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Do you need cheap auto insurance in New Orleans, LA? At AutoInsuranceEZ.com, you can get the cheapest insurance rates locally. To find free car insurance quotes from the top providers today, input your zip code into the quote box on this page.

Despite the tragedy of Hurricane Katrina looming in New Orleans’ recent past, the city is still admired for its vibrant culture and a rich history. New Orleans started out as a key trading post between the Gulf of Mexico and the states bordering the Mississippi river. Today, it is host to professional sports teams and is still renowned as one of the top tourist destinations in the US.

  • Fun fact: Did you know that New Orleans is #18 on the list of “Top 100 cities with strongest arts, entertainment, recreation, accommodation and food services industries (pop. 50,000+)”?

Auto Insurance Coverage Requirements in Louisiana

You need at least this much insurance coverage to drive legally in Louisiana:

Coverage Requirements Most Common
Bodily Injury Liability 15,000/30,000 15,000/30,000
Property Damage Liability 25,000 25,000
Uninsured Motorist Bodily Injury Not required 10,000/20,000
Medical Payments Not required 5,000
Collision Not required 500 deductible
Comprehensive Not required 50 deductible

You’d think that having such low state minimum requirements for insurance would help make costs cheaper for Louisiana drivers. Not only is this false for average monthly premiums, but only carrying the bare minimum coverage in the event of an accident might still leave you with a pretty big bill.

Louisiana motorists pay some of the highest rates in the country – to the tune of $164 per month, on average. However, New Orleans drivers can find some pretty good discounts. You could even lower your monthly premium down to $114/mo* if you follow some of our tips.

Average Monthly Auto Insurance Premiums Legend: New Orleans Southern Farm Bureau State Farm Allstate Liberty Mutual Encompass 15 30 45 60 75 90 105 120 135 $62 $93 $141 $146 $130

 

Southern Farm Bureau and State Farm are currently in the middle of a bidding war for lowest rates in New Orleans. But make sure you do your research on each company before you make a decision. Pay especially close attention to things like customer service reviews, and their ease of claims service.

Insurance companies evaluate many elements when establishing insurance quotes, including gender, driving violations, occupation, miles driven each year, and theft protection devices. In addition, premiums vary from carrier to carrier. To make sure you’re still getting the most favorable rate, compare cheap Louisiana auto insurance quotes online.

Major Car Insurance Factors in New Orleans

There is a wide array of many things which might factor into the rate quotes you get. While many of these issues aren’t actually anything you can do something about, a few of them are variables which you can change for the better. Here are a few elements which may alter your car insurance premium:

  • Your Zip Code

Your auto insurance rates may differ based on where you call home. Usually, highly populated cities have higher auto insurance rates because the extra amount of drivers on the road boosts the probability of a collision! The population of New Orleans is 378,715 and the median household income is $36,631.

Auto Insurance by Zip Code Legend: New Orleans Baton Rouge Lafayette Lake Charles Shreveport Southern Farm Bureau State Farm Allstate Liberty Mutual Encompass 10 20 30 40 50 60 70 80 90 100 110 120 130 140 $62 $62 $59 $44 $40 $93 $76 $68 $64 $59 $141 $89 $72 $83 $73 $146 $90 $79 $87 $72 $130 $79 $87 $82 $60

 

  • Automotive Accidents

New Orleans has over a quarter million inhabitants, but that doesn’t necessarily excuse the high accident numbers in the chart below. In case you weren’t aware, areas with high rates of deadly accidents usually have more expensive insurance premiums, too. Ask your agent today if you can take advantage of any Safe Driver discounts to offset this risk.

Fatal Accidents in New Orleans, LA Legend: New Orleans Fatal accident count Vehicles involved in fatal crashes Fatal crashes involving drunk persons Fatalities Persons involved in fatal crashes Pedestrians involved in fatal accidents 10 20 30 40 50 60 70 80 90 100 110 120 51 84 11 53 120 16

 

  • Auto Thefts in New Orleans

Finding cheap auto insurance can be difficult if you are at risk for auto theft. Certain popular vehicle models are attractive to thieves, as well as vehicles which are parked often in large cities. The total number of stolen vehicles in New Orleans was 2,143 back in 2013. If you don’t have Comprehensive insurance coverage, you should consider adding it to your policy. Yes, it’s expensive, but raising your deductible might make it affordable.

Basic vs. Comprehensive Auto Policy Legend: Basic Coverage Comprehensive Coverage Southern Farm Bureau State Farm Allstate Liberty Mutual Encompass 35 70 105 140 175 210 245 280 315 350 $62 $175 $93 $182 $141 $275 $146 $366 $130 $282

 

  • Your Credit Score

Are you aware of how high (or low) your credit score is? Because your insurance company is. In most states, they can’t calculate your monthly premiums without it. And if your credit is poor, you could end up paying some seriously high premiums as a result.

