Best Auto Insurance Rates in New Orleans, Louisiana

On average your neighbors pay $102 a month.

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Compare Auto Insurance in New Orleans

Wednesday, November 21 2018 By QuoteWizard

New Orleans’ reputation proceeds it, as it is known as the most unique city in the US. With its distinct French and Spanish Creole cultural mix, NOLA is the home of many beloved traditions. These include jazz music, The French Quarter, Mardi Gras, and foods such as beignets, po-boys, muffulettas, and gumbo. For all the fun and delicious things New Orleans residents have brought the US, they deserve affordable car insurance rates.

Average New Orleans Insurance Rates

How much is car insurance in New Orleans, LA? Residents shouldn't be surprised that average car insurance rates in New Orleans are higher than the national average. New Orleans is actually the second most expensive city in the country in terms of car insurance. On average, auto insurance in Louisiana costs $1,231.77 per year compared to the national average price of $889.01.

Prices may vary depending on your limits, coverage, and the number of claims filed in your zip code.

Louisiana (LA) Average Annual Car Insurance Rates
Coverage Rates
Liability $775.83
Collision $414.36
Comprehensive $215.17
Total Cost Per Year $1,231.77
Price Per Month $102.64
Source: Facts + Statistics: Auto insurance

The graph below shows the change in average Louisiana rates from 2011 to 2015, the most recent year the data is available. According to the III, Louisiana car insurance rates increased from $1,110 in 2011 to $1,231 in 2015, a jump of $121 dollars, or 10.91 percent.

Louisiana average car insurance rates

QuoteWizard helps consumers compare quotes from both national companies and local agents so you get the cheapest car insurance rates near New Orleans. In fact, people who use QuoteWizard to shop around save up to 40 percent on their premiums.

Last year, 9,343 people used QuoteWizard to compare quotes from multiple companies, and find the cheapest car insurance rates in New Orleans, LA.

Best Car Insurance Companies in New Orleans, LA

This is our list of the most common car insurance companies reported by QuoteWizard users living in New Orleans, Louisiana last year.

  1. GEICO
  2. Progressive
  3. Allstate
  4. USAA
  5. Esurance
  6. AAA
  7. 21st Century
  8. Liberty Mutual
  9. Farmers
  10. Nationwide
Get a quote from some of these top rated insurers! Request Quote Get a Quote From Top Insurers

Top 10 Vehicles in New Orleans

These are the most common car make and models owned by New Orleans, LA drivers requesting quotes through QuoteWizard last year.

  1. Ford F150
  2. Nissan Altima 2.5 S
  3. Honda Accord EX/LX
  4. Ford Mustang
  5. Chevrolet Impala/Impala LS
  6. Ford Expedition XLT
  7. Chevrolet Suburban C1500
  8. Chevrolet Malibu
  9. Ford Explorer
  10. Chevrolet Silverado C1500
Get a quote for your vehicle. Request Quote Get a Quote For Your Vehicle

Minimum Car Insurance Requirements in New Orleans, LA

New Orleans, Louisiana has a minimum coverage requirement known as the 15/30/25 rule. This means each policy must include at least the following three components:

  • Individual Bodily Injury Liability (BIL): $15,000.
    The most your insurance company will pay for someone injured in a car accident.
  • Total Bodily Injury Liability: $30,000.
    The maximum your insurer will pay for multiple people injured in a car accident.
  • Property Damage Liability (PDL): $25,000.
    The total amount your insurance provider will pay for property damage caused by a car accident.

New Orleans Drivers

According to the Best Drivers Report published by Allstate Insurance, New Orleans ranked 180th out of 200 cities for safe driving. While most US drivers go ten years without having an accident, drivers here are involved in crashes every 6.8 years.

New Orleans drivers saved up to $383 on their car insurance policies by comparing rates through our simple form.
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Driving Conditions

Factors affecting insurance rates include the weather and road conditions.

Weather

New Orleans, LA has a humid subtropical climate with very long, humid, and hot summers and almost no winter. The biggest concern for drivers is precipitation, which occurs on 115 days per year and often comes in the form of severe thunderstorms.

Road Conditions

TRIP reports that 42% of the major roads in New Orleans are in poor condition and another 20% are mediocre. According to TRIP, the poor condition of city streets costs local drivers an additional $713 a year due to higher vehicle operating costs, car accidents, and traffic congestion.

Traffic Congestion

According to TomTom's annual traffic index report, New Orleans ranks 20th for worst traffic congestion in the US. An average commuter spends 22% more time stuck in traffic during rush hour commutes, on average. Evening commutes are even worse, when drivers spend 49% more time in traffic.

Traffic data provider Inrix ranks New Orleans 29th for worst traffic congestion in the US. Their data shows that area commuters spent an extra 45 hours in traffic per commuter. Area commuters also spent a total of $1,161 in extra congestion costs.

Moving Violations

Moving violations including speeding tickets, accidents, and drunk driving can add points to your driver's license and give you a bad driving record. If this happens, your insurer will label you a bad driver and force you to purchase high-risk auto insurance.

Traffic Tickets

The New Orleans Police Department website has information on how to pay traffic citations.

SR-22 DWI Insurance

A DWI conviction may require you to obtain an SR-22 form. Request a quote and we'll connect you with local agents from top companies that specialize in New Orleans DWI insurance.

Traffic Fatalities

New Orleans experienced 53 motor vehicle crash fatalities in 2013.

Given New Orleans’s estimated population of 378,715, the city’s fatality rate per 100,000 people is 3.70, much lower than the national average of 15.42

Vehicle Theft Rates

New Orleans reported 2,620 vehicle thefts in 2014, a rate of 6.82 per 1,000 residents. This is almost three times the national rate of 2.16 per 1,000 people.

The New Orleans Police Department reported 2,517 vehicle thefts in 2015, almost a 4% decrease from 2014.

Car Insurance Discounts in New Orleans, LA

Discounts are one of the best ways to lower your insurance rates. These are some of the many auto insurance discounts available in New Orleans, LA depending on your insurer. Get a quote and find out which discounts you qualify for with your current or multiple insurance companies.

  1. New Orleans is home to great schools such as Tulane University, the University of New Orleans, and Loyola University New Orleans. If you’re a student here, look into a good student discount.
  2. Crashes are not uncommon in New Orleans. If you’re a Big Easy driver with a spotless record, ask about an accident-free discount.
  3. Do you have more than one insurance policy? Buying home, renters, life, or auto insurance from one company is a simple way to cut 15 percent off your insurance bill.
  4. Nearly 30 percent of New Orleans residents are married. And most car insurance companies offer a discount to married couples.
  5. With an average credit score of about 640, New Orleans has one of the worst credit scores of America’s major cities. Improving your credit is a great option to lower your insurance rates.

Sources:

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