For drivers in New Orleans, one of the big considerations that help determine the cost of insurance is where your car is garaged. Areas with more people or more claims are more likely to have higher rates, whereas areas that tend to be more rural tend to receive cheaper rates.
The table below lists the highest-priced areas in Louisiana to buy an auto insurance policy in. New Orleans makes the list at #1 with the annual price of $2,914 for the average insurance policy, which is around $243 monthly.
| Rank | City | Annual Rate |
|---|---|---|
| 1 | New Orleans | $2,914 |
| 2 | Harvey | $2,513 |
| 3 | Marrero | $2,469 |
| 4 | Terrytown | $2,455 |
| 5 | Metairie | $2,254 |
| 6 | Kenner | $2,247 |
| 7 | Baton Rouge | $2,231 |
| 8 | Shenandoah | $2,204 |
| 9 | Prairieville | $2,191 |
| 10 | Central | $2,157 |
| 11 | Alexandria | $2,117 |
| 12 | Hammond | $2,044 |
| 13 | Laplace | $2,031 |
| 14 | Lafayette | $1,976 |
| 15 | Sulphur | $1,974 |
| 16 | Monroe | $1,970 |
| 17 | Lake Charles | $1,934 |
| 18 | New Iberia | $1,928 |
| 19 | Slidell | $1,919 |
| 20 | Shreveport | $1,876 |
| 21 | Bayou Cane | $1,818 |
| 22 | Bossier City | $1,797 |
| 23 | Houma | $1,791 |
| 24 | Natchitoches | $1,781 |
| 25 | Ruston | $1,652 |
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Annual rates are approximated as specific New Orleans zip code can influence coverage rates noticeably.
Having seen where New Orleans ranks for car insurance prices, establishing which companies quote the lowest-priced car insurance rates in New Orleans involves a little more work than just picking a company at random.
Each insurer has a unique approach for determining prices, so we need to take a look at the car insurance companies with the overall cheapest rates in New Orleans, LA.
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| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | USAA | $1,578 |
| 2 | MetLife | $1,854 |
| 3 | GEICO | $1,907 |
| 4 | Progressive | $1,986 |
| 5 | Safeway | $2,154 |
| 6 | Southern Farm Bureau | $2,181 |
| 7 | California Casualty | $2,246 |
| 8 | State Farm | $2,431 |
| 9 | Safe Auto | $2,575 |
| 10 | Allstate | $2,975 |
| 11 | Encompass | $3,138 |
| 12 | Liberty Mutual | $3,645 |
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USAA has some of the best car insurance rates in New Orleans at around $1,578 a year. MetLife, GEICO, Progressive, and Safeway also make the cut as some of the cheaper New Orleans, LA insurance companies.
In the above rates, if you currently have coverage with Safeway and switched to MetLife, you could earn an annual premium reduction of roughly $300. Drivers with Southern Farm Bureau may save as much as $327 a year, and California Casualty policyholders might lower prices by up to $392 a year.
Be aware that those premium estimates are averages across all ages of drivers and types of vehicles and do not take into consideration a vehicle location in New Orleans. So the company that fits you best may not even be in the top 12 companies shown above. That’s why you need to compare prices as often as possible using your own personalized driver profile and vehicle information.
Why are you paying too much for New Orleans car insurance?
New Orleans car insurance rates are impacted by many factors which can substantially decrease or increase the price you pay. Getting older, buying another vehicle, or getting into an accident may cause policy rate changes that can now make some companies more affordable than before. Not only may your situation change, but auto insurance companies change prices every year to adjust for heavy claims or excess profits. An unexpected high level of claims may cause more expensive premiums, while a profitable period can cause cheaper New Orleans car insurance rates.
To illustrate this point, the bar chart below analyzes the cheapest car insurance in New Orleans, LA for a 35-year-old male driver with a good driving record, no prior claims, and good financial standing. If we estimate rates based on his current risk factors, USAA might quote the lowest car insurance rates in New Orleans at $2,897 annually. This is $483 more than the average price paid by Louisiana drivers of $2,414. MetLife, GEICO, Progressive, and Safeway are the rest of the cheapest New Orleans, LA auto insurance companies.
Now we will give the driver from the first example some claims, less-than-perfect credit, and a speeding citation. Due to the fact that every auto insurer uses their own method to determine rates, comparing prices may now present a significantly different list of the cheapest car insurance companies in New Orleans as shown below.
