The vehicle model to be insured is one of the biggest factors that determines if you can find the lowest-priced insurance for felons. Vehicles with lots of speed or power, a lack of advanced safety features, or an increased likelihood of liability claims will cost significantly more to insure than safer, lower-performance models.
The table below features insurance rates for a handful of the most budget-friendly automobiles to insure in Oklahoma.
|Vehicle Insured||Estimated Cost for Full Coverage|
|Honda CR-V EX-L 4WD||$1,078|
|Ford Escape XLT 2WD||$1,149|
|Hyundai Elantra GLS Touring Station Wagon||$1,159|
|Ford Edge SE 2WD||$1,156|
|Honda Odyssey EX||$1,221|
|Nissan Altima 2.5 4-Dr Sedan||$1,246|
|Toyota RAV4 Limited 2WD||$1,251|
|Jeep Grand Cherokee Laredo 2WD||$1,246|
|Ford F-150 SVT Raptor Super Cab 4WD||$1,271|
|Dodge Grand Caravan SXT||$1,277|
|Honda Civic DX 4-Dr Sedan||$1,332|
|GMC Sierra 2500HD SLE Regular Cab 4WD||$1,337|
|Volkswagen Jetta 2.0T 4-Dr Sedan||$1,345|
|Chevrolet Malibu LTZ||$1,337|
|Ford Focus SE 4-Dr Sedan||$1,364|
|Chevrolet Impala LT||$1,397|
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Data variables include married male driver age 40, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Oklahoma minimum liability limits. Discounts applied include claim-free, multi-vehicle, safe-driver, homeowner, and multi-policy. Price estimates do not factor in specific location information which can affect price quotes noticeably.
Based upon the rates shown, we can tell that cars like the Honda CR-V, Ford Escape, Hyundai Elantra, Ford Edge, and Toyota Prius are going to be the more affordable vehicles to insure for felons.
One of the many considerations that aid in calculating the annual cost of car insurance is where you keep your vehicle. Regions with larger populations or more claims are more likely to pay higher prices, whereas areas with less congestion tend to receive cheaper rates.
The following table ranks the most costly cities in Oklahoma for felons to buy an auto insurance policy in. Tulsa is listed at #1 with an annual rate of $2,259 for the average insured, which is approximately $188 each month.
|Rank||City||Average Per Year|
|Quote Best Rates Go|
Table data uses estimated as the specific geographic location can alter prices substantially.
Finding low-cost auto insurance is difficult, and determining which companies quote the cheapest auto insurance rates for felons takes even more perseverance.
Each insurance company uses a little different formula for determining prices, so let’s begin by examining the lowest cost auto insurance companies in Tulsa, OK.
Lowest Insurance Price Quotes for Felons
|Rank||Company||Cost Per Year|
|2||Oklahoma Farmers Union||$1,202|
|11||OK Farm Bureau||$2,018|
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USAA quotes some of the best car insurance rates in Tulsa at around $1,161 per year. Oklahoma Farmers Union, GEICO, The Hartford, and Farmers also make the cut as some of the lowest-priced Tulsa, OK auto insurance companies.
As the rates illustrate above, if you are insured with GEICO and switched to USAA, you may see an annual premium reduction of approximately $192. Customers with The Hartford may save as much as $212 a year, and Farmers policyholders might reduce rates by $233 a year.
Remember that these prices are averages across all types of insureds and vehicles and and are not calculated with an exact location for felons. So the company that is best for you may not even be in the top 17 companies shown above. That points out the importance of why you need to compare rates from as many companies as possible using your own driver information and specific vehicle type.
Discount Tulsa car insurance
Insurance companies that offer cheap quotes for felons may also give you special discounts that could reduce prices by 25% or more if you can meet the requirements. Large auto insurance companies and some of their more popular discounts are:
- GEICO may include discounts for military active duty, federal employee, multi-vehicle, anti-lock brakes, air bags, and daytime running lights.
- MetLife offers premium reductions for accident-free, multi-policy, defensive driver, good student, good driver, and claim-free.
- Progressive discounts include multi-vehicle, homeowner, continuous coverage, good student, and multi-policy.
- Travelers policyholders can earn discounts including IntelliDrive, driver training, student away at school, multi-car, early quote, and save driver.
- SAFECO may have discounts that include multi-car, drive less, accident prevention training, homeowner, and anti-lock brakes.
- AAA offers discounts for education and occupation, multi-car, AAA membership discount, good student, and multi-policy.
