The words “low-cost” and “insurance” probably shouldn’t be used together, in particular when shopping around for the best price on coverage for infrequent drivers. Let’s start off by going over a few of the factors that have an impact on insurance rates, and see if we can help you lower the cost of the next policy you buy.
One of the many factors that are used to help calculate the cost of insurance is your zip code. Areas with a lot of weather claims or more people tend to pay slightly more, whereas areas that tend to be more rural have the luxury of lower rates.
The information below ranks the most expensive areas in Louisiana for infrequent drivers to buy auto insurance in. New Orleans comes in at #1 costing $2,856 for the average policyholder, which is approximately $238 per month.
| Rank | City | Annual Premium |
|---|---|---|
| 1 | New Orleans | $2,856 |
| 2 | Harvey | $2,487 |
| 3 | Marrero | $2,469 |
| 4 | Terrytown | $2,455 |
| 5 | Baton Rouge | $2,231 |
| 6 | Central | $2,223 |
| 7 | Shenandoah | $2,183 |
| 8 | Kenner | $2,181 |
| 9 | Prairieville | $2,169 |
| 10 | Metairie | $2,166 |
| 11 | Hammond | $2,107 |
| 12 | Alexandria | $2,096 |
| 13 | Laplace | $1,991 |
| 14 | Monroe | $1,989 |
| 15 | Sulphur | $1,954 |
| 16 | Lafayette | $1,936 |
| 17 | New Iberia | $1,928 |
| 18 | Lake Charles | $1,915 |
| 19 | Slidell | $1,899 |
| 20 | Shreveport | $1,838 |
| 21 | Natchitoches | $1,817 |
| 22 | Houma | $1,810 |
| 23 | Bayou Cane | $1,782 |
| 24 | Bossier City | $1,727 |
| 25 | Ruston | $1,652 |
| Quote Best Rates Go | ||
Information shown are approximated as the specific garaging location can increase or decrease coverage prices greatly.
Determining which insurers offer the best auto insurance rates for infrequent drivers requires a tad more effort in order to find the most economical policy. Each auto insurance company has a unique approach for determining prices, so let’s examine the auto insurance companies with the overall best prices in New Orleans, LA.
It’s important that readers know that New Orleans, LA auto insurance rates are calculated based on many things that can increase the price of coverage. Improving your credit rating, filing a claim, or having an accident may prompt premium changes that can make some companies cheaper in comparison to the competition.
Lowest Insurance Price Quotes in Louisiana
USAA may have some of the best car insurance rates in New Orleans at around $1,642 per year. GEICO, MetLife, Progressive, and Safeway also make the cut as some of the most economical New Orleans, LA auto insurance companies.
As the rates illustrate above, if you are a policyholder with Progressive and switched to GEICO, you might achieve an annual savings of roughly $20. Policyholders with Safeway could save as much as $291 a year, and Southern Farm Bureau customers might lower prices by up to $364 a year.
To find cheaper insurance rates for your vehicle, click here to get a free quote or click several companies below for low rates.
Bear in mind that those premiums are averaged across all drivers and vehicles and do not factor in an exact location for infrequent drivers. So the company that is best for you may not even be in the top 12 companies in the list above. That illustrates why you need to compare rates from multiple companies using your own personalized driver profile and vehicle information.
The vehicle you are insuring is probably the biggest factor that determines whether or not you can buy low-cost auto insurance for infrequent drivers. Vehicles with average performance, advanced safety features, or a low likelihood of liability claims will cost quite a bit less to insure than fast, unsafe models. The data below estimates car insurance premiums for some of the most budget-friendly automobiles to buy insurance for.
