Wouldn’t it be easy if you could just know the one best car insurance company that has the best auto insurance prices for drivers over age 50? It’s not that easy, however, as there are many unknown aspects like how experienced of a driver you are, the area where you live, and what level of deductibles you need. We will touch on the different scenarios that increase car insurance cost and also should give you a solid foundation to find cheaper car insurance in Louisiana.
For older drivers, one of the largest factors that are looked at to help calculate the annual cost of car insurance is where you live in New Orleans. Areas with more people or higher crime rates tend to have more expensive car insurance rates, whereas areas with lower crime rates and fewer weather claims tend to receive cheaper rates.
The information below sorts the most costly cities in Louisiana for drivers over age 50 in which to buy car insurance. New Orleans is listed at #1 with a yearly cost of $2,827 for coverage, which is about $236 each month.
| Rank | City | Average Per Year |
|---|---|---|
| 1 | New Orleans | $2,827 |
| 2 | Marrero | $2,544 |
| 3 | Harvey | $2,513 |
| 4 | Terrytown | $2,480 |
| 5 | Shenandoah | $2,204 |
| 6 | Central | $2,201 |
| 7 | Metairie | $2,188 |
| 8 | Baton Rouge | $2,165 |
| 9 | Kenner | $2,159 |
| 10 | Hammond | $2,128 |
| 11 | Prairieville | $2,105 |
| 12 | Alexandria | $2,096 |
| 13 | Laplace | $2,031 |
| 14 | Lafayette | $1,995 |
| 15 | Slidell | $1,977 |
| 16 | Sulphur | $1,954 |
| 17 | Monroe | $1,931 |
| 18 | Lake Charles | $1,915 |
| 19 | New Iberia | $1,909 |
| 20 | Shreveport | $1,876 |
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Rates are estimated as the garaging address in New Orleans can influence premiums greatly.
The make and model of vehicle requiring coverage is a large factor when comparing quotes for the most affordable car insurance for drivers over age 50. Vehicles with lots of speed or power, poor safety features, or high incidents of liability claims will cost significantly more to insure than more economical and safe models.
The list below showcases coverage premiums for a selection of the cheaper vehicles to insure.
| Vehicle | Estimated Cost for Full Coverage |
|---|---|
| Honda CR-V LX 4WD | $2,168 |
| Ford Escape XLT 2WD | $2,176 |
| Honda Accord LX-P 4-Dr Sedan | $2,168 |
| Hyundai Elantra SE Touring Station Wagon | $2,357 |
| Ford Edge SE 2WD | $2,380 |
| Toyota Prius | $2,407 |
| Dodge Grand Caravan Hero | $2,570 |
| Chevrolet Malibu LS | $2,580 |
| Toyota RAV4 Sport 4WD | $2,570 |
| Chevrolet Silverado LT Extended Cab 4WD | $2,575 |
| Toyota Camry LE | $2,570 |
| Ford Fusion S 4-Dr Sedan | $2,576 |
| Chevrolet Impala LT | $2,570 |
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Premium data assumes single male driver age 50, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Louisiana minimum liability limits. Discounts applied include claim-free, multi-policy, safe-driver, homeowner, and multi-vehicle. Rates do not factor in the specific area where the vehicle is garaged which can change premium rates greatly.
Based upon these rates, models like the Honda CR-V, Ford Escape, Honda Accord, Hyundai Elantra, and Ford Edge should be the most budget-friendly vehicles to insure for older drivers.
Finding good, affordable auto insurance is not most people’s favorite thing to do, and figuring out which companies have the most affordable car insurance rates for drivers over age 50 takes a bit more work. Every auto insurer has a proprietary formula for determining rates, so let’s rank the most competitive car insurance companies in New Orleans, LA.
It’s a good idea to be aware that Louisiana car insurance rates are impacted by many things which can significantly increase or decrease the policy premium. Things like getting older, getting married, or getting a DUI can trigger rate changes resulting in some rates now being less affordable than competitors.
Find Cheaper Car Insurance for Age 50+
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | USAA | $1,642 |
| 2 | MetLife | $1,892 |
| 3 | GEICO | $1,907 |
| 4 | Progressive | $1,946 |
| 5 | Safeway | $2,132 |
| 6 | Southern Farm Bureau | $2,204 |
| 7 | California Casualty | $2,246 |
| 8 | State Farm | $2,455 |
| 9 | Safe Auto | $2,653 |
| 10 | Allstate | $2,945 |
| 11 | Encompass | $3,266 |
| 12 | Liberty Mutual | $3,645 |
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USAA normally has some of the lowest car insurance rates in New Orleans at around $1,642 per year. MetLife, GEICO, Progressive, and Safeway would also make the list of some of the best New Orleans, LA car insurance companies.
As illustrated above, if you are a policyholder with MetLife and switched to USAA, you might achieve savings of upwards of $250. Louisiana drivers with GEICO might save as much as $265 a year, and Progressive customers might reduce prices by as much as $304 a year.
To see how much you can save, click here to start your free quote or click through to the companies below.
Bear in mind that those rates are averaged for all ages of drivers and types of vehicles and are not factoring in a specific location for drivers over age 50. So the auto insurance company that can offer you the best rate may not even be in the top 12 companies in the list above. That affirms the importance of why you need to compare prices as often as possible using your own specific driver and vehicle information.
