There are all sorts of drivers on Edmond OK roads. Some drive vehicles with full insurance coverage, while others have insufficient or no coverage at all. The latter drivers are risky and irresponsible because there are many cheap car insurance Edmond OK companies where they can purchase their auto coverage from and can also add a huge burden to other motorists when they cause an accident. Still, the law in each state mandates each driver to carry enough coverage before getting behind the wheel or face legal penalties.
Every driver in Edmond, Oklahoma, should be adequately insured, and if not, you’re breaking the law. The state minimum requirement comprises a bodily liability coverage of $25,000 per person, $50,000 per accident, and $25,000 for property damage. You shouldn’t get on the road without this bare minimum and, whenever possible more coverage limit than this.
In fact, you can talk to one of the agents in Edmond OK car insurance companies about the best coverage limit based on your personal circumstances. This will protect you and others in case you’re injured in a future auto accident. The following are ways of getting cheap car insurance in Edmond, OK.
The Best Cheap Car Insurance Companies In Edmond OK
Comparing rates with multiple Edmond OK auto insurances is the first step towards getting lower rates. Although insurance companies require similar factors when calculating premiums, they take a different approach when setting their quotes, thus the different prices in the market.
Some of the details that insurers are interested in are:
- Age
- Credit history
- Driving record
- Year, make, and model of your car
- Is your car financed or not
- Where you live
- Mileage per year
You will be able to cheap auto insurance Edmond OK as your car ages, your driving record, and your financial situation improve. Insurance companies have a wide range of discounts that significantly lower your insurance budget. So ask your agent the kind of discounts you’re eligible for or check on the company website if you’re shopping and comparing rates online.
Purchasing an insurance coverage with higher liability limits is recommended because although it’s quite expensive, it has higher liability limits, collision, and comprehensive insurance, thus adequate protection in the event of on-road and off-road accidents. This type of insurance coverage is called a full coverage policy.
You can shop around for affordable car insurance quotes Edmond OK, such as shown in the following table.
| Rank | Company | Annual Payment |
| 1 | Progressive | $875 |
| 2 | USAA | $961 |
| 3 | State Farm | $1,183 |
| 4 | Geico | $1,275 |
| 5 | Allstate | $1,341 |
| 6 | Esurance | $1,389 |
| 7 | American Family | $1,462 |
| 8 | Travelers | $1,541 |
| 9 | AAA | $1,589 |
| 10 | Liberty Mutual | $1,675 |
| 11 | MetLife | $1,746 |
| 12 | Safeco | $1,789 |
| 13 | Nationwide | $1,892 |
| 14 | Farmers | $1,975 |
Average Cost Of Car Insurance In Edmond OK
The average Oklahoma insurance cost is $1,294, while the average national cost is $1,385. That means Edmond OK car insurance companies offer premium rates slightly lower than the national average.
Since insurers calculate rates based on a driver’s profile, the annual insurance cost might be slightly higher or lower than the state average cost per annum. To maintain a clean driving record, switch to the cheaper car to insure, install safety features and drive less if you want to enjoy lower insurance rates.
Edmond Auto Insurance Requirements
Each state in the US sets its minimum liability car insurance coverage. The following is the minimum amounts for Edmond OK:
- $25,000 for bodily injury or death per person
- $50,000 for total bodily injury or death liability per accident
- $25,000 for property damage per accident
This liability coverage takes care of medical bills, damaged property costs, and other expenses that drivers, passengers, and pedestrians incur when you cause an accident but to the coverage limits. That means when you cause a serious car accident and your coverage is exhausted, you will be expected to pay the extra amounts out of pocket.
In view of that, the best auto insurance companies Edmond OK, recommend that drivers should purchase higher coverage to avoid overwhelming debts when they get into a serious crash with significant injuries and vehicle damages. In fact, a higher insurance limit protects your personal assets because they will be sold when you deplete your coverage and are unable to pay the extra amounts out of pocket.
Further, your liability coverage will pay for injuries and damaged property costs when any of your family members or an authorized person is driving your vehicle at the time of the accident. It will also kick in if you get into an accident while in a rental car.
However, the liability insurance coverage doesn’t apply to your personal medical and damaged vehicle costs but those of the third parties. Therefore, you need to purchase additional coverage that will cover these expenses in the event you’re involved in a car crash, yet there’s no one else’s insurance coverage available to pay for your losses, such as when you are hit by an uninsured motorist or involved hit and run accidents.
For that reason, you can shop around for cheap auto insurance Edmond OK for collision coverage that pays for repairs or replacements of your damaged car after a crash or comprehensive coverage that covers any other damages apart from a collision with another vehicle. These two insurance coverage are required when driving a financed or leased vehicle.
How To Get Cheapest Car Insurance Quotes In Edmond OK?
Insurance companies are interested in low-risk drivers or individuals with a clean driving history. Therefore, save drivers pay lower premiums and enjoy several discounts. Here are tips for getting cheap car insurance Edmond OK companies.
