Updated: November 14, 2024
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In Louisiana, the average annual cost of full coverage car insurance is $2,202, while minimum coverage averages $780.
When setting rates, insurance providers consider factors like age, coverage level, location, driving record and credit history. Having good credit and a clean driving record can help lower costs.
LouisianaCar InsuranceCostsWhy Trust MoneyGeek? We analyzed data and quotes from Quadrant Information Services and the Louisiana Department of Insurance to get the most precise average costs for various Louisiana drivers.
These rates reflect the average cost of car insurance in Louisiana as of November 2024.
The average cost of full coverage car insurance in Louisiana is $2,202 per year or about $184 monthly. When comparing car insurance quotes, understand the average costs to assess better whether you're receiving a fair deal.
Below is a summary of Louisiana's average car insurance rates for full or minimum coverage policies.
| 100/300/100 Full Cov. w/$1,000 Ded. | $2,202 | $184 |
| 100/300/100 Liability Only | $1,328 | $111 |
| State Minimum Liability Only | $780 | $65 |
Minimum coverage car insurance in Louisiana costs around $780 per year, higher than the national average cost of $628. Factors driving Louisiana's higher costs include a legal system encouraging more lawsuits after accidents, many uninsured drivers and severe weather, leading to more claims and higher insurance costs.
Car insurance premiums vary by company, even within the same state. Louisiana Farm Bureau offers the cheapest full coverage at $980 annually, while Allstate has the priciest average premium at $4,112. Comparing quotes can help you find the cheapest car insurance in Louisiana and save on insurance costs.
| Louisiana Farm Bureau | $980 | $82 |
| GEICO | $1,804 | $150 |
| Progressive | $1,977 | $165 |
| State Farm | $2,005 | $167 |
| AAA | $2,337 | $195 |
| Allstate | $4,112 | $343 |
Car insurance costs in Louisiana vary by coverage level. Minimum coverage averages $65 per month, while full coverage costs about $184. Although more expensive, full coverage insurance offers greater financial protection.
Adding comprehensive and collision coverage raises premiums, but opting for higher deductibles, like $1,000, can help reduce costs. Remember that the deductible applies separately to comprehensive and collision coverages, so you’ll pay only that amount per claim.
| State Minimum Liability Only | $780 | $65 |
| 100/300/100 Liability Only | $1,328 | $111 |
| State Minimum Liability w/ Full Cov. w/$1,500 Ded. | $1,557 | $130 |
| 300/500/300 Liability Only | $1,651 | $138 |
| State Minimum Liability w/ Full Cov. w/$1,000 Ded. | $1,654 | $138 |
| State Minimum Liability w/ Full Cov. w/$500 Ded. | $1,822 | $152 |
| 100/300/100 Full Cov. w/$1,500 Ded. | $2,105 | $175 |
| 100/300/100 Full Cov. w/$1,000 Ded. | $2,202 | $184 |
| 100/300/1000,000 - 500 comp_coll | $2,370 | $197 |
| 300/500/300 Full Cov. w/$1,500 Ded. | $2,428 | $202 |
| 300/500/300 Full Cov. w/$1,000 Ded | $2,525 | $210 |
| 300/500/300 Full Cov. w/$500 Ded. | $2,693 | $224 |
In Louisiana, the minimum car insurance requirements include $15,000 for bodily injury per person, $30,000 for bodily injury per accident and $25,000 for property damage per accident.
$15,000 for bodily injury liability per person
In Louisiana, you must have at least $15,000 for bodily injury liability per person to cover expenses for injuries to others in an accident where you're at fault.
$30,000 for bodily injury liability per accident
Louisiana requires a minimum coverage of $30,000 for bodily injury liability per accident, providing coverage for all persons injured in one accident.
$25,000 for property damage liability per accident
Louisiana law mandates that drivers carry a minimum of $25,000 for property damage liability per accident to pay for damage to another person's property.
Your car insurance premiums in Louisiana depend on your city. Full coverage costs about $1,450 per year in Shreveport, while New Orleans averages around $2,328 annually.
Rates vary due to local traffic conditions, theft risk, weather hazards, the driver’s history and each city's legal insurance requirements.
| Baton Rouge | $1,958 | $852 |
| Lafayette | $1,645 | $725 |
| Metairie | $1,915 | $824 |
| New Orleans | $2,328 | $952 |
| Shreveport | $1,450 | $592 |
Age plays a significant role in car insurance costs in Louisiana. Young drivers, especially those aged 22 to 29, often pay the highest premiums, averaging $2,667 annually or $222 monthly.
As drivers age, premiums typically decrease, with drivers aged 30 to 59 paying an average of $2,202 per year or $184 per month. However, premiums rise slightly for drivers 60 and older, averaging $2,371 annually or $198 monthly.
| 22-29 | $2,667 | $222 |
| 30-59 | $2,202 | $184 |
| 60 + | $2,371 | $198 |
Age and gender significantly impact car insurance rates in Louisiana, with 16-year-old male drivers facing the highest premiums. Adding a 16-year-old male to a family policy costs an annual average of $7,393, while an individual policy raises the premium to $12,523. Teenagers under 18 cannot legally purchase car insurance without a guardian.
