New Orleans, LA Auto Insurance Rates, Quotes, Agents & Reviews
Zimlon, through its research, found that car owners in New Orleans, LA, can avail multiple discounts on car insurance by taking various factors into consideration. These factors are explored in detail by Zimlon in the analysis below.
Why are drivers in New Orleans and Baton Rouge paying the highest auto insurance premiums in Louisiana?
New Orleans and Baton Rouge are the second and fifth most expensive cities in the United States to buy auto insurance. The average annual premium in New Orleans is $2,778 and that in Baton Rouge is $1,750. Industry expert and Insurance Commissioner of Louisiana, Jim Donelon, attributed this to the fact that the likelihood of drivers filing lawsuits in these areas is higher, which is a trend in the poorer populations of the two largest cities in Louisiana.
Donelon echoed the recent recommendations of the Louisiana Property and Casualty Insurance Commission for reducing claims. The main recommendations are:
· Lower the jury trial threshold from the current $50,000 to $10,000
· Bar “pain and suffering” for uninsured motorists
· Clarify that uninsured motorist claims are to be settled just like bodily injury claims, i.e., the insurer is not required to make undisputed tenders prior to a determination of full and final uninsured motorist settlement value upon agreement by the parties or when a judgment is entered
Donelon also expressed views about considering the “no-pay, no-play” law by the state Legislature as a part of the auto liability reform package in the late 1990s. Under the “no-pay, no-play” provision, drivers who didn’t buy insurance have to forgo the first $15,000 in damages. He expects an effort to take all the pain-and-suffering or non-economic damages off the table.
According to recent estimates of Insurance Information Institute, there are approximately 13% uninsured motorists on Louisiana roads. This number is slightly under the national average of 13.8% but still presents a major threat to uninsured and insured drivers alike.
To reduce the percentage of uninsured drivers in Louisiana, the state government has started imposing fines on uninsured motorists for driving without car insurance. In June 2014, Governor Bobby Jindal signed a legislation (Act 641) which came into effect in July. Under this new law, uninsured vehicles will be impounded and licences and registrations may be revoked. The new law also increases the reinstatement charge for these products and establishes a separate minimum $75 fine for driving without auto insurance.
| Uninsured Period | Revised Fee | Old Fee |
| Less than 30 days | $100 | $25 |
| 31-90 days | $250 | $100 |
| 91 days or more | $500 | $200 |
| Notice of violation 1st offense: | $100 | $50 |
| Notice of violation 2nd offense: | $250 | $150 |
Source: Louisiana Legislative Fiscal Office
All these initiatives are expected to reduce the percentage of uninsured motorists in the long run and to help reduce premiums.
Methodology:
Zimlon.com compiled average car insurance rates of all the largest cities in the US. Rates are based on full coverage for a married, 38-year-old male (median age of the US) who averagely commutes 7,500 miles to work per year. Our hypothetical driver has a clean record and is insuring a 2014 Toyota Camry LE 4 Cyl 4 Door Sedan.
Policy characteristics include –
- $100k / $300k Bodily Injury (BI); $50k Property Damage; $100k / $300k Uninsured Motorist BI Coverage
- $50k Uninsured Motorist Property Damage Coverage; $500 Deductible; $75 Towing Coverage; $600 Rental Car Coverage
A survey of 91 car insurance companies in New Orleans, Louisiana, reveals that the cheapest premium rate starts from $225
A recent survey of car insurance policies in New Orleans, LA, demonstrated that the cheapest premium rate of $225 is offered by Pharmacists Mutual Insurance Corporation to 60-year-old married women with one at-fault accident in the last 18 months. The study shows that premium rates are influenced by a driver’s background and driving records. The cheapest premium rates were analyzed among all the driver cohorts and were found to range from $225 to $882. Pharmacists Mutual Insurance Corporation offers a premium of $882 for 18-year-old single men with one at-fault accident in the last 18 months.
The differences between the cheapest and median premiums vary between $2,572 and $416. Eighteen-year-old single men with one at-fault accident in the last 18 months can gain the highest savings by investing in the right company, since the price deviation between the median and cheapest premium rates is the greatest for this cohort, at $2,572. The median policy for this group of drivers is provided by Great Northern Insurance Corporation at $3,454. The most expensive premium is offered by Encompass Insurance Corporation of America, at $9,325.
For 18-year-old single women with one at-fault accident in the last 18 months, the most expensive premium is offered by Encompass Indemnity Corporation, at $6,839. Our study shows that this group of drivers has the second highest probability of being involved in an accident.
However, buyers can save up to $7,314 by choosing a company with rates below or equal to the median premium rate for this cohort of $2,911.
