The most affordable insurer for you depends on your needs. State Farm is the best insurer for customer service and is the cheapest for minimum coverage insurance, teen drivers and those with a DUI. Louisiana Farm Bureau offers the cheapest rates for full coverage policies, drivers with speeding tickets and those with at-fault accident offenses. For military families, USAA offers the cheapest coverage.
Cheapest and Best Car Insurance in Lafayette, LA
Cheapest Minimum Liability Car Insurance in Lafayette
These companies offered the cheapest minimum coverage auto insurance in Lafayette:
- State Farm: $579 per year
- Louisiana Farm Bureau: $587 per year
Allstate provides the most expensive minimum coverage insurance, with average annual rates of $1,341. Louisiana Farm Bureau has the cheapest minimum auto insurance in Louisiana, with an average annual premium of $478. This indicates that location can have an impact on pricing.
State laws establish minimum coverage liability limits. Louisiana's minimum car insurance includes the following coverage amounts for bodily injury and property damage:
- $15,000 bodily injury liability per person
- $30,000 bodily injury liability per accident
- $25,000 property damage liability per accident
Liability-only insurance only covers costs related to injuries sustained by the other driver or any passengers in the case of an accident. If you have minimum coverage and are responsible for an accident, your insurance company will pay up to $15,000 per person and $30,000 per accident in medical expenses. You will be responsible for paying for any additional expenses.
Cheapest Full Coverage Car Insurance in Lafayette
According to MoneyGeek's study, the following companies offer the cheapest full coverage auto insurance in Lafayette:
- Louisiana Farm Bureau: $1,171 per year
- State Farm: $1,257 per year
Allstate offers the most expensive rates in the city, with full coverage costing an average of $3,502 per year. With average annual rates of $1,015, which is cheaper than its rates in Lafayette, Louisiana Farm Bureau also offers the cheapest full coverage auto insurance in Louisiana, demonstrating that premiums can change depending on where you live.
Full coverage insurance is an excellent option if you want maximum protection and savings. It includes:
- Collision coverage: Covers damages in the event that your car collides with another car in a covered accident.
- Comprehensive coverage: Covers vehicle damages caused by non-collision incidents such as vandalism, theft or hail.
Full coverage policies offer complete protection, which ensures more financial stability. If your automobile is an older model, it may not be sensible to pay more annually for additional coverage.
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Cheapest Car Insurance in Lafayette After a Driving Offense
The following firms offer the cheapest car insurance in Lafayette for drivers with driving offenses:
- Speeding ticket: Louisiana Farm Bureau ($1,371 per year)
- At-fault accident: Louisiana Farm Bureau ($1,537 per year)
- DUI: State Farm ($1,439 per year)
AAA offers the most expensive insurance rates for drivers with a speeding ticket and at-fault accident at around $4,028 and $4,558 per year, respectively. Allstate is the more expensive option for drivers with a DUI at roughly $4,396 per year. Even the most affordable insurance premiums may be affected by a driver's driving record.
Insurance premiums rise based on the severity of the driving offense. In Lafayette, your insurance rates will increase by around $408 more if you get a DUI vs. a speeding ticket. It is possible to acquire the cheapest car insurance with a bad driving record by shopping around.
Cheapest Car Insurance in Lafayette for Teens and Their Families
The following are the cheapest auto insurance companies in Lafayette for teen drivers:
- State Farm: $4,644 per year for female teens; $5,781 per year for male teens
- GEICO: $6,695 per year for female teens; $7,208 per year for male teens
Allstate has the highest rates in Lafayette for teen females and males, at around $8,022 and $9,116, respectively. Male teens are charged more than female teens because they are deemed to be a greater risk, but this is not always the case. In Lafayette, State Farm charges male teen drivers roughly $1,158 more than female teen drivers. This difference goes away in early adulthood.
The cost of teen auto insurance is far higher if they get coverage independently, so it makes sense to add them to the family policy. For example, Lafayette costs roughly $4,767 more for a single insurance policy for a male teen than if the teen is added to a family insurance policy.
Families who compare rates can find the cheapest teen auto insurance and save more annually.
Cheapest Car Insurance in Lafayette for Military Drivers
The following companies offer the cheapest auto insurance for current and former military members in Lafayette:
- USAA: $1,089 per year
- Louisiana Farm Bureau: $1,171 per year
The above rates reflect full coverage policies. With a singular focus on the military community across the country, USAA is recognized as the leading full coverage auto insurance provider in Lafayette. If you choose minimum coverage, USAA is also the most cost-effective option, at around $507 annually, then State Farm comes in second at an average of $579 annually.
How to Compare Cheap Lafayette Car Insurance Quotes Online
It may be time-consuming to obtain online auto insurance quotes from Lafayette providers due to the need to enter a ton of personal information. The process could take 15 minutes per insurer.
MoneyGeek's insurance calculator quickly determines your rates based on your coverage, age, vehicle type and driving record.
Auto Insurance Calculator
See how the Average Annual Auto Insurance Rates vary with the options chosen.
