In Louisiana, the average annual cost of full coverage car insurance is $2,230, 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.
How Much Is Car Insurance in Louisiana? (December 2024)
Updated: December 19, 2024
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Key Takeaways
In Louisiana, the average annual cost of full coverage car insurance is $2,230, which significantly exceeds the national average of $1,370, highlighting the higher insurance expenses drivers face in the state due to factors like frequent claims and severe weather events.
In Louisiana, while the average annual cost of minimum car insurance coverage is significantly higher at $2,230 compared to the national average of $1,370, the monthly minimum coverage comes in at a more budget-friendly $65, underscoring the importance of evaluating both annual and monthly costs when considering insurance expenses.
In Louisiana, the cheapest full coverage car insurance provider is Louisiana Farm Bureau, offering an annual rate of $1,036, while the most expensive is Allstate, with an average premium of $4,224 per year.
Why 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 December 2024.
26,950Quotes Analyzed
9Companies Compared
49ZIP Codes
Average Car Insurance Costs in Louisiana
The average cost of full coverage car insurance in Louisiana is $2,230 per year or about $186 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. | $2,230 | $186 |
| 100/300/100 Liability Only | $1,328 | $111 |
| State Minimum Liability Only | $780 | $65 |
Why Are Car Insurance Rates Moderate in Louisiana?
Minimum coverage car insurance in Louisiana costs around $2,230 per year, higher than the national average cost of $1,370. Factors driving Louisiana's higher costs include a high number of claims, both legitimate and fraudulent, many uninsured drivers and frequent severe weather events, leading to more claims and higher insurance costs.
Average Car Insurance Costs in Louisiana by Company
Car insurance premiums vary by company, even within the same state. Louisiana Farm Bureau offers the cheapest full coverage at $1,036 annually, while Allstate has the priciest average premium at $4,224. Comparing quotes can help you find the cheapest car insurance in Louisiana and save on insurance costs.
Data filtered by:Results filtered by:
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Coverage:Full Coverage
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Age Group:30-59
| Louisiana Farm Bureau | $1,036 | $86 |
| GEICO | $1,804 | $150 |
| Progressive | $1,977 | $165 |
| State Farm | $2,005 | $167 |
| AAA | $2,337 | $195 |
| Allstate | $4,224 | $352 |
Average Car Insurance Costs in Louisiana by Coverage Level
Car insurance costs in Louisiana are also shaped by the level of coverage selected. For example, the monthly cost for minimum coverage is about $65, while full coverage, with a $1,000 deductible, is higher at $186. Despite the higher cost, it is often recommended to opt for a full coverage policy, as it provides more comprehensive protection against a variety of incidents. To understand the benefits, consider exploring full coverage insurance.
Adding comprehensive and collision coverage to your policy certainly raises your premium. However, by selecting higher deductibles, such as a $1,000 deductible for both comprehensive and collision coverage, you can manage and reduce the increased cost. Keep in mind, the deductible amount applies individually to each type of coverage in the event of a 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. | $1,585 | $132 |
| 300/500/300 Liability Only | $1,651 | $138 |
| State Minimum Liability w/ Full Cov. w/$1,000 Ded. | $1,682 | $140 |
| State Minimum Liability w/ Full Cov. w/$500 Ded. | $1,855 | $155 |
| 100/300/100 Full Cov. w/$1,500 Ded. | $2,132 | $178 |
| 100/300/100 Full Cov. w/$1,000 Ded. | $2,230 | $186 |
| 100/300/1000,000 - 500 comp_coll | $2,403 | $200 |
| 300/500/300 Full Cov. w/$1,500 Ded. | $2,456 | $205 |
| 300/500/300 Full Cov. w/$1,000 Ded | $2,553 | $213 |
| 300/500/300 Full Cov. w/$500 Ded. | $2,726 | $227 |
Minimum Car Insurance Requirements in Louisiana
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.
Average Car Insurance Costs in Louisiana by City
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 |
Average Car Insurance Costs in Louisiana by Age
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 $2,701 annually or roughly $225 monthly.
