Category: Auto

Does your car insurance cover other drivers? The short answer is yes, your auto insurance likely extends to a licensed driver you’ve given permission to drive your car, but there’s more to it than that. Here’s what you need to know: 

State Laws

It’s important to note that determining liability when someone else drives your car can vary by state. In Oklahoma, the car owner’s insurance will provide physical damage coverage. This is because comprehensive and collision coverages are specifically linked to the car. 

Your Auto Coverage

If the person borrowing your car gets into an accident and is found at fault, your auto liability coverage may help pay for the other vehicle’s damage and the other driver’s medical bills. However, it’s crucial to understand that your policy’s liability coverage likely would not cover damages to your own vehicle or the medical bills for the driver of your car in this situation.

Remember, every situation is unique, and your auto policy may include specific restrictions and exclusions. It’s always best to review your policy with your OKFB Insurance agent to fully understand your coverage before letting someone borrow your vehicle.

Primary Coverage Limits

If an accident causes injuries or damages that exceed your auto insurance policy’s coverage limits, the borrowing driver’s auto policy could potentially be used as secondary coverage to help pay for costs beyond your insurance policy’s limits. Your OKFB Insurance agent can help you understand the auto limits on your policy so you know exactly how much coverage you have.

While your car insurance likely covers other drivers, it’s essential to understand the nuances of your policy. We’re here to help you navigate these complexities and ensure you have the right coverage for your needs. Don’t hesitate to reach out to your local agent with any questions or concerns about your auto insurance policy! 

We’re Here to Help

Whether you’re a longtime policyholder or just starting to look for insurance options, we’re here to help. If you have questions or concerns that you want to discuss, connect with your local OKFB agent today. If you have any insurance-specific questions, we would love to help you find the coverage that best meets your home, auto, commercial and life insurance needs.

Don’t forget to follow us on social! This kind of information and more is just a click away. You can find us on Facebook, Instagram and LinkedIn.

Ever wondered how your auto insurance premiums are calculated? The truth is, several factors come into play when determining your rates. Understanding these factors can help you make informed decisions about your coverage and potentially save money. Keep reading for six key elements that can affect your auto insurance premiums!

Where You Live (and Park)

Where you live (and park) plays a significant role in determining your insurance rate. Companies consider local demographics, including crime rates, theft and vandalism statistics, population density, and even weather patterns. Urban areas with higher crime rates or regions prone to severe weather events may see higher premiums due to increased risk.

How Much You Drive

When you applied for an auto policy, you were likely asked about your average annual mileage. Simply put, the more you drive, the higher your chances of being involved in an accident, which is why high-mileage drivers often have higher premiums than those who drive less frequently.

What You Drive

The make and model of your car, along with its engine size and theft rating, can significantly impact your insurance costs. Expensive cars, those with powerful engines, or models that are frequently targeted by thieves may cost more to insure. Something to think about when buying or leasing a new car! 

Your Driving Record

One of the biggest factors affecting your auto insurance premiums is your driving record. A safe driving history with no accidents or traffic violations can lead to lower rates, while a poor driving record with multiple incidents can result in higher premiums. It all comes down to risk, which is why insurance companies typically view drivers with a safe driving history less risky. 

Your Age

Age plays a role in determining insurance rates, particularly for younger and older drivers. Younger drivers, typically those under 25, often face higher premiums due to their lack of experience behind the wheel. That said, once drivers get older, like in their mid-70s, they may see an increase in rates again due to age-related risk factors.

Your Deductible

The amount of your deductible, the out-of-pocket expense you agree to pay before your insurance coverage kicks in, can be adjusted based on your preference. Opting for a higher deductible can lower your premium but means you’ll pay more out of pocket if you need to file a claim. 

Understanding these factors can help you make informed decisions about your auto insurance. At OKFB Insurance, we’re committed to helping you find the right coverage. Contact your local agent to review your policy or get an instant auto quote! 

We’re Here to Help

Whether you’re a longtime policyholder or just starting to look for insurance options, we’re here to help. If you have questions or concerns that you want to discuss, connect with your local OKFB agent today. If you have any insurance-specific questions, we would love to help you find the coverage that best meets your home, auto, commercial and life insurance needs.

Don’t forget to follow us on social! This kind of information and more is just a click away. You can find us on Facebook, Instagram and LinkedIn.

Keeping your car in good condition isn’t just about preserving its value—it’s about ensuring your safety on the road and avoiding costly repairs down the line. Here are seven essential car maintenance tips that every driver–new or old–should know!

Check tire pressure and rotate tires

Your tires are literally where the rubber meets the road, making them crucial for your safety. Check your tire pressure monthly and before long trips. Proper inflation helps prevent blowouts, improves fuel efficiency, and ensures even wear. Don’t forget to rotate your tires every 5,000 to 8,000 miles to promote even wear and extend their lifespan!

Check the motor oil

Oil is what keeps your engine running smoothly. Regularly checking your oil level and changing it according to your vehicle’s manual (typically every 3,000 to 5,000 miles) can significantly extend your engine’s life and improve its performance.

Test the headlights and taillights

Good visibility is essential for safe driving. Regularly check all your lights—headlights, taillights, brake lights, and turn signals. Replace any burnt-out bulbs immediately. Not only is this crucial for your safety and others, but it’s also a legal requirement in most places.

Check and replace windshield wipers

Windshield wipers are often overlooked until you’re caught in a downpour with poor visibility. Inspect your wipers for signs of wear and replace them every 6 to 12 months or sooner if you notice streaking or skipping.

We’re Here to Help

Whether you’re a longtime policyholder or just starting to look for insurance options, we’re here to help. If you have questions or concerns that you want to discuss, connect with your local OKFB agent today. If you have any insurance-specific questions, we would love to help you find the coverage that best meets your home, auto, commercial and life insurance needs.

Don’t forget to follow us on social! This kind of information and more is just a click away. You can find us on Facebook, Instagram and LinkedIn.

Do I need to buy the rental company’s insurance when renting a car? This is the million-dollar question for many renters. Renting a car can be a convenient solution when on vacation. However, one common dilemma that often arises at the rental counter is whether to purchase the insurance offered by the rental company. The answer depends on several factors, including your existing insurance coverage, the type of rental car, and your comfort level with assuming potential risks. Let’s delve into the factors to consider: 

Covering car damage

If you already have full comprehensive and collision coverage on your personal auto insurance policy, it may extend to rental cars as well. In many cases, your own insurance will cover damages to the rental vehicle, similar to how it would cover damages to your own car. However, it’s crucial to review your policy details before assuming anything.

Covering personal liability

Oklahoma auto insurance laws state drivers must carry liability coverage that meets or exceeds 25/50/25 policy limits. Fortunately, this coverage usually extends to rental cars as well, providing protection against bodily injury and property damage claims. 

Check with your agent

When in doubt, seek guidance from your insurance agent. They can provide clarity on your existing coverage, advise you on additional insurance options, and help you make an informed decision based on your individual needs and circumstances. If you’re not sure what your policy covers, your OKFB agent can help! 

We’re Here to Help

Whether you’re a longtime policyholder or just starting to look for insurance options, we’re here to help. If you have questions or concerns that you want to discuss, connect with your local OKFB agent today. If you have any insurance-specific questions, we would love to help you find the coverage that best meets your home, auto, commercial and life insurance needs.

Don’t forget to follow us on social! This kind of information and more is just a click away. You can find us on Facebook, Instagram and LinkedIn.