Get discount New Orleans auto insurance
Insurers that provide coverage for drivers over age 50 may provide special discounts that can lower rates by 30% or more if you qualify. Larger car insurance companies and their offered discounts are:
- GEICO offers discounts including air bags, membership and employees, seat belt use, driver training, and daytime running lights.
- Mercury Insurance offers premium reductions for accident-free, good driver, ease of repair, good student, type of vehicle, multi-policy, and professional/association.
- Farmers Insurance policyholders can earn discounts including youthful driver, homeowner, business and professional, bundle discounts, early shopping, and pay in full.
- Auto-Owners Insurance may offer discounts for safe driver, multiple vehicles, mature driver, safe vehicle, and multi-policy.
- Liberty Mutual has discounts for hybrid vehicle, newly retired, multi-policy, new move discount, and exclusive group savings.
- SAFECO has savings for safe driver, bundle discounts, drive less, anti-theft, anti-lock brakes, and multi-car.
- Progressive may have discounts that include good student, online signing, online quote discount, multi-vehicle, continuous coverage, homeowner, and multi-policy.
- USAA includes discounts for multi-policy, vehicle storage, military installation, multi-vehicle, and loyalty savings.
The chart below shows the difference between insurance costs with and without discounts applied. The data is based on a male driver, no violations or accidents, Louisiana state minimum liability limits, comprehensive and collision coverage, and $1,000 deductibles. The first bar for each age group shows the price with no discounts. The lower bar shows the rates with claim-free, homeowner, vehicle safety, defensive driving course, multiple policy, and marriage discounts applied. When these discounts are applied, theaverage amount saved on car insurance for drivers over age 50 is 30% or $786.
Which car insurance company is best in Louisiana?
Finding a high-quality auto insurance company can be rather challenging considering how many companies sell coverage in New Orleans. The ranking data below may help you select which insurers you want to consider putting your business with.
The ratings below are only comprised of large insurance companies, so companies that only write business in Louisiana or surrounding areas are not taken into consideration for this list. If you’d like to compare prices from these and other competitive companies, just click here.
Top 10 Large Auto Insurers in New Orleans Ranked by Customer Service
- USAA
- Safeco Insurance
- AAA Insurance
- State Farm
- Progressive
- The Hartford
- The General
- Esurance
- GEICO
- Liberty Mutual
Top 10 Large Auto Insurers in New Orleans Ranked by Claims Service
- Allstate
- State Farm
- American Family
- GEICO
- Liberty Mutual
- Esurance
- AAA Insurance
- The Hartford
- 21st Century
- The General
Why are you paying too much for car insurance?
New Orleans, LA car insurance rates are influenced by many factors that can increase the policy premium. Simply getting older, getting divorced, or getting a ticket for careless driving may cause policy rate changes that can cause some rates to be affordable when they were higher priced.
In addition to those changes, insurance companies change their prices every year in order to protect their financial rating. A period of increased losses may result in price increases, while lower claim expenses may produce lower-cost New Orleans car insurance rates.
As an example, the chart below analyzes the cheapest car insurance in New Orleans, LA for a 30-year-old male driver with a clear driving record, no claims, and excellent credit. If we estimate rates based on his personal risk profile, USAA might offer the cheapest car insurance rates in New Orleans at $2,726 each year. This is $312 more than the average premium paid by Louisiana drivers of $2,414. MetLife, GEICO, Progressive, and Southern Farm Bureau are also on the list of the top five cheapest New Orleans, LA auto insurance companies.
The next chart shows rates after we give the driver from the first example a claim surcharge, a little lower credit rating, and a few traffic violations. Because each insurer has a unique formula for establishing rates, comparing quotes may result in a significantly different list of the cheapest companies as shown below.
California Casualty now has the lowest price on auto insurance in New Orleans, LA with State Farm, MetLife, GEICO, and Safe Auto now rounding out the top five. This illustrates why it is important to perform an extensive rate comparison when trying to find the lowest car insurance rates for drivers over age 50. Prices are calculated by many different factors and can change substantially, so the lowest-price company when you last compared rates may now be an over-priced policy.
How to find cheaper insurance for drivers over age 50
The list below details some of the recommended penny-pinching suggestions that can help you get cheap car insurance.
- Do not get traffic citations
- Increase physical damage deductibles
- Accidents can significantly increase rates
- Drive vehicles with five-star safety ratings
- Pay cheaper rates with good credit scores
- Compare quotes from other companies often
The last idea is especially critical, as we emphasized in the article above. Insurance rates can change significantly in a year, so don’t be unwilling to change to a new company if a better rate can be found. Many drivers have brand loyalty and that’s fine, but it’s not a great idea if it’s costing you a small fortune year after year. It only takes a couple minutes to compare rates to find cheaper car insurance for drivers over age 50 in New Orleans.
If you aren’t clear which coverage you need and would like to get some professional input when shopping around for cheaper insurance for drivers over age 50, the professional agents shown below are willing to provide answers to your questions and help you determine which coverages are best. To find an agent by location nearest to you, click the button following the list or click here to compare rates now.
Charles Hemmans – State Farm Insurance Agent
4611 S Carrollton Ave – New Orleans, LA 70119 – (504) 313-5498
ABC Insurance
4101 S Carrollton Ave c – New Orleans, LA 70119 – (504) 486-0123
Hartwig Moss Insurance Agency
2626 Canal St #3 – New Orleans, LA 70119 – (504) 525-9901
Martin Insurance Agency, Inc
4700 Orleans Ave – New Orleans, LA 70119 – (504) 486-6133