1. Home
  2. The Best Affordable Car Insurance in Louisiana for 2020

The Best Cheap Car Insurance Companies for Louisiana Drivers in 2020

Many drivers in Louisiana will be able to get cheap car insurance quotes to compare from the five top-rated auto insurance companies. Below are estimated costs per month from each company for the average driver. These prices are only estimates and may not be the same as the quotes you receive based on your own personalized factors.

Company
Amount
1. USAA
In 2020, USAA ranked #1 in Louisiana for the cheapest car insurance on average.
$1,580
per year
2. Southern Farm Bureau
In 2020, Southern Farm Bureau ranked #2 in Louisiana for the cheapest car insurance on average.
$1,612
per year
3. GEICO
In 2020, GEICO ranked #3 in Louisiana for the cheapest car insurance on average.
$2,437
per year
4. State Farm
In 2020, State Farm ranked #4 in Louisiana for the cheapest car insurance on average.
$2,442
per year
5. Allstate
In 2020, Allstate ranked #5 in Louisiana for the cheapest car insurance on average.
$2,845
per year

To get an accurate quote, it’s best to contact each company directly to provide your personal information. The factors that impact your car insurance premium are your age, where you live, the type of car(s) you drive, the deductibles you have and your driving and claims histories. You can use our guide and discount checklist to help when shopping for free car insurance quotes to make sure you’re getting the best and cheapest auto insurance rates.

The Best Car Insurance Companies in Louisiana for 2020

Sometimes, it’s hard to know which auto insurance company is the best to meet your needs. Luckily, AM Best and JD Power have created a scoring model to help you. They rate each car insurance company in Louisiana by checking specific factors: claims handling process, customer satisfaction, affordability and financial strength.

MoneyGeek has come up with a unique rating system that combines these ratings for the top-rated auto insurance companies in Louisiana in the table below, so you can easily see which companies are the best to meet your car insurance needs.

Expand all Rankings +

1

USAAScore: 95
+

4/5

User Satisfaction

5/5

Claims Ratings

4/5

Affordability

A++

Financial Stability

2

ErieScore: 92.5
+

4/5

User Satisfaction

5/5

Claims Ratings

4/5

Affordability

A+

Financial Stability

3

Auto-Owners Insurance CoScore: 90
+

4/5

User Satisfaction

3/5

Claims Ratings

4/5

Affordability

A++

Financial Stability

4

ALFAScore: 87.5
+

4/5

User Satisfaction

4/5

Claims Ratings

4/5

Affordability

A

Financial Stability

5

North Carolina Farm BureauScore: 87.5
+

4/5

User Satisfaction

4/5

Claims Ratings

4/5

Affordability

A

Financial Stability

6

GEICOScore: 85
+

3/5

User Satisfaction

3/5

Claims Ratings

3/5

Affordability

A++

Financial Stability

7

State FarmScore: 82.5
+

4/5

User Satisfaction

3/5

Claims Ratings

3/5

Affordability

A

Financial Stability

8

NationwideScore: 80
+

3/5

User Satisfaction

3/5

Claims Ratings

2/5

Affordability

A+

Financial Stability

9

TravelersScore: 80
+

2/5

User Satisfaction

3/5

Claims Ratings

2/5

Affordability

A++

Financial Stability

10

MetLifeScore: 80
+

2/5

User Satisfaction

3/5

Claims Ratings

3/5

Affordability

A+

Financial Stability


Market Share by Company

The National Association of Insurance Commissioners lists the top auto insurance companies who insure the most people in Louisiana. The top three are State Farm, Progressive and Allstate as shown in the table below with the percentage of residents insured by each company.

Company
Market Share
1. State Farm
31.62%
2. Progressive
14.70%
3. Allstate
11.13%
4. GEICO
10.29%
5. USAA
5.77%

Cheapest Car Insurance for Drivers With a DUI in Louisiana

Louisiana drivers can face various penalties if they are convicted of a DUI which can include jail time, fines, license suspension and more. Practicing safe driving habits and completely avoiding drinking and driving is the best way to avoid increases to your insurance rate due to a DUI. The table below shows the approximate cost per month for the average driver with a DUI in Louisiana.

Company
Amount
1. Southern Farm Bureau
In 2020, Southern Farm Bureau ranked #1 in Louisiana for the cheapest car insurance for drivers with a DUI.
$2,110
per year
2. USAA
In 2020, USAA ranked #2 in Louisiana for the cheapest car insurance for drivers with a DUI.
$2,357
per year
3. State Farm
In 2020, State Farm ranked #3 in Louisiana for the cheapest car insurance for drivers with a DUI.
$2,612
per year
4. Allstate
In 2020, Allstate ranked #4 in Louisiana for the cheapest car insurance for drivers with a DUI.
$3,687
per year
5. Progressive
In 2020, Progressive ranked #5 in Louisiana for the cheapest car insurance for drivers with a DUI.
$5,396
per year

A DUI on your driving record can affect your chances of getting cheap car insurance in Louisiana for at least 10 years. There are more costs to a DUI other than an increase in auto insurance premiums. Protect yourself by preventing a DUI in the first place to get the best and most affordable auto insurance that fits your budget.

