Deciding which companies have the cheapest auto insurance rates for drivers under 25 will involve a little more sweat than just comparing rates from one or two companies. Every auto insurer has a unique formula to determine rates, so we’ll take a look at the most affordable auto insurance companies in New Orleans.
It’s important to understand that New Orleans, LA auto insurance rates are impacted by many factors that control the price you pay. Simply turning a year older, buying a new vehicle, or getting a reckless driving citation can trigger price changes that may make certain companies more affordable than before.
Cheapest Insurance Rates for Young Drivers
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | USAA | $1,578 |
| 2 | GEICO | $1,907 |
| 3 | MetLife | $1,910 |
| 4 | Progressive | $1,927 |
| 5 | Safeway | $2,154 |
| 6 | Southern Farm Bureau | $2,181 |
| 7 | California Casualty | $2,269 |
| 8 | State Farm | $2,383 |
| 9 | Safe Auto | $2,653 |
| 10 | Allstate | $3,065 |
| 11 | Encompass | $3,138 |
| 12 | Liberty Mutual | $3,608 |
| Find Your Rate Go | ||
USAA has some of the cheapest car insurance rates in New Orleans at around $1,578 a year. GEICO, MetLife, Progressive, and Safeway would also be considered some of the more affordable New Orleans, LA insurance companies.
As illustrated above, if you currently have a policy with Progressive and switched to GEICO, you might realize a yearly price reduction of about $20. Customers with Safeway could save as much as $247 a year, and Southern Farm Bureau policyholders might realize rate reductions of up to $274 a year.
To find the cheapest coverage for you, click here to start your custom quote or visit any of the companies below.
Understand that those policy rates are averages across all insureds and vehicles and are not factoring in a vehicle location for drivers under 25. So the auto insurance company that has the cheapest price for you may not even be in the top 12 companies in the list above. That illustrates why you need to quote rates from as many companies as possible using your own driver data and vehicle information.
The car, truck, or SUV you are trying to insure is a large consideration when looking for the best coverage for drivers under 25. Vehicles with lots of horsepower, poor crash test ratings, or a track record of large liability claims will cost substantially more to insure than safer models.
The data below presents auto insurance premiums for some of the cheapest vehicles to insure in Louisiana.
| Insured Vehicle | Estimated Cost for Full Coverage |
|---|---|
| Honda CR-V EX 4WD | $5,592 |
| Ford Escape Limited 4WD | $5,999 |
| Honda Accord EX-L 4-Dr Sedan | $6,004 |
| Ford F-150 STX Regular Cab 2WD | $6,052 |
| Toyota Prius | $6,081 |
| Ford Focus S 4-Dr Sedan | $6,459 |
| Ford Fusion S 4-Dr Sedan | $6,538 |
| Chevrolet Equinox LT 2WD | $6,545 |
| Toyota RAV4 Sport 4WD | $6,538 |
| Jeep Grand Cherokee Laredo 2WD | $6,546 |
| Chevrolet Impala LT | $6,538 |
| Dodge Grand Caravan Hero | $6,544 |
| Chevrolet Malibu Hybrid | $6,538 |
| Nissan Altima 2.5 4-Dr Sedan | $6,544 |
| Ford Explorer Limited 4WD | $6,620 |
| Toyota Tacoma Double Cab TRD Off-Road Package 4WD | $6,625 |
| Hyundai Elantra Blue 4-Dr Sedan | $6,870 |
| Start a Quote Go | |
Above prices assume single male driver age 20, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Louisiana minimum liability limits. Discounts applied include safe-driver, and claim-free. Rates do not factor in your specific New Orleans, LA location which can alter auto insurance rates noticeably.
Based on these rates, you can presume that makes and models like the Honda CR-V, Ford Escape, and Honda Accord are likely to be a few of the most affordable vehicles to insure for drivers age 25 and younger. Prices will trend higher because there is more liability risk for drivers under 25, but overall those makes and models will have the cheapest car insurance rates compared to other types of vehicles.
Safe drivers pay less for auto insurance
The obvious way to maintain cheap auto insurance rates for drivers age 25 and younger is to pay attention while driving and avoid at-fault accidents and violations. The chart below demonstrates how speeding tickets and at-fault claims influence car insurance rates for different categories of driver ages. The premiums are based on a married female driver, full physical damage coverage, $250 deductibles, and no discounts are applied.
In the chart above, the average cost of auto insurance in Louisiana per year with no violations or accidents is $2,493. Factor in two speeding tickets and the average cost jumps to $3,554, an increase of $1,061 each year. Now throw in two accidents along with the two speeding tickets and the yearly cost of auto insurance for drivers under 25 increases to an average of $7,504. That’s an increase of $5,011, or $418 per month, just for not paying attention while driving!
Auto insurance company ratings
Ending up with the top insurer can be a challenge considering how many different companies there are to choose from in New Orleans. The company ratings shown next could help you choose which car insurance companies to look at when comparing rates.
