How Much Is Car Insurance in Louisiana? (July 2024)

In Louisiana, the average annual cost of full coverage car insurance is $2,170. For minimum coverage, the average cost is $764 per year.

To determine your car insurance cost, insurance providers consider various factors like age, coverage level, where you live, your driving record, and your credit history. Remember that having good credit and a clean driving record can lead to more affordable rates.

The average cost of full coverage car insurance in Louisiana is $2,170 per year. When comparing car insurance quotes, understanding the average costs can help you better assess whether you're receiving a cost-effective offer from your insurer.

Below is a summary of Louisiana's average car insurance rates for full coverage or minimum coverage policies.

The cost of minimum coverage car insurance in Louisiana is around $764 per year, which is more expensive than the national average cost of $595 per year for the same level of coverage. Factors contributing to Louisiana's higher costs include its legal system that allows more lawsuits following car accidents, the high number of uninsured drivers, and severe weather conditions that can lead to more claims and higher costs for insurers.

Car insurance premiums can vary significantly from one company to another, even within the same state. In Louisiana, Louisiana Farm Bureau offers the cheapest full coverage option at $980 per year, while Allstate has the priciest average premium at $4,112 per year. Comparing quotes can help you find the cheapest car insurance in Louisiana, which can lead to savings on insurance costs.

The cost of car insurance in Louisiana is also influenced by the chosen level of coverage. For instance, the average monthly cost for minimum coverage is $64, while full coverage costs about $181. Though more costly, full coverage is typically recommended because it provides comprehensive protection for a variety of incidents.

Adding comprehensive and collision coverage to your insurance policy raises your premium, but opting for higher deductibles can offset this increase. Remember, the deductible amount applies individually to each comprehensive and collision claim.

In Louisiana, the minimum car insurance requirements include $15,000 for bodily injury per person, $30,000 for bodily injury per accident and $25,000 for property damage per accident.

Your car insurance premiums are affected by which Louisiana city you live in. Full coverage in Shreveport costs $1,450, while it costs $2,328 in New Orleans.

Car insurance rates in Louisiana vary due to factors like local traffic conditions, the probability of theft and weather risks in the area. Other key determinants include the driver's history and the city's legal insurance requirements.

Age significantly influences car insurance costs in Louisiana. Drivers age 22-29 can expect to pay the highest premiums, often averaging $2,630 annually. Teenage drivers and drivers aged 22 to 29 typically face the highest insurance premiums due to their lack of driving experience, which leads to a higher risk of accidents. As driving experience increases, premiums usually decrease.

Drivers in the 30 to 59 age group enjoy more affordable rates. However, car insurance premiums increase again slightly for drivers 60 and over.

Age and gender significantly impact car insurance rates in Louisiana, with 16-year-old male drivers experiencing the highest premiums. On average, adding a 16-year-old male to a family policy costs $7,393 per year, while opting for an individual policy raises the premium to $12,523. Teenagers under 18 cannot legally purchase car insurance without a guardian.

The average annual cost for full coverage car insurance for a 2012 model is $1,970, while the same coverage skyrockets to $2,368 for a 2022 model. This increase is due to the higher actual cash value of newer models, costlier repairs and the greater risk of theft associated with them.

Drivers with newer models should consider comprehensive and collision coverage. These coverages offer financial protection against various incidents, including accidents, theft and natural disasters.

The average cost of car insurance in Louisiana can vary widely depending on your driving record. Here's what you might expect to pay for a full coverage policy:

• With a ticket: $2,719 per year, $227 per month
• With an at-fault accident: $3,192 per year, $266 per month
• With a DWI: $3,206 per year, $267 per month

Your driving violation can significantly affect the price of your car insurance. In Louisiana, the more serious the violation, the more you'll pay; this higher cost sticks with you as long as the violation is on your record. For instance, a DWI can stay on your driving record in Louisiana for ten years, and an at-fault accident can affect your premiums for about 3 to 5 years.

You can look through the table below by coverage and age group to find out the average cost of car insurance in Louisiana for different driving histories.

Louisiana drivers can expect their car insurance premiums to vary significantly based on their credit score, with average annual costs ranging from $1,597 for excellent credit to $2,993 for poor credit.

A good credit score is usually from 670 to 739. Higher scores indicate better credit decisions and can lead to more affordable insurance rates, while lower scores may result in higher premiums.

Driving in Louisiana can come with various insurance costs. Here are some factors that influence the average cost of car insurance in the Pelican State:

• Driving Record: Safe drivers are often rewarded with lower insurance rates. Traffic violations, accidents or DUIs on your record could increase your premiums significantly.

• Age and Experience: Younger, less experienced drivers typically face higher insurance costs in Louisiana due to their statistically higher risk of accidents.

• Credit Score: A higher credit score could help you obtain more affordable car insurance rates, as insurers often view a good credit history as an indicator of responsible behavior.

• Vehicle Type: The make, model and year of your vehicle can impact your insurance rates. High-performance or luxury vehicles may carry higher premiums.

• Coverage Level: Opting for more than the state minimum coverage — such as adding comprehensive insurance and collision insurance — can increase your rate, but it also offers better protection.

• Location: Rates can vary depending on where you live in Louisiana, with drivers in high-traffic or urban areas often paying more.

• Claims History: Insurers may consider you a higher risk if you've made car insurance claims in the past, which can lead to increased rates.

• Marital Status: Married individuals may see lower rates due to perceived stability and lower risk-taking behaviors.

Remember, shopping around and comparing quotes can help you find the most affordable plan that meets your needs.

To secure affordable car insurance in Louisiana, compare quotes from multiple insurers, opt for a higher deductible and utilize all eligible discounts.

Understanding the average cost of car insurance in Louisiana is important for budgeting and financial planning. Get informed on the financial considerations of insuring your vehicle in the Pelican State.