Best cheap car insurance in Lafayette

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Drivers in Lafayette pay an annual average of $1,112 for minimum coverage car insurance and $2,819 for full coverage car insurance, which is significantly more than both the state and national average. However, insurance companies have a valid reason for charging more.

With over 3,357,091 licensed drivers on the road, both collision frequency and fatal crashes are significantly higher than the national average. As of 2018, Louisiana had 16.5 vehicle related deaths per 100,000 people, and when you also take into account that 13% of drivers are uninsured in Louisiana, you begin to see why rates might be so much higher. Though these are state numbers, Lafayette is one of the most populated cities in Louisiana meaning it contributes to the problem.

However, all drivers deserve the best, which is why we did an in-depth study to find the best cheap car insurance in Lafayette.

Best car insurance companies in Lafayette

To find the best car insurance in Lafayette, we considered a number of factors including J.D. Power scores for customer support, AM Best scores for financial strength, average price of premiums, available discounts and coverage options. Here are our top five providers.

Insurance company J.D. Power score Average annual premium for minimum coverage Average annual premium for full coverage
Allstate 846 / 1,000 $1,425 $3,327
Geico 857 / 1,000 $594 $2,069
Progressive 848 / 1,000 $1,229 $3,279
State Farm 835 / 1,000 $947 $3,174
USAA 909 / 1,000 $844 $2,114

Allstate

Allstate has some great coverage options that set it apart from its competitors, including sound system insurance and rideshare insurance. In terms of discounts, Allstate has your standard array of ways to save, but it really goes the extra mile when it comes to young drivers. For example, you can save on your premium if you have to garage your car while away at school, if you maintain a B average (for either high school or college) or if you complete the teenSMART driver education program.

Geico

Geico is the cheapest on our list and, apart from USAA, received the strongest scores from J.D. Power. Geico offers many coverage options and discounts – including many unique discounts that you may struggle to find elsewhere. Geico offers discounts for everything from seat belt use to good student discounts to customer loyalty programs. And the best part? A lot of them may allow you to save up to 25%.

Progressive

Progressive has a solid smartphone app, which you can use to do just about anything you want. You can file a claim, check the status of a claim, pay a bill, make changes to your account and request roadside assistance all from within the app. Progressive also offers the Snapshot discount. Snapshot analyzes your driving behavior and if Progressive likes what it sees you’ll save on your premium. The average amount drivers save with Snapshot is $145.

State Farm

State Farm is the largest auto insurer in the United States. It’s quite easy for anyone to qualify for multiple discounts with State Farm without even doing anything extra. Like Progressive, it also offers a driver behavior discount, which uses your smartphone to analyze your driving habits. The savings can be quite significant, so if you know you’re a safe driver you should definitely check it out.

USAA

USAA is a unique provider in that it only insures either current or past military, as well as their immediate family members. We put it on our list because it consistently scores as the top provider for customer service with J.D. Power (only to be disqualified from the rankings because of its eligibility requirements). No, you won’t find too many discounts with USAA, but it offers common ones that many people can take advantage of.

Cheapest car insurance in Lafayette

Compared to average annual rates for minimum and full coverage in the rest of the state and the country, Lafayette is more expensive for car insurance. Here’s how it compares:

Type of coverage Lafayette average Louisiana average U.S. average
Average annual premium for minimum coverage $1,112 $975 $565
Average annual premium for full coverage $2,819 $2,724 $1,674

Finding the best car insurance at the best price is a must for everyone living and driving in Lafayette. The following table compares the cheapest car insurance rates from the most popular carriers based on market share.

Insurance company Average annual premium for minimum coverage Average annual premium for full coverage
Geico $594 $2,069
USAA $844 $2,114
State Farm $947 $3,174
Progressive $1,229 $3,279
Allstate $1,425 $3,327

If you noticed a similarity between this list and the list above, there’s a good reason for that. Lafayette is quite fortunate in that the cheapest insurance companies happen to also be excellent providers. The differences? Besides average costs, there aren’t that many. All companies are up to date with smartphone apps, are financially strong and have received strong feedback from J.D. Power for their customer service.

Discount opportunities, however, do differ a little bit among them. USAA, for example, only offers a small handful of discounts, while the other four offer pretty sizable lists. Drivers may be able to significantly save on their premiums by taking advantage of each company’s available discounts.

Lafayette insurance requirements

By law, drivers in Lafayette must have a 15/30/25 policy:

  • $15,000 per person for bodily injury
  • $30,000 per accident for bodily injury
  • $25,000 per accident for property damage

While shopping for insurance, however, it might be worth considering purchasing a policy that comes with more protection. This is because any amount not covered by your policy must be paid for by you out of pocket. Medical costs can quickly escalate beyond $30,000 if you’re in a bad accident, and many new cars cost well over $25,000.

Additionally, if you plan on financing or leasing your new car, your lender may require you to have full coverage.

Car insurance discounts in Lafayette

Finding the cheapest car insurance in Lafayette often involves finding the best provider offering the best discounts. The following discounts, however, may come with big savings no matter which company you choose:

  • Multi-car
  • Multi-policy
  • Anti-theft
  • Defensive driving course
  • Good student

Both multi-car and multi-policy discounts fall under the ‘customer loyalty’ umbrella and the savings you get for sticking with the same company may be significant. For example, Geico offers a 25% discount for using them for all of your insurance needs.

Have a student still in high school or attending a college such as LSU? If they are able to maintain a specific GPA, all of their hard work may get you a discount as high as 25%. You, too, may be able to use this discount as long as you are 25 or under.

Frequently asked questions

What is the best car insurance company?

Though there are many ways to answer this question (best for financial strength, best for discounts, best for coverage options, etc.), the truth is that it depends on your individual needs and what you’re specifically looking for. For a more in-depth dive on the best insurance companies on the market, please read our Best Car Insurance Companies page.

How much does car insurance in Lafayette cost?

The average annual amount drivers pay in Lafayette for car insurance is $2,819 for full coverage and $1,112 for basic. However, with the right provider and discounts you may be able to secure a cheaper price.

How much car insurance do I need in Lafayette?

Louisiana state law requires that all Lafayette drivers have a 15/30/25 policy. Written out, this means that the minimum amount of liability each driver must have is:

  • $15,000 per person for bodily injury
  • $30,000 per accident for bodily injury
  • $25,000 per accident for property damage

However, when shopping for car insurance quotes in Lafayette, be sure to compare full and basic coverage prices. When it comes to car insurance, you should always purchase as much insurance as you can comfortably afford.

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 coverages that meet 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
Lauren Ward
Insurance Contributor
Lauren Ward has nearly 10 years of experience in writing for insurance domains such as Bankrate, The Simple Dollar, and Reviews.com. She covers auto, homeowners, and life insurance, as well other topics in the personal finance industry.