Who Has Affordable Car Insurance for Teenagers in New Orleans?

Wouldn’t this article be short if we could just tell you that one perfect company that has the cheapest car insurance rates for teenagers? It’s not that simple, unfortunately, as there are a whole bunch of unknown aspects such as if you have any tickets or accidents, what deductibles you want to use, the safety ratings of your vehicle, and the likelihood of vehicle theft where you live. This article should teach you a little about the different ways to avoid overpaying and will hopefully give you a good beginning to your quest for cheaper car insurance.

The vehicle that is being insured is one of the biggest factors when shopping around for low-priced auto insurance for teenagers. Vehicles with high performance engines, poor passenger safety features, or a track record of large liability claims will cost substantially more to insure than safer, lower-performance models.

The table below features insurance costs for some of the cheapest vehicles to insure in Louisiana.

Cheapest Vehicles to Insure in New Orleans, LA
Make and Model Estimated Cost for Full Coverage
Honda Accord LX-P 4-Dr Sedan $9,487
Honda CR-V EX 2WD $9,496
Ford Escape XLS 4WD $9,487
Toyota Prius $10,307
Jeep Wrangler Sport Islander Package 4WD 2-Dr $10,535
Ford Explorer XLT 2WD $10,631
Volkswagen Jetta SE 2.5 Station Wagon $10,925
Toyota Tacoma 2WD $11,157
Ford Edge SEL AWD $11,162
Toyota RAV4 Limited 4WD $11,254
Chevrolet Impala LT $11,262
Chevrolet Equinox LS AWD $11,254
Dodge Grand Caravan Hero $11,264
Chevrolet Malibu LT $11,354
Ford F-150 FX4 4WD $11,360
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Price data assumes single male driver age 17, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Louisiana minimum liability limits. Discounts applied include claim-free, and safe-driver. Price estimates do not factor in the specific area where the vehicle is garaged which can increase or decrease premiums substantially.

Based upon the rates shown, we can tell that cars like the Honda Accord, Honda CR-V, Ford Escape, and Toyota Prius will definitely be the less-costly vehicles to insure for teen drivers. Auto insurance rates will tend to be more expensive just due to the fact that there is more claim risk for teenagers, but in general those specific models will most likely have the cheapest auto insurance rates compared to all other vehicles.

Deciphering which company quotes the lowest-priced car insurance rates for teenagers calls for a bit more work in order to find the lowest price. Every insurance provider uses a slightly different approach for setting prices, so let’s look at the rankings for the car insurance companies that tend to have lower prices in Louisiana.

It’s a good idea to be aware that New Orleans, LA car insurance rates are influenced by many factors which can significantly increase or decrease the cost of having a policy. Turning one year older, buying a new vehicle, or getting a reckless driving citation can trigger rate changes resulting in some companies being cheaper than competitors.

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Rankings for the cheapest car insurance companies in Louisiana
Rank Company Cost Per Year
1 USAA $1,642
2 GEICO $1,907
3 MetLife $1,910
4 Progressive $2,005
5 Safeway $2,132
6 California Casualty $2,246
7 Southern Farm Bureau $2,248
8 State Farm $2,383
9 Safe Auto $2,627
10 Allstate $2,945
11 Encompass $3,266
12 Liberty Mutual $3,756
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USAA may offer some of the most affordable car insurance rates in New Orleans at around $1,642 each year. GEICO, MetLife, Progressive, and Safeway would also be considered some of the more affordable New Orleans, LA auto insurance companies.

As depicted above, if you currently buy coverage from GEICO and switched to USAA, you might realize an annual savings of about $265. Customers with MetLife may save as much as $268 a year, and Progressive policyholders might lower prices by up to $363 a year.

To find out how your current rates compare, click here to start your free quote or quote rates from the companies below.

Understand that those prices are averages across all types of insureds and vehicles and and are not calculated with a specific location for teenagers. So the company that is best for you may not even be in the top 12 companies shown above. That’s why you need to quote rates from as many companies as possible using your own individual information.

The diagram below shows how choosing a deductible can affect insurance premiums when searching for cheap insurance for teenagers. The data is based on a married female driver, comp and collision included, and no discounts are applied to the premium.

The data above shows that a 30-year-old driver could pocket $514 a year by changing from a $100 deductible to a $500 deductible, or save $776 by selecting a $1,000 deductible. Even younger drivers, like the age 20 example, could roll back prices as much as $1,098 or more by choosing a larger deductible amount.

If you make the decision to raise deductibles, it will be important to have plenty of savings on hand to enable you to pay the extra out-of-pocket expense. That is the one disadvantage of using higher deductibles.

Choosing the highest-rated car insurance company is hard considering how many choices there are in Louisiana. The company rank data shown next may help you decide which car insurance companies you want to consider when trying find the best insurance for teenagers.

These rankings only include companies that write coverage in many states, so companies that only write business in Louisiana or surrounding areas are not included in these rankings. To compare prices from the insurers below and more, follow this link.

Top 10 Large Auto Insurers in New Orleans Ranked by Value

  1. American Family
  2. AAA Insurance
  3. Safeco Insurance
  4. The Hartford
  5. Progressive
  6. 21st Century
  7. The General
  8. Esurance
  9. USAA
  10. State Farm

A good deal can quickly turn bad

New Orleans, LA car insurance rates are calculated based on many things that control the price you pay. Turning one year older, buying a home instead of renting, or getting a DUI can trigger rate changes that can now make some companies much cheaper than others.

Not only may your situation change, but insurance companies change prices as often as every three months to adjust for gains or losses. Significantly higher claims may result in high rates, while a better loss history may cause cheaper New Orleans car insurance rates.

To illustrate this point, the data below shows which company has the cheapest car insurance in New Orleans, LA for a 35-year-old male driver with no prior claims, no tickets, and a high credit rating. When comparing rates based on his personal profile, USAA quotes the cheapest car insurance rates in New Orleans at $2,838 annually. This is $424 more than the average rate paid by Louisiana drivers of $2,414. MetLife, Progressive, GEICO, and Safeway are also included in the top five cheapest New Orleans, LA auto insurance companies.

Now let’s give the driver from the first rate comparison a chargeable claim, slightly worse credit, and a stop sign violation. Since each insurance company has a unique formula to establish rates, comparing prices could now result in a new list of the cheapest car insurance companies in New Orleans as shown below.

California Casualty now has the best insurance rate in New Orleans, LA with State Farm, Progressive, USAA, and Safe Auto now rounding out the top five. This example proves why it is crucial to spend some time comparing rates when trying to get the most budget-friendly insurance quotes for teenagers.

Insurance prices are determined by many factors and can change without notice, so the cheapest option when you bought your policy may now be an over-priced policy.

How to find more affordable car insurance for teenagers

Lowering your rates is not difficult, and here are some of the recommended thrifty solutions that can help drivers quote low-cost coverage.

The last tip in the list is remarkably important, as we stressed in this write-up. Insurance rates in New Orleans can change considerably based on profitability, so drivers shouldn’t be reluctant to switch to a new company if a lower-cost policy is available. Having a favorite company is fine, but is isn’t recommended if that loyalty ends up costing hundreds of dollars a year. Take a few minutes and compare prices and find cheaper car insurance for teenagers.