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.
bestauto insuranceNew Orleans2021The Cheapest and Best Car Insurance in New Orleans
Cheapest Overall - Southern Farm Bureau
Best Overall - GEICO
Cheapest State Minimum - USAA
Cheapest With a Driving Violation - Southern Farm Bureau
The Cheapest Car Insurance Companies in New Orleans
For full coverage policies in New Orleans, the lowest average rates are from:
- USAA: $1,667 annually (only available to current and former military)
- Southern Farm Bureau: $1,692 annually
In New Orleans, USAA is the company with the most affordable car insurance rates. However, this firm is only for military personnel and their families. The most affordable auto insurance provider for the general public is Southern Farm Bureau. Their coverage is on average 189.6% cheaper than AAA, the city’s most expensive auto insurance firm.
MoneyGeek collected average insurance rates in New Orleans for a 40-year-old male sample driver with a full coverage policy, including both liability insurance and comprehensive and collision coverage.
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- CompanyAmountper year
- 1.$1,667
- 2.Southern Farm Bureau$1,692
- 3.$2,622
- 4.$2,683
- 5.$3,164
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.
The Best Car Insurance Companies in New Orleans
If you are a New Orleans driver looking to balance affordability and quality of service, MoneyGeek ranked the best companies in the city. According to MoneyGeek’s research, the best car insurance companies in New Orleans for most drivers are:
- GEICO: MoneyGeek score 93 out of 100
- State Farm: MoneyGeek score 83 out of 100
USAA received the highest score in New Orleans by MoneyGeek's rating system. However, because USAA is only available to military members, veterans and their families, it is not listed as best overall.
To determine the scores out of 100, MoneyGeek considered several factors, including J.D. Power user satisfaction ratings, financial stability and affordability.
1
USAA
Score:95
2
GEICO
Score:85
3
State Farm
Score:83
4
Travelers
Score:80
5
MetLife
Score:80
6
Safeco
Score:78
7
Progressive
Score:78
8
Allstate
Score:75
9
Liberty Mutual
Score:75
10
National General
Score:73
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.
Shopping around for car insurance in New Orleans could save you $1,688, which is enough to buy:
563Cups of Coffee
130Months of Your Favorite Streaming Service
Cheapest Car Insurance in New Orleans by Coverage Amount
In New Orleans and elsewhere, the overall cost of your policy depends on the coverage level you purchase. For instance, a state minimum liability policy in New Orleans costs $1,567 annually on average, while a full coverage policy with higher liability limits costs $3,380 on average. This is a difference of $1,813.
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.
Southern Farm Bureau offers both 50/100/50 full-coverage and liability packages in New Orleans. The full-coverage package is $229 costlier than liability-only coverage. But, the additional cost is a wise investment as the plan will pay for your expenses if you get into an accident.
Average Car Insurance Premiums: Liability-Only vs. Full Coverage
Liability Only
- CompanyState Minimumper year50 / 100 / 50per year
- 1.$776$1,066
- 2.Southern Farm Bureau$808$1,184
- 3.$1,105$1,651
- 4.$1,185$1,651
- 5.$1,408$2,079
Full Coverage
- Company50 / 100 / 50per year100 / 300 / 100per year
- 1.$1,432$1,667
- 2.Southern Farm Bureau$1,413$1,692
- 3.$2,110$2,622
- 4.$2,161$2,683
- 5.$2,645$3,164
Cheapest Car Insurance in New Orleans if You Have Driving Violations
A smart way to save on insurance costs is to drive safely. Driving violations increase the auto insurance premium paid by a driver. In New Orleans, Southern Farm Bureau customers with a speeding ticket will spend $216 more annually on car insurance than those with a clear driving record. People with a DUI will be required to pay $523 more for their coverage.
- CompanySpeeding Ticketper yearAt-Fault Accidentper yearDUIper year
- 1.Southern Farm Bureau$1,908$2,144$2,215
- 2.$2,108$2,487$2,502
- 3.$2,867$3,051$2,867
- 4.$3,632$4,541$4,072
- 5.$3,430$3,874$6,500
Average 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
Insurance Providers That Serve New Orleans
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.
Methodology and Assumptions
MoneyGeek’s average premium rates for New Orleans 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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