You have probably seen the captivating ads from insurers like Farmers and Nationwide claiming enormous savings. So drivers just need to choose the one with the flashiest ad, right?
Regrettably, it’s not quite that easy, as there are a whole slew of unknown elements like the likelihood of vehicle theft where you live, how experienced of a driver you are, and if you are a good driver, that all have an effect on the price. In this article, we will cover the best ways to find cheap car insurance and also should give you a good beginning to your search for cheaper coverage.
Deciding which companies quote the cheapest car insurance rates for low income drivers calls for a little more work in order to find the most economical policy. Every car insurance company has a different process to set policy rates, so let’s examine the car insurance companies with the most affordable rates in Tulsa.
It’s important to know that Tulsa, OK car insurance rates are impacted by many factors that can increase your annual premium. Turning one year older, buying a different vehicle, or getting a few speeding tickets may prompt premium changes that can make some companies cheaper than competitors.
Lowest Insurance Price Quotes in Oklahoma
USAA quotes some of the cheapest car insurance rates in Tulsa at around $1,150 annually. This is $817 less than the average premium paid by Oklahoma drivers of $1,967. Oklahoma Farmers Union, The Hartford, Safe Auto, and Farmers also qualify as some of the more affordable Tulsa, OK insurance companies.
As the example above demonstrates, if you are insured with Oklahoma Farmers Union and switched to USAA, you might achieve annual savings of upwards of $52. Customers with The Hartford may save as much as $223 a year, and Safe Auto policyholders might reduce prices by as much as $227 a year.
To find the cheapest rates for your vehicle, click here to start a quote or visit any of the companies below.
Understand that those policy prices are averages across all types of drivers and the different vehicles they drive and and are not calculated with a specific vehicle garaging location for low income drivers. So the insurer that can offer you the lowest price may not even be in the list above. That’s why you need to compare prices as often as possible using your own specific driver information and vehicle.
For poor drivers, one of the more important components that are used to help calculate car insurance rates is your zip code. Areas with more people or higher crime rates will most likely have higher rates, whereas areas that tend to be more rural have the gratification of cheaper auto insurance rates.
The next table sorts the highest-priced areas in Oklahoma for low income drivers to purchase auto insurance in. Tulsa is ranked #4 with a yearly premium of $2,215 for the average insurance policy, which is approximately $185 each month.
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Premium costs are estimated as the vehicle garaging location can alter coverage prices substantially.
What is the best car insurance company in Tulsa?
Finding a good quality insurance provider can be difficult considering how many companies sell insurance in Tulsa. The rank data shown next may help you pick which car insurance companies you want to consider when looking for cheaper rates. The ratings below are for the companies with a significant amount of written premium nationwide, so smaller companies are not included in the list.
Top 10 Major Auto Insurance Providers in Tulsa Ranked by A.M. Best Rating
- Travelers – A++
- GEICO – A++
- State Farm – A++
- USAA – A++
- Nationwide – A+
- Allstate – A+
- Mercury Insurance – A+
- The Hartford – A+
- Esurance – A+
- Progressive – A+
Top 10 Major Auto Insurance Providers in Tulsa Ranked by Customer Satisfaction
- USAA – 91%
- AAA Insurance – 90%
- Esurance – 90%
- Mercury Insurance – 89%
- Nationwide – 89%
- Travelers – 88%
- Progressive – 88%
- Safeco Insurance – 88%
- State Farm – 88%
- Allstate – 88%
Impact of citations and accidents on Tulsa insurance rates
The ideal way to enjoy the best car insurance premiums for poor drivers is to pay attention while driving and not get tickets or have accidents. The diagram below shows how violations and accidents influence premium costs for each different age category. The rates are based on a married female driver, comprehensive and collision coverage, $250 deductibles, and no discounts are applied to the premium.
In the example above, the average cost of car insurance per year with no accidents and a clean driving record is $1,811. Get one speeding ticket and the average cost jumps to $2,108, an increase of $297 each year. Then include one accident along with the one speeding ticket and the 12-month cost of car insurance for low income drivers jumps again to an average of $2,940. That’s an increase of $1,129, or $94 per month, just for not driving safely!
How to find budget-friendly insurance for low income drivers
The list below details some of the better money-saving suggestions that can help Tulsa drivers get more affordable auto insurance.
- Insure your home and auto with the same company
- Maintain a safe distance and avoid accidents
- Save money by staying claim-free
- Buy a vehicle with excellent safety ratings
- Maintain a clean driving record
- Compare rate quotes frequently
The last tip is very valuable, as was emphasized in the prior article. Prices charged by auto insurers in Tulsa can change in a short period of time, so don’t be afraid to buy a policy from a new company if you find a cheaper price. Being loyal to a particular company is commendable, but it’s not a great idea if that loyalty results in overpaying big bucks every year. Now is a great time to compare prices and find cheaper auto insurance for low income drivers.