Figuring out which company offers the cheapest insurance rates after a speeding ticket will involve more work than just comparing a company or two. Every car insurance company has their own unique process to set policy rates, so we’ll go over the insurance companies with the overall best prices in New Orleans, LA.
It’s important that readers know that New Orleans insurance rates are determined by lots of factors that will increase or decrease the cost of a policy. Simply having a birthday, having a teen driver, or getting a reckless driving citation may prompt premium changes that can now make some companies cheaper than competitors.
Cheap Insurance Rates with Licence Points
USAA normally has some of the cheapest car insurance rates in New Orleans at around $1,594 each year. This is $820 less than the average price paid by Louisiana drivers of $2,414. MetLife, GEICO, Progressive, and Safeway would also make the list of some of the most economical New Orleans, LA car insurance companies.
As the example above demonstrates, if you are currently insured with Progressive and switched to MetLife, you could see an annual savings of around $95. Louisiana drivers with Safeway might save as much as $222 a year, and Southern Farm Bureau customers might see rate reductions of $338 a year.
To see how much you can save, click here to start your free quote or visit several of the following companies.
Remember that these estimates are averages across all ages of drivers and types of vehicles and do not take into consideration a vehicle location after a speeding ticket. So the auto insurance company that is best suited for you may not even be in the top 12 companies in the list above. That underscores the importance of why you need to get auto insurance quotes using your own specific driver and vehicle information.
The vehicle on the policy is one of the primary factors when comparison shopping for low-cost insurance after a speeding ticket. Vehicles with limited speed and performance, an excellent safety record, or a positive history of liability claims will cost quite a bit less to insure than high performance models. The list below features insurance costs for a number of the most affordable automobiles to insure in Louisiana.
| Vehicle Insured | Estimated Cost for Full Coverage |
|---|---|
| Ford Escape XLS 4WD | $3,419 |
| Honda CR-V EX 4WD | $3,729 |
| Hyundai Elantra GLS Touring Station Wagon | $3,736 |
| Toyota Prius | $3,792 |
| Jeep Wrangler Rubicon 4WD 2-Dr | $3,824 |
| Ford F-150 XL Regular Cab 4WD | $3,834 |
| Chevrolet Impala LS | $3,974 |
| Ford Edge SE AWD | $3,979 |
| Nissan Altima 2.5 4-Dr Sedan | $4,047 |
| Chevrolet Malibu Hybrid | $4,053 |
| Ford Explorer Eddie Bauer 4WD | $4,124 |
| Dodge Grand Caravan Crew | $4,130 |
| Toyota RAV4 Sport 2WD | $4,319 |
| Honda Odyssey EX | $4,328 |
| Nissan Rogue S AWD | $4,330 |
| GMC Sierra 2500HD SLE Crew Cab 4WD | $4,351 |
| Volkswagen Jetta SE 2.5 Station Wagon | $4,365 |
| Dodge Ram Crew Cab TRX 2WD | $4,407 |
| Toyota Tacoma Double Cab 4WD | $4,414 |
| Ford Focus SES 4-Dr Sedan | $4,480 |
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Data based on single male driver age 30, two speeding tickets, no at-fault accidents, $1,000 deductibles, and Louisiana minimum liability limits. Discounts applied include multi-vehicle, multi-policy, claim-free, and homeowner. Rate information does not factor in vehicle location which can revise insurance rates noticeably.
Based upon these rates, you can presume that makes and models like the Ford Escape, Honda CR-V, Hyundai Elantra, Toyota Prius, and Jeep Wrangler should be a few of the most budget-friendly vehicles to insure after a few driving violations.
Discounts on New Orleans auto insurance
Car insurance companies that provide policies after a speeding ticket may also offer price discounts that can reduce rates by as much as 30% if you qualify. Larger insurance companies and some of the premium reductions they offer are shown below.
- Progressive has savings for continuous coverage, multi-policy, good student, online quote discount, online signing, and homeowner.
