Cheapest Car Insurance in Louisiana (June 2024)

The cheapest auto insurance provider in Louisiana for most drivers is Louisiana Farm Bureau. GEICO is also a great option, depending on the driver's profile.

MoneyGeek also determined the best car insurance in Louisiana for affordability and service quality.

Our analysis of the cheapest car insurance policies that only meet the minimum state requirements indicates that the cheapest insurers in Louisiana are:

• Louisiana Farm Bureau: $471 per year
• GEICO: $586 per year

Allstate, which has an average annual cost of $1,348, is the priciest option for the minimum liability policy. Policies with minimum state-required limits cover third-party bodily injury and property damage costs.

The state minimum policy is the cheapest way to access car insurance in Louisiana, but it only covers injuries and property damage to third parties and can leave you vulnerable to a substantial financial loss from an at-fault accident. If you wish to get coverage for your car during an accident, get a full coverage policy with comprehensive and collision insurance.

In Louisiana, the cheapest providers of full coverage car insurance on average are:

• Louisiana Farm Bureau: $980 per year
• GEICO: $1,697 per year

If you are considering getting a policy from Allstate, know it’s the most expensive, at an average of $4,112 per year.

Full coverage car insurance offers more protection in an at-fault accident than minimum coverage. Aside from standard liability insurance, you will get coverage for damage to your vehicle, along with damage from theft, vandalism and other non-collision losses.

A full coverage policy from Louisiana Farm Bureau costs significantly more. Its minimum state policy from it will be $509 cheaper on average than its full coverage policy.

MoneyGeek’s sample full coverage car insurance policy used in this study includes liability protection with the following limits:

• $100,000 bodily injury liability per person
• $300,000 bodily injury liability per accident
• $100,000 property damage liability per accident

How much you pay for auto insurance will depend on how much car insurance you need. A policy with lower liability limits, such as a minimum liability policy, will cost you less but provide limited protection. You may also save on costs by choosing a higher deductible for collision, comprehensive or both.

You can obtain a car insurance quote from most carriers online, and the process will typically take you a maximum of 15 minutes. Comparing quotes manually from multiple insurers can take a while, as you must provide personal details for each request.

Using MoneyGeek’s auto insurance calculator, you can quickly compare rates from various insurers across rating factors that match your profile. They include age, gender, driving history and the coverage amount.

Age is one of the biggest factors affecting car insurance rates in Louisiana. MoneyGeek found that State Farm and Louisiana Farm Bureau offer the cheapest options, depending on what age group you and your family belong to.

MoneyGeek discovered that the cheapest car insurance companies in Louisiana for teens on a family policy are:

• State Farm: $4,750 per year for male teens and $3,847 per year for female teens
• GEICO: $5,417 per year for male teens and $5,032 per year for female teens

Allstate has the highest premium for teens, costing $8,557 per year for families with male teens and $7,508 for those with female teens.

Due to the diminishing car insurance rates for teens as they age, there is a significant premium difference for 16- and 19-year-old drivers, with the latter paying the lowest. For 19-year-old male drivers in Louisiana, the car insurer offering the most affordable rate is State Farm ($3,656 per year).

Parents can save money on premiums by adding teens to their policies instead of purchasing separate policies for them. And it is illegal for a minor teen to buy their own policy without the written consent of a parent or guardian. For example, an individual policy for a 16-year-old costs roughly $10,892 per year, whereas adding the same driver to the family’s policy costs an average of $6,125, showing a huge difference of around $4,767 per year.

Families with teen drivers can also reduce their premiums by leveraging discounts for young drivers. The cheapest insurers in Louisiana offer good student discounts, and most also provide distant student discounts. In addition, Allstate and State Farm have lower rates for young drivers who complete a certified driver education course.

Drivers in their 20s can find the cheapest auto insurance in Louisiana from the following carriers:

• Louisiana Farm Bureau: $1,504 per year
• GEICO: $1,732 per year

Allstate is the most costly insurance provider for young adults in Louisiana, with an average annual cost of $4,594. On average, drivers in their 20s pay $461 more for a Louisiana Farm Bureau auto insurance policy than middle-aged drivers pay for the same policy.

For seniors, you may consider the following companies for the cheapest full coverage car insurance in Louisiana:

• Louisana Farm Bureau: $1,213 per year
• GEICO: $1,775 per year

Allstate is the insurer with the highest full coverage policy cost. Louisiana seniors will pay about $4,174 per year for a policy from this insurer.

MoneyGeek found that policy costs in Louisiana for senior drivers vary slightly from those for middle-aged drivers. Those in their 60s pay an average of $167 more per year than a 40-year-old for a full coverage policy. Rates increase with age, and you will likely pay higher premiums once you reach your 70s and 80s.

Some insurers in Louisiana offer discounts that can help senior drivers save on auto insurance. Specifically, GEICO and Allstate offer a senior driver discount, whereas State Farm and Progressive offer safe driving discounts. You may also secure the best rates by comparing quotes from multiple insurers.

Louisiana Farm Bureau has the cheapest coverage for drivers with a speeding ticket, DUI, or an at-fault accident. GEICO is the most affordable provider for drivers of sports cars. Traffic violations may significantly increase your car insurance rates. Consider taking a safe driver course or fixing errors on your record to keep your rates at a minimum.

The cheapest car insurance provider in Louisiana for people with poor credit is Louisiana Farm Bureau.

