Carr & Carr

As a driver in Oklahoma you are held financially liable for any injuries or property damage you cause. This is not a “no-fault” state. If you are found to be only partially responsible for causing injury or damage, you will be assessed for “comparative negligence” and pay a reduced amount.

Oklahoma requires drivers to carry at least $25,000 for bodily injury. This is the minimum and most insurance companies will urge you to carry more. Medical costs are not minimum these days and your insurance coverage needs to keep up.

Uninsured Motorists
When you are in an accident and discover that the other driver has no insurance, or has less than the required minimum insurance (under-insured motorist), you will have to dip into your own pocket – unless you have uninsured motorist insurance. They are packaged together in Oklahoma. You can buy this coverage at the state’s minimum level of bodily injury -- $25,000. Or you can buy less than that; it’s your call.

Here’s some good news:
If the other driver in your accident is uninsured and you have to use your own insurance to cover costs, your insurance company cannot cancel your policy, fail to renew it, or raise your premium.

What Determines Your Insurance Rates
Insurance companies hire fleets of actuaries to analyze the company’s statistical records and figure out what types of policy holders are costing the company the most money. Insurance premiums are calculated separately for each group of policy holders, according to how expensive they are for the company.

So for example, if you are young male driver, your rate will be higher than for a young female driver, because as a group, young males cost the company more in accident claims.

To best protect yourself and your loved ones on the road, purchase as much auto insurance as you can. It’s a gamble, but one that we all have to take. You may regard yourself as an excellent driver, and may never be involved an accident at all – but the day that you are suddenly thrown onto the roadside by a big rig out of control you’ll quickly wish you had invested in more auto insurance.

If you have been injured in an auto accident and would like to know more about your legal rights and options, please contact our auto accident attorneys today for a free consultation.