Tulsa, the second biggest city in Oklahoma, is beautifully diverse. Diversity of people, religions, cultural pursuits, sports and business make up this intangible cityscape. Just like the city they call home, Tulsans have a diverse set of needs for auto insurance. There are a few standards that every type of insurance coverage must include — Benzinga will ride along with you during your search.
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Quick Look – Best Auto Insurance in Tulsa
Oklahoma Car Insurance Overview
Here’s what to expect at a glance:
- Tulsa has an above-national average of 2.3 vehicles per household.
- Minimum state insurance requirements:
- $25,000 for 1 crash, 1 injury
- $50,000 for 1 crash, 2 or more injuries
- $25,000 for property damage
- Oklahoma has an average rate with a clean driving record of $1,879.
Tulsa Car Insurance Law Explained
Know the laws in Oklahoma. Make sure your insurance is up to date and suits your needs. Oklahoma is a “fault” state. A fault state means that if you’re involved in an auto accident, the person at fault pays the damages. All drivers must have proof of insurance and registration on hand.
Tulsa Traffic Laws You Should Know
The Oklahoma DMV encourages drivers to be alert, avoid aggressive driving and obey all traffic laws and signs. Note that driving for conditions takes precedence over posted speeds. Let’s say it’s dark and rainy and you’re traveling at the posted speed of 65 mph. You can get a speeding ticket for driving faster than what is safe for the conditions.
You must be properly restrained, drug and alcohol-free and tuned into the road rather than your phone.
Tulsa Car Insurance Rates per Vehicle
Many elements influence car insurance rates such as the age of the driver, type, cost and age of the vehicle, and repair and replacement costs. Insurance companies also consider safety and security features: airbags, adaptive cruise control, lane departure warning and anti-theft systems.
According to 2019 retail sales, Kelley Blue Book ranks the following as the 5 most popular vehicles in Oklahoma — and notice they are trucks:
- Chevrolet Silverado 1500
- Ford F-150
- RAM 1500
- GMC Sierra 1500
- Ford F-250 Super Duty
Vehicle repair costs help shape insurance rates. Expensive vehicles are expensive to repair. Larger vehicles usually stand up to accidents better than smaller vehicles. Driver attributes (age, experience and record) certainly play a role in insurance rates, but so do the make and model of your vehicle.
Your heart’s set on a luxury SUV, but your brain isn’t in harmony with the potentially high rates? You can take action to lower your insurance rates. Check discounts. Bundle home and auto insurance. Ask for a higher deductible.
Car Insurance Rates by Credit Score
Your personal financial profile affects your insurance rates. Insurance agencies look at your FICO score, or how likely you are to pay back a loan based on your credit history, to help determine the cost. This gives agencies an expectation of your commitment to paying. The higher your score, the lower the risk for the insurer, the less you’ll pay. The lower your score, the higher the risk for the insurer, the more you’ll pay.
You can boost your credit score if your number is low. If your number is high, great! Be careful not to get complacent. Credit scores are fluid and move down as easily as up.
Here are some examples of what you can expect to pay based on your FICO score, using Benzinga’s research:
|Credit Score||Cheapest Provider||Rate for State Minimum Coverage|
|Poor 300–579||Root Insurance||$2,066|
|Excellent 740+||Root Insurance||$902|
Insurance for Drivers with a Clean Record
Keeping your record clean is a matter of following all traffic laws. Buckle up. Observe speed limits and traffic signs. Stay focused on driving. Maintain your vehicle — keep it running well and keep the windows clean (so you can see).
You’ve earned a safe driving record, now what? Get to know the different types of insurance coverage.
The following explains the minimum coverage, or the least amount of coverage required by the state:
- $25,000 for 1 crash, 1 injury. This covers the costs related to injuries and death that you or another driver causes.
- $50,000 for 1 crash, 2 or more injuries
- $25,000 for property damage. This reimburses others for damage that you or a driver operating your car causes to another vehicle or property.
Standard coverage bolsters minimum coverage. Bodily injury liability and property damage coverage rise. It also adds:
- Uninsured motorist coverage, which is important since Oklahoma is a “fault” state. You’re protected if the driver who is at fault in an accident does not have insurance.
- Comprehensive coverage, which is damage to your vehicle as a result of acts such as theft, flood or fire.
- Collision coverage, which covers damage resulting from a collision with another car or object (like a telephone pole, tree or pothole).
Full coverage is a combination of the coverages explained above. Full coverage is typically an increased dollar amount of coverage for people and the vehicle.
Benzinga compiled comprehensive data and here’s what you can expect to pay for minimum, standard and full vehicle coverage with a clean record.
|Insurance Company||State Minimum Insurance||Standard Coverage||Full Coverage|
Insurance Rates with Driving Infractions
The most diligent drivers can miss a speed limit sign or find themselves involved in a minor collision. Some of the most common infractions on many driving school blogs include:
- Improper use of seat belts/child restraints: Independent research from NHTSA and IIHS consistently shows that proper restraint use saves lives. Buckle up and make sure your passengers buckle up. Be sure you’re using the proper child restraint.
