Oklahoma Liability Insurance Requirements for Private Passenger Vehicles
Here are the minimum amounts you must carry:
- $25,000â€•Injury or death of one person
- $50,000â€•Injury or death of two or more persons
- $25,000â€•For property damage
Remember, these are minimum requirements.
Coverage for Your Car
There are two types coverage that you can choose to purchase to protect your car.
Collision Coverage pays for physical damage to your car as a result of your auto colliding with an object, such as another car or a tree.
Comprehensive Coverage pays for damage to your auto from almost all other losses other than collision. Covered losses under comprehensive coverage include the following: theft, fire, vandalism, weather related losses such as hail, water (flood), falling objects, damage caused by a bird or animal, and glass breakage.
When purchasing collision or comprehensive coverage, you will need to determine what your deductible should be. A deductible is the amount of money you agree to pay prior to the insurance company making any payment on a loss. Typical deductible amounts are $250, $500 or $1000.
Uninsured Motorist This coverage pays you, resident members of your family, and occupants of your car for personal injuries caused by an uninsured motorist, an underinsured motorist, or a hit and run driver. While you are not required by law to carry this coverage, companies are required to offer it with every policy. It does not pay for damages to your car. If an uninsured motorist damages your car, repairs would be paid for under your collision coverage. If you carry liability only, there would be no insurance coverage available to repair your car
Medical Payment Coverage (MPC) pays for the medical and funeral expenses for you or others injured or killed in an accident while riding in or driving your auto. This coverage also often extends to insured individuals that are struck by a vehicle while acting as a pedestrian. Covered expenses include hospital, surgical, chiropractor, dental, and funeral expenses. This might duplicate benefits provided by your health insurer.
Rental reimbursement coverage or transportation expenses pay for a rental car if your vehicle is damaged by a covered loss. This coverage is usually purchased with a daily and total maximum. For example, $20 per day up to a total of $600.
Towing or Emergency Road Service coverage pays the cost of towing your car to a repair shop.
Auto Insurance rates in the Broken Arrow, Owasso, and Tulsa vary depending on many factors.
Some of the main factors are your driving history, type of vehicle, miles driven each day, coverages desired, and duration of time you've been with current insurance carrier. It is very important not to let your car insurance lapse, not only will it affect the rate you pay, but the liability exposure you'd face without coverage could cause years of legal and monetary problems for you and/or your family.
To find out more give us a call at either one of our TWFG branches in Owasso or Broken Arrow.
Click on the Auto Quote tab on the main page and we will start the quoting process for you.