Oklahoma Car Insurance

Oklahoma car insurance is a valuable commodity. Not only is it the law in Oklahoma to carry insurance on all operational vehicles, it is beneficial for you and for other drivers to carry Oklahoma auto insurance. The protection that car insurance for OK drivers offers should not be undervalued, and if you have ever been in an accident, then you are well aware of this fact.

Required Minimums for Oklahoma Auto Insurance Coverage

Although the minimum liability coverage that all drivers are required to carry is higher than the national average, it is balanced by the fact that the average premium is around $700, which is around $200 less than the national average. This means that a good driver with Oklahoma car insurance is paying less money for more coverage. The Oklahoma minimum liability coverage is:

1. $25,000 for injury or death of one person
2. $50,000 for injury or death of more than one person
3. $25,000 for damage to property

In most insurance policies, the liability coverage is often shown as 25/50/25 rather than spelled out.

It is highly recommended that drivers carry more than the required minimums for their car insurance. A car accident can take a heavy toll on your finances and having adequate coverage often is the only reason that many drivers are able financially to survive the ensuing costs. This is because Oklahoma is a Tort law state, which means that if someone is injured in a car accident and you are found to be at fault, you are required to pay all expenses related to that accident. If you do not have adequate coverage, then the injured person is able to sue you in civil court to recoup their costs.

Consider, also, the rising cost of medical services. In the event that you are in an accident that causes injuries to yourself or others, if you are at fault then you are responsible for the costs. In Oklahoma, the average cost of one night in a hospital without surgery is about $1,200. This is for standard care; the cost of a surgery can increase the initial costs by around $7,000 plus the cost of care, medication, doctor’s costs, lab costs, etc. As you can see, Oklahoma car insurance will save you money if you are in a car accident.

How to Choose the Best Oklahoma Car Insurance Policy

Choosing the right car insurance for your situation may require a bit of research. Every person has different needs, and it is up to you to determine how much coverage you would like to have. Some of the things you should take into consideration when determining your insurance needs are:

1. Are you married or single – often a single person has less obligations and as such does not need as much coverage as someone with a family.
2. Do you have health insurance – some health insurance policies will help cover the cost of your injuries, however, you should check with your health insurance company before considering how much injury coverage you need.
3. Do you have disability insurance – if you have disability insurance that will pay for your time out of work, then you can consider lower coverage.

Type of Oklahoma Car Insurance

Other than your required minimums, there are several other types of Oklahoma auto insurance that you should consider purchasing for your vehicle. The more coverage you carry the less stress you will encounter if you are in an accident. Oklahoma insurance companies offer the following additional options for your auto insurance policy:

1. Comprehensive coverage – covers your vehicle for damage or loss not caused by a car accident, such as theft, weather damage, fire, etc. (cost varies per vehicle type.)
2. Uninsured motorist coverage – covers your costs in an accident if the person at fault in an accident is not covered by Oklahoma auto insurance. Oklahoma state law protects the motorist from an increase in premiums if they have to make an uninsured motorist claim. (Average premium increase of $70 for 25/50 coverage)
3. Underinsured motorist coverage – pays the difference in cost for injuries or car repair not covered by the at fault drivers insurance. (This is only available for use if you are not at fault for the accident). (Average premium increase of $50 for 25K of coverage)
4. Rental reimbursement – covers the cost of a rental car while your vehicle is being repaired or replaced after an accident. (Average premium increase of $19 for $30 a day coverage)
5. Towing and labor – covers your vehicle if it breaks down and may cover flat tires, locksmith and jump-starts. (Average premium increase of $6)
6. Medical payments – additional coverage for the injured passengers in your vehicle. (Average $50 premium for $2,000 of coverage)
7. GAP insurance – usually a separate insurance policy that covers the amount owed to your finance company that exceeds the actual value of your vehicle and can only be claimed if your vehicle is totaled in an accident. (Cost varies per vehicle)
8. Excess electronic equipment - covers the cost of electronic equipment in your vehicle if damaged or lost in an accident. (Cost varies based on determined value of equipment)

Oklahoma Auto Insurance Discounts

There are ways to get discounts on your Oklahoma auto insurance included having a good driving record, extra safety features on your car, and more. When you are exploring your Oklahoma auto insurance options, make sure to investigate all of the discounts available and use all that you can.

Save Money by Getting Oklahoma Car Insurance Quotes Online

The most important thing to remember when purchasing Oklahoma auto insurance is to get quotes from multiple sources. By using the quote tool above, you can get Oklahoma auto insurance quotes from many companies and choose the best one for you. Get started saving some money today!