The Cheapest Car Insurance in Louisiana for 2022
The cheapest car insurance in Louisiana is from Southern Farm Bureau, which charges around $747 annually for a minimum coverage policy.
MoneyGeek compared insurance rates in Louisiana to find the most affordable providers. State Farm is the cheapest for young drivers, while Southern Farm Bureau has the lowest rates for most other drivers. By shopping around and comparing offers, drivers in Louisiana could save as much as $2,805 per year.
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The Cheapest Car Insurance in Louisiana
If you want to get a more accurate breakdown of car insurance rates by location, MoneyGeek analyzed the cheapest car insurance providers in Louisiana by city. We also ranked the best auto insurers in Louisiana based on their balance of affordability and quality service.
Why Trust MoneyGeek? Louisiana car insurance rates in this study are based on our analysis of data and information from the Louisiana Department of Insurance and Quadrant Information Services.
These rates were updated in August 2022 to reflect how car insurance rates in Louisiana have changed up to this month.
Cheapest Minimum Liability Car Insurance in Louisiana
When looking for the best car insurance in Louisiana, it’s important to evaluate 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.
On average, the cheapest car insurance companies in Louisiana for minimum coverage are:
- Southern Farm Bureau: $747 per year
- GEICO: $1,013 per year
USAA is the cheapest option for military members and their families at $716 on average per year. The costliest car insurance for full coverage is AAA, costing $1,732 per year on average.
CHEAPEST MINIMUM CAR INSURANCE IN LOUISIANA
These prices are only estimates based on rates for an average Louisiana driver and should not be used to compare insurance prices.
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Cheapest Full Coverage Car Insurance in Louisiana
While a full coverage insurance policy in Louisiana with higher liability limits and comprehensive and collision insurance costs more than minimum coverage, it also safeguards you against the cost of damages to your car as well as the other driver’s car if you cause an accident. To find the cheapest rates, be sure to compare car insurance quotes from several carriers.
On average, the most affordable car insurance companies for full coverage in Louisiana are:
- Southern Farm Bureau: $1,560 per year
- GEICO: $2,360 per year
USAA is the cheapest option for military members and their families at $1,529 on average per year. The most expensive car insurance for full coverage is AAA, costing $4,334 per year on average.
CHEAPEST FULL COVERAGE CAR INSURANCE 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.
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.
Drivers can use the MoneyGeek calculator to determine the cost of car insurance in Louisiana for an average driver. To get personalized quotes, however, they may need to provide more personal information. 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.
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Cheapest Car Insurance in Louisiana for Young Drivers
Younger drivers pay more for car insurance because they are relatively inexperienced behind the wheel. In Louisiana, 16-year-old drivers pay an average of $7,477 per year. Meanwhile, a 25-year-old driver pays $3,207 annually.
The cheapest car insurance company in Louisiana for drivers ages 16 to 25 is State Farm. MoneyGeek discovered that the company provides the lowest rates on average for six out of 10 ages within the 16-25 range. For the other ages in this range, Allstate is the best option.
ANNUAL CAR INSURANCE IN LOUISIANA FOR YOUNG DRIVERS
Age plays an important factor in determining car insurance prices, even for companies with affordable premiums. In Louisiana, State Farm is the cheapest auto insurer for drivers aged 16 and 25. However, the younger driver pays approximately $6,468 per year while the latter driver pays around $2,610 per year, amounting to a $3,858 difference.
Cheapest Car Insurance in Louisiana for Seniors
Senior drivers in Louisiana tend to be charged more than middle-aged drivers. The average cost of car insurance for senior drivers in Louisiana is $3,069 per year, compared to $2,944 for the average driver.
On average, the cheapest car insurance policies for seniors with full coverage are offered by:
- Southern Farm Bureau: $1,852 per year
- GEICO: $2,285 per year
For military members and their families, USAA is the cheapest option at $1,684 on average per year. The most expensive car insurance for senior drivers in Louisiana is AAA at $4,643 annually.
CHEAPEST CAR INSURANCE RATES FOR SENIORS
Car insurance prices increase as you age, even if you’ve maintained a perfect driving record. In Louisiana, seniors pay roughly $3,069 per year for car insurance, which is $125 more compared to the average driver.
Although insurance companies consider older adults as riskier to insure, seniors can still find affordable car insurance by shopping around. Doing this could save them up to $2,959 per year, based on our analysis.
Cheapest Car Insurance for Drivers With Tickets in Louisiana
Louisiana drivers with even minor driving violations in their history, such as tickets, will generally pay higher rates than those with a clean record. A driver with a speeding ticket in Louisiana is charged $3,703 per year on average for car insurance compared to $2,944 for clean drivers.
On average, the cheapest car insurance companies in Louisiana for a driver with a speeding ticket and full coverage are:
- Southern Farm Bureau: $1,759 per year
- State Farm: $2,529 per year
For military members, veterans and their families, USAA offers an affordable option at $1,929 on average per year. AAA is the most expensive option for drivers with tickets in Louisiana at an average of $5,779 per year.
