Louisiana Car Insurance Calculator: Estimate Your Car Insurance Costs

Drivers in Louisiana can use MoneyGeek’s car insurance calculator for a quick estimate of the cost of car insurance in the state. The estimate can help you determine how much the car insurance you need in Louisiana might cost and also how much money you might be able to save.

MoneyGeek analyzed the factors driving the cost of car insurance, so you know how to calculate insurance premiums in Louisiana. With this information, you can better understand how much you are being charged based on your profile.

It usually takes around 10–15 minutes and requires entering a lot of personal information to get a finalized car insurance quote directly from an insurer.

MoneyGeek’s Louisiana car insurance calculator gives you a quick estimate of how much you’ll typically need to pay based on your age, driving record, vehicle type and coverage levels.

Our free tool also shows which factors affect your car insurance cost the most. In Louisiana, getting a higher coverage level, adding a teen driver to your policy and having poor credit generally drives up the cost most. However, the most significant factor for you may be different based on your profile.

The cheapest car insurance company in Louisiana for you depends on many factors, but you can get a close estimate if you use MoneyGeek’s calculator. For example, the tool shows that our default 40-year-driver pays an average of $754 per year for car insurance with Southern Farm Bureau, the cheapest widely available company in the state.

While price is an important consideration, you also want to choose a company that has the right coverage you need and one that provides great customer service.

Car insurance companies consider a number of factors when calculating insurance premiums in Louisiana. Depending on your profile, your rates could be cheaper or more expensive than the average. How much coverage you buy, for instance, can multiply your rate by 3x in Louisiana.

Adding a teen driver to your family policy is the second most important factor with respect to how much your car insurance costs in Louisiana. Because teen drivers are inexperienced and statistically more likely to be in an accident than older drivers, car insurance providers deem them a higher risk. Adding a teen driver to your policy multiplies your car insurance costs by as much as 2.6x.

The more experience you have behind the wheel, the less likely you are to get into an accident. Therefore, it costs less to insure a middle-aged driver than a young driver. A 19 or 20-year-old driver in Louisiana pays more than double (2.2x) than a 40-year-old.

Your coverage level is the most important factor when calculating how much car insurance costs in Louisiana. The cheapest option is a state minimum liability only policy, while the most expensive is full coverage with a 100/300/100 liability and a $500 deductible. Between these two options, rates differ by 3x.

Maintaining an excellent credit score can save you quite a bit on your Louisiana car insurance premiums. If you combine this with a clean driving record, you’ll save even more. On the other hand, if you have poor credit, you can pay as much as 2.5x more.

Depending on what type of car you are driving, expect your insurance costs to change. Owning a luxury vehicle or sports car means higher car insurance premiums because they’re typically more expensive to repair and are at a higher risk of theft than standard cars. It generally costs twice as much to insure luxury and sports cars than SUVs and sedans.

MoneyGeek answers frequently asked questions to understand how to calculate insurance premiums in Louisiana.

MoneyGeek partnered with Quadrant Data Services to get car insurance quotes from across Louisiana. Our data science team analyzed how personal factors impacted cost and incorporated our findings into our calculator to provide users with an accurate estimate of their expected yearly auto insurance costs. Read more about our methodology here.