Best Car Insurance in Lafayette: Summary
Depending on your preferences, there may be a number of options for the best auto insurance. The best auto insurance providers in Lafayette include:
- Best overall: State Farm (MoneyGeek score 75 out of 100)
- Best for service: State Farm (MoneyGeek score 58 out of 100)
- Best cheap: State Farm (MoneyGeek score 78 out of 100)
Differences in scores can be attributed to changes in category weightings. State Farm also offers the best car insurance in Louisiana.
With USAA, veterans or service members may be able to find a good auto insurance policy. The company received an 85 out of 100 MoneyGeek score.
Best Overall Car Insurance in Lafayette
MoneyGeek found that the following providers offer the best car insurance in Lafayette:
- State Farm: MoneyGeek score 75 out of 100 ($1,257 per year)
- GEICO: MoneyGeek score 70 out of 100 ($1,598 per year)
State Farm earned outstanding scores for affordability and customer satisfaction, cementing its position as Lafayette's best auto insurance provider.
We recommend that drivers with a military background explore USAA’s auto insurance. It has an 85 out of 100 MoneyGeek score and offers affordable rates in Lafayette.
How was this MoneyGeek score calculated?
Among the most affordable insurers in Lafayette
Received excellent scores for customer satisfaction
Offers rideshare insurance and roadside assistance
Claims management is subpar
Does not offer some common coverages
With a MoneyGeek score of 75 out of 100, State Farm is the best auto insurance provider in Lafayette. It has received outstanding scores for customer satisfaction and affordability. However, the insurer received poor scores for claims management.
In terms of add-ons, State Farm offers roadside assistance coverage. This pays for up to one hour of mechanical labor at the scene of a breakdown, towing to the nearest place where repairs can be made, delivery of gas, oil, battery or tire change and up to one hour of locksmith service to unlock a covered vehicle if its key is lost, stolen or locked inside.
State Farm's rideshare insurance ensures that your personal auto policy's medical, emergency roadside assistance and rental car reimbursement coverage stay in effect when you work for a ridesharing operator. Your personal policy deductible applies, even if you are driving for a TNC. However, State Farm lacks many of the most typical coverages, like gap insurance, accident forgiveness and deductible modification.
Best Car Insurance in Lafayette for Customer Service
Excluding MoneyGeek's evaluations on affordability, our analysis found the best auto insurance in Lafayette in terms of customer service:
- State Farm: MoneyGeek score 58 out of 100 ($1,257 per year)
- GEICO: MoneyGeek score 57 out of 100 ($1,598 per year)
State Farm obtained high ratings for customer service and affordability. This shows that policyholders can get the best customer service while also paying affordable rates.
How was this MoneyGeek score calculated?
Excellent scores for customer satisfaction and affordability
Offers rental car and/or travel reimbursement
Low ratings for claims management
Few coverages and discount options
State Farm balances customer satisfaction and affordability, making it the best auto insurance provider in Lafayette, LA, in terms of customer service. In terms of coverage options, State Farm received below-average ratings. This insurer offers only three types of coverage, including roadside assistance, ridesharing insurance and rental car and/or travel reimbursement.
State Farm's rental car and/or travel reimbursement covers car rental fees up to set limits, travel expenditures (meals, accommodation and transportation) up to $500 and deductible repayment up to $500 if you cause an accident while driving a rental car.
State Farm provides roadside assistance coverage that pays for mechanical labor, towing, delivery of gas, oil, battery or tire replacement and locksmith services. State Farm also offers multiple discounts, including daytime running lights, bundling, safe driving, good student, new vehicle and more.
Best Cheap Car Insurance in Lafayette
Here are MoneyGeek's top picks for the best cheap auto insurance in Lafayette that meet the state's minimum coverage requirements:
- State Farm: MoneyGeek score 78 out of 100 ($579 per year)
- GEICO: MoneyGeek score 76 out of 100 ($606 per year)
The cheapest minimum coverage policies may only give a limited level of protection and will not cover collision-related damages or defend you against liability claims.
How was this MoneyGeek score calculated?
An affordable minimum coverage policy that costs around $579 per year
Offers a wide range of unique discounts (daytime running lights, anti-lock brakes, new vehicle, etc.)
Excellent customer satisfaction rating
No pay in full or paperless discounts
Below-average claims management rating
State Farm was named the top cheap auto insurance in Lafayette, LA, due to its affordability, excellent customer service and generous discount offerings. The insurer provides a wide list of standard and special discounts that Lafayette drivers can take advantage of.
State Farm offers standard discounts. These include safe driving, multiple cars, anti-theft systems, good grades, defensive driving and bundling. This car insurance provider offers a daytime running lights discount, which is uncommon among other insurers, for vehicles equipped with factory-installed daytime running lamps (DRLs)
State Farm also offers an anti-lock brakes discount for vehicles equipped with anti-lock brakes from the manufacturer. If your car was built in 1994 or later, you can even get a new car discount on medical payments coverage from this insurer.
Average Cost of Car Insurance in Lafayette
In Lafayette, the average annual cost of full coverage auto insurance is $1,645. This rate is less than the average annual cost of auto insurance in Louisiana and more than the national average annual cost of auto insurance.
These rates are for full coverage insurance with limits of $100,000 per accident, $300,000 per person and $100,000 per person for bodily injury liability and property damage liability. Location is only one of many factors that influence auto insurance premiums.
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