As drivers age, premiums typically decrease, with drivers aged 30 to 59 paying an average of $2,230 per year or about $186 per month. However, premiums rise slightly for drivers 60 and older, averaging $2,398 annually or $200 monthly.
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Coverage:100/300/100 Full Cov. w/$1,000 Ded.
| 22-29 | $2,701 | $225 |
| 30-59 | $2,230 | $186 |
| 60 + | $2,398 | $200 |
Average Car Insurance Costs in Louisiana for Teens
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.
Average Car Insurance Costs in Louisiana for New Cars
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.
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Coverage:Full Coverage
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Age Group:30-59
| 2012 Vehicle | $1,970 | $164 |
| 2022 Vehicle | $2,368 | $197 |
ACTUAL CASH VALUE
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.
Average Car Insurance Costs in Louisiana by Driving Record
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:
- With a ticket: $2,790 per year; $232 per month
- With an at-fault accident: $3,275 per year; $273 per month
- With a DUI: $3,301 per year; $275 per month
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 DWI can remain on your record for 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.
Data filtered by:Results filtered by:
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Coverage:100/300/100 Full Cov. w/$1,000 Ded.
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Age Group:30-59
| Clean | $2,230 | $186 |
| Ticket | $2,790 | $232 |
| At-fault Accident | $3,275 | $273 |
| DUI | $3,301 | $275 |
Average Car Insurance Costs in Louisiana by Credit Score
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.
Data filtered by:Results filtered by:
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Coverage:100/300/100 w/ $1000 Deductible
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Age Group:30-59
| Excellent | $1,597 | $133 |
| Good | $1,864 | $155 |
| Fair | $2,242 | $187 |
| Below Fair | $2,535 | $211 |
| Poor | $2,993 | $249 |
Factors Affecting Car Insurance Rates in Louisiana
Here are some factors that influence the average cost of car insurance in Louisiana:
- Driving record: Safe drivers are often rewarded with lower insurance rates. Traffic violations, accidents or DUIs on your record could increase your premiums significantly.
- Age and experience: Younger, less experienced drivers typically face higher insurance costs in Louisiana due to their statistically higher risk of accidents.
- Credit score: A higher credit score could help you obtain more affordable car insurance rates, as insurers often view a good credit history as an indicator of responsible behavior.
- Vehicle type: Your vehicle's make, model and year can impact your insurance rates. High-performance or luxury vehicles may carry higher premiums.
- Coverage level: Opting for more than the state minimum coverage — such as adding comprehensive insurance and collision insurance — can increase your rate, but it also offers better protection.
- Location: Rates can vary depending on where you live in Louisiana, with drivers in high-traffic or urban areas often paying more.
- Claims history: Insurers may consider you a higher risk if you've made car insurance claims in the past, which can lead to increased rates.
- Marital status: Married individuals may see lower rates due to perceived stability and lower risk-taking behaviors.
Remember, shopping around and comparing quotes can help you find the most affordable plan that meets your needs.
How to Save Money on Car Insurance in Louisiana
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.
FAQ: Car Insurance Costs in Louisiana
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.
What are the minimum car insurance requirements in Louisiana?
In Louisiana, drivers are required to have a minimum of $15,000 in bodily injury liability per person and $30,000 per accident. Additionally, $25,000 in property damage liability per accident is necessary. These minimum car insurance requirements ensure that drivers can cover costs for any injuries or damages they might cause.
What is the average cost of full coverage and minimum coverage auto insurance in Louisiana?
The typical annual cost for full coverage auto insurance in Louisiana is around $2,230 or about $186 each month. For minimum coverage, the average yearly expense is approximately $780, which translates to $65 monthly.
What is the average cost of car insurance for a 22-year-old in Louisiana?
For 22-year-olds in Louisiana, the typical cost for minimum coverage is roughly $935 per year or $78 monthly. Opting for a 100/300/100 liability-only policy costs about $1,582 annually, or $132 each month. Full coverage with a $1,000 deductible averages $2,701 per year, equating to $225 monthly.
What are the cheapest car insurance companies in Louisiana?
Among the most affordable car insurance providers in Louisiana are Louisiana Farm Bureau and Progressive. Their minimum coverage plans cost approximately $471 and $606 per year, respectively.
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.