Auto Insurance in Louisiana
Louisiana’s auto insurance rates are on the higher side — on average $2,026 per year, compared to the nationwide average of $1,669. That said, how much you’ll pay can vary a lot depending on your car, your coverage, and your address. Use our tool to find your best rates:
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Louisiana auto insurance premiums are considerably higher than the national average. While rates vary from city to city, all areas have premiums that are several hundred dollars higher than the national average. This makes it important for all Louisiana drivers to get quotes from several car insurance companies. By collecting several quotes, drivers can compare their options to choose affordable policies that match their coverage needs.
Louisiana Minimum Liability
Louisiana’s state minimum liability coverage is 15/30/15, meaning policy-holders are covered at a rate of $15,000 per person, $30,000 per accident. Their state’s minimum for property damage is $25,000 — and both are much lower than the recommended minimum of 50/100/50, which means policyholders get $50,000 per person and $100,000 per accident in bodily injury coverage as well as $50,000 to cover property damage.
In many cases, even 50/100/50 coverage is not enough to cover costs. In 2013, the average bodily injury claim was $15,443. The average property damage claim in 2013 was $3,231. While Louisiana’s state minimum nearly covers these amounts, about half of Louisiana’s bodily injury and property damage claims exceed the averages. This can make policyholders responsible for paying tens or even hundreds of thousands of dollars out of their own pockets. A policy with 100/300/100 coverage offers more protection for those who can afford higher premiums.
Getting quotes from several auto insurance providers will help you know whether you have the coverage you need at a price you can afford. Insurance companies evaluate driver profiles in unique ways. This often means that some companies offer significantly lower prices than others. Comparing quotes and policies takes time, but the savings and improved coverage are well worth the effort.
Cheapest Car Insurance in Louisiana
- $1,928Southern Farm Bureau
- $1,878State Farm
In a state with premiums as high as Louisiana’s, it’s understandable to be concerned about the price of your car insurance. To ensure you get the best rate and the best service, it’s important get quotes from a number of companies. We find that the companies listed here have some of the area’s cheapest rates.
Getting auto insurance from one of these companies should make your payments as affordable as possible, but it’s important to compare policies to make sure you get the coverage you need. Some car insurers cut corners to keep their policies cheap. Unfortunately, this could mean you don’t get great customer service, or you have difficulty getting claims reimbursed.
Most Popular Companies by Marketshare
- Southern Farm Bureau
- State Farm
These are some of the most popular car insurance companies in Louisiana. One reason they are popular is that they cater to the specific needs of the state’s drivers. Just because a company is popular, however, does not necessarily mean it’s one of your best options. Popular insurance companies often have large advertising budgets that help them become more recognizable to consumers. Popularity doesn’t always mean you get better coverage or cheaper rates.
You should get quotes from these popular companies to decide whether one of them matches your needs. With that said, make sure you don’t forget to compare them with less popular companies that may offer better deals.
Choosing the Best Car Insurance in Louisiana
The top-rated Louisiana car insurance companies offer services and prices that will keep you happy for many years. Compare the best companies and decide whether one fits your needs.
You should look at several factors when choosing the top Louisiana car insurance companies. Customer service, fair premiums, and a fair claims process are some of the most important factors. Also consider each company’s financial standing, coverage options, price discounts, and whether they give customers access to real agents.
Where is car insurance most affordable?
Louisiana insurance premiums vary depending on several factors; for example, where you live can have a significant influence on how much you pay for your policy.
People in large cities like New Orleans and Baton Rouge tend to pay the highest rates. Regardless of which city you live in, though, you’ll likely pay premiums above the national average.
Since prices vary by location, Louisiana residents should get quotes from several companies to help you compare quotes to the state and national averages so you can get a good deal on the coverage you want.
Baton Rouge Auto Insurance
Baton Rouge’s population of 229,818 people makes it Louisiana’s second-largest city. It’s also the state’s capital, and the location along a natural river bluff makes it an important center for shipping and commerce. This location, however, is susceptible to flooding. Insurance premiums in Baton Rouge are slightly higher than the state average, so residents should make sure they compare several insurance policies and choose affordable options to protect themselves from damage caused by floods and severe weather.
Bossier City Auto Insurance
Bossier City’s northern location helps protect it from the worst effects of hurricanes, and the state has used it to house coastal populations displaced by storms. The city of 66,333 residents has a thriving gaming industry with several riverboat casinos. Although car insurance premiums in Bossier City are much cheaper than the state average, they are still higher than the national average.
Kenner Auto Insurance
Kenner has a relatively small population of 66,975. The city’s proximity to New Orleans, however, makes it a sizable suburb. It’s location along Lake Pontchartrain and the Mississippi River make it vulnerable to flooding during large storms, and the potential property damage from floods and hurricanes helps explain why Kenner’s insurance premiums are higher than the state average. Only drivers in New Orleans pay higher premiums.
Lafayette Auto Insurance
Lafayette’s population of 124,276 makes it the fourth-largest city in Louisiana. It’s considered the center of Louisiana’s Creole and Cajun cultures. Car insurance premiums in Lafayette are among the cheapest in the state but are still much higher than the national average. Since most people in the area rely on their own vehicles, it’s important for them to choose affordable policies that match their needs.
Lake Charles Auto Insurance
Located on Lake Charles and Prien Lake, the city of Lake Charles is an important hub for gaming and the petrochemical refining industry and has a population of 74,024 people. It’s also a destination for students attending local universities and colleges. Insurance premiums in Lake Charles are among the lowest in the state, but still much higher than the national average.
Monroe Auto Insurance
Monroe has a population of 48,815, and its location in the state’s north protects it from hurricanes that can damage property, although it still experiences significant annual precipitation, as well as occasional hail and damaging winds. However, being out of the path of major hurricanes helps explain why car insurance premiums in Monroe are notably lower than the state average
New Orleans Auto Insurance
With a population of 378,715 people, New Orleans is by far the largest city in Louisiana. New Orleans as the birthplace of jazz, and it’s also a popular destination for people who want to experience the area’s unique cuisine and nightlife. New Orleans suffered severe damage during Hurricanes Katrina and Rita, and some neighborhoods were practically wiped out. Not surprisingly, New Orleans has the highest premiums in Louisiana. Policies may cost several hundred dollars more than the state average.
Shreveport Auto Insurance
Shreveport’s population of 193,282 makes it the third-largest city in the state. Shreveport features an annual Mardi Gras celebration similar to that held in New Orleans. Although Shreveport’s Mardi Gras parade was canceled during World War I, residents managed to revive it in the 1980s. Despite the city’s fairly large size, auto insurance premiums in Shreveport are a couple of hundred dollars cheaper than the state average.
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