Average car insurance cost in Norman, OK

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According to data from Insure.com, the average annual cost of car insurance in Norman, Oklahoma is $2,202. The auto insurance rates in Norman is $64 more than the state average and $307 more than the national average.

Car insurance premiums vary significantly based on where they are filed. Factors such as city demographics, population density and average resident age, accident rates, theft, and vandalism rates will influence the amount of premiums you pay.

This article talks in detail about the most affordable car insurance companies in Norman, the average car insurance rates by age and gender, and how much car insurance cost in Norman depending on coverage limits. Whether you’re a new driver or an experienced one, this article will help you to find the most affordable car insurance in Norman. Keep reading to learn more.

Cheap car insurance companies in Norman

Progressive provides the best value for car insurance in Norman with coverage limits of 100/300/100, costing $1,362 annually.

A close second is Geico, which offers car insurance at $1,715 per year.

Read about the best car insurance companies.

Average car insurance cost in Norman by coverage limits

In Norman, the average car insurance rates based on coverage types are as follows:

• State minimum coverage: $502 per year (limits are 25/50/25)
• Liability only coverage: $779 per year (limits are 50/100/50)
• Full coverage: $2,202 per year (limits are 100/300/100)
• Non-owners coverage: $308 per year

In most states, drivers must have the state minimum coverage to drive legally, but these vary by state. However, state minimum coverage does not cover any vehicles listed on your policy in an at-fault accident.

To avoid compromising on the coverage and pay out-of-pocket expenses, it is better to have full coverage or non-owner coverage if you don’t own a car but borrow or rent one frequently.

Average car insurance rates by gender in Norman

Based on an analysis by Insure.com, female drivers in Norman, Oklahoma pay an average annual car insurance premium of $2,220. In comparison, male drivers pay $2,183 annually, which is $37 less than what female drivers pay.

According to the Insurance Information Institute, statistics indicate that women are generally considered safer drivers than men. Also, women pay less for car insurance due to the lower rate of severe accidents.

Read more on how gender affects car insurance rates.

Average car insurance rates by age in Norman

Car insurance rates in Norman, are highest for teens at $6,854 per year or $571 per month. According to the Insurance Information Institute, the rates are higher for teens (16- to 19-year-olds) as they are more prone to road accidents due to their lack of experience on the road. To address this, there are specific driving laws for teens to help them drive better. Additionally, parents can potentially reduce teen insurance rates by adding them to their existing auto insurance policy.

As teens age and build a positive driving history, it’s common for car insurance rates to decline. Young adults typically pay $3,491 annually for their car insurance, which is $3,363 less than what teens pay for their insurance coverage.

In Norman, adult drivers pay an average of $2,193 per year for car insurance, while senior drivers pay $2,154 annually.

The rates for adults and seniors are notably lower compared to the rates for teens and young adults as they are more likely to obey the speed limits and follow the rules of the road, as per the Insurance Information Institute.

Read more on auto insurance for seniors.

The table below depicts the average annual rates for drivers of different age groups:

Car insurance rate trends in Norman

Examining the trends in car insurance rates in Norman, Oklahoma, there was an upward trend from 2022 to 2023. Between 2022 and 2023, rates increase overall by 19% or $348.

The table below illustrates the trend over the three years:

Conclusion

In conclusion, the insurance rates in Norman, are higher than the average insurance cost in Oklahoma. Shopping around and taking advantage of available discounts, drivers in Norman can find affordable car insurance options. Many car insurance companies offer discounts for customers who purchase multiple policies through the same company.

Sources

• Insurance Information Institute. “What determines the price of my auto insurance policy,” Accessed September 2024.
• Insurance Information Institute. “Auto insurance for teen drivers,” Accessed September 2024.
• Insurance Information Institute. “Senior driving safety and tips,” Accessed September 2024.

Methodology

Insure.com team worked with Quadrant Information Service to get car insurance data. To determine the average premiums, our team of data analysts and expert editors have analyzed 53,409,632 insurance quotes from 170 insurance companies across 34,588 ZIP codes.

The insurance rates are based on a sample profile of a 40-year-old male and female driver with a clean driving record and a good insurance score. Quotes premiums are for a full coverage policy with limits:

• $100,000 bodily injury per person
• $300,000 bodily injury per accident
• $100,000 property damage per accident
• $500 comprehensive and collision deductible

The quoted insurance rates are for comparison purposes, and your individual rates may vary.

Prachi Singh

Contributing Researcher

 

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Prachi is an insurance writer with a master’s degree in business administration. Through her writing, she hopes to help readers make smart and informed decisions about their finances. She loves to travel and write poetry.