Everything You Need to Know About Car Insurance in OKC

Are you shopping for car insurance in Oklahoma City (OKC)? Or maybe you just want to know more about car insurance options in the area. Either way, we’ve got you covered. In this article, we will cover everything you need to know about car insurance in OKC. From basic coverage to more comprehensive policies, we will break down the different types of car insurance available for drivers in OKC.

What is car insurance?

Car insurance is a type of insurance that is designed to protect you from financial loss in case you are involved in a car accident. It is a legal requirement in most states, including Oklahoma. Car insurance policies can cover a range of damages, including damage to your car, damage to another person’s car, and medical expenses for injuries sustained in an accident.

There are several different types of car insurance policies available. The type of policy you choose will depend on your individual needs and budget.

Types of car insurance policies available in OKC

1. Liability insurance

Liability insurance is the most basic type of car insurance and is usually the minimum amount of coverage required by law. If you are involved in an accident and it is determined to be your fault, liability insurance will cover the cost of damages to the other person’s car and any injuries they may have sustained. It does not cover damage to your own car or injuries you may have sustained.

Liability insurance is divided into two types of coverage:

It is important to note that liability insurance does not cover your own medical expenses or damage to your own car. If you want coverage for those expenses, you will need to purchase additional insurance.

2. Collision insurance

Collision insurance is a type of insurance that covers damage to your own car in case of an accident. If you are involved in an accident and it is determined to be your fault, collision insurance will cover the cost of repairing or replacing your car. It does not cover injuries sustained by you or the other person involved in the accident.

Collision insurance is optional, but it may be required if you are financing or leasing your car. If you own your car outright, you can choose whether or not to purchase collision insurance.

3. Comprehensive insurance

Comprehensive insurance is a type of insurance that covers damage to your car that is not caused by an accident. This can include things like theft, vandalism, or weather-related damage.

Comprehensive insurance is also optional, but if you are financing or leasing your car, it may be required. If you own your car outright, you can choose whether or not to purchase comprehensive insurance.

4. Personal injury protection (PIP) insurance

Personal injury protection (PIP) insurance is a type of insurance that covers your medical expenses and lost wages in case you are involved in an accident. It does not matter who is at fault for the accident. PIP insurance is required in some states, including Oklahoma.

FAQ

1. How much car insurance do I need?

The amount of car insurance you need will depend on a variety of factors, including the value of your car, your personal assets, and your budget. In Oklahoma, the minimum amount of liability insurance required by law is $25,000 per person for bodily injury, $50,000 per accident for bodily injury, and $25,000 per accident for property damage. However, you may want to consider purchasing additional coverage to protect yourself financially in case of an accident.

2. Can I save money on car insurance?

Yes, there are several ways to save money on car insurance in OKC. Some common ways to save money include:

• Choosing a higher deductible
• Shopping around for the best rates
• Taking advantage of discounts (e.g., safe driver discounts, multi-car discounts, etc.)
• Choosing a car that is less expensive to insure

3. Is car insurance required in OKC?

Yes, car insurance is required by law in Oklahoma City and the state of Oklahoma. You must have at least the minimum amount of liability insurance to legally drive a car in OKC.

4. What should I do if I am involved in a car accident?

If you are involved in a car accident in OKC, you should do the following:

1. Check for injuries and call 911 if anyone is hurt
2. Exchange contact and insurance information with the other driver(s)
3. Take photos of the accident scene and any damage to the cars
4. Contact your insurance company and report the accident

5. Can I drive without car insurance in OKC?

No, it is illegal to drive a car in OKC without car insurance. If you are caught driving without insurance, you could face fines, license suspension, and even jail time.

In conclusion, car insurance is a must-have for any driver in OKC. By understanding the different types of car insurance policies available and knowing how to save money on premiums, you can ensure that you are properly protected and financially prepared in case of an accident. Don’t hesitate to shop around and compare quotes from different insurance providers to find the best coverage at the best price.