The Cheapest Auto Insurance Companies in Louisiana in 2024

Average car insurance premiums in Louisiana start at just $81 per month for liability insurance. Though drivers in the state pay more than the national average for insurance, companies like State Farm offer much lower rates, making it easy to save money. Keep in mind that several personal factors affect your insurance premiums, so your quoted rates could be higher or lower than the average.

We’ll cover everything you need to know about car insurance in Louisiana — including the cheapest companies for different driver types, how much coverage the state requires, and how to save on your monthly bill — in the upcoming sections.

Key Takeaways:

• Louisiana drivers pay an average of $158 per month for liability-only insurance and $319 per month for full coverage.
• State Farm has the cheapest car insurance rates for most drivers in Louisiana, at $102 per month.
• The cheapest type of policy in Louisiana is one with the state’s minimum coverage requirement, which is $15,000 per person and $30,000 per accident of bodily injury coverage, and $25,000 of property damage insurance.

In This Article:

• Average Price for Car Insurance in LA
• Cheapest LA Car Insurance Companies
• Best Louisiana Insurers of 2024
• Average Louisiana Rates by Age and Driving Record
• Louisiana Auto Insurance Requirements
• How to Get Cheap Car Insurance in LA
• Frequently Asked Questions

How Much Is Car Insurance in Louisiana?

Louisiana drivers pay an average of $239 per month for car insurance — considerably higher than the national average — but your rates can vary depending on the type of policy you choose.

In the table below, you can see the overall average monthly premium in Louisiana, as well as the average for both full-coverage and liability-only policies.

The average monthly cost of a liability-only auto policy is about $158 per month, and a full-coverage policy costs $319, according to our data. Though liability insurance is cheaper, it’s not the right option for everyone — especially if you finance or lease your car. Additionally, several key factors affect your insurance premiums, which we’ll discuss later on.

Louisiana’s Cheapest Car Insurance Companies

Though Louisiana drivers pay an average of $239 per month for auto insurance, you have access to plenty of ways to save money. Because insurance rates vary by insurer, one of the easiest ways to save is to shop around for the company that offers the best rate.

To help you get started, we’ve broken down the five cheapest car insurance companies in Louisiana in the table below.

State Farm has the cheapest average insurance rates in Louisiana, with an average premium of $102 per month, according to Compare.com data. That’s much lower than the statewide average.

While the companies in the table above represent the cheapest average rates, they may not be the cheapest for everyone. The best way to make sure you’re getting the best rates available to you is to get car insurance quotes from several insurers.

Additionally, the cheapest insurer for you may depend on your unique driver profile and what you’re looking for in a policy. In the next section, we’ll take a look at some of the best insurance companies for different types of drivers.

Compare.com’s Best Louisiana Insurance Companies of 2024

While there’s no single best insurance company for everyone, some stand out among the rest. We’ve rounded up a list of some of the best Louisiana car insurance companies based on a combination of average rates, available discounts, customer ratings and reviews, and coverages offered in the state.

In the next few sections, you can learn about the best insurers for Louisiana drivers.

Best for cheap rates: State Farm

• Average premium: $81 per month
• Compare.com Rating: 4.90 out of 5

Pros:

• Low monthly premiums
• Highly rated customer satisfaction
• Large network of local agents

Cons:

• Fewer discounts than many competitors
• Gap insurance not available
• High number of customer complaints

State Farm is a great option for Louisiana drivers who care most about finding the company with the cheapest rates. State Farm has among the lowest premiums for Louisiana drivers, both overall and for each demographic, including younger drivers and people with violations on their records.

As an added bonus, State Farm has some of the best customer service among auto insurers. It ranks as one of the top companies by J.D. Power for both overall customer satisfaction and claims satisfaction.

Best for military families: USAA

• Average premium: $102 per month
• Compare.com Rating: 4.91 out of 5

Pros:

• Highly rated customer satisfaction
• Offers a full suite of financial products
• Cheap coverage for low-mileage drivers

Cons:

• Not available to most drivers
• Doesn’t have local agents
• Few optional coverages available

USAA, short for United States Automobile Association, was founded by military members to serve military members and their families. You or a family member must be a current or former service member to join, but once you do, you’ll have access to some of the lowest rates on the market.

Alongside its great rates, USAA has overwhelmingly positive customer satisfaction. The insurer also offers robust savings programs for both safe and low-mileage drivers.

Best for discounts: GEICO

• Average premium: $167 per month
• Compare.com Rating: 4.65 out of 5

Pros:

• Many discounts available
• Offers accident forgiveness
• Competitive rates

Cons:

• Below-average customer satisfaction
• Gap insurance not available
• No local agent network

GEICO has some of the best rates for Louisiana drivers, and you can save even more by taking advantage of the many discounts it offers. The insurance giant offers discounts based on your vehicle equipment, driving history, driver’s education, personal affiliations, and customer loyalty.

