Reader’s Question:

Anyone out there who can give information regarding minimum auto insurance requirements in Oklahoma City, OK? I really appreciate it very much if someone from Oklahoma can answer.

Robert

Oklahoma City, Oklahoma OK

Minimum requirements in the state of Oklahoma are 25/50/25. Your auto insurance must provide coverage to the tune of twenty five thousand dollars for medical expenses incurred by an individual driver, fifty thousand dollars for combined medical expenses of all of the occupants of a vehicle and twenty five thousand dollars to provide for repair to public and private property, including the vehicle of the victim.

Liability insurance is required for all Oklahoma vehicles which will cover the cost of medical car and auto repair to the person and vehicle injured in an accident for which the insured was responsible. Medical expenses and repair costs can quickly rise in excess of these amounts and the insured will be held personally liable for the difference that is why it is strongly recommended that a liability policy greater than the minimum be purchased.

Comprehensive and collision insurance is not required unless a vehicle is under lien but is still recommended in Oklahoma City, OK. If you are responsible for an accident and has no collision insurance, you will be held singly responsible for repairs to their vehicle. Collision coverage will provide for repairs up to the Kelley Blue Book value of your car, so if costs exceed this amount the car will be totaled and you will receive the cash value of the car.

Tags: auto insurance, car insurance

Reader’s Question:

We just moved here in Tulsa, Oklahoma and I’m planning to buy a new car and of course, I have to plan for the auto insurance as well. Is it true that getting a less horsepower car can give me a smaller auto-insurance premium?

Liz

Tulsa, OK

Yes, it’s hard to believe that in some cases in Oklahoma, one of the mechanics behind your insurance premium could be as simple as the engine under your car’s hood. If you own a sports car, you are going to pay much high premiums than somebody who drives a little Honda sedan. This is because statistics have shown you are much more likely to get into an accident and either hurt yourself or someone else. These statistics have resulted to considerably high insurance premiums for sports car owners.

Of course, it doesn’t always depend on your horsepower. Drivers of SUV’s and large trucks are the target of higher prices as well. That’s because when one of these large vehicles gets into an accident it’s much easier to injure someone outside of the vehicle or cause severe damage to some structure. This is one of those things people have to live with when owning larger more powerful vehicles. There are ways to try to lower the cost like finding better quotes online. You may also add safety features like an alarm system.

The only true solution in getting cheap car insurance is to get a smaller car but if you are set on having a larger vehicle, then I would say, go online and get multiple quotes. This would give you an idea of what you are going to pay.

Reader’s Question:

My mother had my vehicle and her vehicle on her car insurance policy in Lawton Oklahoma. She just passed away so my question is how long do I have to change the insurance policy under my name?

George

Lawton, OK

Sorry for the loss of your mother. Since terms of auto insurance policies vary you will need to find out from your mother’s insurance broker or agent in Lawton OK how long you have to change over the car insurance policy and what steps to take to obtain an auto insurance policy for at least your car in your name.

Normally, a car insurance policy terminates upon the death of the policyholder, usually done by the request of the estate.

There are some certain general provisions that are required by state law, but policies can vary. It is essential in your situation to read through the car insurance policy issued to your mother. If you have more inquiries, contact your mother’s insurance agent or carrier for information and clarifications on what the process is now that your mother has passed away.