MoneyGeek’s free calculator simplifies the car insurance quote process in Louisiana by helping drivers understand which factors contribute to their premium. From your age and driving record to make, model, and coverage level of vehicle, this tool takes into account everything from age and make, model and coverage level of car to adding a teenage driver, driving an older car or having poor credit all have an effect on premium costs; but our calculator allows drivers to focus on which are most influential for each unique driver profile.
Louisiana law mandates drivers carry at least $15,000/$30K of bodily injury liability coverage and $25K/$50K in property damage liability coverage; full-coverage is always recommended since this can help pay medical expenses associated with an accident that was your fault, or was caused by someone without coverage such as uninsured/underinsured drivers. Leasing/financing companies often require comprehensive/collision coverage as part of your lease agreement or loan contract agreement; MedPay (Medical Payments Coverage) isn’t legally required but may be worth purchasing as an add-on policy addition – it could help cover medical bills or losses associated with an uninsured/underinsured driver as it could help cover medical bills or losses caused from accidents you cause or another party involved without enough insurance coverage in Louisiana; lenders/lease/insured driver.
Location plays an integral part in determining your auto insurance costs, with different areas having differing crime rates and population densities. Cities like New Orleans and Baton Rouge tend to command higher premiums than rural ones due to larger populations; this may vary by insurer, though. You can reduce your rate regardless of where you reside by decreasing how often you’re out on the road through work commutes or other activities.
Young drivers in Louisiana tend to incur higher average monthly car insurance costs due to being inexperienced and statistically more likely to cause an accident. Lowering risk by attaining good grades, taking defensive driving classes or joining their parents’ policies will all help lower premiums. Furthermore, your car’s make and model also play a factor in its costs of replacing or repairing as this cost will be factored into its insurance rates; sports cars for instance tend to incur higher rates than sedans as their repairs can often be more costly.
The calculator takes into account your driving frequency and history, particularly any at-fault accidents that have taken place recently. Just one such incident could cause your rates to increase by an average of 55%; so it’s wise to avoid such instances whenever possible.
Driving without insurance in Louisiana is illegal, and penalties will apply upon conviction of your first offense. Our calculator estimates the cost of your policy depending on your coverage options and driving record; however, for the best deal it’s always worthwhile shopping around and using MoneyGeek’s free tool to compare quotes from top car insurers so you can find one with affordable premiums that meets both your budget and coverage needs. You can even use our comparison tool for homeowners’ policies too! Simply enter your ZIP code below to begin this process!