Who Has Cheap Auto Insurance for Used Cars in Tulsa?

For pre-owned vehicles, one of the more important things that help determine auto insurance rates is where you live. Areas with more people or higher crime rates likely pay more, whereas more rural areas have the benefit of cheaper car insurance.

The table below shows the most expensive places in Oklahoma for used cars to buy car insurance in. Tulsa ranks #1 with the annual price of $2,282 for coverage, which is around $190 each month.

How much is auto insurance in Tulsa, OK?
Rank City Annual Rate
1 Tulsa $2,282
2 Del City $2,243
3 Bixby $2,235
4 Broken Arrow $2,216
5 Sand Springs $2,205
6 Owasso $2,148
7 Midwest City $2,140
8 Bethany $2,135
9 Oklahoma City $2,113
10 Sapulpa $2,102
11 Moore $2,069
12 Edmond $2,063
13 Norman $2,033
14 Claremore $2,008
15 Yukon $1,994
16 Shawnee $1,988
17 Ponca City $1,976
18 Stillwater $1,970
19 Muskogee $1,962
20 Enid $1,942
21 Bartlesville $1,941
22 Ardmore $1,936
23 Duncan $1,923
24 Lawton $1,922
25 Altus $1,820
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Rate information is comparative as zip code location can alter price quotes considerably.

Trying to find low-cost auto insurance is not most people’s favorite thing to do, and determining which companies offer the cheapest insurance rates for used cars takes even more work. Every auto insurer uses a different method for determining rates, so we’ll go over the overall cheapest insurance companies in Tulsa.

It’s important to understand that Oklahoma insurance rates are influenced by many factors which can substantially change the cost of coverage. This price variation is why it is so important to spend some time comparing rates when trying to find the most budget-friendly insurance rates for used cars. Auto insurance prices consist of many factors and can increase or decrease at any time, so the most affordable company three years ago may now not even be in the top five.

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Cheapest auto insurance in Oklahoma ranked by cost per year
Rank Company Cost Per Year
1 Oklahoma Farmers Union $1,166
2 USAA $1,185
3 The Hartford $1,319
4 GEICO $1,340
5 Safe Auto $1,363
6 Farmers $1,422
7 State Farm $1,583
8 Travelers $1,849
9 Liberty Mutual $1,871
10 Mercury $1,973
11 OK Farm Bureau $1,997
12 Shelter $2,129
13 MetLife $2,147
14 Progressive $2,157
15 Home State $2,214
16 Allstate $2,472
17 Safeco $5,056
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Oklahoma Farmers Union normally has some of the cheapest car insurance rates in Tulsa at around $1,166 each year. This is $801 less than the average rate paid by Oklahoma drivers of $1,967. USAA, The Hartford, GEICO, and Safe Auto would also make the list of some of the most economical Tulsa, OK insurance companies.

In the above rates, if you are a customer of Safe Auto and switched to USAA, you could realize annual savings of in the neighborhood of $178. Oklahoma drivers with Farmers could save as much as $237 a year, and State Farm customers might reduce rates by $398 a year.

To find out how much you can save, click here or quote prices from the following companies.

These premium estimates are averaged for all insureds and vehicles and and are not calculated with an exact location for used cars. So the auto insurance company that fits your situation best may not even be in the top 17 companies in the list above. That illustrates why you need to compare rates from as many companies as possible using your own personal information and vehicle type.

The type of vehicle you are trying to insure is one of the biggest factors when shopping for the lowest-priced auto insurance for used cars. Vehicles with high performance features, a lack of safety features, or a high likelihood of having liability claims will cost significantly more to insure than safer, lower-performance models.

The next table estimates coverage prices for a handful of the cheaper automobiles to insure.

Cheapest Vehicles to Insure in Tulsa, OK
Make, Model, and Trim Level Estimated Cost for Full Coverage
Honda CR-V LX 4WD $991
Ford Escape Limited 2WD $1,108
Toyota Tacoma 4WD $1,110
Ford Explorer XLT 2WD $1,117
Ford F-150 XLT Super Cab 2WD $1,110
Dodge Grand Caravan CV $1,120
Jeep Wrangler Sport 4WD 2-Dr $1,115
Ford Focus SE 4-Dr Sedan $1,146
Nissan Altima 2.5 4-Dr Sedan $1,171
Chevrolet Impala LT $1,181
Ford Edge SE 2WD $1,183
Hyundai Elantra SE Touring Station Wagon $1,210
Toyota Prius $1,239
Honda Civic Hybrid 4-Dr Sedan $1,253
Toyota RAV4 Sport 4WD $1,275
Chevrolet Malibu LS $1,309
Volkswagen Jetta S 4-Dr Sedan $1,319
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Prices above based on married male driver age 30, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Oklahoma minimum liability limits. Discounts applied include homeowner, claim-free, safe-driver, multi-vehicle, and multi-policy. Premium amounts do not factor in specific Tulsa, OK garaging location which can raise or lower price quotes noticeably.

Based upon the rates shown, we can tell that cars like the Honda CR-V, Ford Escape, Toyota Tacoma, and Ford Explorer will definitely be some of the most affordable vehicles to insure for pre-owned vehicles.

