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Best car insurance in Louisiana for 2024

Updated May 01, 2024
USAA, Geico and State Farm are among the top companies for car insurance in LA, according to Bankrate’s research.
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Coverage.com, LLC is a licensed insurance producer (NPN: 19966249). Coverage.com services are only available in states where it is licensed. Coverage.com may not offer insurance coverage in all states or scenarios. All insurance products are governed by the terms in the applicable insurance policy, and all related decisions (such as approval for coverage, premiums, commissions and fees) and policy obligations are the sole responsibility of the underwriting insurer. The information on this site does not modify any insurance policy terms in any way.

Best car insurance companies in Louisiana

Our extensive research found Geico, USAA, State Farm, Progressive and Allstate to be among the best car insurance companies in Louisiana. To make those determinations, we analyzed average annual car insurance premiums from Quadrant Information Services, reviewed customer satisfaction scores from the 2023 J.D. Power U.S. Auto Insurance Study and factored in AM Best financial strength ratings.

Geico, USAA and State Farm’s annual premiums fall below Louisiana’s average for full coverage ($3,623 per year). The same companies, plus Allstate, have average premiums below the state’s average ($961) for minimum coverage, as well.

Insurance company
Bankrate Score
Info
Average full coverage rate Average min coverage rate
4.4
Rating: 4.4 stars out of 5
$2,928
$512
4.2
Rating: 4.2 stars out of 5
$3,080
$783
4.3
Rating: 4.3 stars out of 5
$5,070
$1,002
4.4
Rating: 4.4 stars out of 5
$3,273
$635
3.9
Rating: 3.9 stars out of 5
$6,677
$1,319

Geico

Geico

4.4

Rating: 4.4 stars out of 5

Avg. full coverage premium

$244/mo

Avg. full coverage premium

$2,928/yr

Customer satisfaction

828/1,000

USAA

USAA

4.2

Rating: 4.2 stars out of 5

Avg. full coverage premium

$257/mo

Avg. full coverage premium

$3,080/yr

Customer satisfaction

876/1,000

State Farm

State Farm

4.3

Rating: 4.3 stars out of 5

Avg. full coverage premium

$423/mo

Avg. full coverage premium

$5,070/yr

Customer satisfaction

847/1,000

Progressive

Progressive

4.4

Rating: 4.4 stars out of 5

Avg. full coverage premium

$273/mo

Avg. full coverage premium

$3,273/yr

Customer satisfaction

836/1,000

Allstate

Allstate

3.9

Rating: 3.9 stars out of 5

Avg. full coverage premium

$556/mo

Avg. full coverage premium

$6,677/yr

Customer satisfaction

832/1,000

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How Bankrate chose the best car insurance companies in Louisiana

Bankrate’s insurance editorial team reviewed the largest Louisiana car insurance companies by market share. We first analyzed average quoted premiums obtained from Quadrant Information Services and then extensively reviewed each company’s coverages, discounts, policy features and third-party financial rankings from AM Best and S&P. We also looked at customer satisfaction scores from third-party rating agency J.D. Power.

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Why you can trust Bankrate

Read our full methodology

To help Louisiana drivers find the best car insurance, Bankrate’s insurance editorial team reviewed some of the largest insurers by market share. We based our picks on a well-rounded analysis of several metrics related to each company.

46

years of industry expertise

122

carriers reviewed

34.5K

ZIP codes examined

1.2M

quotes analyzed

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Advertising disclosure
This advertisement is powered by Coverage.com, LLC, a licensed insurance producer (NPN: 19966249) and a corporate affiliate of Bankrate. The offers and links that appear on this advertisement are from companies that compensate Coverage.com in different ways. The compensation received and other factors, such as your location, may impact what offers and links appear, and how, where and in what order they appear. While we seek to provide a wide range of offers, we do not include every product or service that may be available. Our goal is to keep information accurate and timely, but some information may not be current. Your actual offer from an advertiser may be different from the offer on this advertisement. All offers are subject to additional terms and conditions.