The most affordable providers of full coverage auto insurance in Louisiana if you have a speeding ticket are:

• Louisiana Farm Bureau: $1,131 per year
• State Farm: $2,218 per year

Allstate provides the highest rates for drivers with speeding tickets at an average cost of $4,715 annually. Typically, rates spike after a speeding ticket, costing an average of $549 more than drivers with a clean record pay for the same coverage.

MoneyGeek discovered that the lowest car insurance rates in Louisiana for drivers with at-fault accidents are from:

• Louisiana Farm Bureau: $1,268 per year
• State Farm: $2,405 per year

The most expensive insurer to consider for a policy if you have an at-fault accident is Allstate, costing about $5,157 per year. According to our findings, you pay an average of $1,022 more annually for a full coverage policy if you have an at-fault accident.

The cheapest full coverage car insurance companies in Louisiana if you have a DUI are:

• Louisiana Farm Bureau: $1,358 per year
• State Farm: $2,218 per year

Allstate is the most expensive insurer in the state for those with DUIs, with an average annual rate of $5,248. You will pay an average of $1,036 more than a driver with a clean record if you get a DUI.

The most affordable auto insurance providers in Louisiana for full coverage with a poor credit score are:

• Louisiana Farm Bureau: $1,758 per year
• GEICO: $2,565 per year

AAA has the highest coverage cost. Drivers with poor credit pay an average of $5,925 per year with this insurer.

Insurers create a proprietary credit-based insurance score based on a consumer's credit history. A good credit score, ideally above 750, can get you the lowest rates because insurers consider you a low-risk driver. A credit score below 580 can increase your full coverage car insurance rates by $1,805, on average, per year.

Most states, including Louisiana, allow insurance providers to determine auto insurance costs using your credit history.

Insurers have determined that having a low credit-based insurance score increases your probability of filing a claim. Therefore, they will charge higher premiums if you have poor credit.

You can reduce your premiums over time by improving your credit. In the meantime, you can secure the cheapest car insurance policy by comparing quotes from different lenders and leveraging discounts that match your profile.

The top two companies offering the cheapest full coverage auto insurance in Louisiana for sports cars are:

• GEICO: $2,026 per year
• State Farm: $2,354 per year

With an average annual cost of $4,731, Allstate is the priciest.

Insurance rates for sports cars are typically higher than other cars due to the high cost of replacing a stolen or totaled vehicle. Louisiana’s full coverage car insurance costs an average of $735 more annually if you have a sports car.

MoneyGeek used a Ford Mustang to source sample quotes for sports cars from insurers in Louisiana. Depending on your car model, you will likely pay more or less than the cost estimates in this study. Electric, sports and luxury cars are usually more costly to insure than other models, although this is not true in all states. Several other factors also impact your rates.

For active-duty and retired military veterans, MoneyGeek found that the cheapest auto insurance carrier in Louisiana is Louisiana Farm Bureau. The insurer’s full coverage policies cost an average of $980 per year.

USAA is also available for members of the military community at $1,481 per year. USAA is a company that specializes in providing services for veterans and active-duty military personnel and their families. It's accessible in every state and Washington, D.C., and offers quality customer service without sacrificing cost.

Another option for military-focused coverages and discounts is GEICO. You may save up to 15% on your policy's premium.

Your auto insurance premium tends to vary depending on where you live. Drivers residing in areas with high theft, vandalism or accident rates are more likely to submit claims. Therefore, they usually pay higher premiums.

The city of Shreveport has the cheapest full coverage car insurance in Louisiana. The policy is from Louisiana Farm Bureau and costs approximately $1,392 annually. New Orleans has the priciest policy, also from Louisiana FarmvBureau, costing $2,203 annually.

The following table compares rates across the cheapest insurers in Louisiana cities.

The state minimum car insurance policies in Louisiana are comprised of bodily injury liability and property damage liability. Insurers also offer medical payments coverage and uninsured/underinsured motorist coverage, but these are not required.

Louisiana’s car insurance policies must meet the minimum required limits by the state and include bodily injury liability and property damage liability protection. Purchasing the state minimum insurance policy is the most affordable option, but you will receive the least protection.

High-risk traffic violations, such as speeding tickets or DUIs, require you to get SR-22 insurance, which will be submitted to the state by your insurance provider. SR-22 insurance is more costly than standard insurance and may require you to purchase coverage from a non-standard insurer that specializes in high-risk drivers.

To ensure your policy meets your insurance needs adequately, we suggest at least $100,000 in bodily injury liability per person and $300,000 per accident, with $100,000 in property damage liability per accident.

If you finance or lease your car, your lender may require a full coverage policy with comprehensive and collision insurance. You should also get full coverage if you have a valuable car, as this can save you a lot of repair and replacement costs in the event of an accident.

Comprehensive coverage usually covers the cost of damage from non-collision incidents like theft, vandalism, fire and weather hazards. Collision coverage pays for damage from hitting another vehicle or an object, like a building or a tree. Collision also covers rollover accidents and pothole damage.

You need to carry a 15/30/25 minimum liability insurance policy in Louisiana. If you have the finances to compensate other drivers without relying on insurance, you can apply for a self-insurance certificate from the Office of Motor Vehicles.

The certificate serves in place of a standard policy, acting as proof of insurance. It is usually valid for a year, and you must reapply annually. If you purchase a new car, you can add it to your self-insurance certificate by providing proof of ownership.

Car insurance policy rates often vary significantly due to multiple factors. MoneyGeek answered the frequently asked questions about cheap auto insurance in Louisiana to ensure you choose the best coverage for your profile.