Opt for Less Car Insurance Coverage
Lower insurance coverage limits cost less. However, this is an option that should be approached with a lot of caution because it just needs a slight moment of distraction to cause an at-fault car accident.
Engaging in an expensive auto accident can exhaust your coverage limit and leave you with overwhelming debts because you will be required to pay the extra amount out of pocket.
Further, you may be hit by an uninsured motorist or an at-fault driver without insurance coverage, and in this instance, you will have to pay for your medical bills and vehicle damages from your pocket if you have a policy with less insurance coverage.
Therefore, rather than lowering your insurance coverage, you should add collision, comprehensive, uninsured, and underinsured motorist coverage and more in order to enhance your limit so that it can give you more protection in the event of an auto accident.
But you can opt for less car insurance coverage when storing your vehicle or planning to drive less. If not, stick to higher coverage.
Maintaining a Clean Driving Record for Several Consecutive Years
Keeping your driving record free of traffic offenses remains the most effective way of lowering your insurance budget because insurance companies charge drivers with an at-fault collision, traffic infraction citation, and DUI conviction a higher premium for they are a greater liability to them.
The following are ways on how you can maintain a clean driving record.
- Obey all allow traffic laws
- Never get behind wheels when under the influence of alcohol or drugs
- Drive less because it reduces the risk of being cited for a traffic offense or crashing
- Keep your vehicle in good condition to minimize the risk of crashing
Increase Your Deductibles
A deductible is an amount you pay out of pocket when you file a claim after a car is stolen, or when you get involved in an accident, or due to other damages. This amount ranges from $250 to $1,000 based on the policy. So you pay more annual premium when your deductible is lower and vice versa. You can discuss with your agent and calculate your premium will reduce by how many percentage points when you increase your deductible.
You can also pay lower insurance premiums when you pay minor claims out of pocket rather than filing them.
Consider Switching
Insurance companies will ask for details such as your age, marital status, driving history, credit score, year, make, and model of your car. But, these companies don’t use the same approach when determining policy rates, which explains why there is a huge variation in the market. With time, you will notice that an insurance company giving you cheaper rates had increased your premium when your situation changed, such as when you got involved in an auto accident or were convicted for a traffic offense.
So, shop around and compare rates with multiple insurers before renewing your car insurance policy.
Ask about Discounts
The best car insurance companies Edmond OK have a long list of discounts that they give drivers with good driving history, credit scores, and more. Ask for these discounts when shopping around for affordable rates because they can significantly lower your annual insurance premium. They include:
- Bundling your auto insurance with policies such as homeowners insurance
- Putting multiple cars under one policy
- Maintaining a clean driving record
- Paying your entire annual or six-month premium in lumpsum
- Accept your documents online
- Install anti-theft or safety features in your car
- Join a particular professional organization or affiliate group
Purchase a Vehicle that is Cheapest to Insure
Usually, insurance rates vary depending on the year, make, and model of your vehicle because different vehicles have a varying potential of engaging in an accident or being stolen. For instance, a car with less horsepower tends to have lower insurance premiums because it’s less likely to get into speed-related collisions. Thus insurance companies consider such a vehicle a lesser liability because of its few accidents or claims.
Edmond OK Car Insurance For Drivers With A Good Record
Drivers with a good driving record pay lower premiums, sometimes thousands less than others. Generally, Edmond OK auto car insurance companies offer drivers without any at-fault accident, speeding tickets, DUI convictions, or other infractions on their driving record lower rates and multiple discounts.
The reason behind these lower rates is that a good driver is more responsible behind the wheel and is less likely to get involved in a car crash in the future.
While maintaining a good driving record is the best strategy for getting cheaper insurance rates, there are other ways of keeping your insurance cost low. They include:
- Opting for a higher deductible
- Installing anti-theft devices
- Switching to a cheaper-to-insure car
- Bundling auto insurance with home insurance and other multi-policy discounts
- Improving your credit score
- Shopping around for lower insurance rates.
The following are the best car insurance companies Edmond OK for drivers with a good driving record.
| Insurance Company | Full Coverage |
| Allstate | $1,864 |
| Progressive | $1,962 |
| Travelers | $2,175 |
| American Family | $2,281 |
| Nationwide | $2,372 |
| MetLife | $2,466 |
| AAA | $2,589 |
| Esurance | $2,635 |
| State Farm | $2,689 |
| Geico | $2,751 |
Edmond OK Cheap Car Insurance Quotes For Young Drivers
In the Edmond, OK area, drivers aged 40 and below are considered less experienced on the road. As a result, young and new drivers are charged higher premiums than other age groups.
Teen drivers pay the highest insurance rates because they are the riskiest. A driver below 25 can request student discounts, especially when they have an average grade point of a B or higher.
More so, students in the Edmond, OK area are not charged insurance premiums based on their education, gender, or credit scores because the state government has banned the use of these factors when calculating insurance rates.
