Finding the cheapest car insurance in Louisiana can help you stay within your budget, but it doesn’t have to mean compromising on coverage. The average cost of full coverage car insurance in Louisiana may be $2,724 per year — significantly higher than the national average of $1,674 and most expensive in the U.S. — but Bankrate found a number of companies that come in below this average. Southern Farm Bureau was the cheapest on our list for full coverage car insurance, with an average annual premium of $1,871, while Geico was the cheapest for minimum car insurance, with an average annual premium of $575 per year.
Minimum coverage car insurance is cheaper than full coverage because it offers less financial protection. As a result, minimum coverage car insurance may leave you and your family financially vulnerable in the event of an accident. For this reason, most insurance experts recommend purchasing full coverage insurance, which includes comprehensive and collision coverage, and can also be affordable when you choose the right carrier and cheapest car insurance company for your needs.
The cheapest car insurance companies in Louisiana
To determine the cheapest car insurance companies in Louisiana, Bankrate analyzed the latest premium data from Quadrant Information Services. From there, we assessed third-party financial strength and customer satisfaction data from AM Best and J.D. Power, respectively, to find the best car insurance companies in Louisiana.
The cheapest companies for minimum coverage in Louisiana
If you’re looking for cheap car insurance in Louisiana, you may be considering minimum coverage insurance. While minimum coverage may usually come with the cheapest rates, you’ll have to pay out of pocket if you’re involved in an accident that costs more than your policy covers, which could run thousands of dollars or more.
If you do decide to purchase minimum coverage insurance, Geico, Southern Farm Bureau, USAA, State Farm and Louisiana Farm Bureau are some of the cheapest car insurance companies for minimum coverage in Louisiana.
|Car insurance company||Average annual minimum coverage premium||Average monthly minimum coverage premium|
|Southern Farm Bureau||$607||$51|
|Louisiana Farm Bureau||$1,009||$84|
The cheapest companies for full coverage in Louisiana
Most car insurance experts recommend purchasing full coverage car insurance. Luckily for Louisiana drivers, it’s possible to find cheap car insurance companies for full coverage in the Pelican State. Southern Farm Bureau, USAA, Geico, Louisiana Farm Bureau and Safeway offer the cheapest rates for full coverage auto insurance in Louisiana, on average.
|Car insurance company||Average annual full coverage premium||Average monthly full coverage premium|
|Southern Farm Bureau||$1,871||$156|
|Louisiana Farm Bureau||$2,651||$221|
Events that can impact your cheap rates in Louisiana
Car insurance rates aren’t static. Below are some factors that could affect your rates in Louisiana:
- Adding a teen driver: If you add a young driver to your policy, your premium will likely increase. However, several car insurance providers offer competitive good student and distance student discounts that could save you money.
- Received a speeding ticket: In Louisiana, getting a speeding ticket increases your full coverage car insurance premium by an average of $793 per year and will typically result in a surcharge on your policy for three years. If you do have a speeding ticket on your mother vehicle record, you may want to look into usage-based telematics programs or safe driving courses. Some insurers will decrease your premium if you enroll and allow them to track your driving habits.
- Involved in an at-fault accident: If you cause an accident in Louisiana, your car insurance rates will generally be affected for five years with a surcharge added to your policy premium. To lower your rates during this time, you may want to look into relevant discounts.
- Deemed a high-risk driver: You may not be immediately deemed a high-risk driver after an incident. However, if you are deemed a high-risk driver after a DUI or another high-risk scenario like excessive speeding, keep in mind that not all standard providers offer high-risk car insurance. As a result, you may have to switch to a high-risk auto insurer due to eligibility restrictions, which could result in rates well above state averages.
