Enjoying the more than 100 man-made lakes in the state of Oklahoma is hard if you’re not complying with the state requirements for auto insurance. Oklahoma drivers must carry liability insurance coverage on any vehicle they plan to register and drive in the state. It’s the law, and if you choose to drive uninsured, you’re committing a crime. There are penalties in place for those who break the law in Oklahoma, and you certainly won’t appreciate them. Carrying the state-required auto insurance keeps you out of hot water, but it also keeps you safe and protected for some of the unpredictable things in life.
Oklahoma Car Insurance Requirements
To ensure that you are driving legal in Oklahoma, you need to carry an auto insurance policy that consists of the following amounts of coverage:
- Bodily Injury: $25,000 for 1 injury; $50,000 for all injuries
- Property Damage: $25,000
If you want to carry higher amounts of car insurance you can certainly do so. This will provide you with extra protection in the event of an accident.
Optional Car Insurance in Oklahoma
In addition to the above car insurance requirements, you have the ability to add optional car insurance to your policy. Since liability coverage required by the state covers only injuries and damages to the other party involved in the accident, you might want to talk to an insurance agent about adding on one or more of these policies. Optional insurance in Oklahoma includes:
- Uninsured/ Underinsured Motorists
- Rental Car coverage
Factors Affecting Oklahoma Car Insurance Rates
Car insurance rates are determined by numerous factors, which can change at any time, making it imperative for you to compare rates with several companies at least once per year. Some of the factors that influence the cost of your Oklahoma car insurance include:
- Driving Record
- Marital Status
- Educational Background
- City you reside
- Type of vehicle being insured
- Insurance History
- Deductible Amounts
Some of these factors are things that you cannot control, but some you can influence. For example, keep your driving record clean by avoiding accidents and getting traffic tickets. Even one infraction ca increases your rates by as much as 30%! Also, consider increasing the amount of your deductible. A higher deductible means that you are assuming more risk, but if you are a safe driver it can also result in significant savings on the cost of your policy.
Oklahoma Car Insurance Discounts
When you’re ready to purchase insurance, make sure that you look for car insurance discounts to reduce the costs of your coverage. There are many of them out there, and these discounts can add u to some pretty nice savings over the course of the year. Do not be shy, and make sure that you ask an insurance agent about the discounts that you might qualify for. Common discounts include:
- Loyal Customer discount
- Multi-Car discount
- Multi-Policy discount
- Safe Driver discount
- Good Student discount
Oklahoma Car Insurance Quick Facts
Proof of insurance must be kept inside of your vehicle at all times. This proof must contain your name, address, NAIC number, your car’s year, make and model and the date your policy started and the date that it ends.
Oklahoma also uses an electronic verification system to ensure that you have the proper state-required insurance in place. Your insurance company should provide information to the state that suffices that you have insurance coverage in place.
Oklahoma driver’s pay an average of $1,517.89 annually to drive legally in the state. This is a 5% higher rate than the national average. Your rates may be higher or lower than this amount, based upon the many different factors listed above.