Although getting affordable car insurance quotes Edmond OK can be a hard task, younger drivers, particularly with accident–free records, should shop around and compare rates with multiple insurers. They can get quotes from companies not listed or small companies, ask for discounts such as safe drivers’ discounts, for attending safe driving classes or remain on their parents or guardian insurance plan.
Young drivers will be required to purchase collision and comprehensive insurance coverage when driving vehicles with active auto loans and leases. The following rates are for young motorists with a good driver discount. To get such cheap car auto insurance Edmond OK quotes, a young driver should check several rates from multiple insurance providers.
| Company | Annual Payment |
| State Farm | $2,461 |
| Geico | $2,583 |
| Allstate | $2,675 |
| Travelers | $2,781 |
| Esurance | $2,895 |
| Nationwide | $3,162 |
| Progressive | $3,287 |
| USAA | $3,361 |
| Farmers | $3,479 |
Cheapest Minimum Coverage For Young Good Drivers In Edmond OK
Although young drivers pay higher insurance premiums, these rates reduce as they age. Also, by maintaining an accident-free history, taking a defensive driving course, switching to a cheaper-to-insure vehicle, installing anti-theft devices, spending less time on the road, and more, young drivers can enjoy numerous discounts that can lower their premiums.
Further, the insurance industry in Oklahoma has many insurance providers, and so by shopping around, a good young driver can get affordable car insurance quotes Edmond OK for good young drivers searching for minimum coverage.
Here are some of the best auto insurance companies Edmond OK with the lowest average rates for good young drivers.
| Company | Annual Payment |
| Geico | $895 |
| Allstate | $974 |
| State Farm | $1,169 |
| Nationwide | $1,231 |
| AAA | $1,287 |
| Esurance | $1,362 |
| Progressive | $1,435 |
| Farmers | $1,487 |
| Travelers | $1,569 |
Cheap Car Insurance In Edmond OK After A Speeding Ticket
A higher mph can be thrilling, but it can lead to a serious car crash with costly medical bills, damaged property expenses, or even loss of lives. In view of that, insurance companies consider drivers with a speeding ticket a great liability and thus charge them higher insurance premiums.
Every time a driver gets a speeding ticket, some points are added to their driving record depending on their speed at that time. Insurance companies will use these points when calculating your policy premiums, which explains why speeding tickets will pay a higher premium than safe drivers.
A driver with a speeding ticket can try to negotiate with multiple insurers for a better rate. They can ask for discounts such as installing anti-theft and safety features on their vehicle, bundling multiple policies, paying your entire annual or six-month premium in lumpsum, and joining a professional club or affiliate group.
Still, a driver with a speeding ticket can switch to a cheaper-to-insure car or increase their deductibles. These strategies can help them access lower insurance rates even as they try to improve their driving history.
The following are cheap car insurance Edmond OK for drivers with a speeding ticket.
| Company | Annual Payment |
| Geico | $965 |
| State Farm | $1,189 |
| USAA | $1,275 |
| Nationwide | $1,362 |
| MetLife | $1,487 |
| Travelers | $1,561 |
| Farmers | $1,679 |
| Progressive | $1,745 |
| Allstate | $1,789 |
Cheap Car Insurance In Edmond OK After A Car Accident
Edmond OK car insurance companies will charge you a higher premium when you have a recent at-fault accident in your driving history. Some insurance companies will charge you as high as 44% or more than what you paid before the accident. Others may cancel your auto insurance policy, and as a driver, you may have lifelong guilt for causing an accident, especially when lives were lost or people were seriously injured.
This is regardless of whether the accident was small and had a minor impact. You still have to pay more because insurance companies consider you a risky driver. Charging risky drivers more premium helps insurers to caution themselves. However, you can get accident forgiveness which cleans your record, but you have to pay a one-time fee. Also, your application for accident forgiveness may not go through based on certain factors.
However, shopping around before renewing your insurance policy can help you find cheap auto insurance Edmond OK companies offering relatively lower rates to drivers after a car accident. You can also ask your agent for insurance discounts that you’re eligible for.
Here are some of the top insurance companies in the Edmond, OK area for drivers with a car accident.
| Company | Average Rate |
| State Farm | $1,871 |
| Allstate | $2,165 |
| MetLife | $2,289 |
| Travelers | $2,361 |
| Progressive | $2,475 |
| Geico | $2,583 |
| Farmers | $2,679 |
| Oklahoma Farm Bureau | $2,751 |
| Nationwide | $2,864 |
Cheap Auto Insurance Quotes In Edmond OK After A DUI
It’s a crime to drive under the influence because you’re putting the lives of other drivers, passengers, and pedestrians at risk. Drivers with a DUI on their driving history pay higher premiums than those without because they are a greater risk to the auto insurance company.
The process of getting out of a DUI is lengthy, costly, and complex. It comprises SR-22 filing, reinstatement fees, court fees, and you have to fill many forms.
