The easiest way to get budget auto insurance rates in Tulsa is to compare quotes once a year from insurance carriers that sell auto insurance in Oklahoma. Prices can be compared by following these steps.
- First, get an understanding of auto insurance and the measures you can take to lower rates. Many factors that are responsible for high rates like your driving record and a negative credit history can be amended by making lifestyle changes or driving safer.
- Second, quote rates from exclusive agents, independent agents, and direct providers. Exclusive agents and direct companies can provide rates from a single company like Progressive or Farmers Insurance, while agents who are independent can provide prices from multiple companies.
- Third, compare the new rate quotes to your existing rates and see if you can save money. If you find a lower rate, make sure the effective date of the new policy is the same as the expiration date of the old one.
- Fourth, notify your agent or company to cancel your current car insurance policy. Submit a completed application and payment for your new policy. Immediately upon receiving it, place the new certificate verifying coverage in your vehicle’s glove compartment or console.
One tip to remember is to make sure you’re comparing identical limits and deductibles on every price quote and and to analyze all possible companies. This guarantees an apples-to-apples comparison and a complete price analysis.
Everyone knows that car insurance companies want to keep you from shopping around. Insureds who shop around for the cheapest price are likely to buy a new policy because they stand a good chance of finding a lower rate. A recent study showed that consumers who made a habit of comparing rates saved over $865 annually compared to other drivers who never compared prices.
If finding the cheapest price on Ford Mustang insurance in Tulsa is your target objective, then having a good understanding how to get rate quotes and compare car insurance can save time, money, and frustration.
If you’re already insured or just want cheaper rates, you can use these tips to shop for the lowest rates and possibly find even better coverage. Finding the cheapest car insurance coverage in Tulsa is actually not that difficult if you follow our advice. Consumers just need to know how to shop on the web.
Ford Mustang Insurance Price Factors
Lots of things are part of the calculation when you get a price on insurance. Some are pretty understandable like an MVR report, but others are less obvious like your vehicle usage or your financial responsibility.
The list below includes a few of the things that factor into rates.
Tickets are costly – Only having one chargeable violation can boost insurance rates by as much as thirty percent. Drivers who don’t get tickets pay less for auto insurance than their less careful counterparts. People who have severe violations like hit and run, DWI or reckless driving convictions may find that they have to to submit a SR-22 or proof of financial responsibility with their state’s department of motor vehicles in order to keep their license.
The diagram below shows how violations and accident claims raise Ford Mustang yearly insurance costs for each different age category. The data is based on a married female driver, full physical damage coverage, $100 deductibles, and no other discounts are factored in.
Costs are affected by your address – Choosing to live in a rural area may provide you with better prices if you are looking for the lowest rates. Less people living in that area means less chance of accidents and also fewer theft and vandalism claims. Drivers in populated Oklahoma areas regularly have more aggressive driving styles and longer commute times. Longer commute distances can result in more accidents.
Do you really need roadside assistance? – Insurance policies have a lot of add-on coverages that you can buy if you aren’t diligent. Coverages for roadside assistance, high-cost glass coverage, and Farm Bureau memberships may be wasting your money. These may sound like a good investment initially, but if they’re wasting money think about removing them and cutting costs.
Compare rates if you bundle your policies – Most insurers give lower prices for people who consolidate policies with them. It’s known as a multi-policy discount. This can amount to ten or even up to twenty percent in some cases. Even if you already get this discount, consumers should still check prices from other companies to guarantee you are still saving the most.There is a chance you can save more without the discount even if you insure with multiple companies
High physical damage deductibles save money – Physical damage deductibles represent how much money you are willing to pay out-of-pocket if you file a covered claim. Coverage for physical damage, commonly called comprehensive (or other-than-collision) and collision coverage, covers damage that occurs to your car. A few examples of covered claims are collision with another vehicle, collision with a deer, and damage from wind. The more you have to pay, the less your insurance will be.
Pay lower prices after the wedding – Having a spouse can actually save you money on your policy. Having a spouse means you’re more responsible and statistics show drivers who are married file infrequent claims.
Insurance losses for a Ford Mustang – Auto insurance companies use past insurance losses to help calculate a profitable premium rate. Models that historically have higher loss trends will have a higher premium rate. The next table illustrates the collected loss data for Ford Mustang vehicles.
