Oklahoma has fertile plains, farmland, cattle country, rivers, mountains, and oil and gas pipelines. Oklahoma is nicknamed Tornado Alley, and Oklahoma auto insurance is a must. Despite the threat of Tornado damage to their cars, Oklahoma auto insurance rates are among the lowest in the nation. In 2007, on average Oklahoma drivers paid $1403, which is well below the national average of $1896.
Oklahoma Auto Insurance Requirements
Like most States, Oklahoma requires that it motorists carry a minimum of liability insurance coverage set at 25/50/20. This coverage is to insure that the at fault motorist will have sufficient insurance to cover at least the smaller accidents that might arise as a consequence of his/her actions.
- Bodily Insurance Liability – The amount of $25,000 is the lowest Oklahoma auto insurance coverage for a single person injured in an accident caused by the insured.
- A total of $50,000 in coverage is required for more than one injured person in the car accident.
- Property Damage Liability – A total amount of $25,000 coverage per accident is required by Oklahoma auto insurance company payouts in case the at fault driver has caused damage to the other vehicle, and or damage to private and public property such as homes, buildings, and road signs.
Although this coverage will pay for minor claims it will not cover severe damage and injuries and therefore the State of Oklahoma recommends that its motorists increase their coverage.
Oklahoma State also recommends Comprehensive and Collision Protection, for damages sustained to the at fault driver’s vehicle. Comprehensive and Collision will also insure damages sustained by natural causes and damage sustained from wildlife.
Oklahoma again recommends that all motorists obtain Uninsured/Underinsured Motorist coverage to offset any out of pocket expenses sustained because the driver at fault did not have enough insurance, or they were a victim of a hit and run driver.
