The car, truck, or SUV you are buying coverage for is one of the largest factors when shopping for the most economical auto insurance for high mileage drivers. Vehicles with lots of horsepower, a lack of advanced safety features, or an increased likelihood of liability claims will cost more to insure than safer models. The next table outlines coverage premiums for a handful of the most cost-effective automobiles to insure in Oklahoma.
|Vehicle Insured||Estimated Cost for Full Coverage|
|Honda Accord LX 4-Dr Sedan||$1,261|
|Honda CR-V EX-L 2WD||$1,293|
|Ford Escape XLT 2WD||$1,300|
|Toyota RAV4 2WD||$1,368|
|Ford Explorer Eddie Bauer 4WD||$1,395|
|Toyota Camry SE||$1,441|
|Toyota Tacoma X-Runner 2WD||$1,451|
|Chevrolet Silverado LT Regular Cab||$1,462|
|Hyundai Sonata GLS 4-Dr Sedan||$1,471|
|Honda Odyssey EX||$1,465|
|Ford Focus S 4-Dr Sedan||$1,474|
|Dodge Grand Caravan SE||$1,467|
|Honda Civic Hybrid 4-Dr Sedan||$1,473|
|Jeep Wrangler Rubicon 4WD 2-Dr||$1,467|
|Ford Fusion S 4-Dr Sedan||$1,496|
|Chevrolet Impala LT||$1,503|
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Data based on single male driver age 30, 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 estimates do not factor in Tulsa, OK location which can decrease or increase premiums substantially.
By looking at the data, you can conclude that vehicles like the Honda Accord, Toyota Prius, Honda CR-V, Ford Escape, and Toyota RAV4 are most likely to be some of the most economical vehicles to insure for high mileage drivers.
Finding good, cheap insurance is not most people’s favorite thing to do, and figuring out which companies have the lowest-priced car insurance rates for high mileage drivers will take additional perseverance.
Each auto insurance company uses different criteria to set policy rates, so to begin we’ll rank the car insurance companies with the most affordable rates in Oklahoma. We do need to point out that Tulsa, OK car insurance rates are determined by lots of factors which can significantly increase or decrease your annual premium. Turning one year older, buying higher coverage limits, or getting a speeding ticket may cause policy rate changes that can make some companies way too expensive in comparison to the competition.
Find the Cheapest Auto Insurance in Oklahoma
|Rank||Company||Cost Per Year|
|2||Oklahoma Farmers Union||$1,166|
|11||OK Farm Bureau||$2,058|
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USAA may offer some of the best car insurance rates in Tulsa at around $1,150 a year. 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 Oklahoma Farmers Union, you might see a yearly price reduction of in the neighborhood of $197. Policyholders with GEICO may save as much as $215 a year, and Farmers customers might lower prices by $228 a year.
These policy prices are averaged for all drivers and vehicles in Oklahoma and do not factor in a specific location for high mileage drivers. So the company that fits you best may not even be in the top 17 companies shown above. That illustrates why you need to compare prices as often as possible using your own personalized driver profile and vehicle information.
For high mileage drivers, one of the largest things that determine the price you pay for insurance is your address in Tulsa. Cities with larger populations tend to pay slightly more, whereas less populated areas have the benefit of cheaper auto insurance prices.
The following table ranks the most expensive areas in Oklahoma for high mileage drivers to purchase car insurance in. Tulsa is ranked at #3 with an annual cost of $2,192 for the average policyholder, which is approximately $183 each month.
|Rank||City||Premium Per Year|
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Premium amounts are estimated as the vehicle garaging location can lower or raise auto insurance rates substantially.
The information below illustrates how choosing a deductible can impact insurance rates when trying to find cheap insurance for high mileage drivers. The costs are based on a married female driver, comprehensive and collision coverage, and no discounts are taken into consideration.
