Figuring out which companies offer the best auto insurance rates for 20 year old women calls for a little more sweat in order to find the lowest price quote. Every auto insurer uses their own formula to determine rates, so let’s take a look at the auto insurance companies that tend to have lower prices in New Orleans.
Best Auto Insurance Prices for Women Age 20
|Rank||Company||Cost Per Year|
|5||Southern Farm Bureau||$2,181|
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USAA offers some of the lowest car insurance rates in New Orleans at around $1,594 each year. GEICO, MetLife, Progressive, and Southern Farm Bureau also make the cut as some of the lowest-priced New Orleans, LA insurance companies.
As illustrated above, if you are insured with Progressive and switched to GEICO, you might achieve an annual premium reduction of in the neighborhood of $39. Insureds with Southern Farm Bureau could save as much as $274 a year, and Safeway policyholders might lower prices by $313 a year.
To find the cheapest coverage for you, click here to start your custom quote or visit any of the low-priced companies below.
Understand that those premium estimates are averages across all ages of drivers and types of vehicles and do not take into consideration a specific location for 20 year old women. So the auto insurance company that can offer you the lowest price may not even be in the list above. That affirms the importance of why you need to compare as many prices as possible using your own driver data and vehicle information.
For young women, one of the largest things that are looked at to determine auto insurance rates is where you choose to live in New Orleans. Areas with high crime rates or more dense population tend to pay more, whereas areas with fewer weather claims and lower vehicle theft rates have the benefit of cheaper car insurance.
The illustration below sorts the most costly cities in Louisiana for 20 year old women to purchase car insurance in. New Orleans is ranked at #1 with a yearly cost of $2,827 for the average policy, which is around $236 per month.
|Rank||City||Premium Per Year|
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Table data uses estimated as specific New Orleans garaging address can influence insurance rates substantially.
The car, truck, or SUV driven is a significant factor in finding cheap auto insurance for 20 year old women. Vehicles with lower acceleration and performance, advanced safety features, or a low likelihood of liability claims will cost quite a bit less to insure than fast, unsafe models.
The information below estimates auto insurance costs for some of the most budget-friendly vehicles to insure in Louisiana.
|Make and Model||Estimated Cost for Full Coverage|
|Ford Escape XLS 2WD||$5,423|
|Honda CR-V EX 4WD||$5,505|
|Volkswagen Jetta 2.0T Station Wagon||$6,281|
|Ford Edge SE AWD||$6,349|
|Honda Odyssey EX W/Rear Entertainment||$6,357|
|Toyota Tacoma Double Cab 4WD||$6,431|
|Chevrolet Equinox LT 2WD||$6,440|
|Chevrolet Impala LT||$6,431|
|Toyota RAV4 Limited 4WD||$6,440|
|Dodge Grand Caravan Crew||$6,513|
|Ford Explorer Eddie Bauer 4WD||$6,519|
|Honda Civic EX 4-Dr Sedan||$6,698|
|Toyota Corolla S||$6,780|
|Toyota Camry XLE||$6,788|
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Data based on single female driver age 20, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Louisiana minimum liability limits. Discounts applied include safe-driver, and claim-free. Table data does not factor in New Orleans, LA location which can alter price quotes significantly.
By looking at the data, you can see that cars like the Ford Escape, Honda CR-V, Toyota Prius, Volkswagen Jetta, and Ford Edge are most likely going to be a few of the less-costly vehicles to insure for young women. Prices will trend higher just due to the fact that there is more claim risk for 20 year old women, but generally speaking those particular vehicles will most likely have the cheapest rates that you are likely to find.
The chart below highlights how deductible choice can impact insurance costs when searching for cheap insurance for 20 year old women. The information is based on a married male driver, full coverage, and no additional discounts are factored in.
The chart above illustrates that a 30-year-old driver could reduce rates by $482 a year by switching from a $100 deductible up to a $500 deductible, or save $728 by changing to a $1,000 deductible. Youthful drivers, like the 20-year-old category, could drop their prices as much as $1,472 each year just by choosing higher deductibles. When raising deductibles, it will be important to have emergency funds available to be able to pay the extra out-of-pocket expense associated with higher deductibles.
Louisiana auto insurance companies ranked
Picking the best auto insurance provider is difficult considering how many choices drivers have in New Orleans. The information shown below may help you choose which insurers you want to consider buying from. These rankings only include major nationwide insurance companies, so smaller companies that only insure vehicles in Louisiana are not taken into consideration for the list.
|Company||Value||Customer Service||Claims||Customer Satisfaction||A.M Best Rating||Overall Score|
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Data Source: Insure.com Best Car Insurance Companies
Last year’s bargain might be this year’s rip off
New Orleans, LA auto insurance rates are impacted by many factors that control the cost of a policy. Simply improving your credit, having a teen driver, or getting a ticket for careless driving can produce rate changes resulting in some companies being more affordable than competitors.
Also, insurers file new Louisiana auto insurance rates every year in order to maintain liquidity for claims. Higher than normal claim frequency or severity may cause price increases, while less frequent claims may result in cheaper New Orleans car insurance rates.
To illustrate this example, the graph below shows the cheapest car insurance in New Orleans, LA for a 40-year-old male driver with no prior accidents, a clean driving record, and excellent credit. If we look at prices based on his personal risk profile, USAA quotes the lowest car insurance rates in New Orleans at $2,897 each year. This is $483 more than the average rate paid by Louisiana drivers of $2,414. MetLife, Progressive, GEICO, and Southern Farm Bureau round out the rest of the best New Orleans, LA auto insurance companies.
Now let’s give the driver from the first set of rates some claims, less-than-perfect credit, and a speeding ticket. Because each company has a unique approach to set their prices, analyzing rate quotes may result in a new list of affordable New Orleans car insurance companies as shown below.
California Casualty now has the cheapest rate in New Orleans with State Farm, USAA, Safe Auto, and MetLife completing the list. This example shows why it is critical to shop around with many companies to get the lowest insurance quotes for 20 year old women. Auto insurance prices can be altered by many factors and change substantially, so the cheapest company three years ago may now cost much more than other companies.