It would sure make life easier if we could simply give you the name of the one best car insurance company that has the most affordable coverage in Oklahoma. Unfortunately, it’s just not that easy, as there are a whole bunch of unknown elements such as if you own or rent your home, if you need full coverage or just liability, and what coverage limits you want. We are going to cover the best ways to pay less and also should give you a good start to your coverage search.
The vehicle requiring coverage is a large consideration when looking for the cheapest coverage for retired military. Vehicles with limited speed and performance, good crash test ratings, or low incidents of liability claims will cost quite a bit less to insure than fast, unsafe models. The next table estimates coverage rates for a handful of the cheapest vehicles to insure in Oklahoma.
| Vehicle Insured | Estimated Cost for Full Coverage |
|---|---|
| Honda CR-V EX-L 2WD | $1,111 |
| Jeep Wrangler Sport 4WD 2-Dr | $1,123 |
| Ford Escape XLT 2WD | $1,189 |
| Hyundai Elantra GLS Touring Station Wagon | $1,194 |
| Honda Accord LX 4-Dr Sedan | $1,189 |
| Toyota Prius | $1,205 |
| Toyota Tacoma 2WD | $1,262 |
| Chevrolet Impala LT | $1,287 |
| Honda Odyssey LX | $1,304 |
| Ford F-150 XL Regular Cab 4WD | $1,332 |
| Nissan Altima 2.5 S 4-Dr Sedan | $1,356 |
| Chevrolet Equinox LTZ AWD | $1,379 |
| Dodge Grand Caravan SE | $1,381 |
| Hyundai Sonata GLS 4-Dr Sedan | $1,391 |
| Volkswagen Jetta S 4-Dr Sedan | $1,410 |
| Toyota RAV4 Sport 2WD | $1,416 |
| Chevrolet Malibu Hybrid | $1,410 |
| Ford Edge Limited 2WD | $1,417 |
| Jeep Grand Cherokee Laredo 2WD | $1,450 |
| Ford Focus SEL 4-Dr Sedan | $1,459 |
| Ford Fusion SEL AWD 4-Dr Sedan | $1,473 |
| Toyota Camry Hybrid | $1,483 |
| Ford Explorer Eddie Bauer 4WD | $1,482 |
| Compare Cheap Rates Go | |
Cost estimates assume single male driver age 50, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Oklahoma minimum liability limits. Discounts applied include safe-driver, homeowner, claim-free, multi-vehicle, and multi-policy. Price estimates do not factor in vehicle garaging location which can modify prices considerably.
Looking at the rates, you can conclude that cars like the Honda CR-V, Jeep Wrangler, Ford Escape, Hyundai Elantra, and Honda Accord should be some of the most budget-friendly vehicles to insure for veterans.
Deciding which insurers offer the best auto insurance rates for retired military takes more time than just picking a company at random. Every insurance company used slightly different criteria to set policy rates, so to begin we’ll rank the lowest cost auto insurance companies in Tulsa, OK.
We do need to point out that Tulsa auto insurance rates are determined by lots of factors which can significantly increase or decrease the price of coverage. Simply getting older, having a teen driver, or getting into an accident can trigger changes in premium resulting in some companies being cheaper than competitors.
Lowest Insurance Price Quotes for Vets
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | USAA | $1,161 |
| 2 | Oklahoma Farmers Union | $1,190 |
| 3 | The Hartford | $1,319 |
| 4 | Safe Auto | $1,363 |
| 5 | GEICO | $1,381 |
| 6 | Farmers | $1,436 |
| 7 | State Farm | $1,568 |
| 8 | Liberty Mutual | $1,816 |
| 9 | Travelers | $1,906 |
| 10 | OK Farm Bureau | $2,018 |
| 11 | Mercury | $2,033 |
| 12 | Shelter | $2,108 |
| 13 | Progressive | $2,179 |
| 14 | Home State | $2,193 |
| 15 | MetLife | $2,235 |
| 16 | Allstate | $2,400 |
| 17 | Safeco | $5,209 |
| Find Your Rate Go | ||
USAA generally has some of the lowest car insurance rates in Tulsa at around $1,161 a year. This is $806 less than the average price paid by Oklahoma drivers of $1,967. Oklahoma Farmers Union, The Hartford, Safe Auto, and GEICO also are some of the best Tulsa, OK insurance companies.
In the above rates, if you are currently insured with The Hartford and switched to USAA, you may see savings of in the neighborhood of $158. Insureds with Safe Auto may save as much as $202 a year, and GEICO customers might reduce rates by $220 a year.
To discover how much you can save, click here to start a quote or click several companies below for low rates.
Bear in mind that those rates are averaged for all types of insureds and vehicles and and are not figured with an exact vehicle garaging location for retired military. So the insurer that can offer the best rates for your situation may not even be in the list above. That underscores the importance of why you need to compare as many prices as possible using your own individual information.
Types of discounts on Tulsa auto insurance
Insurance providers that sell policies for retired military may also give you rate discounts that may potentially lower prices by 35% or more if you meet eligibility requirements. A list of auto insurance companies and a summarized list of policyholder discounts are outlined below.