California Casualty now has the best price in New Orleans, LA with State Farm, MetLife, USAA, and Safe Auto completing the list. This example proves why consumers need to shop around with many companies to find the most affordable insurance rates in New Orleans. Car insurance prices consist of many things and can change without notice, so the best price when you bought your policy may now be costing you a lot of money.
The type of vehicle to be insured is a significant factor when comparing quotes for the most economical car insurance in New Orleans. Vehicles with high performance engines, a lack of advanced safety features, or a track record of large liability claims will cost significantly more to insure than more economical and safe models.
The next table shows auto insurance rates for the most budget-friendly vehicles to insure in Louisiana.
| Vehicle Insured | Estimated Cost for Full Coverage |
|---|---|
| Honda Accord LX 4-Dr Sedan | $2,498 |
| Honda CR-V LX 4WD | $2,733 |
| Ford Escape XLS 4WD | $2,822 |
| Chevrolet Equinox LT AWD | $2,957 |
| Chevrolet Impala LT | $2,964 |
| Jeep Grand Cherokee Laredo 2WD | $2,957 |
| Nissan Altima 2.5 4-Dr Sedan | $2,966 |
| Ford Edge SE 2WD | $2,993 |
| Ford F-150 FX2 2WD | $3,014 |
| Jeep Wrangler Sahara 4WD 2-Dr | $3,057 |
| Hyundai Elantra SE 4-Dr Sedan | $3,118 |
| Toyota Prius | $3,128 |
| Nissan Rogue S AWD | $3,167 |
| Dodge Grand Caravan CV | $3,178 |
| Volkswagen Jetta 2.0T Station Wagon | $3,217 |
| Toyota Tacoma Double Cab 4WD | $3,235 |
| Toyota RAV4 Sport 4WD | $3,243 |
| Ford Focus SE 4-Dr Sedan | $3,260 |
| Dodge Ram 3500 Crew Cab Laramie 2WD | $3,299 |
| Toyota Camry Hybrid | $3,385 |
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Data rating is based on single male driver age 40, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Louisiana minimum liability limits. Discounts applied include claim-free, multi-policy, homeowner, safe-driver, and multi-vehicle. Premium costs do not factor in specific zip code location which can modify rates greatly.
Based upon the table data, you can presume that models like the Honda Accord, Honda CR-V, Ford Escape, and Chevrolet Equinox should be a few of the most budget-friendly vehicles to insure for drivers in New Orleans.
Cautious drivers save money
The recommended way to obtain the best car insurance rates for drivers in New Orleans is to drive safe and avoid getting tickets or having accidents. The diagram below highlights how speeding tickets and at-fault claims can drive up insurance rates for each different age group. The information is based on a married female driver, comprehensive and collision coverage, $1,000 deductibles, and no additional discounts are factored in.
The data charted above shows the average cost of an auto insurance policy in New Orleans per year with no accidents and a clean driving record is $1,489. Get written up for two speeding tickets and the average cost surges to $2,105, an increase of $615 each year. Now throw in one accident along with the two speeding tickets and the yearly cost of car insurance in New Orleans goes up to an average of $2,729. That’s an increase of $1,240, or $103 per month, just for not maintaining a clean driving record!
Discounts on New Orleans auto insurance
Auto insurance companies that sell policies in New Orleans could also offer premium discounts that can reduce rates by 40% or more if you can meet the requirements. A list of companies and the discounts they provide are shown below.
- State Farm policyholders can earn discounts including passive restraint, defensive driving training, Drive Safe & Save, driver’s education, good student, and Steer Clear safe driver discount.
- GEICO offers discounts including multi-policy, air bags, federal employee, five-year accident-free, and good student.
- Progressive includes discounts for multi-vehicle, online quote discount, homeowner, multi-policy, and continuous coverage.
- 21st Century discounts include anti-lock brakes, driver training, student driver, teen driver, air bags, and early bird.
- American Family offers discounts for early bird, good driver, TimeAway discount, Steer into Savings, and mySafetyValet.
- The Hartford may offer discounts for vehicle fuel type, bundle, defensive driver, anti-theft, air bag, and driver training.
- AAA may have discounts that include education and occupation, anti-theft, good driver, pay-in-full, good student, multi-policy, and AAA membership discount.
The information below compares annual premium costs with and without some available policy discounts. The rates are based on a female driver, no claims, a clean driving record, Louisiana state minimum liability limits, full physical damage coverage, and $1,000 deductibles. The first bar for each age group shows the average annual price with no discounts. The second shows the rates with accident-free, anti-theft, homeowner, claim-free, defensive driving course, and multiple policy discounts applied. When taking advantage of discounts, theamount saved on car insurance in New Orleans is 28% or $697.