Louisiana car insurance can be costly, but finding affordable rates is possible. Drivers can lower their rates by shopping around, raising their deductible, bundling policies with home or auto policies to save money and choosing cars with safety features that reduce risk as low-risk drivers.
As well as these factors, Louisiana’ driving record and credit score also influence premium costs. ValuePenguin conducted research analyzing quotes for car insurance by rating factor to find that full coverage car insurance costs an average of $207 monthly while liability-only policies cost about $66 each month in Louisiana.
Age plays a significant role in determining the cost of Louisiana car insurance policies, with younger drivers paying higher premiums due to inexperience and increased accident risk. According to ValuePenguin data, an 18-year-old in Louisiana pays up to 300 percent more than 30-year-olds for their coverage.
Driving records also play a large part in determining the cost of car insurance in Louisiana. Drivers with multiple speeding tickets or DUI convictions tend to pay more for coverage – even one ticket could increase rates by over 20 percent; an offense such as DUI will often increase them even more dramatically (93-100 percent!).
Insurance companies use data about drivers’ histories to create risk scores that predict how likely they are to file claims and set premium rates accordingly. According to ValuePenguin research, Louisiana drivers with good credit pay around 90 percent less for full coverage insurance policies compared with drivers with poorer scores.
Vehicles have an enormous effect on Louisiana car insurance costs, with safer models costing less to insure than sportier ones. Part of this difference may be explained by repair costs associated with high-performance models; other considerations, like an increased likelihood of an accident occurence are also taken into account. According to ValuePenguin estimates, Ford F-150s are currently Louisiana’s least costly cars to insure while 2020 Honda Accord models top this list in terms of insurance costs.
Drivers looking for Louisiana auto insurance savings may benefit from choosing a smaller vehicle, as this usually leads to lower premiums. When considering their needs for coverage, it’s essential that motorists understand all aspects of coverage options available before making their choice.
Policygenius can assist Louisiana drivers in comparing prices and selecting the ideal car insurance company. Drivers can easily start a free quote online in three minutes to compare top-rated companies’ options. Just answer a few questions below to see customized rates from top carriers; our expert team is also always on call in person or via telephone if additional guidance is needed.