If saving the most money is your goal, then the best way to get budget auto insurance rates in Tulsa is to compare prices at least once a year from insurers who sell auto insurance in Oklahoma.
Step 1: Learn about how your policy works and the measures you can control to prevent rate increases. Many rating factors that result in higher rates like multiple speeding tickets and bad credit can be rectified by making minor changes to your lifestyle. This article provides more information to get affordable coverage and find available discounts that you may qualify for.
Step 2: Compare rates from independent agents, exclusive agents, and direct companies. Exclusive and direct companies can only quote rates from one company like Progressive or Allstate, while independent agents can quote prices from multiple sources.
Step 3: Compare the new rates to your current policy to determine if switching companies saves money. If you find a better price and switch companies, make sure there is no lapse between the expiration of your current policy and the new one.
Step 4: Notify your company or agent to cancel your current auto insurance policy and submit a down payment along with a completed application to your new company or agent. As soon as coverage is bound, put the new proof of insurance paperwork with your vehicle's registration.
The most important part of shopping around is to use the same liability limits and deductibles on every quote and and to get prices from every company you can. This enables a level playing field and a thorough selection of prices.
It goes without saying that car insurance companies don't want policyholders to compare prices from other companies. Insureds who shop around are likely to switch auto insurance companies because there are good odds of finding lower prices. A recent study showed that drivers who made a habit of comparing rates saved approximately $865 annually as compared to drivers who don't regularly compare prices.
If finding the cheapest price on Toyota Tundra insurance in Tulsa is your ultimate target, then knowing the best way to compare insurance premiums can help you succeed in finding affordable rates.
Cheaper rates with these discounts on Toyota Tundra insurance in Tulsa
Car insurance is expensive, but there could be available discounts to help offset the cost. A few discounts will automatically apply at the time of quoting, but occasionally some discounts must be specifically requested before you will receive the discount.
- Multi-line Discount - Car insurance companies who offer life insurance give better car insurance rates if you take out a life insurance policy as well.
- Sign Online - A handful of car insurance companies give back up to $50 for buying your policy on their website.
- Early Renewal Discounts - A few companies allow discounts for buying a new policy prior to your current Tundra insurance policy expiring. This can save 10% or more.
- No Claim Discounts - Tulsa drivers who stay claim-free are rewarded with significantly better rates on Tulsa auto insurance quote as opposed to accident-prone drivers.
- Discount for Low Mileage - Low annual miles can qualify you for substantially lower premium rates.
- Anti-lock Brake System - Cars, trucks, and SUVs equipped with ABS or steering control have fewer accidents so companies give up to a 10% discount.
- Multiple Cars - Buying a policy with multiple cars or trucks on one policy can reduce rates for all insured vehicles.
While discounts sound great, it's important to understand that most discounts do not apply to all coverage premiums. Most cut specific coverage prices like liability and collision coverage. So when the math indicates all those discounts means the company will pay you, that's just not realistic.
The illustration below illustrates the difference between Toyota Tundra insurance costs with and without some available policy discounts. The rate quotes are based on a female driver, no claims or violations, Oklahoma state minimum liability limits, comprehensive and collision coverage, and $500 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with claim-free, safe-driver, marriage, homeowner, multi-policy, and multi-car discounts applied.
Larger car insurance companies and a selection of discounts are shown below.
- GEICO may offer discounts for daytime running lights, federal employee, defensive driver, anti-theft, good student, and anti-lock brakes.
- MetLife includes discounts for multi-policy, good driver, accident-free, claim-free, good student, and defensive driver.
- Progressive offers discounts including multi-vehicle, good student, online quote discount, homeowner, and multi-policy.
- Travelers may have discounts that include new car, student away at school, payment discounts, save driver, IntelliDrive, and multi-car.
- SAFECO has discounts for bundle discounts, homeowner, multi-car, anti-lock brakes, drive less, safe driver, and teen safe driver.
- AAA has savings for multi-car, good student, multi-policy, AAA membership discount, pay-in-full, education and occupation, and good driver.
Double check with every prospective company how many discounts you can get. Savings might not be offered on policies in Tulsa. If you would like to see a list of car insurance companies that offer multiple discounts in Oklahoma, click this link.