The average annual cost of full coverage car insurance for a 2012 model is $1,970, while it jumps to $2,368 for a 2022 model. This increase is due to newer models' higher actual cash value, costlier repairs and greater theft risk.
Drivers with newer models should consider comprehensive and collision coverages, which offer financial protection against various incidents, including accidents, theft and natural disasters.
| 2012 Vehicle | $1,970 | $164 |
| 2022 Vehicle | $2,368 | $197 |
Your vehicle's actual cash value (ACV) is the baseline insurers use to determine payout amounts for comprehensive or collision claims. The ACV represents your vehicle's market value, factoring in depreciation at the time of the damage or loss. If your vehicle's repair cost exceeds the ACV, your insurer may deem it a total loss and compensate you based on the determined ACV, minus any deductible.
The average cost of car insurance in Louisiana varies widely based on driving record. Here's what you might expect to pay for a full coverage policy:
A driving violation can greatly impact your car insurance rates. The more serious the violation, the higher your premiums; this cost remains as long as the violation stays on your record. For instance, a DUI can remain on your record for up to 10 years in Louisiana. Minor offenses, like speeding tickets, may not impact your premiums as long.
The table below shows Louisiana's average cost of car insurance for different driving histories, broken down by coverage and age group.
| Clean | $2,202 | $184 |
| Ticket | $2,759 | $230 |
| At-fault Accident | $3,241 | $270 |
| DUI | $3,267 | $272 |
Louisiana drivers can expect their insurance premiums to vary significantly based on their credit score, with average annual costs ranging from $1,597 for excellent credit to $2,993 for poor credit.
A good credit score typically ranges from 670 to 739. Higher scores can lead to more affordable insurance rates, while lower scores may result in higher premiums.
| Excellent | $1,597 | $133 |
| Good | $1,864 | $155 |
| Fair | $2,242 | $187 |
| Below Fair | $2,535 | $211 |
| Poor | $2,993 | $249 |
Here are some factors that influence the average cost of car insurance in Louisiana:
Remember, shopping around and comparing quotes can help you find the most affordable plan that meets your needs.
To secure affordable car insurance in Louisiana, compare quotes from multiple insurers, opt for a higher deductible and use all eligible discounts.
Shop around
Comparing rates from different insurers can lead to finding the most affordable car insurance.
Maintain a clean driving record
A clean driving record can significantly lower insurance costs. Avoid traffic violations and accidents to benefit from lower premiums.
Increase deductibles
Opting for higher deductibles can reduce your monthly premiums. However, ensure you can afford the deductible in case of a claim.
Bundle policies
Bundling car insurance with other policies like homeowners insurance can unlock discounts. Insurers often reward customers for purchasing multiple policies.
Seek out discounts
Insurance companies offer various discounts that can make coverage more affordable. Look for discounts such as multi-car, good student or safe driver.
Choose a car that's cheaper to insure
Driving a car that's less expensive to insure can lead to savings. Research which vehicles have lower insurance costs in Louisiana.
Consider usage-based insurance
If you're a low-mileage driver, usage-based insurance could offer significant savings. These programs base premiums on actual driving habits.
Understanding the average cost of car insurance in Louisiana is crucial for budgeting and financial planning. Stay informed about the costs of insuring your vehicle in the Pelican State.
The minimum car insurance requirements in Louisiana include bodily injury liability coverage of $15,000 per person and $30,000 per accident, plus property damage liability coverage of $25,000 per accident. These mandatory coverages help drivers pay for damage or injuries they may cause to others in a vehicle accident.
In Louisiana, the average annual cost of full coverage car insurance is $2,202 or $184 monthly. Minimum coverage averages $780 annually or $65 per month.
The average cost of minimum coverage car insurance for a 22-year-old in Louisiana is $935 per year ($78 per month). A 100/300/100 liability-only policy costs about $1,582 annually ($132 monthly). Full coverage with a $1,000 deductible averages $2,667 per year ($222 per month).
Louisiana Farm Bureau and Progressive are the cheapest car insurance companies in Louisiana. Their policies cost an average of $471 and $606 per year for minimum coverage.
About Mark Fitzpatrick
Mark Fitzpatrick is a Licensed Property and Casualty Insurance Producer and MoneyGeek's Head of Insurance. He has analyzed the insurance market for over five years, conducting original research and creating personalized content for every kind of buyer. He has been quoted in several insurance-related publications, including CNBC, NBC News and Mashable.
Fitzpatrick earned a master’s degree in economics and international relations from Johns Hopkins University and a bachelor’s degree from Boston College. He is passionate about using his knowledge of economics and insurance to bring transparency around financial topics and help others feel confident in their money moves.
