Quick Answer: What is the average cost of auto insurance 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.

Who has 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
Louisiana Farm Bureau $1,009 $2,651
Southern Farm Bureau $607 $1,871
State Farm $830 $3,119
USAA $757 $2,035

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.

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Why is Louisiana car insurance so high?

While many people agree that auto-related lawsuits are a major reason for Louisiana’s high insurance premiums, other factors may also contribute to these rates: With nearly 14% of drivers being uninsured and about 40% being insured at the minimum required level, insurance companies are more wary of Louisiana drivers.

What is the best auto insurance in Louisiana?

Best car insurance companies in Louisiana

Provider J.D. Power customer satisfaction score out of 1,000 AM Best financial rating
Allstate 832 A+ (Superior)
Progressive 849 A+ (Superior)
State Farm 849 A++ (Superior)
Geico 857 A++ (Superior)

How much is a ticket 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.

How much is full coverage insurance 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.

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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.

Is Mississippi car insurance cheaper than Louisiana?

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
24 Nebraska $1,383
25 Nevada $1,380
26 Mississippi $1,378
27 Alabama $1,358

Why is Louisiana insurance so expensive?

Louisiana remains among the most expensive states for car insurance because of a number of factors, including a high rate of uninsured drivers as well as a high rate of auto litigation. Many Louisiana drivers who do buy insurance have minimum coverage. … State Farm insures roughly a third of all Louisiana drivers.

What is the most expensive type of insurance?

Whole life insurance is considered to be the most expensive type of life insurance. Its premiums can be as much as five to 10 times more expensive than term life insurance premiums.

What states have the cheapest car insurance?

Which U.S. states have the cheapest car insurance? The states with the most affordable car insurance rates are Ohio, New Hampshire and North Carolina. Each of these eastern states boasts average auto insurance rates at least 40% lower than the national average of $124 per month.

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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.

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’s the cheapest car insurance in Lafayette Louisiana?

Cheapest Car Insurance in Lafayette, LA

Cheapest Companies Quotes
State Farm $214/mo
Progressive $266/mo
American Family $512/mo
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