Oklahoma Government Offers Car Insurance Tips


The continuing global economic downturn and the recession are forcing many Americans to cut down on unwanted expenses. Unfortunately, some drivers have resorted to dropping their insurance policies despite stiff fines and possible jail time.

Oklahoma Government Offers Car Insurance TipsTo help motorists cope with the economic situation without having to drop their policies, Oklahoma’s Insurance Department has set some guidelines on saving money and cutting insurance costs. The suggestions came as a response to a rapid rise in the number of uninsured and underinsured Oklahomans.

Teen drivers are often considered as relatively inexperienced drivers and are prone to high insurance premiums. However, young motorists can get significant rate cuts if they qualify for “good student” discounts. According to the guidelines, teen drivers who excel academically can demand lower insurance premiums from their providers. They can also enroll in accredited drivers’ education classes. Joining these classes can help reduce the risk of accidents for young drivers. Insurance companies often recommend good defensive driving schools and drivers’ education classes for teenagers.

Statistically speaking, drivers under the age of 21 and over 75 get into accidents more often. The Insurance Department recommends maintaining clean driving records. Teen drivers should steer clear of over speeding, moving violations, and traffic violation tickets to avoid spotty driving records. Insurance providers look at drivers’ records to assess whether a policyholder is a high-risk driver or not. Generally speaking, drivers considered to be at high risk for accidents get higher premiums while responsible and cautious motorists can qualify for great discounts.

The guidelines also warn against driving under the influence of alcohol or controlled substances. A DUI can make things worse for a motorist already suffering from a spotty driving record. Companies slap on high premiums for a minimum of three years if a driver is found guilty of DUI. Worse, some providers shun drivers with DUIs.

The type of the policyholder’s vehicles will also affect car insurance rates. A newer and safer car will lead to lower premiums while an older car can result in coverage that is more expensive. Providers usually prefer vehicles that are statistically safer and boast of safety features. A safer car would mean a lower chance for accidents or injuries, and a lower possibility for payouts.

To cut insurance costs, the OID suggests car owners install anti-theft devices to deter would-be car thieves. Certain areas are considered hotspots for stolen cars. Expensive cars and large SUVs can also mean a higher chance of it getting stolen. Drivers have to decide what cars to purchase to avoid hefty premiums annually, the state says.