Oklahoma Car Insurance Laws, Rates, and Minimums
Drivers and vehicle owners in Oklahoma are required by law to carry the minimum of liability coverage. The average premium in OK is higher than that of the national average and therefore it is strongly advised that motorists take the time to compare auto insurance quotes in order to save on their premiums. Many consumers believe that the state controls and sets the rates of insurers but this is untrue. For that reason many do not comparison shop and end up paying more than necessary for coverage.
Compare Cheap Oklahoma Car Insurance Online
The price of a policy can vary greatly from one insurer to the next and it is suggested by most consumer guides to complete a thorough OK car insurance comparison in order to obtain affordable policies. The Internet allows for consumers to be provided with multiple quotations from various insurers in way that is quick, convenient and most importantly, effective in helping to find cheaper rates.
When trying to find cheap auto insurance be sure to take advantage of any discounts available. This can reduce the cost of premiums significantly. Comparing different types of coverage can be beneficial as well. One may find that they can be covered more extensively for just little bit more money. This could help prevent some financial hardships in the future as well as grief. By taking time and completing comparisons, the chances of a motorist finding the right policy at a price that can accommodate their budget becomes much higher.
Oklahoma Auto Insurance Requirements
In accordance with the OK car insurance laws and requirements, all drivers and automobile owners in OK are mandated to carry the minimum limits of liability. Proof of coverage must be furnished in the case that they are asked to do so by a law enforcement officer or if involved in a traffic accident. The requirements are as follows:
- $25,000 for injury or death of one person
- $50,000 for injury or death of two or more persons
- $25,000 for property damage
Although these are the minimum necessary, it may be wise to consider buying Oklahoma auto insurance with higher limits and additional options. The most common additions are comprehensive and collision. When combined with liability these policies are often referred to a "full coverage". This protects the insured's vehicles from damages as a result of a collision and other perils such as theft and vandalism. Another beneficial option is Uninsured Motorist. This will protect the insured in the event that they are involved in a collision with a hit-and-run driver or the other party is uninsured or underinsured. There are also some inexpensive add-ons to choose from, such as uninsured motorist coverage, that may be beneficial to most motorists.