Most major insurance companies such as State Farm and Allstate provide prices for coverage direct online. Obtaining pricing for Toyota Tundra insurance in Tulsa is quite simple as you simply type in the coverage amounts you desire on the page. After you complete the form, their quoting system pulls reports for credit and driving violations and returns a price quote based on many factors. Being able to quote online for Toyota Tundra insurance in Tulsa makes it easy to compare insurance prices and it is imperative to perform this step if you want to find the lowest payment possible.
In order to find out how much you're overpaying now, compare rates from the companies below. If you have your current policy handy, we recommend you input your coverages just like they are on your policy. This guarantees you will have a rate comparison using the exact same coverages.
The following companies provide free quotes in Oklahoma. To buy cheap auto insurance in Tulsa, we suggest you visit as many as you can to get the most affordable price.
Rates and statistics
The premium information below highlights different insurance costs for Toyota Tundra models. Having knowledge of how car insurance prices are determined can be of help when making informed decisions when shopping around for a new policy.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Tundra Regular Cab 2WD||$212||$380||$532||$32||$160||$1,316||$110|
|Tundra SR/5 Double Cab 2WD||$242||$462||$532||$32||$160||$1,428||$119|
|Tundra SR/5 Crew Max 2WD||$242||$462||$532||$32||$160||$1,428||$119|
|Tundra Regular Cab 4WD||$274||$462||$532||$32||$160||$1,460||$122|
|Tundra Double Cab 4WD||$274||$462||$532||$32||$160||$1,460||$122|
|Tundra SR/5 Double Cab 4WD||$274||$462||$532||$32||$160||$1,460||$122|
|Tundra Limited Double Cab 2WD||$274||$544||$532||$32||$160||$1,542||$129|
|Tundra Limited Crew MAX 2WD||$274||$544||$532||$32||$160||$1,542||$129|
|Tundra Limited Crew MAX 4WD||$304||$544||$532||$32||$160||$1,572||$131|
|Tundra SR/5 Crew Max 4WD||$304||$544||$532||$32||$160||$1,572||$131|
|Get Your Own Custom Quote Go|
Above prices assume married female driver age 40, no speeding tickets, no at-fault accidents, $500 deductibles, and Oklahoma minimum liability limits. Discounts applied include claim-free, multi-policy, homeowner, multi-vehicle, and safe-driver. Information does not factor in vehicle location which can lower or raise auto insurance rates greatly.
Poor driving habits will raise your insurance rates
The illustration below shows how violations and at-fault collisions can raise Toyota Tundra insurance premiums for each different age category. The information is based on a single male driver, full physical damage coverage, $1,000 deductibles, and no discounts are applied.
Annual premiums comparing men and women
The information below illustrates the difference between Toyota Tundra auto insurance costs for male and female drivers. The rates are based on no violations or claims, full coverage, $100 deductibles, single marital status, and no other discounts are factored in.
Cost of full coverage in Tulsa
The example below illustrates the comparison of Toyota Tundra insurance prices with and without physical damage coverage. The data assumes no driving violations, no at-fault accidents, $500 deductibles, marital status is single, and no policy discounts are applied.
Are you wasting money paying for full coverage?
There is no definitive guideline of when to eliminate comp and collision coverage, but there is a general convention. If the yearly cost of comp and collision coverage is more than about 10% of replacement cost minus your deductible, then it might be time to buy liability only.
For example, let's assume your Toyota Tundra replacement cost is $4,000 and you have $1,000 policy deductibles. If your vehicle is severely damaged, the most you would receive is $3,000 after paying the physical damage deductible. If you are paying in excess of $300 a year for physical damage coverage, then you might want to consider buying only liability coverage.
There are some scenarios where eliminating full coverage is not recommended. If you still owe money on your vehicle, you have to maintain full coverage as part of the loan conditions. Also, if your emergency fund is not enough to purchase a different vehicle if your current one is totaled, you should maintain full coverage.
Eight Things That Affect Your Insurance Premiums
An important part of buying insurance is that you know the factors that come into play when calculating the rates you pay for insurance. If you have a feel for what influences your rates, this empowers consumers to make smart changes that may result in better insurance rates.
Combine policies and save - Most companies provide better rates to clients who have multiple policies with them, otherwise known as a multi-policy discount. If you currently are using one company, you may still want to shop around to guarantee you are still saving the most.