- MetLife discounts include multi-policy, defensive driver, accident-free, good student, and claim-free.
- Mercury Insurance has discounts for multi-policy, age of vehicle, annual mileage, low natural disaster claims, good driver, good student, and type of vehicle.
- Nationwide policyholders can earn discounts including family plan, business or organization, good student, easy pay, anti-theft, and defensive driving.
- GEICO may offer discounts for membership and employees, driver training, defensive driver, good student, multi-policy, and anti-theft.
- AAA may include discounts for AAA membership discount, good driver, education and occupation, multi-car, and anti-theft.
The diagram below shows the difference between premium costs with and without discounts applied. The costs are based on a female driver, no at-fault accidents and three violations, Louisiana state minimum liability limits, comp and collision included, and $1,000 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multiple vehicle, anti-theft, vehicle safety, paid-in-full, multiple policy, and continuous coverage discounts applied. When drivers take advantage of discounts, theamount saved on insurance after a speeding ticket is 28% or $1,054.
Rate difference between full and liability-only coverage
Lowering the price of insurance is probably important to most vehicle owners, and a good way to buy cheaper insurance after a speeding ticket is to buy only liability coverage. The information below compares insurance rates when comparing full coverage to liability only. Data assumes no claims or driving citations, $250 deductibles, drivers are not married, and no discounts are factored in.
On average, comp and collision coverage costs an extra $2,433 per year over having just liability coverage. That is a large expense and it proposes the question when is it a good idea to stop buying full coverage. There is no set guideline of when to drop comprehensive and collision coverage on your policy, but there is a broad guideline. If the annual cost of comprehensive and collision coverage is about 10% or more of any settlement you would receive from your insurance company, then it could be time to drop full coverage.
Picking the best insurer can be challenging considering how many choices drivers have in Louisiana. The information in the next section may help you decide which coverage providers you want to consider when comparing rate quotes. These rankings only include the companies with a significant amount of written premium nationwide, so smaller regional companies will not be included in the list.
Top 10 Large Auto Insurers Overall in New Orleans
- USAA
- AAA Insurance
- Allstate
- State Farm
- The Hartford
- Safeco Insurance
- Progressive
- American Family
- Esurance
- The General
Top 10 Large Auto Insurers in New Orleans Ranked by Value
- American Family
- AAA Insurance
- Safeco Insurance
- The Hartford
- Progressive
- 21st Century
- The General
- Esurance
- USAA
- State Farm
How to find budget-friendly auto insurance after a speeding ticket
It is possible to find better rates, and here are some of the recommended thrifty ideas that can help you buy cheap coverage.
- Try paying for small claims out-of-pocket
- Higher deductibles save money
- Buy your homeowners policy from the same company as your auto insurance
- Accidents can significantly increase rates
- Do not get traffic tickets
- Good credit scores may lower your rates
- Compare quotes from other companies often
That last idea is particularly important, as was discussed in this write-up. Auto insurance prices can be modified anytime, so drivers shouldn’t be reluctant to buy from a different company if you can save money.
Many drivers tend to have loyalty to a certain company, but it’s not recommended if that dedication is costing thousands of dollars over the life of your policy. It only take a few minutes to compare prices and find cheaper auto insurance after a speeding ticket in New Orleans.
If you have coverage questions and would like to have a professional recommendation when shopping around for cheaper insurance after a speeding ticket, the agents shown below can most likely help you determine which car insurance company is the best fit.
To locate an agency by location nearest to you, click the button link following the list or click here to compare prices now.
- Alan Jackson – State Farm Insurance Agent
7045 Read Blvd Ste 108 – New Orleans, LA 70127 – (504) 241-6799 - Hartwig Moss Insurance Agency
2626 Canal St #3 – New Orleans, LA 70119 – (504) 525-9901 - Josh Lorando – State Farm Insurance Agent
4200 Canal St c – New Orleans, LA 70119 – (504) 488-0001 - Daul Insurance
94 Westbank Expressway Trail – Gretna, LA 70053 – (504) 362-0667