How Much Is Car Insurance in Louisiana? Rates by Coverage Level, Age, Driving History and Location

The average cost of car insurance in Louisiana is $3,041 annually; it’s the third most expensive in the United States and just over two times the national average cost of $1,424 per year. These averages are for many companies and locations for one sample driver.

For this guide, MoneyGeek broke down averages by coverage level, age, driving history, credit score and location.

Loading...

Car insurance rates in Louisiana are expensive. The average cost of a full coverage auto policy for a 40-year-old with a clean driving record in Louisiana is $3,041 per year.

The same 40-year-old driver pays an average of $1,407 per year when buying a policy that meets the state’s minimum required auto insurance coverage. However, these prices vary according to the driver’s profile. A young driver with a full coverage policy pays an average of $8,852 per year — significantly more than an experienced driver.

MoneyGeek has broken down the average costs for car insurance in Louisiana by different factors to help you see how costs change.

Average Cost of Car Insurance in Louisiana: Summary

MoneyGeek researched the factors that significantly affect the cost of car insurance to gather the average car insurance costs in Louisiana.

The driver’s record is always a factor, but in Louisiana, age and credit score significantly affect car insurance costs. Location and the level of coverage purchased also determine auto policy rates.

Average Costs of Car Insurance in Louisiana

Scroll for more

swipe icon

Why Are Car Insurance Rates Expensive in Louisiana?

MoneyGeek’s research shows that Louisiana is the third most expensive state for car insurance among all other states in the country because of its traffic density, vehicle theft rates and urban population as a share of its total population.

In Louisiana, motor vehicle theft occurs at a rate of 230.5 per 100,000 people, and about 73% of the population lives in urban areas. The state also ranks 17 for highway traffic density. All of these may contribute to expensive car insurance premiums in Louisiana.

Average Cost of Car Insurance in Louisiana: Full Coverage vs. Minimum Coverage

A full coverage auto policy in Louisiana costs $3,041 annually on average, and a policy meeting the state’s minimum coverage has an average cost of $1,407 per year. There is a significant difference of $1,634 annually between the policies.

The cost of car insurance in Louisiana largely depends on the extent of coverage. If you buy general liability coverage, you pay less for your auto insurance. If you choose a full coverage policy that includes comprehensive and collision insurance, you pay a higher insurance premium for the extra protection.

Average Cost of Car Insurance in Louisiana by Coverage Level

Minimum vs. Full Coverage Car Insurance Costs in Louisiana - By Company

A big factor that determines car insurance rates is the choice of your insurance company, as every company in Louisiana will quote a different rate.

MoneyGeek’s data shows that Southern Farm Bureau offers the most affordable full coverage auto insurance and minimum liability coverage auto policies in Louisiana.

USAA is a great option for less expensive car insurance in Louisiana for military families. It offers the cheapest liability-only car insurance in the state and the lowest full coverage policies.

MetLife offers the most expensive auto policy in Louisiana for the minimum required liability coverage, while AAA is the priciest option for a full coverage policy.

Average Annual Costs of Car Insurance in Louisiana - By Company

Scroll for more

swipe icon
Loading...

How Much Is Car Insurance in Louisiana by Age

Age plays a significant role in car insurance costs in Louisiana. Young drivers in Louisiana often get high insurance quotes since they are inexperienced and may cause accidents; insurance companies consider them risky drivers.

MoneyGeek research shows a difference of an average of $5,811 per year between the cost of a 16-year-old’s full coverage auto policy compared to a 40-year-old.

Young drivers or teens in Louisiana can save money on insurance premiums if they join their parent’s car insurance policy instead of getting their own.

If you’re a first-time driver looking to buy car insurance, you get quotes similar to teenagers, as insurance companies treat first-time drivers similar to young drivers.

Average Costs of Full Coverage Car Insurance in Louisiana - By Age

Scroll for more

swipe icon
  • Age
    Annual Premium
  • $8,852
  • $7,935
  • $7,028
  • $7,277
  • $6,545
  • $5,129
  • $4,734
  • $4,315
  • $4,076
  • $3,796
  • $3,536
  • 40
    $3,041
  • $3,394

How Does Driving History Affect Car Insurance Costs in Louisiana?

Your driving record considerably affects your car insurance costs in Louisiana. If you have a bad driving record with multiple road violations, you will get expensive car insurance quotes in Louisiana as insurance companies consider you a high-risk driver. However, by looking around, you can still find many less expensive car insurance options.

MoneyGeek’s research shows that in Louisiana, people with a speeding ticket pay an average of $784 more than those with a clean driving record. The cost difference goes up with the severity of the violation. An accident could cost you $1,418 more per year on your Louisiana car insurance rate.

Average Costs of Full Coverage Car Insurance in Louisiana - By Driving History

Scroll for more

swipe icon
  • Driving Violation
    Annual Premium
  • Safe Driver
    $3,041
  • Speeding Ticket
    $3,825
  • At-Fault Accident
    $4,459
  • DUI
    $4,953

Credit Scores and the Cost of Car Insurance in Louisiana

MoneyGeek’s analysis shows that people with poor credit scores in Louisiana pay an average of $3,310 more every year on their auto policy compared to someone with a good credit score. With an excellent credit score, you pay an average of $875 less per year than someone with a good credit score.

A good or excellent credit score can save you a great deal on your auto insurance premium, while your insurance expense will be higher with a bad credit history. However, there are still many cheap options for people with a bad credit score that need auto insurance in Louisiana.

Average Costs of Full Coverage Car Insurance in Louisiana - By Credit Score

Scroll for more

swipe icon
  • Credit Score
    Annual Premium
  • Excellent
    $2,689
  • Good
    $3,564
  • Fair
    $4,417
  • Below Fair
    $5,504
  • Poor
    $6,874

How Much Is Car Insurance in Your City?

Car insurance costs are different in every state. However, due to various factors, they can vary within a state too.

MoneyGeek’s research shows that New Orleans has the most expensive car insurance rates in Louisiana at an average cost of $3,380 per year, higher than the average insurance cost in the state of $3,041.

Shreveport offers the cheapest average car insurance costs in Louisiana at an average cost of $1,791 annually. That’s over 40% cheaper than the average insurance cost in Louisiana.

If your Louisiana city is more prone to natural disasters or is densely populated, expect higher insurance premiums.

Average Costs of Full Coverage Car Insurance in Louisiana - By City

Scroll for more

swipe icon

Frequently Asked Questions About Louisiana Car Insurance Rates

These frequently asked questions about Louisiana car insurance rates will give you a better idea of what influences the cost of car insurance policies in the state.

Methodology

Car insurance quotes in Louisiana were collected in collaboration with Quadrant Information Services. The policies were for a 40-year-old driver with a safe driving record acquiring full coverage unless altered by the factors described above, including coverage level, age, location, driving violations and credit score. The details of the full coverage policy are described on our methodology page.

We also collected data on highway traffic density, uninsured motorists, urban share of population and motor vehicle theft rates:

  • Highway traffic density was calculated with 2019 data from the Federal Highway Administration
  • Data on uninsured motorists was drawn from 2019 data from the Insurance Research Council
  • Urban share of population was calculated using the latest data from the U.S. Census Bureau
  • Data on motor vehicle theft rate was drawn from the FBI Crime in the United States Report for 2019

About the Author


expert-profile