Cheapest Car Insurance Rates in 2023

While the law only requires individuals to carry minimum liability insurance, some auto lenders may require additional coverage, such as collision insurance. Whichever policy you end up getting, it’s important not to pay more than you have to. The best way to do this is by shopping around for the best deal. In addition to the usual factors like age and occupation that go into determining your insurance rate, your location matters as well. That’s why we’ve compiled a list of the cheapest auto insurance companies for the five biggest cities in Louisiana including New Orleans, Baton Rouge, Shreveport, Lafayette, and Lake Charles, Louisiana.

Best Car Insurance Companies in Louisiana

• Safeway
• Geico
• Allstate
• USAA
• Southern Farm Bureau
• Progressive

Auto Insurance Statistics in Louisiana

Louisiana is one of the states with the highest auto insurance rates. Drivers looking for affordable car insurance rates can benefit from learning how Louisiana ranks in the cost of car insurance when compared with other states nationwide.

Top 10 Cheapest Car Insurance Companies in Louisiana

Drunk Driving Fatalities

Drinking and driving is illegal yet all across the country this dangerous practice continues. Due to the potential for injury and even death, it is essential to avoid driving while under the influence of alcohol. Learning about the rate of drunk driving fatalities in Louisiana can provide insight into the level of risk drivers face. The National Highway Traffic Safety Administration has done a tally of the number of drunk driving fatalities in Louisiana vs. nationwide.

Drunk driving fatalities in Louisiana from 2013 to 2017

Teen Drinking and Driving

Teen drinking and driving in Louisiana has been less than the national average and indicates that fewer teens in the state are driving while under the influence when compared with the rate of teens drinking and driving across the country. The below statistics represent the percentage of Louisiana drivers that are teenagers who are drinking and driving when compared with national averages.

Teen Drinking & Driving in Louisiana vs. Nationwide (2017)

SR-22 Insurance in Louisiana

If you have your license suspended in Louisiana, you have a few different options if you want it to be reinstated. In most cases, you will be able to pay a $30,000 deposit with the state treasurer as a security deposit that prove your future financial responsibility. If this is unaffordable, you can purchase an SR-22 insurance policy.

An SR-22 policy is proof that you have a minimum level of coverage. Your insurance provider will be required to provide proof of your coverage and notify the DMV if you cancel or alter your current policy. This is done to ensure you can cover the costs of an accident.

Car Theft in Louisiana

Learning about the levels of car theft in Louisiana can provide insight into how often vehicular theft takes place. The rate of car theft appears to have been lower than the national average however, 2014 saw a spike in car insurance indicating an upward trend.

Vehicle thefts by rank nationwide vs. Louisiana

Uninsured Motorists in Louisiana

There are drivers that operate motor vehicles in Louisiana without any insurance coverage just like in other areas of the country. If you get into an accident with an uninsured driver, you will have to pay the upfront costs. This is why it is recommended to have uninsured and underinsured motorist coverage. The below data shows how well Louisiana ranks in the total number of reported uninsured motorists in the state in the year 2015.

Percentage of uninsured drivers (Top States in 2015)

New Orleans, LA

New Orleans is one of the most unique cities in the nation, with rich traditions in food, music, and culture. Unfortunately, if you want to drive here legally, you’re going to pay a hefty price for the insurance. New Orleans has the most expensive auto insurance in the state, with the average consumer paying well over $3,000 annually.

However, taking the time to shop around can lead to a substantially lower price. Southern Farm Bureau offers the cheapest prices on average for this city, at just over $2,200 per year – nearly a $1,000/year savings compared to the overall city average. Progressive, GEICO, State Farm, and Safe Auto round out the rest of the cheapest auto insurance providers for the Big Easy.

Baton Rouge, LA

• Southern Farm Bureau
• Progressive
• GEICO
• State Farm
• Safe Auto

Baton Rouge is Louisiana’s capital and enjoys a thriving economy. Although it may not get the same level of attention as New Orleans, it also has a healthy tourist industry, with a burgeoning art and theater scene. It’s also noted for hosting the Miss USA Pageant in 2014.

