Oklahoma is situated in the South Central portion of the United States. Nicknamed The Sooner State, Oklahoma has a rich Native American history, as well as many cultural treasures. With the just over 3 million people who live in the state and the many tourists who visit the area, there are many vehicles on the roads. Therefore, you should have information about Oklahoma auto insurance.
Oklahoma Auto Insurance Requirements
In OK, drivers are required to obtain compulsory liability insurance. The minimum requirements that you must carry are $25,000 for injury or death of one person, $50,000 for injury or death of two or more people, and $25,000 for property damage.
You must carry proof of insurance with you in the vehicle at all times. If you get pulled over by the Department of Public Safety, you are required to show proof of insurance. If you are in an accident, then you must show your insurance information to the other driver.
If you do not have at least the minimum amount of auto insurance, you could face strict penalties, such as a stiff fine or up to a month in jail. Your license and registration could also be suspended
Rental cars are also required to obtain the minimum amount of insurance. You should check with your insurance company to make sure they cover rental cars. If it does not, then you need to purchase it from the rental car company.
Oklahoma Auto Insurance Laws
The insurance company is required to contact the OK Department of Public Safety if your policy is cancelled within 180 days from the beginning date of a new policy. The department will then contact you, so that you can provide proof of insurance.
Your license and registration will be suspended if you do not provide proof within 30 days. You must keep an updated address on file with the DPS office.
If you are in an accident in Oklahoma, there is an investigation into the cause of the accident. They will then determine who is at fault, and that person is liable for the injuries and damages that occur.
Oklahoma Auto Insurance Coverage
Besides liability insurance, you might also want to get uninsured and underinsured coverage. This will provide added coverage that will reimburse you for medical bills, car damage, or lost wages if the other driver is at fault and they are not insured.
Another type of coverage that you could obtain is collision coverage. This protects your property if the accident is your fault. If you are at fault and do not have collision coverage, you will be responsible for any losses.
There is also comprehensive coverage which protects you against when natural disasters occur and damage your vehicle. It will also cover damages that occur because of theft or vandalism.
Cheap Oklahoma Auto Insurance Quotes
The best place to get insurance quotes is online. Most online sites will offer you free quotes, so you can compare companies. Insurance companies are very competitive, so you can shop around and find the best deal for you.
There are also many places where you can go online and they will compare prices and companies for you, so you can get the best deal. Although cheap insurance companies are available, make sure that they are a reputable and reliable company.
Oklahoma Auto Insurance Ratings
The Oklahoma Insurance Commissioner provides insurance rating information to help you choose a responsible insurance company when purchasing coverage. You can also go online and look up what other people are saying about insurance companies. By looking at the ratings, you can see if they have good customer service, and if they are a reliable company. You will want to look at their history, and if they are responsible about their claims.
Oklahoma Auto Insurance Rates
Insurance rates in OK will vary. In Oklahoma, insurance companies are allowed to use Personal Credit History to determine their rates. They can also use your credit history to decide the method of payments, such as quarterly, monthly, or an up-front premium. By using your Personal Credit history, the company will create an insurance risk score, which will help them determine the rates.
Most insurance companies will offer discounts for their coverage. Some of the discounts might include a safe driver discount, low mileage discount, multi-car discount, or a discount just for taking defensive driving. If you have a teen-age driver on your policy, you might be able to get a discount for having good grades.
Insurance companies also consider age, gender, car make and model, and your driving record when they set your rates. The location of where you live can also factor into the rate.
The average insurance premium in Oklahoma is below the nation’s average.
Oklahoma Auto Insurance Companies
In Oklahoma, there are almost 150 licensed insurance companies that provide coverage to drivers. All insurance agencies are required to notify the Department of Motor Vehicles if you cancel your policy. Many companies will allow you to combine insurance policies. You might combine your auto insurance and health insurance to get a better price. It is important to find the company that meets your needs.