Tulsa is the second-largest Oklahoma city. It contributes a large amount to the 2.5 millions licensed drivers. Tulsa has more 400,000 inhabitants. This makes it a densely populated city with a high road accident index. The Oklahoma Highway Safety Office recorded 1,459 car crashes in 2019, 38 of which were fatal. To be legally able to drive, car owners must have the minimum liability coverage required by state vehicle insurance laws. You are taking a financial risk and could be subject to penalties or suspension if you don’t have adequate insurance.
Tulsa drivers pay more than the average Oklahoma car insurance rates. They are charged $555 per annum for minimum coverage, and $2,108 for full coverage. These rates may vary depending on the individual.
You will want to compare quotes from different providers so you can find the best quote for your coverage. Bankrate compared the prices of several providers in the area based on their average premiums and third-party customer satisfaction ratings. This year, Tulsa has been voted the best auto insurance.
The best car insurance companies in Tulsa
These car insurance companies are a standout in the overcrowded auto insurance market because of their customer service, competitive rates and high ranking in the Oklahoma industry.
| Insurance company | J.D. J.D. | Minimum coverage: Average annual premium | For full coverage, the average annual premium |
|---|---|---|---|
| Allstate | 830 / 1000 | $618 | $2,499 |
| Farm Bureau | Not rated | $515 | $2,122 |
| Geico | 834 / 1000 | $339 | $1,126 |
| MetLife | Not rated | $715 | $3,179 |
| State Farm | 826 / 1000 | $481 | $1,887 |
| USAA | *876 / 1000 | $390 | $1,508 |
*USAA is not eligible for rank due to membership restrictions. Power
Allstate
Allstate offers a wide range of coverage options to Tulsa motorists. This means that you can get more than basic coverage at a fair price. Allstate offers multiple options to protect your vehicle, whether you are looking to insure a high-end luxury car or rideshare drivers. The annual premium may be a bit high, but the features and discount available might help to balance your monthly income. You may be eligible for an early signing discount if you sign off on your Allstate policy at least one week before your current policy expires.
Farm Bureau
Farm Bureau is open to all residents of Tulsa, not just farmers. To be eligible for its auto coverage, an annual membership fee must be paid. However, once you are a member, coverage options such as additional transportation expenses, become available. If your vehicle is covered under Oklahoma Farm Bureau but becomes unusable due to covered losses, you may be eligible for rental fees, temporary living, and dining expenses. You will usually be assigned a local agent when you sign up. This ensures that you have a personal customer service experience. You can apply for Oklahoma Farm Bureau discounts like the Driver Longevity Credit. This rewards those who have been with Oklahoma Farm Bureau for at least one calendar year.
Geico
Geico is not only a top-rated insurance company in the nation, but it also offers the lowest average minimum and full coverage rates for Tulsa. Geico offers comprehensive policies or bare-bones coverage. Geico, a Maryland-based insurance company, insures almost any kind of vehicle you own, from motorcycles and watercraft to name a few. There are also discounts available depending on your eligibility. Discounts are available for new vehicles, defensive driving, multi-vehicle and bundling policies, as well as being in the public service. Geico reports that its auto insurance offers additional incentives for drivers who are looking to save more than $500 .
MetLife
MetLife, which is not rated in the Southwest region of Oklahoma, has been providing insurance services since 1972. It is the 15th most popular home and auto insurance in the country. MetLife offers discounts to Tulsa residents who bundle policies and reports an average savings of $906 annually. Beyond basic coverage, there are many other protections available. These include the company’s repair network and additional identity theft protection. Some occupations may be eligible for discounts up to 15% on premiums.
State Farm
State Farm is the biggest insurance provider in the country. You can get up to 40% off your premiums with discounts. Drivers can save up to 30% with the Drive Safely and Save program. There are also savings for customer loyalty, anti-theft systems and being accident-free. As part of 2020 J.D., State Farm was ranked among the top five insurance companies in the Southwest region, Oklahoma. Power Auto Insurance Study. It also offers high-tech online tools that simplify the purchasing, filing of claims, and asking for assistance.
