Louisiana requires car insurance for all drivers, with premium costs depending on a variety of personal factors such as your age, driving record, coverage level and location. To help get an estimate of what your premium might be MoneyGeek has created a Louisiana Car Insurance Calculator tool – answering a few simple questions will yield an estimate based on your unique driver profile.
Age is the key factor when calculating car insurance rates in Louisiana. Younger drivers tend to pay more due to their inexperience behind the wheel and increased chances of having an accident, though there are ways for young drivers to reduce their rates, including maintaining an excellent credit score and remaining under their parents’ policy.
Your driving record is also an essential consideration; having been involved in an at-fault accident could significantly raise your Louisiana rates. Luckily, steps are available to improve your record and minimize its effects such as attending defensive driving courses and purchasing safer vehicles.
Car insurance providers use your credit history to assess how risky you are; this is especially prevalent in Louisiana where companies use your insurance score-based credit history score to calculate premiums; drivers with poor credit typically pay 76% more for full coverage compared to drivers with excellent credit.
Consider including uninsured motorist (UM) coverage as well. This form of insurance pays your medical bills and car damage caused by uninsured drivers, providing peace of mind while increasing premium costs. Though more costly than standard collision and comprehensive policies, UM coverage offers additional peace of mind.
If you plan to rent or drive for rideshare services like Uber and Lyft, rideshare insurance should be part of your policy. It offers lower premiums than traditional auto coverage while protecting against accidents that may happen while working.
The best car insurance companies in Louisiana don’t necessarily need to be large or well-known – rather, these providers typically provide competitive prices and exceptional customer service, in addition to offering specialty products tailored specifically for groups such as college students or seniors. WalletHub editors have also ranked each group to give an idea of which insurers may best meet your individual needs.