Auto insurance here tends to be pretty expensive as well, though not as bad as New Orleans. It ranks as the 8th most expensive place in the state to get your vehicle insured, with consumers paying an average of just under $2,500 yearly. There are discounts to be had, however. Once again, Southern Farm Bureau ranks as the cheapest option here, offering rates averaging around $2,000 per year. Here’s the full list of Baton Rouge’s most affordable and top auto insurance companies:

Shreveport, LA

• Southern Farm Bureau
• Progressive
• State Farm
• GEICO
• MetLife

Shreveport, Louisiana’s third largest city, is shrouded in history due to the prominent role it played during the Civil War. It’s also host to a military installation, the Barksdale Air Force Base.

Auto insurance in Shreveport is quite reasonable compared to the rest of the state. Although it’s one of the bigger cities in Louisiana, it’s the third cheapest place there to get auto insurance, with residents paying an average of about $1,850 yearly. Meanwhile, companies like GEICO, the cheapest option here, offer rates of less than $1,500 annually:

Lafayette, LA

• GEICO
• Progressive
• Southern Farm Bureau
• State Farm
• MetLife

Auto insurance rates in Lafayette, LA – the state’s fourth largest city – are approximately in line with the state average. The average driver here pays a little over $2,300 yearly, with the cheapest company offering average rates of $1,800:

Lake Charles, LA

• Southern Farm Bureau
• GEICO
• Progressive
• State Farm
• Safe Auto

The last city on our list, Lake Charles, has auto insurance rates that are similar to the state average. Residents here pay a bit under $2,300 annually, with the best deals coming from Progressive and GEICO, who offer rates around $1,760 each:

• Progressive
• GEICO
• Southern Farm Bureau
• State Farm
• Safe Auto

Types of Auto Insurance Coverage in Louisiana:

• Comprehensive Insurance Coverage
• Bodily Injury Liability Insurance
• Uninsured/Underinsured Motorist Bodily Injury Insurance
• Uninsured Motorist Property Damage Insurance
• Property Damage Liability Insurance

Minimum Requirements For Car Insurance in Louisiana

There are minimum requirements for car insurance in the state of Louisiana. According to Louisiana State Law, it is mandatory to have at least liability coverage for every registered driver who is operating a vehicle in the state.

Liability Coverage minimums for the state of Louisiana:

• $25,000 per single bodily injury or death
• $50,000 per multiple bodily injury or deaths
• $25,000 for property damage

New Driver License Requirements

New residents of Louisiana who plan on driving in the state have 30 days from their official date of residence to get a standard state driver’s license. If a driver has an out of state license that has been expired for just one year, they only need to pass the vision test to get a standard driver’s license.

Louisiana takes part in the Graduated License Program (GDL), which lets drivers get their driver license after they are eligible to obtain a full license. In order to get a learner’s permit, the applicant needs to be at least 15 years of age as well as having a parent or guardian sign off on the application.

Source: Louisiana Office of Motor Vehicles

Cheap Auto Insurance Discounts

Car insurance discounts are offered by many different car insurance companies in Louisiana and nationwide. Often these discounts aren’t advertised so consumers don’t get a chance to take advantage of them. At CheapAutoInsurance.co, we want to help you save as much as you can on your auto insurance rates. Browse the list below to see if any of the discounts apply to you for even more savings.

• Anti-theft discount
• Mature driver discount
• Military or Veteran discount
• Bundling insurance policies discount
• Senior citizen discount
• Car safety features discount
• Good student discount
• Defensive driving discount
• Low-mileage discount
• Multi-car auto insurance discount
• Infrequent usage discount

FAQ

General Louisiana Car Insurance

We’ll answer the basic questions about Louisiana car insurance in this section. Use this information to help you understand the answers in the other sections.

Louisiana Car Insurance Laws

Every state has their own car insurance laws. This section answers your questions about car insurance laws in Louisiana.

Louisiana Car Insurance Prices

Price is one of the most important things for people researching car insurance. We’ll answer your questions about prices for car insurance in Louisiana in this section.

Louisiana Car Insurance Claims and Coverage

If you have to use your car insurance, it’s important to understand the process. This section covers questions about claims and coverage in Louisiana.

Other Louisiana Car Insurance Questions

Car insurance is very complex, and there’s a lot of questions that don’t fit into our categories. We’ll answer those questions here.