Useful Information for Oklahoma Visitors
Every person who owns a vehicle in Oklahoma is required to purchase car insurance. If you are found to not have the minimum required car insurance, you will be fined up to $250 or 1 month in jail or both. If your car insurance is canceled within 180 days, the company must notify the OK Department of Public Safety. Later, a staff will contact you for proof of insurance from the address on file. You will have 30 days to confirm with them that you have valid insurance coverage.
Oklahoma Car Insurance Coverage and Requirements
The liability insurance will include the medical and auto repair costs. The maximum coverage for the medical costs is $25,000 if one person is involved in the car accident. If multiple passengers are injured, the liability insurance will provide coverage of up to $50,000. In addition, the company can grant a compensation worth up to $25,000 for property damage.
Since the medical bills and repairing costs increase quickly as time passed by, you should buy the car insurance policy greater than the minimum amount.
The collision car insurance offers coverage for the repair cost in the event that the vehicle is damaged in the accident. It will provide compensation of the repair costs to the owner if the amount is less than the Kelly blue book value. Given the repair costs is greater than the book value of the car, the company will pay the owner for the full cash value of the car.
Most comprehensive insurance offers gap insurance coverage which is available for people with remaining balance less than the book value of the car.
Uninsured car insurance will protect you in the event that you are involved in an accident caused by an uninsured individual. Many states don’t obligate their residents to purchase car insurance. Hence, it is recommended that you purchase uninsured insurance in case you become a victim of a hit and run accident.
Tips to Save on Oklahoma Car Insurance
Car insurance in Oklahoma can be expensive. There are a number of things which you can do to lower the car insurance premium.
Driving safely on the road can help to lower the car insurance rate. If you frequently violate the traffic rules or get involved in accident, you will accumulate higher traffic points. The higher the traffic points, the higher the car insurance premium will be. High traffic points indicate that you have bad driving skill and can result in the revoking of your license. Some insurance company will refuse to offer coverage for people that get involved in traffic accidents frequently.
You can participate in a driving class to improve your driving skill. The driving class should be a course that is approved by the Department of Public Safety. By participating in a driving course, your accumulated points can be reduced over time. For each course which you enrolled, you will be able to reduce two points which can last for a period of 24 months.
Besides, you can equip your car with safety features. Older cars will be charged with a lower premium. Newer car can benefit from low premium rate by installing additional safety features. Some of the safety features which you can consider installing include air bags, global positioning system (GPS) and break lock. When the car has more safety features, it will have a higher resale value. As a result, the cost for the car insurance premium will be lowered.
Oklahoma Department of Insurance
- 2401 N.W. 23rd Street, Suite 28
- Oklahoma City, OK 73107
- Phone: (800) 522-0071
- Fax: (405) 521-6635
- www.ok.gov/oid/
Oklahoma Department of Transportation
- 2800 S. 32nd Street
- Muskogee, OK 74401
- Phone: (918) 687–5407
- Fax: (918) 687–9955
- www.okladot.state.ok.us
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