Jessica Fox Last Updated On: November 9, 2023

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Driving with Louisiana Car Insurance

There’s a lot to love about Louisiana; from the warm weather and scenic swamps to the exciting New Orleans that becomes even more alive during Mardi Gras. 

But one thing you probably don’t love about this southern state is its car insurance prices. 

If you’re already paying for auto insurance in Louisiana, it will probably come as no surprise to hear that Louisiana is among America’s top three most expensive states for car insurance. 

While the prices for car insurance in Louisiana are indeed intimidating, don’t get discouraged just yet. Our team of insurance experts here at ConsumerCoverage has put together this article to explain the ins and outs of low-cost car insurance in Louisiana. 

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Table of Contents

Average Cost of Car Insurance in Louisiana

So just how expensive is Louisiana car insurance? 

Before we tell you, there’s a few factors that you need to understand first. Car insurance prices are not universal, rather they are affected by a variety of factors:

  • Age
  • Location
  • Vehicle make/model
  • Driving history
  • Claims history
  • Type of policy

All of these factors and more are taken into account when determining your insurance premiums. Because of this variation, no two people will pay the same amount for their auto insurance policies. 

That said, the overall average price for car insurance in Louisiana is $3 265 per year. This works out to be about $270 per month. 

Why Are the Premiums So High for Louisiana Car Insurance?

Louisianians pay an average of 114% more than the average American does for their car insurance. It’s only natural to wonder why this is the case. 

As previously mentioned, one of the determining factors in pricing insurance is location. Based on statistics within a given state, insurers adjust their prices to be able to pay for claims. 

Unfortunately for both the insurers and the insured, Louisiana has:

  • A high population density
  • An above-average auto theft rate
  • A large number of auto-related lawsuits

All of these factors combine to create higher-than-average insurance prices. But, as promised, we are here with all the information you need in order to save on car insurance in Louisiana. 

Minimum Coverage Requirements in Louisiana

Carrying car insurance is required by law, meaning that it’s illegal to drive without insurance. If you do, you’ll be subject to significant legal and financial penalties. 

Each state has its own minimum coverage requirements. These are baselines for how much insurance every driver must carry. 

In Louisiana, you must carry liability coverage for bodily injury and property damage. This coverage applies to legal fees associated with an at-fault accident. The minimum coverage amounts are as follows:

  • $15 000 per person for Bodily Injury Liability
  • $30 000 per accident for Bodily Injury Liability
  • $25 000 per accident for Property Damage Liability

On average, a minimum coverage policy costs $795 annually. 

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Standard Louisiana Auto Insurance Policies

At first, you might think that choosing a minimum coverage policy is the best way to secure cheap car insurance in Louisiana. But this isn’t necessarily true. 

Minimum coverage policies only cover liability, so you’re on your own for vehicle damages, personal injuries, etc. In reality, minimum coverage is only really the cheapest if you never have any accidents. Sadly, that’s just not how the world works (they are called accidents for a reason after all). 

In order to balance a budget with security, insurance experts recommend a standard or “full coverage policy.” These policies include liability coverage alongside:

  • Collision Coverage: for damages to your vehicle due to a collision
  • Comprehensive Coverage: for non-collision related damages such as theft, vandalism, or weather.

Standard car insurance policies tend to be the best option for affordable auto insurance in Louisiana.

Additional Coverage Options in Louisiana

Depending on your insurance provider, there are other coverage options available for purchase. 

It’s worth at least considering the following additional coverages on your Louisiana car insurance: 

  • Loan/Lease Payoff: for drivers who loan or lease their vehicle, this coverage accounts for the depreciated value of the vehicle so that they can still pay off their debts after a claim.
  • Personal Injury Protection (PIP): for expenses incurred by your own injuries such as medical bills, lost wages, etc.
  • Additional PIP: is also for expenses incurred by your injuries, but this one has higher coverage limits so your coverage can go further.
  • Passenger PIP: for the personal injury expenses of any passengers in the vehicle at the time of the accident.
  • Medical Payments: exclusively for medical bills incurred by an accident.
  • Rental Car Reimbursement: for the cost of renting a car while your own is being repaired or replaced. 
  • Roadside Assistance: for additional services provided in events such as a flat tire, dead battery, etc.
  • Uninsured/Underinsured Motorist Bodily Injury: for bodily injury liability expenses in case the other party does not have sufficient insurance coverage of their own.
  • Uninsured Motorist Property Damage: for property damage liability expenses in case the other party does not have insurance coverage of their own.

These coverages exist for a reason, and that reason is that these situations arise in real life. And when they arise, you’ll want to be covered. 

Before you write off these coverages as too expensive, let’s take a look at tips for finding cheap auto insurance in Louisiana. 

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How to Find Affordable Car Insurance in Louisiana

Cheap car insurance is still very much attainable, even in Louisiana. Here are our secrets to saving money on your auto insurance policy:

  • Compare Quotes: Insurance companies are in constant competition with each other, so they consistently offer different deals. Get and compare multiple Louisiana car insurance quotes to locate the best value on the market.
    • Compare Quotes: Insurance companies are in constant competition with each other, so they consistently offer different deals. Get and compare multiple Louisiana car insurance quotes to locate the best value on the market.
  • Practise Safe Driving: The biggest impact on your car insurance rates is your driving history. By practising safe driving, you reduce your risk of claims, citations, and tickets resulting in cheaper insurance.
  • Bundle Policies: Often insurers will bundle other types of insurance policies together in exchange for additional savings. So, if you need homeowner’s insurance in addition to car insurance, you could save on both by bundling!
  • Qualify for Other Discounts: There are lots of discounts that insurance companies offer to draw business. Keep an eye out for these common discounts that you could qualify for:
    • Online sign-up
    • Multi-vehicle
    • Good student
    • Safe-driving course completion 
    • Alumni
    • Veterans
  • Consult the Experts: You can’t be expected to know everything about insurance, just like we can’t be expected to know everything about your job. Insurance experts at ConsumerCoverage are both qualified and delighted to help consumers like you save on insurance.

By implementing these tips, you’ll find the cheapest car insurance in Louisiana possible.  

Additional Resources

Our useful information on insurance doesn’t stop at this article. We have many more articles, blogs, and videos to educate and empower individuals to make good financial decisions. 

ConsumerCoverage can also provide access to free Louisiana auto insurance quotes. 

Reach out to us today! 

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Jessica Fox Jessica Fox has been a freelance writer for five years, with a specialty in health, wellness, and insurance. During this time, she’s written for some of the biggest B2B and B2C brands from around the world. Jessica is also the mother of two young daughters and loves coffee, writing, and working out.

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