Louisiana Car Insurance Rates
Projected insurance prices in Louisiana for 2019 are $2,080 annually including full coverage. Comprehensive insurance, collision, and liability insurance cost around $462, $846, and $538, respectively. New Orleans and Harvey have the most expensive average rates, and the three companies who insure the most vehicles in Louisiana are State Farm, Progressive, and Allstate.
Average rate for full coverage: $2,080
Policy rates for type of insurance:
40-year-old driver, full coverage with $500 deductibles, and good driving record
Cost of Auto Insurance in Louisiana
Using a 40-year-old driver as an example, Louisiana insurance rates go from the cheapest price of $638 for liability-only coverage to a much higher rate of $4,496 for a policy for a high-risk driver.
These price differences highlight why anyone shopping for car insurance should compare rates for a specific zip code and their own driving history, rather than relying on rates averaged for all U.S. states.
Use the form below to get accurate rates for your location.
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Recommended Companies for Cheap Louisiana Insurance
The chart above shows average Louisiana car insurance prices for different coverage choices and risks. The lowest price with discounts is $1,193. Drivers choosing higher $1,000 deductibles will pay $1,784. The average price for a driver age 40 with no violations using $500 deductibles is $2,080. Using more expensive $100 deductibles for collision and other-than-collision coverage can cost as much as $2,658. If you have multiple accidents and violations you could be charged around $4,496. The price for full coverage for a 16-year-old driver is $7,658.
Auto insurance rates in Louisiana also range considerably based on liability limits and deductibles, your driving characteristics, and the make and model of your vehicle.
If you have a few points on your driving record or you were responsible for an accident, you are likely paying at least $2,400 to $3,300 in extra premium every year, depending on your age. High-risk driver insurance can cost anywhere from 43% to 129% more than the average rate. View High Risk Driver Rates
Opting for high physical damage deductibles could save up to $880 each year, while increasing your policy's liability limits will increase rates. Changing from a 50/100 liability limit to a 250/500 limit will raise rates by up to $484 extra every year. View Rates by Deductible or Liability Limit
The company you choose influences the cost of coverage. Every insurance company has their own rate formula, and prices can be substantially lower or higher based on indivdual risk characteristics. In Louisiana, car insurance prices range from $1,610 with USAA to as high as $3,682 with Liberty Mutual. Companies like MetLife, GEICO, and Progressive fall in the middle.Those are not necessarily the prices you would pay, as your location in Louisiana, your vehicle make and model, and your driving record have to be considered.
|Rank||Company||Market Share||Average Rate|
|6||Southern Farm Bureau||5.32%||$2,226|
|Get Your Rates Quote Now|
Source: National Association of Insurance Commissioners (NAIC) 2015 Market Share Report and The Zebra
An older driver with a good driving record and higher deductibles could pay as little as $1,900 per year on average, or $158 per month, for full coverage. Rates are highest for teenagers, since even excellent drivers will have to pay as much as $7,600 a year. View Rates by Age
The type of car, truck, or SUV you buy has a significant impact on the cost of auto insurance coverage in Louisiana. Driving a less expensive and safer vehicle will have a lower insurance cost thanks to lower repair costs and lower severity of accident injuries. The following table shows insurance cost estimates for some of the more popular vehicles insured in Louisiana.
|Make and Model||Premium||% to Avg|
|Get Rates for Your Vehicle Quote Now|
Annual estimated premium for full coverage, $500 deductibles, driver age 40 with clean driving record.
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The city you live in makes a big difference in auto insurance rates. Rural areas could have rates as low as $1,600 a year, while New Orleans and Harvey may have prices as high as $3,600. Even different areas close to each other in the same city can have a wide range of rates.
These wide price ranges illustrate the significance of getting rates for your specific zip code.
Because rates have so much variability, the best way to figure out your exact price is to compare rates from as many companies as possible. Every company utilizes a different rate formula, and quoted rates will be varied.
Louisiana Auto Insurance Articles
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Rate Tables and Charts
Rates by Driver Age
Full coverage, $500 deductibles
Rates by Deductible
Full coverage, driver age 40
Rates by Liability Limit
Full coverage, driver age 40
Rates for High Risk Drivers
Full coverage, $500 deductibles, two speeding tickets, and one at-fault accident
If a financial responsibility filing is required, the additional charge below may also apply.
Potential Rate Discounts
If you qualify for discounts, you may save the amounts shown below.
|5-yr Accident Free||$156|
|5-yr Claim Free||$134|
|Paid in Full/EFT||$98|
Discounts are estimated and may not be available from every company or in every state.