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Oklahoma residents saw a 69% increase in car insurance costs over five years, one of five states to see such a jump.
That’s according to May data from Quadrant Information Services, analyzed by U.S. News & World Report, which also found that median car insurance costs across the U.S. jumped 29.3% over the same period.
Inflation across the economy, along with increased labor and materials costs, is driving higher premiums, according to the Oklahoma Insurance Department.
If you’re looking to save on car insurance in Oklahoma, it is possible. Shopping around and comparing quotes can help you find the best deal. To get you started, CNBC Select reviewed 20 insurance companies writing policies in Oklahoma and found four that stand out. (Read our methodology for more on how we chose the best car insurance in Oklahoma.)
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Best car insurance in Oklahoma
- Best for families with teens: State Farm
- Best for older people: Geico
- Best for discounts: Shelter Insurance
- Best for military members and veterans: USAA
Best for families with teens: State Farm
Who’s this for? Teen drivers can be expensive to insure, but across many cities and regions in Oklahoma, State Farm offered affordable rates for a sample 16-year-old driver. State Farm’s median cost for a 16-year-old woman was $3,064 per year, while a comparable male would pay $3,868. Among all companies listed in the Oklahoma Insurance Department’s Auto Insurance Rate Comparison tool, the median costs for a 16-year-old woman were $3,357, while a male the same age would be $3,919.
Standout benefits: A good student discount of up to 25% off is available to young drivers maintaining a B or better average in high school or college.
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The largest auto insurer in the U.S., State Farm has an excellent reputation for customer satisfaction and affordable rates, even for teens.
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More than a dozen discounts, including for safe driving, bundling and good students. Drive Safe & Save program offers up to 30% off for lower mileage and safe driving habits.
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State Farm liability car insurance is available nationwide except for Massachusetts and Rhode Island.
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Terms apply.
Read our State Farm auto insurance review.
Pros
- High customer satisfaction ratings
- Available in most states
- Affordable rates for teen drivers
Cons
- Doesn’t offer gap insurance
- Accident forgiveness requires 9 years accident-free
- Have to work with an agent to buy a policy..
Best for older people: Geico
Who’s this for? According to sample rates for a 55-year-old and a 70-year-old driver, Geico offered consistently low rates across Oklahoma. The median rate for a sample 70-year-old was $387 for both genders, less than the statewide average of $820 for a male and $798 for a woman.
Standout benefits: Geico also offers claim forgiveness, which can prevent your rates from rising if you’re in an accident, thus avoiding a surprise price increase at renewal time.
Accident forgiveness after 5 years. Add-ons include roadside assistance, rental car reimbursement and mechanical breakdown insurance.
Pros & cons
- 16 discounts are available to lower premiums
- Easily purchase and manage policy online
- Policy add-ons can include roadside assistance and mechanical breakdown insurance
- No gap insurance
- Few branches for in-person services
- Ranks below average for customer service and claims on J.D. Power surveys
Best for discounts: Shelter Insurance
Who’s this for? Shelter Insurance offers many of the discounts you’ve come to expect, including student, loyalty, paying in full, and bundling, plus unique discounts like owning your car for a long time. It also offers multi-car discounts of up to 20%, a higher rate than many other insurers offer.
Standout benefits: Shelter also offers gap insurance, which could be a plus if you’ve recently bought a newer car and want to cover the difference between your loan or lease’s depreciated value and your loan balance. Not all car insurance companies offer this coverage option.
Shelter Insurance offers a large selection of discounts, including student discounts, bundling and for having continuous insurance with any insurer. Roadside assistance and gap insurance are available as options.
Pros & cons
- Offers gap insurance
- Claims available online
- Only available in Arkansas, Colorado, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Mississippi, Missouri, Nebraska, Ohio, Oklahoma, and Tennessee
Best for military members and veterans: USAA
Who’s this for? USAA has consistently been a standout for customer service, scoring higher than the industry average for customer satisfaction in J.D. Power’s annual surveys. Additionally, its prices tend to be lower than competitors in Oklahoma.
Standout benefits: USAA’s SafePilot Miles is a pay-per-mile car insurance option that could help customers save if they don’t drive much.
