What Car Insurance is Cheapest for Single Moms in New Orleans?

It’s impossible to miss the captivating commercials from car insurance companies like Farmers, State Farm, and Nationwide that say if you switch you’ll get big savings. So drivers just need to pick the company with the best ad, right?

It’s not that simple, unfortunately, as there are many unknown factors such as if you are married or single, what physical damage coverage deductibles you want, if you have maintained coverage continuously, and your age. We will try to teach you about the best ways to avoid paying too much and educate you enough to have some help in finding cheaper rates.

Comparing quotes for budget auto insurance is tough enough, and finding out which companies quote the best insurance rates for single moms will take a bit more work.

Every car insurance company has their own process for determining rates in each state, so let’s take a look at the overall cheapest insurance companies in New Orleans, LA.

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Louisiana auto insurance company rankings
Rank Company Cost Per Year
1 USAA $1,642
2 MetLife $1,854
3 Progressive $1,927
4 GEICO $1,965
5 Safeway $2,220
6 Southern Farm Bureau $2,248
7 California Casualty $2,338
8 State Farm $2,359
9 Safe Auto $2,549
10 Allstate $2,975
11 Encompass $3,266
12 Liberty Mutual $3,645
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USAA may have some of the best car insurance rates in New Orleans at around $1,642 a year. MetLife, Progressive, GEICO, and Safeway also qualify as some of the lowest-priced New Orleans, LA insurance companies.

As depicted above, if you are a customer of GEICO and switched to MetLife, you may realize a yearly savings of around $111. Customers with Safeway might save as much as $366 a year, and Southern Farm Bureau insureds might cut rates by $394 a year.

To get a fast rate comparison, click here or visit several of the following companies.

These estimates are averaged for all types of drivers and the different vehicles they drive and and are not figured with an exact vehicle garaging location for single moms. So the car insurance company that has the cheapest rates for you may not even be in the top 12 companies in the list above. That emphasizes why you need to quote rates from many companies using your own personalized driver profile and vehicle information.

One of the many criteria that aid in calculating car insurance rates is the neighborhood you call home in New Orleans. Cities with more crime and/or more people tend to have higher auto insurance costs, whereas areas with fewer weather claims and lower vehicle theft rates have the enjoyment of a little cheaper coverage.

The following table ranks the most expensive places in Louisiana for single moms to purchase car insurance in. New Orleans is ranked #1 with a yearly premium of $2,827 for coverage, which is approximately $236 each month.

Car insurance prices in New Orleans
Rank City Annual Rate
1 New Orleans $2,827
2 Harvey $2,589
3 Marrero $2,544
4 Terrytown $2,530
5 Central $2,223
6 Shenandoah $2,204
7 Prairieville $2,191
8 Metairie $2,188
9 Baton Rouge $2,165
10 Kenner $2,159
11 Alexandria $2,096
12 Hammond $2,065
13 Laplace $1,971
14 Sulphur $1,954
15 Lake Charles $1,934
16 Monroe $1,931
17 New Iberia $1,928
18 Slidell $1,919
19 Lafayette $1,917
20 Shreveport $1,876
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Premium amounts are comparative as the specific geographic location can alter prices considerably.

The type of vehicle you are seeking coverage for is one of the largest factors when comparing cheap car insurance for single moms. Vehicles with economical engines, advanced safety features, or a low likelihood of liability claims will cost much less to insure than adrenaline junky models.

The table below ranks insurance costs for the most economical automobiles to insure.

