Personal Finance Insider writes about products, strategies, and tips to help you make smart decisions with your money. We may receive a small commission from our partners, like American Express, but our reporting and recommendations are always independent and objective. Terms apply to offers listed on this page. Read our editorial standards.
According to the Insurance Information Institute, Louisiana is the most expensive state for car insurance in the US, with the average driver spending about $1,443 per year on premiums.
Auto insurance costs can vary widely from person to person. Car insurance companies consider your location, age, gender, and driving record to calculate rates for premiums. Other factors like credit score, marital status, vehicle type, previous coverage, and miles driven can all play a role in the amount you'll pay for coverage.
The best way to get a good deal on car insurance is always to shop around. It's essential to ensure that you're getting the best deal for you, so you'll want to get several quotes from different companies and compare them.
Minimum car liability insurance requirements in Louisiana
In the US, all drivers must have liability coverage. If you're involved in an accident, liability insurance covers damage you cause to the other vehicle, driver, and passengers. If you finance or lease your car, your lender probably requires comprehensive and collision coverage.
"Louisiana remains among the most expensive states for car insurance because of a number of factors, including a high rate of uninsured drivers as well as a high rate of auto litigation," writes The New Orleans Advocate.
The two main components of liability insurance are bodily injury and property damage, which most states require. Liability insurance also includes uninsured motorist and underinsured motorist coverage to protect you when an at-fault driver hits you and they have no coverage or not enough coverage.
Louisiana requires bodily and property coverage, according to the Insurance Information Institute. Louisiana's minimum liability requirements are 15/30/25 — up to $15,000 of injury protection for each person involved in an accident, up to $30,000 worth of injuries per incident, and up to $25,000 of property damages per incident.
| Injury you cause to others, includes medical expenses, lost wages, and funeral expenses |
| Damage you cause to others' vehicle or property |
| Protects you when an at-fault driver hits you with no insurance |
| Protects you when an at-fault driver hits you with not enough coverage |
Best cheap car insurance in Louisiana based on credit score
Consumer Reports compiled data from all auto insurance companies in every state, and looked at how their algorithms price premiums. It worked out the average premium for a single driver with three different credit types in Louisiana, and found that these three companies had the best rates for each credit category.
|
|
Best car insurance for Louisiana drivers with a clean record
For a driver in Louisiana age 25 or older with no accidents and one vehicle, the following companies provide the best average rates:
| $143 |
| $161 |
| $189 |
| $192 |
| $226 |
| $233 |
| $248 |
| $249 |
| $271 |
| $282 |
*USAA is only for active military, veterans, and their families.
Above data obtained from Savvy, based on 1,343 policyholders in the state of Louisiana
Best car insurance for Louisiana drivers with one or more accidents
For a driver in Louisiana age 25 or older, with one or more accidents and one vehicle, the following companies provide the best average rates:
| $185 |
| $213 |
| $234 |
| $243 |
| $252 |
Above data obtained from Savvy, based on 1,343 policyholders in the state of Louisiana
Average premiums for seniors and teen drivers in Louisiana
The table below shows the average senior and teen drivers can expect to pay in Louisiana. Because teen drivers are new drivers with little driving history and more prone to accidents, their rates are high. Most insurance companies offer discounts to teen drivers for good grades or driving safety classes.
Senior drivers typically see an uptick in car insurance premiums as they age, but not as much of an increase as new or teen drivers. If you're still driving in your 60s and 70s, there are ways to negotiate cheaper auto insurance rates, like pay-per-mile usage.
| $4,212 per year |
Data provided by Goosehead Insurance
Louisiana car insurance rates by city
Below is the estimated average annual premium of auto insurance policies per household in Louisiana's most populous cities:
| $1,268 |
| $1,271 |
| $1,215 |
| $1,372 |
| $1,268 |
| $1,274 |
| $1,349 |
| $1,288 |
| $1,285 |
| $1,199 |
| $1,260 |
| $1,249 |
| $1,603 |
| $1,349 |
| $1,199 |
| $1,373 |
| $1,448 |
| $1,295 |
| $1,203 |
| $1,302 |
| $1,258 |
| $1,292 |
| $1,346 |
| $1,284 |
| $1,135 |
| $1,520 |
| $1,252 |
Data from S&P Global Market Intelligence
Best car insurance in Louisiana based on customer satisfaction
Customer satisfaction with car insurance providers may factor into your decision. Five elements make up customer satisfaction: billing process and policy information; claims; interaction; policy offerings; and price. According to a 2021 survey by J.D. Power, a consumer research company that surveys customers, these are the top car insurance companies in the Southeast region (which includes Louisiana):
Most popular car insurance companies in Louisiana based on market share
The following are the most popular car insurance companies in Louisiana, based on the percentage of insured Louisiana drivers who use them:
| 29.51 |
| 16.43 |
| 11.70 |
| 11.05 |
| 6.02 |
| 5.00 |
| 4.05 |
| 3.34 |
| 2.14 |
| 1.43 |
| 1.40 |
| 1.14 |
| 0.95 |
| 0.84 |
| 0.69 |
| 0.55 |
| 0.52 |
| 0.42 |
| 0.41 |
| 0.38 |
| 0.31 |
| 0.29 |
| 0.24 |
| 0.15 |
| 0.15 |
*USAA is only for active military, veterans, and their families.
Data from S&P Global Market Intelligence
Who gets the best cheap car insurance in Louisiana?
The person who gets the best car insurance rate in Louisiana will have an excellent credit score.
Another way to save is to shop around — every insurance company prices policies differently, and no two policies are the same. Prices vary greatly depending on whether you get liability, comprehensive, or collision coverage.
Consider the amount of coverage and the types of coverage listed on your quote. Remember, you're looking for the most coverage for your money. Don't forget to look at the deductible or the amount you'll pay out of pocket if you get into an accident.
Disclosure: This post may highlight financial products and services that can help you make smarter decisions with your money. We do not give investment advice or encourage you to adopt a certain investment strategy. What you decide to do with your money is up to you. If you take action based on one of our recommendations, we get a small share of the revenue from our commerce partners. This does not influence whether we feature a financial product or service. We operate independently from our advertising sales team. Read our editorial standards.
Business Insider may receive a commission from Media Alpha when you click on auto insurance quotes, but our reporting and recommendations are always independent and objective.
Via PakApNews