How Much is Auto Insurance for Drivers with Good Credit in New Orleans?

The words “cheap” and “insurance” really should not be used together, especially when you are shopping around for the best coverage prices for drivers with good credit. In an attempt to save some money, let’s introduce you to some things that influence car insurance prices, and figure out some ways to reduce the cost of the next policy you buy.

The type of vehicle driven is one of the largest considerations when trying to find affordable car insurance for drivers with good credit. Vehicles with limited top-end speed, a great safety record, or low incidents of liability claims will cost much less to insure than higher performance models.

The data below shows coverage prices for a selection of the most cost-effective automobiles to buy insurance for.

Cheapest Vehicles to Insure in New Orleans, LA
Make, Model, and Trim Level Estimated Cost for Full Coverage
Ford Escape Limited 2WD $1,929
Honda CR-V EX 4WD $1,939
Jeep Wrangler Sport 4WD 2-Dr $1,955
Chevrolet Impala LS $2,187
Honda Civic DX 4-Dr Sedan $2,194
Toyota RAV4 Sport 4WD $2,230
Jeep Grand Cherokee Laredo 2WD $2,235
Ford Edge SE 2WD $2,254
Toyota Tacoma Double Cab 4WD $2,277
Toyota Prius $2,284
Ford Focus SEL 4-Dr Sedan $2,304
Honda Odyssey LX $2,314
Toyota Corolla LE $2,348
Toyota Camry SE $2,356
Ford F-150 FX2 Super Cab 2WD $2,361
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Table data assumes married male driver age 30, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Louisiana minimum liability limits. Discounts applied include claim-free, homeowner, multi-policy, safe-driver, and multi-vehicle. Price estimates do not factor in specific location which can change insurance rates substantially.

Based on these rates, models like the Ford Escape, Honda CR-V, Jeep Wrangler, and Chevrolet Impala are going to be some of the most economical vehicles to insure for financially responsible drivers.

Establishing which companies have the best car insurance rates for drivers with good credit will require a little more work than just picking a company at random. Each auto insurance company uses a different method to determine premium rates, so let’s take a look at the lowest cost car insurance companies in New Orleans, LA.

Best Cheap Insurance Rates for High Credit

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Rankings for the cheapest car insurance companies in Louisiana
Rank Company Cost Per Year
1 USAA $1,594
2 MetLife $1,836
3 GEICO $1,907
4 Progressive $1,946
5 Safeway $2,220
6 Southern Farm Bureau $2,248
7 California Casualty $2,315
8 State Farm $2,455
9 Safe Auto $2,549
10 Allstate $2,945
11 Encompass $3,266
12 Liberty Mutual $3,756
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USAA has some of the most affordable car insurance rates in New Orleans at around $1,594 each year. MetLife, GEICO, Progressive, and Safeway are also some of the more affordable New Orleans, LA insurance companies.

As illustrated above, if you have coverage with Progressive and switched to USAA, you may realize savings of in the neighborhood of $352. Drivers with Safeway could save as much as $626 a year, and Southern Farm Bureau customers might see rate reductions of $654 a year.

To see if your current coverage is too expensive, click here or click through to the companies below.

Understand that those policy rates are averaged for all insureds and vehicles and and are not calculated with a vehicle location for drivers with good credit. So the company that has the lowest price for you may not even be in the top 12 companies shown above. That’s why you need to quote rates from many companies using your own driver information and specific vehicle type.

Finding a highly-rated car insurance provider can be a challenge considering how many choices drivers have in New Orleans. The company information in the next section could help you analyze which car insurance companies you want to consider when buying insurance for drivers with good credit.

The rankings below include large, nationwide insurance companies, so companies with more of a regional focus are not taken into consideration for the list. To check prices from these companies and more, follow this link.

Top 10 Major Car Insurance Companies in New Orleans Ranked by Customer Service

  1. USAA
  2. Safeco Insurance
  3. AAA Insurance
  4. State Farm
  5. Progressive
  6. The Hartford
  7. The General
  8. Esurance
  9. GEICO
  10. Liberty Mutual

The diagram below shows how different deductible levels can increase or decrease annual premium costs when getting quotes for cheap insurance for drivers with good credit. The data assumes a married female driver, full physical damage coverage, and no other discounts are factored in.

The chart above illustrates that a 40-year-old driver could cut expenses by $430 a year by switching the physical damage coverage from a $100 deductible up to a $500 deductible, or save $644 by switching to a $1,000 deductible. Young drivers, like the Age 20 category, have the ability to save $1,062 or more just by choosing larger deductibles.

If you do decide to increase your deductibles, it’s a good idea to have enough savings set aside to satisfy the extra out-of-pocket expense, which is the main disadvantage of using high deductibles.

How to find more affordable auto insurance for drivers with good credit

The list below details some of the better thrifty suggestions that can help drivers buy low-cost coverage.

The last tip in the list is extraordinarily significant, as was pointed out in this piece. Coverage prices change a lot, so drivers shouldn’t be reluctant to switch to a new company if you can find a cheaper rate. Many drivers have brand loyalty and that’s fine, but is isn’t recommended if that loyalty results in overpaying several hundred dollars every year. In just a few minutes you could compare prices and find cheaper insurance for drivers with good credit in New Orleans.

The professional agents shown below can help you determine which coverages you need, as some drivers aren’t sure which coverage they need and prefer to get help from a professional when shopping for cheaper insurance for drivers with good credit. It can be complicated to find the best coverage on your own, and getting advice from a licensed agent can provide you peace of mind knowing your policy gives you suitable coverage if you have an accident. To locate a New Orleans car insurance agency close to you, click the link after the list or click here to compare prices now.

Garcia Insurance Services
3815 MacArthur BlvdNew Orleans, LA 70114(504) 875-4077

J Everett Eaves
650 Poydras St # 1500New Orleans, LA 70130(504) 581-5353

Allstate Insurance: Rene Manfre
13040 I- 10 Service RdNew Orleans, LA 70128(504) 218-1586

View more New Orleans, LA insurance agents