For each coverage category, the statistical loss for all vehicles as a whole equals 100. Percentages below 100 mean the vehicle has better than average losses, while percentages above 100 show a trend for more claims or a tendency for claims to be larger.
| Make and Model | Collision | Property Damage | Comp | Personal Injury | Medical Payment | Bodily Injury |
|---|---|---|---|---|---|---|
| Ford Mustang 2dr | 175 | 80 | 131 | 109 | 136 | 117 |
| Ford Mustang GT 2dr | 171 | 61 | 143 | 82 |
Empty fields indicate not enough data collected
Data Source: iihs.org (Insurance Institute for Highway Safety) for 2013-2015 Model Years
The easiest way to compare rates for Ford Mustang insurance in Tulsa is to know car insurance companies provide online access to provide you with a free rate quote. The only thing you need to do is give them rating details such as your general credit rating, if you require a SR-22, if you went to college, and how much you drive. The data is sent automatically to many of the top insurers and they return quotes instantly to find the best rate.
To start a quote now, click here and find out if lower rates are available in Tulsa.
The auto insurance companies shown below provide price comparisons in Tulsa, OK. If your goal is to find cheaper auto insurance in Tulsa, it’s highly recommended you click on several of them to find the most affordable auto insurance rates.
Premium rates and analysis
The coverage information below showcases detailed analysis of rate quotes for Ford Mustang models. Having a good grasp of how insurance rates are established can help you make decisions on which insurance to purchase.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Mustang 2-Dr Convertible | $352 | $756 | $462 | $28 | $138 | $1,736 | $145 |
| Mustang 2-Dr Coupe | $352 | $756 | $578 | $34 | $172 | $1,892 | $158 |
| Mustang GT 2-Dr Convertible | $396 | $870 | $462 | $28 | $138 | $1,894 | $158 |
| Mustang GT 2-Dr Coupe | $396 | $870 | $578 | $34 | $172 | $2,050 | $171 |
| Mustang Shelby GT500 2-Dr Convertible | $442 | $1098 | $462 | $28 | $138 | $2,168 | $181 |
| Mustang Shelby GT500 2-Dr Coupe | $486 | $1212 | $578 | $34 | $172 | $2,482 | $207 |
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Table data represents married male driver age 40, no speeding tickets, no at-fault accidents, $100 deductibles, and Oklahoma minimum liability limits. Discounts applied include multi-vehicle, safe-driver, multi-policy, homeowner, and claim-free. Price information does not factor in specific Tulsa garaging location which can impact rates considerably.
Policy deductibles
One of the hardest decisions when shopping for insurance is which comprehensive and collision deductibles to buy. The premium rates below sum up the difference in cost between low and high comp and collision deductibles. The first set of rates uses a $250 deductible for comprehensive and collision coverage and the second set of rates uses a $1,000 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Mustang 2-Dr Convertible | $346 | $688 | $448 | $26 | $134 | $1,667 | $139 |
| Mustang 2-Dr Coupe | $346 | $688 | $560 | $34 | $168 | $1,821 | $152 |
| Mustang GT 2-Dr Convertible | $392 | $792 | $448 | $26 | $134 | $1,817 | $151 |
| Mustang GT 2-Dr Coupe | $392 | $792 | $560 | $34 | $168 | $1,971 | $164 |
| Mustang Shelby GT500 2-Dr Convertible | $436 | $1000 | $448 | $26 | $134 | $2,069 | $172 |
| Mustang Shelby GT500 2-Dr Coupe | $480 | $1104 | $560 | $34 | $168 | $2,371 | $198 |
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| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Mustang 2-Dr Convertible | $214 | $432 | $448 | $26 | $134 | $1,254 | $105 |
| Mustang 2-Dr Coupe | $214 | $432 | $560 | $34 | $168 | $1,408 | $117 |
| Mustang GT 2-Dr Convertible | $242 | $498 | $448 | $26 | $134 | $1,348 | $112 |
| Mustang GT 2-Dr Coupe | $242 | $498 | $560 | $34 | $168 | $1,502 | $125 |
| Mustang Shelby GT500 2-Dr Convertible | $270 | $630 | $448 | $26 | $134 | $1,508 | $126 |
| Mustang Shelby GT500 2-Dr Coupe | $296 | $694 | $560 | $34 | $168 | $1,752 | $146 |
| Get Your Own Custom Quote Go | |||||||
Table data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Oklahoma minimum liability limits. Discounts applied include multi-vehicle, homeowner, safe-driver, multi-policy, and claim-free. Price estimates do not factor in the specific area where the vehicle is garaged which can decrease or increase premium rates considerably.
Based on these figures, using a $250 deductible will cost you about $41 more each month or $492 each year than quoting the higher $1,000 deductible. Because you would pay $750 more if you file a claim with a $1,000 deductible as compared to a $250 deductible, if you tend to average at a minimum 18 months between claim filings, you would most likely save money going with the higher deductible.
Rate comparison of full coverage and liability-only
The example below shows the comparison of Ford Mustang auto insurance costs when comparing full coverage to state minimum liability only. The rate quotes are based on no claims or driving citations, $250 deductibles, single status, and no discounts are applied.
