bestauto insuranceNew Orleans2022Compare the Cheapest Car Insurance Quotes in New Orleans, LA
Car insurance in New Orleans costs an average of $3,380 annually, which is higher than the Louisiana state average. The cheapest widely available insurer is Southern Farm Bureau, costing $1,692 on average. MoneyGeek analyzed the cheapest options across driver profiles and coverage levels. For drivers looking to balance costs and service, MoneyGeek recommended top insurers in New Orleans.
REVIEW AUTO INSURANCE RATES
Ensure you're getting the best rate for your auto insurance. Compare quotes from the top insurance companies.
Advertising & Editorial DisclosureLast Updated: 12/8/2022
Edited By |
Stephanie Olsen
Written By |
Mark Fitzpatrick
The best car insurance company depends on your profile and coverage needs. Overall, the cheapest company in New Orleans is Southern Farm Bureau. It offers the lowest post-speeding ticket rate and the cheapest state minimum policy. For the military, USAA may be a better option. MoneyGeek rated GEICO as the best car insurance company for its customer satisfaction and affordability.
bestauto insuranceNew Orleans2022The Cheapest and Best Car Insurance in New Orleans
Cheapest Overall - USAA
Cheapest State Minimum - USAA
Cheapest With a Driving Violation - Southern Farm Bureau
Best Overall - State Farm
The Cheapest Car Insurance Companies in New Orleans
In New Orleans, the cheapest insurance companies on average for a full coverage policy are:
- Southern Farm Bureau: $1,692 per year
- GEICO: $2,622 per year
Current or former military are eligible for a USAA policy; it’s the cheapest company in New Orleans for car insurance with an average annual cost of $1,667.
Southern Farm Bureau offers the least expensive full coverage in New Orleans. The policy is $3,208 cheaper than AAA, which offers the most expensive policy at an average annual cost of $4,900. A full coverage policy includes collision and comprehensive coverage, and your cost changes depending on the amount of liability insurance.
Cheapest Car Insurance in New Orleans
Full Coverage 100/300/100
- Company100/300/100per year
- 1.$1,667
- 2.Southern Farm Bureau$1,692
- 3.$2,622
- 4.$2,683
- 5.$3,164
MoneyGeek’s analysis includes rates for a 40-year-old male driver with a full coverage policy in New Orleans, per our methodology.
A full coverage policy provides you extended coverage for any loss or damage to your vehicle after an accident; it includes liability, collision and comprehensive coverage.
- Comprehensive Coverage: pays for the replacement and repair of your vehicle in case of any damage due to an incident or theft.
- Collision Coverage: provides coverage for an at-fault accident.
With an older car, liability only or a policy that meets Louisiana’s minimum required coverage limits only may be best, as a full coverage policy may cost more than the actual value of the car.
Compare Car Insurance Rates in New Orleans
Ensure you're getting the best rate for your car insurance. Compare quotes from the top insurance companies.
Cheapest Car Insurance in New Orleans for Minimum Coverage
In New Orleans, the cheapest auto insurance policy is a minimum coverage policy. MoneyGeek’s research shows that the cheapest companies for a minimum coverage policy are:
- Southern Farm Bureau: $808 per year
- GEICO: $1,105 per year
For active and retired military, USAA is the cheapest option at an average of $776 per year.
Southern Farm Bureau offers the cheapest minimum coverage auto insurance. Its policy is $2,306 cheaper than the most expensive provider, MetLife, which has an average annual cost of $3,114.
A minimum coverage policy costs the least but does not have a high level of liability coverage. It also doesn't include collision and comprehensive insurance for your vehicle. Look at the table below to see how much a higher level of liability coverage costs.
Cheapest Minimum Liability Car Insurance in New Orleans
State Minimum
- CompanyState Minimumper year
- 1.$776
- 2.Southern Farm Bureau$808
- 3.$1,105
- 4.$1,185
- 5.$1,408
In Louisiana, you must have an auto insurance policy with 15/30/25 in liability limits. It is the cheapest option for you in New Orleans, but it also offers the least protection. With this policy, you may have a lower monthly bill but pay a higher out-of-pocket amount after an accident.
For example, after an at-fault accident, the other party’s medical bills are $60,000, you have coverage for $30,000. You have to pay the difference.
Louisiana Minimum Liability Requirements
- ItemDescription
- 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.