The chart above illustrates that a 40-year-old driver could lower their car insurance rates by $428 a year by changing from a $100 deductible to a $500 deductible, or save $644 by changing to a $1,000 deductible. Even younger insureds, like the 20-year-old, can cut as much as $1,058 every year by using higher deductibles when buying full coverage.
When raising deductibles, it will be important to have enough savings to offset the extra out-of-pocket expense, which is the one disadvantage of using larger deductibles.
Discount Tulsa insurance
Insurance providers that offer cheap quotes for high mileage drivers may additionally offer policy discounts that can reduce rates by as much as 35% if you are eligible to receive them. A few of the larger companies and a selection of discounts are shown below.
- Farmers Insurance may include discounts for early shopping, mature driver, teen driver, bundle discounts, switch companies, homeowner, and electronic funds transfer.
- State Farm includes discounts for defensive driving training, passive restraint, anti-theft, safe vehicle, multiple policy, good driver, and good student.
- Liberty Mutual policyholders can earn discounts including newly married, preferred payment discount, safety features, newly retired, and new move discount.
- MetLife may have discounts that include multi-policy, defensive driver, good student, claim-free, and accident-free.
- Progressive has discounts for multi-vehicle, homeowner, good student, online quote discount, and multi-policy.
The chart below illustrates the difference between insurance costs with and without discounts being applied to the rates. The data is based on a female driver, no violations or claims, Oklahoma state minimum liability limits, full coverage, and $1,000 deductibles. The first bar for each age group shows the average rate with no discounts. The second bar shows the rates with homeowner, passive restraint, safe-driver, defensive driving course, marriage, and multiple policy discounts applied. When these discounts are applied, theamount saved on car insurance for high mileage drivers is 28% or $680.
Why you should shop around
Tulsa car insurance rates are determined by lots of factors which can substantially change the price of coverage. Improving your credit score, buying a new vehicle, or getting into an accident can cause premium changes resulting in some rates now being cheaper in comparison to the competition. Not only may things change on your end, but companies change premium rates as often as every three months in order to remain profitable. Significantly higher losses may cause higher priced premiums, while a better loss history can result in more affordable Tulsa car insurance rates.
The chart below shows which company has the cheapest car insurance in Tulsa, OK for a 40-year-old male driver with a clean driving record, no accidents, and a good credit rating. If we estimate rates based on his current rating profile, USAA has the cheapest car insurance rates in Tulsa at $1,392 a year. This is $575 less than the average premium paid by Oklahoma drivers of $1,967. Oklahoma Farmers Union, The Hartford, Safe Auto, and GEICO are also included in the top five cheapest Tulsa, OK auto insurance companies.
The chart below compares rates after we give the driver in the first chart an at-fault accident, less-than-perfect credit, and a few traffic violations. Because each company has their own process for setting prices, getting updated rate quotes may now show a new list of affordable companies as shown below.
State Farm now has the lowest price on auto insurance in Tulsa with Oklahoma Farmers Union, Liberty Mutual, Safe Auto, and Travelers now being in the top five. This example illustrates why it is critical to do a thorough rate comparison when trying to find the best car insurance rates for high mileage drivers. Car insurance prices can be determined by many factors and change dramatically, so the best option the last time you compared rates may now be priced much higher than other options.
If you aren’t sure which coverage you need and prefer to have some advice when shopping around for cheaper insurance for high mileage drivers, the professional agents shown below can most likely help you decide which auto insurance coverages would be the best in your situation. To locate a Tulsa insurance agent close to where you live, click the button at the bottom of the list.
Allstate Insurance: Todd Williams
3315 S Yale Ave Ste 200 – Tulsa, OK 74135 – (918) 742-2784
1635 S Harvard Ave – Tulsa, OK 74112 – (918) 749-9500
6373 E 31st St A – Tulsa, OK 74135 – (918) 270-2220
Jonathan Gibson – State Farm Insurance Agent
205 E Pine St #102 – Tulsa, OK 74106 – (918) 382-5717
GEICO Insurance Agent
8353 S Memorial Dr – Tulsa, OK 74133 – (918) 384-0707