| Vehicle Make and Model | Estimated Cost for Full Coverage |
|---|---|
| Honda Accord EX-L 4-Dr Sedan | $2,502 |
| Ford Escape XLT 2WD | $2,522 |
| Toyota Prius | $2,557 |
| Honda CR-V LX 4WD | $2,601 |
| Ford Edge SEL AWD | $2,676 |
| Ford Focus S 4-Dr Sedan | $2,686 |
| Toyota Tacoma Double Cab 4WD | $2,728 |
| Chevrolet Malibu LT | $2,782 |
| Dodge Grand Caravan CV | $2,823 |
| Ford F-150 STX Regular Cab 2WD | $2,865 |
| Honda Odyssey Touring | $2,930 |
| Jeep Grand Cherokee Laredo 2WD | $2,988 |
| Toyota RAV4 Sport 4WD | $3,077 |
| Hyundai Elantra Blue 4-Dr Sedan | $3,094 |
| Kia Optima SX | $3,125 |
| Start Your Quote Go | |
Price data assumes single male driver age 30, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Louisiana minimum liability limits. Discounts applied include safe-driver, homeowner, multi-vehicle, claim-free, and multi-policy. Price estimates do not factor in vehicle garaging location which can revise coverage prices noticeably.
Based upon these rates, we can infer that makes and models like the Honda Accord, Ford Escape, and Toyota Prius are going to be the most affordable vehicles to insure for low mileage drivers.
Full coverage or liability only
Lowering the price of auto insurance is probably important to most people, and an effective way to buy cheap insurance for infrequent drivers is to buy liability only. The illustration below compares car insurance rates with and without full coverage. The rate quotes are based on no violations or accidents, $500 deductibles, drivers are single, and no discounts are applied to the premium.
Averaged for all ages 20 through 70, comprehensive and collision coverage on your policy costs an extra $2,390 per year more than just insuring for liability. Many of you may wonder if physical damage coverage is worth the money. There is no clear-cut rule of when to stop paying for full coverage, but there is a general guideline you can use. If the annual cost of your full coverage insurance is more than about 10% of the replacement cost minus the deductible, the it may be a good time to stop paying for full coverage.
Safe drivers pay less for auto insurance
The ideal way to obtain low auto insurance rates in Louisiana for low mileage drivers is to drive safe and avoid getting tickets or having accidents. The diagram below highlights how traffic violations and at-fault fender-benders can raise yearly insurance costs for different age groups. The costs are based on a single female driver, full physical damage coverage, $250 deductibles, and no other discounts are factored in.
The data in the chart shows the average cost of an auto insurance policy in Louisiana per year with a clean driving record and no accidents is $3,139. Factor in two speeding tickets and the average cost hikes up to $4,221, an increase of $1,082 each year. Now throw in one accident along with the two speeding tickets and the yearly cost of auto insurance for infrequent drivers jumps again to an average of $5,311. That’s an increase of $2,172, or $181 per month, just for being a less-than-perfect driver!
How to find the cheapest car insurance for infrequent drivers
Lowering your rates is not difficult, and here are a few money-saving ideas that can help New Orleans drivers locate more affordable auto insurance.
- Get cheaper liability coverage by choosing a safer vehicle
- Clean up your credit rating
- Assess whether full coverage is needed
- Save money by bundling your home and auto policies
- At-fault accidents can raise rates significantly
- Compare quotes from other companies often
The last tip in the list is highly crucial, as was affirmed in this write-up. Car insurance prices fluctuate considerably, so don’t hesitate to change insurance companies if you can save money. We understand brand loyalty, but it’s not recommended if that faithfulness ends up costing you hundreds every year. If you have a few minutes, now is a great time to shop around to find cheaper auto insurance for infrequent drivers in New Orleans.
If you prefer to get help from a professional when shopping around for cheaper insurance for infrequent drivers, the insurance agencies listed below can probably help you make a decision which coverage fits your budget. To find an auto insurance agency using an interactive map, click the button following the list.
- KTS Insurance Agency
3239 Bienville St – New Orleans, LA 70119 – (504) 371-5519 - First Insurance, Inc.
First Bank and Trust Building, 909 Poydras St #2260 – New Orleans, LA 70112 – (504) 322-4927 - Pappalardo Agency, Inc.
145 Robert E Lee Blvd #202 – New Orleans, LA 70124 – (504) 486-7441 - Josh Lorando – State Farm Insurance Agent
4200 Canal St c – New Orleans, LA 70119 – (504) 488-0001 - Robert Sheard Insurance
1601 Gordon St – New Orleans, LA 70117 – (504) 947-3044