Understanding Local Insurance Agencies in Oklahoma: A Comprehensive Guide Insurance policy provides a combination of protections in exchange for an annual premium. The policy typically includes state-mandated liability coverage that must be carried in order to register a vehicle. Additional coverage types, such as comprehensive and collision, are typically optional (though 80% of drivers carry them), but they can be required by lenders when a car is leased or financed. https://insuracarelife.com/understanding-local-insurance-agencies-in-oklahoma-a-guide/