Who Has Cheap Insurance for a Chevrolet Silverado in Oklahoma?

Your chances of buying the best cheap auto insurance for a Chevy Silverado in Oklahoma is dependent upon a complex calculation that is influenced by things such as the number of years of driving experience you have, your profession, and the level of deductible you choose. Drivers in Oklahoma on average pay around $1,790 a year to insure their Silverado, but that is an approximation rating a 40-year-old single male driver who requires full coverage including both comprehensive and collision and $250 policy deductibles.

But there is a high probability that you may not be 40 years old (or even male), you might be married instead of single, or maybe you just want to insure for liability only. Just a minor change in the rating criteria used to formulate rates can create big changes in the coverage rate.

Different coverage needs are the reason why your best shot at finding cheap auto insurance rates for your Chevrolet is to regularly compare rates at renewal. In just a couple of minutes you will be able to see rates from some of the best companies around.

The specific trim level tends to have a direct impact on price, so the rate you pay to insure a Silverado LS Regular Cab 2WD will be $394 less expensive the insurance cost for the more expensive Silverado Crew Cab Hybrid 4WD model, as shown below.

Data variables include single male driver age 40, no speeding tickets, no at-fault accidents, $250 deductibles, and Oklahoma minimum liability limits. Discounts applied include claim-free, safe-driver, multi-policy, multi-vehicle, and homeowner. Rate information does not factor in Oklahoma location which can modify coverage prices substantially.

Finding out which company has the cheapest car insurance rates for a Chevy Silverado calls for a little more work in order to find coverage that fits your budget. Each company uses their own formula to determine rates, so let’s take a look at the car insurance companies that tend to have lower prices in Oklahoma.

It’s important to understand that Oklahoma car insurance rates are calculated based on many things which can substantially decrease or increase the price of your policy. Improving your credit score, increasing liability limits, or getting a speeding ticket can cause premium changes resulting in some companies being more affordable than competitors.

Oklahoma Farmers Union may offer some of the cheapest car insurance rates in Oklahoma at around $1,190 each year. USAA, GEICO, The Hartford, and Safe Auto also qualify as some of the best Oklahoma insurance companies.

As illustrated above, if you currently have coverage with The Hartford and switched to Oklahoma Farmers Union, you could realize yearly savings of approximately $183. Customers with Safe Auto could save as much as $215 a year, and Farmers customers might reduce rates by $246 a year.

It’s important to note that these policy prices are averages for all types of drivers and the different vehicles they drive and do not take into consideration a specific rating modification for a Chevy Silverado. So the auto insurance company that is best for you may not even be included in the chart above. That underscores the importance of why you need to get quotes using your own driver and vehicle profiles.

Full coverage versus liability only rates

Finding cheap insurance for a Chevy Silverado in Oklahoma is the goal of most people, and a good way to lower the cost of insurance is to only buy liability insurance. The information below illustrates the comparison of car insurance costs with and without physical damage coverage, medical payments, and uninsured/under-insured motorist coverage. The rates are based on no claims or driving violations, $250 deductibles, drivers are not married, and no discounts are applied to the premium.

On average, comp and collision coverage costs $2,785 per year over having just liability coverage. That proposes the question if paying for full coverage is worth it. There is no written rule to exclude comprehensive and collision coverage on your policy, but there is a guideline you can use. If the annual cost of comprehensive and collision coverage is more than about 10% of any settlement you would receive from your insurance company, then it may be the right time to buy liability only.

Allstate, Geico, State Farm, or Progressive: Who is best?

When buying insurance for a Silverado pickup in Oklahoma, four companies you’ll want quotes from are Allstate, Geico, State Farm, and Progressive. If you put them all together, they insure over 45% of the car insurance market in the United States. All offer liability and physical damage insurance, but each one has a slightly different set of options and discounts that shoppers can select from. The next table compares and contrasts some of the different options and features that are available from each company.