Louisiana is the most expensive state for car insurance in the entire U.S., costing an average of $2,711 per year for full coverage. It’s a far cry from the average cost of car insurance for the country, which is just $1,738 per year.
In 2018 alone, Louisiana drivers overpaid by more than $1,150 on their car insurance policies. That is more than the average cost of car insurance in some states. That’s why it is so critical to take your time shopping for the best cheap car insurance companies in Louisiana. At Bankrate, we monitor the latest reviews, ratings and rankings to find the best cheap car insurance in Louisiana that provides the coverage you need for your family at a price that you can afford.
The cheapest car insurance in Louisiana
There are several choices for Louisiana auto insurance, but the price for your coverage can vary significantly, depending on which provider you choose and whether you opt for a minimum coverage or full coverage policy. The cheapest car insurance in Louisiana for 2021 comes from Geico, Southern Farm Bureau, USAA, State Farm and Louisiana Farm Bureau for the most affordable policies.
|Car Insurance Company||Average Annual Premium for Minimum Coverage||Average Annual Premium for Full Coverage|
|Southern Farm Bureau||$450||$1,874|
|Louisiana Farm Bureau||$799||$2,594|
Geico is not only great for cheap car insurance in Louisiana, but it is also fantastic for claims filing and support. There is excellent accessibility, so you don’t have to worry about a limited service area, and it boasts above-average scores for customer satisfaction. Opportunities for discounts include military, safety, good driver and student discounts.
Geico even supplies a helpful resource page for Louisiana drivers, so you know exactly what you need before you hit the road.
Southern Farm Bureau
To benefit from Southern Farm Bureau car insurance, you must be a member of your local Farm Bureau, but membership dues only range from $30 to $70 each year, making it well worth it for the cheap insurance costs. With an A+ rating from A.M. Best for financial stability, Southern Farm Bureau is available in six Southern states, including Arkansas, Colorado, Florida, Louisiana, Mississippi and South Carolina, with local agents to help with all of your auto insurance needs.
Southern Farm Bureau also offers special local insurance that’s available for Louisiana only, including rental car coverage, roadside assistance and personal umbrella coverage.
Headquartered in nearby San Antonio, Texas, USAA is a car insurance provider that is consistently top-rated for customer service and satisfaction with top ratings from J.D. Power. It is also known for some of the cheapest insurance rates in the U.S., with an excellent variety of insurance options.
USAA offers easy mobile tools and great resources for its members, but it is limited in its availability with few branches. It also is an insurance provider only for the military and veterans, as well as their families, with exclusive discounts specifically designed for its customers, such as savings for military base storage and deployment.
State Farm consistently wins awards for its excellent mobile tools, making it easy to file claims and track them. There is excellent customer support available, as proven by its high customer ratings, and it receives an A++ rating from A.M. Best for financial stability.
State Farm’s cheap car insurance in Louisiana includes options for rental car coverage, travel expenses, roadside assistance and rideshare driver coverage. There are a ton of discounts, too, to take the sting out of those higher Louisiana rates, such as multi-policy, claims-free, safe driving and student discounts.
Louisiana Farm Bureau
Louisiana Farm Bureau is best for accessibility, bringing a local agent to your doorstep with a neighborhood Farm Bureau location to service each Louisiana parish. You must be a member of a cooperating Farm Bureau organization, which requires an affordable annual membership.
The options for coverage are great, with additional insurance for personal injury protection (PIP), medical payments, uninsured/underinsured motorist coverage and roadside assistance. You can still benefit from the typical Louisiana car insurance discounts like safe driver, good student and claims-free discounts,
Affordable coverage for Louisiana drivers
Like most states, Louisiana requires that you carry a minimum amount of car insurance, which includes liability insurance.
The minimum insurance coverage for Louisiana includes the following:
- $15,000 bodily injury liability per person
- $30,000 bodily injury liability per accident
- $25,000 property damage liability per accident
You also have the option to purchase or reject the following state-recommended coverage:
- $1,000 medical payments
- $15,000 uninsured motorist bodily injury per person
- $30,000 uninsured motorist bodily injury per accident
While this is the minimum insurance required by the state, it is always a good idea to purchase additional insurance coverage to reduce your out-of-pocket expenses after an accident. This is because the minimum required insurance for the state often does not cover the full expenses of an accident, meaning that you’d be required to pay the rest of the costs yourself if you’re found to be at-fault.
How to get cheap car insurance in Louisiana
While car insurance is expensive for Louisiana drivers, there are a few tips you can use to lower your total insurance premiums.
The best cheap car insurance providers in Louisiana may vary, depending on things like the kind of car insurance that you need and the type of vehicle that you drive. Because of this, you’re going to want to compare rates from multiple companies to determine which has the best rates for you. Additionally, you’ll want to review discounts that are available to you to make sure that you’re taking advantage of the lowest rates you can get.
Work on your credit score.
In all but four states, insurance providers may use your credit score to determine your car insurance rates. For example, car insurance for drivers with bad credit is likely to be much more expensive than car insurance for drivers with great credit. So for this, work on lowering your credit score to decrease your premiums.
Increase your deductible.
Your car insurance deductible determines how much you have to pay out of pocket when you are in an accident. Your insurance company may require you to pay a significant sum upfront before your insurance coverage kicks in to pay for the rest of the damages. One way to lower your car insurance premium is to raise your deductible, but just be prepared to pay a higher upfront sum if the unthinkable occurs.
Many insurance companies offer loyalty discounts when you maintain more than one active insurance policy. To save extra money on your car insurance, consider adding your homeowners insurance, renters insurance and life insurance to the same provider for even more savings.
Take advantage of discounts.
There are many other ways to save on your car insurance, too. Consider common discounts like safe driver or student driver discounts. If you have a good credit history or a claims-free history, you could be eligible for extra savings. Many car insurance providers also offer exclusive discounts for military members and low mileage drivers. Be sure to take advantage of the best auto insurance discounts wherever you can so you can save extra money on your policy.
Frequently asked questions
What is the best car insurance in Louisiana?
The best car insurance for you depends on a variety of factors, including the car you drive, your accidents history and how much you’re willing to pay. We regularly update our expert analysis to feature the latest company rankings, reviews and offerings for each auto insurance provider. The best car insurance in Louisiana is provided by Alfa, Auto-Owners, Erie, Geico and USAA.
What is the average cost of car insurance in the U.S.?
The Insurance Information Institute reports that in 2017, the average expenditure for auto insurance was highest in Louisiana, costing $1,443.72 for the year. Louisiana is by far the most expensive state for car insurance in the United States, based on reporting by the National Association of Insurance Commissioners (NAIC).
What factors impact the cost of my Louisiana car insurance?
The cost of car insurance is different for everyone because it is based on several unique factors. Insurance providers will evaluate risk based on where you live, the kind of car you drive, your driving history, your credit score and how many claims you have filed in the past. Not all providers weigh each factor the same, however, which is why it is so important to shop around to make sure you receive the best deal.
Bankrate utilizes Quadrant Information Services to analyze 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 cleaning 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 sample drivers own a 2018 Honda Accord, commute five days a week and drive 12,000 miles annually.
These are sample rates and should be used for comparative purposes only. Your quotes may be different.