Best car insurance in Louisiana in 2021
Through detailed analysis, Bankrate’s insurance editorial team determined that USAA, State Farm, Geico, Progressive and Allstate are the top insurance companies in Louisiana. On average, Louisiana policyholders pay $2,724 per year for their full coverage car insurance, based on Bankrate’s study of quoted annual premiums.
Many drivers are looking for more than just low premiums in their auto insurance. Below, Bankrate’s team breaks down the best companies in Louisiana by customer satisfaction, financial strength score, discounts, coverage options and more, so that you can choose the best provider for you.
Best car insurance companies in Louisiana
USAA and Geico made our list for offering cheap car insurance 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 does not qualify for official ranking with J.D. Power due to eligibility restrictions.
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
If your car insurance budget is tight, but 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
Although State Farm’s average premium is higher than Louisiana’s average, the company may be appealing to you if you are looking for a well-established company. In fact, State Farm is the largest insurer or personal autos in Louisiana, with almost 30% of the market share. There are several ways to save on your State Farm premium in Louisiana, including bunding 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 second-highest car insurance rate on our list.
Learn more: State Farm Insurance review
Progressive’s average premium is higher than Louisiana’s, but this might be because of the extensive optional coverages 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’s 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 coverages 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. Budget-conscious buyers may want to consider additional providers, as Allstate has the highest average car insurance rate on our list.
Learn more: Allstate Insurance review
Average cost of car insurance in Louisiana
Bankrate’s analysis of the average cost of car insurance places Louisiana in the top three most expensive states. Louisiana drivers pay $2,724 per year on average for full coverage, which is over $1,000 more than the national average of $1,674 per year.
|Average annual premium for minimum coverage in Louisiana||Average annual premium for full coverage in Louisiana|
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 healthcare for injuries and the likelihood of getting into an accident.
State minimum insurance requirements in Louisiana
Louisiana, like most states, requires its drivers to carry at least certain minimum car insurance coverages and limits. Louisiana’s minimum insurance requirements include bodily injury liability and property damage insurance. The minimum liability insurance is Louisiana is:
- $15,000 bodily injury per person
- $30,000 bodily injury per accident
- $25,000 property damage for others
These quotes are 2021 quoted annual premiums from Quadrant Information Services. Keep in mind that your actual premiums will vary depending on personal characteristics such as age and driving record.
The average cost of coverage in Louisiana could be higher than the cost of car insurance in other states for a few different reasons. First, Louisiana is one of only five states that have overall fatality rates of 1.5 per every 100 or more vehicle miles traveled. Louisiana is also one of only 14 states that have urban fatality rates higher than 1.0 per 100 million miles traveled. Additionally, Louisiana ranks among the states that are most prone to national disasters.
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.
Consider minimum insurance requirements in Louisiana
Every state except New Hampshire and Virginia requires you to have at least the minimum state-mandated amounts of insurance. Specific limits vary by state. 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.
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 pays the difference between what you owe on your car and what it’s worth.
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.
Car insurance discounts in Louisiana
- Active military: If you are active military based in Louisiana, you may be eligible for discounted car insurance.
- Multi-policy: Most insurance companies offer a discount for bundling policies. This discount is usually for bundling your auto insurance with your home, condo or renters insurance, but some companies might give you a discount for buying other types of insurance as well, like life, business or pet insurance.
- Safe driver: If you have not filed any claims or had any tickets or DUI convictions on your record within a certain number of years, you might get a discount.
- Telematics discounts: Many companies offer telematics programs, which track your driving habits using a plug-in device or mobile app. Based on the data received, you could earn a personalized discount.
- Young driver discounts: Insuring a teen driver can be expensive. Luckily, most auto insurers offer discounts for students who earn good grades. If you have a student away at college without a car, you could qualify for a distant student discount.
Frequently asked questions
What do I need to get car insurance in Louisiana?
To get car insurance in Louisiana, you will need the name, date of birth and driver’s license number for every driver in your household and anyone who regularly drives your vehicles. You will also need the vehicle identification number (VIN) of each vehicle you want to insure. When getting quotes, it can be helpful to have an idea of the coverages and limits you want to buy, but an agent can help you choose appropriate protections for you.
Do I need more than the minimum coverage?
Minimum coverage is the least amount of insurance required to drive in Louisiana. If you own your car outright, you have the option to purchase just minimum coverage. If your car is financed, you will likely need to purchase full coverage. Most insurance professionals recommend that you purchase higher liability limits regardless of your vehicle ownership status. Higher liability coverage offers more financial protection, which better safeguards your financial health.
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 comprehensive and collision coverages.
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.
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.
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.