The price of an auto insurance premium depends on various factors. It is necessary to get multiple quotes based on your circumstances and driving history to find the best car insurance for you. MoneyGeek ranked the top carriers in Louisiana by considering affordability, customer satisfaction, financial strength and claims experience. When you compare car insurance premiums from some of the best providers in Louisiana, you could save up to $2,897.
The Best Cheap Car Insurance in Louisiana for 2021
The Cheapest and Best Car Insurance in Louisiana
When looking for the best car insurance in Louisiana, it’s important to take stock of what you want in a policy. If low prices are your highest priority, the cheapest car insurance in Louisiana is a minimum coverage liability policy. Liability car insurance meets the state’s minimum car insurance requirements.
The cheapest car insurance companies in Louisiana for minimum coverage are:
- USAA: $740 per year (only available to current and former military members)
- Southern Farm Bureau: $772 per year
The most expensive car insurance for minimum coverage is MetLife, with average costs of $2,519 per year.
Average Cost for Minimun Liability Coverage
Costs are only averages and should be used as a guide to compare prices between insurers.
These prices are only estimates based on rates for an average Louisiana driver and should not be used to compare insurance prices.
A minimum coverage package in Louisiana is the cheapest available but only covers bodily injury and property damage liability protection. Consumers looking to cover damages to their vehicle, or enhance their protection against higher liability costs, should consider purchasing a full coverage policy.
A full coverage policy with higher liability limits and comprehensive and collision insurance can financially protect you in the event of most on- and off-road accidents in Louisiana. While a full coverage plan costs more than minimum coverage, it also safeguards you against the cost of damages to your car, as well as the other driver’s, if you get into an accident. To find the cheapest rates, be sure to compare car insurance quotes from several carriers.
The most affordable car insurance companies in Louisiana for full coverage are:
- USAA: $1,580 per year (only available to current and former military members)
- Southern Farm Bureau: $1,612 per year
The costliest car insurance for full coverage is AAA, costing $4,477 per year on average.
Average Comprehensive and Collision Rates in Louisiana
Your car insurance premiums will likely be different from these examples. Costs are for a policy with comprehensive and collision insurance and $100,000 in bodily injury liability coverage per person, $300,000 in bodily injury liability coverage per accident and $100,000 in property damage coverage per accident.
The Best Car Insurance Companies in Louisiana for 2021
Based on MoneyGeek’s research, the best car insurance companies in Louisiana for most drivers are:
- Best Overall: GEICO
- Runner-up: State Farm
USAA received the highest score in Louisiana by MoneyGeek's rating system. However, because USAA is only available to military members, veterans and their families, it is not listed as best overall.
MoneyGeek used a combination of relevant factors like affordability, claims experience, customer satisfaction and financial strength to rank the best car insurance companies in Louisiana. In calculating scores, MoneyGeek considered the results of J.D. Power’s U.S. Auto Insurance Study and AM Best's financial strength ratings and evaluated industry standards for rating and reviewing insurance providers. Every criterion was ranked equally to formulate the final scores out of 100.
This company only serves veterans, current military personnel and their families. MoneyGeek’s data rated it the best car insurance company in Louisiana, with an overall score of 95 out of 100.
USAA is consistently one of the cheapest insurers across the country — this is also true in Louisiana. If your parent uses USAA, great news — this carrier provides discounts to policyholders whose parents are also USAA customers. USAA also offers lower rates to active military members who garage their vehicles at their base.Read MoneyGeek's USAA auto Insurance Review
GEICO is the runner-up in MoneyGeek’s list of best Louisiana car insurance companies. This provider received good scores for user satisfaction, affordability and claims ratings.
GEICO offers a broad range of convenient features to Louisiana consumers, such as an online quote tool and mobile app. You can use the quote tool to find out your premium costs and adjust your coverages. With the mobile app, you can track your policy and submit claims with ease.Read MoneyGeek's GEICO auto Insurance Review
While USAA scores highly in many areas, this provider is only available to military members, veterans and their families.
List of the Largest Insurance Companies in Louisiana
The largest three insurance companies in Louisiana by market share are State Farm (31.6%), Progressive (14.7%) and Allstate (11.1%). Market share is measured as the number of premiums written by an insurance company divided by the total number of premiums written in the state. Large insurers are more likely to be financially stable and reimburse claims consistently. A big company may not be the best or most suitable provider for every driver, but it does assure more security for consumers.
- CompanyMarket Share
How to Compare Cheap Louisiana Car Insurance Quotes Online
You can get a reasonably accurate car insurance quote on the websites of most companies. If you get a quote with one provider for $100,000 in bodily injury liability insurance, make sure to use the same number when comparing quotes from another insurer.
Input your ZIP code below to compare rates or use MoneyGeek’s price data to decide where to compare quotes. In Louisiana, the three cheapest car insurance companies are USAA, Southern Farm Bureau and GEICO. If affordability is important to you, we recommend you start your search by getting quotes from these carriers.
What Is the Average Cost of Car Insurance in Louisiana?
The cost of auto insurance premiums depends on factors specific to the driver. MoneyGeek calculated Louisiana’s average rates for comprehensive and collision coverage for a typical driver, defined as a 40-year-old male with a Toyota Camry and a clean driving record. Your costs can be significantly higher or lower than the state averages depending on your age, credit score, driving history and location.