Cheapest Vehicles to Insure in New Orleans, LA
Vehicle Estimated Cost for Full Coverage
Honda CR-V LX 2WD $2,604
Hyundai Elantra GLS Touring Station Wagon $2,611
Ford Fusion S 4-Dr Sedan $2,690
Chevrolet Malibu Hybrid $2,697
Ford F-150 FX4 Super Cab 4WD $2,741
Ford Escape XLS 4WD $2,786
Toyota Prius $2,885
Jeep Wrangler Sahara 4WD 2-Dr $2,919
Dodge Ram Crew Cab SLT 2WD $2,936
Ford Edge SEL AWD $3,025
Honda Odyssey EX $3,031
Toyota Camry Hybrid $3,073
Dodge Ram 2500 Crew Cab ST 2WD $3,083
Toyota RAV4 Sport 2WD $3,083
Ford Explorer Eddie Bauer 2WD $3,128
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Cost estimates assume single female driver age 30, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Louisiana minimum liability limits. Discounts applied include safe-driver, multi-policy, multi-vehicle, homeowner, and claim-free. Information does not factor in specific New Orleans, LA garaging location which can revise premiums greatly.

Based upon these rates, we can presume that makes and models like the Honda CR-V, Hyundai Elantra, and Ford Fusion are going to be some of the most budget-friendly vehicles to insure for single parents.

Full coverage or liability only

Saving on insurance is the goal of most people, and one easy way to buy cheaper insurance for single moms is to not buy full coverage. The example below shows the comparison of insurance costs with full physical damage coverage and with liability coverage only. The rates are based on no violations or accidents, $100 deductibles, marital status is single, and no policy discounts are applied.

As an overall average, comp and collision coverage costs $2,655 per year more than just insuring for liability. That is a large expense which might make you wonder when is it a good idea to stop buying full coverage. There is no clear-cut rule to drop physical damage coverage on your policy, but there is a guideline you can consider. If the yearly cost of full coverage is more than around 10% of replacement cost minus your deductible, then it may be the right time to buy liability only.

There are some scenarios where only buying liability is not in your best interest. If you still owe a portion of the original loan, you have to maintain full coverage in order to prevent your loan from defaulting. Also, if you cannot afford to purchase a different vehicle in case of an accident, you should keep full coverage.

How careless driving impacts insurance rates

One of the best ways to get affordable insurance prices in Louisiana for single parents is to be a careful driver and avoid at-fault accidents and violations. The illustration below illustrates how violations and at-fault fender-benders can increase car insurance costs for different categories of driver ages. The prices are based on a married female driver, full physical damage coverage, $500 deductibles, and no discounts are factored in.

In the example above, the average cost of car insurance per year with no violations or accidents is $2,229. Get one speeding ticket and the average cost swells to $2,603, an increase of $374 each year. Then include one accident along with the one speeding ticket and the yearly cost of insurance for single moms jumps again to an average of $3,654. That’s an increase of $1,426, or $119 per month, just for being a careless driver!

Can you find cheaper New Orleans car insurance?

New Orleans insurance rates are influenced by many factors which can substantially change the cost of having a policy. Simply improving your credit, buying a home instead of renting, or getting a couple of tickets can produce rate changes resulting in some rates now being more affordable than competitors. And not only may your rating factors change, but auto insurance companies file new Louisiana auto insurance rates every year or even multiple times each year to adjust for heavy claims or excess profits. Larger than normal claims may result in increased rates, while profitable underwriting may cause cheaper New Orleans car insurance rates.

The data below demonstrates which company has the cheapest car insurance in New Orleans, LA for a 30-year-old female driver with a good driving record, no prior claims, and good financial standing. Based on her current rating profile, USAA may have the lowest car insurance rates in New Orleans at $2,782 a year. This is $368 more than the average policy premium paid by Louisiana drivers of $2,414. MetLife, GEICO, Progressive, and Safeway are the rest of the cheapest New Orleans, LA auto insurance companies.

The next chart shows rates after we give the driver in the first chart an accident claim, a lower credit rating, and a couple of points charged on her driving record. Since every car insurance company has their own process for filing rates in each state, getting updated rate quotes could now result in a different list of companies as shown below.

California Casualty now has the cheapest insurance rate in New Orleans with State Farm, USAA, MetLife, and GEICO also having competitive pricing. This demonstrates why New Orleans drivers need to spend some time comparing rates when trying to get the cheapest car insurance rates for single moms.

Insurance prices are made up of many risk factors and change frequently, so the lowest-price company the last time you compared rates may now be one of the higher cost companies.