The words “affordable” and “insurance” really don’t belong together, specifically when shopping around for the best coverage prices for welfare recipients. To save some money, let’s teach you some situations that help determine auto insurance rates, and find some ways to lower the cost of your next policy.
One of the more important considerations that determine the annual cost of car insurance is where you keep your vehicle in New Orleans. Areas with more people or higher crime rates are more likely to pay higher prices, whereas areas with less congestion receive better rates.
The following table ranks the highest-priced places in Louisiana for welfare recipients to buy an auto insurance policy in. New Orleans is ranked at #1 with an annual premium of $2,856 for the average policyholder, which is approximately $238 monthly.
| Rank | City | Average Per Year |
|---|---|---|
| 1 | New Orleans | $2,856 |
| 2 | Harvey | $2,589 |
| 3 | Marrero | $2,569 |
| 4 | Terrytown | $2,530 |
| 5 | Central | $2,201 |
| 6 | Metairie | $2,188 |
| 7 | Kenner | $2,181 |
| 8 | Prairieville | $2,169 |
| 9 | Baton Rouge | $2,165 |
| 10 | Shenandoah | $2,118 |
| 11 | Hammond | $2,065 |
| 12 | Alexandria | $2,054 |
| 13 | Laplace | $2,031 |
| 14 | Monroe | $1,989 |
| 15 | Slidell | $1,977 |
| 16 | Lake Charles | $1,974 |
| 17 | Sulphur | $1,954 |
| 18 | Lafayette | $1,917 |
| 19 | New Iberia | $1,909 |
| 20 | Shreveport | $1,876 |
| 21 | Natchitoches | $1,835 |
| 22 | Houma | $1,810 |
| 23 | Bayou Cane | $1,782 |
| 24 | Bossier City | $1,780 |
| 25 | Ruston | $1,669 |
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Information shown are approximated as the garaging address in New Orleans can increase or decrease insurance rates noticeably.
Finding dependable, affordable car insurance is not the easiest thing to do, and determining which companies have the most affordable insurance rates for welfare recipients calls for additional perseverance. Each insurer has a different formula to determine premium rates, so let’s begin by taking a look at the insurance companies that tend to have lower prices in New Orleans, LA.
Compare Cheap Insurance Quotes in Louisiana
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | USAA | $1,642 |
| 2 | MetLife | $1,910 |
| 3 | GEICO | $1,945 |
| 4 | Progressive | $1,946 |
| 5 | Safeway | $2,132 |
| 6 | Southern Farm Bureau | $2,271 |
| 7 | California Casualty | $2,315 |
| 8 | State Farm | $2,359 |
| 9 | Safe Auto | $2,549 |
| 10 | Allstate | $2,975 |
| 11 | Encompass | $3,266 |
| 12 | Liberty Mutual | $3,719 |
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USAA offers some of the most affordable car insurance rates in New Orleans at around $1,642 a year. MetLife, GEICO, Progressive, and Safeway would also make the list of some of the cheaper New Orleans, LA car insurance companies.
As depicted above, if you currently buy coverage from Progressive and switched to USAA, you may realize a yearly savings of upwards of $304. Policyholders with Safeway could save as much as $490 a year, and Southern Farm Bureau insureds might cut rates by $629 a year.
Be aware that those prices are averaged across all types of drivers and the different vehicles they drive and do not take into consideration a vehicle location for welfare recipients. So the insurer that can offer you the best price may not even be in the top 12 companies shown above. That emphasizes why you need to get auto insurance quotes using your own driver information and specific vehicle type.
The make and model of vehicle requiring insurance is probably the biggest factor when quoting low-cost auto insurance for welfare recipients. Vehicles with lower acceleration and performance, modern passenger safety features, or a track record of few liability claims will cost substantially less to insure than adrenaline junky models.
The next table showcases insurance prices for the most affordable automobiles to buy insurance for.
| Make and Model | Estimated Cost for Full Coverage |
|---|---|
| Honda CR-V EX 2WD | $2,448 |
| Honda Accord EX-L 4-Dr Sedan | $2,664 |
| Ford Escape Limited 2WD | $2,745 |
| Jeep Wrangler Sport 4WD 2-Dr | $2,893 |
| Toyota RAV4 Limited 2WD | $2,903 |
| Chevrolet Malibu LT | $2,960 |
| Ford Explorer XLT 4WD | $3,002 |
| Ford Focus SES 4-Dr Sedan | $3,010 |
| Toyota Prius | $3,059 |
| Hyundai Elantra GLS 4-Dr Sedan | $3,064 |
| GMC Sierra SLE Extended Cab 4WD | $3,115 |
| Ford Fusion Sport 4-Dr Sedan | $3,125 |
| Ford Edge SEL AWD | $3,115 |
| Toyota Tacoma 2WD | $3,120 |
| Chevrolet Equinox LTZ AWD | $3,115 |
| Volkswagen Jetta SE 2.5 Station Wagon | $3,157 |
| Toyota Camry LE | $3,179 |
| Dodge Grand Caravan Hero | $3,185 |
| Chevrolet Impala LS | $3,196 |
| Hyundai Sonata Limited 4-Dr Sedan | $3,320 |
| Compare Rates Now Go | |
Above prices assume single male driver age 30, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Louisiana minimum liability limits. Discounts applied include multi-policy, claim-free, multi-vehicle, safe-driver, and homeowner. Premium costs do not factor in vehicle location which can affect rates noticeably.
