Louisiana is the most expensive state for car insurance in the entire U.S., costing an average of $2,724 per year for full coverage. Louisiana drivers pay more than the $1,674 annual national average for car insurance.
You don’t have to pay the highest amount for coverage, despite the state’s average rates. There are many providers who offer lower premiums than the state’s average. At Bankrate, we monitor the latest rates, coverages and discounts to find the best cheap car insurance companies in Louisiana that provide the coverage you need for your family at a price that you can afford.
Louisiana has the cheapest car insurance
There are many options for Louisiana auto insurance. However, the cost of your coverage will vary depending on whether you select a minimum or full coverage provider. The cheapest car insurance rates vary quite a bit by state, which is why it is important to always search for the cheapest providers that Louisiana has to offer.
Geico
Geico is great for Louisiana car insurance. It also offers support and claims filing. There are agents set up in several of Louisiana’s major cities, making policies further accessible to those who are unfamiliar with the company or even those who want direct communication. Even if you don’t have the opportunity to meet with an agent in person for your insurance questions, you can access a virtual agent through their app, which is available 24 hours a day. Opportunities for car insurance discounts include military, safety, good driver and student discounts.
Geico even supplies a helpful resource page for Louisiana drivers, so you know exactly what you need before you hit the road.
Southern Farm Bureau
You must be a member to receive Southern Farm Bureau car insurance. However, annual membership fees are usually affordable and well worth the low insurance costs. With an A+ (Superior) rating from AM Best for financial stability, Southern Farm Bureau is available in six Southern states, including Arkansas, Colorado, Florida, Louisiana, Mississippi and South Carolina, with local agents to help with all of your auto insurance needs.
Southern Farm Bureau also offers Louisiana-specific insurance, which includes rental car coverage and roadside assistance.
USAA
USAA, headquartered in San Antonio, Texas is a car insurer that consistently receives positive customer reviews. Although technically it is not eligible for rank, power is required to be a member.
USAA offers excellent insurance options and some of the most affordable insurance rates in America. USAA has limited branches and offers great mobile tools. However, it provides members with many resources and easy access to their insurance. It also is an insurance provider exclusively catering to military and veterans, as well as their families, with exclusive discounts specifically designed for its customers, such as savings for military base storage and deployment.
State Farm
State Farm consistently wins awards for its excellent mobile tools, making it easy to file claims and track them. There is excellent customer support available, as proven by its high customer ratings, and it receives an A (Excellent) rating from AM Best for financial stability.
State Farm offers cheap Louisiana car insurance that includes rental car coverage, roadside assistance, and rideshare driver coverage. To help lower the higher Louisiana rates, there are many discounts such as multi-policy coverage, claims-free, safe driving, and student discounts. For example, students attending the University of Louisiana at Lafayette — or one of the state’s many other schools or universities — could earn up to 25% off premiums until the age of 25 as long as they maintain a B or 3.0 average.
Progressive
Progressive offers many ways to save, including its Snapshot program that rewards safe driving, plus the Name Your Price Tool that helps you control what you pay for your car insurance each year with accident forgiveness for accidents both small and large. Bundling multiple policies and cars can save you money and provide loyalty discounts. Progressive also offers personal, home, condo, flood and home insurance bundles. There is even classic car insurance for your antique car.
Louisiana drivers need minimum coverage
Like most states, Louisiana requires that you carry a minimum amount of car insurance, which includes liability insurance.
These are the minimum insurance requirements for Louisiana:
- $15,000 bodily injury liability per individual
- $30,000 bodily injury liability per incident
- $25,000 per accident property damage liability
You also have the option to purchase or reject the following state-recommended coverage:
- Medical payments up to $1,000
- $15,000 bodily injury to a motorist uninsured per person
- $30,000 bodily injury to a motorist who is not covered by insurance.
Experts recommend that you purchase additional insurance to lower your out-of pocket expenses following an accident. This is because the minimum insurance required by the state does not often cover all expenses in an accident. If you are found to be at fault, you will be responsible for paying the remainder.
How to Get Cheap Louisiana Car Insurance
While car insurance is expensive for Louisiana drivers, there are a few tips you can use to lower your total insurance premiums.
Take a look around
There are many factors that can influence the best Louisiana cheap car insurance providers. These include the type of insurance you need and your vehicle. It may be helpful to compare rates from different companies to find the best rate for you. You should also consider comparing the discounts available ahead of time to ensure that you get the best rates possible.
Improve your credit score
Your credit score may be used by insurance companies to determine your car insurance rates in all but four states. For example, car insurance for drivers with bad credit is likely to be much more expensive than car insurance for drivers with great credit. While credit building takes time, there are ways you can get started. One way is to pay your bills on time.
Your deductible should be increased
The amount you pay out of pocket if you’re in an accident is determined by your car insurance deductible. You may be required to pay a substantial amount upfront by your insurance company before your coverage kicks in to cover the rest of the damage. One way to lower your car insurance premium is to raise your deductible, but just be prepared to pay a higher upfront sum if the unthinkable occurs.
Bundle policies
Insurance companies often offer loyalty discounts if you have more than one policy. To save extra money on your car insurance, consider adding other types of insurance, such as your homeowners insurance, renters insurance or life insurance, to the same provider for even more savings.
Get discounts
There are many ways to save money on your car insurance. Consider common discounts like safe driver or student driver discounts. You may be eligible for additional savings if you have good credit or a clean record. Many car insurance providers also offer exclusive discounts for military members and low mileage drivers. Be sure to take advantage of the best auto insurance discounts wherever you can so you can save extra money on your policy.
Questions frequently asked
What is the best Louisiana car insurance?
There are many factors that will determine the best car insurance, including your driving record, accident history, and what you can afford. Our expert analysis is regularly updated to include the most recent company rankings, reviews, and offers for each auto insurer. The best car insurance in Louisiana for you will depend on which provider has the best coverage for the best price for you.
What is the average cost for car insurance in the United States?
The average cost of car insurance is $1,674 annually for full coverage car insurance and $565 annually for minimum coverage. Louisiana drivers will likely pay more for both types of coverage, although multiple discounts can help lower this cost.
What are the factors that impact the cost of Louisiana car insurance?
Car insurance costs are different for each person because they depend on many factors. The risk factors that insurance providers consider include where you live, how you drive, credit history, driving record, and the number of claims you have filed. Each factor is different, so it is important to shop around for the best deal.
