One of the more important components that are used to help calculate insurance cost is your address in New Orleans. More densely populated places tend to have more expensive auto insurance rates, whereas areas with less people or fewer weather incidents have the benefit of cheaper auto insurance prices.
The information below rates the most expensive areas in Louisiana for good students in which to buy car insurance. New Orleans is ranked #1 with an annual rate of $2,856 for car insurance, which is about $238 per month.
| Rank | City | Average Per Year |
|---|---|---|
| 1 | New Orleans | $2,856 |
| 2 | Marrero | $2,569 |
| 3 | Harvey | $2,513 |
| 4 | Terrytown | $2,480 |
| 5 | Baton Rouge | $2,231 |
| 6 | Kenner | $2,225 |
| 7 | Central | $2,201 |
| 8 | Prairieville | $2,191 |
| 9 | Metairie | $2,188 |
| 10 | Shenandoah | $2,139 |
| 11 | Alexandria | $2,117 |
| 12 | Hammond | $2,107 |
| 13 | Laplace | $2,031 |
| 14 | Monroe | $1,989 |
| 15 | Sulphur | $1,974 |
| 16 | Slidell | $1,957 |
| 17 | Lafayette | $1,917 |
| 18 | Lake Charles | $1,915 |
| 19 | Shreveport | $1,876 |
| 20 | New Iberia | $1,852 |
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Rates are approximated as the specific zip code location can change prices significantly.
Deciding which companies offer the cheapest insurance rates for good students requires a tad more effort than just picking a company at random. Every car insurance company uses a different method to set premium rates, so let’s look at the rankings for the insurance companies that tend to be cheaper in New Orleans, LA.
It’s a good idea to know that New Orleans insurance rates are calculated based on many things that can increase the price of your policy. Getting older, buying another vehicle, or having an at-fault accident may prompt premium changes resulting in some rates now being more affordable than others.
Best Insurance Companies for Students
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | USAA | $1,578 |
| 2 | MetLife | $1,836 |
| 3 | GEICO | $1,887 |
| 4 | Progressive | $1,986 |
| 5 | Safeway | $2,132 |
| 6 | Southern Farm Bureau | $2,248 |
| 7 | California Casualty | $2,338 |
| 8 | State Farm | $2,431 |
| 9 | Safe Auto | $2,627 |
| 10 | Allstate | $2,975 |
| 11 | Encompass | $3,266 |
| 12 | Liberty Mutual | $3,719 |
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USAA has some of the best car insurance rates in New Orleans at around $1,578 each year. This is $836 less than the average rate paid by Louisiana drivers of $2,414. MetLife, GEICO, Progressive, and Safeway also make the cut as some of the cheaper New Orleans, LA auto insurance companies.
As depicted above, if you have coverage with GEICO and switched to USAA, you could earn annual savings of about $309. Louisiana drivers with Progressive might save as much as $408 a year, and Safeway insureds might lower prices by $554 a year.
To see if you’re overpaying, click here or visit any of the companies below.
Bear in mind that those premiums are averaged across all drivers and vehicles in Louisiana and and are not figured with a specific location for good students. So the insurer that fits your age and vehicle best may not even be in the list above. That emphasizes why you need to quote rates from as many companies as possible using your own driver information and specific vehicle type.
The car, truck, or SUV you are insuring is probably the largest consideration when quoting low-cost insurance for good students. Vehicles with reasonable performance levels, modern passenger safety features, or a low likelihood of having liability claims will cost much less to insure than adrenaline junky models. The next list shows insurance rates for some of the most cost-effective automobiles to buy coverage for.
| Make, Model, and Trim Level | Estimated Cost for Full Coverage |
|---|---|
| Honda Accord LX 4-Dr Sedan | $10,213 |
| Honda CR-V EX-L 2WD | $10,309 |
| Ford Escape Limited 2WD | $10,317 |
| Toyota Prius | $11,034 |
| Ford F-150 STX Super Cab 2WD | $11,390 |
| Honda Civic DX 4-Dr Sedan | $12,016 |
| Honda Odyssey EX W/Rear Entertainment | $12,025 |
| Ford Edge SE AWD | $12,016 |
| Ford Fusion S 4-Dr Sedan | $12,112 |
| Chevrolet Equinox LT AWD | $12,121 |
| Toyota RAV4 4WD | $12,112 |
| Chevrolet Malibu LS | $12,119 |
| Chevrolet Impala LT | $12,112 |
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Prices based on single male driver age 16, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Louisiana minimum liability limits. Discounts applied include safe-driver, and claim-free. Prices do not factor in zip code location which can revise prices significantly.
