Oklahoma Auto Insurance Requirements

Answer 1

In the state of Oklahoma, drivers must purchase auto insurance. Failure to provide proof of insurance will result in fines and the possibility of serving time in jail. The liability policy must cover at least $25,000 for death or injury of one person, and $50,000 for the death or injury of two or more people involved, and $25,000 to cover property damage. If you are not a resident of Oklahoma and you rent a car, then you must be able to provide proof of coverage. Ask your insurance agent about your rental car coverage before renting a car. If you rent a car using a credit card, then you could have additional protection. Call your credit card company to find out about possible coverage.

Oklahoma drivers don't have to purchase uninsured motorist coverage, but it is highly recommended by most insurance agents. Recent studies show that approximately one-fourth of Oklahoma drivers do not have auto insurance. For a small additional fee, you can add uninsured motorist coverage to protect yourself. If an accident occurs involving a vehicle that isn't insured, then the police will tow the car. Learn more about uninsured coverage by speaking to your insurance agent.

Oklahoma is known as a tort state. This means the at-fault driver is responsible for injuries and damages caused in the accident. The insurance companies determine the level of fault in an accident by reviewing the police report. The at-fault driver's insurance must pay for the damages. Insurance agents recommend purchasing auto insurance coverage that exceeds the minimum requirements.

If you let your auto insurance lapse with no coverage, then you will face higher insurance rates when you renew the policy. You must show proof of insurance when stopped by a law enforcement officer, and if you can't provide proof, then you can have your driver's license suspended. With all of the fees and penalties, it is cheaper to purchase auto insurance and keep it current.