Louisiana Car Insurance Calculator: Estimate Your Car Insurance Costs


ByMark Fitzpatrick
ByMark Fitzpatrick

Updated: May 2, 2023

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MoneyGeeks's car insurance calculator will give you a customized estimate of your auto insurance cost. It's free to use, requires no personal information and we won't send you any spam.

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Louisiana
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Car Colored
Louisiana
pick a city
Female
30-65
Excellent
No
Clean
Car Colored
Sedan
Less than 3 years old
State Min
$500

Drivers in Louisiana can use MoneyGeek’s car insurance calculator for a quick estimate of the cost of car insurance in the state. The estimate can help you determine how much the car insurance you need in Louisiana might cost and also how much money you might be able to save.

MoneyGeek analyzed the factors driving the cost of car insurance, so you know how to calculate insurance premiums in Louisiana. With this information, you can better understand how much you are being charged based on your profile.

Louisiana Car Insurance Calculator: How it Gets You an Instant, Free Estimate

It usually takes around 10–15 minutes and requires entering a lot of personal information to get a finalized car insurance quote directly from an insurer.

MoneyGeek’s Louisiana car insurance calculator gives you a quick estimate of how much you’ll typically need to pay based on your age, driving record, vehicle type and coverage levels.

Our free tool also shows which factors affect your car insurance cost the most. In Louisiana, getting a higher coverage level, adding a teen driver to your policy and having poor credit generally drives up the cost most. However, the most significant factor for you may be different based on your profile.

The cheapest car insurance company in Louisiana for you depends on many factors, but you can get a close estimate if you use MoneyGeek’s calculator. For example, the tool shows that our default 40-year-driver pays an average of $754 per year for car insurance with Southern Farm Bureau, the cheapest widely available company in the state.

While price is an important consideration, you also want to choose a company that has the right coverage you need and one that provides great customer service.

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FACTORS TO CONSIDER WHEN GETTING A CAR INSURANCE ESTIMATE IN LOUISIANA

We recommend using our car insurance calculator to get quick estimates. You can also browse our collection of sample drivers in our guide to the cheapest car insurance in Louisiana.

We analyzed the average cost of car insurance in Louisiana if you want to see how quotes differ across multiple providers nationwide.

We also ranked the best car insurance in Louisiana, scoring insurers based on how they balance quality service with affordability.

How Car Insurance Premiums are Calculated in Louisiana

Car insurance companies consider a number of factors when calculating insurance premiums in Louisiana. Depending on your profile, your rates could be cheaper or more expensive than the average. How much coverage you buy, for instance, can multiply your rate by 3x in Louisiana.

How Much Coverage Levels Matters in Calculating Car Insurance in Louisiana

Your coverage level is the most important factor when calculating how much car insurance costs in Louisiana. The cheapest option is a state minimum liability only policy, while the most expensive is full coverage with a 100/300/100 liability and a $500 deductible. Between these two options, rates differ by 3x.

How Much Adding a Teen Driver Matters in Calculating Car Insurance in Louisiana

Adding a teen driver to your family policy is the second most important factor with respect to how much your car insurance costs in Louisiana. Because teen drivers are inexperienced and statistically more likely to be in an accident than older drivers, car insurance providers deem them a higher risk. Adding a teen driver to your policy multiplies your car insurance costs by as much as 2.6x.

How Much Credit Score Matters in Calculating Car Insurance in Louisiana

Maintaining an excellent credit score can save you quite a bit on your Louisiana car insurance premiums. If you combine this with a clean driving record, you’ll save even more. On the other hand, if you have poor credit, you can pay as much as 2.5x more.

How Much Age of Driver Matters in Calculating Car Insurance in Louisiana

The more experience you have behind the wheel, the less likely you are to get into an accident. Therefore, it costs less to insure a middle-aged driver than a young driver. A 19 or 20-year-old driver in Louisiana pays more than double (2.2x) than a 40-year-old.

How Much Car Model Matters in Calculating Car Insurance in Louisiana

Depending on what type of car you are driving, expect your insurance costs to change. Owning a luxury vehicle or sports car means higher car insurance premiums because they’re typically more expensive to repair and are at a higher risk of theft than standard cars. It generally costs twice as much to insure luxury and sports cars than SUVs and sedans.

How to Calculate How Much Car Insurance You Need in Louisiana

How much car insurance you buy is one of the most significant factors that affect your car insurance rates. Calculating how much car insurance you need in Louisiana helps you find the balance between the coverage that you actually need and a policy you can afford.

Louisiana drivers are required by law to have a minimum liability insurance coverage of 15/30/25 on their vehicles. You may wish to consider getting additional liability insurance as well as comprehensive and collision coverage for added protection in the event of an accident.

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Understand Louisiana car insurance requirements

You can determine how much car insurance you need by looking up Louisiana’s minimum car insurance requirements.

With a state minimum policy, you only have up to $15,000 worth of coverage on bodily injuries per person, $30,000 worth of coverage on bodily injuries per accident and $25,0000 on property damages per accident.

State laws do not require Louisiana drivers to purchase comprehensive and collision insurance. However, adding that to your policy protects you against damages to your car.

2
Consider Purchasing Additional Liability Insurance

While you may feel comfortable with a state minimum policy, you may actually need higher liability insurance for protection against medical costs and vehicle repair costs in case of a major accident. Note, however, that this usually means higher car insurance rates.

A policy in Louisiana with $300,000 coverage in bodily injury liability per accident costs an average of $2,763 per year, compared to $1,181 per year for the minimum liability insurance.

3
Decide whether or not to buy comprehensive and collision insurance

Based on your personal circumstances, you decide whether you need full coverage. While Louisiana state laws don’t require you to have a policy with comprehensive and collision insurance, you may be required by your lender for a leased or financed car.

The cost of adding comprehensive and collision insurance with a $1,000 deductible is an average of $658 per year in Louisiana. If the replacement value of the car you’re insuring is quite low, you can choose to forgo this additional insurance, saving hundreds of dollars a year.

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Consider buying additional protection besides these core coverages

Even though Louisiana does not require uninsured/underinsured motorist coverage, you may wish to consider buying it as an affordable way to protect yourself against these drivers. Approximately 11.7 drivers in the state are uninsured, so adding that insurance to your policy does make sense.

While personal injury protection (PIP) coverage is not compulsory in Louisiana, you can purchase medical payments insurance. Known as MedPay, it’s an add-on that covers your medical expenses in an accident regardless of fault.

Frequently Asked Questions About How Car Insurance is Calculated in Louisiana

MoneyGeek answers frequently asked questions to understand how to calculate insurance premiums in Louisiana.

How can I estimate how much my car insurance costs in Louisiana?
What are the most important factors companies used to calculate insurance costs in Louisiana?
How do I calculate how much car insurance I need?

Methodology

MoneyGeek partnered with Quadrant Data Services to get car insurance quotes from across Louisiana. Our data science team analyzed how personal factors impacted cost and incorporated our findings into our calculator to provide users with an accurate estimate of their expected yearly auto insurance costs. Read more about our methodology here.

About Mark Fitzpatrick


Mark Fitzpatrick headshot

Mark Fitzpatrick has analyzed the property and casualty insurance market for over five years, conducting original research and creating personalized content for every kind of buyer. Currently, he leads P&C insurance content production at MoneyGeek. Fitzpatrick has been quoted in several insurance-related publications, including CNBC, NBC News and Mashable.

Fitzpatrick earned a master’s degree in economics and international relations from Johns Hopkins University and a bachelor’s degree from Boston College. He is passionate about using his knowledge of economics and insurance to bring transparency around financial topics and help others feel confident in their money moves.