Buying low-cost car insurance is not easy, and finding out which companies quote the best insurance rates for 20 year old women may require even more rate comparisons.
Every car insurance company uses a little different formula for determining rates, so we’ll take a look at the most competitive insurance companies in Tulsa. It’s a good idea to know that Tulsa, OK insurance rates are influenced by many factors that will increase or decrease the price of your policy. Simply having a birthday, increasing liability limits, or getting a reckless driving citation may generate price changes that can now make some companies more expensive than competitors.
Best Insurance Companies for Women Age 20
|Rank||Company||Cost Per Year|
|1||Oklahoma Farmers Union||$1,154|
|11||OK Farm Bureau||$2,018|
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Oklahoma Farmers Union generally has some of the lowest car insurance rates in Tulsa at around $1,154 annually. USAA, The Hartford, Safe Auto, and Farmers also make the cut as some of the cheapest Tulsa, OK auto insurance companies.
As shown above, if you have coverage with Farmers and switched to USAA, you might see yearly savings of around $233. Customers with GEICO might save as much as $233 a year, and State Farm customers might realize rate reductions of up to $422 a year.
Bear in mind that those policy prices are averaged across all drivers and vehicles and and are not figured with an exact zip code location for 20 year old women. So the auto insurance company that fits you best may not even be in the top 17 companies in the list above. That is why you need to compare rates from multiple companies using your own driver data and vehicle information.
The type of vehicle you are trying to insure is a large factor that determines whether or not you find the most economical coverage for 20 year old women. Vehicles with lots of horsepower, poor safety features, or a track record of large liability claims will cost much more to insure than more modest models. The list below showcases car insurance premiums for a handful of the most affordable automobiles to buy coverage for.
|Insured Vehicle||Estimated Cost for Full Coverage|
|Honda Accord EX 4-Dr Sedan||$2,688|
|Honda CR-V EX-L 4WD||$2,728|
|Ford Escape XLT 4WD||$2,734|
|Ford Explorer XLT 4WD||$3,017|
|Volkswagen Jetta SE 2.5 Station Wagon||$3,112|
|Ford Edge Limited 2WD||$3,147|
|Chevrolet Equinox LT AWD||$3,187|
|Chevrolet Malibu LS||$3,197|
|Chevrolet Impala LT||$3,187|
|Toyota Camry LE||$3,193|
|Toyota RAV4 2WD||$3,187|
|Ford F-150 FX4 Super Cab 4WD||$3,227|
|Toyota Tacoma Double Cab TRD Off-Road Package 4WD||$3,237|
|Dodge Grand Caravan Crew||$3,227|
|Dodge Ram 3500 Crew Cab Laramie 2WD||$3,232|
|Dodge Ram Quad Cab ST 2WD||$3,263|
|Ford Focus SES 4-Dr Sedan||$3,320|
|Hyundai Elantra Blue 4-Dr Sedan||$3,325|
|Honda Civic LX-S 4-Dr Sedan||$3,320|
|Toyota Corolla LE||$3,360|
|Honda Odyssey EX-L W/Navigation||$3,370|
|Jeep Grand Cherokee Limited 2WD||$3,400|
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Data assumes single female driver age 20, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Oklahoma minimum liability limits. Discounts applied include safe-driver, and claim-free. Premium costs do not factor in zip code location which can increase or decrease insurance rates greatly.
Looking at the numbers, you can see that vehicles like the Honda Accord, Honda CR-V, and Ford Escape are going to be the cheaper vehicles to insure for young women. The cost of auto insurance will tend to be more expensive anyway just due to the fact that there is more exposure for 20 year old women, but in general those models will have the least expensive rates compared to other vehicles.
The example below illustrates how your choice of deductibles can influence insurance costs when getting quotes for cheap insurance for 20 year old women. The premium estimates are based on a single female driver, comprehensive and collision coverage, and no additional discounts are factored in.
In the chart above, a 30-year-old driver could save $406 a year by switching their comprehensive and collision coverages from a $100 deductible to a $500 deductible, or save $616 by choosing a $1,000 deductible. Youthful drivers, such as the 20-year-old example, have the ability to save as much as $902 every year by choosing a larger deductible amount. When choosing a higher deductible, it is necessary to have enough savings to offset the extra out-of-pocket expense, which is the one disadvantage of using larger deductibles.
Tickets and at-fault accidents raise rates
The recommended way to maintain low insurance prices for young women is to be a cautious driver and avoid accidents and violations. The chart below shows how traffic citations and at-fault accidents influence auto insurance costs for different insured age categories. Data assumes a single female driver, comp and collision included, $1,000 deductibles, and no additional discounts are factored in.
In the prior example, the average cost of an auto insurance policy in Tulsa per year with a clean driving record and no accidents is $2,389. Receive two speeding tickets and the average cost jumps to $3,186, an increase of $797 each year. Now include two accidents along with the two speeding tickets and the yearly cost of insurance for 20 year old women goes up to an average of $6,535. That’s an increase of $4,146, or $346 per month, just for a couple of infractions!
What is the best insurance company in Oklahoma?
Buying coverage from the highest-rated insurance provider can be challenging considering how many companies sell insurance in Tulsa. The company information shown below can help you analyze which car insurance companies to look at when comparing insurance rates for 20 year old women.
The rankings below are only comprised of large, nationwide insurance companies, so companies without a large exposure are not taken into consideration for these rankings. To compare price quotes from the most competitive companies in Oklahoma, click here.
|Company||Value||Customer Service||Claims||Customer Satisfaction||A.M Best Rating||Overall Score|
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Data Source: Insure.com Best Car Insurance Companies