Cheapest Car Insurance for LA Speeding or Distracted Driving Tickets

Tickets for speeding and distracted driving can stop you from getting cheap car insurance rates in Louisiana. There were 192 fatal car crashes caused by distracted driving between 2011 and 2015, recorded by the Louisiana Highway Safety Commission.The table below features what drivers in Louisiana can expect to pay for auto insurance after receiving a ticket for speeding or distracted driving.

Company
Amount
1. Southern Farm Bureau
In 2020, Southern Farm Bureau ranked #1 in Louisiana for the cheapest car insurance for distracted drivers.
$1,817
per year
2. USAA
In 2020, USAA ranked #2 in Louisiana for the cheapest car insurance for distracted drivers.
$1,993
per year
3. State Farm
In 2020, State Farm ranked #3 in Louisiana for the cheapest car insurance for distracted drivers.
$2,612
per year
4. GEICO
In 2020, GEICO ranked #4 in Louisiana for the cheapest car insurance for distracted drivers.
$3,186
per year
5. Allstate
In 2020, Allstate ranked #5 in Louisiana for the cheapest car insurance for distracted drivers.
$3,278
per year

Distracted driving is much more than using or talking on your cell phone, it also includes eating, drinking, playing with the radio and talking to passengers. Anything that takes your eyes or attention off the road is considered a distraction. Consult our guide for tips on how to avoid distracted driving and keep your auto insurance as affordable as possible.

Cheapest Car Insurance Companies in LA for Drivers With Bad Credit

Credit scores are used to help determine what your auto insurance premium is, so having bad credit can mean that you’re not eligible for the cheapest car insurance rates in Louisiana. According to Experian, the national average credit score was 703 in 2019, and the average score in Louisiana was 677. So, there’s a good chance that a driver in Louisiana will have a credit score lower than the national average. You can see below what the average monthly cost is for a driver with bad credit in the state.

Company
Amount
1. USAA
In 2020, USAA ranked #1 in Louisiana for the cheapest car insurance for drivers with poor credit.
$2,592
per year
2. Southern Farm Bureau
In 2020, Southern Farm Bureau ranked #2 in Louisiana for the cheapest car insurance for drivers with poor credit.
$2,870
per year
3. GEICO
In 2020, GEICO ranked #3 in Louisiana for the cheapest car insurance for drivers with poor credit.
$3,672
per year
4. Allstate
In 2020, Allstate ranked #4 in Louisiana for the cheapest car insurance for drivers with poor credit.
$3,881
per year
5. State Farm
In 2020, State Farm ranked #5 in Louisiana for the cheapest car insurance for drivers with poor credit.
$4,131
per year

Determining your ability to pay premiums along with the likelihood of you filing claims are the main reasons why auto insurance companies in Louisiana use credit scores to determine rates. If you think you have bad credit and want to improve your score, check out our helpful guide about improving credit scores.

Cheapest Car Insurance Companies in Louisiana for Seniors

Senior drivers in Louisiana will have to renew their driver’s license in person, submit to an eye exam, and in some circumstances, take a written test once they turn 70. Seniors may also find that they no longer qualify for the cheapest auto insurance rates as they age. As you can see below, the approximate rates vary depending on the company when getting car insurance quotes for seniors in Louisiana.

Company
Amount
1. USAA
In 2020, USAA ranked #1 in Louisiana for the cheapest car insurance for seniors.
$1,740
per year
2. Southern Farm Bureau
In 2020, Southern Farm Bureau ranked #2 in Louisiana for the cheapest car insurance for seniors.
$1,913
per year
3. GEICO
In 2020, GEICO ranked #3 in Louisiana for the cheapest car insurance for seniors.
$2,360
per year
4. State Farm
In 2020, State Farm ranked #4 in Louisiana for the cheapest car insurance for seniors.
$2,518
per year
5. Allstate
In 2020, Allstate ranked #5 in Louisiana for the cheapest car insurance for seniors.
$3,028
per year

Older drivers may find that their reflexes are slower, their vision is worsened and reaction times are reduced as they age. All of these factors are reasons why seniors don’t always get the most affordable auto insurance premiums in Louisiana. This guide offers tips for best driving habits as well getting cheap car insurance as you age.

Cheapest Car Insurance for Students

Louisiana Car Insurance: How Much a Teen Driver Will Cost You

Median annual price change for families with a teen driver on their policy:

$3,790 INCREASE

This is a difference of 159%.

