While Louisiana has some of the best food, music, and festivals in the country, it’s not an ideal place to drive. Louisiana residents pay an average of $ 2,389 per year for auto insurance. This is the second highest in the nation and 50% higher than the average insure.com.
What causes such high premiums? Who Are the Best Auto Insurers in the State and What Characteristics Should You Look For If You Live in Bayou State?
Compare deals on auto insurance in Louisiana
Summary: Best Car Insurance in Louisiana
|providers||Best for||Average premium
(Monthly price for 25-year-old women who drive 17 Jettas without previous accidents)
|Progressive||Budget buyer||$ 170.44|
|Gabi||Comparison purchase / automatic re-purchase||Varies|
|Liberty Mutual||Bundle house / tenant and car||$ 357.00|
|District farm||Good drivers and good students||$ 314.33|
|Allstate||New car buyers||$ 308.00|
Above average premiums
The average premiums were calculated using the following dummy profile:
- Jennifer, 25 years old, is single, employed and has no previous accidents.
- She rents a 2017 Volkswagen Jetta 1.4 SE.
- She rents an apartment at 70817 (Baton Rouge).
- She chooses all applicable discounts and telematics programs (Progressive Snapshot, etc.).
Jenny’s prices are different from yours. Every insurance company calculates the risk and thus the premiums differently. So while Progressive Jenny was offering bonuses for half The price for what Liberty Mutual offered her could be the opposite experience.
The only way to really find the best price for your unique situation is to go shopping!
If your main concern is low rates, Progressive might be the provider for you. Their premiums tend to undercut the competition, as their self-confident price comparison tools show. They actually display competing quotes alongside their own.
If you want to maximize your coverage within a certain budget, Progressive has a quote your price tool that shows you what you can afford. This optional reverse approach removes the downright awkward puzzle of manipulating your coverage ratios until the algorithm spits out a magic number.
Rest assured that while Progressive strives to undercut price competition, it is not an unscrupulous “budget” provider. The customer service, the online tools and the Snapshot telematics program are among the best in the industry.
Learn more about Progressive or read our full review.
OK, so Gabi isn’t providers per se, but they are totally worth mentioning here because they will save you a lot of money.
Gabi is a tool for comparing insurance prices. Yes, they will help you compare offers for auto and other types of insurance. This is inherently useful, but not particularly. What makes Gabi so great is that once you take out insurance, you can upload your terms and premiums to the website and they will automatically try to find a cheaper rate for you when your policy approaches.
As a result, 70% of Gabi users save money with the same coverage, and overall, the platform saves users an average of $ 961 per year. So if you decide to take out insurance, be sure to upload your policy to Gabi.
Learn more about Gabi or read our full review.
Founded in 1912, Liberty Mutual is an experienced and trusted insurance giant that has a lot to offer Louisiana residents. Their auto insurance rates start out high but fall into a competitive range once their generous discounts are applied. The 24-hour customer service and the robust online portal ensure that their customers are satisfied and loyal.
The main reason Liberty Mutual is such a strong competitor to Louisiana residents is because of the huge discounts it offers on personal and auto bundles. Louisiana ranks 17th in the nation for the most expensive home insurance, largely due to inclement weather. However, if you pool your home / tenants and your car together with Liberty Mutual, you can save up to 25%.
Learn more about Liberty Mutual or read our full review.
Esurance is an Allstate sub-brand targeting young drivers who are less interested in stationary locations and live agents and who simply want to get insurance online. Because of the low overhead, Esurance can offer below average premiums and has some of the best online tools in the industry for managing your bills, accounts, and coverage.
Particularly noteworthy is her coverage counselor, an A.I. Tool to help you navigate the different types of insurance and choose coverage levels that are appropriate for your specific needs. This is especially useful for residents of Louisiana because the state has such a diverse geography and population density.
For example, if you live on the coast (or on a popular parade route), you may want to upgrade your comprehensive coverage to cover damage to your car while it is parked.
Learn more about Esurance or read our full review.
Like Liberty Mutual and Allstate, State Farm is another insurance company that is constantly innovating to stay competitive. Though most insurance giants try to target anyoneA perusal of their discounts often reveals a specific demographic that they are trying to attract.
In State Farm’s case, it’s young drivers with safe driving habits and good grades. In total, they have almost a dozen discounts for safe driving and good students, which when combined, absolutely lower the premiums. When you register for the Drive Safe and Save telematics program and You save even more with the Steer Clear driver program.
So if you take classes in Louisiana and have better street manners than I do, you will likely pay well below average when you insure with State Farm.
Learn more about State Farm or read our full review.
