Compare the Cheapest Car Insurance Quotes in Lafayette

The best car insurance companies in Lafayette provide quality service at affordable rates. MoneyGeek analyzed policies with varying coverage limits and different driving histories to help you find the best rates. On average, car insurance in Lafayette costs $2,229 annually, which is lower than Louisiana’s average by 26.7%. Southern Farm Bureau offers the cheapest average policy at $1,320 per year.

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The Cheapest and Best Car Insurance in Lafayette

The Cheapest Car Insurance Companies in Lafayette

Among the best car insurance companies in Lafayette, MoneyGeek found the most affordable full coverage policies are offered by:

  • Southern Farm Bureau: $1,320 per year
  • USAA: $1,351 per year (only available to present and former military members and their families)

Car insurance costs in Lafayette vary between insurers. AAA offers a policy with similar coverage for an average annual rate of $4,034. That’s more than triple Southern Farm Bureau’s typical policy price.

These car insurance prices in Lafayette are for a full coverage policy for a 40-year-old driver with liability insurance to cover third-party costs and comprehensive and collision insurance to cover the driver’s own expenses.

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Average Cost of Car Insurance in Lafayette

Lafayette$2,229
Louisiana$3,041
U.S.$1,424

The typical driver pays an average rate of $2,229 per year for car insurance in Lafayette. Compared to Louisiana's average, which costs $3,041 annually, it’s 26.7% lower. The national average is lower than both Lafayette’s and Louisiana’s rates. The average rate of car insurance in Lafayette is 56.5% higher than the national average, which is $1,424 per year.

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The Best Car Insurance Companies in Lafayette

Excellent carriers don’t just offer affordable rates — they also provide quality service. MoneyGeek evaluated several providers and found that the companies offering the best car insurance in Lafayette are:

  • GEICO: MoneyGeek score of 85 out of 100
  • State Farm: MoneyGeek score of 82.5 out of 100

USAA scored highest but is only available to current and former military members and their families. Overall scores depend on several factors such as affordability, user satisfaction from J.D. Power’s survey results and financial stability.


1
USAA
Score:95

4/5

Affordability

5/5

Claims Ratings

4/5

User Satisfaction

A++

Financial Stability

2
GEICO
Score:85

3/5

Affordability

3/5

Claims Ratings

3/5

User Satisfaction

A++

Financial Stability

3
State Farm
Score:83

3/5

Affordability

3/5

Claims Ratings

4/5

User Satisfaction

A

Financial Stability

4
Travelers
Score:80

2/5

Affordability

3/5

Claims Ratings

2/5

User Satisfaction

A++

Financial Stability

5
MetLife
Score:80

3/5

Affordability

3/5

Claims Ratings

2/5

User Satisfaction

A+

Financial Stability

6
Safeco
Score:78

3/5

Affordability

2/5

Claims Ratings

3/5

User Satisfaction

A

Financial Stability

7
Progressive
Score:78

3/5

Affordability

2/5

Claims Ratings

2/5

User Satisfaction

A+

Financial Stability

8
Allstate
Score:75

2/5

Affordability

2/5

Claims Ratings

2/5

User Satisfaction

A+

Financial Stability

9
Liberty Mutual
Score:75

2/5

Affordability

3/5

Claims Ratings

2/5

User Satisfaction

A

Financial Stability

10
National General
Score:73

3/5

Affordability

2/5

Claims Ratings

2/5

User Satisfaction

A-

Financial Stability

Personalized Quotes to Get You the Cheapest Car Insurance in Lafayette

Car insurance premiums depend on several factors that change over time, such as your marital status, age, credit standing, or how far you drive each year. If you compare personalized quotes regularly, you might find yourself eligible for discounts or rebates, resulting in a lower premium.

Shopping around for car insurance in Lafayette could save you $909, which is enough to buy:


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303Cups of Coffee
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70Months of Your Favorite Streaming Service

Cheapest Car Insurance in Lafayette by Coverage Amount

The amount of coverage you purchase has the most impact on car insurance premiums in Lafayette. If you buy a policy only meeting Louisiana’s minimum insurance requirements, it will cost $1,057 annually on average. In comparison, purchasing a full coverage policy with coverage limits of 100/300/100 costs roughly $2,229 per year. The average price difference between the two policy types is $1,172.

Louisiana Minimum Liability Requirements

  • Item
    Description
  • Bodily Injury and Property Damage
    $15,000 per person, $30,000 per accident and $25,000 for property damage. A more protective level is 100/300/100.

