Quick Answer: How expensive is car insurance in Louisiana?

How much is car insurance per month in Louisiana?

Car insurance in Louisiana costs $105 per month, on average, or $1,263 per year. The average cost of car insurance in Louisiana is 75% higher than the national average auto insurance premium, and Louisiana ranks 47 out of 50 for the most affordable car insurance rates in the U.S.

How much does car insurance cost in Louisiana?

The average car insurance price in Louisiana is $2,225 per year — 55.9% more than the US average. But car insurance prices are dictated by factors other than state lines. Car insurance rates price based on myriad components, including your credit score, driving record, age, gender, and marital status.

What is the cheapest car insurance in Louisiana?

The cheapest car insurance in Louisiana

Car insurance company Average annual premium for minimum coverage Average annual premium for full coverage
Geico $575 $2,211
Louisiana Farm Bureau $1,009 $2,651
Southern Farm Bureau $607 $1,871
State Farm $830 $3,119
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Why is car insurance in Louisiana so expensive?

Car insurance in Louisiana is expensive because state lawyers strongly encourage lawsuits for even minor car accidents, dramatically raising operating costs for insurers. In Louisiana, you can expect to pay approximately $2,549 per year for full coverage car insurance or $1,150 per year for minimum coverage.

Do I need car insurance in Louisiana?

Louisiana law only requires drivers to carry minimum liability coverage on any automobile they own or risk facing costly penalties such as fines and car impoundment. Auto lenders may require additional coverages such as collision and/or comprehensive insurance.

Does Louisiana have the highest car insurance?

Louisiana drivers are paying $1,981 more on average than drivers in Maine. The national average this year came in at $1,428, which is a decrease of 6% from last year.

Car insurance rates by state 2021.

Rank State Average premiums
1 Louisiana $2,839
2 Michigan $2,112
3 Florida $2,082
4 California $1,966

Who has the best car insurance rates in Louisiana?

Best car insurance companies in Louisiana

Car insurance company Bankrate Score Average annual full coverage premium
USAA* 4.8 $2,035
Geico 4.6 $2,211
State Farm 4.4 $3,119
Progressive 4.1 $3,099

What is the fine for no insurance in Louisiana?

The penalties for driving without car insurance in Louisiana include: Take proof of insurance to an OMV office. Pay a fine of at least $100 on your first offense, and $250 on a second offense, up to $700 for further offenses.

What is the minimum auto insurance coverage in Louisiana?

The following coverage is required by the state of Louisiana to legally operate a motor vehicle: Bodily injury liability coverage: The minimum legal requirement is $15,000 per person and $30,000 per accident. Property damage liability coverage: The minimum legal requirement is $25,000.

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What is a fair price for car insurance?

The national average cost of car insurance is $1,592 per year, according to NerdWallet’s 2021 rate analysis. That works out to an average car insurance rate of about $133 per month. But that’s just for a good driver with good credit — rates vary widely depending on your history.

What is full coverage auto insurance in Louisiana?

Full coverage insurance in Louisiana is usually defined as a policy that provides more than the state’s minimum liability coverage, which is $15,000 in bodily injury coverage per person, up to $30,000 per accident, and $25,000 in property damage coverage.

How do I find the cheapest car insurance?

The best way to get cheap car insurance in California is to compare quotes from different insurance companies. Many California drivers can save as much as $1,000 per year, or even more, just by shopping around and going with one of the cheapest quoted rates.

Is Louisiana a no fault state?

No, Louisiana is not a no-fault state. Louisiana is an at-fault (or “tort”) state. That means the driver who causes an accident uses their insurance to pay for the other driver’s bills from the collision. … Depending on their coverage, they might have insurance for their own damages, too.

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