For hybrids, one of the largest things that aid in calculating the amount you pay each year for auto insurance is where you choose to live. More densely populated places are more likely to pay higher prices, whereas areas with fewer weather claims and lower vehicle theft rates have the benefit of cheaper auto insurance prices.
The next table ranks the most expensive cities in Oklahoma for hybrid vehicles to buy an auto insurance policy in. Tulsa comes in at #1 with an annual cost of $2,259 for the average insured, which is approximately $188 per month.
|Rank||City||Premium Per Year|
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Rate information is estimated as the specific Tulsa residence address can increase or decrease price quotes greatly.
The type of vehicle needing coverage is one of the biggest factors when shopping for economical insurance for hybrid vehicles. Vehicles with higher performance characteristics, poor passenger safety features, or high incidents of liability claims will cost significantly more to insure than more economical and safe models. The information below illustrates coverage prices for some of the more affordable automobiles to insure in Oklahoma.
|Insured Vehicle||Estimated Cost for Full Coverage|
|Ford Edge SE 2WD||$1,135|
|Ford F-150 XL Super Cab 2WD||$1,141|
|Ford Escape XLT 2WD||$1,155|
|Honda CR-V EX-L 2WD||$1,187|
|Toyota Tacoma 2WD||$1,197|
|Chevrolet Impala LS||$1,204|
|Nissan Altima 2.5 4-Dr Sedan||$1,222|
|Toyota RAV4 Sport 4WD||$1,231|
|Volkswagen Jetta S 2.5 Station Wagon||$1,224|
|Honda Accord EX-L 4-Dr Sedan||$1,229|
|Toyota Camry SE||$1,286|
|Toyota Corolla LE||$1,292|
|Hyundai Sonata GLS 4-Dr Sedan||$1,306|
|Kia Optima LX||$1,311|
|Chevrolet Malibu LTZ||$1,311|
|Chevrolet Equinox LS AWD||$1,333|
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Data rating is based on married male driver age 50, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Oklahoma minimum liability limits. Discounts applied include claim-free, homeowner, safe-driver, multi-policy, and multi-vehicle. Estimates do not factor in specific zip code location which can change coverage rates considerably.
Looking at the numbers, we can expect makes and models like the Ford Edge, Ford F-150, and Ford Escape will definitely be some of the less-costly vehicles to insure for hybrids.
Finding out which companies offer the most affordable insurance rates for hybrid vehicles will require a bit more effort in order to find the lowest price quote. Every insurance provider uses their own formula for determining rates, so we need to take a look at the insurance companies with the overall best prices in Tulsa.
It’s a good idea to be aware that Oklahoma insurance rates are calculated based on many things that can increase the policy price. Improving your credit rating, increasing liability limits, or getting a ticket for careless driving may generate price changes that can make some companies more affordable than others.
Find Cheaper Auto Insurance for Hybrids
|Rank||Company||Cost Per Year|
|2||Oklahoma Farmers Union||$1,202|
|11||OK Farm Bureau||$2,058|
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USAA quotes some of the lowest car insurance rates in Tulsa at around $1,150 each year. This is $817 less than the average rate paid by Oklahoma drivers of $1,967. Oklahoma Farmers Union, The Hartford, Safe Auto, and GEICO also make the cut as some of the cheaper Tulsa, OK car insurance companies.
As illustrated above, if you currently have coverage with The Hartford and switched to USAA, you may realize savings of in the neighborhood of $209. Oklahoma drivers with Safe Auto might save as much as $227 a year, and GEICO insureds might reduce rates by $231 a year.
To find the cheapest coverage for you, click here to get a free quote or click several companies below for low rates.
Remember that these premium estimates are averaged across all insureds and vehicles and do not factor in an exact location for hybrid vehicles. So the company that fits you best may not even be in the list above. That is why you need to get car insurance quotes using your own driver data and vehicle information.
Discounts on Tulsa auto insurance rates
Auto insurance companies that offer quotes for hybrid vehicles may also offer premium discounts that can lower rates by 25% or more if you are eligible for them. A list of insurance companies and a partial list of their discounts include:
- AAA offers discounts for good driver, pay-in-full, education and occupation, AAA membership discount, good student, and multi-car.