You can shop around for affordable car insurance quotes Edmond OK after a DUI conviction because your current insurer might cancel your coverage or double the premiums. Take note that some insurance companies may reject your coverage, or they may charge you a higher premium for many years.
Here are the cheapest and the best auto insurance companies Edmond OK to DUI drivers.
| Company | Annual Payment |
| Geico | $1,569 |
| Progressive | $1,782 |
| USAA | $1,861 |
| Nationwide | $2,175 |
| State Farm | $2,274 |
| MetLife | $2,361 |
| Allstate | $2,485 |
| Famers | $2,561 |
| Travelers | $2,674 |
Cheap Auto Insurance Quotes In Edmond OK For Minimum Coverage
Minimum liability coverage is the cheapest car insurance in Edmond OK area. The coverage meets the state requirements but has a lower limit and premiums. However, it will not give you adequate protection in the event you engage in a serious accident.
The best car insurance companies Edmond OK recommends that drivers should increase their coverage limit by adding optional coverages to their insurance policy, such as collision coverage, comprehensive coverage, uninsured and underinsured coverage. This will adequately protect them and their assets when they get involved in a car crash.
Based on the following table, State Farms offers the cheapest rates for minimum coverage. This insurance company charges $561 per annum or $47 a month. Progressive is the second cheapest insurance provider that charges $652 per annum for the minimum coverage.
Still qualifying drivers can purchase minimum insurance coverage from USAA, which charges on average $341 per annum.
Therefore, minimum liability coverage can help you meet the state requirements but nothing more.
| Company | Annual Payment |
| State Farm | $561 |
| Progressive | $652 |
| Allstate | $698 |
| MetLife | $735 |
| Esurance | $782 |
| Geico | $841 |
| Farmers | $895 |
| Oklahoma Farm Bureau | $962 |
Cheap Car Insurance Companies In Edmond OK For Drivers With Bad Credit Score
According to Experian, the average nationwide credit score in 2019 was 703, and Oklahoma’s score stood at 682. Drivers with lower credit scores are charged more because they are high risk. Some of the contributing factors to a bad score are derogatory marks, deferred and defaulted payments as well as a higher debt level.
It’s possible to improve your credit score, and it’s well worth your time because it means lower insurance premiums, a greater chance of owning a home, and better interest rates.
On average, a driver with a bad credit score pays $2,159 per annum, while the one with a good score pays only $1,285 annually.
Still, such individuals can shop around for the best auto insurance companies Edmond OK, for drivers with a poor credit score.
Here are some of the average auto insurance quotes for such drivers.
| Company | Annual Payment |
| Geico | $1,165 |
| USAA | $1,241 |
| Travelers | $1,289 |
| Nationwide | $1,365 |
| Progressive | $1,471 |
| State Farm | $1,542 |
| Farmers | $1,587 |
| Allstate | $1,782 |
Cheapest Car Insurance Companies in Edmond OK for Seniors
Senior citizens pay more premiums because they’re responsible for 13.4% of Oklahoma’s 926 fatal traffic crashes reported in 2017. This high percentage of accidents makes senior drivers a greater liability to insurance companies. However, these drivers exhibit great care and caution while on the road compared to young drivers who get distracted easily or love higher mph.
On average, Edmond OK auto insurance companies charge drivers aged 65 and above $1,344 per annum for their full coverage. This is $45 above what an average driver pays for the same coverage.
Still, seniors can get cheap auto insurance Edmond OK companies when they shop around and look for age-appropriate coverage. They should also renew their licenses every four years and pass a vision exam when they turn 65. According to AAA, the license renewal is done at an in-person location while the vision exam is done once and after turning 65.
The table below shows some of the affordable car insurance quotes Edmond OK for senior drivers.
| Company | Annual Payment |
| Geico | $895 |
| Allstate | $1,187 |
| USAA | $1,265 |
| MetLife | $1,341 |
| Esurance | $1,389 |
| Nationwide | $1,461 |
| State Farm | $1,579 |
| Progressive | $1,684 |
Who Offers A Cheap Car Insurance In Edmond OK For Married Couple?
In this city, married couples are charged more than their single counterparts. The fact that they might have more than one driver on the insurance policy, a higher chance of having teen drivers as well, or more than one vehicle causes insurance companies to charge them higher premiums. Actually, they pay $145 a month on average, while their single counterparts pay $133 per month.
Still, their insurance rates might significantly drop because they’re eligible for many discounts. As a result, married drivers in the Oklahoma area can save nearly $169 per annum on their car insurance costs.
State Farm and Oklahoma Farm Bureau are some of the cheapest Edmond OK car insurance companies for married drivers. Shopping around and comparing will help married drivers to get affordable premiums and a host of discounts that can lower their car insurance costs.
Here are some of the best car insurance companies Edmond OK for the married couple.
| Company | Married Couple Rates |
| State Farm | $1,765 |
| Oklahoma Farm Bureau | $1,871 |
| Allstate | $2,289 |
| Geico | $2,361 |
| Liberty Mutual | $2,475 |
| MetLife | $2,581 |
| Nationwide | $2,673 |
| Progressive | $2,785 |
What Are The Different Types Of Edmond Auto Insurance Coverage?
