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Best car insurance in Louisiana in 2022

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Bankrate’s research into the car insurance market in Louisiana revealed that USAA, Geico and State Farm are among the best car insurance companies in the state, followed by Progressive and Allstate. On average, Louisiana drivers pay $2,712 per year for full coverage car insurance, based on Bankrate’s 2022 study of quoted annual premiums.

Louisiana has the highest average cost of car insurance in the nation, so finding the cheapest car insurance companies and cheapest rates may be a priority for many drivers. While price is important, there are also other considerations, like customer satisfaction and available coverage types, that could help you find the best car insurance in Louisiana for your needs.

Best car insurance companies in Louisiana

USAA and Geico made our list for offering cheap auto insurance in Louisiana with high customer satisfaction scores. If you value customer satisfaction, you may also be interested in looking at State Farm, which has the second-highest customer satisfaction ranking on our list. Progressive made our list for its extensive policy customization options, while Allstate ranked highly for its high customer satisfaction scores and wide range of discounts.

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.

We assigned a Bankrate Score to each company. On a scale of 0.0 to 5.0, the Scores reflect how highly each company ranked in each scoring category. The higher the Score, the more highly the company ranked.

If you are shopping for the best auto insurance in Louisiana, these companies might be a good starting place:

Car insurance company Bankrate Score Average annual full coverage premium J.D. Power customer satisfaction score (Southeast region)
USAA* 5.0 $1,810 890/1,000
Geico 4.7 $2,082 843/1,000
State Farm 4.7 $2,587 859/1,000
Progressive 4.4 $3,288 828/1,000
Allstate 4.0 $3,845 838/1,000

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

USAA

USAA may be a great choice for Louisiana drivers who value excellent customer service. The company received the highest score on our list for claims satisfaction but does not qualify for official ranking due to the fact that it sells coverage exclusively to current and retired military members and eligible family members. If you are eligible for USAA membership, you will likely have access to one of the lowest average full coverage car insurance rates in Louisiana.

Learn more: USAA Insurance review

Geico

If you are looking for cheap auto insurance and you do not qualify for USAA, Geico might be a good choice. The company’s low average premium may be due in part to its generous discounts, which include savings for military members, federal employees, good students and safe drivers. Geico also received the highest ranking in the 2021 J.D. Power U.S. Insurance Digital Experience Study for the service category. If you like to handle your insurance on a mobile app or website, Geico’s highly-rated platforms may be appealing. However, if you’re looking for gap insurance for your leased vehicle, you won’t be able to purchase it at Geico.

Learn more: Geico Insurance review

State Farm

State Farm’s average annual full coverage premium is lower than the state average, and this insurer may be appealing to you if you are looking for a well-established company. In fact, State Farm is the largest insurer of personal autos in the nation by market share. There are several ways to save on your State Farm premium in Louisiana, including bundling your policies, enrolling in the Drive Safe & Save program or the Steer Clear program (depending on your age), having a vehicle with certain safety features or being accident-free. However, State Farm may not be the most budget-friendly option, ringing in as the third-highest car insurance rate on our list.

Learn more: State Farm Insurance review

Progressive

Progressive’s average annual full coverage premium is higher than the state average, but this might be because of the extensive optional coverage choices that the company offers. You might be able to tailor your policy to your needs by adding options like ridesharing coverage, loan/lease gap coverage, custom parts and equipment coverage and a deductible savings bank. And you might be able to lower your premium by getting a quote and buying a policy online, having continuous insurance or participating in the Snapshot program. Before purchasing, keep in mind that Progressive received the lowest customer satisfaction score of the companies on our list.

Learn more: Progressive Insurance review

Allstate

Allstate’s average premium is the highest on our list, but keep in mind that price is not the only factor to consider when shopping for car insurance. Allstate offers several optional coverage types to personalize your policy, like sound system coverage and ridesharing coverage. The company also has several discounts, like savings for new cars, smart students and safety devices. You might also save money just by paying your bill in full or by signing up for automatic payments.

Learn more: Allstate Insurance review

Average cost of car insurance in Louisiana

The average cost of car insurance in Louisiana is $2,712 per year on average for full coverage, which is over $1,000 more than the national average of $1,655 per year.

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 for damages, the cost of medical care for injuries and the likelihood of getting into an accident.

Average annual premium for minimum coverage in Louisiana Average annual premium for full coverage in Louisiana
$743 $2,712

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, you may want to compare online quotes and car insurance discounts from the top providers to help keep your insurance costs in line with your budget.

