OKLAHOMA CITY ( KFOR ) — Oklahomans paying for full coverage premiums on car insurance should expect another rise in rates as this year comes to an end.
Oklahoma has one of the highest percentage increases in the country over the last year.
Car insurance in Oklahoma has seen more than a 20% increase, resulting in drivers having to pay hundreds of more dollars.
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“We expect them to rise about another 11% by years end,” Chase Gardner, Data Insight Manager at Insurify said. “So, that would bring rates up over $2,300 per year for the average Oklahoman.”
More money is coming out of Oklahomans pocket as car insurance rates are increasing once again.
“There are three big factors, the first being inflation,” Gardner said. “Then on top of that, we’ve actually seen accident rates go up compared to 2019 levels.”
Oklahoma ranks top ten in car accidents and fatal car accidents per 100,000 people since 2022.