Coverage.com, LLC is a licensed insurance producer (NPN: 19966249). Coverage.com services are only available in states where it is licensed. Coverage.com may not offer insurance coverage in all states or scenarios. All insurance products are governed by the terms in the applicable insurance policy, and all related decisions (such as approval for coverage, premiums, commissions and fees) and policy obligations are the sole responsibility of the underwriting insurer. The information on this site does not modify any insurance policy terms in any way.

How to find the best car insurance in Louisiana

The best car insurance in Louisiana will depend on your individual needs and preferences. It can be helpful to be aware of requirements from your state and lender. Then, you may want to factor in individual preferences such as whether or not you’ll want roadside service. Finally, to find the best auto insurance in Louisiana, you may want to get car insurance quotes and compare car insurance discounts from the top providers to help keep your insurance costs in line with your budget.

Related content:

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Advertising disclosure
This advertisement is powered by Coverage.com, LLC, a licensed insurance producer (NPN: 19966249) and a corporate affiliate of Bankrate. The offers and links that appear on this advertisement are from companies that compensate Coverage.com in different ways. The compensation received and other factors, such as your location, may impact what offers and links appear, and how, where and in what order they appear. While we seek to provide a wide range of offers, we do not include every product or service that may be available. Our goal is to keep information accurate and timely, but some information may not be current. Your actual offer from an advertiser may be different from the offer on this advertisement. All offers are subject to additional terms and conditions.

Coverage.com, LLC is a licensed insurance producer (NPN: 19966249). Coverage.com services are only available in states where it is licensed. Coverage.com may not offer insurance coverage in all states or scenarios. All insurance products are governed by the terms in the applicable insurance policy, and all related decisions (such as approval for coverage, premiums, commissions and fees) and policy obligations are the sole responsibility of the underwriting insurer. The information on this site does not modify any insurance policy terms in any way.

How much is car insurance in Louisiana?

The average cost of car insurance in Louisiana is $3,623 per year on average for full coverage, much more than the national average of $2,299 per year. The cost of car insurance in Louisiana is much higher than in surrounding states. For instance, the average cost of car insurance in Mississippi is $2,133 per year for full coverage, and the average cost of car insurance in Texas is $2,445 per year for full coverage.

The high cost of coverage in Louisiana could be due to the economic strain that auto accidents put on Louisiana’s economy. Other possible reasons for the high cost could be the cost of parts and labor during repairs, the cost of medical care from resulting injuries, the state’s frequent natural disasters and the likelihood of getting into an auto accident in the state.

City Avg. annual full coverage premium Avg. savings vs. state average

Estimate your car insurance cost in Louisiana

A lot of factors go into setting your car insurance premium, which can make it hard to create a budget. To help you get an idea of how much you might spend on car insurance in Louisiana, enter some basic information into the following Bankrate calculator. Keep in mind that this is an estimate of what you might pay.

Calculate your monthly car insurance payment

Get a quick estimate to make sure you're not overpaying.

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Why we're asking
Methodology

News

News that affects Louisiana car owners

In August 2023, State Farm approved insurance rate hikes for Louisiana drivers. The company cited inflation, labor costs and more expensive parts as the reason for the hike. Drivers would be expected to pay 17.3 percent more for coverage. Although this was just State Farm, drivers throughout the state already pay some of the highest rates in the country.

Frequently asked questions

Methodology

Bankrate utilizes Quadrant Information Services to analyze the latest rates in May 2024 for ZIP codes and carriers in all 50 states and Washington, D.C. Rates include the most recent approved rate changes filed by insurance companies that affect our profile. These revised rates are then weighted based on the population density in each geographic region so that policyholders can see the impact rates have in their areas. 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 2022 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.

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46
years of industry expertise
Search
122
carriers reviewed
Location
34.5K
ZIP codes examined
Dollar Coin
1.2M
quotes analyzed
Written by
TJ Porter
Contributor, Personal Finance

TJ Porter is a contributing writer for Bankrate with eight years of experience writing about finance.  TJ writes about a range of subjects, from budgeting tips to bank account reviews.

Edited by Editor, Insurance
Reviewed by Senior wealth advisor at Versant Capital Management