Looking at the numbers, you can presume that makes and models like the Honda CR-V, Honda Accord, and Ford Escape should be the most economical vehicles to insure for drivers on welfare.
Impact of speeding/accidents on New Orleans insurance rates
The easiest method to maintain good insurance prices in Louisiana for drivers on welfare is to be an attentive driver and avoid accidents and traffic violations. The example below shows how violations and at-fault fender-benders influence car insurance costs for different age groups. The data is based on a single female driver, comprehensive and collision coverage, $1,000 deductibles, and no discounts are applied.
In the previous example, the average cost of auto insurance in New Orleans per year with no accidents or violations is $2,474. Factor in two speeding tickets and the average cost jumps to $3,299, an increase of $825 each year. Now include one accident along with the two speeding tickets and the 12-month cost of insurance for welfare recipients jumps again to an average of $4,152. That’s an increase of $1,678, or $140 per month, just for not driving responsibly!
The illustration below demonstrates how deductible levels can raise or lower premium costs when searching for cheap insurance for welfare recipients. The data is based on a married male driver, comp and collision included, and no discounts are taken into consideration.
As shown above, a 50-year-old driver could cut expenses by $388 a year by changing their physical damage coverage from a $100 deductible up to a $500 deductible, or save $586 by selecting a $1,000 deductible. Younger drivers, such as the 20-year-old chart data, can save as much as $1,294 each year by using higher deductibles when buying full coverage.
If you do decide to increase your deductibles, it will be required to have enough spare savings to cover the extra out-of-pocket expense. That is the one drawback of using higher deductibles.
Compare rates to save
New Orleans, LA insurance rates are impacted by many things that may substantially change the price you pay for coverage. Simply getting older, buying a new vehicle, or getting a speeding ticket may generate price changes that can cause some rates to be affordable when they were higher priced. Also, auto insurance companies file new Louisiana car insurance rates as often as every three months to adjust for gains or losses. Higher than normal claims can result in increased rates, while long-term profits may produce cheaper New Orleans car insurance rates.
The chart below shows the company with the cheapest car insurance in New Orleans, LA for a 45-year-old male driver with no prior accidents, a clean driving record, and excellent credit. If we look at prices based on his personal risk profile, USAA offers the most affordable car insurance rates in New Orleans at $2,897 a year. This is $483 more than the average price paid by Louisiana drivers of $2,414. MetLife, Progressive, GEICO, and Safeway are the remainder of the most affordable New Orleans, LA auto insurance companies.
The chart below compares rates after we give the driver from the first example an accident claim, a lower credit rating, and a stop sign violation. Since each insurance company has a different process to determine rates, analyzing rate quotes could now result in a slightly different list of affordable New Orleans car insurance companies as shown below.
California Casualty now has the best insurance rate in New Orleans with State Farm, USAA, Safe Auto, and MetLife completing the list. This example proves why Louisiana drivers need to compare lots of rates to find the best car insurance quotes for welfare recipients. Insurance rates consist of many things and can increase or decrease at any time, so the lowest-price company the last time you shopped your coverage around may now be an over-priced policy.
How to find cheaper auto insurance for welfare recipients
The list below summarizes some of the recommended thrifty solutions that can help New Orleans drivers locate cheap car insurance.
- Increase physical damage deductibles
- Do not get traffic tickets
- Accident-free drivers may qualify for discounts
- Do not pay for comprehensive and collision coverage on older vehicles
- Having too many claims will increase rates substantially
- Keep rates low by shopping around frequently
The last suggestion is very necessary, as was noted in the article above. Insurance prices can change considerably based on profitability, so you should be ready to switch to a new company if a lower price can be found.
Loyalty to a specific company is fine, but it isn’t a good idea if that loyalty ends up costing money that could be going to better use. If you have a few minutes, now is a great time to shop around to find cheaper auto insurance for welfare recipients in New Orleans.
If you prefer to have professional advice when shopping for cheaper insurance for welfare recipients, the agencies below can probably help you decide which coverage meets your needs best. To locate a New Orleans insurance agent by location nearest to you, click the link after the list or click here to get price quotes now.
USAgencies Insurance
6003 Bullard Ave #6 – New Orleans, LA 70128 – (504) 517-8884
Allstate Insurance: Daniel Rahman
701 Dante St c – New Orleans, LA 70118 – (504) 861-2700
Garcia Insurance Services
3815 MacArthur Blvd – New Orleans, LA 70114 – (504) 875-4077
Allstate Insurance: Paul Scaffidi
720 Harrison Ave c – New Orleans, LA 70124 – (504) 822-8007
Bob Swanson Insurance
824 Elmwood Park Blvd #295 – New Orleans, LA 70123 – (504) 734-0305