How Much Oklahoma Car Insurance Coverage Should You Buy?

Reader’s Question:

I live in Oklahoma and I am wondering how much car insurance do you recommend that I get for my vehicle?

Cheng

Oklahoma City, OK
The amount of auto insurance you need to get depends on the following factor: The type of vehicle you own, where you live, the annual mileage you accumulate but the most important of all is that the the auto insurance you choose falls within the minimum state liability insurance coverage requirements, as mandated by the Financial Responsibility laws of Oklahoma. To explain further:

Your Type Of Vehicle
The type of vehicle you own should be a consideration when you look for the right auto-insurance policy. A second hand or used, older vehicle would cost you less to insure and you might even save more if you drop comprehensive and collision coverage. A brand new, expensive car will have higher insurance premiums due to an increased likelihood of theft and higher costs to replace when you file a claim.

Where You Live
Urban dwellers pay more for auto insurance as compared to rural folks. Accident and Car theft rates in your area greatly affects the insurance rates available for you.

State Minimum Requirements
Your auto insurance should have adequate liability insurance that falls within the minimums required by your state. For Oklahoma that would follow the 10/20/10 rule. That will be $10,000 total payment for each individual you injure per accident, minimum of $20,000 for injuries per accident and $10,000 to pay for damages to private or public property.