Who Has Affordable Car Insurance Rates for a 20 Year Old Male in New Orleans?

For young men, one of the big components that are looked at to determine the amount you pay for auto insurance is where you keep your vehicle. Cities with larger populations or higher claim trends tend to pay more, whereas areas that tend to be more rural receive better rates.

The information below lists the most expensive cities in Louisiana for 20 year old guys in which to purchase auto insurance. New Orleans makes the list at #1 with the annual price of $2,856 on average, which is approximately $238 per month.

How much does auto insurance cost in New Orleans?
Rank City Annual Rate
1 New Orleans $2,856
2 Harvey $2,563
3 Marrero $2,494
4 Terrytown $2,455
5 Metairie $2,254
6 Baton Rouge $2,231
7 Shenandoah $2,204
8 Prairieville $2,191
9 Kenner $2,181
10 Central $2,157
11 Alexandria $2,117
12 Hammond $2,065
13 Laplace $2,031
14 Lafayette $1,995
15 Monroe $1,989
16 Slidell $1,957
17 Sulphur $1,916
18 Lake Charles $1,915
19 Houma $1,865
20 New Iberia $1,852
21 Shreveport $1,838
22 Bayou Cane $1,836
23 Natchitoches $1,781
24 Bossier City $1,744
25 Ruston $1,720
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Annual rates are approximated as the vehicle garaging location can lower or raise coverage rates greatly.

The vehicle you are trying to insure is probably the largest consideration when shopping around for low-priced insurance for 20 year old guys. Vehicles with more horsepower, a lack of safety features, or an increased likelihood of liability claims will cost quite a bit more to insure than more modest models.

The next table features auto insurance prices for a selection of the most budget-friendly automobiles to buy insurance for.

Cheapest Vehicles to Insure in New Orleans, LA
Insured Vehicle Estimated Cost for Full Coverage
Ford Escape Limited 2WD $6,057
Honda CR-V EX-L 2WD $6,064
Hyundai Elantra SE Touring Station Wagon $6,502
Toyota Prius $6,591
Toyota RAV4 2WD $7,087
Jeep Grand Cherokee Laredo 2WD $7,094
Chevrolet Impala LT $7,087
Chevrolet Equinox LS AWD $7,096
Jeep Wrangler Unlimited Sport 2WD 4-Dr $7,091
Chevrolet Malibu LT $7,176
Dodge Grand Caravan Crew $7,184
Toyota Tacoma Double Cab TRD Off-Road Package 4WD $7,176
Ford Explorer Limited 2WD $7,185
Ford Focus SES 4-Dr Sedan $7,443
Honda Civic LX 4-Dr Sedan $7,450
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Data variables include single male driver age 20, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Louisiana minimum liability limits. Discounts applied include claim-free, and safe-driver. Premium amounts do not factor in zip code location which can alter premiums substantially.

Based upon the rates shown, we can assume that models like the Ford Escape, Honda CR-V, and Hyundai Elantra are going to be some of the cheapest vehicles to insure for young men. Auto insurance rates will tend to be more expensive because there is more liability exposure for 20 year old guys, but generally speaking those particular vehicles will have the best rates compared to all other vehicles.

Establishing which company has the most affordable auto insurance rates for 20 year old guys may require a little more work in order to find the most economical policy. Each auto insurance company has a different formula for determining rates, so let’s take a look at the auto insurance companies that tend to have lower prices in Louisiana.

Cheap Insurance Rates for Men Age 20

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Rankings for the cheapest Louisiana auto insurance companies
Rank Company Cost Per Year
1 USAA $1,578
2 MetLife $1,836
3 GEICO $1,945
4 Progressive $1,946
5 Safeway $2,132
6 Southern Farm Bureau $2,248
7 California Casualty $2,269
8 State Farm $2,431
9 Safe Auto $2,653
10 Allstate $3,065
11 Encompass $3,138
12 Liberty Mutual $3,756
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USAA generally has some of the most affordable car insurance rates in New Orleans at around $1,578 each year. MetLife, GEICO, Progressive, and Safeway also make the cut as some of the more affordable New Orleans, LA auto insurance companies.

In the above example, if you are insured with GEICO and switched to USAA, you could see a yearly savings of in the neighborhood of $367. Insureds with Progressive might save as much as $368 a year, and Safeway customers might reduce rates by $554 a year.