When to drop comp and collision
There is no definitive formula to exclude physical damage coverage on your policy, but there is a general guideline. If the yearly cost of full coverage is more than about 10% of the replacement cost of your vehicle minus the policy deductible, then you might want to consider buying only liability coverage.
For example, let’s pretend your Ford Mustang claim settlement value is $8,000 and you have $1,000 deductibles. If your vehicle is destroyed, the most you would receive is $7,000 after the deductible is paid. If you are paying over $700 annually to have full coverage, then it may be the right time to buy liability only.
There are some circumstances where only buying liability is not a good plan. If you have an outstanding loan on your vehicle, you are required to maintain full coverage as part of the loan conditions. Also, if your finances do not allow you to purchase a different vehicle in the even your car is totaled, you should keep full coverage.
Auto insurance is an important decision
Despite the potentially high cost of Ford Mustang insurance, buying auto insurance serves several important purposes.
- Most states have minimum mandated liability insurance limits which means state laws require specific limits of liability protection 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 you have a lien on your Ford Mustang, it’s most likely the lender will force you to have comprehensive coverage to guarantee payment of the loan. If you let the policy lapse, the lender may insure your Ford for a much higher rate and require you to pay for it.
- Auto insurance preserves both your assets and your car. It will also reimburse you for medical bills for you, your passengers, and anyone else injured in an accident. Liability insurance will also pay attorney fees if you are sued as the result of an accident. If damage is caused by hail or an accident, collision and comprehensive (also known as other-than-collision) coverage will cover the damage repairs after a deductible is paid.
The benefits of insuring your car greatly outweigh the cost, especially for larger claims. But the average American driver is wasting up to $869 every year so it’s recommended you shop around at every renewal to make sure the price is not too high.
Cheaper Ford Mustang insurance rates in Tulsa
Some companies don’t necessarily list every policy discount very clearly, so we researched some of the more common in addition to some of the lesser obvious insurance savings.
- Anti-lock Brake Discount – Cars and trucks that have anti-lock braking systems can stop better under adverse conditions and qualify for as much as a 10% discount.
- Discounts for Responsible Drivers – Accident-free drivers could pay up to 40% less than less cautious drivers.
- Multiple Cars – Buying insurance for multiple vehicles on the same insurance policy can get a discount for every vehicle.
- Switch and Save Discount – A few insurance companies allow discounts for signing up early. Ten percent is about the average savings.
- Auto/Life Discount – Not all insurance companies offer life insurance, but some may give you better rates if you take out a life policy as well.
- Good Student Discount – Being a good student can earn a discount of 20% or more. The good student discount can last up until you turn 25.
- Seat Belt Discounts – Drivers who require all vehicle occupants to buckle their seat belts may be able to save a few bucks off PIP or medical payments premium.
It’s important to note that most credits do not apply to the entire cost. A few only apply to specific coverage prices like comp or med pay. If you do the math and it seems like you would end up receiving a 100% discount, it just doesn’t work that way.
The information below illustrates the difference between Ford Mustang premium costs with and without discounts applied to the policy rates. The costs are based on a female driver, no accidents or driving violations, Oklahoma state minimum liability limits, comprehensive and collision coverage, and $1,000 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with claim-free, multi-policy, safe-driver, multi-car, homeowner, and marriage discounts applied.
Car insurance companies that have these benefits include:
If you are trying to find inexpensive Tulsa car insurance quotes, ask each company or agent to apply every possible discount. Depending on the company, some discounts may not be available in your area.
Get rate quotes but buy from a local Tulsa insurance agency
Some people still prefer to sit down with an agent. Professional insurance agents can make sure you are properly covered and help you file claims. One of the benefits of getting free rate quotes online is the fact that drivers can get the lowest rates and still buy from a local agent.
For easy comparison, once you complete this form (opens in new window), your information is immediately sent to local insurance agents who will return price quotes for your insurance coverage. You won’t need to find an agent because quoted prices will be sent to you directly. If you wish to quote rates from a specific insurance company, just search and find their rate quote page to submit a rate quote request.
Selecting a company should include more criteria than just the price. Here are some questions you should ask.
- Are they in the agency full-time?
- Where would glass claims be handled in Tulsa?
- Are they giving you every discount you deserve?
- Can they give you a list of client referrals?
- Do they carry Errors and Omissions coverage?
Pick the best car insurance agent in Tulsa for you
If you need to find a good insurance agency, you should know the different types of agencies and how they differ in how they can insure your vehicles. Car insurance policy providers can be described as either independent (non-exclusive) or exclusive. Both types of agents can provide car insurance policies, but it’s important to point out why they differ because it can influence your selection of an agent.