- Average Driver: $3,041
- DUI: $4,953
- Speeding Ticket: $3,825
- Poor Credit Score: $5,829
- Seniors: $3,170
- Students: $6,731
Drivers in Louisiana with a severe driving offense in their history, such as driving under the influence (DUI), pay higher rates because they’re considered riskier to cover by insurers. Louisiana drivers with a DUI on their record need to pay $4,953 per year on average for their car insurance compared to $3,041 for those with a clean record.
The cheapest car insurance companies in Louisiana for a driver with a DUI and full coverage are:
- Southern Farm Bureau: $2,110 per year
- USAA: $2,357 per year (only available to current and former military members)
Average Car Insurance Rates With a DUI
Louisiana drivers with even minor driving violations in their history, such as tickets, will generally need to pay higher rates than those with a clean record. A driver with a speeding ticket in Louisiana is charged $3,825 per year on average for car insurance compared to $3,041 for clean drivers.
The cheapest car insurance companies in Louisiana for a driver with a speeding ticket and full coverage are:
- Southern Farm Bureau: $1,817 per year
- USAA: $1,993 per year (only available to current and former military members)
Average Car Insurance Rates With a Ticket
There were 192 fatal car crashes caused by distracted driving between 2011 and 2015, recorded by the Louisiana Highway Safety Commission. 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. Avoid distracted driving to keep your auto insurance as affordable as possible.
Louisiana drivers with low credit scores are charged higher rates than those with higher credit scores. The average annual cost of car insurance for drivers in Louisiana with poor credit scores is $5,829 compared to $3,041 for the average driver with good credit.
The cheapest car insurance companies in Louisiana for a driver with poor credit and full coverage are:
- USAA: $2,592 per year (only available to current and former military members)
- Southern Farm Bureau: $2,870 per year
Average Car Insurance Rates for Drivers With Bad Credit
Senior drivers in Louisiana tend to be charged slightly more than young and middle-aged drivers. The average cost of car insurance for senior drivers in Louisiana is $3,170 per year, compared to $3,041 for the average driver.
The cheapest car insurance policies for seniors with full coverage are offered by:
- USAA: $1,740 per year (only available to current and former military members)
- Southern Farm Bureau: $1,913 per year
Average Car Insurance Rates for Seniors
10.1% of drivers involved in fatal Louisiana accidents in 2017 were age 65 or older. Senior drivers in Louisiana will have to renew their driver’s license in person and submit to an eye exam. In some circumstances, they may need to 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 in the above table, the approximate rates vary depending on the company when getting car insurance quotes for seniors in Louisiana.
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. Seniors should practice safe driving to get cheap car insurance.
Young student drivers in Louisiana tend to be charged far more than adult drivers. Student drivers pay $6,731 per year on average for their car insurance, compared to $3,041 by the average driver. Rates for students tend to be significantly higher than rates for adults because they’re more inexperienced and therefore considered high-risk drivers.
The cheapest car insurance companies in Louisiana for student drivers with full coverage are:
- State Farm: $5,873 per year
- Allstate: $6,045 per year
Average Car Insurance Rates for Students
While rates can be high for young drivers, auto insurance discounts are available for some students. These discounts may be given to students who earn a B average or higher, complete a safe driver course or go to college at least 100 miles away from home.
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 license replacement 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.
Average Rates for Louisiana service members
Car Insurance in Louisiana: What You Need to Know
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 in your license plate 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.
Proof of Insurance in Louisiana
You must show proof of insurance when you register your vehicle or 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 per accident
- $25,000 for property damage
How Much Coverage Do You Need in Louisiana?
To protect your assets, insurance experts regularly recommend you purchase more than the minimum insurance required by law. However, in Louisiana, the high cost of insurance premiums can make 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 or installing anti-theft devices, just to name a few.
Average Insurance Rate by City in Louisiana
FAQs About Car Insurance in Louisiana
MoneyGeek helps consumers in Louisiana make informed buying decisions by answering their common questions about car insurance prices and top-notch providers.
Expert Advice on Finding Cheap Car Insurance in Louisiana
To help you find credible and accurate information on car insurance in Louisiana, MoneyGeek gathered expert advice from trusted professionals. The perspectives and opinions expressed are those of the individual contributor.
- What steps can drivers in Louisiana take to find affordable car insurance?
Professor of Practice - Freeman School of Business at Tulane University
About the Author
- Clearsurance. "How long does a DUI stay on your record?." Accessed January 18, 2021.
- DMV.org. "Replacing a Lost License in Louisiana." Accessed January 18, 2021.
- Experian. "2019 Consumer Credit Review." Accessed March 11, 2020.
- Governing: The Future of States and Localities. "Military Active-Duty Personnel, Civilians by State." Accessed January 18, 2021.
- Louisiana Department of Insurance. "Consumer’s Guide to Auto Insurance." Accessed March 11, 2020.
- Louisiana Highway Safety Commission. "Distracted Driving." Accessed March 11, 2020.
- Louisiana Office of Motor Vehicles. "Am I required to do an out-of-state driver’s license transfer?." Accessed January 18, 2021.
- National Association of Insurance Commissioners. "2018 Market Share Reports." Accessed January 18, 2021.
- Veterans Data Central. "Supporting Veterans in Louisiana." Accessed January 18, 2021.