The Cheapest Car Insurance In Louisiana For 2024
In the ever-changing landscape of insurance rates, finding the most affordable car insurance in Louisiana is a quest many embark upon. If you’re on the hunt for the most affordable car insurance in Louisiana, look no further than Southern Farm Bureau.
Recognized for its competitive prices and reliable service, Southern Farm Bureau offers the best bang for your buck whether you’re looking for basic liability coverage or comprehensive protection.
With over ten years of experience studying car insurance policies, I’ve condensed our research findings to simplify your search. My aim is to empower you with the knowledge needed to make a well-informed decision, ensuring both your finances and peace of mind are protected on the road.
Cheapest Car Insurance Companies In Louisiana
Our Methodology
Utilizing a detailed examination that considers factors like customer service, coverage options, cost, and feedback from online reviews, I've developed a comprehensive understanding of the car insurance market in Louisiana. With more than 15 years of experience as a licensed insurance agent in the state, I've gained valuable insights through interactions with different companies and firsthand experiences with purchasing car insurance. My analysis provides a well-rounded perspective, offering valuable insights to help you navigate the complexities of choosing the right car insurance provider. With this knowledge, you can make an informed decision that suits your needs and budget, ensuring you get the best coverage for your vehicle in Louisiana.
Quotes Analyzed
Years Of Industry Experience
Brands Reviewed
Research Hours
Cheapest Car Insurance In Louisiana For Minimum Coverage: Geico
Geico has the most affordable rates for minimum coverage car insurance in Louisiana, offering average monthly rates at $40.
| Provider | Average Monthly Cost | Average Annual Cost |
| Geico | $40 | $476 |
| Progressive | $54 | $648 |
| Southern Farm Bureau | $55 | $663 |
| Louisiana Farm Bureau | $61 | $726 |
| USAA | $67 | $799 |
The cheapest car insurance in Louisiana for minimum coverage typically includes liability insurance, which is mandated by law in most states, including Louisiana. This coverage helps pay for the costs associated with injuries or property damage that you may cause to others in an accident.
Minimum coverage usually includes two main components:
- Bodily Injury Liability: This covers medical expenses, lost wages, and legal fees if you’re found responsible for injuring someone else in a car accident.
- Property Damage Liability: This covers the cost of repairing or replacing property that you damage in an accident, such as another person’s vehicle or a fence.
While minimum coverage is the most affordable option, it’s important to note that it may not provide enough protection in all situations. For example, it may not cover your own medical expenses or the cost of repairing your own vehicle if you’re at fault in an accident.
However, having at least the minimum coverage required by law is essential for staying compliant with state regulations and protecting yourself from potential legal and financial consequences in the event of an accident.
Cheapest Car Insurance In Louisiana For Full Coverage: Southern Farm Bureau
Southern Farm Bureau has the cheapest rates for full coverage car insurance in Louisiana, offering average monthly rates at $216.
| Provider | Average Monthly Cost | Average Annual Cost |
| Southern Farm Bureau | $216 | $2,596 |
| Geico | $232 | $2,780 |
| Louisiana Farm Bureau | $236 | $2,828 |
| USAA | $258 | $3,095 |
| Progressive | $277 | $3,326 |
Full coverage car insurance offers a broader level of protection compared to basic coverage, making it a comprehensive option for many drivers. This type of policy usually includes both comprehensive and collision insurance, providing a strong safety net.
Comprehensive insurance covers incidents like theft, vandalism, and natural disasters, while collision insurance pays for damages to your vehicle in accidents, regardless of fault. This two-part approach ensures drivers are covered in various situations, from accidents to unexpected damages.
Full coverage is especially beneficial for owners of newer or high-value vehicles, as these often require costly repairs or replacements. Although full coverage tends to cost more than basic coverage, the added protection is worth the investment for many drivers. It’s not just a recommendation but a necessity to protect their valuable assets.
