One of the many considerations that determine car insurance rates is where your residence is. Areas with more people or even just a higher incidence of claims are more likely to pay higher prices, whereas more rural areas benefit from lower rates.
The next table ranks the most expensive areas in Louisiana for 17 year olds to buy an auto insurance policy in. New Orleans is listed at #1 with the yearly price of $2,827 for car insurance, which is approximately $236 monthly.
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Premium costs are estimated as the garaging address in New Orleans can change auto insurance rates significantly.
Locating budget insurance is not the easiest thing to accomplish, and figuring out which company has the lowest-priced car insurance rates for 17 year olds takes a bit more work.
Every car insurance company uses their own method to determine premium rates, so we need to take a look at the most competitive car insurance companies in New Orleans. It’s important to know that New Orleans car insurance rates are impacted by many factors that can increase the price you have to pay for coverage. Price variation is why it is so important to perform an extensive rate comparison to get the cheapest insurance quotes for 17 year olds. Car insurance prices consist of many risk factors and change substantially, so the lowest-price company three years ago may now be an over-priced policy.
Find the Best Cheap Insurance for Teens
|Rank||Company||Cost Per Year|
|6||Southern Farm Bureau||$2,181|
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USAA has some of the lowest car insurance rates in New Orleans at around $1,626 each year. This is $788 less than the average premium paid by Louisiana drivers of $2,414. MetLife, Progressive, GEICO, and Safeway also rank well as some of the more affordable New Orleans, LA insurance companies.
In this example, if you are insured with Progressive and switched to USAA, you might realize a yearly savings of approximately $301. Customers with GEICO might save as much as $339 a year, and Safeway insureds might realize rate reductions of up to $506 a year.
Remember that these premium estimates are averaged across all ages of drivers and types of vehicles and and are not figured with an exact vehicle garaging location for 17 year olds. So the auto insurance company that has the lowest price for you may not even be in the top 12 companies shown above. That helps illustrate why you need to get rate quotes using your own driver and vehicle profiles.
Cautious drivers save money
The easiest method to maintain good car insurance prices in Louisiana for teen drivers is to drive cautiously and avoid at-fault accidents and violations. The chart below shows how violations and at-fault collisions drive up car insurance costs for different age categories. The information is based on a married female driver, comprehensive and collision coverage, $1,000 deductibles, and no discounts are applied.
The chart shows that the average cost of car insurance in New Orleans per year with a clean driving record and no accidents is $1,977. Get one speeding ticket and the average cost jumps to $2,314, an increase of $337 each year. Now include two accidents along with the one speeding ticket and the yearly cost of car insurance for 17 year olds increases to an average of $5,484. That’s an increase of $3,507, or $292 per month, just for not being more responsible behind the wheel!
Types of discounts on New Orleans insurance
Insurance companies that offer cheap quotes for 17 year olds may also provide discounts that may potentially lower prices by as much as 35% if you are eligible. A few of the larger companies and a partial list of their discounts are detailed below.
- State Farm discounts include passive restraint, anti-theft, good driver, driver’s education, and safe vehicle.
- Farmers Insurance includes discounts for good student, multi-car, youthful driver, alternative fuel, and switch companies.
- GEICO has savings for five-year accident-free, daytime running lights, defensive driver, air bags, and seat belt use.
- American Family has discounts for good student, accident-free, multi-vehicle, TimeAway discount, defensive driver, and Steer into Savings.
- Nationwide may offer discounts for easy pay, family plan, business or organization, defensive driving, and anti-theft.
- Progressive may include discounts for multi-vehicle, online quote discount, online signing, continuous coverage, multi-policy, good student, and homeowner.
The illustration below shows the comparison of car insurance costs with and without discounts applied to the policy rates. The rate quotes are based on a male driver, no claims or violations, Louisiana state minimum liability limits, comp and collision included, and $100 deductibles.
The first bar for each age group shows the average annual price with no discounts. The second shows the rates with vehicle safety, paperless filing, anti-theft, passive restraint, continuous coverage, and paid-in-full discounts applied. When drivers take advantage of discounts, the average amount saved each year on car insurance for 17 year olds is 28% or $939.
Best car insurance company in Louisiana
Picking the top company can be rather challenging considering how many different companies sell coverage in New Orleans. The rank data in the lists below could help you select which auto insurance companies you want to consider when trying find the best insurance for 17 year olds.
These rankings are for companies that insure vehicles across America, so companies that only write business in Louisiana or surrounding areas will not be included in these rankings. To get rate quotes and find cheaper insurance for 17 year olds, click this link.
Top 10 Large Auto Insurance Providers Overall in New Orleans
- AAA Insurance
- State Farm
- The Hartford
- Safeco Insurance
- American Family
- The General