You now know how to get cheap car insurance Edmond OK premiums for different situations, i.e., after an at-fault accident, speeding and distracted ticket, married couples, young drivers, poor credit score, 65 years and above, and more. There are various types of auto insurance and coverage that you should know in order to choose the right policy for you. The following are various types of car insurance types, what they cover and how they work.
Personal Injury Protection Insurance
The coverage pays costs such as medical bills, lost wages, replacement services like house cleaning and childcare, funeral costs as well as death benefits. The policyholder will get these benefits irrespective of who was at fault, but they will have to pay the deductible out of pocket when receiving them.
Classic Car Insurance
The insurance coverage covers antique or classic cars. These are vehicles that are at least 25 to 30 years old. The policy pays the agreed amount between the insurer and the vehicle owner, unlike the standard insurance that pays actual cash value, which factors in depreciation. Some of the vehicles you can insure through classic car insurance are exotic or luxury cars, vintage military cars, hot rods, and muscle cars.
New Car Replacement
This is optional auto insurance that pays the value of a brand new car minus the deductible. Under this insurance policy, the vehicle owner gets the same make and model of their stolen or totaled.
Original Parts Replacement
The add-on coverage allows you to repair damaged parts of your vehicle using the original manufacturer parts because they meet the highest quality standards. However, when these parts are no longer in production or available for your car, the mechanic can use reconditioned or comparable parts.
Towing and Labor Insurance
The coverage protects you against roadside breakdowns like dead batteries, flat tires, and lockout. Therefore your insurer pays for towing your vehicle to the nearest mechanic and the labor cost at the breakdown scene.
The towing and labor insurance must be coupled with comprehensive and collision insurance coverage.
Liability Coverage
The auto liability insurance coverage covers third parties’ medical bills and the repair costs of their damaged vehicle as a result of an accident that you’re responsible for. That means your insurance carrier will absorb these expenses minus your deductible and up to your policy limit.
Therefore, liability coverage doesn’t cover the policyholder, hence the need to purchase additional coverage such as collision and comprehensive coverage to yourself and your vehicle. Liability coverage is a mandatory requirement in most states in the US, but you can shop around for the best auto insurance companies Edmond OK offering cheaper rates for enhanced coverage.
Collision Insurance
This coverage pays for damages stemming from an auto crash or those incurred when driving your cars, such as hitting an object like a fence or lamppost. It’s a requirement when your vehicle is leased or financed. In most instances, insurers pair collision and comprehensive insurance coverage and add to the standard insurance policy to enhance protection.
Underinsured Motorist Insurance
This is additional coverage that protects the driver when engaged in an auto accident with a motorist with insufficient insurance coverage. The insurer of the at-fault driver is expected to absorb the losses up to the policy limit, but in the event that an underinsured motorist hits you, their coverage will not be enough to pay for your medical bills or the repair of your damaged vehicle, and that is when this coverage comes in to protect you from overwhelming expenses.
Roadside Assistance
The breakdown cover or roadside assistance coverage helps you get back on the road when your vehicle breaks down. So your service provider sends a roadside contractor to solve the problem or a truck to tow your car to the nearest motor mechanic. However, this has to happen within the service limits.
Some of the standard roadside –assistance services are battery replacements, jumpstarts, tire changes, breakdown tows, key recovery, and emergency fuel.
Comprehensive Insurance
This is an optional coverage that will pay for damages that arise from sources other than collisions. These are damages like vandalism, fire, theft, earthquakes, riots, trees, animals, explosions, and more.
Collision coverage is different from comprehensive in that it only pays for damages that occur when driving your cars, such as hitting a tree, fence, or another vehicle. However, when you swerve and hit a deer or the animal damages your windscreen, comprehensive insurance takes care of such costs.
Uninsured Motorist Insurance
The auto insurance coverage protects a policyholder against an irresponsible driver or someone without insurance. So the uninsured motorist insurance pays for injuries and property damages of the policyholder and their passengers when they get involved in an auto accident where the at-fault driver is uninsured.
Major Parts Replacement Coverage
The coverage allows you to replace major parts of your car such as batteries, brakes, and tires irrespective of their depreciation value, wear and tear at the time of the accident.
Gap Insurance
A regular insurance policy covers the depreciated value of your car or pays you the current value of your vehicle in the event of an accident. This value is less if the vehicle was financed and the loan amount is higher than the market value of your vehicle itself.
Therefore this coverage pays the difference between the regular insurance payment and the amount you owe on it.
Rental Reimbursement Insurance
The insurance coverage helps to keep you moving as your car is being repaired after an auto accident. So rental reimbursement insurance pays for the costs of getting a rental car or public transportation expenses as the mechanics work to repair your vehicle regardless of who was at fault during the car accident.