- State Farm may offer discounts for passive restraint, anti-theft, good driver, defensive driving training, and multiple autos.
- Progressive includes discounts for multi-vehicle, multi-policy, good student, online signing, and continuous coverage.
- Progressive offers discounts including online signing, online quote discount, continuous coverage, good student, multi-vehicle, multi-policy, and homeowner.
- MetLife discounts include defensive driver, multi-policy, good student, claim-free, accident-free, and good driver.
- Farm Bureau has discounts for driver training, renewal discount, good student, multi-vehicle, and safe driver.
- GEICO may have discounts that include membership and employees, emergency military deployment, seat belt use, federal employee, anti-lock brakes, multi-policy, and defensive driver.
- SAFECO offers discounts for teen safe driver, anti-lock brakes, homeowner, teen safety rewards, and bundle discounts.
The information below shows the difference between insurance prices with and without discounts applied to the policy rates. The rates are based on a female driver, no tickets, no at-fault accidents, Oklahoma state minimum liability limits, full physical damage coverage, and $1,000 deductibles.
The first bar for each age group shows the average rate with no discounts. The second shows the rates with multiple vehicle, claim-free, accident-free, anti-theft, vehicle safety, and safe-driver discounts applied. When discounts are factored in, theamount saved on auto insurance for retired military is 28% or $673.
Comparison of full coverage and liability-only policies
Finding the cheapest auto insurance is important to most people, and an effective way to pay less for insurance for retired military is to not pay for full coverage. The diagram below illustrates the difference between insurance prices when comparing full coverage to liability only. The data assumes no driving violations, no at-fault accidents, $100 deductibles, marital status is single, and no other discounts are factored in.
If averaged out across all ages, physical damage coverage costs $3,498 per year over having just liability coverage. That is a significant amount which raises the question when is the right time to remove full coverage. There is no set rule to stop buying full coverage on your policy, but there is a guideline you can consider. If the yearly cost of full coverage is 10% or more of the replacement cost minus the deductible, then you might consider buying liability only.
Why are you paying too much for car insurance?
Tulsa auto insurance rates are based on many factors which can substantially change the price of your policy. Improving your credit rating, buying higher coverage limits, or getting a couple of tickets can trigger rate changes resulting in some companies being cheaper in comparison to the competition.
Not only may things change on your end, but insurance companies modify pricing as needed to help ensure profitability. Heavy losses may result in high rates, while long-term profits may produce cheaper Tulsa car insurance rates.
As an example, the graph below shows rates for the cheapest car insurance in Tulsa, OK for a 30-year-old male driver with no accidents, a clean driving record, and solid credit. If we look at prices based on his current rating profile, USAA has the best car insurance rates in Tulsa at $1,364 a year. This is $603 less than the average policy premium paid by Oklahoma drivers of $1,967. Oklahoma Farmers Union, The Hartford, Farmers, and GEICO are the remainder of the best Tulsa, OK auto insurance companies.
The chart below compares rates after we give the driver in the first chart a claim, poor credit, and a few blemishes on his driving record. Since each auto insurer has their own guidelines for filing rates in each state, getting updated rate quotes may now result in a substantially altered list of affordable Tulsa car insurance companies as shown below.
State Farm now has the best price in Tulsa with Oklahoma Farmers Union, Liberty Mutual, Travelers, and Farmers also being competitive. This example illustrates why it is crucial to spend some time comparing rates when trying to get the cheapest car insurance rates for retired military. Insurance prices are impacted by many factors and change substantially, so the best option three years ago may now be costing you a lot of money.
How to find economical car insurance for retired military
Below you’ll find some of the recommended money-saving suggestions that can help you quote lower-cost car insurance.
- Drive safe vehicles
- Violations like speeding or DUI increase rates
- Insure your home and auto with the same company
- Save money by staying claim-free
- Avoid accidents and claims
- Save money by only buying liability coverage for older vehicles
- Comparison shop at least once a year
The last idea is notably significant, as was emphasized in this write-up. Auto insurance prices in Tulsa can be modified anytime, so drivers shouldn’t hesitate to buy a different policy if a cheaper rate is available.
Having brand loyalty is commendable, but we do not recommend it if it’s costing you major coinage every year. If you have a few minutes, shop around and find cheaper insurance for retired military.
If you aren’t sure which coverage to buy and prefer to have some advice when trying to find lower insurance rates for retired military, the agents below can help you decide which insurance coverage you need.
To locate a Tulsa insurance agent close to where you live, click the button after the list.
Allstate Insurance: David D’Arcangelo
4502 E 51st St – Tulsa, OK 74135 – (918) 858-5000
EZ Insurance Agency
1207 S Memorial Dr – Tulsa, OK 74112 – (918) 794-3220
Brian Cannon – State Farm Insurance Agent
11320 E 32nd St – Tulsa, OK 74146 – (918) 627-0977
Jake Phillip – State Farm Insurance Agent
5113 S Peoria Ave – Tulsa, OK 74105 – (918) 743-5501
Bracken Insurance Agency
9717 E 42nd St, Suite 105 – Tulsa, OK 74146 – (918) 744-4440