Cheapest and Best Car Insurance Companies in New Orleans, LA

The cheapest company is determined by your needs and driver profile. Louisiana Farm Bureau is the most affordable insurers for full coverage, minimum coverage and drivers with offenses. Teens will find the lowest rates from State Farm, while drivers with a military background will fare best with USAA. If you want the best blend of affordability and service, we recommend State Farm.

The cheapest car insurance companies for a minimum coverage policy in New Orleans are:

• Louisiana Farm Bureau: $772 per year
• State Farm: $836 per year

Allstate is the least affordable company for minimum coverage at an average cost of $1,817 per year. Louisiana Farm Bureau also offers the cheapest car insurance in Louisiana. Annual premiums from these providers average $478 for a minimum coverage policy, showing how location can impact insurance rates.

State law determines liability limits for minimum coverage. In Louisiana, minimum liability coverage extends to bodily injury and property damage with these limits:

• $15,000 bodily injury liability per person
• $30,000 bodily injury liability per accident
• $25,000 property damage liability per accident

Your liability coverage will pay the medical bills for any injured drivers and passengers if you’re found to be at fault for an accident, but only up to the stated limits. For example, with bodily injury liability limits of $15,000 per person and $30,000 per accident, your insurer will pay up to $15,000 per injured person but not over $30,000 per incident, regardless of how many were injured. You’ll have to pay out of pocket for expenses that exceed these limits.

The cheapest car insurance companies for a full coverage policy in New Orleans are:

• Louisiana Farm Bureau: $1,608 per year
• State Farm: $2,011 per year

Allstate charges the highest rates for full coverage at $5,029 per year, on average. Louisiana Farm Bureau is the cheapest full coverage car insurance in Louisiana at $1,015 per year. This demonstrates how your location can influence your car insurance premiums.

Full coverage insurance includes comprehensive and collision insurance and raises your liability limits.

• Collision Insurance: Covers the costs of repair or replacement of your vehicle if it sustains damage in an at-fault accident.
• Comprehensive Insurance: Covers expenses related to the repair or replacement of your vehicle if it sustains damage in a non-accident incident.

It doesn’t make sense to purchase a full coverage policy if you have an older car since you’ll be paying hundreds of dollars more in annual premiums for a vehicle with less value.

The cheapest car insurance companies for a full coverage policy after driving violations in New Orleans are:

• Speeding ticket: Louisiana Farm Bureau ($1,874 per year)
• At-fault accident: Louisiana Farm Bureau ($2,100 per year)
• DUI: Louisiana Farm Bureau ($2,253 per year)

On average, Allstate is the most expensive insurer for drivers with a speeding ticket ($5,614) or an at-fault accident ($6,082). GEICO is the least affordable option for drivers with a DUI at around $6,244 per year. Even the cheapest insurers may charge hundreds of dollars more for drivers with violations.

You might notice a huge increase in your car insurance rates following a severe violation. In New Orleans, expect annual rate increases of around $529 after getting a speeding ticket and $1,103 after a DUI. MoneyGeek discovered that there are several ways to get affordable car insurance for drivers with bad driving records.

The cheapest car insurance companies for teens on a family policy in New Orleans are:

• State Farm: $5,840 per year for females; $6,890 per year for males
• GEICO: $8,166 per year for females
• Progressive: $8,763 per year for males

Allstate is the most expensive provider for teens, with full coverage costing roughly $11,390 or $12,864 per year when a female or male teen is included in a family policy. Male teens typically face higher insurance rates because insurers view young men as riskier to insure. The difference of $1,050 per year in rates from State Farm highlights this. Expect differences in rates to even out in early adulthood.

An individual auto insurance policy is often expensive for teens. A more affordable alternative is to add a teen driver to a family policy. According to our data, a 16-year-old male in New Orleans will pay $4,767 more for their own policy vs. being on their family’s policy. Comparing rates can help you find the cheapest auto insurance for teens.

The cheapest car insurance companies for military families and veterans in New Orleans are:

• USAA: $1,384 per year
• Louisiana Farm Bureau: $1,608 per year

The rates shown above are for a full coverage policy. The same companies have the most affordable minimum coverage insurance, with USAA charging around $625 per year, followed by Louisiana Farm Bureau at roughly $772 per year.

Comparison shopping can be very time-consuming, taking up to 15 minutes for each company. The online form will also require you to enter a lot of personal information, which can expose you to security risks.

MoneyGeek’s car insurance calculator gives a quick ballpark figure of your premium. You only have to enter your age, vehicle type, preferred coverage level and driving record, and our database will provide you with an estimate of your rates.

The best car insurance for you will depend on your priorities. The best car insurance companies in New Orleans, Louisiana, include:

• Best overall: State Farm (MoneyGeek score 72 out of 100)
• Best for service: State Farm (MoneyGeek score 58 out of 100)
• Best cheap: State Farm (MoneyGeek score 76 out of 100)

Scores may vary due to category weightings. State Farm is the best auto insurance in Louisiana. With a MoneyGeek score of 85 out of 100, USAA is also worth considering if you have a military background.

The overall best companies for car insurance in New Orleans that offer a balance of affordable rates and exceptional service are:

• State Farm: MoneyGeek score 72 out of 100 ($2,011 per year)
• GEICO: MoneyGeek score 67 out of 100 ($2,574 per year)

State Farm scored highly for affordability and service. We also recommend USAA if you’re a veteran or part of a military family. With an impressive MoneyGeek score of 85 out of 100.

If you consider service quality above all else when selecting an insurer, we recommend these companies which provide the best customer experience in New Orleans regardless of cost:

• State Farm: MoneyGeek score 58 out of 100 ($2,011 per year)
• GEICO: MoneyGeek score 57 out of 100 ($2,574 per year)

State Farm delivers first-rate service while providing some of the essential coverages that most drivers will find useful. Its policies are also the cheapest among five providers in New Orleans, making this insurer’s full coverage policies the best value for your money.

Our analysis of affordability and service quality for policies that only meet Louisiana’s minimum coverage requirements showed that these are the best auto insurance companies in New Orleans:

• State Farm: MoneyGeek score 76 out of 100 ($836 per year)
• GEICO: MoneyGeek score 74 out of 100 ($856 per year)

A minimum coverage policy is usually the cheapest insurance that’s available to most drivers. Before signing up for this type of policy, you need to first be aware of its drawbacks. Minimum coverage gives the least amount of protection against liability costs and won’t cover repairs and other expenses if your car is damaged in an accident.

The average cost of car insurance in New Orleans for a full coverage policy is $2,328 per year, which is $519 more than the average cost of car insurance in Louisiana and $1,063 more than the national average (as of October 2022).

In our study, a full coverage policy includes $100,000 bodily injury liability per person, $300,000 bodily injury liability per accident and $100,000 property damage liability per accident. Rates tend to differ by city, but location is just one factor that affects the cost of car insurance.