It’s safe to conclude that car insurance companies don’t want you to look for a cheaper policy. Consumers who compare other rates will probably move their business because the odds are good of finding lower rate quotes. A recent survey found that drivers who shopped around annually saved approximately $72 a month compared to other drivers who don’t make a habit of comparing rates.
If saving money on auto insurance in New Orleans is your goal, then having some knowledge of the best way to quote and compare coverages can save money and time.
If your goal is the lowest price, then the best way to save on Subaru WRX insurance in New Orleans is to compare quotes annually from companies that sell auto insurance in Louisiana.
First, get a basic knowledge of how car insurance works and the measures you can take to keep rates low. Many things that result in higher prices such as tickets, at-fault accidents, and your credit history can be eliminated by being financially responsible and driving safely.
Second, compare price quotes from independent agents, exclusive agents, and direct companies. Exclusive agents and direct companies can provide rates from a single company like Progressive and State Farm, while independent agents can provide price quotes from multiple insurance companies.
Third, compare the quotes to your current policy to see if you can save by switching companies. If you find a lower rate and buy the policy, verify that coverage does not lapse between policies.
Fourth, give proper notification to your current agent or company of your intent to cancel your existing policy. Submit a down payment along with a signed application for your new policy. As soon as you can, keep your new certificate verifying coverage with your vehicle’s registration.
A good tip to remember is to make sure you enter similar coverage information on every quote request and and to get price estimates from every company you can. Doing this helps ensure a level playing field and a thorough selection of prices.
If you have a policy now or just want a better rate, follow these tips to buy cheaper auto insurance without reducing coverage. Finding the cheapest auto insurance coverage in New Orleans is much easier if you know where to start. Drivers just have to understand the proper way to compare different rates on the web.
Auto insurance providers offering affordable prices in Louisiana
The companies in the list below offer price quotes in Louisiana. To locate the best auto insurance in New Orleans, we recommend you compare several of them to find the cheapest auto insurance rates.
Save money on Subaru WRX insurance in New Orleans with these car insurance discounts
Some insurance providers do not list every policy discount in a way that’s easy to find, so the list below contains both the well known and the more hidden credits available to bring down your rates.
- Resident Student – College-age children who live away from home to go to college and leave their car at home may be able to be covered for less.
- Multiple Vehicles – Purchasing coverage when you have multiple cars or trucks with the same car insurance company can reduce the rates for all insured vehicles.
- New Orleans Homeowners Pay Less – Being a homeowner may earn you a small savings because maintaining a house requires a higher level of personal finance.
- Seat Belt Usage – Drivers who require all vehicle occupants to buckle up before driving can save a little off the medical payments premium.
- Good Grades Discount – Performing well in school can get you a discount of up to 25%. Most companies allow this discount up to age 25.
- Defensive Driver Discount – Taking time to complete a driver safety course could cut 5% off your bill and easily recoup the cost of the course.
Drivers should understand that some credits don’t apply to the entire policy premium. The majority will only reduce individual premiums such as comprehensive or collision. Despite the fact that it seems like all the discounts add up to a free policy, company stockholders wouldn’t be very happy. But all discounts will help lower the cost of your policy.
To choose insurance companies with significant discounts in New Orleans, click this link.
Informed Decisions Result in Lower Insurance Costs
The best way to find cheaper auto insurance is to take a look at the factors that are used to determine the rates you pay for auto insurance. If you know what impacts premium levels, this enables you to make decisions that can earn you lower rates.
Big cities mean more claims – Having an address in less populated areas of the country can be a good thing when buying auto insurance. People who live in big cities have much more traffic and more severe claims. Less people living in that area means reduced accidents and a lower car theft rate.
Always keep your auto insurance in force – Not maintaining insurance is a big no-no and your next policy will cost more because you let your insurance expire. In addition to paying higher rates, failure to provide proof of insurance could result in a revoked license or a big fine.
Liability coverage risk factors – Your policy’s liability coverage is the coverage that protects you if ever a court rules you are at fault for damages from an accident. Liability insurance provides you with a defense in court up to the limits shown on your policy. Liability insurance is pretty cheap compared to other policy coverages, so insureds should have plenty of protection for their assets.
Performance makes a difference – The performance level of the vehicle you need to insure makes a substantial difference in your rates. The lowest performance passenger vehicles usually have the lowest premiums, but that’s not the only thing that factors into the final price.
Consider raising coverage deductibles – The deductibles you choose state the amount of money you are required to spend out-of-pocket if a claim is determined to be covered. Coverage for physical damage, aka comp and collision, insures against damage to your car. Some examples of covered claims could be rear-ending another vehicle, vandalism, and having a roll-over accident. The more damage repair cost you pay before a claim is paid (deductible), the bigger discount you will receive.
