Cheapest car insurance in Oklahoma for 2025

If you are a driver looking for Oklahoma cheap car insurance, Bankrate has your back. Our insurance editorial team took a close look at the requirements for minimum coverage in the Sooner State as well as the average rates for full coverage for a variety of driver demographics. Our research suggests that companies including Mercury, USAA and the regional carrier American Farmers & Ranchers Mutual offer reasonable average rates, and may be able to quote you a low premium for your Oklahoma coverage.

Key takeaways

• Cheapest company for minimum coverage: American Farmers & Ranchers Mutual
• Cheapest company for full coverage: USAA
• Cheapest company for drivers with prior incidents: American Farmers & Ranchers Mutual and Progressive
• Cheapest company for young drivers: American Farmers & Ranchers Mutual

Like almost all states, Oklahoma has insurance laws detailing the minimum amount of coverage you need to have to drive legally in the state. This minimum coverage is for liability insurance, which covers the costs incurred by the other driver if you are in an accident and are found to be at fault. But liability-only policies, which may meet the state's requirements, do not provide coverage for your own vehicle or for medical payments for you or your passengers in an at-fault accident. Additionally, if the other driver’s expenses exceed your coverage limits, you may need to pay the extra costs out of pocket. If you are looking for the cheapest car insurance in OK, however, a liability-only policy is likely to offer the most affordable rates. Based on Bankrate's research, Mercury has the lowest average cost for a liability-only policy in Oklahoma.

Minimum coverage requirements for Oklahoma drivers

To register your vehicle and drive legally, you must carry at least a minimum amount of car insurance in Oklahoma. According to Oklahoma’s car insurance laws, drivers are required to carry the following policies and coverage amounts:

• $25,000 for bodily injury liability coverage per person
• $50,000 for bodily injury liability coverage per accident
• $25,000 for property damage liability coverage per accident

Drivers who want the cheapest auto insurance in Oklahoma may be tempted to purchase a minimum coverage policy with the lowest rate. However, many drivers may benefit from more robust coverage or may be required to carry it if their vehicle is financed or leased. Full coverage insurance offers financial protection for physical damage and higher coverage limits.

Full coverage car insurance may cost more, but it also offers more financial protection. On top of protecting you from liability, it covers your car for other forms of loss or damage through both comprehensive and collision insurance. Typically, USAA offers the cheapest full coverage policies on average in Oklahoma:

One of the key factors influencing your auto insurance rates is your driving record. A history of accidents or tickets could cause your rates to rise significantly. That means driving safely and avoiding problems is important if you’re looking to get cheap auto insurance in OK.

• Cheapest car insurance for drivers with a ticket: American Farmers & Ranchers Mutual
• Cheapest car insurance for drivers with an at-fault accident: American Farmers & Ranchers Mutual
• Cheapest car insurance for high-risk drivers: Progressive

Cheapest insurance companies for drivers in Oklahoma with a speeding ticket: American Farmers & Ranchers Mutual

In addition to fines and other penalties, a single speeding ticket conviction in Oklahoma could be enough to increase your policy rate. In fact, Bankrate's research shows that there is an average increase of $455 annually on the rate of a full coverage policy after a speeding ticket or other moving violation. American Farmers & Ranchers Mutual was one of the cheapest insurers for drivers with a speeding ticket, on average.

Cheapest car insurance for drivers in Oklahoma with an at-fault accident: American Farmers & Ranchers Mutual

Unless you have accident forgiveness as part of your policy, you are likely to see your rate increase after an at-fault accident. Not all insurers offer this optional rider, however, and those that do are likely to limit it to your first accident or only to certain types of accidents. Typically, an accident will impact your policy for three to five years, depending on your insurance company, before the surcharge is removed from your premium. Our research found that American Farmers & Ranchers Mutual offers the lowest average rates for drivers involved in a single at-fault accident in Oklahoma.

Cheapest car insurance in Oklahoma for high-risk drivers: Progressive

Few rating factors have the ability to increase your car insurance premium more than if your insurer places you in its high-risk category. This may happen if you have multiple accidents or moving violation convictions. It may also be a consequence of a single DUI conviction, the most severe high-risk infraction. In some cases, high-risk drivers may need to look around to find a company that is willing to insure them. Progressive tends to offer the cheapest policies for high-risk drivers, on average, in Oklahoma.

