Who Has the Cheapest Car Insurance Quotes in Louisiana? (2022)
Who Has the Cheapest Car Insurance Quotes in Louisiana? (2022)
Farm Bureau has the best cheap car insurance quotes in Louisiana, at $549 per year, or $46 per month, for minimum liability coverage.
Find Cheap Auto Insurance Quotes in Louisiana
The average cost of car insurance in Louisiana is $1,002 per year, or $84 per month, for a minimum liability policy.
Cheapest car insurance quotes in Louisiana: Farm Bureau
Farm Bureau has the cheapest car insurance rates in Louisiana. At $549 a year for minimum coverage, Farm Bureau's 45% less expensive than the state average.
Find Cheap Auto Insurance Quotes in Louisiana
Company | Annual rate | Monthly rate |
|---|---|---|
| Farm Bureau | $549 | $46 |
| State Farm | $770 | $64 |
| Geico | $1,332 | $111 |
| Progressive | $1,356 | $113 |
| Safeway | $1,366 | $114 |
| USAA | $638 | $53 |
USAA is only available to current and former military members and their families.
Although a minimum liability policy fulfills the legal requirements to drive a car in Louisiana, the coverage it offers may not be enough to cover your costs in the event of a major accident. The lack of comprehensive or collision insurance — key parts of a full-coverage policy — mean damage to your own car will not be covered if an accident is your fault.
On average, a minimum liability policy in Louisiana is $227 per month cheaper than a full-coverage policy.
Cheapest full-coverage car insurance in Louisiana: Farm Bureau
Farm Bureau also offers the cheapest full-coverage policy, with quotes that are 61%, or $2,279 per year, below the state average. At $120 per month, Farm Bureau's full-coverage policy is only $74 more per month than its minimum-coverage policy.
Company | Annual rate | Monthly rate |
|---|---|---|
| Farm Bureau | $1,440 | $120 |
| State Farm | $1,979 | $165 |
| Safeway | $2,894 | $241 |
| Progressive | $3,957 | $330 |
| Geico | $10,449 | $871 |
| USAA | $1,598 | $133 |
USAA is only available to current and former military members and their families.
Although Geico is usually one of the most affordable insurers in most states, its rates in Louisiana are extremely high. The company quoted $10,449 per year for full-coverage auto insurance, nearly three times the state average.
Cheapest car insurance for drivers with prior incidents: Farm Bureau
If you have a less-than-perfect driving history, you're likely to pay more for car insurance. That's because statistics show that you're more likely to file a claim in the future. Farm Bureau has the cheapest insurance hands down for Louisiana drivers without a clean driving record.
Cheapest car insurance after a speeding ticket: Farm Bureau
Farm Bureau has the most affordable full-coverage insurance quotes for people with a recent speeding ticket, with an average price of $1,638 per year. That's only 14% more expensive than the price for a driver with a clean record. In comparison, Louisiana drivers usually experience an 18% increase in insurance rates after a single speeding ticket.
Company | Annual rate | Monthly rate |
|---|---|---|
| Farm Bureau | $1,638 | $137 |
| State Farm | $2,137 | $178 |
| Safeway | $2,962 | $247 |
| Progressive | $5,148 | $429 |
| Geico | $12,351 | $1,029 |
| USAA | $2,035 | $170 |
USAA is only available to current and former military members and their families.
Cheapest car insurance after an accident: Farm Bureau
Farm Bureau also offers the cheapest quotes for Louisiana drivers with a recent at-fault accident, at $1,846 a year.
Drivers in Louisiana recently at fault in an accident generally pay more for car insurance than those with a clean record — 55%, or $2,043 more per year on average.
Company | Annual rate | Monthly rate |
|---|---|---|
| Farm Bureau | $1,846 | $154 |
| State Farm | $2,295 | $191 |
| Safeway | $3,572 | $298 |
| Progressive | $6,568 | $547 |
| Geico | $17,976 | $1,498 |
| USAA | $2,319 | $193 |
USAA is only available to current and former military members and their families.
State Farm had a lesser rate increase than Farm Bureau, but it is still a more expensive option for most drivers. The most expensive insurer, Geico, raised rates by 72%, an increase of more than $7,500 a year.
Cheapest car insurance after a DUI: Farm Bureau
The cheapest company for Louisiana drivers with a DUI citation is also Farm Bureau, with an average annual rate of $1,920. That's less than one-third of the state average, $6,557.
Company | Annual rate | Monthly rate |
|---|---|---|
| Farm Bureau | $1,920 | $160 |
| Safeway | $3,816 | $318 |
| Progressive | $5,730 | $478 |
| State Farm | $7,724 | $644 |
| Geico | $17,648 | $1,471 |
| USAA | $2,503 | $209 |
USAA is only available to current and former military members and their families.