Our study shows that 3 of the 7 driver cohorts analyzed were offered the cheapest premiums by Pharmacists Mutual Insurance Corporation, while 2 were offered the second cheapest rates by this company. Encompass Insurance Corporation offers the most expensive premiums for 2 cohorts, while Amica Mutual Insurance Corporation offers the most expensive premiums for 2 others.
The following graph shows a comparison of premium rates across companies for New Orleans, LA.
The following table compares the car insurance premiums for key companies in New Orleans, LA, along with the names of the companies and the differences between the median and cheapest or most expensive rates.
| Cohort | Cheapest Car Insurance Companies in New Orleans, LA | Second Cheapest Car Insurance Companies in New Orleans, LA | Median Car Insurance Companies in New Orleans, LA | Most Expensive Car Insurance Companies in New Orleans, LA | Second Most Expensive Car Insurance Companies in New Orleans, LA | Difference b/w Cheapest and Median Prices | Difference in Price from Most Expensive to Median Prices |
|---|---|---|---|---|---|---|---|
| 18-year-old single men with one at-fault accident in the last 18 months | Pharmacists Mutual Ins. Co. ($882) | Auto Club Family Ins Co ($920) | Great Northern Ins. Co. ($3,454) | Encompass Property & Casualty Co. ($11,560) | Encompass Ins. Co. of America ($9,325) | $2,572 | $8,106 |
| 60-year-old married women with one at-fault accident in the last 18 months | Pharmacists Mutual Ins. Co. ($225) | USAA General Indemnity Co. ($277) | Teachers Ins. Co. ($641) | La. Auto Insurance Plan ($2,402) | Amica Mutual Ins. Co. ($1,932) | $416 | $1,761 |
| 48-year-old single women with no at-fault accident in the last 18 months | Auto Club Family Ins Co ($507) | Hartford Accident & Indemnity Co. ($620) | Federal Ins. Co. ($1,619) | Permanent General Assurance Corp. (Old Program) ($5,254) | Amica Mutual Ins. Co. ($4,292) | $1,112 | $3,635 |
| 30-year-old married men with no at-fault accident in the last 18 months | Allstate Ins. Co. ($317) | Pharmacists Mutual Ins. Co. ($345) | Lyndon Southern Ins. Co. (Program 3.0) ($741) | La. Auto Insurance Plan ($2,937) | Encompass Ins. Co. of America ($2,296) | $424 | $2,196 |
| 21-year-old single men with two at-fault accident in the last 18 months | Pharmacists Mutual Ins. Co. ($732) | Auto Club Family Ins Co ($828) | Property & Casualty Ins. Co. of Hartford ($2,551) | La. Auto Insurance Plan ($9,878) | Encompass Property & Casualty Co. ($8,854) | $1,819 | $7,327 |
| 21-year-old single women with two at-fault accidents in the last 18 months | Auto Club Family Ins Co ($666) | Pharmacists Mutual Ins. Co. ($851) | 21st Century Centennial Ins. Co. (New Program) ($2,311) | Encompass Property & Casualty Co. ($8,873) | Imperial Fire & Casualty Ins. Co. (Classic Program) ($6,156) | $1,645 | $6,562 |
| 18-year-old single women with one at-fault accident in the last 18 months | Auto Club Family Ins Co ($673) | Pharmacists Mutual Ins. Co. ($820) | GoAuto Ins. Co. (New Program) ($2,911) | Encompass Property & Casualty Co. ($10,225) | Encompass Indemnity Co. ($6,839) | $2,238 | $7,314 |
Factors Influencing the Cost of Car Insurance in New Orleans, LA
The city of New Orleans in Louisiana has a population of around 391,000. The median household income is $39,576, and the per capita income is $30,177. The average cost of auto insurance here is $2,546. This is higher than the cost of auto insurance in most neighboring places such as Violet, Terrytown, Meraux, Gretna, and Chalmette. Car owners need to compare multiple car insurance quotes before deciding on the one that best suits their needs. Below are some of the factors for making car insurance expensive in New Orleans.
Deductibles:
The cost of auto insurance increases with the decrease in the rate of deductibles. For example, in New Orleans, when the deductible is low, say $500, the cost of auto insurance rises to $1,352. This comes down to $1,142 when the deductible is high, say $1,000.
Age of the Driver:
As the above graph indicates, auto insurance is most expensive for young drivers in New Orleans. Teenagers pay $8,261 on an average on auto insurance in New Orleans. This is almost four times the average rate of auto insurance in the city. Car insurance is cheapest for drivers who are in their fifties and sixties. The average cost of auto insurance for a 50-year-old driver in New Orleans is $2,245, while for a 60-year-old, it is $2,276. Age is one of the most common factors affecting the cost of auto insurance in any city in the country.
