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Best cheap car insurance in Lafayette

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The average cost of car insurance in Louisiana is the highest of any state in the nation due, in large part, to a high rate of accident-related lawsuits. In turn, the average cost of car insurance in Lafayette is relatively high. The average cost of full coverage car insurance in Lafayette is $2,819 per year and $1,112 per year for minimum coverage. That’s even higher than the average cost of car insurance across the state of Louisiana, which is $975 for minimum coverage and $2,724 for full coverage. It’s also significantly higher than the national average cost of car insurance.

Fortunately, drivers may still be able to find best car insurance in Lafayette with lower than average rates. According to Bankrate’s 2021 study of quoted annual premiums, Geico offers the cheapest average price for car insurance in Lafayette. There are also a handful of other companies that offer lower rates and discounts to help drivers save money on their policies. To help you find the best cheap car insurance in Lafayette, Bankrate analyzed average rate data and other important factors to determine the best car insurance companies with the lowest rates.

Best cheap car insurance companies in Lafayette

Geico, USAA, State Farm, Progressive and Allstate offer some of the cheapest car insurance rates on average in Lafayette, according to our analysis of average rate data from Quadrant Information Services. But rates aren’t the only factors that matter when looking for the best car insurance companies in Lafayette. In addition to the rates, we also took into account other factors, such as affordability, accessibility, customer experience scores from J.D. Power and claim handling. We then awarded each company a Bankrate Score with a maximum of 5 points, which is based on these, and related, factors.

Because Lafayette has more expensive car insurance rates, it may seem practical to focus on the cost when comparing providers. However, it can be useful to compare other factors, such as add-on coverages, discounts and customer service reviews, to find the best car insurance in Louisiana. Drivers may find it useful to use the same metrics when weighing the cheapest car insurance in Louisiana.

Insurance company Bankrate Score J.D. Power score
(Southeast region)
Average annual premium for full coverage Average annual premium for minimum coverage
Geico 4.7 843/1,000 $2,069 $594
USAA* 5.0 890/1,000 $2,114 $844
State Farm 4.7 859/1,000 $3,174 $947
Progressive 4.4 828/1,000 $3,279 $1,229
Allstate 4.0 838/1,000 $3,327 $1,425

*Not officially ranked by J.D. Power due to eligibility restrictions

Geico

Geico offers the cheapest average car insurance rates in Lafayette for both full coverage and minimum coverage, and its average full coverage rate is nearly $800 lower per year than the citywide average. The company also offers a wide variety of discounts, with potential savings opportunities for military personnel, federal employees, good students, safe drivers and more. Keep in mind, though, that Geico only offers a handful of add-on coverages, which include roadside assistance, mechanical breakdown insurance and rental reimbursement coverage. If you need other types of optional coverage, like accident forgiveness or gap insurance, Geico may not meet your needs.

Learn more: Geico Insurance review

USAA

USAA is consistently rated highly by J.D. Power, and it offers affordable some of the cheapest rates on average for drivers in Lafayette who want full or minimum coverage car insurance. However, USAA membership is required to purchase auto insurance coverage, and membership is only available to active duty military, veterans and their qualifying family members. If you do qualify for USAA car insurance, though, you may be able to lower your rate even further with one of the discounts offered by this company. This includes discounts for garaging your vehicle on a military base, driving infrequently, being a safe driver, having a clean driving record and more.

Learn more: USAA Insurance review

State Farm

State Farm does not offer the cheapest average car insurance rates in Lafayette, but it still stands out for its numerous discounts and other features. Possible discounts with this company include savings for policy bundling, good students, students away at school, military personnel, being accident-free and more. State Farm may also be a good option for young drivers under 25, who are eligible to enroll in the Steer Clear program to try and earn a lower premium by demonstrating safe driving skills. Plus, it’s the only other provider in our roundup that was rated above average by J.D. Power for overall customer satisfaction.

Learn more: State Farm Insurance review

Progressive

Progressive’s average car insurance rates are not the lowest in Lafayette, but this company offers lots of discounts, including some unique savings opportunities for having continuous insurance, getting a quote online, adding a teen driver to your policy and being a homeowner.

Progressive also offers a number of online tools, like Name Your Price Tool, which can be used to build a customized policy within a specific budget. Drivers can also compare Progressive’s rates to competitor prices using the company’s quote comparison tool. However, Progressive’s add-on coverages are limited, so that could be an issue if you are looking for specific endorsements.

Learn more: Progressive Insurance review

Allstate

Allstate may not offer the cheapest average car insurance rates in Lafayette, but it offers a ton of different options for coverage for drivers who want to customize their policy with endorsements. With Allstate, drivers have the option of adding accident forgiveness, new car replacement, rental reimbursement coverage, custom parts coverage and a disappearing deductible coverage to their policies.

Learn more: Allstate Insurance review

How to get and keep the cheapest car insurance in Lafayette

Car insurance rates can fluctuate for a number of reasons, including changes to your driving record and credit score. Once you get cheap car insurance in Lafayette, you need to work to keep your rate low. Here are a few tips for finding and maintaining cheap car insurance in Lafayette.

  • Look for providers with discounts. Many car insurance companies offer drivers in Lafayette the opportunity to take advantage of discounts, which can lead to more affordable rates. However, the discounts and potential savings vary between providers. When comparing the options, it can be smart to look for companies that offer multiple discounts you may be able to take advantage of.
  • Prioritize a clean driving record. In most cases, individuals with clean driving records pay the lowest car insurance rates, because insurance companies consider them less risky to insure. To help keep your car insurance rate from increasing significantly, it’s smart to prioritize safe driving habits while avoiding tickets and accidents whenever possible.

Frequently asked questions

Methodology

Bankrate utilizes Quadrant Information Services to analyze 2022 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 2020 Toyota Camry, commute five days a week and drive 12,000 miles annually.

Individual city rates represent 2021 data and a 2019 Toyota Camry.

These are sample rates and should only be used for comparative purposes.

Bankrate Score

Bankrate Scores primarily reflect a weighted rank of industry-standard ratings for financial strength and customer experience in addition to analysis of quoted annual premiums from Quadrant Information Services, spanning all 50 states and Washington, D.C. We know it is important for drivers to be confident their financial protection covers the likeliest risks, is priced competitively and is provided by a financially-sound company with a history of positive customer support.

To determine how well the best car insurance companies satisfy these priorities, third-party agency ratings from J.D. Power, AM Best, S&P, NAIC, and Moodys had the most impact on the companies’ Bankrate Scores. As price is a common consideration for drivers, we analyzed quoted premiums based on 40-year-old male and female drivers with a 2019 Toyota Camry. This profile, assessed across more than 35,000 ZIP codes in the U.S., provided a basis on which drivers may compare each provider.

While coverage options, insurer availability, affordability and customer experience are often the top priorities, Bankrate also analyzed each insurer’s online and mobile resources for policy management and claims handling. Insurance is rapidly evolving to keep pace with our digital world, so these aspects also carried weight in determining Bankrate Scores.

Written by
Elizabeth Rivelli
Insurance Contributor
Elizabeth Rivelli is a contributing insurance writer for Bankrate and has years of experience writing for insurance domains such as The Simple Dollar, Coverage.com and NextAdvisor, among others
Edited by
Insurance Editor