#Cheap #car #insurance #in #oklahoma
Cheap Insurance Oklahoma
Surprisingly, Oklahoma’s insurance rates are higher than the national average. That’s not to say there aren’t ways to find the many options for cheap Insurance Oklahoma has available. It just might take a bit more digging. Overall, the average price for an annual auto insurance policy hovers around $1,500, but can be as high as $2,000 depending on the study.
Smart shoppers will get as many competing quotes as they can before they make their purchase. In general, the more densely populated areas will have the highest insurance rates. This is true for any state, but in Oklahoma the differences can be drastic because of the number of rural areas. Despite the fact that Oklahoma requires all drivers to carry current insurance, the rate of uninsured drivers is still around 24%, which is considerably higher than the average nationwide.
Auto Insurance Requirements
Oklahoma law requires at least the following coverage on all operable vehicles:
- $25,000/$50,000 bodily injury liability (per person/per accident)
- $25,000 property damage liability
- There were 70,000 traffic crashes in 2012, 642 of which were fatal.
- Over 82,000 vehicles were stolen in 2012 statewide.
- There were 2.4 million licensed drivers in the state as of 2012
- Over 18,000 people were arrested for drunk driving in 2012.
- Oklahoma legislators recently passed House Bill 2367 which allows private driving school instructors to administer behind-the-wheel exams, thereby relieving long lines at the DMV.
This information, while not exhaustive by any means, can be used by consumers to get a better idea of how companies calculate their insurance rates.
The Insurance Commissioner’s Office’s FAQ page answers a lot of insurance questions, include fraud protection and rate questions.
The Oklahoma Insurance Department has a detailed guide on understand your car insurance policy. It explains coverages in greater detail, as well as the state’s requirements and what to do in the event of an accident.
The Department of Public Safety has information on licensing, vehicle registrations, and motor vehicle laws.