By: Ishan Mukhopadhyay Jul. 13, 2018

A survey of car insurance policies in Tulsa, Oklahoma, showed that the most expensive premiums starting at $1,693 are paid by 16-year-old boys driving less than 7,500 miles annually. These were the findings of a survey Raltin conducted using information from the OK.GOV website. The cheapest premium of $270 is paid by 55-year-old married men driving 12,000 miles annually. The car selected for this survey is a 2010 Chevrolet Malibu LS 4-door sedan.

LM General Insurance Company charges the most expensive premium for the cohort of 16-year-old male drivers, at $1,435. The second most expensive premium is paid by 16-year-old female drivers, at 5,645, offered by the same company.

The cheapest premium of $270 for 55-year-old married men is offered by Geico Casualty Company. The next cheapest premiums are available for 36-year-old married men and women, at $295, also offered by Geico Casualty Company.

If you belong to the cohort of 16-year-old male drivers, you are likely to be charged very high premiums. But you can also make big savings if you choose smartly. This claim is backed by one more insight obtained from the survey. The greatest difference between the 75th and 25th percentiles in premiums is for this cohort, at 49.82%. The second most significant difference (at 46.46%) is for 16-year-old female drivers.

The following graph compares premiums across customer cohorts, in Tulsa, OK.

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The following table compares the car insurance premiums for key cohorts in Tulsa, OK, and the differences between the 75th and 25th percentiles of premium rates.

CohortCheapest Car Insurance Companies in Tulsa, OKMost Expensive Car Insurance Companies in Tulsa, OKMedian Car Insurance Companies in Tulsa, OK25th Percentile of Car Insurance Premiums in Tulsa, OK75th Percentile of Car Insurance Premiums in Tulsa, OKDollar Difference between 25th and 75th PercentilesPercentage Difference between 25th and 75th Percentiles
36-year-old married women driving 12,000 miles annuallyGEICO CASUALTY COMPANY ($295)LM GENERAL INSURANCE COMPANY ($1,346)AMERICAN FARMERS & RANCHERS MUTUAL INS. CO ($830)USAA GENERAL INDEMNITY COMPANY ($597)PROGRESSIVE NORTHERN INSURANCE COMPANY ($966)$36938.2%
70-year-old married men driving 7,500 miles annuallyGEICO CASUALTY COMPANY ($341)LM GENERAL INSURANCE COMPANY ($1,560)FARMERS INSURANCE COMPANY ($861)ALLSTATE FIRE & CASUALTY INSURANCE CO. ($548)PROGRESSIVE NORTHERN INSURANCE COMPANY ($997)$44945.04%
70-year-old married women driving 7,500 miles annuallyGEICO CASUALTY COMPANY ($341)EQUITY INSURANCE COMPANY ($1,378)STATE FARM FIRE & CASUALTY COMPANY ($757)ALLSTATE FIRE & CASUALTY INSURANCE CO. ($548)PROGRESSIVE NORTHERN INSURANCE COMPANY ($952)$40442.44%
21-year-old single men driving 12,000GEICO CASUALTY COMPANY ($411)TRADERS INSURANCE COMPANY ($2,737)CSAA GENERAL INSURANCE COMPANY ($1,530)SAFECO INSURANCE COMPANY OF AMERICA ($1,368)HARBOR INSURANCE COMPANY ($2,046)$67833.14%
55-year-old married women driving 12,000 miles annuallyGEICO CASUALTY COMPANY ($270)LM GENERAL INSURANCE COMPANY ($1,282)STANDARD FIRE INSURANCE COMPANY ($738)ALLSTATE FIRE & CASUALTY INSURANCE CO. ($522)PROGRESSIVE DIRECT INSURANCE COMPANY ($828)$30636.96%
16-year-old single girls driving 12,000 miles annuallyOKLAHOMA FARM BUREAU MUTUAL INS. CO. ($1,202)LM GENERAL INSURANCE COMPANY ($5,645)STANDARD FIRE INSURANCE COMPANY ($2,709)AMERICAN FARMERS & RANCHERS MUTUAL INS. CO ($2,214)TRADERS INSURANCE COMPANY ($4,135)$1,92146.46%
16-year-old single boys driving less than 7,500 miles annuallyGEICO CASUALTY COMPANY ($1,693)PROGRESSIVE NORTHERN INSURANCE COMPANY ($6,548)HARBOR INSURANCE COMPANY ($3,402)ALLSTATE FIRE & CASUALTY INSURANCE CO. ($2,421)FARMERS INSURANCE COMPANY ($4,825)$2,40449.82%
55-year-old married men driving 12,000 miles annuallyGEICO CASUALTY COMPANY ($270)LM GENERAL INSURANCE COMPANY ($1,435)STANDARD FIRE INSURANCE COMPANY ($784)ALLSTATE FIRE & CASUALTY INSURANCE CO. ($522)STATE FARM FIRE & CASUALTY COMPANY ($855)$33338.95%
21-year-old single women driving 12,000 miles annuallyGEICO CASUALTY COMPANY ($443)LM GENERAL INSURANCE COMPANY ($2,412)AMERICAN FARMERS & RANCHERS MUTUAL INS. CO ($1,330)OKLAHOMA FARM BUREAU MUTUAL INS. CO. ($965)PROGRESSIVE NORTHERN INSURANCE COMPANY ($1,773)$80845.57%
36-year-old married men driving 12,000 miles annuallyGEICO CASUALTY COMPANY ($295)LM GENERAL INSURANCE COMPANY ($1,432)AMERICAN FARMERS & RANCHERS MUTUAL INS. CO ($861)USAA GENERAL INDEMNITY COMPANY ($600)STANDARD FIRE INSURANCE COMPANY ($983)$383-38.96%


ABOUT THE AUTHOR

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Ishan Mukhopadhyay

Ishan has over 5 years of experience as a freelance journalist and a content writer. He graduated from The English and Foreign Languages University and holds a Masters degree from the University of Hyderabad. Apart from the English language, Ishan's other passion is data driven journalism.

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