Available to service members, veterans and their families. Add-ons include rideshare insurance, classic cars, roadside assistance, commercial auto and rental car reimbursement.
Pros & cons
- Cheapest insurer for liability policies
- Stellar customer satisfaction scores
- Available in all 50 states
- Limited to military families and veterans
- No physical branches
- Customer service not available 24/7
- Safe-driver discount not available in every state
What is the average cost of car insurance in Oklahoma?
The median annual cost of car insurance in Oklahoma is $2,359, according to car insurance comparison site The Zebra. That’s higher than the national median cost of $2,079 per year.
However, your price can vary widely, as your age, ZIP code, driving record, and car details can all affect your cost. Additionally, in Oklahoma, your insurance score — which is based heavily on your credit score — can be a factor in your pricing. The higher your credit score, the lower your premiums.
How to save on car insurance in Oklahoma
You can save on car insurance in Oklahoma in a few ways:
- Raise your credit score: Improving your credit score can help you lower your car insurance costs. To do that, pay your bills on time, lower your debt-to-credit ratio and check your report for errors.
- Maintain a clean driving record: Tickets, accidents and other types of infractions can all lead to higher car insurance premiums, so driving safely could help you keep costs lower.
- Raise your deductible: Your deductible is the amount you’d be responsible for paying out of pocket if you’re in an accident. If you have the funds accessible, raising that amount could help you save on your premium. According to the Insurance Information Institute, increasing your deductible from $200 to $500 could reduce your collision and comprehensive coverage cost by between 15% and 30%.
- Bundle your home and auto insurance: Whether you own your home or rent it, getting your homeowners insurance and car insurance from the same company is a strategy called bundling, and it could help you save. We’ve seen bundling discounts of 20% or more from top insurers.
Oklahoma car insurance FAQs
Is car insurance more expensive in Oklahoma?
Car insurance in Oklahoma is above the national average — the median policy costs about $2,359 per year, according to car insurance comparison site The Zebra. The national median is $2,079 per year.
What is the cheapest auto insurance in Oklahoma?
While there’s no one cheapest car insurance brand for everyone in any given state, our analysis found that Geico, Shelter, USAA and State Farm tended to offer relatively low rates in Oklahoma.
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Why trust CNBC Select?
At CNBC Select, our mission is to provide our readers with high-quality service journalism and comprehensive consumer advice so they can make informed decisions with their money. Every insurance review is based on rigorous reporting by our team of expert writers and editors with extensive knowledge of insurance products. While CNBC Select earns a commission from affiliate partners on many offers and links, we create all our content without input from our commercial team or any outside third parties, and we pride ourselves on our journalistic standards and ethics. See our methodology for more information on how we choose the best car insurance.
Our methodology
CNBC Select reviewed 20 top car insurance companies writing new car insurance policies in Oklahoma, focusing on cost, coverage, customer service, availability and online experience.
We incorporated customer satisfaction scores from J.D. Power, the National Association of Insurance Commissioners and the Better Business Bureau, as well as financial strength ratings from A.M. Best.
Information on average annual premiums is based on July 2026 data from the Oklahoma Insurance Department’s Auto Insurance Rate Comparison tool across five different profiles. Each profile featured a driver (age 16, 21, 36, 55 and 70) who drove a 2018 Chevrolet Malibu LS 4-door sedan with the following insurance coverage:
A $25,000 maximum bodily injury limit for any one person in any one accident subject to a maximum for all bodily injury damages of $50,000 in any one accident; a $25,000 maximum limit for property damage liability for any one accident; a $500 comprehensive deductible; a $500 collision deductible.
- $25,000 bodily injury liability per person
- $50,000 bodily injury liability per accident
- $25,000 property damage liability per accident
- $500 collision deductible
- $500 comprehensive deductible
We also considered CNBC Select audience data when available, such as general demographics and engagement with our content and tools.
Based on that criteria, our selections for the best car insurance companies are:
- Best for families with teens: State Farm
- Best for seniors: Geico
- Best for discounts: Shelter Insurance
- Best for military members and veterans: USAA
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Editorial Note: Opinions, analyses, reviews or recommendations expressed in this article are those of the Select editorial staff’s alone, and have not been reviewed, approved or otherwise endorsed by any third party.
