In 2020 aaa ranked 8 in louisiana for the cheapest car insurance for drivers with poor credit. For our sample driver the average cost of car insurance in the state of louisiana is 1 128 per year for a minimum coverage policy and 3 546 for a full coverage policy.
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Even with the average cost of premiums dropping 3 4 from 2833 in 2006 to 2740 in 2007 it is still much higher than the national average of 1896.
Insurance quotes louisiana. Discount insurance policies for louisiana residents. Car insurance in louisiana is expensive. How much is auto insurance in louisiana.
Last year the average rate for insurance was 1 114 for a six month premium. Geico will help you get the required auto coverage in louisiana at an affordable rate. In 2019 louisiana insurance premiums were 60 or 831 above the average rate in the u s.
This compares favorably to louisiana s average price of 1 584 offering an 804 discount on average policy costs statewide. In fact louisiana has the highest average car insurance premiums in the country. Determining your ability to pay premiums along with the likelihood of you filing claims are the main reasons why auto insurance companies in louisiana use credit scores to determine rates.
Because of louisiana s proximity to the gulf of mexico and its history of major floods car insurance companies see the area as high risk and charge more than. Louisiana economic data regulations and limits on commercial insurance. 15 000 per person 30 000 per accident.
If you are a business minded individual who is either thinking about starting a new business or who wants to expand an existing business by opening a division in a new state it s important to choose a location that offers favorable conditions. Online rate quotes for auto home life and health coverage from names you know and trust. Find louisiana car insurance that combines incredible discounts with great customer service.
Below we rank every city in the state from cheapest to most expensive based on the cost of a full coverage policy. United sells the cheapest homeowners policies in louisiana at just 780 per year. As with most states in order to register and drive your car in louisiana the state requires that you have a minimum level of certain types of auto insurance coverage.
Bodily injury to others. Homeowners insurance rates in louisiana vary depending on the insurance company you choose. Get a louisiana auto insurance quote and you could save up to 15 with geico.
One of the reasons car insurance is expensive in louisiana is the state s location.