Medical Payments Coverage
This type of insurance coverage pays medical and funeral expenses for the policyholder, family members driving the car, as well as any passengers after an auto accident regardless of who was at fault. Also, the coverage follows the policyholder or remains active whether they are riding in someone else’s car, walking, or in public transportation.
Does Motorcycle Insurance In Edmond OK Have The Same Coverage As Car Insurance?
Both motorcycles and cars have insurance needs that tend to be similar to a certain degree; for instance, they both cover the driver, passengers, pedestrians, and the vehicle or bike in the event of an auto accident.
The following are some of the common insurance policies.
Comprehensive Coverage: The policy covers the vehicle or bike against damages caused by hailstorms, fire, lightning, theft, explosions, and vandalism, among others.
Collision Coverage: The insurance covers damages caused by collision with another vehicle, bike, fence, lamppost, or tree.
Liability: The insurance coverage takes care of bodily injury and property damage costs that may stem from an accident while operating an insured vehicle or motorcycle.
Medical Payments Coverage: The insurance coverage pays for medical expenses experienced by the drivers and their passengers regardless of who is at fault.
Uninsured/Underinsured Motorist: The insurance coverage provides protection against accidents involving drivers with inadequate or no insurance coverage.
Required Coverage
Each state has its car and motorcycle insurance requirements. This explains why some states don’t have minimum motorcycle insurance requirements. On the other hand, those states with minimum motorcycle insurance have similar requirements such as:
- $30,000 in bodily injury labiality per person.
- $60,000 in bodily injury liability per accident
- $25,000 in property damage liability.
Therefore both motorcyclists and drives must carry these requirements.
Differences in Coverage
Insurance companies have customized motorcycle policies differently from auto policies. For instance, a motorcycle has sidecars and safety equipment such as helmets, and insurers offer additional coverages to help motorcyclists upgrade and buy gear as a result of loss or damage because of vandalism, wind, theft, rain, fire, etc.
Guest passenger liability covers recreational vehicles like motorcycles. This policy covers medical expenses when your passenger is injured in a motorcycle accident where you’re at fault. However, the guest passenger liability is different from personal injury protection and medical payments because it only covers the injured passenger’s medical expenses when you’re the at-fault motorcyclist, while the latter two provide compensation for injuries regardless of who caused the auto accident.
Is Motorcycle Insurance more Expensive than Car Insurance?
Generally, motorcycle insurance is less costly than car insurance despite its poor reputation because of its size and other factors.
What Factors Affect An Edmond OK Driver’s Car Insurance Rates?
Your Age: Teens and young drivers pay more than other groups because they have less driving experience. For instance, a teen is charged $4,418 above what drivers in their 20s pay per annum. However, these rates reduce as they age.
Your Marital Status: In the Edmond, OK area, a married couple pays more premium than a single driver because their car insurance policy is likely to have more than one driver as well as teen drivers. However, they can get cheaper rates when they bundle their auto insurance with other policies or insure multiple vehicles using the same insurer.
Your Gender: The majority of insurance companies have dropped this requirement when calculating insurance premiums. However, there are different rates for female and male drivers, which can vary by 3 percent.
State Requirements: Like other states, Oklahoma sets its minimum liability requirement and categories of required coverage. Your insurance policy is likely to become more expensive as your coverage increases.
Your Driving History: Your driving history is an important factor that insurers use to determine whether you are a greater liability or not. A driver with a clean driving history is rewarded with lower premiums and discounts. However, a driver with an at-fault accident, speeding ticket, or DUIs may find it challenging to find cheap auto insurance Edmond OK than those without.
Your credit Score: The law allows insurers to use your credit score when determining your insurance premium. So insurance companies correlate your credit score with your responsibility and reliability. In view of that, drivers with poor credit histories pay higher insurance premiums than those with good scores.
Your ZIP Code: Insurance companies are interested in your ZIP code when calculating your premiums because it helps them when determining the prevalence of auto thefts and acts of vandalism. You will pay more to insure your vehicle when your ZIP code has higher rates of vandalism, theft, and uninsured drivers.
Yearly Mileage: You will pay higher premiums if you have a long commute because you are more likely to get into an accident, speeding ticket citation, or DUIs conviction, among others. Drivers who get behind the wheel for leisure are rewarded with lower premiums and discounts.
Car Make and Model: The auto market in Oklahoma has many vehicles, but some of them are a greater liability to the insurance industry than others. This is because some cars have a higher likelihood of being stolen than others hence expensive claims, while others have better safety ratings which can help you qualify for discounts. For instance, it’s more costly to insure full-size Ford pickup and Honda Accord because of their high risk of being stolen.
High-risk Violations: You should drive safely and obey traffic laws because your annual premium will likely jump from 20% to 200% after a car accident or traffic violation. Some of the contributing factors are; the severity of the breach and whether it’s a first-time offense. Drivers with several infractions are high-risk customers, and some insurance companies will use such violations when calculating your premiums for the next three years or more. You should shop around after three years because you might get better deals somewhere else.