On top of that, GEICO offers an accident forgiveness program that can help prevent your premiums from increasing after your first at-fault accident.

Cheapest State-Minimum Car Insurance in Louisiana

The coverage amount you choose is one of the biggest determining factors of your auto insurance premiums. The cheapest type of policy you can get is one with the state’s minimum insurance limits, which include both bodily injury and property damage liability insurance — but the protection it provides is relatively minimal.

The table below shows the five companies with the most affordable rates for state-required coverage in Louisiana, according to Compare.com data.

State Farm has the cheapest state-minimum car insurance in Louisiana, with an average monthly premium of just $81, according to our analysis.

It’s important to note that while purchasing only your state’s minimum car insurance limits will save you money, it’s not the right choice for most people. Liability-only insurance — as Louisiana state law requires — doesn’t offer any protection for your car if you cause  an accident.

If you total or badly damage your car, you’ll pay out of pocket to repair or replace it.

And if you have a loan or lease on your vehicle, your lender or lessor will likely require you to have full coverage, which we’ll cover in more detail in the next section.

Cheapest Full-Coverage Car Insurance in Louisiana

While state-minimum car insurance is the cheapest type of policy you can get, full coverage costs a bit more — but the added protection is worth it for many drivers. In addition to liability insurance, it includes other types of coverage, such as collision and comprehensive coverage, uninsured motorist coverage, and more.

Let’s take a look at which companies offer the cheapest full-coverage car insurance in Louisiana.

State Farm offers the cheapest full-coverage insurance in Louisiana, with an average monthly premium of $123.

Of course, not all full-coverage policies look the same. Your premiums will depend on the type of coverage you include in your full-coverage policy, as well as your coverage levels.

In the next few sections, we’ll talk about some of the specific factors that can affect your insurance premiums, including your age and driving history.

Compare Louisiana Auto Insurance Rates by Age

Your age is an important factor affecting your auto insurance premiums. Young drivers — generally people under age 25 — tend to pay the highest insurance premiums, while older and more experienced drivers pay less.

The table below breaks down the average monthly premium for Louisiana drivers in each category, as well as the cheapest monthly premium on the market.

Cheapest car insurance for Louisiana teens

Teen drivers pay the highest premiums for auto insurance because they’re generally the highest-risk drivers. After all, teens have a fatal crash rate that’s nearly three times as high as non-teen drivers, according to the Centers for Disease Control and Prevention (CDC). Not only do teens have less driving experience, but they’re also more likely to engage in risky driving behavior.

Teen drivers in Louisiana pay an average monthly premium of $453 per month, according to Compare.com data. State Farm has the cheapest premiums for this age range, with an average premium of just $180 per month.

Cheapest car insurance for Louisiana seniors

Senior drivers in Louisiana enjoy the cheapest auto insurance premiums of any age group. First, older drivers have years of experience that can help them make safer decisions. Additionally, seniors generally drive fewer miles and drive at night less often, which helps reduce the number of incidents.

It’s worth noting that while insurance premiums generally decrease with age, there may come a time when your premiums increase again. Once you reach your 70s, physical and cognitive declines may increase your driving risk and your chances of being in an accident. In Louisiana specifically, drivers in their 60s and 70s tend to pay slightly higher rates than drivers in their 50s.

State Farm has the cheapest insurance premiums in Louisiana for drivers in their 70s, according to our data. Though the average premium for drivers in this age bracket is $187 per month, State Farm has an average monthly premium of just $74.

Compare Louisiana Auto Insurance Rates by Driving Record

Your driving record has a significant effect on your car insurance rates because it’s a clear indicator of your risk level. Someone with a clean driving record has access to the lowest rates, but if you’ve gotten a speeding ticket or caused an accident in the past, you’ll likely pay quite a bit more.

In the table below, you can see the average cost of car insurance in Louisiana for drivers with different violations on their records, as well as the cheapest insurer and rates available for each.

Cheapest car insurance in Louisiana after a ticket

Getting a speeding ticket can cause your insurance premiums to go up. In fact, drivers see their rates increase by an average of 27% nationally after a speeding ticket, according to Compare.com data. The amount your rates increase may depend on how fast you were driving.

State Farm offers the cheapest insurance premiums to drivers in Louisiana with a speeding ticket, according to our research. While the average rate in Louisiana is $357 per month, State Farm has an average of just $133.

Cheapest car insurance in Louisiana after an accident

A car accident, especially one where you’re responsible, is also likely to increase your premiums. We found that rates go up by an average of 34% nationally after an at-fault accident. Rates may also increase after an accident where you aren’t at fault, but it’ll likely be a smaller increase.

The average monthly premium for a driver in Louisiana with an at-fault accident is $366, but we found that State Farm has the lowest rates, with an average of just $139.

Cheapest car insurance in Louisiana after a DUI

Driving under the influence (DUI) is among the most severe driving violations and can have the greatest effect on your insurance premiums. Premiums across the country rise by an average of 50% after a DUI, according to Compare.com data.

