bestauto insuranceShreveport2022Compare 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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Last Updated: 5/16/2022
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Mark Fitzpatrick
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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 insuranceShreveport2022The 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
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
MoneyGeek’s analysis scored the best insurers in Shreveport that provide a balance of affordability and good customer service. The top two insurance companies based on our evaluation are:
- GEICO: MoneyGeek score of 85 out of 100
- State Farm: MoneyGeek score of 83 out of 100
USAA scored highest in our analysis at 95 out of 100, and so is the best option for drivers in the military and their families.
These scores were calculated based on several factors, including data from analytics and consumer intelligence company J. D. Power that took into account customer satisfaction, the insurer's financial stability, and overall affordability.
1
USAA
Score:95
2
GEICO
Score:85
3
State Farm
Score:82.5
4
Travelers
Score:80
5
MetLife
Score:80
6
Safeco
Score:77.5
7
Progressive
Score:77.5
8
Allstate
Score:75
9
Liberty Mutual
Score:75
10
National General
Score:72.5
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.
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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