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The average annual premium for full coverage auto insurance in Louisiana is $2,151. Minimum coverage has an annual average cost of $758. The Average Cost of Car Insurance in Louisiana depends on several factors that insurance companies consider.
When calculating your auto insurance premium, your age, driving record, credit history, place of residence, and coverage level are taken into account. Remember that having good credit and a spotless driving record can result in lower rates.
There are still plenty of options for affordable auto insurance in Louisiana, even though prices are significantly higher there than nationwide.
Beem helps you compare and get personalized car insurance quotes from industry-leading providers in just minutes. Trusted by over 5 million Americans, Beem can help you save up to $1,000 a year and even unlock 40% discounts for safe driving. Try it today!
Louisiana Car Insurance Rates by City
Your car insurance premiums are affected by which Louisiana city you live in. Full coverage in Shreveport costs $1,450, while it costs $2,328 in New Orleans.
Car insurance rates in Louisiana vary due to factors like local traffic conditions, theft probability, and weather risks in the area. Other key determinants include the driver’s history and the city’s legal insurance requirements.
| City | Full Coverage Annual Premium | Minimum Coverage Annual Premium |
| 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 by Age and Gender in Louisiana
Like in other states, auto insurance costs vary according to age in Louisiana. Due to their inexperience and higher risk of collisions, younger drivers have some of the highest premiums, even when added to their parents’ policy.
In Louisiana, age and gender significantly influence auto insurance costs, with male drivers under sixteen paying the highest rates. The average annual premium for a 16-year-old man added to a family policy is $7,393, but the premium for solo coverage is $12,523. Without a guardian, minors under eighteen cannot lawfully acquire auto insurance.
Additionally, men typically pay greater rates than women. This is because men are statistically more likely than women to drive recklessly. Seniors may also see an increase in rates, though they usually don’t go as high as teen rates as long as the motorist has a spotless driving record.
| Age Group | Average Annual Premium | Average Monthly Premium |
| 22-29 | $2,606 | $217 |
| 30-59 | $2,151 | $179 |
| 60 + | $2,314 | $193 |
Also Read: Psychology Behind Car Insurance Pricing: What Insurers Don’t Always Tell You
Car Insurance Rates in Louisiana by Credit Score
Drivers in Louisiana could expect a significant variation in their auto insurance premiums based on their credit score; average yearly expenses range from $1,597 for great credit to $2,993 for low credit.
A credit score in the 670–739 range is considered good. While lower scores may translate into higher premiums, higher scores are indicative of better credit judgments and can lead to cheaper insurance rates.
| Credit Score | Annual Premium | Monthly Premium |
| Excellent | $1,597 | $133 |
| Good | $1,864 | $155 |
| Fair | $2,242 | $187 |
| Below Fair | $2,535 | $211 |
| Poor | $2,993 | $249 |
Cheapest Car Insurance Companies in Louisiana
Even among insurance companies in the same state, rates for auto insurance might differ dramatically. With an annual cost of $1,015, the Louisiana Farm Bureau provides the most affordable comprehensive coverage option, while Allstate charges the highest average premium in the state ($4,112 annually). Finding the lowest auto insurance in Louisiana through quote comparison might help you save money on insurance premiums.
| Company | Annual Premium | Monthly Premium |
| Louisiana Farm Bureau | $1,015 | $85 |
| GEICO | $1,697 | $141 |
| Progressive | $1,836 | $153 |
| State Farm | $1,928 | $161 |
| AAA | $2,316 | $193 |
| Allstate | $4,112 | $343 |
Cost for Driving Record in Louisiana
Any age of motorist who receives a citation for speeding, driving while intoxicated, or causes an accident will pay more than a driver with a spotless record. In fact, a single speeding citation in Louisiana can increase your insurance rates by 22%, and a DUI conviction can increase your insurance costs by 70% compared to a clean record.
With the current high cost of auto insurance in Louisiana, these increases may strain your finances. These occurrences may result in you being classified as a high-risk driver or necessitate filing an SR-22, depending on the offenses. The average rate hikes in Louisiana linked to different driving offenses are displayed in the table below:
- With a ticket: $2,693 a year, $224 monthly
- In the event of an at-fault collision: $3,154 annually, $263 monthly
- With a DWI: $265 monthly, $3,175 annually
Your auto insurance cost may increase dramatically due to your driving infraction. In Louisiana, the more serious the infraction, the higher the price you will have to pay for the duration that the infraction remains on your record. For instance, a DWI in Louisiana might remain on your record for ten years.
| Driving Record | Average Annual Premium | Average Monthly Premium |
| Clean | $2,151 | $179 |
| Ticket | $2,693 | $224 |
| At-fault Accident | $3,154 | $263 |
| DUI | $3,175 | $265 |
How Much Does Car Insurance Cost for Good or Poor Credit Scores in Louisiana?
The fact that most jurisdictions, including Louisiana, allow credit history to influence auto insurance rates may surprise you. Car insurance companies may use your credit-based insurance score in this area to determine your premium.
Southern Farm Bureau, USAA, and Safeway Insurance provide the least expensive auto insurance for people with bad credit. In Louisiana, auto insurance costs skyrocket for those with bad credit compared to those with excellent credit. Poor credit drivers in Louisiana pay an average of $5,632 a year for insurance.
Because individuals with lower credit scores are more prone to file claims, car insurance for drivers with bad credit is typically more expensive. In Louisiana, drivers with bad credit usually pay 76 percent more for full coverage than the state average and 117 percent more than those with good credit.
Also Read: Can Paying Car Insurance Monthly Hurt Your Finances
Conclusion
Beem has developed a handy and user-friendly tool. This is to help with the process of estimating the possible cost of motor insurance. In case you’re experiencing difficulties with it.
Our calculator can help you with budgeting by giving you a rough estimate of what you might pay, even if it won’t provide precise rates. To use it, enter the necessary data, and the tool will estimate your monthly premium in seconds.
FAQs on Average Cost of Car Insurance in Louisiana
What Is Full Coverage Car Insurance in Louisiana?
The average annual premium for full coverage auto insurance in Louisiana is $2,151, or $179 monthly. Minimum coverage costs about $758 a year, or $63 a month.
How much car insurance do I need in Louisiana?
According to Louisiana law, drivers must have minimum liability insurance, which includes property damage liability coverage of $25,000 per accident and bodily injury liability coverage of $15,000 per person and $30,000 per accident.
What is the monthly insurance cost in Louisiana?
Based on our rate averages, good drivers in Louisiana pay roughly $232 a month for full coverage auto insurance. Conversely, the average monthly premium for minimal coverage insurance is approximately $78. These may not be the lowest rates available, depending on the supplier. Individual prices will differ depending on several variables, such as age, car, ZIP code, driving history, and more, but being aware of average rates in your area will assist you in determining what might or might not be a fair bargain.
