Shreveport's average car insurance policy costs $1,791 yearly, which is $1,250 less than Louisiana's state average. MoneyGeek rated various insurers in Shreveport based on the coverage level and driver profile. Southern Farm Bureau is the cheapest insurer in this city, with average rates of $1,033 per year. MoneyGeek also recommends the best insurers in Shreveport for those focusing on both quality and affordability.
bestauto insuranceShreveport2021The Cheapest and Best Car Insurance in Shreveport
Cheapest Overall - Southern Farm Bureau
Best Overall - GEICO
Cheapest State Minimum - Southern Farm Bureau
Cheapest With a Driving Violation - Southern Farm Bureau
The Cheapest Car Insurance Companies in Shreveport
The two most affordable companies for a full coverage car insurance policy in Shreveport are:
- Southern Farm Bureau: $1,033 yearly
- USAA: $1,173 yearly (only serving current and former military members)
MoneyGeek used a 40-year-old male driver’s profile to get quotes. The driver in this scenario possesses a full coverage policy, including liability insurance and comprehensive and collision coverage.
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- CompanyAmountper year
- 1.Southern Farm Bureau$1,033
- 2.$1,173
- 3.$1,473
- 4.$1,580
- 5.$1,722
Average Cost of Car Insurance in Shreveport
Shreveport$1,791
Louisiana$3,041
U.S.$1,424
On average, drivers in Shreveport pay $1,791 per year as the average car insurance premium. The average annual rate paid in Louisiana stands at $3,041, which exceeds Shreveport’s average by 41.1%. Drivers in the city pay more than the United States average annual rate by 25.8%. Car insurance quotes in Shreveport may fluctuate based on your age, location, credit score and various other factors.
The Best Car Insurance Companies in Shreveport
MoneyGeek rated and ranked the insurance companies in Shreveport to help you find an affordable policy with quality service. Based on MoneyGeek’s scoring system, the following two companies are the best options:
- GEICO: MoneyGeek score of 85 out of 100
- State Farm: MoneyGeek score of 83 out of 100
USAA received the highest score in Shreveport 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 calculate the scores out of 100 points, MoneyGeek used data from J.D. Power’s affordability, user satisfaction and financial stability ratings, among other criteria.
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 Shreveport
Car insurance providers within Shreveport figure out their annual premiums by rating individual factors such as driving history, marital status, ZIP code and age. Because your rates can change as these factors change, it’s important to check your rate frequently. To get the best car insurance in Shreveport, be sure to compare car insurance quotes from various providers.
Shopping around for car insurance in Shreveport could save you $758, which is enough to buy:
253Cups of Coffee
58Months of Your Favorite Streaming Service
Cheapest Car Insurance in Shreveport by Coverage Amount
In Shreveport and elsewhere, the amount of coverage you buy is one of the biggest factors affecting the insurance cost. A state minimum liability plan covering bodily injuries and property damage costs an annual average of $790 in Shreveport, while a full coverage policy with higher liability limits costs $1,791 on average. That is a difference of $1,001.
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.
Drivers in Shreveport enjoy different levels of coverage from different car insurance providers. Southern Farm Bureau offers the cheapest car insurance, with a state minimum liability cost of $475. For this plan and the 50/100/50 liability-only plan, which costs $202 more, you may need to purchase supplementary coverage in case of personal injury during an accident, as liability plans only cover bodily and property damage to the other driver if you are at fault.
Getting full coverage comprehensive auto insurance instead of liability car insurance may be more costly, but it covers property damage and injury to both you and the other driver. For instance, a 50/100/50 full coverage plan at Southern Farm Bureau costs $882 and a 100/300/100 plan costs $1,033, which is a difference of $151 per year.
Average Car Insurance Premiums: Liability-Only vs. Full Coverage
Liability Only
- CompanyState Minimumper year50 / 100 / 50per year
- 1.Southern Farm Bureau$475$677
- 2.$546$733
- 3.$653$928
- 4.$708$971
- 5.$746$1,062
Full Coverage
- Company50 / 100 / 50per year100 / 300 / 100per year
- 1.Southern Farm Bureau$882$1,033
- 2.$1,017$1,173
- 3.$1,220$1,473
- 4.$1,289$1,580
- 5.$1,485$1,722
Cheapest Car Insurance in Shreveport if You Have Driving Violations
You can secure the best car insurance rates in Shreveport if you are a driver with no violations. Driving under the influence (DUI) charges, at-fault accidents and speeding tickets result in increased rates. If you do not have any violations, you pay an average of $1,033 with a Southern Farm Bureau policy. The same company charges $133 more to drivers with speeding tickets, $278 more to drivers in at-fault accidents and $323 more to drivers with DUI incidences.
- CompanySpeeding Ticketper yearAt-Fault Accidentper yearDUIper year
- 1.Southern Farm Bureau$1,166$1,311$1,356
- 2.$1,466$1,711$1,719
- 3.$1,698$1,817$1,698
- 4.$2,011$2,584$2,282
- 5.$1,914$2,171$3,601
Average Cost of Car Insurance by Postal Code
Where you live determines the cost of your car insurance premium in Shreveport. The 71106 is the most expensive neighborhood in the city, with an average annual rate of $1,797. The difference between this neighborhood and ZIP code 71107 is only $12.
- Zip CodeState Minimumper year
- 71107$1,785
- 71106$1,797
Insurance Providers That Serve Shreveport
Factors That Impact Insurance Costs in Shreveport
In addition to individual driver needs and history, location-specific factors like the rate of fatal accidents and the percentage of uninsured motorists also contribute to car insurance rates in Shreveport. How Shreveport 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 Shreveport 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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