote or feel free to get quotes from the companies below.

Bear in mind that those prices are averaged for all drivers and vehicles and are not factoring in a specific zip code for drivers over age 50. So the auto insurance company that has the lowest price for you may not even be in the list above. That affirms the importance of why you need to get quotes using your own driver and vehicle profiles.

The make and model of vehicle that is being insured is one of the largest considerations when comparison shopping for the cheapest car insurance for drivers over age 50. Vehicles with high performance features, a lack of safety features, or a track record of large liability claims will cost much more to insure than safer models. The list below outlines coverage prices for a handful of the most budget-friendly automobiles to insure in Oklahoma.

Cheapest Vehicles to Insure in Tulsa, OK
Make and Model Estimated Cost for Full Coverage
Honda Accord EX 4-Dr Sedan $1,142
Hyundai Elantra GLS Touring Station Wagon $1,147
Honda CR-V EX-L 4WD $1,169
Ford Escape XLT 4WD $1,176
Toyota Prius $1,265
Ford Explorer Eddie Bauer 2WD $1,282
Ford Focus S 4-Dr Sedan $1,328
Honda Civic DX 4-Dr Sedan $1,338
Chevrolet Silverado LT Extended Cab 4WD $1,355
Chevrolet Equinox LS AWD $1,363
Ford Fusion S 4-Dr Sedan $1,355
Chevrolet Malibu Hybrid $1,362
Toyota RAV4 4WD $1,355
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Above prices assume 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, claim-free, homeowner, safe-driver, and multi-vehicle. Rate quotes do not factor in specific location which can increase or decrease coverage prices significantly.

Looking at the rates, you can conclude that cars like the Honda Accord, Hyundai Elantra, and Honda CR-V are most likely to be a few of the more affordable vehicles to insure for older drivers.

For older drivers, one of the more important components that aid in calculating auto insurance rates is where you keep your car in Tulsa. Cities with more crime and/or more people likely pay more, whereas less populated areas benefit from lower coverage costs.

The following table lists the highest-priced places in Oklahoma for drivers over age 50 to buy auto insurance in. Tulsa is ranked #1 with an annual cost of $2,259 for car insurance, which is approximately $188 monthly.

How much does auto insurance cost in Tulsa?
Rank City Average Per Year
1 Tulsa $2,259
2 Bixby $2,235
3 Del City $2,221
4 Oklahoma City $2,178
5 Sapulpa $2,144
6 Sand Springs $2,139
7 Bethany $2,135
8 Moore $2,132
9 Broken Arrow $2,130
10 Midwest City $2,119
11 Owasso $2,085
12 Edmond $2,063
13 Claremore $2,048
14 Shawnee $2,028
15 Norman $2,013
16 Bartlesville $2,000
17 Yukon $1,994
18 Stillwater $1,989
19 Enid $1,961
20 Ponca City $1,956
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Rate quotes are estimated as the specific area where the vehicle is garaged can change auto insurance rates noticeably.

Impact of speeding/accidents on Tulsa auto insurance rates

The best way to earn low auto insurance rates in Tulsa for older drivers is to be a cautious driver and avoid accidents and traffic violations. The example below illustrates how speeding tickets and fender-benders influence auto insurance rates for different insured age categories. The rate quotes are based on a single male driver, full coverage, $500 deductibles, and no discounts are taken into consideration.

In the previous chart, the average cost of a car insurance policy per year with no violations or accidents is $2,108. Add in one speeding ticket and the average cost jumps to $2,378, an increase of $270 each year. Now add two accidents along with the one speeding ticket and the yearly cost of auto insurance for drivers over age 50 goes up to an average of $4,796. That’s an increase of $2,688, or $224 per month, just for being a little careless behind the wheel!

Selecting a high-quality car insurance provider can be rather challenging considering how many choices drivers have in Oklahoma. The information displayed below may help you analyze which providers to look at when buying insurance for drivers over age 50. These rankings are for large insurance companies, so companies that focus mainly on Oklahoma business are not factored into these rankings.

Top 10 Major Auto Insurance Companies Overall in Tulsa

  1. Travelers
  2. USAA
  3. Mercury Insurance
  4. AAA Insurance
  5. Nationwide
  6. Allstate
  7. State Farm
  8. The Hartford
  9. Safeco Insurance
  10. Progressive

Top 10 Major Auto Insurance Companies in Tulsa Ranked by Customer Satisfaction

  1. USAA – 91%
  2. AAA Insurance – 90%
  3. Esurance – 90%
  4. Mercury Insurance – 89%
  5. Nationwide – 89%
  6. Travelers – 88%
  7. Progressive – 88%
  8. Safeco Insurance – 88%
  9. State Farm – 88%
  10. Allstate – 88%

The importance of shopping around

Oklahoma auto insurance rates are impacted by many factors that can increase your annual premium. Simply turning a year older, having a teen driver, or getting a DUI can cause premium changes resulting in some companies being cheaper than before. In addition to those changes, car insurance companies amend pricing multiple times each year to adjust for heavy claims or excess profits. Higher than usual claims may cause price increases, while a profitable period may produce lower-cost Tulsa car insurance rates.

The graph below shows the company with the cheapest car insurance in Tulsa, OK for a 30-year-old male driver with a clean driving record, no accidents, and great credit. When quoting prices based on his personal risk profile, USAA has the cheapest car insurance rates in Tulsa at $1,385 a year. This is $582 less than the average policy premium paid by Oklahoma drivers of $1,967. Oklahoma Farmers Union, GEICO, The Hartford, and Safe Auto are also included in the cheapest Tulsa, OK auto insurance companies.

Now we will pretend the driver from the first example some claims, a lower credit rating, and a few blemishes on his driving record. Because every insurance company uses their own formula to set premium rates, comparing prices could result in a new list of the cheapest companies as shown below.

State Farm now has the best price on car insurance in Tulsa with Oklahoma Farmers Union, Travelers, The Hartford, and Safe Auto also being competitive. This illustrates why Tulsa drivers need to shop around with many companies to get affordable auto insurance quotes for drivers over age 50.

Insurance prices are impacted by many risk factors and can change without notice, so the lowest-price company the last time you checked may now cost much more than other companies.

If you prefer to get some help when shopping for cheaper insurance for older drivers, the professional agents shown below can help you make a decision which policy is best.

To locate an agency using an interactive map, click the link after the list.

Find a Tulsa, OK insurance agent near you

How to find low-cost auto insurance for drivers over age 50

Below you’ll find some of the better thrifty ideas that can help Tulsa drivers get more affordable car insurance.

The final tip is especially significant, as was pointed out in the prior article. Car insurance rates can be adjusted at any time, so you should be ready to change insurance companies if a more affordable price is available. We understand brand loyalty, but it’s not a good idea if your bullheadedness ends up costing you a considerable chunk of change every month. It takes less than five minutes to compare prices and find cheaper car insurance for drivers over age 50 in Tulsa.