Being convicted of driving under the influence is a serious driving infraction, and you'll likely see a big rate hike if you're caught drinking and driving. Overall, we found that rates increase by 76% after a single DUI in Louisiana.
Cheapest car insurance for drivers with poor credit: Farm Bureau
The most affordable quotes for drivers with bad credit are from Farm Bureau, which has an average annual cost of $2,437 statewide. That's $457 cheaper than the second-cheapest option, Safeway.
While your credit score does not affect your ability to drive safely, drivers with poor credit are statistically more likely to make a claim. As a result, these drivers typically pay higher premiums for car insurance in Louisiana — 58% more than those with average credit.
Company | Annual rate | Monthly rate |
|---|---|---|
| Farm Bureau | $2,437 | $203 |
| Safeway | $2,894 | $241 |
| Progressive | $6,456 | $538 |
| State Farm | $7,408 | $617 |
| Geico | $13,607 | $1,134 |
| USAA | $2,457 | $205 |
USAA is only available to current and former military members and their families.
Cheapest car insurance quotes for married drivers: Farm Bureau
Insurance companies often give a discount to people who are married — about 7% on average in Louisiana, though it can vary from insurer to insurer.
Farm Bureau has the best prices for married drivers. Even though the discount is average for the state, its rates are $638 less than the next-cheapest option, State Farm.
Company | Annual rate | Monthly rate |
|---|---|---|
| Farm Bureau | $1,341 | $112 |
| State Farm | $1,979 | $165 |
| Safeway | $2,460 | $205 |
| Progressive | $2,942 | $245 |
| Geico | $10,518 | $877 |
| USAA | $1,440 | $120 |
USAA is only available to current and former military members and their families.
While it doesn't have the cheapest rates, Progressive offers the biggest percentage discount to married drivers, who saved 26%, or more than $1,000 a year. On the other hand, married drivers may experience a slight increase in rates from Geico — its price went up by $69 a year.
Married drivers could save even more money on their policy if they qualify for a multi-driver or multi-vehicle discount.
Cheapest car insurance quotes for young drivers in Louisiana: Farm Bureau
We recommend Farm Bureau for young Louisiana drivers looking for affordable minimum or full-coverage car insurance: the average rate for full coverage is $1,417 per year. That's 57% less than the state average.
Active military service members, veterans and their families may be able to find cheaper rates on minimum-coverage insurance from USAA. At $1,389, USAA's average annual rate is 58% less expensive than the state average.
Company | Liability only | Full coverage |
|---|---|---|
| Farm Bureau | $1,417 | $2,786 |
| State Farm | $2,689 | $5,756 |
| Geico | $3,343 | $23,452 |
| Safeway | $3,861 | $7,563 |
| Progressive | $7,214 | $19,373 |
| USAA | $1,389 | $3,198 |
*USAA is only available to current and former military members and their families.
Younger drivers pay much more for car insurance than older drivers because they do not have as much experience behind the wheel and are more likely to get in accidents. Typically, an 18-year-old driver in Louisiana can expect to pay between two and three times as much for a car insurance policy as a 30-year-old driver.
The best way for a young driver to reduce their car insurance bill is to share a policy with an older driver, like a parent or sibling. These rates are typically much less expensive than purchasing a policy by yourself.
Cheapest car insurance for teen drivers after a ticket: Farm Bureau
The best option for a young driver who's recently been caught speeding is Farm Bureau, with an annual rate of $1,667 for minimum-coverage insurance. That's $1,321 less than the cost of the second-cheapest option, State Farm.
Company | Annual rate | Monthly rate |
|---|---|---|
| Farm Bureau | $1,667 | $139 |
| State Farm | $2,988 | $249 |
| Safeway | $4,050 | $338 |
| Geico | $4,093 | $341 |
| Progressive | $7,511 | $626 |
| USAA | $1,820 | $152 |
USAA is only available to current and former military members and their families.
Some insurance companies offer discounts specifically targeted to younger drivers. For example, you might be able to reduce your insurance bill by taking a driver safety course or maintaining a certain GPA in high school or college.
Cheapest car insurance for young Louisiana drivers after an accident: Farm Bureau
Young drivers with a recent at-fault accident on their record will find the cheapest rates with Farm Bureau, with average rates of $1,860 per year for minimum coverage.
If you're a younger driver who's been involved in an accident recently, you're almost certainly going to face higher insurance costs as a result: the average price for a young driver with one recent crash is $4,317 per year, or $360 per month.
Company | Annual rate | Monthly rate |
|---|---|---|
| Farm Bureau | $1,860 | $155 |
| State Farm | $3,287 | $274 |
| Safeway | $4,995 | $416 |
| Geico | $5,394 | $450 |
| Progressive | $8,275 | $690 |
| USAA | $2,093 | $174 |
USAA is only available to current and former military members and their families.
