Updated
Louisiana has some of the highest auto insurance rates in the country, with average annual premiums above $4,300. But drivers who seek out the cheapest car insurance in Louisiana can often do much better than this. Here's a look at which companies offer the best auto insurance rates for several common driver profiles.
- Cheapest for typical drivers: Louisiana Farm Bureau Insurance
- Cheapest for drivers with prior accidents: Louisiana Farm Bureau Insurance
- Cheapest for drivers with prior speeding tickets: Louisiana Farm Bureau Insurance
- Cheapest for young drivers: Louisiana Farm Bureau Insurance
- Cheapest for senior drivers: Safeway Insurance
- Cheapest for drivers looking for minimum coverage: Geico
- Cheapest for drivers with poor credit: Safeway Insurance
Cheapest for typical drivers
The average female driver with a clean record pays about $3,452 per year for Louisiana auto insurance, and the average male driver pays $3,543 per year. But those who choose Louisiana Farm Bureau Insurance pay a much lower rate. Females pay about $2,349 annually while men pay just $2,315 per year.
Best for Louisiana drivers with a clean driving recordFarm Bureau
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These companies also top the list of the best car insurance companies in Louisiana:
- Safeway Insurance, where female drivers pay $2,513 annually and males pay $2,568 annually
- Progressive, which has an average annual premium of $2,874 for female drivers and $3,040 for male drivers
Cheapest for drivers with prior accidents
A single accident drives up the average Louisiana auto insurance premium to $5,099 per year. Once again, Louisiana Farm Bureau Insurance offers the most affordable rate, with an average annual premium of $2,710.
These insurers also offer the best car insurance in Louisiana to drivers with an accident history:
- Safeway Insurance, which charges these drivers about $3,178 per year
- Safe Auto Insurance, where these drivers pay about $4,413 annually
Cheapest for drivers with prior speeding tickets
Louisiana Farm Bureau is also a great choice for those with speeding tickets. Its average annual premium for drivers with one speeding ticket is just $2,423. That's well below the state average of $4,460 for these drivers.
These companies also offer low-cost car insurance in Louisiana to drivers with speeding tickets:
- Safeway Insurance, where these drivers pay about $2,628 per year
- Progressive, where these drivers pay about $3,972 annually for Louisiana auto insurance
Cheapest for young drivers
Teen drivers pay a whopping $10,271 per year on average for Louisiana auto insurance. But fortunately, several companies offer much lower rates, including Louisiana Farm Bureau Insurance. Its average rate for these drivers is just $5,420 per year.
Teens can also find cheap auto insurance in Louisiana through these companies:
- Allstate, where the average 18-year-old driver pays $6,405 per year for Louisiana auto insurance
- Safe Auto Insurance, which charges teens about $7,736 per year on average
Cheapest for senior drivers
The typical 65-year-old driver with a clean record pays $3,379 per year for Louisiana auto insurance. This time, it's Safeway that offers the best rate. It only charges seniors about $2,186 per year.
Seniors can also get cheap car insurance quotes in Louisiana through these companies:
- Louisiana Farm Bureau Insurance, which charges seniors about $2,236 per year
- Safe Auto, where seniors pay about $3,019 for Louisiana auto insurance
Cheapest for drivers looking for minimum coverage
Louisiana minimum car insurance costs drivers about $1,167 annually. However, Geico provides the same coverage for about half the cost -- $665 per year.
These companies also offer cheap liability car insurance in Louisiana:
- Louisiana Farm Bureau, where minimum coverage costs $872 per year
- Progressive, which charges about $914 per year for minimum Louisiana auto insurance
Cheapest for drivers with poor credit
Drivers with poor credit pay about $5,867 per year for Louisiana auto insurance. But those who choose Safeway can find coverage for a more reasonable $3,102 per year.
Those with bad credit can also find affordable car insurance in Louisiana with these insurers:
- Louisiana Farm Bureau Insurance, which charges drivers with bad credit about $3,477 per year on average
- Safe Auto Insurance, where these drivers pay $4,491 per year on average
Average cost of car insurance in Louisiana compared to the national average
How much is car insurance in Louisiana? That depends on several factors, including the driver's age, history of accidents, vehicle make and model, and more. But unfortunately, Louisiana rates tend to be well above average. Here's a look at how its rates for some of the profiles listed above stack up to the rest of the country.
| Average Rate Category | Louisiana | National Average |
|---|---|---|
| Overall | $4,312 | $2,646 |
| Young drivers | $10,271 | $5,988 |
| 1 accident on driving record | $5,099 | $3,092 |
| 1 speeding ticket on driving record | $4,460 | $2,766 |
Data source: Quadrant data.
