Oklahoma Car Insurance

Having car insurance in Oklahoma is important because it protects you financially if you are involved in a traffic accident leading to property damage and bodily injuries. According to section 7-324 of the Oklahoma Statutes, all drivers in Oklahoma are required to have liability insurance. If you are at fault for an accident, liability insurance will cover the property damage and medical expenses for the other party involved. Liability insurance will not cover your expenses, but there are additional coverage options available that will, such as uninsured motorists, comprehensive, and collision insurance, though none of these are required by law.

Required Coverages in Oklahoma:

  • Bodily Injury Liability Per Person: $25,000
  • Bodily Injury Liability Per Accident: $50,000
  • Property Damage Liability: $25,000

If you do not have auto insurance in Oklahoma, you must surrender your driver’s license to the Oklahoma Department of Public Safety, and, once you obtain insurance, you must pay the administration fees associated with getting your license back. If you fail to surrender your driver’s license and are caught driving, your license and your vehicle will be confiscated, according to section 7-605 of the Oklahoma Statutes.

Determining Your Rate in Oklahoma

Each person’s insurance rate in Oklahoma will differ because insurance companies use several factors to help determine your rate. They will look at your credit score, driving record, age, sex, marital status, vehicle type and use, and where you live. Things like having a low credit score, a poor driving record, and living in an area with a high number of reported traffic accidents can raise your rate. Likewise, males, single individuals, and drivers younger than 25 usually have to pay higher insurance rates.

The Insurance Information Institute shows that the average cost for liability insurance in Oklahoma is $394, whereas the national average is $474. However, what you actually have to pay will most likely be different from the state average. The Oklahoma Insurance Department provides a rate comparison chart from which you can pick one of the five scenarios that best applies to you, and then see what kind of quotes are typically offered by insurance companies in Oklahoma.