Do you have enough liability insurance? - Liability coverage is the coverage that protects you if ever you are ruled to be at fault for an accident. Your policy's liability insurance provides you with a defense in court which can cost a lot. Carrying liability coverage is mandatory and cheap compared to physical damage coverage, so buy as much as you can afford.
Fast cars cost more to insure - The performance of the vehicle you are trying to find cheaper insurance for makes a big difference in how high your rates are. The best insurance prices are usually found on smaller low performance passenger models, but other factors influence the final cost greatly.
The data below is based on a married female driver age 20, full coverage with $500 deductibles, and no discounts or violations. The chart compares Toyota Tundra rates compared to other makes and models that have a range of risk factors.
Add-on coverages can add up - There are a lot of optional add-on coverages that can add up if you aren't careful. Things like replacement cost coverage, death and dismemberment, and term life insurance may not be needed and are just wasting money. They may sound like good ideas initially, but if you've never needed them in the past consider taking them off your policy.
Don't cancel your policy without a new one in place - Having an insurance coverage lapse is a quick way to increase your insurance rates. And not only will insurance be more expensive, being ticketed for driving with no insurance could result in a license revocation or jail time. You could then be forced to submit proof of financial responsibility or a SR-22 with the Oklahoma motor vehicle department to get your license reinstated.
Discounts for married drivers - Walking down the aisle can actually save you money when shopping for insurance. Having a spouse demonstrates that you tend to be more mature than a single person and insurance companies like that married drivers get in fewer accidents.
File insurance claims and pay more - If you file a lot of claims you can look forward to higher rates. Car insurance companies in Oklahoma generally give discounts to drivers who are claim-free. Auto insurance is intended to be relied upon for larger claims.
Where do you drive? - The more you drive each year the higher your rate. A lot of insurance companies calculate rates determined by how the vehicle is used. Vehicles left parked in the garage receive lower rates than vehicles that have high annual mileage. A policy that improperly rates your Tundra may be wasting your money. It's always a good idea to double check that your insurance coverage states the right rating data, because it can save money.
Insurance loss probability for a Toyota Tundra - Insurers analyze claim trends for every vehicle when determining insurance costs. Vehicles that have high amounts or severity of claims will cost more for coverage.
The data below shows the insurance loss data used by companies for Toyota Tundra vehicles. For each policy coverage type, the statistical loss for all vehicles, regardless of make, model or trim level, is equal to 100. Numbers under 100 indicate a favorable loss history, while values over 100 indicate more frequent losses or an increased chance of larger losses than average.
|Specific Toyota Model||Collision||Property Damage||Comp||Personal Injury||Medical Payment||Bodily Injury|
|Toyota Tundra CrewMax 2WD||88||105||96||63||75||94|
|Toyota Tundra CrewMax 4WD||97||113||105||64||51||77|
|Toyota Tundra Double Cab 2WD||95||131||90||85||84||107|
|Toyota Tundra Double Cab 4WD||86||112||93||53||55||79|
|Toyota Tundra Double Cab LWB 4WD||93||115||69|
Empty fields indicate not enough data collected
Data Source: Insurance Institute for Highway Safety for 2013-2015 Model Years
Independent or exclusive insurance agencies
Certain consumers still prefer to have an agent's advice and that is OK! Professional agents can point out coverage gaps and give you someone to call. One of the best bonuses of price shopping on the web is that you can obtain lower rates but also keep your business local.
After filling out this simple form, your insurance coverage information is sent to agents in your area who will give you quotes and help you find cheaper coverage. It simplifies rate comparisons since you won't have to contact any insurance agencies due to the fact that quote results will go to the email address you provide. If you need to get a price quote from a particular provider, you can always search and find their rate quote page to submit a rate quote request.
Finding the right insurer should depend on more than just a cheap price quote. Before buying a policy in Tulsa, get answers to these questions.
- How much will you save each year by using a higher deductible?
- Which insurance companies are they affiliated with?
- Will high miles depreciate repair valuations?
- Does the agent help file claims?
- If you have an accident, will your rates go up?
- Will they make sure you get an adequate claim settlement?
- Does the agency have a good rating with the Better Business Bureau?
Choose the right auto insurance agent
When researching a reliable agent, it can be helpful to understand the different types of agencies and how they function. Auto insurance agencies can be described as either exclusive or independent. Either one can do a good job, but it is a good idea to know how they differ since it can affect the type of agent you choose.