These rankings are for major nationwide insurance companies, so companies that focus mainly on Louisiana business are not factored into this list. If you’d like to compare prices from these companies and more, click here.
| Company | Value | Customer Service | Claims | Customer Satisfaction | A.M Best Rating | Overall Score |
|---|---|---|---|---|---|---|
| USAA | 83 | 99 | 100 | 91% | A++ | 94.1 |
| AAA Insurance | 91 | 95 | 92 | 90% | A | 93.3 |
| Allstate | 77 | 100 | 97 | 88% | A+ | 90.7 |
| State Farm | 80 | 94 | 96 | 88% | A++ | 90.6 |
| The Hartford | 88 | 93 | 91 | 87% | A+ | 90.4 |
| Safeco Insurance | 91 | 95 | 85 | 88% | A | 90.2 |
| Progressive | 88 | 94 | 83 | 88% | A+ | 90.1 |
| American Family | 91 | 86 | 95 | 83% | A | 89.7 |
| Esurance | 86 | 90 | 94 | 90% | A+ | 89.5 |
| The General | 86 | 93 | 89 | 84% | A- | 88.2 |
| GEICO | 79 | 89 | 95 | 87% | A++ | 87.8 |
| 21st Century | 86 | 82 | 90 | 84% | A | 86.4 |
| Liberty Mutual | 79 | 87 | 95 | 78% | A | 85.3 |
| Farmers Insurance | 77 | 80 | 80 | 84% | A | 80.3 |
| Compare Rates Now Go | ||||||
Data Source: Insure.com Best Car Insurance Companies
The importance of shopping around
New Orleans auto insurance rates are based on many factors that control your annual premium. Improving your credit score, buying a different vehicle, or getting a driving violation can trigger changes in premium that can make some companies more affordable than others. Not only may your risk profile change, but insurers file new Louisiana car insurance rates without warning in order to be able to pay unexpected claims. Significantly higher claims may cause more expensive premiums, while a better loss history can result in cheaper New Orleans car insurance rates.
The data below shows a variety of companies that have the cheapest car insurance in New Orleans, LA for a 35-year-old female driver with no prior claims, no tickets, and a good credit rating. When quoting prices based on her current rating profile, USAA might quote the cheapest car insurance rates in New Orleans at $2,593 each year. This is $179 more than the average rate paid by Louisiana drivers of $2,414. MetLife, GEICO, Progressive, and Safeway are also included in the best New Orleans, LA auto insurance companies.
In this next rate comparison, we will give the driver from above an accident claim, a little lower credit rating, and an imperfect driving record. Due to the fact that every auto insurer has a unique formula to set policy rates, analyzing rates may now result in a new list of cheap New Orleans auto insurance companies as shown below.
California Casualty now has the best insurance rate in New Orleans with State Farm, MetLife, USAA, and Safe Auto completing the list. This example demonstrates why drivers need to compare rates to find the best insurance quotes for drivers under 25. Auto insurance prices are calculated by many risk factors and change frequently, so the most economical company three years ago may now be quite expensive.
Ideas to find cheaper auto insurance for drivers under 25
Lowering your rates is not difficult, and here are many money-saving suggestions that can help Louisiana drivers buy cheaper coverage.
- Save money by staying claim-free
- Avoid at-fault accidents and claims
- Safe vehicles cost less to insure
- Do not get traffic tickets
- Higher credit ratings may save you money
- Compare prices as often as possible
That final tip is especially crucial, as was stressed in the prior information. Coverage rates fluctuate considerably, so drivers shouldn’t be resistant to change to a new company if a lower-cost policy is available. Brand loyalty is great, but it’s not a good idea if that stubbornness costs you big bucks every year. Now is a great time to compare rates to find cheaper insurance for drivers under 25 in New Orleans.
The agencies below can answer your questions and help you decide which coverages and limits you need, as lots of drivers aren’t clear which coverage they need and would like to get help from a professional when comparing insurance rates for drivers under 25. It can be hard to find the cheapest rates, and agents can add comfort knowing your coverage gives you enough coverage when you need it. To locate an agency close to you, click the button after the list or click here to compare price quotes.
Lovecchio Insurance
1510 Robert E Lee Blvd – New Orleans, LA 70122 – (504) 284-7778
LeMoine Robinson – State Farm Insurance Agent
4747 Earhart Blvd a – New Orleans, LA 70125 – (504) 218-4420
Ed Buckley – State Farm Insurance Agent
4822 Prytania St – New Orleans, LA 70115 – (504) 891-2886
Larry Talamo – State Farm Insurance Agent
6506 Spanish Fort Blvd – New Orleans, LA 70124 – (504) 282-3474
Cas Fontenot State Farm®
3201 General De Gaulle Dr #103 – New Orleans, LA 70114 – (504) 366-8686