Best car insurance companies in Louisiana
USAA has the best rating from our editors, customer service score and financial strength rating among Louisiana insurers.
Drivers who aren't eligible for USAA should consider State Farm and Farm Bureau. Both companies received top marks from our editors and hold the highest rank for financial strength, making them excellent alternatives to USAA.
Company |
Editor's rating
|
JD Power
|
AM Best
|
|---|---|---|---|
| State Farm | 859 | A++ | |
| Farm Bureau | NR | A | |
| Geico | 843 | A++ | |
| Progressive | 828 | A+ | |
| Safeway | NR | A | |
| USAA | 890 | A++ |
J.D. Power commissions an annual survey for car insurance customers regarding how satisfied they are with a company's claims service.
A.M. Best evaluates an insurer's financial performance based on letter grades. A higher score indicates a better financial ability to pay out claims, and the highest score is "A++".
Average car insurance rates in Louisiana by city
It's not just how you drive that impacts your auto insurance rates but where you live as well. In Louisiana, auto insurance rates fluctuate significantly from city to city. The difference between the most and least expensive locations is nearly $3,000 a year.
Drivers in Hornbeck have the cheapest full-coverage auto insurance quotes in the state, at $2,852 per year. Drivers in Louisiana's largest city, New Orleans, pay the highest rates in the state: $5,807 per year, or 56% above average.
City | Average annual rate | Percent from average |
|---|---|---|
| Abbeville | $3,666 | -1% |
| Abita Springs | $3,633 | -2% |
| Acme | $3,880 | 4% |
| Addis | $4,443 | 19% |
| Aimwell | $3,437 | -8% |
Louisiana car insurance requirements
In Louisiana, the law requires you to carry liability auto insurance in order to register and drive a car. This covers the cost of injury to others or damage to their property resulting from an accident you cause. The following minimum limits are required in the state:
Coverage | Limits |
|---|---|
| Bodily injury liability | $15,000 per person/$30,000 per accident |
| Property damage liability | $25,000 |
Although you can legally drive with these low limits, we recommend purchasing more liability insurance if you can afford it.
Frequently asked questions
How much is car insurance in Louisiana?
The average rate for car insurance in Louisiana is $1,002 per year, or $84 per month, for a minimum-coverage policy. The average rate for a full-coverage policy is $3,720 per year, or $310 per month.
Does Louisiana have the highest car insurance in the country?
Louisiana is the second most expensive state in the country for a full coverage auto insurance policy, with an average rate of $1,002 per year. Michigan is the only state that has higher rates. Louisiana car insurance is expensive for many reasons, including a large percentage of uninsured drivers and the high number of auto-related lawsuits in the state.
Who has the cheapest car insurance in Louisiana?
Farm Bureau has the cheapest car insurance in Louisiana, at a rate of $549 per year, or $46 per month, for minimum coverage.
Who has the best car insurance in Louisiana?
USAA is the best car insurance company in Louisiana based on customer satisfaction and quality of service. However, it is only available to active duty military members, veterans and their families. Those who don't qualify for a USAA membership should consider State Farm or Farm Bureau, which also received high marks.
How much is car insurance in New Orleans?
New Orleans has the most expensive car insurance rates in the state, with an average annual premium of $5,807 for full-coverage insurance — 56% above the state average. In comparison, car insurance costs an average $3,607 (3% below average) in the second-largest city, Shreveport, and $4,559 (23% above average) in Baton Rouge.
Is Louisiana a no-fault state?
Louisiana is not a no-fault state, which means that the driver who causes an accident is financially responsible for the resulting damage.
Methodology
We collected thousands of rates from ZIP codes across Louisiana for the state's largest insurers. Rates are for a 30-year-old male driving a 2015 Honda Civic EX with average credit.
The base policy for the study is a full-coverage policy with the following limits:
Coverage | Study limits |
|---|---|
| Bodily injury liability | $50,000 per person/$100,000 per accident |
| Property damage liability | $25,000 per accident |
| Personal injury protection (PIP) | $10,000 |
| Uninsured/underinsured motorist bodily injury | $50,000 per person/$100,000 per accident |
| Comprehensive and collision | $500 deductible |
For our minimum-coverage policy, we were quoted rates for a policy with the minimum required limits in Louisiana. For other rates analyses (accident history, credit and marital status), the base policy listed above was altered to reflect the driver. Quotes for young drivers are based on a minimum-coverage policy.
ValuePenguin's analysis used insurance rate data from Quadrant Information Services. These rates were publicly sourced from insurer filings and should be used for comparative purposes only — your own quotes may be different.
Editorial Note: The content of this article is based on the author’s opinions and recommendations alone. It has not been previewed, commissioned or otherwise endorsed by any of our network partners.