How To Save Care Insurance Costs In Edmond OK?
You don’t need to spend more money on your car insurance because there are several strategies that you can use to make a huge saving. Therefore, review the following tips the next time you’re renewing your auto insurance policy.
Shop around for Better Car Insurance Rates
It’s possible to get lower insurance premiums in the Edmond OK area when you shop around. Also, insuring your car is a huge commitment, and so you should be an informed customer that cast their net wide in the insurance market to get the best rates.
With that in mind, shop around and compare rates before renewing your car insurance policy, especially when the situation changes, such as when you get an at-fault accident or are cited for violating a traffic offense.
Negotiate with Your Insurer
The Edmond OK auto insurance market is crowded and so finding the right policy for your needs is not easy. However, you can negotiate with your present insurer when renewing your auto policy, especially if you are a loyal customer and paid your premiums on time. You may also gain your insurer’s attention when you threaten to leave, and because they want to keep your business or views you as a valuable customer, then they may be forced to lower your premiums to make you stay.
Bundle Your Policies
You can purchase more than one insurance policy from the same insurer rather than having multiple companies. So, put your auto insurance, renters insurance, health insurance, life insurance, homeowners insurance under one policy and the same insurer. Bundling these policies will earn you multi-policy discounts, thus make your life easier. Also, it’s easier to allow the same insurer to handle your multiple policies than to deal with different providers.
Learn What Discounts you’re Eligible for
You can be eligible for a wide range of discounts that ranges between 5% and 30% depending on your policy. These discounts can greatly lower your insurance costs. For instance, young drivers can enjoy good student discounts as long as they maintain good grades, switch to a car that is not a bigger liability to insure or drive less.
Remember to ask your car insurance agent which discounts you are eligible for when renewing your auto insurance policy. Also, make sure they are reflected in your monthly statement.
Take a Defensive Driving Class
The most effective way of lowering your insurance budget is simply to be a safe driver. One way of becoming a safe driver is by taking a defensive driving course that gives the necessary tools to avoid getting into accidents or violating traffic laws.
Such drivers will enjoy discounts and lower premiums because they are less likely to engage in an auto accident in the future or file claims. So shop around for insurers offering such a deal because these incentives can give you enough insurance savings. Sign up for an accredited defensive driving course since every state sets its own rules pertaining to such courses. You can check about Edmond OK on GEICO’s website.
Install Anti-theft Devices
Most auto insurance companies will give discounts for installing anti-theft devices and other safety devices such as steering wheel lock, dashcam, and an alert system that are triggered when someone tampers with your vehicle.
Insurers will value you when you install such safety features because when you purchase comprehensive coverage that covers your car against theft and other damages unrelated to a crash, your insurance provider will pay the actual cash value less the deductible when it’s stolen, which is actually a big payout. However, installing these devices will lower the likelihood of your vehicle being stolen and also be eligible for discounts that can lower your insurance rates.
Consider Pay-per-Mile Insurance
The fact that you own a car doesn’t give you the reason to be on the road every day. Most driver racks up miles because of frequent road trips and lengthy commutes; however, those who occasionally use their vehicle to run errands pay lower premiums.
Enroll in a Telematics Program
There are many high-tech devices that you can use to track your driving habits. Allstate has made it easy by providing tools such as Drivewise and Progressive Snapshot that use GPS data to monitor your driving habits. These state-of-the-art telematics programs can tell you the time spent on the road, whether you obeyed the speed limits or were prone to sudden stops.
Insurers will reward you with multiple discounts when you practice safe driving habits or drive less, as shown by lower mileage, because this means reduced chances of getting into an accident or filing claims.
Improve Your Credit Score
The Oklahoma law allows insurance companies to check your credit score and use it when calculating your insurance premiums. Maintaining a higher credit score proves that you’re financially responsible so that insurers will reward you with lower premiums. You can shop around for lower rates as you work towards improving your credit score.
Increase Your Deductible
The higher the deductibles, the lower the yearly premium rates. This means that the annual premium reduces with an increase in deductible. A deductible refers to the amount you pay out of pocket when filing a claim after a car accident. So you should check with your agent how your rates will be affected when you raise your deductible.
Generally, deductibles range between $250 and $1,000 depending on your policy, and increasing the out-of-pocket amount can lower your premiums by several percentage points. Further, paying for minor claims out of pocket instead of filing them can maintain your annual premium low.
How To Buy Car Insurance In Edmond OK?
Most people consider the process of purchasing a car insurance policy intimidating; however, it’s an easy process that you can complete in few hours. The following are simple steps that you can follow when shopping and purchasing your car insurance.
Decide how you want to shop: Shopping for your auto insurance is easy because you may search for policies online through the insurance company website or marketplace such as Policygenius. An agent will help you choose an insurance policy that offers sufficient coverage and with a lower premium.
Gather Your Info: Your preferred insurance will request your details and your car’s information before filing the policy documents. So you have to provide your full names, date of birth, and the license number for each driver that will be included in this policy. Aside from your personal details, you should provide your car’s details such as the year, make, model, as well as VIN for each vehicle you’re insuring.
