The vehicle that needs insurance is probably the biggest factor that determines the availability of the best coverage for infrequent drivers. Vehicles with lower performance, a great safety record, or a low likelihood of liability claims will cost substantially less to insure than higher performance models.
The data below estimates auto insurance premiums for a number of the most budget-friendly vehicles to buy coverage for.
|Make and Model||Estimated Cost for Full Coverage|
|Honda CR-V EX 4WD||$1,169|
|Honda Accord LX-P 4-Dr Sedan||$1,251|
|Ford Edge Limited 2WD||$1,328|
|Jeep Wrangler Unlimited Sport 4WD 4-Dr||$1,393|
|Ford Escape Limited 4WD||$1,396|
|Hyundai Elantra Blue 4-Dr Sedan||$1,400|
|Honda Civic LX 4-Dr Sedan||$1,410|
|Honda Odyssey EX-L W/Rear Entertainment||$1,427|
|Toyota Corolla LE||$1,432|
|Toyota Tacoma X-Runner 2WD||$1,427|
|GMC Sierra SLE Regular Cab 4WD||$1,451|
|Ford Explorer XLT 4WD||$1,458|
|Chevrolet Impala LT||$1,482|
|Volkswagen Jetta S 4-Dr Sedan||$1,490|
|Toyota RAV4 Limited 4WD||$1,482|
|Dodge Grand Caravan Crew||$1,511|
|Jeep Grand Cherokee Laredo 4WD||$1,528|
|Toyota Camry Hybrid||$1,547|
|Ford F-150 Lariat Super Cab 2WD||$1,562|
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Prices based on single male driver age 50, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Oklahoma minimum liability limits. Discounts applied include homeowner, safe-driver, claim-free, multi-policy, and multi-vehicle. Price information does not factor in specific location information which can increase or decrease premium rates noticeably.
Looking at the numbers, we can tell that cars like the Honda CR-V, Honda Accord, Toyota Prius, Ford Edge, and Jeep Wrangler will definitely be the less-costly vehicles to insure for low mileage drivers.
For low mileage drivers, one of the largest considerations that are looked at to determine the amount you pay for auto insurance is where you keep your vehicle in Tulsa. Areas with a lot of weather claims or more people tend to have more expensive auto insurance rates, whereas more rural areas profit from lower rates.
The illustration below rates the priciest cities in Oklahoma for infrequent drivers in which to purchase auto insurance. Tulsa comes in at #1 with an annual rate of $2,282 for the average policy, which is around $190 each month.
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Rate quotes are comparative as the specific Tulsa residence address can lower or raise coverage prices considerably.
The example below shows how choosing a deductible can affect yearly insurance costs when researching cheap insurance for infrequent drivers. The data is based on a single female driver, comp and collision included, and no discounts are factored in.
The chart above illustrates that a 50-year-old driver could pocket $480 a year by switching their comprehensive and collision coverages from a $100 deductible to a $500 deductible, or save $724 by selecting a $1,000 deductible. Even younger drivers, like the 20-year-old, could save up to $1,232 or more by using higher deductibles when buying full coverage.
When raising deductibles, it will be required to have enough savings set aside to pay the extra out-of-pocket expense, which is the main drawback of higher deductibles.
Illustration showing the impact of accidents and violations
In a perfect world, the ideal way to maintain good auto insurance rates for low mileage drivers is to be an attentive driver and avoid traffic citations and accidents. The chart below illustrates how violations and fender-benders can influence car insurance rates for each age group. The rates are based on a single male driver, full coverage, $100 deductibles, and no additional discounts are factored in.
The chart shows that the average cost of an auto insurance policy in Oklahoma per year with no violations or accidents is $3,436. Get one speeding ticket and the average cost surges to $3,872, an increase of $435 each year. Then include two accidents along with the one speeding ticket and the annual cost of auto insurance for infrequent drivers increases to an average of $7,556. That’s an increase of $4,120, or $343 per month, just for not driving responsibly!
Why it’s important to shop around
Oklahoma auto insurance rates are determined by lots of factors that control the price you pay. Turning one year older, buying a home, or getting a speeding ticket may cause policy rate changes that can make some companies more affordable than competitors.
Not only may your risk profile change, but car insurance companies file new Oklahoma car insurance rates every year or even multiple times each year to adjust for heavy claims or excess profits. Unexpectedly high claims may result in higher priced premiums, while lower claims may produce cheaper Tulsa car insurance rates.
As an example, the graph below shows the cheapest car insurance in Tulsa, OK for a 45-year-old male driver with a clean driving record, no accidents, and a good credit history. If we look at prices based on his personal profile, USAA has the most affordable car insurance rates in Tulsa at $1,385 each year. This is $582 less than the average policy premium paid by Oklahoma drivers of $1,967. Oklahoma Farmers Union, The Hartford, GEICO, and Farmers are also on the list of the most affordable Tulsa, OK auto insurance companies.
Now we will pretend the driver from the above example an accident surcharge, a lower credit rating, and a traffic ticket or two. Since each auto insurer has a unique approach for determining prices, analyzing rate quotes will most likely result in a slightly different list of the cheapest companies as shown below.
State Farm now has the cheapest car insurance in Tulsa with Oklahoma Farmers Union, The Hartford, Travelers, and Liberty Mutual now being in the top five. This example shows why Tulsa drivers need to compare lots of rates when trying to find the cheapest auto insurance quotes for infrequent drivers.
Car insurance prices are influenced by many factors and can change without notice, so the most economical company six months ago may now be wasting a lot of money.
The auto insurance agents in Tulsa shown below can probably help you determine which coverages and limits you need, as some drivers wish to have some advice when comparing insurance rates for low mileage drivers. It can be complicated to find the cheapest rate yourself, and getting advice from a licensed Oklahoma insurance agent can provide you satisfaction knowing you have adequate asset protection. To find a Tulsa insurance agent in your neighborhood, click the button after the list.
Dustin Bass – State Farm Insurance Agent
8222 S Lewis Ave – Tulsa, OK 74137 – (918) 518-6700
Sawyer-Phillips and Associates, Inc.
6666 S Sheridan Rd #220 – Tulsa, OK 74133 – (918) 794-4000
Cheapest Auto Insurance
2646 E 15th St – Tulsa, OK 74104 – (918) 744-5145