Cheap Car Insurance

Cheaper Rates Today in LA

Car Insurance in Louisiana

  • Compare cheap car insurance quotes in LA
  • Get the cheapest car insurance from top companies like Allstate, Progressive, and more!
  • Save hundreds a year on your Louisiana car insurance.

Cheap Car Insurance

Cheaper Rates Today in LA

Car Insurance in Louisiana

  • Compare cheap car insurance quotes in LA
  • Get the cheapest car insurance from top companies like Allstate, Progressive, and more!
  • Save hundreds a year on your Louisiana car insurance.

Cheap Car Insurance Companies In Louisiana

The average semiannual cost of car insurance in the state of Louisiana is $1553.75. An insured premiums are influenced by more variables than purely their place of residence. Car insurance underwriters calculate auto insurance rates after assessing a range of criteria such as the policyholder’s age, driving record, marital status, and credit rating. We examined typical car insurance costs in Louisiana across each of the predominant rating factors. We aim to provide consumers insight to identify a car insurance policy that meets their needs and budget.

CompanySemi Annual Permium
State Farm$1,231.50
Safe Auto$2,021.00

*Data Methodology – Updated 2/29/2024

The Louisiana car insurance rates are based on a 35-year-old male with the most popular car (Honda Accord) living in LA. The Quote is for full coverage with comprehensive at $500 deductible and collision at $500 deductible.

Louisiana Minimum Liability Coverage

Louisiana requires all motorists to carry minimum liability insurance coverage. This coverage helps protect you financially in the event of an accident for which you are at fault. The minimum coverage amounts in Louisiana are:

  • Bodily Injury Liability: $15,000 per person and $30,000 per accident. This covers injuries and losses, such as medical bills and lost wages, suffered by others in an accident for which you are at fault.
  • Property Damage Liability: $25,000. This covers damage to other people’s vehicles and property from an accident for which you are at fault.
  • Uninsured/Underinsured Motorist Coverage: $15,000/$30,000. This optional coverage protects you if you are in an accident caused by a driver who does not have sufficient insurance or none at all.

Penalties for Driving Without Insurance in Louisiana

Louisiana law requires all drivers to carry minimum liability insurance coverage. Driving without insurance is a serious offense that carries penalties and consequences. If you are caught driving without insurance in Louisiana, you could face:

  • A fine of up to $500 for the first offense. The fine increases to up to $1,000 for subsequent offenses.
  • A driver’s license suspension of up to 180 days for the first offense and one year for subsequent offenses. Your license will not be reinstated until you show proof of insurance.
  • Vehicle registration suspension. The vehicle registration of the uninsured vehicle will be suspended until you show proof of insurance.
  • Court fees and reinstatement fees. You will have to pay court costs associated with the citation as well as a fee to reinstate your driver’s license and vehicle registration after they are suspended.
  • Possible vehicle impoundment. The vehicle you were driving without insurance could be impounded, especially for repeat offenses. You would have to pay an impound fee to get your vehicle back.

Auto Insurance Rates in Louisiana

Auto insurance rates in Louisiana are generally considered to be high compared to national averages. Several factors contribute to this.

First, Louisiana has a high rate of uninsured motorists. Over 17% of Louisiana drivers do not carry auto insurance, the second highest rate in the nation. When more drivers lack insurance, insurance companies have to raise rates for those who do carry coverage to make up the difference.

Second, Louisiana has high rates of auto theft and accidents. New Orleans in particular has one of the highest theft rates in the country. Higher claims payouts force insurers to charge higher premiums.

Third, Louisiana has a high number of uninsured motorist claims. Since many drivers lack insurance, those who do file more claims against their own uninsured motorist coverage. This increases the cost of providing auto insurance in the state.

Louisiana auto insurance rates are also impacted by the state’s legal environment. Louisiana is considered a more “litigious” state where residents file more lawsuits. This results in higher legal and claims processing costs for insurers.

Drivers can take several steps to help secure lower rates. The most effective is to carry higher deductibles, ranging from $500 to $1,000. Bundling policies, such as adding homeowners or life insurance from the same company, can also reduce auto rates. Drivers with multiple vehicles should make sure they are receiving a multi-vehicle discount as well. Finally, good driving records with no accidents or violations will qualify drivers for the best auto insurance rates.