Consider minimum insurance requirements in Louisiana

Louisiana requires that every driver carry at least minimum limits of bodily injury liability and property damage liability. To find Louisiana’s specific requirements, you can reference the Louisiana Department of Insurance’s “Consumer’s Guide to Auto Insurance” or Bankrate’s guide to Louisiana’s insurance laws. Most agents recommend that you purchase higher levels of liability for greater financial protection.

Consider lender requirements

Are you leasing or financing your vehicle? If so, your lender or lienholder will likely require you to have full coverage so that they know damages will be covered in the event of an accident. Gap insurance may be a smart optional choice for newer financed vehicles. Gap insurance is designed to pay the difference between what you owe on your car and what it’s worth if it is stolen or totaled in a covered accident.

Consider your individual needs

Certain personal factors can affect which car insurance policy you choose. Events like adding a teen driver to your car insurance can increase your car insurance rate. If you’re insuring a young driver, you may want to look for companies that offer competitive student discounts. Or, if you’ve had a DUI conviction in Louisiana, you might want to look for a company that offers insurance to high-risk drivers. A driver with a clean driving record might have different considerations than a driver with an at-fault accident on their record, for example.

Car insurance discounts in Louisiana

Car insurance in Louisiana is expensive, but there are ways to save on your car insurance premium. Some of the best discounts available for Louisiana car insurance include:

  • Young driver discounts: Teen drivers are expensive to insure, on average, but you might save money by taking advantage of good student discounts, driver training discounts or distant student discounts.
  • Safe driver discounts: If you have a clean driving record, you’ll probably already have lower rates than someone who has incidents on their driving record. However, some companies give additional loss-free discounts, and if you drive safely, you could benefit from car insurance with telematics.
  • Other discounts: Most companies offer auto and home bundle discounts, which can sometimes be applied to renters or condo owners as well. You might also save money with payment-centric discounts, like paperless billing, paid-in-full or automatic payment savings.

Discounts vary by company, so the best way to know how to save on your specific car insurance policy is to talk to an agent or company representative.

Frequently asked questions

What do I need to get car insurance in Louisiana?

To get car insurance in Louisiana, you’ll start by getting quotes. You can do this online, by phone or by visiting a local agency, depending on the companies you choose to research. You’ll need the name, driver’s license number and date of birth for all the drivers you need to insure, as well as the information about your vehicle or vehicles. Having the vehicle identification numbers (VINs) can help you get an accurate quote, but you should be able to get an idea of the price with just your vehicles’ years, makes and models. Once you’ve chosen a company to proceed with, you’ll need to pay at least a month’s payment to start the policy and you might need to sign an application.

Do I need more than the minimum coverage?

You might. Minimum coverage is just that — the minimum required by the state. To drive legally, you just need state minimum coverage. However, if you have a loan or lease, you’ll likely need to add comprehensive coverage and collision coverage to satisfy the lender, and you may be required to have higher liability limits, too (especially in the case of leased vehicles). Even if you own your vehicle fully, most insurance professionals recommend higher liability limits than the state minimum so that you have more financial protection.

Does liability insurance include my vehicle?

If you are in an accident in Louisiana and your car is damaged, the state’s minimum requirement of liability insurance will not cover any damages to your vehicle. Even if you purchase higher liability limits, damage to your car is not covered unless you purchase both comprehensive and collision coverage.

What happens if my car is damaged from flooding?

Louisiana suffers its fair share of hurricanes and flooding. If you only purchase liability coverage, your car will not be insured against floods. You would need to add comprehensive car insurance coverage to protect your vehicle from weather events.

What happens if I do not insure my car in Louisiana?

If you own a car in Louisiana, you are legally required to carry at least the minimum levels of car insurance coverage. You will not be able to register your vehicle without proof of insurance. The penalties for driving without insurance can be severe and could include fines and license suspension. If you cause an accident without insurance, you will be responsible for paying for the damages out of pocket. This can lead to severe financial stress, and if you are unable to pay, you might face a lawsuit. Car insurance in Louisiana can be pricey, but the price of driving uninsured is far worse.

What is the cheapest car insurance company in Louisiana?

Among the cheapest car insurance companies in Louisiana are Southern Farm Bureau, USAA and Geico, on average. However, the cheapest car company for you will depend on your individual circumstances. To find the lowest premium, you may want to compare quotes from several providers and see which discounts apply to you.

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 reflect 2021 data and a 2019 Toyota Camry.

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

Bankrate Scores

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 2020 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
Cate Deventer
Insurance Writer & Editor
Cate Deventer is a writer, editor and insurance professional with over a decade of experience in the insurance industry as a licensed insurance agent.
Edited by
Insurance Editor
Reviewed by
Senior wealth manager, LourdMurray