State Farm has the cheapest insurance premiums for Louisiana drivers with a DUI conviction, based on our research. Its average monthly premium is $167, compared to the statewide average of $414.

Louisiana Auto Insurance Requirements

Like most states, Louisiana requires all drivers to carry proof of insurance. You must purchase the following minimum amounts of liability insurance to legally drive in the state:

• $15,000 in bodily injury liability coverage per person
• $30,000 in bodily injury liability coverage per accident
• $25,000 in property damage liability coverage

That said, most drivers opt for coverage that exceeds these minimums. The Louisiana Department of Insurance’s guide offers more information.

Penalties for driving without auto insurance in Louisiana

The state will fine drivers who operate a vehicle without car insurance $500 to $1,000 in Louisiana. It might also suspend your driving privileges by revoking your registration or canceling your license plates.

If you get in an accident without insurance, authorities may suspend your license for up to 180 days. If you then falsely claim to have coverage, you could lose your license for 12–18 months.

SR-22 auto insurance in Louisiana

After you have a traffic violation that leads to a license suspension — such as a DUI or other serious offense — Louisiana authorities will order you to have a “hardship license.” To qualify for this restricted license, you must file an SR-22 form, which certifies you have purchased sufficient liability insurance.

Office of Motor Vehicles field offices throughout the state issue hardship licenses. You can contact the OMV at 1 (225) 925-6146 to better understand your requirements.

How to Get Cheaper Car Insurance in Louisiana

Drivers in the Pelican State spend a lot on auto policies, but you can save with the following strategies:

• Raise your deductible: A higher deductible typically comes with lower monthly premiums — but you’re on the hook for a higher payment if you file a claim.
• Choose a safe car: Cars with advanced safety features and strong safety records are less likely to be involved in a costly accident, making them cheaper to insure.
• Take advantage of discounts: Talk to your insurance agent about any discounts you might qualify for. Most insurers offer savings for things like good drivers, good students, and drivers who complete a driver safety course.
• Pick lower coverage limits: Not every driver needs robust insurance coverage, particularly if you have a used or low-value car, where repairs would cost more than replacing it.
• Shop around: By shopping around and comparing quotes from multiple insurers, you can make sure you’re getting the best rate for your situation.

Louisiana Auto Insurance FAQs

If you still have questions about car insurance in Louisiana, check out the answers below to common questions from drivers like you.

Which company has the cheapest car insurance in Louisiana?

State Farm has the cheapest car insurance for most Louisiana drivers, according to Compare.com data. But the cheapest company for you may differ depending on your personal demographics and driving history.

How much is car insurance per month in Louisiana?

The average car insurance premium in Louisiana is $239 per month, based on our research. Louisiana drivers pay an average of $158 per month for liability-only insurance and $319 per month for full coverage.

Why is car insurance so expensive in Louisiana?

Several factors may contribute to higher insurance premiums in Louisiana. First, Louisiana ranks above the national average for fatal car accidents. It also has more uninsured drivers than most states, which can increase premiums. Finally, its road quality and propensity to extreme weather can increase risk and insurance premiums.

How much auto insurance coverage does Louisiana require?

Louisiana requires a minimum of $15,000 per person and $30,000 per accident in bodily injury liability coverage, and $25,000 in property damage liability coverage.

Data Methodology:

Data scientists at Compare.com analyzed more than 50 million real-time auto insurance quotes from more than 75 partner insurers in order to compile the rates and statistics seen in this article. Compare.com’s auto insurance data includes coverage analysis and details on drivers’ vehicles, driving records, insurance histories, and demographic information.

All the rates listed in this article have been collected from a combination of real Compare.com quotes and external insurance rate data gathered in collaboration with Quadrant Information Services. Compare.com uses these observations to provide readers with insights into how auto insurance companies determine their premiums.

Sources:

1. National Association of Insurance Commissioners, “Consumer Insurance Search Results,” accessed July 9, 2024.
2. J.D. Power, “2023 U.S. Auto Insurance Study,” accessed July 9, 2024.
3. J.D. Power, “2023 U.S. Auto Claims Satisfaction Study,” accessed July 9, 2024.
4. Insurance Information Institute, “What determines the price of an auto insurance policy?” accessed July 9, 2024.
5. Centers for Disease Control, “Risk Factors for Teen Drivers,” accessed July 9, 2024.
6. Insurance Institute for Highway Safety, “Older drivers,” accessed July 9, 2024.
7. Insurance Institute for Highway Safety, “Fatality Facts 2022 State by State,” accessed July 9, 2024.
8. Insurance Information Institute, “Facts + Statistics: Uninsured motorists,” accessed July 9, 2024.
9. Law Office of Stephen C. Gaubert, “Why Louisiana Car Insurance Premiums Are So High,” accessed July 9, 2024.
10. Louisiana Department of Insurance, “Consumer’s Guide to Auto Insurance,” accessed July 9, 2024.