What Insurance is Cheapest for Good Drivers in New Orleans?

The type of vehicle that needs insurance is one of the biggest factors that determines whether or not you find economical auto insurance for good drivers. Vehicles with limited speed and performance, a great safety record, or a track record of few liability claims will cost much less to insure than high performance models. The list below illustrates coverage premiums for the most affordable automobiles to buy insurance for.

Cheapest Vehicles to Insure in New Orleans, LA
Insured Vehicle Estimated Cost for Full Coverage
Honda CR-V EX 4WD $2,371
Toyota Prius $2,565
Ford Escape XLT 2WD $2,658
Honda Accord LX 4-Dr Sedan $2,668
Chevrolet Silverado LS Regular Cab 2WD $2,748
Jeep Wrangler Sport 4WD 2-Dr $2,751
Toyota Corolla XLE $2,886
Honda Odyssey LX $2,917
Nissan Altima 3.5 SR 4-Dr Sedan $2,938
Ford Fusion SEL 4-Dr Sedan $2,944
Ford Explorer XLT AWD $2,976
Ford F-150 Lariat Crew Cab Harley 4WD $2,990
Ford Edge SEL 2WD $3,080
Hyundai Elantra SE Touring Station Wagon $3,090
Jeep Grand Cherokee Laredo 2WD $3,138
Kia Optima EX $3,146
Toyota Tacoma Double Cab 4WD $3,197
Chevrolet Malibu LT $3,206
Ford Focus SEL 4-Dr Sedan $3,245
Chevrolet Impala LTZ $3,304
Toyota Camry SE $3,311
Chevrolet Silverado 2500HD LTZ Crew Cab 4WD $3,363
GMC Sierra 2500HD SLE Extended Cab 4WD $3,369
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Data based on single female driver age 40, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Louisiana minimum liability limits. Discounts applied include safe-driver, multi-vehicle, homeowner, claim-free, and multi-policy. Premium amounts do not factor in garaging location in New Orleans, LA which can affect price quotes substantially.

Looking at the data, we can conclude that makes and models like the Honda CR-V, Toyota Prius, Ford Escape, and Honda Accord are a few of the cheapest vehicles to insure for safe drivers.

Deciphering which companies quote the most affordable auto insurance rates for good drivers takes a tad more effort in order to find coverage that fits your budget.

Each auto insurer has a unique formula for setting rates, so let’s rank the overall cheapest auto insurance companies in New Orleans, LA.

Compare Cheap Insurance Quotes for Good Drivers

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Cheapest Louisiana car insurance ranked by price
Rank Company Cost Per Year
1 USAA $1,578
2 MetLife $1,910
3 Progressive $1,946
4 GEICO $1,965
5 Safeway $2,198
6 Southern Farm Bureau $2,204
7 California Casualty $2,246
8 State Farm $2,455
9 Safe Auto $2,575
10 Allstate $3,065
11 Encompass $3,138
12 Liberty Mutual $3,756
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USAA offers some of the best car insurance rates in New Orleans at around $1,578 a year. This is $836 less than the average rate paid by Louisiana drivers of $2,414. MetLife, Progressive, GEICO, and Safeway also are some of the cheapest New Orleans, LA insurance companies.

As the example above demonstrates, if you are currently insured with Safeway and switched to MetLife, you could realize an annual savings of in the vicinity of $288. Drivers with Southern Farm Bureau may save as much as $294 a year, and California Casualty policyholders might cut rates by $336 a year.

To find out how much you can save, click here to start your custom quote or feel free to get quotes from the companies below.

Understand that those estimates are averages across all ages of drivers and types of vehicles and are not factoring in a vehicle location for good drivers. So the insurer that fits your age and vehicle best may not even be in the top 12 companies shown above. That illustrates why you need to get quotes using your own specific driver and vehicle information.

For safe drivers, one of the largest things that help determine the price you pay for insurance is your address in New Orleans. Cities with larger populations are more likely to have higher rates, whereas areas with fewer weather claims and lower vehicle theft rates benefit from lower coverage costs.

