Oklahoma High Risk Auto Insurance
Oklahoma has 145 different companies that are licensed to underwrite and sell auto insurance policies. Some of the companies that offer high risk auto insurance in Oklahoma are American Fire & Casualty, Central Mutual, Geico, General Insurance Company of America, Nationwide, and State Farm.
In order to protect drivers in the state of Oklahoma, certain minimum auto insurance liability coverage is required in order to operate a vehicle on the state's roadways. The minimum coverage required includes bodily injury liability of $25,000 per individual/$50,000 per accident and property damage liability of $25,000.
Drivers in Oklahoma are required to carry proof of insurance in the vehicle with them at all times. A driver may be asked to show this proof at any time by a law enforcement officer or Department of Public Safety representative. There are some stiff penalties for not being able to produce proof of insurance upon request.
The penalty for not being able to provide proof of insurance upon request of a law enforcement officer or representative of the Department of Public Safety can include a $250 fine and/or 30 days in jail. If convicted of not having the minimum insurance coverage, drivers also face suspension of their driver's license and loss of their vehicle registration until such time as the person is able to prove that minimum acceptable insurance coverage has been obtained and the required reinstatement fees are paid.
Oklahoma uses a tort system. Therefore, in any accident, someone will be found at fault and held responsible for the medical and property damage bills of all other parties in the accident. Typically, drivers who are found at fault for multiple accidents will need to obtain high risk auto insurance.