Cost difference between full coverage and liability

Saving money when shopping for insurance should be important to most drivers, and an effective way to lower the cost of insurance for used cars is to not buy full coverage. The diagram below illustrates the difference between car insurance costs when comparing full coverage to liability only. The premiums assume a clean driving record, no claims, $1,000 deductibles, single marital status, and no discounts are applied.

Averaged for all age groups, comprehensive and collision coverage on your policy costs $1,878 per year over and above liability coverage. At some point, every insured wonders if full coverage is worth the money. There is no clear-cut rule to stop paying for physical damage coverage on your policy, but there is a general guideline. If the annual cost of your full coverage insurance is more than about 10% of any settlement you would receive from your insurance company, then you might want to think about dropping full coverage.

For example, let’s say your vehicle’s settlement value is $8,000 and you have $1,000 policy deductibles. If your vehicle is severely damaged, the most you would get paid by your company is $7,000 after paying your deductible. If it’s costing you more than $700 annually for comprehensive and collision coverage, the it may be a good time to stop paying for full coverage.

There are a few cases where eliminating full coverage is not a good plan. If you still owe money on your vehicle, you are required to maintain full coverage to satisfy the loan requirements. Also, if your finances do not allow you to purchase a different vehicle in the even your car is totaled, you should not buy liability only.

Accidents and violations increase rates

The easiest way to receive the cheapest insurance prices in Oklahoma for pre-owned vehicles is to be an attentive driver and avoid accidents and violations. The example below illustrates how speeding tickets and at-fault claims can affect insurance prices for different age groups. The rate quotes are based on a single male driver, full physical damage coverage, $100 deductibles, and no discounts are applied.

The data charted above shows the average cost of a car insurance policy in Tulsa per year with no violations or accidents is $3,436. Get one speeding ticket and the average cost increases to $3,872, an increase of $435 each year. Now throw in one accident along with the one speeding ticket and the 12-month cost of insurance for used cars jumps again to an average of $5,118. That’s an increase of $1,682, or $140 per month, just for not being a responsible driver!

Finding a high-quality car insurance company can be a challenge considering how many companies there are to choose from in Tulsa. The company information below could help you pick which insurers you want to consider purchasing a policy from. The rankings below are only comprised of companies with a nationwide focus, so companies with more of a regional focus are not factored into these rankings.

Best Insurance Companies for Used Cars in Oklahoma
Company Value Customer Service Claims Customer Satisfaction A.M Best Rating Overall Score
Travelers 93 98 99 88% A++ 95.1
USAA 83 99 100 91% A++ 94.1
Mercury Insurance 97 96 88 89% A+ 93.4
AAA Insurance 91 95 92 90% A 93.3
Nationwide 85 95 97 89% A+ 92.4
Allstate 77 100 97 88% A+ 90.7
State Farm 80 94 96 88% A++ 90.6
The Hartford 88 93 91 87% A+ 90.4
Safeco Insurance 91 95 85 88% A 90.2
Progressive 88 94 83 88% A+ 90.1
American Family 91 86 95 83% A 89.7
Esurance 86 90 94 90% A+ 89.5
The General 86 93 89 84% A- 88.2
GEICO 79 89 95 87% A++ 87.8
21st Century 86 82 90 84% A 86.4
Liberty Mutual 79 87 95 78% A 85.3
Farmers Insurance 77 80 80 84% A 80.3
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Data Source: Insure.com Best Car Insurance Companies

Chances are good that you’re overpaying for Tulsa car insurance

Tulsa insurance rates are impacted by many things which can substantially decrease or increase the price of your policy. Simply improving your credit, adding a teenager to your policy, or getting caught speeding may generate price changes resulting in some rates now being more affordable than the competition.

Not only may your risk profile change, but auto insurance companies file new Oklahoma auto insurance rates every year in order to protect their financial rating. Larger than normal claims may result in higher priced premiums, while a better claims history can produce cheaper Tulsa car insurance rates.

To help illustrate this point, the graph below shows a variety of companies that have the cheapest car insurance in Tulsa, OK for a 40-year-old female driver with a good driving record, no prior claims, and excellent credit. When comparing rates based on her current risk profile, USAA quotes the cheapest car insurance rates in Tulsa at $1,439 annually. This is $528 less than the average rate paid by Oklahoma drivers of $1,967. Oklahoma Farmers Union, The Hartford, Safe Auto, and GEICO are the rest of the cheapest Tulsa, OK auto insurance companies.

Now we will give the driver from the first example a chargeable accident, a little lower credit rating, and a speeding ticket. Since every insurance provider has a proprietary method to set policy rates, comparing prices may now present a completely different list of affordable Tulsa car insurance companies as shown below.

State Farm now has the cheapest car insurance in Tulsa, OK with Oklahoma Farmers Union, Liberty Mutual, The Hartford, and Travelers completing the list. This demonstrates why Oklahoma drivers need to perform an extensive rate comparison when trying to find cheap auto insurance rates for used cars.

Rates can be altered by many risk factors and can change without notice, so the most economical option a year ago may now be quite expensive.