Cheapest cities in Louisiana for minimum coverage
In most states, your ZIP code can have a significant effect on your insurance rates, since different ZIP codes may have a different cost of living, different risk profiles — such as theft, vandalism and accident frequency and severity — and different weather conditions. For this reason, if you move from one area of Louisiana to another, you may want to shop for insurance again to make sure you’re getting the best insurance rates at your new location. Following is a sampling of cheap auto insurance rates in some of Louisiana’s less populous communities:
|City||Average annual minimum coverage premium||Average monthly minimum coverage premium|
Cheapest cities in Louisiana for full coverage
Average full coverage premiums vary from city to city due to differing costs of living, car repair expenses, accident data and weather conditions. Below are the average full coverage premiums for various Louisiana cities.
|City||Average annual full coverage premium||Average monthly full coverage premium|
Minimum coverage requirements for Louisiana drivers
- $15,000 bodily injury liability per person
- $30,000 bodily injury liability per accident
- $25,000 property damage liability per accident
Minimum coverage car insurance generally has lower premiums, but you may spend more out of pocket in the long run. Drivers who lease or finance their vehicle will likely be required to have full coverage insurance, including comprehensive and collision coverage, so that the lienholder can ensure enough coverage is available to repair or replace the vehicle in the event of an accident. Louisiana also has a fairly high uninsured motorist rate (11.7%), according to the Insurance Information Institute (Triple-I), so you may want to consider adding uninsured/underinsured motorist coverage to your policy.
Regardless of the coverages you select, you can shop around to find cheap full coverage insurance.
Here is how to find (and keep) cheap car insurance in Louisiana
If you’re attempting to find and keep the cheapest car insurance in Louisiana, the following tips may help:
- Shop around: You may find it helpful to compare rates from multiple companies to determine which has the best rates for you. Reviewing the discounts available to you ahead of time can help you make sure that you’re taking advantage of the lowest rates available. Also consider the more than a dozen individual rating factors used to calculate your car insurance rates, such as your age, gender, credit-based insurance score, vehicle type, motor vehicle record (MVR), auto claims history, make and model of vehicle and ZIP code.
- Maintain clean driving records: Car insurance providers look for clean driving records as an indicator that you aren’t too risky to insure. This can also qualify you for discounts off your premium, such as a good driver discount. If you have some negative information on your MVR, you may be able to enroll in a usage-based telematics program or defensive driving course, which could help you get affordable rates on your policy by proving to your insurance provider that you have safe driving habits.
Frequently asked questions
What is the best car insurance company in Louisiana?
The best car insurance company in Louisiana varies for everyone based on their individual characteristics and preferences. If you’re looking for the lowest premium, you may want to get quotes from multiple car insurance companies, factor in relevant discounts and compare them. If you’re looking for the best customer satisfaction scores, you may want to spend extra time researching J.D. Power customer satisfaction scores and customer reviews. An independent or exclusive insurance agent may be able to help you find the best provider for you and your family.
How can I lower my car insurance rates in Louisiana?
If you’re looking to lower your car insurance rates in Louisiana, you may want to look into the discounts that apply to you. For instance, several car insurance carriers in Louisiana offer usage-based telematics programs that track your driving in real time and offer discounts for safe driving practices. Your car insurance company may also lower your car insurance premium if you complete a safe driving course. The best way to find out how to lower your premium is to talk with your insurance agent and shop around for multiple quotes to get the best possible rate in the most costly state for auto insurance in the U.S.
Does car insurance get cheaper as I get older?
On average, your car insurance premiums are highest when you’re young. This is because young drivers have less experience on the road compared to older drivers and could potentially make riskier decisions, leading to more frequent and severe accidents. As you age and gain more experience behind the wheel, your car insurance premiums will generally periodically decrease until around the age of 70, when your premiums will gradually increase again because of risk factors for senior drivers. Keep in mind that other factors, such as a speeding ticket or at-fault accident, could drive your premiums up no matter how old you are.
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 coverage that meets each state’s requirements. Our base profile drivers own a 2019 Toyota Camry, commute five days a week and drive 12,000 miles annually.
These are sample rates and should only be used for comparative purposes.