Best Cheap Car Insurance in Tulsa for 2023 | Bankrate (2023)

The cheapest car insurance companies in Tulsa, Oklahoma, include Geico, Farmers and USAA, according to Bankrate’s 2023 analysis of quoted annual premiums. Bankrate understands that finding the best car insurance is likely about more than just price, so we chose carriers offering strong customer satisfaction scores, financial strength ratings, coverage options, discounts and digital tools.

Best cheap car insurance companies in Tulsa

The average annual cost of car insurance in Tulsa is $2,158 for full coverage, or about $180 per month, while minimum coverage averages $479 a year, or about $40 per month. These rates are above the national average cost of insurance of $2,014 per year for full and $622 a year for minimum coverage. The higher full coverage auto insurance rates in Tulsa may be attributed to factors like the higher population density in the Tulsa area, which may increase the likelihood of accidents.

Based on premium data from Quadrant Information Services, we found the cheapest car insurance companies in Tulsa include Geico, Farmers, USAA, Mercury, and American Family. In addition to finding companies with cheap average rates, Bankrate reviewed several other factors to determine how the companies stack up. Coverage options, discounts and third-party ratings, such as the 2022 J.D. Power Auto Insurance Study and AM Best ratings for financial strength, all factored into our rankings. These factors and more contribute to each carrier’s Bankrate Score out of five points. We hope these Bankrate Scores will give you a general overview of how a company may be able to meet your insurance needs.

*USAA is not officially ranked by J.D. Power due to eligibility restrictions

Geico

Geico has some of the cheapest average rates for car insurance in Tulsa, both for full and minimum coverage options, according to our analysis of premium data. Not only does Geico offer competitive rates for the area, but drivers may appreciate its large number of discounts available. Potential discounts include safety features, good student, multi-vehicle and affiliation savings. Geico also scored above the segment average for customer satisfaction in the Central region, indicating policyholders are generally satisfied with the level of service.

Learn more: Geico Insurance review

Farmers

Farmers offers many add-on coverage options for drivers who appreciate a customizable policy. In addition to standard coverage types, you may be able to build a more robust policy with windshield coverage, accident forgiveness and new car replacement. In addition to low average Tulsa rates, policyholders may save on their Farmers premium with potential discounts for shared family vehicles, distant students and on-time payments. Farmers did score slightly below the segment average for customer satisfaction from J.D. Power, so you may want to speak with existing policyholders about the level of service.

Learn more: Farmers Insurance review

USAA

USAA consistently earns high scores from J.D. Power for customer satisfaction, but the carrier is only available to current and former military members and their immediate family. Military members may appreciate the carrier’s military-specific discount options, including potential savings for garaging a vehicle on base. USAA only does business online and over the phone, so if you prefer working with an in-person agent, it may not be the carrier for you.

Learn more: USAA Insurance review

Mercury

Mercury Insurance may be a good option for customers who prefer to work with a more regional carrier. Mercury is only available in 11 states, which may be why it was not included in J.D. Power’s customer satisfaction study. Mercury does not have as many endorsement and discount options as some larger carriers, but it does offer rental car reimbursement and rideshare coverage. Discounts may be available for safety features, low mileage and bundling.

Learn more: Mercury Insurance review

American Family

American Family, commonly known as “AmFam,” is a regional carrier with some rather unique endorsement and discount options. Coverage add-ons include a usage-based insurance option and diminishing deductibles. AmFam may be a good choice for young philanthropists, as it offers a potential discount for drivers under 25 who complete at least 40 volunteer hours with a non-profit. Although AmFam’s digital tools are not as robust as some competitors, it did come in second place in the Central region of J.D. Power’s customer satisfaction study, indicating that policyholders may receive a top-notch level of service.

Learn more: American Family Insurance review

How to get and keep the cheapest car insurance in Tulsa

Budget-conscious drivers may be focused on finding the cheapest rates for their circumstances, but maintaining cheap rates over time may be equally important for your wallet. These tips may help you find and keep the cheapest car insurance in Tulsa.

• Shop multiple providers. Different companies use their own algorithms to calculate car insurance premiums. This is why your quoted rates may differ across companies, even for the same coverage. Comparing quotes from multiple carriers may help you find the insurer that offers the cheapest rates for your circumstances and personal rating factors.
• Maintain a clean driving record. Drivers with clean driving records typically receive the lowest rate quotes from providers. It may also qualify you for additional savings, such as discounts for safe drivers or an accident-free discount.

Frequently asked questions

• • Finding the best car insurance company likely depends on what you need as a driver. Narrowing down your priorities — whether that be low rates, digital tools or plentiful discounts — and comparing quotes from carriers that meet your criteria may help you find the best car insurance company for you.

  • The average cost of car insurance in Tulsa is $2,152 per year for full coverage, or about $180 a month. Minimum coverage averages $479 a year. Your exact rates may vary depending on personal factors, such as your driving history, credit history, ZIP code, age, gender and vehicle type.

  • Shopping around and comparing quotes from multiple providers may be one of the best ways to save on premiums in Tulsa. Other potential strategies include improving your credit score, maintaining safe driving habits and enrolling in a telematics program.

• Bankrate utilizes Quadrant Information Services to analyze 2023 rates for ZIP codes and carriers in all 50 states and Washington, D.C. Rates are weighted based on the population density in each geographic region. Quoted rates are based on a 40-year-old male and female driver with a clean driving record, good credit and the following full coverage limits:

  • $100,000 bodily injury liability per person
  • $300,000 bodily injury liability per accident
  • $50,000 property damage liability per accident
  • $100,000 uninsured motorist bodily injury per person
  • $300,000 uninsured motorist bodily injury per accident
  • $500 collision deductible
  • $500 comprehensive deductible

  To determine minimum coverage limits, Bankrate used minimum coverage that meets each state’s requirements. Our base profile drivers own a 2021 Toyota Camry, commute five days a week and drive 12,000 miles annually.

  These are sample rates and should only be used for comparative purposes.

  Bankrate Score

  Our 2023 Bankrate Score considers variables our insurance editorial team determined impacts policyholders’ experiences with an insurance company. These rating factors include a robust assessment of each company’s product availability, financial strength ratings, online capabilities and customer and claims support accessibility. Each factor was added to a category, and these categories were weighted in a tiered approach to analyze how companies perform in key customer-impacting categories.

  Like our previous Bankrate Scores, each category was assigned a metric to determine performance, and the weighted sum adds up to a company’s total Bankrate Score — out of 5 points. This year, our 2023 scoring model provides a more comprehensive view, indicating when companies excel across several key areas and better highlighting where they fall short.

  • Tier 1 (Cost & ratings): To determine how well auto and home insurance companies satisfy these priorities, 2023 quoted premiums from Quadrant Information Services (if available), as well as any of the latest third-party agency ratings from J.D. Power, AM Best and the NAIC, were analyzed.
  • Tier 2 (Coverage & savings): We assessed companies’ coverage options and availability to help policyholders find a provider that balances cost with coverage. Additionally, we evaluated each company’s discount options listed on its website.
  • Tier 3 (Support): To encompass the many ways an auto insurance company can support policyholders, we analyzed avenues of customer accessibility along with community support. This analysis incorporated additional financial strength ratings from and Moody’s and factored a company’s corporate sustainability efforts.