Cheapest and Best Car Insurance in Shreveport, LA (July 2024)

Louisiana Farm Bureau has the cheapest minimum and full coverages in Shreveport, Louisiana. State Farm offers the lowest rates for families with teens, as well as the best customer service and overall value. The right car insurance for you depends on your coverage preferences and needs.

MoneyGeek found that Louisiana Farm Bureau offers Shreveport's cheapest car insurance.

• Louisiana Farm Bureau: $504 per year
• GEICO: $588 per year

Allstate offers the city's highest-priced minimum coverage policy at $1,248 annually. Opting for Louisiana Farm Bureau can save drivers $744 each year, so comparing quotes is crucial.

The state law sets the minimum car insurance requirements in Shreveport:

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

For example, if your minimum coverage policy includes $15,000 for bodily injury per person, that's the most your insurer will pay for a person's claims in an accident. You'll need to cover any expenses beyond $15,000 out of pocket. Similarly, with a limit of $30,000 for bodily injury per accident, you'll also shoulder any costs exceeding this amount.

MoneyGeek found that Louisiana Farm Bureau is Shreveport's cheapest full coverage car insurance.

• Louisiana Farm Bureau: $1,020 per year
• GEICO: $1,646 per year

Allstate offers the most expensive policy with an annual premium of $3,894, with a large price difference from the cheapest option. This highlights the importance of comparing quotes. Full coverage is more costly than minimum coverage because it provides broader protection.

A full coverage policy enhances protection with higher liability limits than minimum coverage: $100,000 for bodily injury per person, $300,000 for bodily injury per accident and $100,000 for property damage per accident.

Full coverage also includes these insurance types:

• Collision insurance covers vehicle repair costs after collisions, whether with another car or an object like a tree or light pole. It also covers rollover accidents and pothole damage.

• Comprehensive insurance provides financial protection from theft, weather damage, vandalism, fires, natural disasters and hitting animals like deer.

Full coverage insurance is typically required if you lease or finance a car. For new vehicles, full coverage provides financial protection for your investment. However, the additional protection may not justify higher be worth it for older vehicles. Finding the right amount of car insurance involves balancing coverage against premiums to prepare for unexpected expenses.

MoneyGeek found that Louisiana Farm Bureau offers the lowest rates in Shreveport across different driving offenses:

• Speeding Ticket: $1,181 per year
• At-Fault Accident: $1,324 per year
• DUI: $1,422 per year

After these offenses, the highest rates are from Allstate, with differences in annual premiums. For instance, there's a $506 gap in rates between policies for speeding tickets and those for DUI violations, highlighting how offense severity impacts car insurance rates.

In cities like Shreveport, insurance rates rise with the severity of driving infractions because of their perceived higher risk. For instance, drivers with a speeding ticket face an average annual rate of $3,601, while those with a DUI offense see rates increase to an average of $4,203. With such large gaps, drivers with traffic violations should carefully compare quotes to find the most cost-efficient coverage.

MoneyGeek found that State Farm offers the cheapest car insurance for teens in Shreveport. Here are the lowest rates for families with two parents and a teenage driver:

• State Farm: $4,185 per year for female teens and $5,210 per year for male teens
• GEICO: $5,876 per year for female teens and $6,327 per year for male teens

Allstate charges the priciest family policies at $7,671 annually for females and $8,717 for males. Considering the higher risks associated with teenage drivers, the $3,532 difference between the cheapest and most expensive options highlights the need for comparison shopping.

Teens pay the highest car insurance premiums of any age group due to their lack of driving experience and higher accident rates. Adding them to an existing family policy is much cheaper. On average, a teenage driver in Shreveport pays about $10,381 per year for an individual policy compared to $6,747 when added to a family plan. Securing individual policies for teens is challenging due to their limited credit history and driving experience, leading to higher premiums or potential denial of coverage. Opting for joint coverage is financially wise for families, ensuring affordability and accessibility for teen drivers.

MoneyGeek found that Louisiana Farm Bureau provides the cheapest car insurance for military backgrounds in Shreveport.

• Louisiana Farm Bureau: $1,020 per year
• USAA: $1,429 per year

USAA ranks second in affordability and offers specialized services tailored to the needs of active-duty military members.

Comparing rates helps you save on car insurance in Shreveport. However, it can take about 15 minutes per insurer and up to over an hour for three or more companies. MoneyGeek's car insurance calculator speeds up the process. Just enter your key details like age, driving history, credit rating and coverage preferences to get an instant estimate.

Finding the right auto insurance depends on how you prioritize factors like service, cost and coverage. State Farm tops all categories with these MoneyGeek scores:

• Best overall: 80 out of 100
• Best for service: 77 out of 100
• Best cheap: 79 out of 100

State Farm is Shreveport's unrivaled choice for overall value. Its reputation for service excellence and affordability makes it a preferred insurer for balanced service quality and competitive rates.

MoneyGeek found that State Farm is ideal for drivers seeking the best car insurance in Shreveport.

• State Farm: MoneyGeek score of 80 out of 100 ($1,893 per year)
• Progressive: MoneyGeek score of 67 out of 100 ($1,960 per year)

State Farm stands out due to its high satisfaction and affordability scores, which are the top contributors to its MoneyGeek score.

MoneyGeek found that State Farm is the best option in Shreveport for outstanding customer service in car insurance, regardless of rates.

• State Farm: MoneyGeek score of 77 out of 100 ($1,893 per year)
• Progressive: MoneyGeek score of 66 out of 100 ($1,960 per year)

State Farm stands out due to its exceptional customer satisfaction and efficient claims handling, both key factors influencing its top MoneyGeek score. This makes it ideal for clients who value a responsive insurance provider, especially during critical situations.

MoneyGeek found that State Farm is Shreveport's top affordable car insurance provider, striking a balance between cost-efficient policies and reliable service. For budget-friendly car insurance that doesn't sacrifice quality, two providers stand out:

• State Farm: MoneyGeek score of 79 out of 100 ($758 per year)
• Progressive: MoneyGeek score of 76 out of 100 ($625 per year)

State Farm also excels in claims handling and customer satisfaction. Its high MoneyGeek score proves its ability to provide cost-effective minimum coverage policies while focusing on customer service, ideal for budget-conscious drivers seeking quality service.

In Shreveport, car insurance costs average $2,079 annually, offering a more affordable option than the state average of $2,593 — a $514 difference. Louisiana's average exceeds the national average by $812.

Location significantly impacts insurance costs, with insurers factoring in claim frequency and risk. For instance, New Orleans tops the state with premiums at $3,407, $1,328 higher than Shreveport's. Urban areas with higher traffic often face higher premiums, while less populated areas get lower rates due to lower traffic density.