Cheapest Car Insurance In Louisiana For Drivers With Poor Credit: USAA
USAA has the cheapest rates for drivers with poor credit in Louisiana, offering average monthly rates at $261.
| Provider | Average Monthly Cost | Average Annual Cost |
| USAA | $261 | $3,136 |
| Safeway Insurance | $284 | $3,408 |
| Southern Farm Bureau | $290 | $3,480 |
| Geico | $415 | $4,975 |
| Progressive | $495 | $5,939 |
Finding affordable car insurance in Louisiana can be challenging, especially for drivers with poor credit. Your credit score plays a significant role in determining your car insurance rates. Insurance companies often use credit scores as a factor to assess your risk level as a driver.
If you have poor credit, insurance companies may consider you a higher risk for filing claims or missing payments. As a result, they may charge you higher premiums for car insurance. This means that finding the cheapest car insurance in Louisiana with poor credit can be tough.
However, not all insurance companies weigh credit scores the same way. Some may place more emphasis on credit history than others. It’s essential to shop around and compare quotes from multiple insurers to find the best rates for your situation.
Improving your credit score over time can also help lower your car insurance premiums. By managing your finances responsibly and paying bills on time, you can gradually improve your creditworthiness and qualify for better rates.
Cheapest Car Insurance In Louisiana For Seniors: Louisiana Farm Bureau
Louisiana Farm Bureau has the cheapest rates for seniors in Louisiana, offering average monthly rates at $101
| Provider | Average Monthly Cost | Average Annual Cost |
| Louisiana Farm Bureau | $101 | $1,213 |
| Geico | $148 | $1,775 |
| State Farm | $166 | $1,997 |
| Progressive | $190 | $2,282 |
| AAA | $215 | $2,577 |
| Allstate | $348 | $4,174 |
Seniors in Louisiana can find competitive car insurance rates, thanks to several factors in their favor. While age may influence insurance premiums, it’s not a strict rule. Many seniors maintain excellent driving records, which insurers often reward with lower rates. Insurers recognize the experience and maturity that come with age, viewing senior drivers as responsible and less risky.
Some insurance providers even offer discounts tailored to seniors, based on age, driving frequency, and completion of safety courses. Defensive driving courses, in particular, can lead to discounts by refreshing driving skills and promoting safer habits.
Cheapest Car Insurance In Louisiana For Young Drivers
In Louisiana, young adult drivers usually enjoy more affordable car insurance rates compared to teenagers. This difference in pricing stems from the maturing of driving behaviors and a corresponding decrease in risky actions as drivers get older. Statistically, young adults tend to file fewer claims with insurance companies, indicating a decrease in accident involvement.
As a result, insurers lower premiums, acknowledging the improved safety records and reduced likelihood of claims from these more experienced drivers.
Cheapest Louisiana Car Insurance For 16-Year-Olds: Southern Farm Bureau: Southern Farm Bureau
Southern Farm Bureau has the cheapest rates for 16 year olds, with an average monthly premium of $500.
| Provider | Average Monthly Cost | Average Annual Cost |
| Southern Farm Bureau | $500 | $5,997 |
| USAA | $563 | $6,750 |
| State Farm | $596 | $7,153 |
| Safeway Insurance | $685 | $8,223 |
| Louisiana Farm Bureau | $733 | $8,799 |
Cheapest Louisiana Car Insurance For 17-Year-Olds: USAA
USAA has the cheapest rates for 17 year olds, with an average premium of $327.
| Provider | Average Monthly Cost | Average Annual Cost |
| USAA | $327 | $3,919 |
| Southern Farm Bureau | $341 | $4,097 |
| State Farm | $433 | $5,191 |
| Louisiana Farm Bureau | $518 | $6,216 |
| Safeway Insurance | $664 | $7,972 |
Cheapest Louisiana Car Insurance For 18-Year-Olds: USAA
USAA has the cheapest rates for 18 year olds, with an average monthly premium of $278.
| Provider | Average Monthly Cost | Average Annual Cost |
| USAA | $278 | $3,330 |
| Southern Farm Bureau | $315 | $3,774 |
| State Farm | $389 | $4,666 |
| Louisiana Farm Bureau | $518 | $6,216 |
| Geico | $571 | $6,854 |
Cheapest Louisiana Car Insurance For 21-Year-Olds: USAA
USAA has the cheapest rates for 21 year olds, with an average monthly premium of $201.