Cheapest Car Insurance in New Orleans if You Have Driving Violations
Serious driving violations like a speeding ticket, DUI or an at-fault accident raise your car insurance. MoneyGeek researched the cheapest companies in New Orleans depending on the severity of a violation:
- Cheapest after a speeding ticket: Southern Farm Bureau, $1,908 per year
- Cheapest after a DUI: Southern Farm Bureau, $2,215 per year
- Cheapest after an at-fault accident: Southern Farm Bureau, $2,144 per year
While drivers in New Orleans can improve their bad driving record over time and get more affordable insurance, right now, it’s best to shop around and choose the deal that fits your needs.
Cheapest Car Insurance in New Orleans With a Violation
Speeding Ticket
- CompanySpeeding Ticketper year
- 1.Southern Farm Bureau$1,908
- 2.$2,108
- 3.$2,867
- 4.$3,430
- 5.$3,632
Average Cost of Car Insurance in New Orleans
New Orleans$3,380
Louisiana$3,041
U.S.$1,424
The New Orleans car insurance rate per year is much higher than the state and national averages. In New Orleans, the average rate is $3,380 which is 11.2% more than the state average and 137.3% higher than the national average.
Personalized Quotes to Get You the Cheapest Car Insurance in New Orleans
Factors like your gender, age, marital status, and car type are analyzed by auto insurance providers to compute car insurance quotes. For example, Southern Farm Bureau's auto insurance premiums for 18-year-old males are about one and a half times costlier than their plans for 40-year-old males. To find cheap coverage, you should regularly acquire a customized quote that factors in any changes in your life's circumstances.
Compare Car Insurance Rates in New Orleans
Ensure you're getting the best rate for your car insurance. Compare quotes from the top insurance companies.
The Best Car Insurance Companies in New Orleans
MoneyGeek conducted a study to determine the best auto insurance companies in New Orleans, factoring in claims experience, customer satisfaction and average cost. The insurers with the highest scores in the city are:
- State Farm: MoneyGeek score of 82 out of 100
- GEICO: MoneyGeek score of 77 out of 100
USAA was not included in our rankings despite having an excellent overall MoneyGeek score of 96 because it’s exclusive to active-duty military personnel, veterans and their families. USAA is your top car insurance option in Louisiana if you come from a military family.
1
State Farm
Score:82
State Farm is MoneyGeek’s pick for best auto insurance company in New Orleans. It claimed the top spot for overall customer service quality and claims experience. It ranks well in terms of affordability, with the average cost of a full insurance policy costing $2,683 per year. State Farm offers rideshare insurance as an add-on, which coverage is only occasionally seen with other providers.
More About State Farm
You can personalize your New Orleans car insurance policy by purchasing add-on coverage. Some options are standard across insurers, such as roadside assistance and rental car or travel reimbursement. The former saves you from paying for expenses from towing or labor out of pocket, while the latter covers car rental costs up to your chosen limits. It also shoulders meals, transportation and lodging up to $500 while traveling. Rideshare insurance is not offered by all insurers. It makes sure the coverage in your personal auto policy remains in effect when you’re working for a ridesharing company. Once you match with a rider or are driving a customer, all coverages except liability insurance remain.
Read MoneyGeek's State Farm auto Insurance Review2
GEICO
Score:77
A full coverage policy from GEICO in New Orleans costs $2,622 per year on average. While the insurer is average for affordability, it has excellent scores in claims satisfaction and user experience. GEICO’s add-on mechanical breakdown insurance is not offered by most other car insurance companies.
More About GEICO
Mechanical breakdown insurance is an excellent add-on option if your new or leased car is less than 15 months old with less than 15,000 miles. It covers all parts and systems of your car, unlike most dealer warranties and is more affordable. Another add-on not seen very often is accident forgiveness. With this added to your GEICO auto insurance policy, your insurance rate won't go up as a result of your first at-fault accident. You can earn accident forgiveness if you're over 21 and have been accident-free for at least five years.
Read MoneyGeek's GEICO auto Insurance ReviewAverage Cost of Car Insurance by Postal Code
You should select your residential neighborhood carefully in New Orleans to save on auto insurance premiums and other costs. The reasoning for doing so is because ZIP codes that record higher numbers of accidents, car thefts, and so forth are viewed as riskier to car insurance companies. A good example is the 70115 neighborhood in New Orleans where the annual car insurance cost is $366 less than the 70119 area, which is the most expensive locality in New Orleans for auto insurance coverage.
- Zip CodeState Minimumper year
- 70115$3,228
- 70118$3,238
- 70122$3,462
- 70119$3,594
Factors That Impact Insurance Costs in New Orleans
In addition to individual driver needs and history, location-specific factors like the percentage of uninsured motorists and the rate of fatal accidents also contribute to car insurance rates in New Orleans. How New Orleans ranks compared to the 300 most populous cities in the United States can have a significant impact on premium costs.
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