Choose Coverage Amounts: Information such as the type of coverage should be at your fingertips before shopping for your insurance policy. Most insurance coverages have basic components; however, you need more limits to avoid ending up with overwhelming debts after a car crash. But, the higher the limits, the higher the protection and premiums.
Fill out an Application: Insurance companies can only give detailed information such as exact quotes after filling out an application and submitting all the required details. This is because insurance companies calculate rates based on your personal information such as your age, marital status, location, credit score, driving history, and more.
Compare Your Quotes: The rule of the thumb is to get quotes from multiple insurance providers; however, this is not easy because the price is not the only factor that you should prioritize. Look for an auto insurance company that is financially sound to pay your claims and offers quality coverage. So look for independent reviews online before selecting your preferred insurer.
Pick a Policy: You can start to use your policy immediately you pay for it or need it.
Cancel Your Old Coverage: You should only cancel your older policy when the new one takes effect to avoid the risk of having a gap in coverage. In fact, let the new one start the same day the old one is expiring.
Car Insurance Edmond OK Questions And Answers
What is Uninsured Motorist Property Damage Coverage?
It’s coverage that takes care of your vehicle damages in the event that you’re involved in an accident with a driver who has no insurance. Therefore, your own vehicle will be repaired or replaced under your own policy since the at-fault driver has no coverage. Since it’s an optional coverage, you have to add it to your standard car insurance policy during renewal.
Do I have to file a Police Report after an Accident?
You will most likely need a police report when filing a claim with your insurer. This is also crucial when involved in an at-fault accident where more than one driver is involved because it serves as evidence of what happened and the scope of injuries and property damages.
What if I only get the minimum amount of car insurance required by my state?
State minimum car insurance is cheaper; thus, most drivers are tempted to stick to it. However, this minimum amount will cost you a lot more when you get involved in an at-fault accident and exhaust your limits. You’re more likely to be sued or your assets seized and sold because this limit will not cover all the expenses stemming from a serious car accident.
How Many Miles a Year Do You Drive?
Under 7,500
More than 15,000
An insurance company will calculate your premiums based on your mileage. A driver with over 7,500 miles a year or drives 30 miles to and from work every day has a higher risk of crashing or violating traffic laws.
Insurance companies such as Allstate give drivers with less than 7,500 miles a year a 15%-20% discount, and those with two vehicles can get a low-mileage discount on the least-driven vehicle. So ask about these types of discounts when you shop around.
What is Bodily Injury Liability Coverage?
The coverage takes care of other people’s medical expenses stemming from an at-fault accident. The minimum coverage limit in California is $15,000; however, the recommended amounts are at least $100,000 per person, $300,000 per accident, or more. While a smaller limit is less expensive, you will be required to pay the extract amounts out of pocket when your limit is exhausted.
Is Full Coverage Car Insurance Worth it?
The liability coverage covers medical bills and property damages for third parties, while full coverage pays for your vehicle damages when you cause an accident. Having full coverage will protect you from overwhelming debts in the event of a costly car crash. It’s also recommended for drivers living in areas that experience extreme weather conditions, have a high-traffic commute, or own an expensive vehicle.
Why Does Occupations Affect Car Insurance?
You’re more likely to make a claim when you use your car for work purposes. Also, the insurance companies consider some occupations riskier than others, such as a rally driver compared to a retiree.
Have You Made Other Damage Claims Other than an Accident?
No
Probably you had two break-ins
The car insurance company would charge you a higher insurance rate if your car had several glass breakage or small bits of vandalism. Such claims will increase your insurance premium because your insurance provider can request your claim record from Equifax’s Comprehensive Loss Underwriting Exchange (CLUE) service since the majority of insurers report to it. More than three claims will qualify you as a liability to the insurance company for thus higher premiums.
What car will you insure?
The insurance company will ask you about the year, make, and model of your vehicle as well as its VIN. Insurers use these details to calculate your premiums because they show them your claim history as well as repair costs. Based on these details, a minivan or SUV driven by families has cheaper premiums than a compact used by young drivers.
What If I buy a classic or antique automobile. Can I add it to my personal auto insurance policy?
A standard auto policy is not designed for classic or antique automobiles. Instead, you should purchase classic coverage that offers several benefits tailored for classic vehicles like antiques, classics, muscle cars, street rods, exotics, custom cars, vintage motorcycles, and more. It may be helpful to first visit classic auto insurance companies like Hagerty Collector Car Insurance.
Do I need to have all the different types of coverage available?
Liability coverage is the minimum requirement for all drivers. However, you will be required to add collision and comprehensive coverage when you finance your vehicle, but it’s optional when using cash to buy your car. Some drivers also drop it when they feel their vehicle is very old and not worth repairing or replacing.
Your state may add other requirements to liability coverage like uninsured motorists, medical payments, and personal injury protection.
