East Coast Auto Insurance offers top rated Oklahoma auto insurance companies from Allstate to Geico and Progressive and 21st Century. We will help you find suitable coverage no matter what your driving history is. Call us now at 888-206-0565 for immediate assistance.
Like most states Oklahoma is governed by ‘tort’ laws – which simply means that fault will be determined and assigned if you are involved in an accident.
To that end the state requires everyone that owns and operates a motor vehicle, establish ‘proof of financial responsibility’.
You can make a deposit of $75,000 with the Oklahoma Department of Public Safety, or obtain a surety bond for that amount, or simply purchase a liability policy.
Should you decide to buy an insurance policy, the state requires the following minimums:
- $25,000 bodily injury for one person, per accident (including death benefit)
- $50,000 bodily injury for two or more persons, per accident (including death benefit)
- $25,000 property damage
Should you be at fault in an accident, the minimum requirements are far from sufficient to properly cover all damages, especially from the possible lawsuits that usually follow.
Our professionally trained agents will assess each individual’s status, quote appropriate limits and offer additional coverage to include Personal Injury, Uninsured/Underinsured motorists, collision, comprehensive and umbrella coverage – all intended to cover you and your assets, at an affordable rate.
What are the rules and guidelines auto insurance companies must follow regarding the use of Personal Credit History in selecting applicants and setting rates?
In the state of Oklahoma, auto insurers are permitted to use Personal Credit History to help determine which products they will offer as well as rates. Your Personal Credit History may also be used to determine whether you will be making monthly or quarterly payments or if you will be required to pay the entire premium upfront. Personal Credit History is also used to create an “insurance risk score.” This score also helps determine your auto insurance rates. In order to enjoy a lower insurance premium, pay your bills on time in an effort to improve your score. This will also help improve your credit history so that in the long run, you can save money on your car insurance premium. That said, Personal Credit History is not the only assessment tool Oklahoma auto insurance companies may use. They also consider age, gender, where you live, car make and model, how much you drive, and driving record.
Is the state a No Fault or Tort state? What does either mean to the policy owner?
The state of Oklahoma follows a Tort System. What this means is, if you are involved in an accident, someone must be found to be the cause or fault of the accident. The person deemed at fault is responsible for all damages. Damages are usually handled through the at-fault person’s insurance company. Because Oklahoma is a Tort state, most insurance companies recommend that driver’s consider carrying higher coverages than the state minimums.
What is the average auto insurance premium in this state? As of what year?
As of 2006, Oklahoma resident’s average insurance premium was approximately $659 the 38th most expensive in the nation. This was down 2.9% from the previous year. The national average was $817.
In the state of Oklahoma, drunk drivers cause 32% of all fatal car crashes. The state recorded 765 fatal car crashes between 2006-2007 — 243 of them were alcohol-related. Sadly, most drivers had a blood alcohol concentration level (BAC) over 0.08%. Although fatal car crashes decreased slightly in 2007 from previous years, the state of Oklahoma continues to come down hard on drunk drivers.
Much like the rest of the U.S., in the state of Oklahoma, car crashes are the leading cause of injuries and death among teens, specifically 16-19 year olds. In fact, the car accident risk for this age group is four times the risk for any other group of drivers on the roads today. In response to these unsettling facts, all states across the U.S., including Oklahoma, have adopted some form of the Graduated Driver Licensing (GDL) system.
Call now to get a quote 888-206-0565
We place coverage only with top rated companies such as
- 21st Century
- Liberty Mutual
- AARP
- Nationwide
- AIG
- Progressive
- Allstate
- State Farm
- Esurance
- Travelers
- Geico
- Zurich
- Kemper