The average insurance premium of used cars in the state of Oklahoma is $ 2074 per annum. Tulsa, the second largest city of Oklahoma has an average insurance premium of $ 2217 per annum, which is higher than the insurance average premium of the state itself.
The data analysis will compare eight car models in terms of insurance average and median prices. Please note that the used car models belong to the year range of 2005 to 2012.
The Nissan Altima, which was launched in the early 1990s, has the highest insurance average ($2406) which is even higher than Tulsa’s average insurance per annum. But this model has the second lowest median price ($ 15999). The Altima also has the highest insurance percentage (15%) among all the used car models.
The Honda Accord and the Toyota Corolla have the same insurance average ($ 2131) but their median prices show a considerable variation. While the median price of the Accord is $19445, it is $ 14987 in the case of the Corolla. The Corolla’s median price is the lowest among the eight car models.
The Honda CR-V has the lowest insurance average of $ 1868 but has the third highest median price ($ 21787) overall. Among the three models of Honda—the Honda Civic has the highest insurance average ($ 2159).
The Toyota Camry has an insurance average of $ 2200, which is quite close to the average insurance rate of Tulsa city.
The Ford F-Series has the highest median price ($ 27981) followed by the Chevrolet Silverado ($ 23937).
The table below gives us details of the models with the lowest insurance average in Tulsa.
|Model||Insurance Average ($)|
The table below shows us that the Toyota Corolla is the most pocket-friendly used car in this segment in Tulsa.
|Model||Median price ($)|