The make and model of vehicle requiring insurance is one of the largest factors when trying to find low-cost car insurance for nurses. Vehicles with limited speed and performance, excellent safety ratings, or a track record of few liability claims will cost less to insure than high performance models. The next table features car insurance rates for a handful of the most affordable automobiles to insure in Louisiana.
|Make and Model||Estimated Cost for Full Coverage|
|Ford F-150 XLT Regular Cab 2WD||$2,529|
|Honda Odyssey LX||$2,534|
|Ford Escape XLT 2WD||$2,601|
|Honda CR-V EX-L 4WD||$2,669|
|Volkswagen Jetta LE 4-Dr Sedan||$2,727|
|Jeep Wrangler Unlimited Sport Islander Package 4WD 4-Dr||$2,810|
|Chevrolet Silverado LS Regular Cab 4WD||$2,864|
|Hyundai Elantra SE 4-Dr Sedan||$2,875|
|Chevrolet Equinox LTZ AWD||$2,926|
|GMC Sierra 2500HD SLE Regular Cab 4WD||$2,935|
|Chevrolet Silverado 2500HD LTZ Crew Cab 4WD||$2,926|
|Jeep Grand Cherokee SRT-8 4WD||$2,933|
|Nissan Altima Hybrid 4-Dr Sedan||$2,926|
|Ford Explorer Eddie Bauer 2WD||$2,933|
|Chevrolet Malibu Hybrid||$2,987|
|Chevrolet Impala LS||$3,008|
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Cost estimates assume single male driver age 40, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Louisiana minimum liability limits. Discounts applied include multi-vehicle, homeowner, multi-policy, claim-free, and safe-driver. Prices do not factor in specific New Orleans, LA garaging location which can change rates noticeably.
Based upon the table data, you can see that models like the Ford F-150, Honda Odyssey, Ford Escape, and Honda CR-V should be some of the most economical vehicles to insure for health professionals.
Finding out which companies quote the most affordable auto insurance rates for nurses requires more time in order to find coverage that fits your budget.
Every insurance company has a different process for setting prices, so we’ll take a look at the auto insurance companies that tend to have lower prices in New Orleans, LA.
Cheapest Insurance Rates for Health Occupations
|Rank||Company||Cost Per Year|
|6||Southern Farm Bureau||$2,204|
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USAA quotes some of the most affordable car insurance rates in New Orleans at around $1,594 per year. This is $820 less than the average premium paid by Louisiana drivers of $2,414. MetLife, GEICO, Progressive, and Safeway also rank well as some of the cheaper New Orleans, LA insurance companies.
In the above example, if you are a customer of Progressive and switched to MetLife, you may see a yearly savings of roughly $36. Insureds with Safeway might save as much as $288 a year, and Southern Farm Bureau customers might reduce rates by $294 a year.
To get a fast rate comparison, click here or feel free to get quotes from the companies below.
It’s important to note that these prices are averaged across all types of drivers and the different vehicles they drive and do not take into consideration an exact vehicle garaging location for nurses. So the car insurance company that can offer you the lowest price may not even be in the top 12 companies in the list above. That point stresses why you need to quote rates from as many companies as possible using your own specific driver and vehicle information.
Finding the top insurance company can be a challenge considering how many different companies there are to choose from in Louisiana. The information below could help you analyze which car insurance providers to look at when shopping car insurance rates for nurses.
The ratings below are only made up of large nationwide companies, so companies that have a smaller presence are not factored into these rankings. To compare prices from these companies and more, follow this link.
Top 10 Large Auto Insurance Providers Overall in New Orleans
- AAA Insurance
- State Farm
- The Hartford
- Safeco Insurance
- American Family
- The General
Discounts on New Orleans car insurance rates
Auto insurance companies that offer cheap quotes for nurses may also give you policy discounts that can reduce rates by 30% or more if you are eligible. The best auto insurance companies and some of their more popular discounts can be read below.
- Progressive has discounts for multi-vehicle, homeowner, online signing, multi-policy, online quote discount, and continuous coverage.
- MetLife discounts include multi-policy, good student, claim-free, defensive driver, accident-free, and good driver.
- Mercury Insurance offers discounts for multi-policy, age of vehicle, good student, accident-free, anti-theft, professional/association, and good driver.
- Nationwide offers discounts including family plan, accident-free, good student, business or organization, Farm Bureau membership, and easy pay.
- GEICO policyholders can earn discounts including seat belt use, anti-lock brakes, multi-vehicle, emergency military deployment, driver training, membership and employees, and air bags.
- AAA includes discounts for education and occupation, good driver, anti-theft, pay-in-full, AAA membership discount, and good student.
The chart below visualizes the comparison of auto insurance rates with and without some available policy discounts. The rates are based on a female driver, no claims or violations, Louisiana state minimum liability limits, full physical damage coverage, and $1,000 deductibles. The first bar for each age group shows the average rate with no discounts. The second bar shows the rates with defensive driving course, multiple policy, homeowner, multiple vehicle, passive restraint, and claim-free discounts applied. When these discounts are applied, the average amount saved each year on auto insurance for nurses is 28% or $519.
The diagram below illustrates how your deductible choice can change insurance premiums when trying to find cheap insurance for nurses. The premium estimates are based on a single female driver, full physical damage coverage, and no discounts are factored in.
In the chart above, a 30-year-old driver could reduce rates by $422 a year by changing their physical damage coverage from a $100 deductible up to a $500 deductible, or save $636 by choosing a $1,000 deductible. Younger drivers, such as the 20-year-old chart data, have the ability to save up to $934 or more by choosing a larger deductible amount.
When choosing a higher deductible, it is a good idea to have additional funds in a savings account to be able to pay the extra out-of-pocket expense associated with higher deductibles.
Are you paying too much for car insurance in New Orleans?
Louisiana auto insurance rates are influenced by many factors which can substantially decrease or increase the price you pay for coverage. Simply turning a year older, buying a new vehicle, or getting caught speeding can trigger price changes resulting in some companies being more affordable than others. Not only that, but companies file new rates every year to reflect underwriting profits or losses. An unexpected high level of claims may result in increased policy costs, while profitable underwriting may produce lower-priced New Orleans car insurance rates.
To help illustrate this point, the chart below shows the company with the cheapest car insurance in New Orleans, LA for a 40-year-old male driver with a clear driving record, no claims, and a high credit rating. If we compare prices based on his current risk factors, USAA might quote the cheapest car insurance rates in New Orleans at $2,727 per year. This is $313 more than the average rate paid by Louisiana drivers of $2,414. MetLife, GEICO, Progressive, and Southern Farm Bureau are also on the list of the cheapest New Orleans, LA auto insurance companies.
In this next rate comparison, we will give the driver in the first chart some claims, a lower credit rating, and a few traffic violations. Due to the fact that every insurance company has a proprietary method to set premium rates, analyzing rate quotes will most likely result in a slightly different list of cheap New Orleans auto insurance companies as shown below.
California Casualty now has the best price in New Orleans, LA with State Farm, USAA, Safe Auto, and MetLife now being in the top five. This demonstrates why consumers need to take the time to shop around when trying to get cheap car insurance rates for nurses. Rates are influenced by many different factors and can change substantially, so the best price when you last compared rates may now be one of the higher cost companies.