USAA
USAA is a great option for national service personnel, whether you’re part of the Air National Guard or active duty military, or retired vets. USAA policyholders can receive special considerations when they store a vehicle or deploy to a base. A new offer for safe driving savings is available to policyholders. This offers up 30% off their renewal, based on safe driving habits.
Tulsa has the lowest car insurance
Because of the dense population and heavy traffic, car insurance in Tulsa is usually more expensive than elsewhere. Oklahoma’s average annual cost for full coverage is $1,873, while Tulsa costs $2,108. Many of the best providers in the country offer affordable car insurance policies which make Tulsa coverage more accessible.
Below is a table that shows the market share of Tulsa’s cheapest car insurance providers.
| Insurance company | Minimum coverage: Average annual premium | For full coverage, the average annual premium |
|---|---|---|
| Geico | $339 | $1,126 |
| USAA | $390 | $1,508 |
| Farmers | $420 | $1,350 |
| State Farm | $481 | $1,887 |
| Mercury | $505 | $1,858 |
Geico and USAA offer the lowest premiums for drivers in Tulsa. Rates range from $165 to $216 below the city’s average for minimum coverage. USAA coverage is available to only retired and active members of the U.S. Military. Four of the five above-mentioned providers have apps that offer safe-driving discounts and other benefits, including USAA’s SafePilot program. Although Mercury doesn’t have a safe-driving app but it offers savings for those with a clean driving record. It also offers the RealDrive app that allows drivers who drive less to save money on their policies.
Although each provider may offer coverage at lower rates than the average for Tulsa you should consider how discounts and add-ons affect your final premium. If you’re switching providers, make sure you have the same coverage as your previous provider if you want to get the same protections for a lower price.
Tulsa Insurance requirements
To be able drive in Oklahoma, you must have auto insurance. The minimum insurance coverage is:
- Bodily Injury: $25,000. Per person, $50,000 per accident
- Property Damage: $25,000 per accident
The minimum coverage does not protect you if you cause injury to another person’s vehicle, property, or person. You will need more coverage to protect your vehicle and yourself against injury. Tulsa has dense traffic and a high rate of road accidents. Tulsa is also subject to inclement weather several months per year. Driving in snow, rain, or sleet can pose a safety risk. To protect against financial loss and unforeseen damage, full coverage auto insurance is highly recommended.
Tulsa car insurance discount
Discounts are a great way to reduce the annual premium. Tulsa car owners can receive discounts depending on many factors.
- Loyalty to an insurer: Customers who stay with the company for a long time may receive discounts or price reductions.
- Good driver: Some insurers in Tulsa will offer price reductions to drivers with clean driving records and no claims.
- Bundling of policies: Many times, bundling discounts are available when you purchase your auto insurance as well as your home or renters’ insurance policies from one company.
- Safety features: Insurance companies in Tulsa will offer you a lower rate if your car has more safety features (airbags and anti-lock brakes, etc.).
- Anti-theft devices. The dashboard camera, steering wheel lock and car alarm all reduce the chances of your car being stolen. Many providers offer discounts to customers who have these features installed.
Questions frequently asked
Which is the best auto insurance company?
There are many options in the auto insurance market. However, not all companies will work for everyone. The best car insurance company will depend on your needs, your budget, and your extensive research into the options in your area.
What is the cost of car insurance in Tulsa?
Tulsa drivers pay more for car insurance due to the high density of its residents. Drivers can expect to pay $555 per year for minimum coverage. Full coverage will cost $2,108 per year. These rates are higher than the average for car insurance. However, states such as Louisiana and Florida offer lower rates. The actual rate you receive will depend on many factors, including your driving record, age, and coverage options.
What amount of car insurance do you need in Tulsa
To be allowed to drive in Tulsa, you must have basic liability coverage. Oklahoma’s minimum liability requirements are 25/50/25. Comprehensive coverage, or collision, is strongly recommended in order to protect against theft and flood damage.