Age is a major factor in determining your insurance rates in most states, and Oklahoma is no exception. Young drivers have less experience and are still maturing and building the decision-making skills required to drive safely, so insurers compensate for the risk by charging higher premiums. Finding cheap auto insurance for young adults can be difficult, but it’s worth shopping around. We’ve gathered a list of insurers that offer competitive average rates to younger drivers in Oklahoma to help you get started in your search.

• Cheapest car insurance for insuring a teen driver: American Farmers & Ranchers Mutual
• Cheapest car insurance for teens with a ticket: American Farmers & Ranchers Mutual
• Cheapest car insurance for teens with an at-fault accident: American Farmers & Ranchers Mutual
• Cheapest car insurance for young drivers with a DUI: Progressive

Cheapest Oklahoma car insurance for insuring a teen driver: American Farmers & Ranchers Mutual

Because they have limited years of driving experience, teen drivers tend to be involved in accidents more than any other age group. This higher risk level means they typically face high rates for their insurance. Parents adding a teen driver to their policy are likely to see a significant increase, even if they can find good teen discounts from their insurer. Of the insurers we analyzed, American Farmers & Ranchers Mutual tended to have the cheapest rates and offers a good student discount. The rates below are based on the average cost for a 16-year-old driver on their parents' policy.

Cheapest Oklahoma car insurance for teens with a ticket: American Farmers & Ranchers Mutual

Teen drivers already typically pay high insurance rates, so adding a ticket to the equation can really drive rates up. If you are 18 with your own policy and have a ticket on your record, American Farmers & Ranchers Mutual offers the cheapest policies on average in Oklahoma, but you can expect to feel a hit to your insurance budget until the surcharge falls off.

Cheapest Oklahoma car insurance for teens with an at-fault accident: American Farmers & Ranchers Mutual

Getting into an accident as a teen can be a scary experience. If you’re found to be at fault for the accident, it can also mean higher insurance premiums, especially if you’re 18 and have your own car insurance policy, which is more expensive to begin with than if you were on your parents’ policy. If this happens to you in Oklahoma, American Farmers & Ranchers Mutual will likely offer the lowest-cost insurance despite your perceived high risk.

Cheapest Oklahoma car insurance for young drivers with a DUI: Progressive

Getting a DUI can make insurers believe that you’re a very high risk to insure, which can make it hard to find coverage and cause the policies you can qualify for to be quite expensive. If you’re a 21-year-old who also falls into the young driver category, you could see your rates skyrocket for a while. In Oklahoma, Progressive tends to offer the cheapest policies for young drivers with a DUI on their record. Keep in mind that there is no guarantee that any provider, even those we’ve listed average rates for, will offer you a policy after a DUI conviction. The best way to determine whether you can get a policy and what your rates might be is to contact the insurer and ask for a quote.

Almost every insurer offers at least a few discounts, and taking advantage of them can save you money on your premium payments. Discounts vary from company to company, but you are likely to see some or all of these discounts available to you since they are common to many insurers:

• Safe driver discounts: Some insurers offer a percentage off for taking a defensive driving course to brush up on your skills. Others feature telematics programs, which monitor your driving skills using a mobile app. A few of these, however, may also cause a premium increase if you are shown to engage in unsafe driving practices.
• Payment discounts: These may take several forms. You might save money, for example, if you pay your whole premium in one payment at the beginning of the coverage period. Or you might earn a discount if you sign up for electronic payments and agree to receive policy documents digitally rather than via postal mail.
• Loyalty discounts: Some insurers offer a discount to drivers who remain with them for a certain number of years, often three to five. Others might have a new policyholder discount, to encourage drivers to switch to their company. 
• Bundling discount: This common discount can be earned just by purchasing both your car and your home, condo or renters insurance from the same company. You may also be eligible for savings if your policy includes more than one vehicle.
• Vehicle-based discounts: Common vehicle safety items like airbags, passive restraints and anti-lock brakes are likely to earn you a discount; anti-theft alarms may also come with a discount as well. 
• Hybrid/electric vehicle discounts: A few insurers are beginning to incentivize those who purchase environmentally forward vehicles, and these are likely to increase as the cars become more common. 

To determine minimum coverage limits, Bankrate used minimum coverage that meets each state’s requirements. These are sample rates and should only be used for comparative purposes. Your quotes will differ.