For hybrids, one of the big criteria that are used to help calculate car insurance rates is where you choose to live. Cities with more crime and/or more people are more likely to have higher rates, whereas areas with less people or fewer weather incidents tend to receive slightly lower rates.
The following table rates the most expensive areas in Louisiana for hybrid vehicles in which to buy car insurance. New Orleans is ranked #1 with an annual cost of $2,856 for the average policyholder, which is approximately $238 each month.
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Table data uses approximated as specific New Orleans zip code can lower or raise premiums substantially.
Deciding which company offers the cheapest auto insurance rates for hybrid vehicles takes a tad more effort than just comparing a company or two.
Every insurance company has their own unique process to set their prices, so we need to take a look at the auto insurance companies that tend to be cheaper in New Orleans. It’s important to understand that Louisiana auto insurance rates are calculated based on many things which can significantly increase or decrease the price you pay. Improving your credit score, becoming a homeowner, or getting a DUI can produce rate changes that can now make some companies more affordable than others.
Best Auto Insurance Prices for Hybrids
|Rank||Company||Cost Per Year|
|7||Southern Farm Bureau||$2,271|
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USAA may offer some of the lowest car insurance rates in New Orleans at around $1,642 each year. MetLife, GEICO, Progressive, and Safeway also make the cut as some of the lowest-priced New Orleans, LA auto insurance companies.
In this example, if you currently have coverage with MetLife and switched to USAA, you might see an annual savings of upwards of $212. Customers with GEICO could save as much as $303 a year, and Progressive customers might lower prices by $363 a year.
To see if your current coverage is too expensive, click here to start your free quote or feel free to get quotes from the companies below.
These policy prices are averages for all ages of drivers and types of vehicles and do not factor in a specific location for hybrid vehicles. So the auto insurance company that can offer you the best price may not even be in the top 12 companies shown above. That helps illustrate why you need to get quotes using your own driver information and specific vehicle type.
Get discounts on New Orleans car insurance
Insurers that offer cheap quotes for hybrid vehicles may also give you price discounts that may potentially lower prices by as much as 35% if you are eligible. Larger auto insurance companies and some of the premium reductions they offer can be found below.
- Progressive may include discounts for online quote discount, good student, multi-vehicle, continuous coverage, and online signing.
- AAA includes discounts for good student, pay-in-full, anti-theft, multi-car, AAA membership discount, and education and occupation.
- Farmers Insurance policyholders can earn discounts including switch companies, alternative fuel, distant student, multi-car, and mature driver.
- GEICO has savings for air bags, driver training, anti-theft, five-year accident-free, emergency military deployment, multi-policy, and daytime running lights.
- Esurance may offer discounts for good driver, multi-car, paid-in-full, homeowner, and DriveSense.
- SAFECO discounts include multi-car, drive less, anti-theft, anti-lock brakes, teen safe driver, bundle discounts, and safe driver.
- State Farm offers premium reductions for Steer Clear safe driver discount, safe vehicle, defensive driving training, Drive Safe & Save, and multiple autos.
The illustration below compares insurance prices with and without policy discounts. The prices are based on a female driver, no claims, a clean driving record, Louisiana state minimum liability limits, comp and collision included, and $250 deductibles.
The first bar for each age group shows the average annual price with no discounts. The second shows the rates with marriage, multiple vehicle, safe-driver, anti-theft, homeowner, and passive restraint discounts applied. When taking advantage of discounts, the average savings per year on auto insurance for hybrid vehicles is 28% or $640.
Drive responsibly or pay higher rates
The easiest way to maintain the best auto insurance premiums in Louisiana for hybrids is to drive attentively and avoid getting tickets or having accidents. The example below highlights how speeding tickets and accident claims raise insurance rates for different age groups of insureds. The data is based on a married female driver, comprehensive and collision coverage, $500 deductibles, and no discounts are applied.
In the previous example, the average cost of an auto insurance policy in New Orleans per year with no violations or accidents is $1,677. Add in two speeding tickets and the average cost jumps to $2,380, an increase of $702 each year. Then add one accident along with the two speeding tickets and the annual cost of auto insurance for hybrid vehicles goes up to an average of $3,083. That’s an increase of $1,406, or $117 per month, just for being a little careless behind the wheel!
Ending up with a good quality insurance company is difficult considering how many companies are available to choose from in Louisiana. The information shown next can help you analyze which auto insurers you want to consider comparing rates from. These rankings only include insurance companies that insure vehicles in the majority of U.S. states, so smaller companies that only insure vehicles in Louisiana are not included in this list.
Top 10 Large Auto Insurers Overall in New Orleans
- AAA Insurance
- State Farm
- The Hartford
- Safeco Insurance
- American Family
- The General
Top 10 Large Auto Insurers in New Orleans Ranked by Customer Satisfaction
- USAA – 91%
- AAA Insurance – 90%
- Esurance – 90%
- Progressive – 88%
- Safeco Insurance – 88%
- State Farm – 88%
- Allstate – 88%
- The Hartford – 87%
- GEICO – 87%
- 21st Century – 84%
The importance of shopping around
New Orleans auto insurance rates are impacted by many factors that control the price you have to pay. Simply improving your credit, buying a different vehicle, or having an at-fault accident may generate price changes resulting in some rates now being cheaper than competitors. Not only may your situation change, but insurance companies change their prices multiple times each year to ensure their profitability. Heavier than normal losses may cause rate hikes, while profitable underwriting may cause cheaper New Orleans car insurance rates.
As an example, the data below shows which companies have the cheapest car insurance in New Orleans, LA for a 35-year-old male driver with no prior claims, no tickets, and good credit. Based on his current rating profile, USAA might offer the cheapest car insurance rates in New Orleans at $2,896 per year. This is $482 more than the average 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.
Let’s now give the driver from the first example an at-fault accident, poor credit, and a speeding ticket. Since each company has a different process for determining rates, getting updated rate quotes could result in a significantly different list of affordable companies as shown below.
California Casualty now has the cheapest auto insurance in New Orleans, LA with State Farm, Safe Auto, USAA, and MetLife completing the list. This shows why it is important to perform an extensive rate comparison to find affordable auto insurance quotes for hybrid vehicles. Insurance rates are made up of many risk factors and change frequently, so the cheapest rate a year ago may now be costing you a lot of money.
The agents shown below can help you decide which policy fits your needs best, as many consumers aren’t sure which coverage to buy and prefer to get some professional advice when comparing insurance rates for hybrids. It can be complicated to find the best policy on your own, and using a licensed agent can provide satisfaction knowing your coverage gives you enough coverage when you need it.
To find a New Orleans insurance agency in your neighborhood, click the button at the bottom.
- Andy Bowden – State Farm Insurance Agent
6325 Elysian Fields Ave a – New Orleans, LA 70122 – (504) 288-2219
- Ed Buckley – State Farm Insurance Agent
4822 Prytania St – New Orleans, LA 70115 – (504) 891-2886
- Mid-City Auto Title and Insurance
3328 Bienville St # A – New Orleans, LA 70119 – (504) 827-1845
- Randy Bordlee – State Farm Insurance Agent
4650 General De Gaulle Dr #102 – New Orleans, LA 70131 – (504) 392-9300
- Nick Pontiff – State Farm Insurance Agent
229 N Genois St – New Orleans, LA 70119 – (504) 309-8773