It’s important to note that these prices are averaged for all types of drivers and the different vehicles they drive and do not factor in a specific location for 20 year old guys. So the company that fits your age and vehicle best may not even be in the list above. That illustrates why you need to get auto insurance quotes using your own personalized driver profile and vehicle information.

Finding a good quality company can be rather challenging considering how many choices drivers have in Louisiana. The company rank data shown below can help you decide which insurers you want to consider when comparing rate quotes. The rankings below only include the companies with a significant amount of written premium nationwide, so companies with more of a regional focus are not included in the list.

Top 10 Large Auto Insurance Companies in New Orleans Ranked by A.M. Best Rating

  1. USAA – A++
  2. State Farm – A++
  3. GEICO – A++
  4. Esurance – A+
  5. Allstate – A+
  6. The Hartford – A+
  7. Progressive – A+
  8. The General – A-
  9. Liberty Mutual – A
  10. 21st Century – A

Top 10 Large Auto Insurance Companies in New Orleans Ranked by Claims Service

  1. Allstate
  2. State Farm
  3. American Family
  4. GEICO
  5. Liberty Mutual
  6. Esurance
  7. AAA Insurance
  8. The Hartford
  9. 21st Century
  10. The General

Careless New Orleans drivers pay higher rates

The obvious way to enjoy the most affordable auto insurance prices in Louisiana for young men is to be a cautious driver and avoid accidents and keep your driving record clean. The example below highlights how traffic violations and at-fault fender-benders drive up premium costs for different age groups. The prices are based on a single male driver, comp and collision included, $100 deductibles, and no discounts are factored in.

The data above shows the average cost of auto insurance per year with no violations or accidents is $3,557. Receive one speeding ticket and the average cost rises to $4,009, an increase of $452 each year. Now get one accident along with the one speeding ticket and the 12-month cost of auto insurance for 20 year old guys jumps again to an average of $5,301. That’s an increase of $1,744, or $145 per month, just for not driving attentively!

Low rates can quickly become overpriced

New Orleans auto insurance rates are impacted by many factors which can significantly increase or decrease the price of coverage. Improving your credit score, increasing liability limits, or getting a reckless driving citation can cause premium changes that can cause some rates to be more affordable than others.

Not only that, but insurers change rates multiple times each year to ensure their profitability. Heavier than normal losses can cause higher rates, while lower claims can result in more affordable New Orleans car insurance rates.

To illustrate this point, the data below shows the companies that have the cheapest car insurance in New Orleans, LA for a 40-year-old male driver with a clear driving record, no claims, and great credit. If we estimate rates based on his current situation, USAA offers the best car insurance rates in New Orleans at $2,782 per year. This is $368 more than the average policy premium paid by Louisiana drivers of $2,414. MetLife, GEICO, Progressive, and Safeway are the remaining best New Orleans, LA auto insurance companies.

In this next rate comparison, we will give the driver from the first set of rates a claim or two, a lower credit rating, and a traffic citation. Due to the fact that every auto insurer has a unique formula to establish rates, comparing rates most likely will result in a different ranking of affordable New Orleans car insurance companies as shown below.

California Casualty now has the cheapest car insurance in New Orleans, LA with State Farm, GEICO, USAA, and Safe Auto now rounding out the top five. This example proves why it is important to compare as many rates as possible to find cheap car insurance rates for 20 year old guys.

Prices are impacted by many factors and can change substantially, so the lowest-price company when you last compared rates may now be wasting a lot of money.

If you like to have the advice of a professional agent when trying to find the best insurance rates for 20 year old guys, the agents listed below are a good start to answer your questions and help you decide which coverages you need. To locate a New Orleans car insurance agency in your neighborhood, click the link at the bottom.

Find a New Orleans, LA insurance agent near you

How to find economical auto insurance for 20 year old guys

Lowering your rates is not difficult, and here are some thrifty suggestions that can help New Orleans drivers find cheap auto insurance.

That last piece of advice is particularly necessary, as we pointed out in the article above. Insurance rates can be adjusted at any time, so don’t be unwilling to buy a different policy if a cheaper price is available.

Staying with the same car insurance company is fine, but is isn’t recommended if that stubbornness costs you big bucks every year. In just a few minutes you could compare rates to find cheaper auto insurance for 20 year old guys in New Orleans.