| Provider | Average Monthly Cost | Average Annual Cost |
| USAA | $201 | $2,410 |
| Geico | $252 | $3,020 |
| Southern Farm Bureau | $258 | $3,099 |
| State Farm | $272 | $3,263 |
| Louisiana Farm Bureau | $414 | $4,962 |
Cheapest Car Insurance In Louisiana For Good Drivers
The cheapest car insurance in Louisiana for drivers with a clean record and seeking full coverage can vary based on individual circumstances and insurance providers. However, drivers with clean records generally qualify for lower insurance rates as they pose lower risks to insurance companies. Insurance companies evaluate risk based on a driver’s history, and those with no violations or accidents are considered low-risk.
This favorable risk profile is due to their demonstrated responsible and safe driving, indicating a lower likelihood of future claims. As a result, insurers are more likely to offer these drivers better premiums, reflecting the reduced financial risk they pose. For drivers who consistently follow traffic laws, avoid accidents, and demonstrate cautious driving behavior, this can lead to substantial savings on their car insurance premiums.
| Provider | Average Monthly Cost | Average Annual Cost |
| Southern Farm Bureau | $161 | $1,926 |
| USAA | $161 | $1,930 |
| State Farm | $182 | $2,183 |
| Louisiana Farm Bureau | $249 | $2,988 |
| Progressive | $254 | $3,050 |
Cheapest Car Insurance In Louisiana For Drivers With Prior Incidents
Drivers in Louisiana who have prior incidents on their record can still find affordable car insurance options. Despite past accidents or violations, there are insurance companies willing to provide coverage at competitive rates. While premiums may be higher compared to those with clean driving records, it’s still possible to obtain cost-effective car insurance by comparing quotes from different providers and exploring discounts for which you may qualify.
Additionally, some insurers offer specialized programs or policies tailored to drivers with prior incidents, helping them find coverage that meets their needs and budget.
Cheapest Car Insurance In Louisiana For Drivers With A Speeding Ticket: Southern Farm Bureau
Southern Farm Bureau has average premiums of $179, making it the cheapest option for drivers with a speeding ticket.
| Provider | Average Monthly Cost | Average Annual Cost |
| Southern Farm Bureau | $179 | $2,148 |
| State Farm | $193 | $2,318 |
| USAA | $206 | $2,473 |
| Safeway Insurance | $289 | $3,465 |
| Allstate | $430 | $5,154 |
Cheapest Car Insurance In Louisiana For Drivers With An At-Fault Accident: Southern Farm Bureau
Southern Farm Bureau has average premiums of $202, making it the cheapest option for drivers with an at-fault accident.
| Provider | Average Monthly Cost | Average Annual Cost |
| Southern Farm Bureau | $202 | $2,419 |
| State Farm | $206 | $2,472 |
| USAA | $238 | $2,854 |
| Safeway Insurance | $350 | $4,204 |
| Progressive | $401 | $4,816 |
Cheapest Car Insurance In Louisiana For Drivers After A DUI: State Farm
State Farm has average premiums of $193, making it the cheapest option for drivers with a DUI on their record.