Auto Insurance by Credit Score Legend: Excellent Credit Poor Credit Southern Farm Bureau State Farm Allstate Liberty Mutual Encompass 20 40 60 80 100 120 140 160 180 200 220 $55 $93 $80 $154 $131 $183 $118 $239 $118 $188

 

  • Your Age

Older drivers, by virtue of their many years of driving experience, get to enjoy significantly lower rates than their teenage and young adult counterparts. However, there is hope at a fair monthly rate for younger motorists, in the form of Driver’s Ed and Good Student discounts.

Auto Policy Age Comparison Legend: 34 Year Old 17 Year Old Southern Farm Bureau State Farm Allstate Liberty Mutual Encompass 50 100 150 200 250 300 350 400 450 500 $62 $222 $93 $307 $141 $289 $146 $501 $130 Do Not Sell

 

  • Your Driving Record

Do you have a minor accident on your record that is sending your premiums through the roof? Well, that’s why the “Accident Forgiveness” policy was invented. It helps drivers like you get a fair monthly rate by omitting at least one minor citation from being calculated toward your overall premium.

Driving Violations Legend: Perfect Record Minor Speeding Ticket DUI/Reckless Driving Major At-Fault Accident Southern Farm Bureau State Farm Allstate Liberty Mutual Encompass 20 40 60 80 100 120 140 160 180 200 $62 $62 $62 $66 $93 $101 $101 $110 $141 $170 $196 $219 $146 $189 Do Not Sell $209 $130 $165 Do Not Sell $187

 

  • Your Vehicle

Luxury vehicles cost more to insure because, in order to protect that investment properly, you need to buy lots of different coverage types and in large amounts. And the more insurance you buy, the more you have to pay in premiums each month to maintain that coverage.

Auto Insurance by Make/Model Legend: 2015 Honda Accord 2012 Porsche Boxster Spyder Southern Farm Bureau State Farm Allstate Liberty Mutual Encompass 35 70 105 140 175 210 245 280 315 350 385 $62 $188 $93 $237 $141 $380 $146 $389 $130 $280

 

Minor Car Insurance Factors in New Orleans

Of course, there are also these factors:

  • Your Marital Status

If you’re married, then you get to take advantage of bundling discounts which single drivers don’t have access to. And it doesn’t stop at auto insurance. If you are currently covered by a major provider, ask and see if they offer other forms of insurance, such as homeowners, to bundle with as well.

  • Your Gender

Do you know which gender should be charged more for their auto policy? Well, apparently, neither do most insurance companies. Most don’t bother to charge different rates at all anymore based on gender alone. And those that do only charge a few dollar’s difference per month.

  • Your Driving Distance to Work

The average work commute for New Orleans drivers can range between 17-31 minutes. Only about 60% of workers drive to the office alone in their own car. Lots of drivers carpool, with 5-17% taking their coworkers into the office each day.

On average, registering your vehicle for business use will cost you 10-12% more in monthly premiums than for personal use. Additionally, it really doesn’t matter how many miles you drive each year, contrary to what you may have been told. Even a drastic decrease in miles driven may only save you 2-3% on your premiums.

  • Your Coverage and Deductibles

One good way to lower your monthly rate is to raise your deductible. You see, the more you pay upfront when filing a claim, the less your insurance company has to pay to make good on that claim. And they offer lower rates as a reward for sharing more of the financial burden.

  • Education in New Orleans, LA

More than one-quarter of New Orleans residents have not yet finished their high school education, while a similar number have in fact earned a high school diploma or similar equivalent. But did you know that taking your education one step further can lower your car insurance rates? It’s true! It’s the best way to get extra discounts, even beyond having a good job or a high salary.

There are nearly a dozen different schools to choose from if you’re looking to further your education in New Orleans. Eight of those are major four-year institutions, such as Louisiana State University Medical Center, the University of New Orleans, and Dil-lard University, to name a few. There are also many institutions which specialize in two-year and vocational degrees.

Determining your own personal financial risk can be extremely difficult or impossible for the standard insurance shopper. Insurance companies have an edge on consumers because of their statistics and experiential knowledge. Learn what insurance companies don’t want you to know. Learn more about New Orleans.

How We Conducted Our Car Insurance Analysis

*We calculated our average rate based on the following metrics: a married, 34 year old male with good credit, a 12-month history of maintaining auto insurance, a clean driving record, who owns his own home. Miles driven annually were based on the national average. The average rate was also calculated based on a financed 2015 Honda Accord with a pre-installed anti-theft device.

Sources:

Louisiana Department of Insurance

Louisiana Office of Financial Institutions

Department of Highway Safety and Motor Vehicles

City-Data.com

Census.gov

Find Cheap Auto Insurance in New Orleans, LA – See How Much You Can Save

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