Cheap Auto Insurance in Louisiana

Louisiana has one of the highest car insurance rates in America. So, it wouldn’t be a surprise if many motorists are looking for lower premiums here. Shopping for the best deals would pay well when the premiums are really high. Even you get only 10% savings it would still be a lot of dollars. Considering the Pelican State is one of the poorest states in the US, the savings would mean a lot in real value because it has the affect of increasing spendable income. This logic also works well in favor of teen drivers, motorists who live in expensive zip codes for vehicle insurance and after an accident or traffic violation tickets.

At least living costs appear to be reasonable in this state and number of uninsured drivers at 12% is lower than the national average. It is nice to see that Louisianan drivers still manage to buy at least liabilities coverage when they are facing the most expensive rates in the USA. Sometimes, education work better than fines, penalties and scare tactics. When motorists understand the importance of the protection provided they will try their best to get insured.

Louisiana Auto Insurance Laws and Requirements 

Cheap Auto Insurance in LouisianaHere are the minimum liabilities requirements in Louisiana;

  • $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 the auto insurance and vehicle licensing requirement at Louisiana state website.

Minimum liabilities requirements are lower in this state 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 a more comfortable level. $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 your pocket.

How Much Does Car Insurance Cost in Louisiana?

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

Why are rates so high in Louisiana? Its litigious culture is said to be the main contributing factor for high premiums. The residents file more personal injury lawsuits than in most states. Especially New Orleans Metropolitan area with 1/4 of 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 state average and skew the average rates in the state higher. Another reason for high rates is said to be the poor condition of the roads, pavements and interstates.

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 your premium. Then, your premium can be unbearable since the costs are already high. 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 higher premiums. Fixing your credit score can be one of them.

Cheapest Auto Insurance Companies in Louisiana 

Quotes are narrowly spread in LA in comparison to many other states and yet prices can be twice different between the cheapest and most expensive. So, knowing the cheapest car insurance companies puts you in the right track for a winner quote. Below three companies consistently comes as the cheapest in most cities in LA 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 of the state. However, this doesn’t mean that every policyholder has to pay higher premium. 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 insurers are highly reliable and will be there when you need them. However, you should still make sure that you are insured with one of the top auto 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 by the state before they can sell policies. And you can check their license details pretty quickly through your state’s department. The laws require them to display their license number on their websites and official papers.

Secondly, you can ask around and find out about any insurer you are concerned. Information is the most helpful tool these days and you can find reviews, professional assessments and reports about companies. When you are not sure about a particular policy, insurer or agent 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 a coverage you need and how you should go about finding the best auto insurer. Taking the process step by step eliminates errors as you would be able to check the facts easier.

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