Low Cost Car Insurance Programs and Discounts in Louisiana

Car insurance is mandatory in Louisiana, but the cost can add up. The good news is that there are several ways to reduce your premiums and make car insurance more affordable. Insurance companies offer a variety of low-cost programs and discounts for those who qualify. Here are some options to consider:

Safe Driver Discounts: Most insurers reward customers with a history of safe driving. If you have maintained a clean driving record for several years without any tickets, accidents, or claims, you may qualify for a safe driver discount of up to 20% off your premiums.

Good Student Discounts: Many companies offer discounts of up to 25% for students who maintain a B average or higher. Some will require a copy of your report card as proof of eligibility.

Multi-Policy Discounts: Bundling your insurance policies with the same company can save you money. Homeowner’s insurance, life insurance, and other types of policies from the same insurer may qualify you for a multi-line discount of 5% to 15% on auto premiums.

Low-Mileage Discounts: If you drive your car less than 7,500 to 10,000 miles per year, you may qualify for a discount since you are considered a lower risk. Some companies offer up to 15% off for low annual mileage.

Anti-Theft Devices: Having anti-theft devices like an alarm, immobilizer, or tracking system can reduce your rates by 5% to 10% since these devices lower your insurer’s risk.

Louisiana Car Insurance Statistics

Louisiana has a number of interesting car insurance statistics that are important for drivers to know.

First, Louisiana has some of the highest car insurance rates in the country. According to the Insurance Information Institute, Louisiana drivers pay an average of $2,211 per year for car insurance, the sixth highest rate in the U.S. This is largely due to high rates of crashes, injuries, and fatalities on Louisiana roads. The state has the fifth highest traffic fatality rate in the nation.

Second, Louisiana has a high rate of uninsured motorists. Around 20% of Louisiana drivers are uninsured, compared to the national average of 12%. This puts insured drivers at greater risk of being involved in an accident with an uninsured motorist who cannot pay for damages.

Third, Louisiana has a unique system for assigning car insurance risk called the “Tort System.” Under this system, drivers can be sued for damages caused in an accident, even if they were not primarily at fault. This tends to drive up insurance costs compared to “No Fault” states.

Louisiana drivers face higher car insurance costs due to high rates of crashes, many uninsured drivers, and the state’s tort system for assigning fault after an accident. While these statistics may be frustrating, there are steps drivers can take to reduce their insurance costs. Shopping around for the best rates, maintaining a clean driving record, and carrying high deductibles are some ways Louisiana drivers can save on car insurance. Being aware of these statistics and their causes can empower drivers to make smart insurance decisions for their specific needs.

The 10 Largest Louisiana Car Insurance Companies

Louisiana drivers have many options when shopping for car insurance. Here are the 10 largest car insurance companies based on market share in Louisiana:

  1. State Farm – State Farm has the largest market share of 17.8% in Louisiana. It is known for affordable rates and a good claims process.
  2. Allstate – Allstate has the second largest market share of 13.5%. It offers many discounts and personalized coverage options.
  3. Progressive – Progressive has a market share of 9.2% in Louisiana. It is popular for its name-your-price tool and usage-based insurance.
  4. Louisiana Farm Bureau – As a Louisiana-based company, Farm Bureau has a sizable 8.5% market share. It offers many discounts for members.
  5. GEICO – GEICO has a 7.7% market share in Louisiana. It is known for affordable rates, 24/7 customer service, and a simple claims process.
  6. USAA – Though it only insures military members and their families, USAA has a 4.8% market share in Louisiana. It is popular for excellent customer service and financial stability.
  7. Liberty Mutual – Liberty Mutual has a 4.6% market share. It offers coverage tailored to individual needs and many additional products.
  8. Southern Farm Bureau – Southern Farm Bureau has a 3.8% market share. Like Louisiana Farm Bureau, it offers discounts for members.
  9. Auto Club Insurance – Auto Club Insurance has a 2.7% market share in Louisiana. It is known for affordable rates, many discounts, and 24/7 roadside assistance.
  10. Nationwide – Nationwide has a 2.3% market share. It offers many discounts, usage-based insurance, and personalized coverage options.