Louisiana is a difficult environment for a brand new car. In terms of road quality, the state ranks 34th nationwideThere is a risk of salt corrosion on the coast, and even if you live hundreds of miles inland, your shiny new wheels are still not protected from the bad weather of the state.
Fortunately, Allstate has coverage options that are ideal for protecting your new car. First, they offer a new car replacement that will replace your new car with an identical one in the event of a total loss. Second, they offer a 15% new car discount on your premiums. straight for driving a new car.
So, if you’re looking to drive a brand new car in Louisiana, Allstate is an ideal provider to help protect your new investment.
Learn more about Allstate or read our full review.
Who Has the Best (and Cheapest) Auto Insurance in Louisiana?
Auto insurance premiums depend on hundreds, sometimes thousands, of factors ranging from your address to marriage status to your marriage where to shop for groceries. Each provider has its own algorithm for calculating your premiums and each weighs the risk of insuring you differently. To illustrate, the first two offers I received to insure my Miata 2001 for six months were $ 203 and $ 1,189, respectively.
Because of this, it would be misleading for me to say that the XYZ provider has the cheapest deals in Louisiana. Instead, above is a curated list of vendors, all of whom offer excellent customer service. general Good prices and features that will appeal to Louisiana drivers.
Louisiana Minimum Coverage Requirements for 2020
A look at Bayou State’s minimum insurance requirements shows why insurance is so expensive here. They are a bit taller and more extensive than other states, but it is defect a certain type of coverage that drives the premiums much higher.
- Personal Injury Cover – $ 15,000 per person and $ 30,000 per accident.
- Property damage insurancee – $ 25,000 per accident.
- Uninsured bodily harm to the driver – $ 15,000 per person and $ 30,000 per accident.
- Medical payments – – $ 1,000.
Please refer to the MU30 for more information on types of auto insurance Auto insurance definitions, but here is a brief overview of these four types.
Let’s say you cause an accident. They damage your car, the other person’s car, and someone else’s fence.
Injury coverage applies to everyone otherwise Medical bills and lost wages (excluding your own). Property damage coverage applies to repairs to the other driver’s vehicle and the fence, but not to your own car. Finally, medical payments, or “medical payments”, cover your own medical expenses.
If the other driver is at fault and doesn’t have insurance to cover your expenses, your uninsured bodily harm will only cover your medical bills and lost wages. You’ll need to get your own collision insurance or file a lawsuit to cover the cost of your property damage.
When stopped in Louisiana
Louisiana isn’t soft on uninsured drivers. If you are caught driving without proof of insurance, you face the following penalties:
- An immediate fine of up to $ 1,000.
- Revoke registration and license.
- Vehicle confiscated.
- Reinstatement fees and vehicle storage / seizure fees.
In addition, you’ll need to get insurance while your license is suspended by the state extremely expensive and can increase your prices for up to a decade.
Finally, if you drive and you are not insured Victim In the event of an accident, the state will prevent you from claiming damages from the other driver.
It goes without saying that driving without insurance in Louisiana is an extremely costly crime. A single accident can cost you even if it is not your fault Hundreds thousands of dollars in damage, increased insurance rates, lost wages, and medical bills.
Louisiana is Not a no-fault insurance state
The reason Louisiana insurance is so expensive among the environmental factors above is because LA has one of the highest rates of personal injury claims in the country. Since the minimum government requirements do little to cover everyone’s medical bills in the event of an accident, motorists often sue each other’s insurance companies for compensation.
To compensate for these frequent and costly litigation, insurance companies are required to charge all policyholders much more premiums. This is the exact reason some states have put in place a “no-mistake” system where you (with a few exceptions) cannot file personal injury lawsuits against the other driver’s insurance company. Instead, your insurance company would cover your medical bills regardless of who was to blame. This is also known as personal injury protection or PIP insurance.
Louisiana hired a task force to find ways and propose ways to lower the state’s high auto insurance premiums. However, their proposal was not adopted in May 2019.
Teen driving in Louisiana
Louisiana is unique in that they don’t offer a restricted license to 16 year olds. To qualify for a permit, you must be at least 15 years old and have completed 30 hours of state-sanctioned drivers, including eight hours of driving time. At the age of 17 you can then apply for an unrestricted license.
If last May’s failed attempt to cut nationwide premiums is any sign of it, Louisiana auto insurance will remain very expensive for a very long time.
Fortunately, there are vendors that offer prices and features that are ideal for motorists in Louisiana. If you start your bidding process with the four vendors on my list, you’ll end up saving hundreds to tuck into your rainy days (or carnival) fund.