As a driver in Oklahoma, you are responsible for buying insurance for your vehicle before you can register it. Here are some tips to help you decide which auto insurance policy is the best to buy.
Look around for a good policy. Auto insurance premiums vary between auto insurance companies. So do yourself a favor and shop around first before you settle on auto coverage. By calling around to 3 or 4 different car insurance companies, you will get a few different quotes. This will allow you to buy the best deal on auto insurance coverage in Oklahoma. If you're not sure where to look, start in your local yellow pages. You can also talk to friends and neighbors about insurance companies they have dealt with over the years. Or you could surf to popular national insurance company websites like All State, Farmers and State Farm.
In the state of Oklahoma, you will pay around $650 a year for auto insurance.
Know the minimum state requirements for insurance. In Oklahoma, your insurance policy must meet certain minimum liability coverage requirements. You'll need at least $25,000 for single death or injury, $50,000 for total death or injury and $25,000 for property damage caused by an accident.
Oklahoma operates under a "tort" system, which means that at-fault drivers must pay all the fees and expenses of the victim(s) after an accident. These will include all medical bills, auto repair bills, and fees related to pain, suffering and loss of wages. Even though uninsured/underinsured motorist's coverage is not a legal requirement in the state of Oklahoma, it is still something you want to buy as part of your auto insurance policy. Additional coverage like this will ensure that you are financially protected in case of an accident where you are to blame, saving the worries of having to pay out-of-pocket for accident expenses that exceed your policy's coverage.
It is okay to leave drivers off of your policy. In Oklahoma, as in most other states, the law allows for certain drivers in a household to be left off of an insurance policy. These excluded drivers will be listed in the exclusions section of your insurance policy, where you'll also find all of the specific circumstances that would remove responsibility from your insurance company for paying any claims made by these excluded drivers. Make sure that you fully understand your insurance policy before you agree to omit coverage on some drivers in your household. While it could save you a little bit of money up front, it is a big gamble that could prove costly after an at-fault accident by an excluded driver.
Aim for a good credit score. You may be surprised to learn that your past credit history will come into play when determining your premiums for auto insurance in Oklahoma. Auto insurance companies will look at your credit score to determine whether or not you are an insurance risk, and will settle on a premium accordingly. They will also consider your age, gender, location, car and previous driving history when determining the auto insurance coverage they'll offer you in the state of Oklahoma.