bestauto insuranceShreveportCompare the Cheapest Car Insurance Quotes in Shreveport, LA
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.
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Advertising & Editorial DisclosureLast Updated: 1/9/2023
Edited By |
Ashley Jacobs
Written By |
Mark Fitzpatrick
Southern Farm Bureau is the best insurance company in Shreveport. It offers the cheapest full insurance policies as well as state minimum liability-only coverage and car insurance for drivers with a speeding ticket. If you have served or currently serve in the military, USAA is another option for you.
MoneyGeek also evaluated the best insurance companies in the city, focusing on affordability and customer service quality. GEICO scored highest as per our methodology.
bestauto insuranceShreveportThe Cheapest and Best Car Insurance in Shreveport
Cheapest Overall - Southern Farm Bureau
Cheapest State Minimum - Southern Farm Bureau
Cheapest With a Driving Violation - Southern Farm Bureau
Best Overall - GEICO
Methodology
MoneyGeek examined ratings from J.D. Power, AM Best and the National Association of Insurance Commissioners (NAIC). The data of this review is focused on Shreveport.
The Cheapest Car Insurance Companies in Shreveport
The cheapest auto insurance companies for a full coverage policy in Shreveport are:
- Southern Farm Bureau: $1,033 per year
- GEICO: $1,473 per year
USAA is the second cheapest option for former and current military members and their families at $1,173 per year. AAA has the most expensive full coverage car insurance in Shreveport at $1,577 more than Southern Farm Bureau.
Comprehensive and collision are included in full coverage policies. These coverages are in addition to liability insurance that drivers must have as per state laws.
Cheapest Car Insurance in Shreveport
Full Coverage 100/300/100
- Company100/300/100per year
- 1.Southern Farm Bureau$1,033
- 2.$1,173
- 3.$1,473
- 4.$1,580
- 5.$1,722
MoneyGeek’s methodology involved obtaining average rates for a 40-year-old male driver from multiple insurers for a full coverage policy in Shreveport.
Although a full coverage policy is more expensive than liability-only, it includes comprehensive and collision coverage in addition to liability insurance.
- Comprehensive Insurance: Comprehensive auto insurance pays for damage to your vehicle caused by non-collision-related incidents such as theft, weather events and vandalism.
- Collision Insurance: This covers damage to your vehicle when you collide with another car or a stationary object.
If you have a new vehicle that is financed or leased, your lender may require that you have comprehensive and collision insurance to protect the car if it’s damaged in an accident. However, if your vehicle is an older model, it may be prudent to opt for liability-only insurance or a state minimum policy.
Compare Car Insurance Rates in Shreveport
Ensure you're getting the best rate for your car insurance. Compare quotes from the top insurance companies.
Cheapest Car Insurance in Shreveport for Minimum Coverage
Drivers looking for the cheapest auto insurance in Shreveport could opt for state minimum policies. The top two companies that offer such policies are:
- Southern Farm Bureau: $475 per year
- GEICO: $653 per year
At $546 per year, USAA provides the second most affordable state minimum auto insurance in Shreveport; however, USAA policies are exclusively for members of the military. MetLife has the most expensive insurance in the city, which is $583 more than Southern Farm Bureau.
A minimum coverage policy may be the best option if you are looking to save on insurance costs. However, liability-only coverage can mean you’ll pay substantially more out of pocket if you are involved in an accident.
You can choose to get higher liability coverage. Check the below table to know how much you may have to pay for higher liability insurance.
Cheapest Minimum Liability Car Insurance in Shreveport
State Minimum
- CompanyState Minimumper year
- 1.Southern Farm Bureau$475
- 2.$546
- 3.$653
- 4.$708
- 5.$746
Although a policy that meets the 15/30/25 minimum requirements in Louisiana would be the most affordable option, it also carries an element of risk as it would not cover all damages after an accident. In such a scenario, you may incur considerable out-of-pocket expenses.
For example, if you are involved in an at-fault accident that results in medical expenses of $60,000, but your insurance provides only $30,000 in bodily injury liability per accident, you may have to pay the remaining $30,000 yourself.
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 Shreveport if You Have Driving Violations
Drivers with violations in Shreveport such as a DUI, at-fault accident or a speeding ticket will have to pay more for insurance. The companies with the most affordable policies for drivers with a bad driving record are:
- Cheapest after a ticket: Southern Farm Bureau, $1,166 per year
- Cheapest after an at-fault accident: Southern Farm Bureau, $1,311 per year
- Cheapest after a DUI: Southern Farm Bureau, $1,356 per year
Maintaining a clean record for a sustained period can lower your premiums. In the meantime, you should explore your options for the best cheap car insurance for drivers with bad records with quotes from multiple providers.
Cheapest Car Insurance in Shreveport With a Violation
Speeding Ticket
- CompanySpeeding Ticketper year
- 1.Southern Farm Bureau$1,166
- 2.$1,466
- 3.$1,698
- 4.$1,914
- 5.$2,011
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.
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.
Compare Car Insurance Rates in Shreveport
Ensure you're getting the best rate for your car insurance. Compare quotes from the top insurance companies.
The Best Car Insurance Companies in Shreveport
To find the best car insurance companies in Shreveport, MoneyGeek scored different car insurance companies based on the cost of their policies, their ratings on claims and the satisfaction of their customers. According to our analysis, the best car insurance companies in Shreveport are the following:
- State Farm: MoneyGeek score of 77 out of 100
- GEICO: MoneyGeek score of 74 out of 100
USAA is not included in the rankings, but it received a MoneyGeek score of 89 out of 100. Because of this, it’s the best car insurance company in Shreveport. However, USAA’s policies are only available for veterans and active military members.
1
State Farm
Score:77
State Farm gained high scores for customer satisfaction and claims but ranked lower in affordability. In Shreveport, the average premium for a 40-year-old driver is $1,580 per year. A unique coverage that it offers is rideshare insurance.
More About State Farm
Rideshare insurance ensures that your medical, emergency roadside assistance, rental car reimbursement and deductible still protect you while you’re working for a rideshare company. Your personal policy, excluding your liability insurance, is in effect as you drive your passengers around Shreveport with this coverage.
Drivers for rideshare companies could greatly benefit from rideshare insurance. You can add this coverage to your policy and the cost could range from 15% to 25% of your premium.
State Farm offers a limited number of coverages. The other more common coverages that you can choose from are roadside assistance and rental car and/or travel reimbursement.
Read MoneyGeek's State Farm auto Insurance Review2
GEICO
Score:74
GEICO ranked well in claims and satisfaction but lower in affordability. On average, the cost of a policy for a 40-year-old driver in Shreveport is $1,473 per year. It provides accident forgiveness coverage for policyholders.
More About GEICO
Following an at-fault accident in Shreveport, the cost of your car insurance can go up. If you don’t have accident forgiveness coverage, you will face a surcharge on your policy.
On the flip side, having accident forgiveness coverage from GEICO maintains your rates. Your car insurance premium will not increase after your first at-fault accident because the surcharge will no longer apply.
You can either add this coverage to your policy or earn it. If you are 21 years old or older and have been accident-free for at least five years, you will earn this coverage and it will be added to your policy.
Read MoneyGeek's GEICO auto Insurance Review3
Southern Farm Bureau
Score:70
4
Allstate
Score:59
5
MetLife
Score:47
6
Progressive
Score:29
7
AAA
Score:27
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
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.
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