Louisiana Farm Bureau offers the state's cheapest minimum coverage for most low-income drivers with clean records and good credit. It's also the most affordable option for high-risk drivers.
Cheapest Low-Income Car Insurance in Louisiana
Updated: February 4, 2025
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Key Takeaways
Louisiana doesn't have a low-income car insurance program, but affordable plans that meet the state's minimum coverage requirements are available.
Louisiana Farm Bureau, GEICO, Progressive and State Farm offer the cheapest insurance options for most low-income drivers.
By comparing providers and exploring discounts, low-income drivers can save the most on car insurance.
Cheapest Car Insurance Companies for Low-Income Drivers in Louisiana
| GEICO | Young Drivers | $57 |
| Louisiana Farm Bureau | Adults | $39 |
| Louisiana Farm Bureau | Seniors | $51 |
| Louisiana Farm Bureau | Drivers With a Speeding Ticket | $46 |
| Louisiana Farm Bureau | Drivers With a DUI | $56 |
| Louisiana Farm Bureau | Drivers With an Accident | $51 |
| Louisiana Farm Bureau | Bad Credit | $70 |
*All rates in this table, except for adults, are based on a modified profile of a 40-year-old driver with good credit and a clean record insuring a 2012 Toyota Camry. The age ranges are 22 to 29 for young drivers, 30 to 59 for adults and 60+ for seniors.
Compare Cheap Low-Income Car Insurance Providers
The table below helps you find the most affordable provider for your driver profile. You can filter options to see which insurance best fits your needs.
Data filtered by:Results filtered by:
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Age Range:30-59
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Driving Record:Clean
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Credit Score:Good
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Coverage Level:State Minimum Liability Only
| Louisiana Farm Bureau | $39 | $471 |
| Progressive | $50 | $606 |
| GEICO | $56 | $668 |
| State Farm | $63 | $755 |
| AAA | $69 | $831 |
Cheapest Car Insurance for Families With Low Income in Louisiana
State Farm offers Louisiana's lowest auto insurance rates for low-income families with teens. Married couples pay $146 monthly, while single parents pay $216. GEICO is the most affordable for those adding a spouse without a teen at $45.
Data filtered by:Results filtered by:
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Family Type:Married Couple with Teen
| State Farm | $1,752 | $146 |
| GEICO | $1,867 | $156 |
| Progressive | $2,266 | $189 |
| Allstate | $2,531 | $211 |
*Rates for couples and single parents with teens apply to a 16-year-old driver. Those for a married couple without children are based on a 40-year-old male with good credit and a clean driving record.
Tips to Save On Car Insurance for Low-Income Drivers
Here are some tips to lower auto insurance premiums in Louisiana:
- 1
Choose minimum coverage
Getting the state-required minimum coverage is typically the most cost-effective way to meet legal standards. However, it might not cover all costs in an at-fault incident.
- 2
Compare quotes
Find the most affordable option by comparing quotes from various insurers. Explore resources such as insurer websites, independent brokers, agent contacts and online comparison tools for thorough evaluation.
- 3
Look for discounts
Insurance companies offer discounts for good driving records, academic achievements and military service. Residents may also save on premiums by completing a defensive driving course.
- 4
Increase your deductible
Choosing a higher deductible on collision or comprehensive insurance can lower your monthly premium. Ensure you can afford it if you need to file a claim.
- 5
Consider pay-per-mile insurance
Pay-per-mile insurance suits low-mileage drivers, combining a low base fee with per-mile charges, so you pay only for the distance you drive.
- 6
Bundle your policies
Consider bundling home and auto insurance to maximize your savings, with discounts varying across regions.
- 7
Get a cheaper car
A vehicle's model and age significantly impact insurance costs. Opting for a cheaper car to insure, like an older and more dependable model, can save you hundreds of dollars annually.
Minimum Car Insurance Requirements in Louisiana
Drivers in Louisiana must meet these minimum car insurance requirements:
- $15,000 in bodily injury liability per person
- $30,000 in bodily injury liability per accident
- $25,000 in property damage liability per accident
If you're leasing or financing a vehicle, a split of 100/300/100 liability coverage along with comprehensive and collision protection is required.
WHY MINIMUM COVERAGE MAY NOT BE RIGHT FOR YOU
Minimum car insurance covers only the other driver's expenses if you're at fault in an accident. You'll still be responsible for your car's damage and legal fees. If you drive often and can afford it, consider higher coverage.
Cheap Low-Income Car Insurance in Louisiana: Bottom Line
Louisiana Farm Bureau is the cheapest insurance provider for most low-income drivers in the state, including high-risk drivers. To secure the best deal, explore various insurers through different channels.
Low-Income Auto Insurance in Louisiana: FAQ
Finding affordable car insurance for low-income drivers can be challenging. Here are answers to common questions on saving money.
What is the cheapest car insurance for low-income drivers in Louisiana?
Minimum coverage is typically the most affordable for low-income drivers but isn't applicable if the car is under finance or lease. Louisiana Farm Bureau offers the state's lowest auto insurance rates: $39 for minimum coverage and $86 for full coverage.
Does Louisiana have a state-supported low-income car insurance program?
Louisiana has no state-supported low-income car insurance program.
Does your income affect the cost of car insurance in Louisiana?
Income doesn't directly impact Louisiana's car insurance rates. Factors like driving history and vehicle type are more significant.
How We Chose the Cheapest Car Insurance for Low-Income Drivers
Study Overview
MoneyGeek analyzed car insurance rates in Louisiana using data from the Louisiana Department of Insurance and Quadrant Information Services.
Data Acquisition, Depth and Analysis
MoneyGeek reviewed 328,384 quotes from 14 companies across 370 ZIP codes to determine the average cost of car insurance for low-income drivers in Louisiana.
Sample Driver Profile
We used a sample driver profile with these details to find average car insurance rates for low-income drivers in Louisiana:
- 40-year-old male
- 2012 Toyota Camry LE
- Clean driving record
- 12,000 miles driven each year
We adjusted factors like age, family status, driving history and credit standing to find rates for specific driver profiles.
Our study defines seniors as 60 or older, young drivers as 22 to 29, and adults as 30 to 59. Married couples with a child include 40-year-old male and female drivers with a 16-year-old teen. Single parents with children are 40-year-old male or female drivers with a 16-year-old teen.
Coverage Levels and Deductibles
Our data shows rates for minimum coverage, which follows the rules set by Louisiana law, and offers affordable options for low-income drivers.
About Mark Fitzpatrick
Mark Fitzpatrick, a Licensed Property and Casualty Insurance Producer, is MoneyGeek's resident Personal Finance Expert. With over five years of experience analyzing the insurance market, he conducts original research and creates tailored content for all types of buyers. His insights have been featured in publications like CNBC, NBC News and Mashable.
Fitzpatrick holds a master’s degree in economics and international relations from Johns Hopkins University and a bachelor’s degree from Boston College. He's also a five-time Jeopardy champion!
Passionate about economics and insurance, he aims to promote transparency in financial topics and empower others to make confident money decisions.