Cheapest Car Insurance and Best Insurers in New Orleans

New Orleans drivers pay an average of $1,965 per year for minimum coverage and $4,542 per year for full coverage. New Orleans has some of Louisiana's highest rates, driven by frequent hurricanes, flooding risk and high vehicle theft rates. Comparison shopping gives you confidence that you're getting the lowest rates.

• Cheapest minimum liability coverage: Farm Bureau has New Orleans' cheapest minimum coverage at $953 per year ($79 monthly). That's 52% lower than the city average of $1,965, saving you $1,012 annually. GEICO ranks second for minimum coverage at $1,049 per year ($87 monthly), a 41% savings compared to the city average.
• Cheapest full coverage: Farm Bureau also offers the lowest full coverage at $2,344 annually ($195 monthly), 52% below the city average of $4,542. That's $2,198 in annual savings! GEICO's full coverage costs $3,024 per year ($252 monthly), still 41% below the city average but $680 more than Farm Bureau annually.

Young drivers in New Orleans pay the highest rates for car insurance. Adults and seniors pay lower rates. Here are the cheapest car insurance companies in New Orleans by age group: 

• Adults: Farm Bureau at $79 and GEICO at $87 monthly
• Seniors: Farm Bureau at $84 and GEICO at $90 monthly
• Young drivers: Farm Bureau at $189 and GEICO at $208 monthly

Young drivers aged 25 and under can get lower rates with Farm Bureau by taking its Safe Young Driver class and qualifying for discounts. Teen drivers in New Orleans save up to 40% by staying on their family policy.

Senior drivers aged 50 and up in New Orleans qualify for GEICO's defensive driver class that can lower their rate by 10%.

Car insurance is more expensive if you have driving violations. If you recently had a violation, now is the best time to shop for lower rates. You can find cheaper coverage in New Orleans with the insurers that have the lowest rate penalty for your violation. Here are your cheapest car insurance options in New Orleans by violation type: 

• Accident: Farm Bureau at $91 and State Farm at $134 monthly
• Ticket: Farm Bureau at $83 and GEICO at $116 monthly
• DUI: Farm Bureau at $88 and State Farm at $125 monthly

Minor violations in New Orleans remain on your record for three years.  After they lapse, you'll see rates decrease.

Car insurance rates in New Orleans vary by neighborhood. ZIP code 70117 is the most expensive at $508 monthly for full coverage, while 70124 is the cheapest at $116 monthly. Use the table below to see how much car insurance costs in your New Orleans ZIP code.

Progressive and Farm Bureau score 95 out of 100 on MoneyGeek's rating scale, making them the best car insurance companies in New Orleans. Progressive ranks first for customer service and claims satisfaction. We evaluated factors like agent network ratings, complaint data from the National Association of Insurance Commissioners (NAIC), J.D. Power studies and multi-platform customer reviews to assess how well insurers handle claims and support policyholders. 

Progressive also excels in coverage options, earning high marks for the number of standard and specialty coverages available, plus unique add-ons like custom parts and equipment coverage. Farm Bureau leads in affordability. Both insurers maintain strong financial stability ratings. 

See below for why each insurer is best and which fits your needs.

MoneyGeek's experts answer your questions about affordable car insurance in New Orleans:

New Orleans drivers pay some of Louisiana's highest car insurance rates, complicated by hurricane risks and high theft rates in certain neighborhoods. We built this analysis to help you find reliable coverage without overpaying for your specific situation.

We analyzed hundreds of thousands of quotes from major insurers using data from the Louisiana Department of Insurance and Quadrant Information Services. Our research covered all New Orleans ZIP codes and adjusted for driver profiles including age, driving record, credit score and military affiliation. This approach reveals which insurers offer competitive rates for drivers like you, not just average citywide prices.

Our rating system weighs three factors:

Affordability (60%): Premiums matter most when you're deciding whether you can maintain coverage long-term. We compared minimum coverage (Louisiana's state liability requirements) and full coverage (liability plus comprehensive and collision with $1,000 deductibles) to show savings across coverage levels.

Customer experience (30%): Google reviews and J.D. Power ratings reveal how insurers handle claims and resolve problems. This factor accounts for real customer interactions during stressful moments like filing hurricane damage claims or handling hit-and-run accidents.

Coverage options (10%): More choices mean better odds of matching coverage to New Orleans risks like flood damage, uninsured motorists and theft in high-risk areas.