Exclusive Car Insurance Agents
Exclusive agencies generally can only insure with one company like American Family, State Farm, and Allstate. They usually cannot provide other company’s prices so if the price isn’t competitive there isn’t much they can do. These agents are well schooled on sales techniques and that allows them to sell at a higher price point.
The following is a list of exclusive insurance agents in Tulsa willing to provide price quote information.
GEICO Insurance Agent
8353 S Memorial Dr – Tulsa, OK 74133 – (918) 384-0707 – View Map
Bobby Williamson – State Farm Insurance Agent
7992 S Sheridan Rd – Tulsa, OK 74133 – (918) 935-2000 – View Map
Allstate Insurance: Mike De Marco
5800 S Lewis Ave Ste 149 – Tulsa, OK 74105 – (918) 749-1300 – View Map
Independent Car Insurance Agencies
Independent agencies are not locked into one company and that gives them the ability to insure with many different companies and find the cheapest car insurance rates. If prices rise, they can switch companies in-house and you stay with the same agent.
If you are comparing car insurance prices, it’s recommended you get rate quotes from a couple of independent agencies in order to have the best price comparison.
The following is a short list of independent agents in Tulsa willing to provide rate quotes.
Sawyer-Phillips and Associates, Inc.
6666 S Sheridan Rd #220 – Tulsa, OK 74133 – (918) 794-4000 – View Map
Glass Insurance Agency, Inc
4500 S Garnett Rd #914 – Tulsa, OK 74146 – (918) 663-5314 – View Map
GDK Insurance Agency, Inc.
3908 E 31st St – Tulsa, OK 74135 – (918) 742-5861 – View Map
Ratings for Tulsa car insurance companies
Choosing the top insurer can be challenging considering how many choices there are in Tulsa. The company information in the lists below can help you pick which coverage providers you want to consider comparing prices from.
| Company | Value | Customer Service | Claims | Customer Satisfaction | A.M Best Rating | Overall Score |
|---|---|---|---|---|---|---|
| Travelers | 93 | 98 | 99 | 88% | A++ | 95.1 |
| USAA | 83 | 99 | 100 | 91% | A++ | 94.1 |
| Mercury Insurance | 97 | 96 | 88 | 89% | A+ | 93.4 |
| AAA Insurance | 91 | 95 | 92 | 90% | A | 93.3 |
| Nationwide | 85 | 95 | 97 | 89% | A+ | 92.4 |
| Allstate | 77 | 100 | 97 | 88% | A+ | 90.7 |
| State Farm | 80 | 94 | 96 | 88% | A++ | 90.6 |
| The Hartford | 88 | 93 | 91 | 87% | A+ | 90.4 |
| Safeco Insurance | 91 | 95 | 85 | 88% | A | 90.2 |
| Progressive | 88 | 94 | 83 | 88% | A+ | 90.1 |
| American Family | 91 | 86 | 95 | 83% | A | 89.7 |
| Esurance | 86 | 90 | 94 | 90% | A+ | 89.5 |
| The General | 86 | 93 | 89 | 84% | A- | 88.2 |
| GEICO | 79 | 89 | 95 | 87% | A++ | 87.8 |
| Titan Insurance | 86 | 82 | 92 | 86% | A+ | 86.5 |
| 21st Century | 86 | 82 | 90 | 84% | A | 86.4 |
| Liberty Mutual | 79 | 87 | 95 | 78% | A | 85.3 |
| Farmers Insurance | 77 | 80 | 80 | 84% | A | 80.3 |
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Data Source: Insure.com Best Car Insurance Companies
Don’t give up on cheap rates
Cheap Ford Mustang insurance in Tulsa can be found both online and with local Tulsa insurance agents, so get free Tulsa car insurance quotes from both of them to have the best selection. Some insurance companies do not provide online price quotes and most of the time these regional insurance providers provide coverage only through independent agents.
When buying insurance coverage, you should never buy poor coverage just to save money. There are too many instances where an insured cut comprehensive coverage or liability limits only to regret that saving that couple of dollars actually costed them tens of thousands. Your aim should be to buy the best coverage you can find at a price you can afford, but do not sacrifice coverage to save money.
To read more, feel free to browse these articles:
- Your Car has been Stolen: Now What? (Allstate)
- Who Has Affordable Car Insurance Rates for Ride Shares in Tulsa? (FAQ)
- Who Has Cheap Tulsa Auto Insurance for a Toyota Camry? (FAQ)
- Who Has Affordable Tulsa Auto Insurance Rates for Inexperienced Drivers? (FAQ)
- Car Insurance for Teen Drivers with Divorced Parents (Allstate)
- How Can I Save Money on Auto Insurance? (Insurance Information Institute)