On average, full coverage car insurance premiums in Louisiana are $2,724 per year. This average is substantially higher than most other states. In fact, Louisiana ranks 47th when it comes to the most affordable states for auto insurance. This rate is roughly 60% higher than the average annual cost of car insurance nationwide.
For the basic state-required minimum liability car insurance, Louisiana drivers pay an average of $975 per year, substantially higher than the national average at $565. Liability car insurance helps to pay for the injuries and damages other people suffer if you cause an accident. It does not pay for any of your injuries or damages. If your liability insurance is too low, and you cause a crash, you’ll most likely be paying some money out of pocket. This is why many drivers increase their liability limits.
Different factors impact the cost of your insurance coverage. Louisiana auto insurance is higher than many states because there are a large number of uninsured drivers on the roads, plus a higher than normal number of personal injury lawsuits – and other factors such as extreme weather. Drivers looking for the cheapest car insurance in Louisiana should shop and compare auto insurance quotes.
What is the Average Premium for Cheap Full Coverage Car Insurance in Louisiana?
Full coverage car insurance costs on average $227 per month. Full coverage consists of liability, collision insurance and comprehensive insurance.
Many drivers purchase full coverage to better protect themselves financially in the event of an accident or other event, such as hail or theft. If your vehicle is financed, your lender will most likely require full coverage until your car is paid off.
How Much is it for Cheap Liability Insurance or the Minimum Required Car Insurance in LA?
The average cost of minimum liability coverage in Louisiana is $80 per month. This is the cheapest car insurance in Louisiana and it is reserved for drivers who have excellent driving records and fall into a more mature age category, plus other factors. Drivers looking for cheap auto insurance in Louisiana can also take advantage of car insurance discounts, of which there are plenty.
Basic liability car insurance consists of bodily injury/death liability insurance and property damage liability insurance. It’s designed to help pay for the injuries and damages you cause to other people if you are found to be at fault for a car crash.
The cost of insurance coverage might be off-putting for many drivers. The reality is that the consequences of not having coverage could be far most costly. Paying for an accident on your own can be financially devastating, especially on top of fines related to your lack of insurance coverage.
How do Rates Compare Across Major Cities in Louisiana?
The population of Louisiana is spread across the state. While New Orleans is the largest city and the primary population center, many of the state’s residents live in smaller towns and cities. Outside of the New Orleans metropolitan area, Baton Rouge and Shreveport are the other major population centers. Here are some monthly average car insurance prices in Louisiana.
Unless otherwise specified, we use the following methodology to arrive at our average cost: male, age 30, lowest possible legal coverage allowed by state. Your rates will be determined by several factors, including your age, your gender and the amount of coverage you want to purchase.