The information below lists the most costly cities in Louisiana for good drivers to buy auto insurance in. New Orleans shows up at #1 costing $2,943 for car insurance, which is approximately $245 per month.

Car insurance prices in New Orleans
Rank City Annual Premium
1 New Orleans $2,943
2 Harvey $2,563
3 Marrero $2,469
4 Terrytown $2,455
5 Metairie $2,232
6 Baton Rouge $2,231
7 Central $2,223
8 Shenandoah $2,204
9 Prairieville $2,191
10 Kenner $2,181
11 Hammond $2,044
12 Alexandria $2,034
13 Lafayette $1,995
14 Monroe $1,989
15 Slidell $1,977
16 Sulphur $1,974
17 Lake Charles $1,974
18 Laplace $1,971
19 New Iberia $1,928
20 Shreveport $1,894
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Premium amounts are estimated as the vehicle garaging location can impact coverage rates noticeably.

How to find a good Louisiana auto insurance company

Choosing the highest-rated insurance company is difficult considering how many companies there are in New Orleans. The rank data below may help you decide which coverage providers to look at comparing price quotes from. The ratings below are only made up of companies who write in the majority of U.S. states, so companies that have a smaller presence are not included in these rankings.

Top 10 Major Auto Insurers in New Orleans Ranked by Customer Satisfaction

  1. USAA – 91%
  2. AAA Insurance – 90%
  3. Esurance – 90%
  4. Progressive – 88%
  5. Safeco Insurance – 88%
  6. State Farm – 88%
  7. Allstate – 88%
  8. The Hartford – 87%
  9. GEICO – 87%
  10. 21st Century – 84%

Top 10 Major Auto Insurers Overall in New Orleans

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

Rate increases following a ticket or accident

The obvious way to find cheap auto insurance rates in Louisiana for safe drivers is to drive safe and avoid tickets and accidents. The diagram below shows how speeding tickets and at-fault claims raise auto insurance rates for different insured age categories. The premium estimates are based on a single male driver, full coverage, $250 deductibles, and no discounts are taken into consideration.

In the prior example, the average cost of an auto insurance policy per year with no accidents and a clean driving record is $3,251. Receive one speeding ticket and the average cost hikes up to $3,666, an increase of $415 each year. Then add in one accident along with the one speeding ticket and the 12-month cost of auto insurance for good drivers jumps again to an average of $4,840. That’s an increase of $1,590, or $132 per month, just for not being a responsible driver!

A good deal can quickly turn bad

Louisiana auto insurance rates are influenced by many factors which can substantially decrease or increase the price you have to pay. Improving your credit score, buying a different home, or getting a ticket for careless driving can trigger changes in premium resulting in some rates now being more affordable than the competition. Also, auto insurance companies change the rates they charge in Louisiana every year to adjust for gains or losses. A period of increased losses can result in a rate increase, while better underwriting may produce more affordable New Orleans car insurance rates.

To illustrate this example, the graph below shows the companies that have the cheapest car insurance in New Orleans, LA for a 35-year-old male driver with no prior accidents, a clean driving record, and great credit. Based on his current situation, USAA might offer the best car insurance rates in New Orleans at $2,727 annually. This is $313 more than the average policy premium paid by Louisiana drivers of $2,414. MetLife, GEICO, Progressive, and Safeway are the remainder of the cheapest New Orleans, LA auto insurance companies.

Now we will pretend the driver from above a claim, slightly worse credit, and a stop sign violation. Due to the fact that every auto insurer has a proprietary formula for determining prices, comparing quotes may now present a different set of affordable companies as shown below.

California Casualty now has the cheapest rate in New Orleans, LA with State Farm, MetLife, USAA, and Safe Auto completing the list. This example proves why Louisiana drivers need to perform a complete rate comparison to get the lowest car insurance rates for good drivers.

Prices consist of many factors and can increase or decrease at any time, so the cheapest option two years ago may now be an over-priced policy.