Best Auto Insurance Rates in Louisiana
On average, your neighbors pay $102 a month.
Find Cheap Car Insurance in Louisiana
GEICO and USAA offer the cheapest car insurance in Louisiana, according to a QuoteWizard survey of companies that serve the Pelican State.
Our data shows Louisiana drivers pay an average of $666 per year if they buy the minimum amount of car insurance the state requires from GEICO. And they pay an average of $1,282 per year for a full-coverage policy if they get it from USAA.
Both of those figures are well below the state averages for such auto insurance. Based on our research, a typical driver in Louisiana spends $1,102 per year on minimum coverage and $2,078 per year on full coverage.
USAA and GEICO aren’t the only companies that offer affordable car insurance in Louisiana. AAA and State Farm also offer low rates to the state’s drivers.
In this article, you’ll learn about:
- Where to buy cheap car insurance in Louisiana
- Best auto insurance companies in Louisiana
- Most popular auto insurance companies in Louisiana
- Louisiana car insurance requirements
Who has the cheapest car insurance in Louisiana?
GEICO offers the cheapest state-minimum auto insurance in Louisiana, with a $666 average annual premium. USAA offers the cheapest full-coverage auto insurance in the state, with a $1,282 average annual premium.
These average annual premiums are based on rate quotes collected from the state’s providers for a typical driver.
USAA’s state-minimum coverage is among the cheapest in Louisiana, too. The average rate of $723 per year it offered our sample driver is only $57 per year, or about $5 per month, more than what GEICO offered for the same kind of policy.
AAA, Allstate, Southern Farm Bureau and State Farm also offer low rates for minimum car insurance coverage in Louisiana. In particular, the average annual rate of $961 that AAA offered our sample driver was $141 per year, or around $12 per month, less than the state average for this kind of coverage.
USAA and GEICO also lead the way in offering cheap full-coverage car insurance — which usually includes liability, comprehensive and collision coverage — to Louisiana drivers.
USAA offered our sample Louisiana driver the cheapest average rate for full-coverage car insurance, at $1,282 per year. GEICO was close behind, though, with an average rate quote of $1,366 per year for the same amount of coverage. That’s only $84 per year, or $7 per month, more.
State Farm and AAA also offered rate quotes below the state average for a full-coverage policy. State Farm’s average quote was $1,815 per year, while AAA’s was $1,987. The state average for this type of policy is $2,078.
What are the best car insurance companies in Louisiana?
GEICO and USAA offer the best car insurance in Louisiana, according to our data, although AAA and State Farm are great options for drivers here, too.
GEICO: best for cheap minimum coverage
GEICO offered our sample driver an average rate quote of $666 per year for the minimum amount of car insurance the state requires. That’s $436 per year, or $36 per month, cheaper than the Louisiana average for such coverage.
GEICO also is a good source for cheap full-coverage car insurance. The average rate it offered for a full-coverage policy was $1,366 per year. That’s $712 per year, or $59 per month, lower than the state average for this type of coverage.
USAA: best for cheap full coverage
USAA offered our sample Louisiana driver an average rate quote of $1,282 per year for full-coverage auto insurance. That’s almost $800 per year cheaper than the state average for this kind of policy.
USAA is a good source for cheap minimum auto insurance, too. The average annual rate it offered for a state-minimum policy was $723. That’s $379 per year, or around $32 per month, lower than the Louisiana average for such coverage.
AAA and State Farm: two more great options for cheap car insurance in Louisiana
If you’re a Louisiana driver and you can’t or don’t want to buy car insurance from GEICO or USAA, get quotes from State Farm or AAA.
AAA offered our sample driver an average rate of $961 per year for a state-minimum policy. That puts it in third place among Louisiana’s cheapest providers of minimum coverage. State Farm is in fourth place thanks to its average rate of $1,036 per year.
Also, State Farm offered our sample driver an average rate of $1,815 per year for a full-coverage policy, while AAA’s average rate was $1,987 per year. That makes these companies the third- and fourth-cheapest providers of full coverage in Louisiana.
What are the most popular car insurance companies in Louisiana?
Three of the four best auto insurance companies in Louisiana are also among the state’s most popular auto insurance companies.
Louisiana’s most popular car insurance company, State Farm, writes just over 31% of its auto policies, according to data from S&P Global.
| Insurance Company | Louisiana market share | |||
|---|---|---|---|---|
| State Farm | 31% | |||
| Progressive | 15% | |||
| Allstate | 13% | |||
| GEICO | 12% | |||
| USAA | 6% | |||
| Southern Farm Bureau | 5% | |||
| Liberty Mutual | 3% | |||
| GoAuto | 2% | |||
| National General | 2% | |||
| Shelter | 1% | |||
| Source: S&P Global | ||||
GEICO, our choice for best cheap minimum car insurance coverage in Louisiana, writes 12% of the state’s auto policies. That puts it in fourth place in terms of market share.
USAA, our choice for best cheap full-coverage car insurance in Louisiana, writes 6% of the state’s auto policies, putting it in fifth place.
What are the car insurance requirements in Louisiana?
Louisiana drivers need to buy at least a minimum amount of liability car insurance coverage for any vehicle they own.
The minimum insurance requirement in Louisiana for liability coverage is 15/30/25. That means your policy must offer at least:
- $15,000 of bodily injury liability coverage per person.
- $30,000 of bodily injury liability coverage per accident.
- $25,000 of property damage liability coverage.
Penalties for driving without insurance in Louisiana
The state may fine you $500 to $1,000 for driving without car insurance. It might also penalize you by:
- Suspending your driving privileges.
- Revoking your registration.
- Cancelling your license plates.
- Impounding your vehicle.
The state can penalize you if you let your insurance lapse or if you can’t show proof of insurance, too.
Methodology
We conducted a comprehensive study of auto insurance rates in Louisiana through Quadrant Information Services. The quotes we collected were for a single, 35-year-old male who has an excellent credit score and a clean driving record. He owns a 2012 Honda Accord and drives it an average of 15,000 miles a year. His car insurance policy has 100/300/50 coverage limits and a $1,000 deductible, where applicable.
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