- Speeding: In June 2019, TulsaWorld reported that Oklahoma Highway Patrol issued 240,000 speeding tickets over the past 4 years. That’s about 1 ticket every 10 minutes. The best thing to do to avoid a ticket is to stick to the posted speed limit.
- Driving distracted: Technology, passengers (humans and pets alike) and things outside your car serve as the potential for distraction. Stay focused.
- Improper lane changes/swerving: Many drivers rush in and out of lanes to beat traffic. Winning some kind of imaginary race often rewards you with a ticket.
- Driving under the influence: Driving under the influence is a bad idea that will earn you fines, jail time and a suspended or revoked license. Get a ride from a friend or a taxi. Engage Uber or Lyft. Drive sober or get a ride rather than risk lives.
It’s possible to get insurance with an infraction on your record. It’ll just cost more. Following is an idea of what you might expect to pay in Tulsa.
|Insurance Company||At-Fault Accident||Speed Violation||DUI|
|Encompass Insurance (Allstate)||$2,093||$1,520||$6,881|
Best Car Insurance Providers in Tulsa
Here’s a quick glance at the best insurance you’ll be able to find in Tulsa:
1. Best Overall: GEICO
GEICO is tops overall for auto insurance in Tulsa. Extensive coverage and discounts, price and availability earn it the best overall title.
Coverage and discounts include accident forgiveness, multi-policy discount, good student discount, rideshare coverage and underinsured motorist coverage. J.D. Power ranks GEICO as “better than most” in its 2019 Insurance Customer Satisfaction Index (CSI) study.
A policy with GEICO runs you about $1,650 annually.
2. Cheapest Car Insurance in Tulsa: 21st Century
21st Century, at approximately $1,050 per year, is the cheapest of the best insurance providers in Tulsa. But you get what you pay for.
Its standard coverage is fair, not fabulous. Roadside assistance is standard, which is nice. Plus, there are a decent amount of discounts.
Discounts include multi-policy, defensive driving, good student and loyalty. It falls short on personal injury protection, property damage and medical payments coverage.
3. Best Coverage for Multiple Cars: State Farm
When you find good, price-competitive insurance, why pay more? State Farm’s price is a little north of 21st Century’s at about $1,250 per year, but what you get makes up for the price difference.
State Farm offers comprehensive coverage including new car protection, accident forgiveness and rental car reimbursement.
State Farm also offers multiple discount opportunities including anti-theft, multi-policy, loyalty and safety devices. State Farm’s ranked about average in the J.D. Power Insurance CSI study. Coverage, discounts and service are all a part of the package.
4. Best for Military Personnel: USAA
USAA is top notch in service if you’ve served your country. J.D. Power studies consistently rank USAA as “among the best” in customer satisfaction.
Its keen eye is trained on its unique customer base and USAA offers expansive coverage. Coverage includes rideshare coverage, temporary and short-term coverage and property damage coverage.
It also provides multiple discount opportunities. Its modest annual pricing, about $950, makes USAA a great choice.
The Balancing Act
Getting the coverage you need at a price you want to pay can be challenging. As with many things in life, it’s a balancing act. Make a list of must-haves and wants. Make another list of the discounts that you could qualify for. Get quotes, speak to agents and talk to family and friends. Study your options thoroughly.
Make an informed decision that’s right for you. The right balance of coverage, price and service is available, so just keep your eyes trained on the road ahead.
Frequently Asked Questions
1) Q: Should I have just the minimum amount of car insurance required by my state?
It’s a good idea to purchase more than the state minimum of any type of insurance. State minimums are set relatively low to keep insurance affordable, but in the case of an accident, you can deplete your minimums quickly with expensive medical and property damage costs. Once your bills extend past the minimums, you’ll personally be liable for additional costs and damage. Get the coverage that makes sense for you here.
2) Q: What are the major types of car insurance?
Liability: The most basic type of auto insurance you can purchase and is required by (nearly) all states. Liability insurance is what covers the damage caused to other people or property other than your own. To learn more about liability insurance read our full article.
Comprehensive: An optional coverage option that keeps your vehicle protected in case of theft, fire, vandalism, weather, animals, or acts of nature.
Collision: This type of coverage pays for damage to your vehicle in an accident with another vehicle or property. If you are leasing or financing your vehicle, you are typically required to pay for collision insurance.
Uninsured/Underinsured Motorist: Covers you and your passengers if you are involved in an accident with someone who does not have coverage or your injuries or property is damaged beyond the other drivers’ insurance limits. The uninsured motorist also covers your vehicle and passengers if you are involved in a hit and run accident. Each state has different mandates on whether you are required to carry this type of policy. For more policy information continue reading our best car insurance policies article.
3) Q: How does my personal credit play a role?
Insurance carriers run credit scores to help determine policy premiums. Your insurance rates will likely be lower if you have an excellent credit score. On the other hand, your insurance rates may be higher if you have a poor credit score. Insurance companies believe credit scores are an indicator of whether you’ll make your insurance payments on time and credit scores combined with other data can be predictive of risk. Check out the best companies for all credit scores now.