Average car insurance rates in Louisiana are higher than anywhere in the country due to the number of accident-related lawsuits. The average cost of car insurance in Louisiana is $975 for basic coverage and $2,724 for full car insurance, which breaks down to roughly $80 or $227 per month.
Finding ways to save on expensive Louisiana auto insurance rates could significantly help you keep your budget intact. Bankrate’s findings on how Louisiana car insurance rates vary based on certain factors could shed light on what to look for — and avoid — when shopping for vehicle coverage.
How much is car insurance cost in Louisiana?
U.S. drivers pay an annual average of $565 for minimum coverage and $1,674 for full insurance. Average car insurance rates in Louisiana are nearly double that amount. Although the figures seem discouraging, they are average. Louisiana auto insurance rates can change based on age, carrier, driving record and level of coverage. Bankrate’s study found coverage with select carriers for far lower than the average.
Louisiana car insurance rates by company
Based on our findings, some of Louisiana’s cheapest car insurance companies are Geico and Southern Farm Bureau. Rates from Geico are $575 for minimum coverage and $2,211 for full, while Southern Farm Bureau’s average premiums are $607 and $1,871, respectively. Make it a habit to get quotes from a handful of top insurance providers annually. You may find it worth your while to switch car insurance companies to take advantage of lower rates.
| Car insurance company | Average annual premium for minimum coverage | Average annual premium for full coverage |
|---|---|---|
| AAA | $1,336 | $4,197 |
| Allstate | $1,324 | $3,341 |
| Geico | $575 | $2,211 |
| Louisiana Farm Bureau | $1,009 | $2,651 |
| MetLife | $1,614 | $3,161 |
| Progressive | $1,067 | $3,099 |
| Safeway | $1,216 | $2,965 |
| Southern Farm Bureau | $607 | $1,871 |
| State Farm | $830 | $3,119 |
| USAA | $757 | $2,035 |
Louisiana car insurance rates by city
Rates in Louisiana can be higher or lower than average based on your city. New Orleans has the highest cost of vehicle insurance in the state, with premiums averaging 55 percent more than the state average. Here is how the top 20 cities based on population compare:
| City | Average annual premium for full coverage | % increase in average annual premium |
|---|---|---|
| New Orleans | $4,234 | 55% |
| Baton Rouge | $3,091 | 13% |
| Shreveport | $2,436 | -11% |
| Lafayette | $2,819 | 3% |
| Metairie | $3,271 | 20% |
| Lake Charles | $2,803 | 3% |
| Monroe | $2,672 | -2% |
| Slidell | $2,772 | 2% |
| Bossier City | $2,214 | -19% |
| Denham Springs | $3,013 | 11% |
| Kenner | $3,339 | 23% |
| New Iberia | $2,683 | -2% |
| Alexandria | $2,889 | 6% |
| Houma | $2,636 | -3% |
| Covington | $2,592 | -5% |
| Mandeville | $2,560 | -6% |
| Hammond | $2,830 | 4% |
| Gonzales | $2,946 | 8% |
| Marrero | $3,727 | 37% |
| Prairieville | $2,950 | 8% |
Louisiana car insurance rates by age
Insurance companies classify younger drivers as higher-risk due to their inexperience behind the wheel. Motor vehicle crashes are the leading cause of death of teens. As a result, young adults are likely to pay significantly more than a 30- or 40-year-old driver.
| Age | Average annual premium in Louisiana |
|---|---|
| Age 16* | $4,333 |
| Age 18 | $8,300 |
| Age 20 | $5,922 |
| Age 25 | $3,426 |
| Age 30 | $3,007 |
| Age 40 | $2,724 |
| Age 50 | $2,609 |
| Age 60 | $2,600 |
| Age 70 | $2,816 |
*16 year old calculated on parent’s policy disclosure
Louisiana car insurance rates by driving record
Teens and young drivers typically pay more for car insurance because their lack of experience may lead to more traffic accidents, which are expensive for insurance companies. Drivers of any age cited for speeding or driving under the influence or responsible for an accident are also considered higher-risk. Just a single speeding ticket could raise your premiums by nearly 20 percent, and a DUI could cost you 50 percent more. Considering that Louisiana auto insurance rates are already high, these increases could break your budget.
| Driving incident | Average annual full coverage premium in Louisiana | % increase in average annual premium |
|---|---|---|
| Speeding ticket | $3,341 | 18% |
| Accident | $3,802 | 28% |
| DUI | $5,425 | 50% |
How to save on car insurance in Louisiana
To make the most significant impact on high insurance premiums, look for discounts from your carrier. Some of the more common savings available include:
- Bundling: Buying car and home or rental insurance together can earn you a significant discount from most carriers, sometimes as much as 25 percent
- Telematics: Allowing your insurance company to track your driving electronically could save you significantly on your car insurance. All you need to do is download an app and drive safely. Your insurance carrier will discount your premiums based on good (and safe) driving habits.
- Keeping up your grades: Younger drivers still in school or college could qualify for a good student discount if they have good grades.
Frequently asked questions
How much is car insurance in Louisiana?
The average cost of car insurance in Louisiana is $975 for minimum coverage and $2,724 for full, making Louisiana one of the most expensive states for vehicle insurance in the country.
How can I save on car insurance?
To find the lowest rates, start by comparing car insurance companies and collecting quotes from a few. Also, take advantage of discounts that could lower your premiums, such as safety equipment, airbags, good driver and good student discounts.
What is the cheapest car insurance in Louisiana?
Bankrate found that Geico offers some of Louisiana’s cheapest minimum insurance coverage at $575 per year. Southern Farm Bureau offered some of the most affordable rates for full car insurance at $1,871 annually. However, these rates are simply averages, so it is a good idea to shop around and get quotes for your unique circumstances.
Methodology
Bankrate utilizes Quadrant Information Services to analyze 2021 rates for all ZIP codes and carriers in all 50 states and Washington, D.C. Quoted rates are based on a 40-year-old male and female driver with a clean driving record, good credit and the following full coverage limits:
- $100,000 bodily injury liability per person
- $300,000 bodily injury liability per accident
- $50,000 property damage liability per accident
- $100,000 uninsured motorist bodily injury per person
- $300,000 uninsured motorist bodily injury per accident
- $500 collision deductible
- $500 comprehensive deductible
To determine minimum coverage limits, Bankrate used minimum coverages that meet each state’s requirements. Our base profile drivers own a 2019 Toyota Camry, commute five days a week and drive 12,000 miles annually.
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