The diagram below illustrates the difference between yearly insurance costs with and without discounts applied to the rates. The premiums are based on a female driver, a clean driving record, no claims, Oklahoma state minimum liability limits, full coverage, and $1,000 deductibles. The first bar for each age group shows the average annual price with no discounts. The second shows the rates with homeowner, safe-driver, accident-free, multiple policy, marriage, and anti-theft discounts applied. When discounts are factored in, the average amount saved each year on auto insurance for felons is 28% or $499.
Liability rates compared to full coverage
Finding the cheapest auto insurance is the goal of most drivers, and one good way to find cheaper insurance for felons is to not buy full coverage. The information below compares premium costs with full coverage and liability only. The rates are based on no violations or claims, $100 deductibles, single status, and no discounts are taken into consideration.
As an overall average, physical damage coverage costs an extra $3,436 per year over and above liability coverage. Many drivers may wonder if buying full coverage is worth the money. There is no clear-cut rule for excluding physical damage coverage, but there is a guideline you can consider. If the yearly cost of full coverage is about 10% or more of the settlement you would receive from your company, then you might want to think about dropping full coverage.
For example, let’s pretend your vehicle’s claim settlement value is $8,000 and you have $1,000 full coverage deductibles. If your vehicle is severely damaged, the most your company will settle for is $7,000 after the deductible is paid. If premiums are more than $700 annually for physical damage coverage, then you may need to consider dropping full coverage.
Your cheap policy may actually be overpriced
Oklahoma auto insurance rates are determined by lots of factors that will increase or decrease the price you have to pay for coverage. Simply having a birthday, moving to a new city, or getting into an accident may cause policy rate changes that can cause some rates to be more affordable than competitors.
In addition to those changes, car insurance companies modify pricing as often as every three months in order to protect their financial rating. Significantly higher losses can cause price increases, while a profitable period may result in cheaper Tulsa car insurance rates.
As an example, the chart below demonstrates which company has the cheapest car insurance in Tulsa, OK for a 30-year-old male driver with a clean driving record, no accidents, and good financial standing. If we compare prices based on his current risk profile, USAA offers the cheapest car insurance rates in Tulsa at $1,456 annually. This is $511 less than the average policy premium paid by Oklahoma drivers of $1,967. Oklahoma Farmers Union, GEICO, The Hartford, and Safe Auto are also on the list of the top five cheapest Tulsa, OK auto insurance companies.
In this example, we will give the driver from the first rate comparison a couple of claims, less-than-perfect credit, and a speeding ticket. Since every insurance provider has a unique formula for establishing rates, comparing quotes will most likely result in a slightly different list of the cheapest car insurance companies in Tulsa as shown below.
State Farm now has the lowest price on auto insurance in Tulsa with Oklahoma Farmers Union, Liberty Mutual, The Hartford, and Travelers now rounding out the top five. This shows why drivers need to take the time to shop around to find the best insurance rates for felons. Car insurance prices are influenced by many things and change dramatically, so the most economical company a year ago may now be quite expensive.
The Tulsa car insurance agencies listed below are a good start to help you determine which coverages and limits you need, since some people have coverage questions and would like to have a consultation when shopping around for cheaper insurance for felons. It’s not always simple to find the cheapest car insurance policy, and insurance agents can give peace of mind knowing your coverage gives you adequate coverage when you need it most.
To locate a Tulsa auto insurance agent by location nearest to you, click the link after the list or click here to get price quotes now.
State Farm: Anita Ewing –
10021 S Yale Ave #102 – Tulsa, OK 74137 – (918) 298-2100
GDK Insurance Agency, Inc.
3908 E 31st St – Tulsa, OK 74135 – (918) 742-5861
Mclemore Insurance Inc
6965 S 69th E Ave – Tulsa, OK 74133 – (918) 743-9868
How to find budget-friendly car insurance for felons
The list below details a few money-saving ideas that can help you buy low-cost coverage.
- Get cheaper liability coverage by choosing a safer vehicle
- Earn a discount by not filing claims
- Drop full coverage on older vehicles
- Drive safely
- Prevent price hikes by avoiding at-fault accidents
- Bundle car and home insurance and save money
- Compare quotes from other companies often
That last tip is extraordinarily important, as we hit on in the article above. Prices charged by car insurance companies fluctuate considerably, so drivers shouldn’t be resistant to buy from a different company if a better rate can be found.
Staying with the same company for years is fine, but is isn’t recommended if that loyalty ends up costing a small fortune. Take a few minutes and compare prices to find cheaper auto insurance for felons in Tulsa.