| Provider | Average Monthly Cost | Average Annual Cost |
| State Farm | $193 | $2,318 |
| Southern Farm Bureau | $205 | $2,464 |
| USAA | $259 | $3,105 |
| Progressive | $358 | $4,300 |
| Safeway Insurance | $375 | $4,500 |
Average Cost Of Auto Insurance In Louisiana – By Age
| Age | Average Monthly Cost | Average Annual Cost |
| 16 | $1,105 | $13,261 |
| 17 | $784 | $9,413 |
| 18 | $694 | $8,324 |
| 19 | $500 | $5,997 |
| 21 | $390 | $4,677 |
| 25 | $291 | $3,496 |
| 35 | $253 | $3,040 |
| 45 | $226 | $2,709 |
| 55 | $218 | $2,621 |
| 65 | $244 | $2,925 |
| 75 | $243 | $2,919 |
Average Cost Of Car Insurance In Louisiana – By Gender & Marital Status
| Gender | Marital Status | Average Annual Cost |
| Female | Single | $1,600 |
| Male | Single | $1,950 |
| Female | Married | $1,450 |
| Male | Married | $1,750 |
Average Cost Of Auto Insurance In Louisiana – By Credit Tier
| Credit Tier | Average Monthly Cost | Average Annual Cost |
| Excellent | $133 | $1,597 |
| Good | $155 | $1,864 |
| Fair | $187 | $2,242 |
| Poor | $211 | $2,535 |
Cheapest Car Insurance In Louisiana By City
| City | Average Monthly Cost | Average Annual Cost |
| Ruston | $157 | $1,886 |
| Bossier City | $165 | $1,981 |
| Bayou Cane | $167 | $2,010 |
| Houma | $170 | $2,043 |
| Shreveport | $179 | $2,142 |
| Sulphur | $181 | $2,175 |
Minimum Car Insurance Requirement In Louisiana
In Louisiana, the minimum car insurance requirements include both Personal Injury Protection (PIP) and Bodily Injury Liability coverage. PIP coverage is mandatory in Louisiana, providing compensation for medical expenses and lost wages for you and your passengers regardless of fault in an accident. The minimum PIP coverage limit in Louisiana is $15,000 per person and $30,000 per accident for bodily injury.
Additionally, Bodily Injury Liability coverage is also required, which covers expenses related to injuries or death of others if you’re at fault in an accident. The minimum Bodily Injury Liability coverage limit in Louisiana is $15,000 per person and $30,000 per accident.
However, Louisiana allows drivers to choose between PIP coverage and Medical Payments (MedPay) coverage. If you opt for MedPay instead of PIP, you must carry a minimum coverage limit of $1,000. MedPay covers medical expenses for you and your passengers regardless of fault, but it does not provide coverage for lost wages like PIP does.
Car Insurance Discounts In Louisiana
As you navigate through car insurance options, it’s prudent to investigate insurers offering discounts customized to your situation. Moreover, engaging with your insurance representative could unveil potential discounts you haven’t yet tapped into.
Here’s a deeper look into the prevalent types of discounts offered by leading car insurance providers:
- Safe Driver Discount: Insurers often offer discounts to policyholders with a clean driving record, reflecting responsible driving habits and reduced risk.
- Multi-Vehicle Discount: Owning multiple vehicles insured under the same policy may qualify you for a discount, streamlining your insurance costs.
- Multi-Policy Discount: Bundling your car insurance with other policies, such as home or renter’s insurance, can lead to significant savings on premiums.
- Good Student Discount: Students with good academic performance may be eligible for lower insurance rates, incentivizing responsible behavior on the road.
- Defensive Driving Course Discount: Completing a defensive driving course can demonstrate your commitment to safe driving practices, resulting in discounted premiums.
- Vehicle Safety Features Discount: Cars equipped with safety features like airbags, anti-lock brakes, and anti-theft systems may qualify for lower insurance rates.
- Loyalty Discount: Staying with the same insurance provider for an extended period may earn you loyalty rewards in the form of discounted premiums.
- Pay-in-Full Discount: Paying your annual premium upfront instead of in installments can sometimes lead to lower overall costs.
- Low Mileage Discount: Drivers who cover fewer miles annually may be eligible for discounted rates, as they pose lower risk to insurers.
FAQs
How much is car insurance a month in Louisiana?
The average cost of car insurance per month in Louisiana varies depending on factors such as age, driving history, and coverage level, but it typically ranges from $100 to $300.
What is the minimum car insurance one must have in Louisiana?
The minimum car insurance required in Louisiana includes liability coverage for bodily injury and property damage. The state also mandates Personal Injury Protection (PIP) coverage, uninsured/underinsured motorist coverage, and medical payments coverage.
Which insurance is better in Louisiana?
The better insurance option in Louisiana depends on individual needs and preferences. It’s essential to compare quotes from multiple insurers and consider factors like coverage options, customer service, and discounts to determine the best fit for your situation.
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