What’s your car’s crash test rating? – Vehicles with high crash test scores cost less to insure. The safest vehicles reduce the chance of injuries and lower rates of occupant injuries translates directly to fewer claims and more competitive rates for policyholders. If your Subaru WRX has at least four stars on Safercar.gov you may pay a lower rate.
Loss probability for a Subaru WRX – Auto insurance companies factor in insurance loss information as a way to help calculate a profitable premium rate. Vehicles that statistically have increased claim numbers or amounts will be charged more to insure. The table below shows the collected loss data for Subaru WRX vehicles.
For each policy coverage type, the loss probability for all vehicles, as an average, is set at 100. Values that are under 100 indicate a favorable loss history, while numbers above 100 show a trend for more claims or statistically larger claims.
|Make and Model||Collision||Property Damage||Comp||Personal Injury||Medical Payment||Bodily Injury|
|Subaru WRX 4WD||141||82||158||94||81||84|
Statistics Source: Insurance Institute for Highway Safety for 2013-2015 Model Years
Insurance quotes from local New Orleans insurance agencies
Many people still prefer to talk to a local agent and that is a smart decision Most agents are trained risk managers and help in the event of a claim. An additional benefit of comparing insurance online is that you can obtain lower car insurance rates and still have a local agent.
Upon completion of this simple form, the quote information is transmitted to local insurance agents in New Orleans who will give you quotes for your coverage. It makes it easy because there is no need to do any legwork as quotes are delivered directly to your email. In the event you want to get a rate quote from a specific insurance provider, you just need to visit that company’s website and fill out the quote form the provide.
Finding the right insurer is decision based upon more than just a cheap price quote. The answers to these questions are important, too.
- Do they have a Better Business Bureau rating in New Orleans?
- Does the company have a solid financial rating?
- Do you work with a CSR or direct with the agent?
- How long has their agency been open in New Orleans?
- Which members of your family are coverage by the policy?
- Does the agency have a current Errors and Omissions policy?
- Is the coverage adequate for your vehicle?
- Is the agent CPCU or CIC certified?
Choose an insurance agent wisely
When searching for local New Orleans agents, it can be helpful to understand the different types of agents and how they function. Insurance agents in New Orleans may be either exclusive or independent (non-exclusive). Both write policy coverage, but it’s worth mentioning the difference in how they write coverage since it may influence your agent selection.
Exclusive agents write business for a single company and examples are State Farm or Allstate. Exclusive agencies are unable to provide prices from multiple companies so you might not find the best rates. Exclusive agents are well trained in insurance sales and that enables them to sell even at higher rates.
Listed below is a short list of exclusive insurance agents in New Orleans who may provide you with price quote information.
Independent Insurance Agents
Agents that choose to be independent are not restricted to one company and that gives them the ability to insure through many companies enabling the ability to shop coverage around. If your premiums go up, they simply move your policy to a different company and you don’t have to find a new agent. If you need lower rates, you will definitely want to get quotes from multiple independent agents for maximum quote selection.
The following is a short list of independent agents in New Orleans willing to provide price quote information.
Best auto insurance in Louisiana
Finding the right auto insurance company is difficult considering how many companies there are in Louisiana. The ranking data listed below can help you analyze which auto insurers to look at comparing rate quotes with.
Top 10 New Orleans Car Insurance Companies Ranked by Claims Service
- State Farm
- Liberty Mutual
- American Family
- Titan Insurance
- AAA Insurance
Do the work, save more money
Lower-priced Subaru WRX insurance in New Orleans can be bought both online as well as from independent agents in New Orleans, so you need to shop New Orleans car insurance with both so you have a total pricing picture. A few companies may not provide internet price quotes and usually these smaller providers sell through independent agencies.
As you restructure your insurance plan, don’t be tempted to skimp on coverage in order to save money. Too many times, drivers have reduced uninsured motorist or liability limits and found out when filing a claim that their decision to reduce coverage ended up costing them more. Your aim should be to buy enough coverage at an affordable rate but still have enough coverage for asset protection.
More information can be read at these links:
- Teen Driving and Texting (State Farm)
- Who Has Cheap Auto Insurance Quotes for Teenage Females in New Orleans? (FAQ)
- Who Has Affordable New Orleans Auto Insurance Rates for Real Estate Agents? (FAQ)
- What Insurance is Cheapest for Welfare Recipients in New Orleans? (FAQ)
- How Much is Auto Insurance with Multiple Speeding Tickets in New Orleans? (FAQ)
- Five Mistakes to Avoid (Insurance Information Institute)
- Event Data Recorders FAQ (iihs.org)