Credit Score:
A poor or average credit score is yet another factor that can make auto insurance expensive for the car owner. The average cost of auto insurance for car owners with a poor credit score is $4,153, while it is $3,461 for car owners with an “average” credit score. On the other end, car owners with an “exceptional” credit score can buy auto insurance for as low as $2,184.
Driving Record:
Having a poor driving record can also prove to be expensive in New Orleans. DUIs and other driving violations can lead to a lasting impact and can cause a massive jump in average auto insurance rates.
Factors that can influence the cost of car insurance in New Orleans, LA are listed below. It is imperative to understand these factors in order to reduce the cost of car insurance. It is also essential to strike a balance between the cost of insurance and the coverage requirements.
- New Orleans, LA Auto Insurance Rates
- New Orleans, LA Auto Insurance for Different Deductible
- How the Age of Driver Affects Insurance Rates in New Orleans, LA
- Multi Vehicle Insurance Savings in New Orleans, LA
- How Credit Score Affects Car Insurance Rates in New Orleans, LA
- How DUI Affects Auto Insurance Premiums in New Orleans, LA
- Top Auto Insurance Agents Near New Orleans, LA
- How Driving Violations Affect Auto Insurance Rates in New Orleans, LA
- New Orleans, LA Auto Insurance Discounts on Anti Theft Feature
- New Orleans, LA Auto Insurance Company Reviews
New Orleans, LA Auto Insurance Rate Comparisons with Neighboring Locations | Back to Top
The following table compares the cost of insurance in New Orleans, LA with that of other cities in and around New Orleans.
| New Orleans | Violet | Terrytown | Meraux | Gretna | Chalmette | |
|---|---|---|---|---|---|---|
| Average Insurance Rates | $2,546 | $2,423 | $2,471 | $2,474 | $2,485 | $2,443 |
New Orleans, LA Auto Insurance Rates vary Based on Deductibles in Neighboring Cities | Back to Top
The following table makes a comparison of the variation in car insurance rates in and around New Orleans, LA based on the change in deductibles. A higher deductible leads to a decrease in the cost of car insurance.
| Location | Low Deductible ($500) | High Deductible ($1000) |
|---|---|---|
| Orleans | $1,352 | $1,142 |
| New Orleans | $1,947 | $1,644 |
| Arabi | $1,092 | $922 |
| Chalmette | $1,215 | $1,027 |
| Meraux | $2,879 | $2,432 |
| Violet | $1,447 | $1,222 |
| Terrytown | $1,653 | $1,396 |
| Gretna | $2,024 | $1,710 |
New Orleans, LA Auto Insurance Rates Based on the Age of the Driver | Back to Top
Teenagers in New Orleans, LA usually pay a much higher car insurance rate compared to the rest of the state as they are generally considered to be less responsible behind the wheel. Middle-aged drivers are likely to pay lower car insurance premiums if they are considered to be safer drivers by insurance companies.
| Age of Driver | Insurance Cost |
|---|---|
| Teens | $8,261 |
| 20 Years | $3,271 |
| 30 Years | $2,520 |
| 40 Years | $2,424 |
| 50 Years | $2,245 |
| 60 Years | $2,276 |
| 70 Years | $2,650 |
New Orleans, LA Car Insurance Discounts for Multi-Car Insurance | Back to Top
Car owners in New Orleans, LA can obtain discounts if they insure multiple vehicles with the same insurer. The average savings one can obtain are as follows:
| Number of Cars | Auto Insurance Cost | Total Savings |
|---|---|---|
| 2 Vehicles | $4,328 | $764 |
| 3 Vehicles | $6,492 | $1,146 |
| 4 Vehicles | $8,656 | $1,528 |
Savings on 2 Vehicles bundle:$764
Savings on 3 Vehicles bundle:$1,146
Savings on 4 Vehicles bundle:$1,528
New Orleans, LA Post- DUI Auto Insurance Rates | Back to Top
Driving Under Influence (DUI) can be an added burden on your wallet. The cost of auto insurance will go up post-DUI. The below graph does a comparison of auto insurance rates before and after DUI in and around New Orleans, LA.
| Location | Average Insurance Cost | Post DUI Insurance Rate |
|---|---|---|
| Orleans | $1,890 | $2,620 |
| New Orleans | $2,546 | $3,529 |
| Arabi | $2,441 | $3,383 |
| Chalmette | $2,443 | $3,386 |
| Meraux | $2,474 | $3,429 |
| Violet | $2,423 | $3,358 |
| Terrytown | $2,471 | $3,425 |
| Gretna | $2,485 | $3,444 |
New Orleans, LA Auto Insurance Rates Based on Credit Score | Back to Top
Car insurance companies can use the Credit Score of car drivers to determine car insurance rates. Car drivers with good credit can avail of substantial discounts on car insurance rates.
