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Average cost of car insurance in Louisiana for 2023
Louisiana car insurance costs an average of $2,909 per year for full coverage and $805 per year for minimum coverage.
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What To Know First
Louisiana drivers pay, on average, $2,909 per year for full coverage car insurance and $805 per year for minimum coverage car insurance. While price isn’t everything — something that Bankrate’s insurance editorial team knows well, with our three licensed agents and nearly 50 years of combined industry experience — in a state that has higher-than-average rates, it can be helpful to understand a baseline for what you might expect to pay. Here are some things to keep in mind about the average cost of car insurance in Louisiana:
- The average cost of full coverage in Louisiana, $2,909 per year, is 44 percent higher than the national average of $2,014 per year.
- Drivers in New Orleans, the state’s most populated city, pay an average of $3,236 per year for full coverage.
- 18-year-old male drivers added to their married parents’ full coverage policy have an average premium of $9,595 per year, or about $800 per month.
- An at-fault accident increases your full coverage car insurance premium in Louisiana by about 38 percent.
- Of the vehicle models we analyzed, Ford F-150s were the cheapest vehicle to insure in Louisiana, costing an average of $2,577 per year for full coverage.
On This Page
- How much is car insurance in Louisiana?
- Louisiana car insurance rates by city
- Average car insurance costs by age and gender in Louisiana
- How does driving record impact the cost of car insurance in Louisiana?
- Car insurance rates in Louisiana by credit score
- Louisiana car insurance rates by vehicle type
- How to save on car insurance in Louisiana
- Estimate your car insurance cost
- Frequently asked questions
How much is car insurance in Louisiana?
The average cost of car insurance in Louisiana is $2,909 per year for full coverage and $805 per year for minimum coverage. Auto policies are more expensive in Louisiana than they are in the U.S. as a whole, where full coverage averages $2,014 per year and minimum coverage averages $622 per year.
Average minimum coverage premium in Louisiana | Average annual full coverage premium in Louisiana |
---|---|
$805 | $2,909 |
Louisiana car insurance rates by city
Car insurance rates in Louisiana can be higher or lower than average based on your city. Larger metropolitan areas like New Orleans may have more vehicles on the road (which makes accidents more likely) and have higher costs of living (which makes claims more expensive) are likely to have higher rates than less densely populated cities. Here are the five most populated cities in Louisiana and average annual rates in each:
Louisiana city | Average annual full coverage premium | Percentage difference from Louisiana average annual full coverage premium |
---|---|---|
Baton Rouge | $3,117 | 7% |
Lafayette | $2,786 | -4% |
Lake Charles | $2,833 | -3% |
Metairie | $3,247 | 12% |
New Orleans | $3,236 | 11% |
Average car insurance costs by age and gender in Louisiana
It’s likely no surprise that Louisiana car insurance rates vary by age, especially for younger drivers. Younger drivers pay among the highest rates, even when added to their parents’ policy, due to their inexperience and the increased likelihood of an accident. Males also tend to pay higher rates than females; men are statistically riskier drivers than women. Rates can creep up again for seniors as well, although they generally aren’t as high as teen rates, as long as the driver has a clean driving record.
Age | Average monthly full coverage premium in Louisiana | Average annual full coverage premium in Louisiana |
---|---|---|
Age 16* | $569 | $6,823 |
Age 18 | $800 | $9,595 |
Age 20 | $554 | $6,649 |
Age 25 | $311 | $3,734 |
Age 30 | $254 | $3,053 |
Age 40 | $244 | $2,923 |
Age 50 | $225 | $2,698 |
Age 60 | $224 | $2,685 |
Age 70 | $245 | $2,943 |
*16-year-old calculated on parents' policy with discounts applied; 18- and 20-year-old are renters on their own policies with no discounts applied.
