Understanding Auto Insurance
Choosing the right auto insurance doesn’t have to be overwhelming. At OKC Insurance Brokers, we represent multiple top-rated insurance companies that offer a wide variety of car insurance products at competitive rates. You may also qualify for valuable discounts that lower your premium.
When applying for auto insurance, you’ll make several key choices. These include selecting liability limits, deductible amounts, and deciding on optional coverages. Our experienced agents help you understand these terms and determine the coverage that fits your needs.
Key Auto Insurance Coverage Options
1. Collision and Comprehensive Coverage
These policies cover damage to your own vehicle.
Collision Coverage: Pays for damage resulting from an accident with another car or object.
Comprehensive Coverage: Covers non-collision damage like theft, fire, flooding, or vandalism.
Both usually include a deductible—you pay this amount first before insurance covers the rest. A higher deductible lowers your premium but increases your out-of-pocket cost in an accident.
Tip: If you have an auto loan, lenders typically require both types of coverage.
2. Liability Coverage
Liability coverage pays for:
Injuries you cause to others
Property damage from an accident you caused
This type of coverage is required by law in both Oklahoma and Texas.
3. Medical Payments Coverage
This optional coverage pays medical bills for you and your passengers after an accident, no matter who’s at fault. If you already have health insurance, you might not need this.
4. Uninsured/Underinsured Motorist Coverage
If you’re injured by a driver without insurance—or not enough insurance—this policy helps cover medical costs and damages. It also applies in hit-and-run situations.
5. Optional Coverages
Enhance your auto policy with these extras:
Towing
Roadside Assistance
Rental Car Reimbursement
These are not mandatory but can add peace of mind during unexpected events.
How Much Coverage Do You Need?
To decide, consider these factors:
Your Assets: More assets require higher liability coverage for protection.
Vehicle Value: Expensive or newer cars may benefit from full coverage.
Risk Tolerance: How much can you afford to pay out-of-pocket?
Loan Requirements: Lenders often require full coverage.
Our team will help you strike the right balance between cost and protection.
State Minimum Liability Requirements
Oklahoma Minimums
25/50/25:
$25,000 for injury per person
$50,000 for total injuries per accident
$25,000 for property damage
Texas Minimums
30/60/25:
$30,000 for injury per person
$60,000 for total injuries per accident
$25,000 for property damage
Need Help Choosing the Right Auto Insurance?
Let OKC Insurance Brokers guide you. We provide personalized service and coverage options in Oklahoma and Texas. Whether you’re comparing quotes or building a new policy, we’ll make sure you get the protection you need—at a price that makes sense.
Call us today or request a free quote .