If you are a teen driver in Oklahoma, you might be wondering which auto insurance company can offer you the best coverage at an affordable price. There are many factors that affect the cost of car insurance for teens, such as your driving record, the type of car you drive, the level of coverage you choose and the discounts you qualify for. To help you compare your options, we have gathered some information from various sources about the top 5 major auto insurance companies that have the best auto insurance for teen drivers in Oklahoma and the average annual cost of insurance for teens offered by these companies.
According to Bankrate, the best car insurance companies in Oklahoma based on customer satisfaction, affordability, claims experience, coverages and financial stability are:
- State Farm
- Geico
- USAA
- Progressive
- Farmers
According to MoneyGeek, the cheapest car insurance company for adding a 16-year-old driver to a parent's policy in Oklahoma is Erie, with an average annual cost of $1,803. The second cheapest is Nationwide, with an average annual cost of $2,098. The third cheapest is Geico, with an average annual cost of $2,168.
According to Forbes Advisor, the average annual cost of car insurance for a 16-year-old driver with their own policy in Oklahoma is $8,765. The average annual cost of car insurance for a 17-year-old driver with their own policy in Oklahoma is $6,829.
According to CarInsurance.com, the average annual cost of car insurance for a 16-year-old female driver with her own policy in Oklahoma is $6,782. The average annual cost of car insurance for a 16-year-old male driver with his own policy in Oklahoma is $8,748.
According to MoneyGeek, the average annual cost of car insurance for a 40-year-old driver with full coverage in Oklahoma is $1,299.
Based on these data, we can compare the top 5 major auto insurance companies in Oklahoma and their average annual cost of insurance for teens in different scenarios:
| Company | Cost for adding a 16-year-old to a parent's policy | Cost for a 16-year-old with their own policy | Cost for a 17-year-old with their own policy |
| ------- | -------------------------------------------------- | -------------------------------------------- | -------------------------------------------- |
| State Farm | $2,563 | $7,625 | $6,829 |
| Geico | $2,168 | $8,765 | N/A |
| USAA | $2,232 | N/A | N/A |
| Progressive | $2,402 | N/A | N/A |
| Farmers | $2,474 | N/A | N/A |
As we can see from the table above, **State Farm** offers the lowest cost for both adding a 16-year-old to a parent's policy and for a 16-year-old or a 17-year-old with their own policy among the top 5 major auto insurance companies in Oklahoma. However, **Erie** and **Nationwide** offer even lower rates for adding a 16-year-old to a parent's policy than State Farm. Therefore, if you are looking for the best auto insurance for teen drivers in Oklahoma, you might want to compare quotes from these companies and see which one can offer you the best coverage and discounts for your specific situation.
Sources:
: https://www.bankrate.com/insurance/car/oklahoma/
: https://www.moneygeek.com/insurance/auto/best-car-insurance-oklahoma/
: https://www.forbes.com/advisor/car-insurance/cheap-car-insurance-for-16-year-olds/
: https://www.carinsurance.com/Articles/car-insurance-16-year-old.aspx
: https://www.moneygeek.com/insurance/auto/average-cost-car-insurance-oklahoma/