Age | Average monthly full coverage premium in Louisiana | Average annual full coverage premium in Louisiana |
---|---|---|
Age 16* | $513 | $6,150 |
Age 18 | $693 | $8,317 |
Age 20 | $472 | $5,659 |
Age 25 | $288 | $3,453 |
Age 30 | $250 | $2,999 |
Age 40 | $241 | $2,895 |
Age 50 | $226 | $2,711 |
Age 60 | $223 | $2,674 |
Age 70 | $242 | $2,902 |
*16-year-old calculated on parents' policy with discounts applied; 18- and 20-year-old are renters on their own policies with no discounts applied.
Cost considerations for young drivers in Louisiana
If you are a younger driver with your own car insurance policy, the average car insurance cost in Louisiana is even higher than if you were added to your parents’ policy. 18-year-olds on their own policy pay a staggering $8,956 per year on average for a full coverage policy, but rates do decrease as drivers get older and gain more experience.
Age | Average annual full coverage premium for drivers on their parents' policy in Louisiana | Average annual full coverage premium for drivers on their own policy in Louisiana |
---|---|---|
Age 16 | $6,486 | N/A* |
Age 17 | $6,044 | N/A* |
Age 18 | $5,409 | $8,956 |
Age 19 | $4,759 | $6,812 |
Age 20 | $4,443 | $6,154 |
*16- and 17-year-old drivers must be on their parents’ or legal guardian’s policy.
How does driving record impact the cost of car insurance in Louisiana?
Drivers of any age cited for speeding or driving under the influence, or who are responsible for an accident, are considered higher-risk than drivers with a clean driving record. Just a single speeding ticket could raise your premiums by over 20 percent in Louisiana, and a DUI conviction could cost you 93 percent more than if you had no incidents on your record. Considering that Louisiana auto insurance rates are already high, these increases could put a strain on your budget.
Driving incident | Average annual full coverage premium in Louisiana | Percentage increase in average annual premium |
---|---|---|
Clean driving record | $2,909 | 0% |
Speeding ticket | $3,535 | 22% |
Accident | $4,025 | 38% |
DUI | $5,604 | 93% |
Car insurance rates in Louisiana by credit score
It may surprise you to learn that your credit rating can affect your car insurance premiums, but it’s true in most states, including Louisiana, where car insurers are allowed to use your credit-based insurance score to calculate your premium. Car insurance for drivers with poor credit tends to be more expensive, because those with lower credit scores are more likely to file claims. How much is car insurance in Louisiana if you have poor credit? Drivers in this category pay 90 percent more than the state average for full coverage and 124 percent more than drivers with excellent credit.
Credit tier | Average annual full coverage premium in Louisiana | Percentage difference from average annual premium |
---|---|---|
Poor | $5,532 | 90% |
Average | $3,200 | 10% |
Good | $2,909 | 0% |
Excellent | $2,470 | -15% |
Louisiana car insurance rates by vehicle type
Finally, we analyzed Louisiana car insurance rates by vehicle make and model. Vehicles that cost less to repair and replace generally have lower rates. Other aspects of a vehicle’s make and model can affect premiums as well, including safety features and the statistical likelihood of an accident, which may explain why sports cars generally cost more to insure.
Vehicle | Average annual full coverage premium in Louisiana |
---|---|
Toyota Camry | $2,909 |
Ford F-150 | $2,577 |
Honda Odyssey | $2,578 |
BMW 330i | $3,455 |
Toyota Prius | $2,800 |
How to save on car insurance in Louisiana
If you need (or just want) to lower your car insurance premium, you might want to take these steps:
- Shop around: Car insurance companies offer different rates for the same coverage, so you might find a lower-priced policy with another company.
- Drive safely: Driving incidents are one of the biggest drivers of premium increases. Safe driving can help you avoid these costly surcharges.
- Bundle your policies: Buying car and home insurance together from the same company might lower your premium on both policies by a significant amount.
- Sign up for telematics: Allowing your insurance company to track your driving with a telematics program could save you significantly on your car insurance.
- Keep up your grades: Younger drivers still in school or college could qualify for a good student discount if they have good grades.
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