| Credit Score | Insurance Cost |
|---|---|
| Exceptional (800-850) | $2,184 |
| Excellent (740-799) | $2,493 |
| Good (670-739) | $2,653 |
| Average (580-669) | $3,461 |
| Poor (300-579) | $4,153 |
New Orleans, LA Auto Insurance Agents | Back to Top
Car owners can obtain quotes from multiple auto insurance companies. Comparing different quotes can help identify the cheapest auto insurance provider best suited for their coverage needs.
| Agent Name | Company | Agent Address | Contact Details |
|---|---|---|---|
| Derek Morel | State Farm | 5555 Bullard Ave Ste 104, New Orleans, 70128-3457 | 504-247-9241 |
| Cindi Meyer | State Farm | 1002 W Judge Perez Dr, Chalmette, 70043-4793 | 504-252-9800 |
| John Riley | Allstate | 8080 Crowder Blvd Ste E, New Orleans, 70127 | (504) 708-1544 |
| Reggie Glass | State Farm | 3800 Elysian Flds Ave, New Orleans, 70122-4565 | 504-944-4444 |
| Reggie Glass | State Farm | 3800 Elysian Flds Ave, New Orleans, 70122-4565 | 504-944-4444 |
| Rene Manfre | Allstate | 13040 I 10 Service Rd, New Orleans, 70128 | (504) 218-1586 |
| Irshad Rahman | Allstate | 6600 Plaza Dr Ste 206, New Orleans, 70127 | (504) 244-0095 |
| Ben Guillory | State Farm | 4111 Franklin Ave, New Orleans, 70122-6007 | 504-943-4055 |
| Ben Guillory | State Farm | 4111 Franklin Ave, New Orleans, 70122-6007 | 504-943-4055 |
| Ben Guillory | State Farm | 4111 Franklin Ave, New Orleans, 70122-6007 | 504-943-4055 |
New Orleans, LA Auto Insurance Rates can Increase Based on Driving Violations | Back to Top
Auto insurance rates tend to increase depending on the type and number of driving violations. The driving violations can stay on the record for a considerable amount of time leading to higher auto insurance rates. The severity of the driving violation and place of residence will determine how long the violation stays on record.
| Driving Violation | Cost Increase | Total Insurance Cost |
|---|---|---|
| Driving Without Headlights | +$112 | $2,658 |
| Driver's Failure In Showing Documents | +$247 | $2,793 |
| Driving With An Expired Registration | +$262 | $2,808 |
| Driving At A Considerably Slow Pace | +$552 | $3,098 |
| Using A Cellphone While Driving | +$583 | $3,129 |
| Running A Red Light | +$593 | $3,139 |
| Speeding | +$624 | $3,170 |
| Driving A Vehicle Without The Required Permission | +$792 | $3,338 |
| Driving With An Expired/Suspended License | +$1,716 | $4,262 |
New Orleans, LA Auto Insurance Rates Based on Anti-Theft Feature | Back to Top
Cars that are equipped with safety devices are less prone to thefts. As a result, auto insurance companies provide a considerable amount of discounts to vigilant car owners. The discounts vary depending on the type and number of safety devices installed.
| Anti Theft Feature | Insurance Cost |
|---|---|
| Audible Alarm | $2,444 |
| Active Disabling Device | $2,444 |
| Tracking Device | $2,393 |
| Passive Disabling Device | $2,368 |
Latest Auto Insurance Reviews in New Orleans, LA | Back to Top
State FarmThe overall deductible I feel is average. I do not like that we have a $250 deductible to fix a rock chip in the windshield when other companies provide this as a complimentary service.
Progressivei wood like to refer the friends and relative to join the insurance company
State FarmAs this is the same as the house insurance the rates are on par if not better than everyone else's. I have zero complaints here.
State FarmPremiums and Deductibles from State farm are more expensive than the rest but they make up for it by being one of the most popular companies.
State FarmI really don't have any complaints about the company. I am a long time customer and haven't had any major issues.
Liberty MutualI never hear from my insurance company unless it's to send me my bill. Their communication is poor.
AllstateI really like my local insurance agent and being able to reach out to them instead of calling an 800 number. They also have a very useful and easy to use app. The cost is average but better than our old company with more services available.
ProgressiveI pay much less with this company. I'm confident I can pay even less and think they will help with my policy adjustments.
ProgressiveThe customer service at this company is great. I can call anytime with questions. One point in time a customer service rep spend about an hour with me checking to see what kind of discounts I might receive and offered my suggestions on ways I could lower my bill and what facts help to figure my current payments.
ProgressiveMy insurance seems to keep increasing, although my driving record is still without any problems. Compared to someone like State Farm I have a better rate, although going with someone like Geico or a lower level insurance company my premiums might be less, but the coverage seems more questionable. I like the middle of the road. The safer path.