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.
Cheapest Car Insurance for Drivers With a DUI in Louisiana
Louisiana drivers with a DUI on their record could pay $4,796 per year on average for their car insurance compared to $2,944 for those with a clean record.
On average, the cheapest car insurance companies in Louisiana for a driver with a DUI are:
- Southern Farm Bureau: $2,043 per year
- State Farm: $2,529 per year
USAA, available exclusively to military families, is the most affordable option at an average cost of $2,282 per year. AAA is the most expensive option, at $5,901 on average per year.
AVERAGE CAR INSURANCE RATES WITH A DUI
You might be subject to strict penalties after a DUI in Louisiana. You can face jail time, fines and license suspension on top of an increase in your car insurance rates.
If you have a DUI in Louisiana, you can still find affordable car insurance by shopping around and comparing quotes from various companies. MoneyGeek found that the difference between the state’s cheapest and priciest auto insurers for drivers with DUIs is $3,858 per year.
Cheapest in Louisiana for Drivers With an At-Fault Accident
In Louisiana, you will pay more for car insurance if you have an at-fault accident on your driving record. Drivers with at-fault accidents in the state pay an average of $4,317 annually for car insurance coverage. According to MoneyGeek, the lowest average car insurance rates in Louisiana if you have an at-fault accident are:
- Southern Farm Bureau: $1,977 per year
- State Farm: $2,694 per year
For eligible drivers with a military background, USAA is also one of the cheapest carriers, with an average cost of $2,272 per year. AAA is the most expensive insurer at approximately $6,328 annually.
CHEAPEST CAR INSURANCE WITH AN AT-FAULT ACCIDENT
Cheapest Car Insurance in Louisiana for Drivers With Bad Credit
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 $6,656 compared to $2,944 for the average driver with good credit.
On average, the cheapest car insurance companies in Louisiana for a driver with poor credit and full coverage are:
- Southern Farm Bureau: $2,779 per year
- GEICO: $3,555 per year
USAA is the most affordable option for military members and their families at an average cost of $2,510 per year. The most expensive option for drivers with bad credit in the state is AAA, at $11,580 on average annually.
CHEAPEST CAR INSURANCE RATES FOR DRIVERS WITH BAD CREDIT
Having a low credit score can negatively impact your car insurance rates. In Louisiana, car insurance is approximately $3,712 more expensive if you have bad credit.
Luckily, you can still find affordable car insurance in Louisiana despite having bad credit by shopping around and comparing offers. The difference between the state’s most affordable and priciest car insurers is $8,801 per year.
It’s also recommended that you pay off your existing debts so you can improve your credit score and save your car insurance premiums.
Cheapest Car Insurance in Louisiana for Military Drivers
USAA is Louisiana’s most affordable vehicle insurance company for current and former military members and their families. Its policies average $716 annually.
- Average rate: $716 per year
- Ranks cheapest out of seven insurers
USAA is Louisiana's cheapest auto insurance provider, with premiums costing an average of $716 per year. Policyholders can take advantage of USAA's extensive list of available discounts, which include policy bundling, completing a driver safety course, having a clean driving record for five years and insuring multiple vehicles. These discounts can significantly increase a USAA policy’s affordability.
Cheapest Car Insurance in Louisiana by City
In Louisiana, where you stay has a significant influence on your cost of car insurance. For instance, an average driver in Shreveport pays about $1,791 per year, while drivers with the same profile in Baton Rouge pay $2,361 per year.
Click on your city name to get more details about the average costs within your area.
AVERAGE INSURANCE RATE BY CITY IN LOUISIANA
Car Insurance in Louisiana: What You Need to Know
In Louisiana, you’re required to get car insurance with minimum coverage to register your vehicle or drive on the road.
Louisiana Insurance Requirements
In Louisiana, you must show proof of insurance when registering your vehicle or if you are pulled over by the police while driving. The state requires you to have at least liability insurance with the following coverage limits:
- $15,000 for bodily injury to one person
- $30,000 for bodily injury per accident
- $25,000 for property damage
A state minimum policy is the cheapest car insurance option in Louisiana. However, its coverage may not be enough for most people. Getting a full coverage policy is recommended to ensure more comprehensive financial protection.
If you’re looking for affordable car insurance rates in Louisiana, MoneyGeek suggests that you compare quotes from multiple companies and ask about discounts. Depending on your preferred insurer and situation, you may get a discount based on your driving record, the number of vehicles you’re insuring, driving distance, installation of anti-theft devices and other factors.
Alternatively, you’re allowed in Louisiana to submit evidence of financial responsibility instead of getting car insurance. You can do this by getting a surety bond, a real estate bond or depositing $30,000 to the state treasurer.
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 insight on car insurance in Louisiana, MoneyGeek received 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
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- 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.
- Veterans Data Central. "Supporting Veterans in Louisiana." Accessed January 18, 2021.