Louisiana auto insurance laws
All drivers should familiarize themselves with these Louisiana car insurance laws.
Louisiana is an at-fault auto insurance state
Louisiana is an at-fault state. This means that, in a multicar accident, the driver who is found to be at fault must pay for the damages for all parties involved. That's different from no-fault states where each driver bills their own insurer for medical expenses in most cases.
Consequences for driving without insurance in Louisiana
According to the Louisiana Department of Insurance, drivers who skip Louisiana auto insurance could face the following consequences:
- Fines of $500 to $1,000
- Vehicle impoundment
- Suspension of vehicle registration
- Cancellation of license plates
- Revocation of driver's license for 12 to 18 months
Louisiana minimum coverage requirements
All drivers must carry at least the following Louisiana auto insurance.
Bodily injury liability coverage
Drivers must have at least:
- $15,000 of bodily injury liability coverage per person
- $30,000 of bodily injury liability coverage per accident
Property damage liability coverage
In addition, drivers must have at least $25,000 of property damage liability coverage.
How to get cheap auto insurance in Louisiana
Drivers looking for affordable Louisiana auto insurance can try the following tips:
- Shop around: This is good general advice, but it's especially important given Louisiana's high average rates. Get quotes from a handful of companies before purchasing a policy to see which offers the best deal.
- Claim all possible discounts: Applicants don't have to do anything to get most discounts. If they qualify, the insurer automatically applies it to their premium. But there may be some discounts that require drivers to opt in to a program, like driver-monitoring programs. This is worth considering for drivers who are willing to demonstrate their safe habits in exchange for a lower rate.
- Choose a high deductible: Deductibles are the out-of-pocket cost the policyholder pays when they file a claim. Choosing a higher one usually lowers monthly premiums.
Other things to consider when looking for car insurance in Louisiana
Here are a few things drivers should know when looking for Louisiana auto insurance.
Louisiana minimum coverage requirements are lower than many other states
Louisiana requires its drivers to have $15,000 of bodily injury liability coverage per person and $30,000 per accident. Many other states require their drivers to carry at least $25,000 of bodily injury liability coverage per person and $50,000 per accident.
Purchasing more coverage costs more, but it protects the policyholder better in an accident. If a driver causes an accident and the cost of the damages exceed their policy limits, they'll have to pay for the extra on their own. Buying more than the minimum coverage can reduce the risk of this happening.
Drivers who want coverage for their own vehicles will need to purchase extra coverage
State minimum coverage doesn't include any protection for the policyholder's own vehicle. Drivers interested in this should consider adding collision and comprehensive coverage. Collision coverage pays for repairs to the policyholder's vehicle following a single-car or multicar accident, even if the policyholder was at fault. Comprehensive coverage pays for damages due to animal-vehicle collisions, theft, vandalism, bad weather, and more.
RELATED: Need homeowners insurance? Check out The Ascent's guide to the best cheap Louisiana homeowners insurance.
Our Insurance Expert
Kailey Hagen has been writing about small businesses and finance for almost 10 years, with her work appearing on USA Today, CNN Money, Fox Business, and MSN Money. She specializes in personal and business bank accounts and software for small to medium-size businesses. She lives on what's almost a farm in northern Wisconsin with her husband and three dogs.
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We're firm believers in the Golden Rule, which is why editorial opinions are ours alone and have not been previously reviewed, approved, or endorsed by included advertisers. The Ascent does not cover all offers on the market. Editorial content from The Ascent is separate from The Motley Fool editorial content and is created by a different analyst team.
The data found on this page is a combination of publicly available quote data obtained directly from the carrier as well as insurance rate data from Quadrant Information Services. These rates were publicly sourced from the top ten (10) to fifteen (15) carrier markets, within each state, based on annual written premium and should be used for comparative purposes only -- your own quotes may be different.
Kailey Hagen has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Target. The Motley Fool recommends Progressive. The Motley Fool has a disclosure policy.