Affordable Vehicle Insurance in Louisiana

It has one of the highest car insurance rates in America. So, it wouldn’t be a surprise if many motorists are looking for affordable premiums in Louisiana. Shopping for the best deals would pay well when buying costly goods and services. Even if you get only 10% savings it would still be a lot of dollars. Considering the Pelican State is one of the poorest in the US, the savings would mean a lot in real value because it has the effect of increasing spendable income. This logic also works well in favor of teenagers, motorists who live in risky zip codes and after an accident or traffic violation tickets.

At least living costs appear to be reasonable here and the number of uninsured drivers at 12% is lower than the national average. It is nice to see that drivers still manage to buy at least liability coverage when they are facing the most expensive prices in the USA. Sometimes, education works better than fines, penalties and scare tactics. When motorists appreciate the importance of the protection provided they would try their best to get it.

Louisiana Auto Insurance Laws and Requirements

Collection of Pictures from LouisianaHere are the minimum liability limits set and enforced by the authorities;

  • $15,000 for bodily injury or death per person.
  • $30,000 total for bodily injury or death per accident.
  • $25,000 for property damage.

You can check updates and vehicle licensing requirements at the official website.

Minimum liabilities requirements are lower than many others. Surprisingly this does not prevent the state from topping the most expensive rates chart. Regardless, it is highly advisable that you increase the level of coverage to more comfortable zones for extra peace of mind. $30,000 basic coverage for injuries does not really go far in case of serious accidents. Hospital expenses are sky high and you don’t want to end up paying for injuries to third parties out of pocket.

Automobile Insurance Costs in Louisiana

Average premium spending is $1,146, which is over $300 more than the US average of $841. Estimated cost of full coverage is $1,842. That means drivers need to pay another $700 for insuring vehicles properly. Overall, Louisiana is one of the top 5 most expensive states in the country for car insurance. Drivers here must be the first in line if anyone is offering help on how to reduce policy prices.

Let’s have a look at the reasons behind expensive premiums here and see if it is mainly external factors or there is something you could do about them. Its litigious culture is said to be the main contributing factor. The residents file more personal injury lawsuits than in most others. Especially the New Orleans Metropolitan area with 1/4 of the state’s population is heaven for trial lawyers seeking cases on no win no fee basis. This is probably the main reason why rates in metro New Orleans are around 50% higher than the average and push the overall rates up. Another contributory factor is said to be the poor condition of the roads, pavements and highways. They can surely cause more accidents but may actually make drivers to be more cautious and reduce speed too.

Living in one of the most expensive states for vehicle insurance sucks. It is easier to blame others or other factors but a few things that you do can either exacerbate or alleviate the situation for you. For example, buying a high risk or easy to steal automobile can quickly double or triple premiums. Then, it can be unbearable since the costs are already burdensome. So, it is always a good idea to look at your risk profile and see if you can eliminate some of the reasons why you may be charged more. Fixing your credit score can be one of them.

Most Affordable Auto Insurers in Louisiana

Quotes are narrowly spread here in comparison to how it usually fluctuates elsewhere and yet prices can be twice different between the two extreme ends. So, knowing who offers the cheapest coverage puts you on the right track for a winner quote. Below three companies consistently come as the cheapest in most cities including, New Orleans, Baton Rouge, Shreveport and Lafayette.

  1. GEICO, $1,023
  2. Louisiana Farm Bureau, $1,438
  3. State Farm, $1,548

Your zip code affects the premium you are charged and this is most notable in metro New Orleans where you pay around 50% more than the rest. However, this doesn’t mean that every policyholder has to spend large sums. You can manage to find quotes lower than the state average even in New Orleans if you have good driving records, make sure to qualify for a few other discounts and shop around attentively.

Of course the price isn’t everything but it is sensible to start with finding cheap quotes. At least, this approach makes sure that premiums are reasonable and affordable. Majority of the US carriers are highly reliable and will be there when you need them. However, you should still make sure that you are with one of the top automobile insurance companies for paying claims and customer service.

Most importantly, you should make sure that you don’t fall victim to some impostors who try to sell you a policy even though they are not licensed to do so. Every agent, broker and company must be licensed before they can sell policies. And you can check their license details pretty quickly. The laws require them to display license numbers on their websites and official papers.

Secondly, you can ask around and find out about any company you are concerned about. Information is the most helpful tool these days and you can find reviews, professional assessments and reports about them. When you are not sure about a particular policy or provider you should step back and look into the deal you are being offered.

Finding a truly good deal is not as hard as you think. However, these things cannot be rushed through. You need to get your papers together and take a little time to determine what sort of coverage you need and how you should go about finding the best vehicle insurer. Taking the process step by step eliminates errors, as you would be able to check the facts easier.