Lafayette drivers pay $1,112 annually for minimum coverage car insurance. $2,819 is the average for full coverage car insuring. This is considerably more than the national and state averages. Insurance companies can charge more if they have good reason to.
With more 357,091 drivers licensed, fatal crashes are much higher than the national average. Louisiana had 16.5 fatalities from vehicle accidents in 2018. You can see why rates could be higher if you consider that 13% Louisiana drivers are not insured. These are only state statistics. However, Lafayette is the largest city in Louisiana. This contributes to the problem.
We believe all drivers deserve the best. That is why we conducted an extensive study to determine the best affordable car insurance in Lafayette.
Lafayette’s best car insurance companies
We considered many factors to find Lafayette’s best car insurance. We considered Power scores for customer service, AM Best scores for financial strength and average premium price, discounts available, and coverage options. These are our top five providers.
| Insurance company | J.D. J.D. | Minimum coverage: Average annual premium | For full coverage, the average annual premium |
|---|---|---|---|
| Allstate | 846 / 1,000 | $1,425 | $3,327 |
| Geico | 857 / 1,000 | $594 | $2,069 |
| Progressive | 848 / 1,000 | $1,229 | $3,279 |
| State Farm | 835 / 1,000 | $947 | $3,174 |
| USAA | 909 / 1,000 | $844 | $2,114 |
Allstate
Allstate offers a wide range of coverage options that make it stand out from the rest, including rideshare insurance and sound system insurance. Allstate offers a wide range of discounts. However, it goes above and beyond for young drivers. If you need to park your car at school while you are away, or if your high school and college grades are good, you could save on your premium.
Geico
Geico is the most affordable on our list. It also received the highest scores from J.D. Power. Geico offers many coverage options, including unique discounts, that you won’t find anywhere else. Geico offers discounts on everything, from seat belts to student discounts to loyalty programs. The best part? You could save as much as 25% by using a lot of them.
Progressive
Progressive offers a solid smartphone application that you can use for almost any purpose. The app allows you to file a claim and check the status of your claim. You can also pay a bill or make changes to the account. Progressive offers the Snapshot discount. Snapshot will analyze your driving habits and, if Progressive likes the results, you can save on your premium. Snapshot saves drivers an average $145
State Farm
State Farm is America’s largest auto insurance company. State Farm offers multiple discounts that anyone can qualify for without having to do anything. It also offers a driver behavior discount like Progressive. This discounts uses your smartphone to track your driving habits. It can save you a lot of money, so make sure you check it out if you are a safe driver.
USAA
USAA is an exceptional provider because it insures only current and past military personnel, as well their immediate families. It is consistently ranked as the best provider of customer service by J.D. We included it in our list. Power (but it was disqualified from the rankings due to its eligibility requirements). USAA doesn’t offer too many discounts, but they do offer common ones that can be used by many.
Lafayette has the lowest car insurance
For car insurance, Lafayette is more costly than the average annual rates. This includes both minimum and full coverage for the rest of the country. Here are the results:
| Types of coverage | Lafayette average | Louisiana average | U.S. average |
|---|---|---|---|
| Minimum coverage: Average annual premium | $1,112 | $975 | $565 |
| For full coverage, the average annual premium | $2,819 | $2,724 | $1,674 |
Lafayette residents and drivers need to find the best car insurance for the lowest price. Below is a table that compares the most popular car insurance rates based on market share.
| Insurance company | Minimum coverage: Average annual premium | For full coverage, the average annual premium |
|---|---|---|
| Geico | $594 | $2,069 |
| USAA | $844 | $2,114 |
| State Farm | $947 | $3,174 |
| Progressive | $1,229 | $3,279 |
| Allstate | $1,425 | $3,327 |
There’s a reason why this list is similar to the one above. Lafayette is very fortunate that Lafayette has excellent providers and the cheapest insurance companies are also the best. What are the differences? There aren’t many differences, except for the average cost. All companies have smartphones and are financially sound. J.D. has given them strong feedback. Customers love their power.
However, discounts can vary a bit between them. USAA offers only a few discounts while the four other companies offer large lists. By taking advantage of the discounts offered by each company, drivers may be able save significantly on their premiums.
Lafayette insurance requirements
Lafayette drivers must comply with the 15/30/25 law.
- $15,000 per person to treat bodily injuries
- $30,000 per accident to treat bodily injury
- $25,000 per accident to cover property damage
It might be worthwhile to shop for insurance that offers more protection. You will have to pay for any excess not covered by your policy out of pocket. If you are in an accident that results in serious injuries, medical costs can quickly rise to $30,000 and new cars can cost well above $25,000.
Your lender might also require that you have complete coverage if you intend to finance or lease your car.
Lafayette, Indiana: Car insurance discounts
It is not difficult to find the lowest car insurance in Lafayette. However, it can be challenging to find the best deal. These discounts can save you big, regardless of which company or provider you choose.
- Multi-car
- Multi-policy
- Anti-theft
- Driving course for defensive driving
- Good student
Multi-car and multipolicy discounts both fall under the “customer loyalty” umbrella. The savings you can get by sticking with one company could be substantial. Geico, for example, offers a 25% discount when you use them for all your insurance needs.
Are you a student in high school, or at a college like LSU? You may be able to get a discount up to 25% if they maintain a certain GPA. This discount may also be available to you if you’re under 25.
Questions frequently asked
Which is the best auto insurance company?
There are many answers to this question, including best for financial strength, best discounts, best for coverage options, and so on. It all depends on what you are looking for and your individual needs. Our Best Car Insurance Companies page provides a deeper dive into the top insurance companies available.
What is the cost of Lafayette car insurance?
Lafayette’s average annual cost for car insurance is $2819 for full coverage, and $1,112 to cover basic. You may be able get a lower price if you choose the right provider and take advantage of discounts.
What amount of car insurance do you need in Lafayette?
Louisiana law requires all Lafayette drivers to have a policy of 15/30/25. This means that each driver must carry a minimum of the following liability:
- $15,000 per person to treat bodily injuries
- $30,000 per accident to treat bodily injury
- $25,000 per accident to cover property damage
When shopping for Lafayette car insurance, make sure you compare both basic and full coverage. You should purchase as much car insurance as you can afford.