Based upon these rates, you can presume that vehicles like the Honda Accord, Honda CR-V, and Ford Escape will definitely be the less-costly vehicles to insure for student drivers.
How careless driving impacts insurance rates
A great way to enjoy the most affordable insurance prices in Louisiana for student drivers is to drive safe and maintain a clean driving record. The illustration below demonstrates how speeding tickets and accidents impact auto insurance costs for each age group. Data assumes a married male driver, comp and collision included, $1,000 deductibles, and no additional discounts are factored in.
The data in the chart shows the average cost of auto insurance in New Orleans per year with no violations or accidents is $1,651. Receive two speeding tickets and the average cost swells to $2,268, an increase of $616 each year. Then throw in two accidents along with the two speeding tickets and the annual cost of insurance for good students jumps again to an average of $4,843. That’s an increase of $3,191, or $266 per month, just for not driving safely!
How to get discounts on New Orleans auto insurance rates
Car insurance companies that offer coverage for good students could also offer discounts that can reduce rates by 35% or more if you are eligible for them. Larger insurance companies and the discounts they provide are included below.
- State Farm offers discounts including accident-free, defensive driving training, driver’s education, anti-theft, good student, and good driver.
- Liberty Mutual discounts include new move discount, safety features, newly retired, new vehicle discount, and exclusive group savings.
- American Family offers premium reductions for multi-vehicle, Steer into Savings, air bags, good student, mySafetyValet, and good driver.
- Progressive has discounts for continuous coverage, online signing, homeowner, multi-policy, good student, multi-vehicle, and online quote discount.
- Farmers Insurance includes discounts for bundle discounts, business and professional, teen driver, homeowner, and switch companies.
- Auto-Owners Insurance policyholders can earn discounts including multi-policy, paid in full, safe driver, student away at school, and paperless.
- SAFECO offers discounts for accident prevention training, anti-theft, bundle discounts, safe driver, drive less, and multi-car.
The chart below illustrates the difference between insurance prices with and without discounts applied to the premium. The rate quotes are based on a female driver, no violations or accidents, Louisiana state minimum liability limits, full physical damage coverage, and $100 deductibles.
The first bar for each age group shows the price with no discounts. The second bar shows the rates with continuous coverage, anti-theft, paperless filing, paid-in-full, vehicle safety, and good student discounts applied. When these discounts are applied, theamount saved on insurance for good students is 28% or $1,224.
Here’s why price comparisons are so important
New Orleans, LA insurance rates are determined by lots of factors which can substantially change the policy premium. Simply getting older, increasing liability limits, or getting a driving violation may cause policy rate changes that can make some companies cheaper than others. In addition to those changes, car insurance companies change prices as needed to help ensure profitability. Unexpectedly high claims can cause higher priced premiums, while long-term profits can produce cheaper New Orleans car insurance rates.
To help illustrate this point, the data below shows rates for the cheapest car insurance in New Orleans, LA for a 30-year-old male driver with no accidents, a clean driving record, and good financial standing. When comparing rates based on his current risk factors, USAA may have the best car insurance rates in New Orleans at $2,728 each year. This is $314 more than the average price paid by Louisiana drivers of $2,414. MetLife, GEICO, Progressive, and Safeway are also included in the top five cheapest New Orleans, LA auto insurance companies.
The example below compares rates after we give the driver in the first example a claim, bad credit, and a speeding citation. Since each company has their own guidelines for filing rates in each state, getting updated rate quotes most likely will result in a completely different list of affordable New Orleans car insurance companies as shown below.
California Casualty now has the lowest price on auto insurance in New Orleans with State Farm, Safe Auto, USAA, and MetLife completing the list. This demonstrates why Louisiana drivers need to spend some time comparing rates when trying to find the cheapest auto insurance quotes for good students. Insurance rates are influenced by many different factors and can increase or decrease at any time, so the most affordable company when you last compared rates may now be one of the more expensive options.