If you’re looking for affordable car insurance in Lafayette, buying a liability-only policy is the cheapest option. You can purchase a liability-only policy with 50/100/50 coverage from Southern Farm Bureau for an annual rate of $931.

50/100/50 coverage means you have protection for damages from bodily injuries up to $100,000 per accident, subject to a $50,000 limit per person. Property damage up to $50,000 is also covered. If you want protection for your own car in an at-fault accident, a full coverage policy is better. For an additional $171, Southern Farm Bureau offers full coverage with the same liability limits for an average of $1,102 per year.

Average Car Insurance Premiums: Liability-Only vs. Full Coverage

Liability Only
Full Coverage
  • Company
    50 / 100 / 50per year
    100 / 300 / 100per year
  • 1.
    Southern Farm Bureau
    $1,102
    $1,320
  • 2.
    USAA
    $1,160
    $1,351
  • 3.
    GEICO
    $1,362
    $1,673
  • 4.
    Allstate
    $1,482
    $1,698
  • 5.
    State Farm
    $1,444
    $1,817
  • 6.
    Progressive
    $2,115
    $2,755
  • 7.
    MetLife
    $2,321
    $2,308
  • 8.
    AAA
    $3,308
    $4,034
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Cheapest Car Insurance in Lafayette if You Have Driving Violations

Having a clean driving record allows you to access cheaper car insurance in Lafayette than a driver with violations on their record. For instance, a Southern Farm Bureau policyholder in this city pays an average of $1,320 for auto insurance, while a driver with a speeding ticket pays roughly $163 more. If you have an at-fault accident, you can add about $347, while a DUI adds an average of $396.

  • Company
    Speeding Ticketper year
    At-Fault Accidentper year
    DUIper year
  • 1.
    Southern Farm Bureau
    $1,483
    $1,667
    $1,716
  • 2.
    USAA
    $1,697
    $1,996
    $1,999
  • 3.
    State Farm
    $1,945
    $2,074
    $1,945
  • 4.
    Allstate
    $2,024
    $2,665
    $2,330
  • 5.
    GEICO
    $2,178
    $2,481
    $4,165
  • 6.
    MetLife
    $3,013
    $3,486
    $5,204
  • 7.
    Progressive
    $3,743
    $4,933
    $4,195
  • 8.
    AAA
    $5,570
    $6,152
    $5,698

Average Cost of Car Insurance by Postal Code

Postal codes allow insurers to determine how risky your neighborhood is. Car insurance in Lafayette for areas where auto thefts or car accidents often happen may be more expensive. The same goes for areas that have higher occurrences of vandalism. You can check how car insurance rates in Louisiana vary depending on ZIP codes.

In Lafayette, however, the price difference between ZIP codes is insubstantial. Those residing in the 70506 area pay an average of $2,220 per year, while those in ZIP code 70508 have premiums averaging $2,238. That’s only an $18 difference.

  • Zip Code
    State Minimumper year
  • 70506
    $2,220
  • 70508
    $2,238

Factors That Impact Insurance Costs in Lafayette

In addition to individual driver needs and history, location-specific factors like the percentage of uninsured motorists and the rate of car thefts also contribute to car insurance rates in Lafayette. How Lafayette ranks compared to the 300 most populous cities in the United States can have a significant impact on premium costs.

accident2 icon
Most Accidents With Fatalities103rd/300
handcuffs2 icon
Most Car Thefts40th/300
uninsured icon
Most Uninsured Motorists by State20th/50
insurance2 icon
Personal Injury Protection RequiredNo
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Most Annual Rainfall15th/300
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Most Rainy Days129th/300

Methodology and Assumptions

MoneyGeek’s average premium rates for Lafayette are based on 100/300/100 comprehensive collision coverage with a $1,000 deductible for a 40-year-old male driver. The average driver profiled drives a 2010 Toyota Camry LE and has no tickets or accidents on their record. Additional premiums are added based on coverage type, location and driving record. Learn more about MoneyGeek’s data and methodology here.

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About the Author


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The MoneyGeek editorial team has decades of combined experience in writing and publishing information about how people should manage money and credit. Our editors have worked with numerous publications including The Washington Post, The Daily Business Review, HealthDay, and Time, Inc., and have won numerous journalism awards. Our talented team of contributing writers includes mortgage experts, veteran financial reporters, and award-winning journalists. Learn more about the MoneyGeek team.


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