Cheapest car insurance in Louisiana for 2021

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Based on Bankrate’s extensive analysis, the cheapest car insurance in Louisiana for full coverage can be purchased from Southern Farm Bureau at only $1,871 per year, on average. The cheapest auto insurance in Louisiana for minimum coverage can be found at Geico for $575 per year, on average.

Minimum coverage car insurance is cheaper than full coverage because it offers less financial protection. As a result, minimum coverage car insurance can leave you financially vulnerable in the event of an accident. Most insurance experts recommend purchasing full coverage insurance, which can also be affordable when you choose the right carrier for your needs. Average full coverage insurance rates in Louisiana hover around $227 per month.

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. To make sure we present the best car insurance companies in Louisiana for your money, we analyzed third-party financial strength and customer satisfaction data from AM Best and J.D. Power, respectively.

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.

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
Geico $575 $48
Southern Farm Bureau $607 $51
USAA $757 $63
State Farm $830 $69
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, it’s possible to find cheap car insurance companies for full coverage in Louisiana. Southern Farm Bureau, USAA, Geico, Louisiana Farm Bureau and Safeway offer the cheapest rates for full coverage car insurance in Louisiana, on average.

Car insurance company Average annual full coverage premium Average monthly full coverage premium
Southern Farm Bureau $1,871 $156
USAA $2,035 $170
Geico $2,211 $184
Louisiana Farm Bureau $2,651 $221
Safeway $2,965 $247

Events that can impact your cheap 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. If you do have a speeding ticket on your record, you may want to look into telematics programs or safe driving courses. Some insurers will decrease your premium if you enroll.
  • Involved in an at-fault accident: If you cause an accident in Louisiana, your car insurance rates will generally be affected for five years. 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, keep in mind that not all providers offer high-risk car insurance. As a result, you may have to switch carriers due to eligibility restrictions.

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 and different weather conditions. For this reason, if you move within your state, you may want to shop for insurance again to make sure you’re getting the best insurance rates in Louisiana.

City Average annual minimum coverage premium Average monthly minimum coverage premium
Sarepta $660 $55
Shongaloo $666 $56
Springhill $668 $56
Cullen $668 $56

Cheapest cities in Louisiana for full coverage

Average full coverage premiums vary from city to city due to differing costs of living, car repair costs, traffic statistics 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
Sarepta $2,143 $179
Springhill $2,154 $180
Cullen $2,154 $180
Plain Dealing $2,159 $180

Minimum coverage requirements for Louisiana drivers

Driving without car insurance in Louisiana is illegal.

If you are interested in insuring your vehicle with only the coverage required in Louisiana, here are the state minimum requirements:

  • $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 so that the lienholder can ensure enough coverage is available to repair or replace the vehicle in the event of an accident.

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 be able to help.

To find the best cheap car insurance in Louisiana you may want to:

  • 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.
  • Work on your credit score: In all but five states, insurance providers may use your credit score to determine your car insurance rates. If you have bad credit, your insurance rates may be a lot higher. Although credit building can take time, you can help build yours by paying your bills on time, including debts like loans and credit cards.
  • Take advantage of discounts: 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.
  • Know what coverage limits are best for you: While most car insurance agents agree that it’s smarter to carry full coverage car insurance than minimum coverage, you may not want or need certain add-on coverage options, such as roadside assistance or rental car coverage.

To keep the best cheap car insurance in Louisiana you may want to:

  • Maintain clean driving records: Car insurance providers look for clean driving records as an indicator that you aren’t risky to insure. If possible, you’ll want everyone on your policy to maintain clean driving records. If you do get a strike on your driving record, you may be able to enroll in a telematics program or defensive driving course, which could help you get affordable rates on your premium by proving to your insurance provider that you have safe driving habits.
  • Be mindful of where you move: When it comes to car insurance, certain ZIP codes have more affordable rates than others since ZIP codes have different crash statistics, weather patterns, costs of living and more. Even if you move to a nearby ZIP code, your premium could change drastically.
  • Adjust coverage as your vehicle ages: Certain coverage options, such as gap coverage, may become unnecessary as your car ages and you continue to pay it off. Gap insurance pays the difference between what your new car is worth and what you owe on it in the event of an accident. If the car is paid off, you likely won’t require the added financial protection gap insurance offers.

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 company J.D. Power customer satisfaction scores and customer reviews. An independent insurance agent may be able to help you find the best provider for you.

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 telematics programs that track your driving in real time and offer discounts for safe driving practices. Your car insurance company may 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.

Does car insurance get cheaper as I get older?

On average, your car insurance premiums are highest when you’re young. As you age, your car insurance premiums will periodically decrease until around the age of 70, when your premiums will gradually increase again.

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 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.

Written by
Lizzie Nealon
Insurance Writer
Lizzie Nealon is an insurance writer for Bankrate. Her favorite part of the job is making home, auto and life insurance digestible for readers so they can prepare for the future.
Edited by
Insurance Editor