Exclusive Insurance Agencies
Exclusive insurance agents can only provide pricing for a single company and examples are Farmers Insurance, American Family, State Farm and Allstate. Exclusive agents cannot place coverage with different providers so they really need to provide good service. Exclusive agencies receive a lot of sales training on what they offer which helps offset the inability to provide other markets.
Shown below are exclusive insurance agents in Tulsa that are able to give rate quotes.
Independent Auto Insurance Agents
Independent agencies are not employed by any specific company so they can quote policies with many different companies and potentially find a lower price. To transfer your coverage to a different company, they can switch companies in-house and you won't have to switch agencies. If you are trying to find cheaper rates, it's recommended you contact several independent agencies in order to have the best price comparison.
Shown below are Tulsa independent insurance agencies that can give you rate quotes.
Buying the right Toyota Tundra insurance in Oklahoma is an important decision
Despite the high cost of buying insurance for a Toyota Tundra in Tulsa, insuring your vehicle is a good idea for several reasons.
- Almost all states have compulsory liability insurance requirements which means you are required to buy a specific level of liability coverage in order to license the vehicle. In Oklahoma these limits are 25/50/25 which means you must have $25,000 of bodily injury coverage per person, $50,000 of bodily injury coverage per accident, and $25,000 of property damage coverage.
- If your Toyota Tundra has a loan, it's guaranteed your bank will require you to have comprehensive coverage to ensure loan repayment if the vehicle is totaled. If you do not pay your insurance premiums, the lender will be forced to insure your Toyota at a much higher rate and make you pay the higher premium.
- Insurance protects not only your vehicle but also your financial assets. It will also cover medical bills for you, any passengers, and anyone injured in an accident. Liability coverage, the one required by state law, also pays expenses related to your legal defense if someone files suit against you as the result of an accident. If your vehicle suffers damage from an accident or hail, collision and comprehensive coverages will pay to restore your vehicle to like-new condition.
The benefits of buying car insurance definitely exceed the cost, particularly when you have a large claim. As of last year, the average driver in Oklahoma is currently overpaying as much as $820 a year so compare rate quotes every year to help ensure money is not being wasted.
How to find a good Tulsa car insurance company
Choosing the top company is difficult considering how many companies provide coverage in Oklahoma. The company rank data shown next can help you choose which car insurance companies you want to consider when comparing rate quotes.
Top 10 Tulsa Car Insurance Companies Ranked by Customer Service
- Mercury Insurance
- AAA Insurance
- Safeco Insurance
- State Farm
- The Hartford
- The General
Top 10 Tulsa Car Insurance Companies Ranked by Value
- Mercury Insurance
- American Family
- AAA Insurance
- Safeco Insurance
- The Hartford
- The General
- 21st Century
Persistent drivers can save
As you restructure your insurance plan, it's not a good idea to reduce coverage to reduce premium. There are a lot of situations where someone dropped uninsured motorist or liability limits only to find out that saving that couple of dollars actually costed them tens of thousands. Your aim should be to buy a smart amount of coverage at an affordable rate, but don't skip important coverages to save money.
In this article, we covered quite a bit of information on how to shop for Toyota Tundra insurance online. The key concept to understand is the more companies you get rates for, the better chance you'll have of finding low cost Tulsa auto insurance quotes. You may even discover the best price on auto insurance is with the least-expected company. These companies may cover specific market segments cheaper compared to the large companies like State Farm, GEICO and Nationwide.
For more information, feel free to visit the resources below:
- Parking Tips to Reduce Door Dings (State Farm)
- Who Has the Cheapest Tulsa Car Insurance Rates for Postal Workers? (FAQ)
- Who Has the Cheapest Tulsa Auto Insurance for 19 Year Olds? (FAQ)
- How Much is Car Insurance for 16 Year Olds in Tulsa? (FAQ)
- Who Has the Cheapest Tulsa Auto Insurance for a GMC Sierra? (FAQ)
- Who Has Cheap Tulsa Auto Insurance Quotes for Drivers with Accidents? (FAQ)
- Teen Driving Statistics (iihs.org)
- Rental Car Insurance Tips (Insurance Information Institute)
- Five Mistakes to Avoid (Insurance Information Institute)
- Five Tips to Save on Auto Insurance (Insurance Information Institute)