Wouldn’t it be perfect if we could just give you the name of the one perfect company that has the cheapest coverage for used cars? It’s just not that easy, however, as there are a lot of unknown aspects such as if you have ever had a coverage lapse, if you want full coverage, and what coverage limits you need, that all go into determining the rate you pay. The information below covers the types of things that cause high car insurance rates and hopefully give you enough understanding to have a good start in finding the cheapest car insurance in New Orleans.
Deciphering which companies offer the best auto insurance rates for used cars takes a little more sweat in order to find the best price. Every insurance company has a proprietary method to establish rates, so let’s rank the most affordable auto insurance companies in Louisiana.
Find Cheaper Auto Insurance for Used Cars
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | USAA | $1,642 |
| 2 | MetLife | $1,910 |
| 3 | GEICO | $1,965 |
| 4 | Progressive | $2,005 |
| 5 | Southern Farm Bureau | $2,181 |
| 6 | Safeway | $2,220 |
| 7 | California Casualty | $2,338 |
| 8 | State Farm | $2,455 |
| 9 | Safe Auto | $2,627 |
| 10 | Allstate | $2,975 |
| 11 | Encompass | $3,138 |
| 12 | Liberty Mutual | $3,756 |
| Compare Rates Now Go | ||
USAA may offer some of the best car insurance rates in New Orleans at around $1,642 a year. MetLife, GEICO, Progressive, and Southern Farm Bureau also are some of the best New Orleans, LA insurance companies.
In the above example, if you buy coverage from Progressive and switched to MetLife, you could realize annual savings of about $95. Drivers with Southern Farm Bureau might save as much as $271 a year, and Safeway policyholders might see rate reductions of $310 a year.
To find the cheapest coverage for you, click here to get a free quote or visit any of the companies below.
Remember that these policy prices are averages for all types of drivers and the different vehicles they drive and do not factor in an exact vehicle garaging location for used cars. So the auto insurance company that can offer the best rates for your situation may not even be in the top 12 companies shown above. That affirms the importance of why you need to get rate quotes from many companies using your own driver information and specific vehicle type.
For pre-owned vehicles, one of the largest factors that help determine auto insurance rates is your address in New Orleans. More populated areas tend to pay more, whereas areas with less people or fewer weather incidents tend to receive slightly lower rates.
The table below ranks the priciest cities in Louisiana for used cars to purchase car insurance in. New Orleans is listed at #1 with an annual premium of $2,856 for the average insurance policy, which is approximately $238 per month.
| Rank | City | Annual Premium |
|---|---|---|
| 1 | New Orleans | $2,856 |
| 2 | Harvey | $2,589 |
| 3 | Terrytown | $2,530 |
| 4 | Marrero | $2,469 |
| 5 | Metairie | $2,254 |
| 6 | Shenandoah | $2,183 |
| 7 | Kenner | $2,159 |
| 8 | Baton Rouge | $2,143 |
| 9 | Central | $2,135 |
| 10 | Hammond | $2,128 |
| 11 | Alexandria | $2,117 |
| 12 | Prairieville | $2,105 |
| 13 | Laplace | $2,051 |
| 14 | Slidell | $1,977 |
| 15 | Sulphur | $1,974 |
| 16 | Lake Charles | $1,974 |
| 17 | Lafayette | $1,917 |
| 18 | Monroe | $1,911 |
| 19 | New Iberia | $1,852 |
| 20 | Natchitoches | $1,835 |
| Find Cheaper Rates Go | ||
Rate information is estimated as vehicle location can change premiums considerably.
How to get discounts on New Orleans auto insurance
Car insurance companies that offer cheap quotes for used cars may also offer discounts that can reduce rates by as much as 40% or more if you meet the requirements. The best auto insurance companies and their offered discounts can be read below.
- 21st Century includes discounts for theft prevention, defensive driver, good student, anti-lock brakes, and early bird.
- State Farm discounts include student away at school, passive restraint, accident-free, good driver, and multiple policy.
- AAA has discounts for multi-policy, AAA membership discount, education and occupation, good student, and multi-car.
- Liberty Mutual has savings for new graduate, new vehicle discount, new move discount, good student, and preferred payment discount.
- Progressive may include discounts for online quote discount, multi-policy, good student, multi-vehicle, homeowner, and online signing.
The diagram below compares yearly insurance costs with and without discounts applied. The premium estimates are based on a male driver, a clean driving record, no at-fault accidents, Louisiana state minimum liability limits, comprehensive and collision coverage, and $100 deductibles.
The first bar for each age group shows insurance cost with no discounts. The second shows the rates with passive restraint, accident-free, homeowner, multiple vehicle, safe-driver, and anti-theft discounts applied. When these discounts are applied to the policy premium, theaverage amount saved on auto insurance for used cars is 28% or $1,005.
Safe drivers pay less for auto insurance
The ideal way to find the most affordable auto insurance rates for pre-owned vehicles is to drive safe and avoid getting tickets or having accidents. The chart below demonstrates how traffic citations and at-fault claims impact insurance costs for each age group. The rate quotes are based on a married male driver, full coverage, $100 deductibles, and no other discounts are factored in.
In the example above, the average cost of auto insurance per year with no accidents or violations is $3,030. Get two speeding tickets and the average cost swells to $4,201, an increase of $1,171 each year. Now get one accident along with the two speeding tickets and the 12-month cost of auto insurance for used cars goes up to an average of $5,402. That’s an increase of $2,372, or $198 per month, just for not being attentive to the road!
Buying coverage from the highest-rated insurer can be challenging considering how many choices you have in New Orleans. The company rank data shown below can help you choose which coverage providers to look at comparing rates from.
These ratings only include major nationwide insurance companies, so companies that focus mainly on Louisiana business are not factored into this list. To compare rates from these top-rated insurers and more, follow this link.
Top 10 Large Car Insurance Companies in New Orleans Ranked by Customer Service
- USAA
- Safeco Insurance
- AAA Insurance
- State Farm
- Progressive
- The Hartford
- The General
- Esurance
- GEICO
- Liberty Mutual
The agents shown below can most likely help you make a decision which policy is best, since lots of drivers aren’t clear which coverage they need and would like to have a little guidance when trying to find the best insurance rates for used cars. It can be hard to find the cheapest car insurance policy, so professional agents can provide you peace of mind knowing your coverage gives you adequate protection. To locate an agency in your neighborhood, click the link after the list.
Chase Dardar – State Farm Insurance Agent
6301 S Claiborne Ave – New Orleans, LA 70125 – (504) 861-4529
Robert Sheard Insurance
1601 Gordon St – New Orleans, LA 70117 – (504) 947-3044
Garcia Insurance Services
3815 MacArthur Blvd – New Orleans, LA 70114 – (504) 875-4077
Carl Mixon – State Farm Insurance Agent
4716 Canal St – New Orleans, LA 70119 – (504) 482-7897