- Progressive may include discounts for multi-vehicle, good student, continuous coverage, multi-policy, and online quote discount.
- State Farm may offer discounts for defensive driving training, good student, passive restraint, anti-theft, and multiple policy.
- Esurance policyholders can earn discounts including paid-in-full, anti-lock brakes, claim free, defensive driver, and good driver.
- Nationwide includes discounts for defensive driving, business or organization, Farm Bureau membership, good student, and anti-theft.
The chart below compares insurance costs with and without discounts applied. The costs are based on a female driver, no violations or claims, Oklahoma state minimum liability limits, comprehensive and collision coverage, and $1,000 deductibles.
The first bar for each age group shows the average annual price with no discounts. The lower bar shows the rates with multiple policy, safe-driver, marriage, passive restraint, homeowner, and vehicle safety discounts applied. When these discounts are applied, the average savings per year on insurance for hybrid vehicles is 28% or $680.
How careless driving impacts Tulsa insurance rates
In a perfect world, the ideal way to earn cheap insurance premiums in Oklahoma for hybrids is to be a careful driver and avoid getting tickets or having accidents. The information below shows how traffic citations and at-fault claims can drive up insurance costs for each different age group. The rate quotes are based on a married male driver, full physical damage coverage, $1,000 deductibles, and no policy discounts are applied.
In the example above, the average cost of auto insurance in Oklahoma per year with a clean driving record and no accidents is $2,153. Add in two speeding tickets and the average cost surges to $2,962, an increase of $809 each year. Now get one accident along with the two speeding tickets and the yearly cost of insurance for hybrid vehicles increases to an average of $3,790. That’s an increase of $1,636, or $136 per month, just for not maintaining a clean driving record!
Why are you paying too much for car insurance?
Tulsa insurance rates are calculated based on many things which can substantially change the price of coverage. Turning one year older, buying a different home, or getting a reckless driving citation can produce rate changes that can now make some companies more affordable than the competition.
Not only may things change on your end, but insurers change rates multiple times each year to reflect underwriting profits or losses. Heavy losses may cause increased policy costs, while lower claim expenses may cause cheaper Tulsa car insurance rates.
To illustrate this example, the chart below shows the companies that have the cheapest car insurance in Tulsa, OK for a 45-year-old male driver with a good driving record, no prior claims, and a good credit history. If we compare prices based on his current situation, USAA may have the most affordable car insurance rates in Tulsa at $1,427 annually. This is $540 less than the average rate paid by Oklahoma drivers of $1,967. Oklahoma Farmers Union, GEICO, The Hartford, and Farmers are the remainder of the best Tulsa, OK auto insurance companies.
Let’s now give the driver from the first set of rates a claim or two, a lower credit score, and a stop sign violation. Because each insurer has a different formula for determining rates, comparing prices could result in a completely different list of cheap Tulsa auto insurance companies as shown below.
State Farm now has the best insurance rate in Tulsa with Oklahoma Farmers Union, Liberty Mutual, The Hartford, and Farmers also having competitive pricing. This illustrates why it is important to do a thorough rate comparison when trying to get cheap car insurance quotes for hybrid vehicles. Insurance rates are influenced by many factors and change substantially, so the most economical company the last time you shopped your coverage around may now be one of the higher cost companies.
How to find the cheapest auto insurance for hybrid vehicles
Here are a few thrifty suggestions that can help Tulsa drivers find cheaper car insurance.
- Assess whether full coverage is needed
- Drivers with good credit ratings often pay less
- Safe vehicles cost less to insure
- Multi-policy discounts save money
- Do not get into accidents
- Compare rates regularly and switch companies to save money
The last idea is very critical, as was stressed in this article. Auto insurance rates in Tulsa change frequently, so don’t be tentative to buy a different policy if a lower price can be found.
Loyalty to a specific company is fine, but it’s not recommended if that faithfulness ends up costing you money that could be used for better things. Now is a great time to shop around to find cheaper auto insurance for hybrid vehicles.