Prepare for a jump in premiums when you add your teenager to your auto insurance policy. Still, it is important to shop around because prices can vary greatly. Keep an eye out for discounts like full-time students who have a B average or higher, successful completion of a safe driver course, and college students who go to college at least 100 miles away from home.

Unless your child has become a permanent resident of another state, most companies will not require you to make any changes to your policy when your child goes to college. The rates shown below are estimates on how much you can expect to pay with a young driver on a family plan.



Company
Amount
1. State Farm
In 2020, State Farm ranked #1 in Louisiana for the cheapest car insurance for students.
$5,873
per year
2. Allstate
In 2020, Allstate ranked #2 in Louisiana for the cheapest car insurance for students.
$6,045
per year
3. GEICO
In 2020, GEICO ranked #3 in Louisiana for the cheapest car insurance for students.
$6,174
per year
4. Progressive
In 2020, Progressive ranked #4 in Louisiana for the cheapest car insurance for students.
$8,588
per year

Premium Comparison by Student Type

PREMIUM COMPARISON FOR TWO ADULTS + 16-YEAR-OLD

car
Average premium for two 2014

Mustang GTs

$8,559
car
Average premium for two 2008

Town and Country Limiteds

$5,461
Annual benefits of minivans:$3,098 saved

This is 36% less expensive.

Cheaper premium for college vs. high school drivers

Median premium change with a college student vs. high school driver:

$1,909 DECREASE

This is a savings of 29%.

Potential discounts for teens in Louisiana

Impact on annual premium with good student and defensive driving discounts:

coins
$853 SAVED

Louisiana students: a long-distance discount

You may pay a smaller annual family premium if your child lives 150 miles or more away from home.

male
Average premium for a 19-year-old male
car

$5,652 at home

graduation

$4,689 at school

$963 IN SAVINGS

female
Average premium for a 19-year-old female
car

$4,791 at home

graduation

$4,108 at school

$683 IN SAVINGS

Insurance Rate Information for Military Drivers and Veterans

Louisiana has around 13,000 active-duty military personnel and approximately 267,938 veterans. If you are a veteran or an active duty member of the military, be sure to shop around to get the best rate on your car insurance. Companies like USAA or AFI specialize in military and veteran families, however, many other insurance companies offer discounts as well.

If you are a permanent resident of Louisiana on active duty outside the state, you can renew your license (except a commercial license) by mail. If you don't, it will still be valid for 60 days after you return home from deployment.

If you lose your license while stationed outside the state, you can apply for a duplicate license by mail by following a few steps. Your best bet is to have your license flagged as "military" in the Louisiana DMV computer system as soon as you enter the Armed Forces. If you are a resident of another state temporarily stationed in Louisiana, you can keep your license from your home state.

Age savings for Louisiana service members

male
25 years$1,945
50 years$1,489
female
25 years$1,846
50 years$1,518

$456 Saved
$328 Saved

Median auto insurance for service members: $1,654

Who Needs Car Insurance in Louisiana?

All vehicles registered in Louisiana must carry liability insurance, or another form of evidence of financial responsibility (either a surety bond, real estate bond or $30,000 deposited with the state treasurer).

If you cancel your insurance, you have to turn your license plate in to the Office of Motor Vehicles. If you don't plan to drive your vehicle on any Louisiana roads, but you still want to keep it registered, submit a Vehicle Statement of Non-Use before you cancel the liability insurance. You can do that online at the Office of Motor Vehicles.

Proof of Insurance in Louisiana

You must show proof of insurance when you register your vehicle and when pulled over by the police. You can show either a copy of the policy, the insurance card, or a letter signed by the insurance agent on the company letterhead describing the vehicle and including the vehicle identification number.

Minimum Liability Insurance Requirements in Louisiana

Louisiana requires that you show proof of liability insurance when you register your vehicle. Currently, the minimum insurance requirements are:

  • $15,000 for bodily injury to one person
  • $30,000 for bodily injury to more than one person in a single accident
  • $25,000 coverage for damage to someone else's vehicle or other property

Car Insurance Requirements in LA: How Much Coverage Do You Need?

What percentage of drivers in Louisiana lack vehicle insurance?

13%

National average: 13%

Source:

Insurance Information Institute.

To protect your assets, insurance experts regularly recommend you purchase more than the minimum insurance required by law. In Louisiana, however, the high cost of insurance premiums combined with relatively low-income levels makes paying for automobile insurance difficult.

When deciding how much insurance you can afford, be sure to shop around and ask about discounts. Depending on the company and your situation, you could get a discount based on your driving record, insuring multiple vehicles, limited driving distances and the installation of anti-theft devices, just to name a few.


Auto Insurance Rates

Compare Auto Insurance Rates

Ensure you're getting the best rate for your car insurance. Compare quotes from the top insurance companies.





Sources