Are Car Insurance Prices Rising or Falling in Oklahoma?

The Zebra
May 31, 2019

Personal experience has taught many drivers that insurance costs tend to increase each year. But car insurance is complex: justifications for rate hikes and price cuts vary, and may differ based on the driver's location.

Among the primary rating factors insurance companies use to set rates is location. The ZIP code, city, and state in which a vehicle is parked and driven help to determine car insurance rates, depending on state regulations and the variable risk associated with insuring a vehicle in a particular area.

Because auto insurance pricing depends on a number of factors, yearly rate trends vary widely by state. Car insurance prices might be rising each year in a given state but decreasing in the next state over.

See below car insurance rate trends in Oklahoma. If you're paying too much, consider shopping around to find a better rate. The Zebra's auto insurance comparison tool furnishes auto insurance rates based on your details — enter your ZIP below to get started.


Car insurance price trends in Oklahoma


Average annual auto insurance premiums in Oklahoma increased by $1 from 2017 to 2018. The typical driver in Oklahoma now pays an average rate of $1,560 per year.

The year-over-year trend in Oklahoma leans toward less expensive auto insurance rates. Between 2015 and 2018, rates went down by an average of $400 annually. At the same time, car insurance rates nationwide have jumped in the past few years, climbing from $1,280 in 2015 to $1,470 in 2018.


OKLAHOMA AUTO INSURANCE PRICE TRENDS
YearAvg. Annual Premium — OklahomaYearly Change — OklahomaAvg. Annual Premium — USYearly Change — US
2018$1,560$1$1,470$32
2017$1,559$57$1,437$69
2016$1,502-$458$1,368$88
2015$1,960$297$1,280$51
2014$1,663$162$1,229$34
2013$1,501-$84$1,195-$80
2012$1,585-$354$1,276$82

If your rates are rising faster than those in your state, consider shopping around for a better deal.


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How are car insurance rates trending in major cities in Oklahoma?


Car insurance policies are priced at the ZIP code level with many location-specific variables influencing premiums. That means drivers could see major differences in their insurance rates, based solely on their ZIP code or city. For example, Oklahoma City drivers endured a larger yearly rate increase (-2.0%) than did drivers in Norman (-2.3%) between 2018 and 2017.

See below annual rates of change in major Oklahoma cities. If rates are rising in your city — and moving isn't a feasible option — you can get quotes in an effort to find a lower rate.


CityAvg. Premium Increase — 2018 vs. 2017
Oklahoma City-2.0%
Norman-2.3%
Broken Arrow-2.3%
Lawton-2.4%
Tulsa-2.9%

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