The words “bargain” and “auto insurance” really shouldn’t be used in the same sentence, especially when trying to find the best car insurance rates for veterans. To help control this cost, let’s learn about a few of the things that have an impact on insurance rates, and come up with some ideas to shave a little off the next policy you buy.
Finding reliable, cheap car insurance is not always easy, and figuring out which company has the cheapest car insurance rates for veterans will involve even more perseverance. Each company uses their own method for setting rates, so we’ll take a look at the most competitive car insurance companies in New Orleans, LA.
It’s a good idea to know that New Orleans car insurance rates are based on many factors that control the price you pay. Simply getting older, buying a home instead of renting, or getting a ticket for careless driving may prompt premium changes resulting in some rates now being more expensive than others.
Find the Best Cheap Insurance for Vets
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | USAA | $1,642 |
| 2 | MetLife | $1,854 |
| 3 | GEICO | $1,907 |
| 4 | Progressive | $1,986 |
| 5 | Safeway | $2,220 |
| 6 | Southern Farm Bureau | $2,248 |
| 7 | California Casualty | $2,338 |
| 8 | State Farm | $2,359 |
| 9 | Safe Auto | $2,627 |
| 10 | Allstate | $2,945 |
| 11 | Encompass | $3,266 |
| 12 | Liberty Mutual | $3,756 |
| Find Cheaper Rates Go | ||
USAA may have some of the most affordable car insurance rates in New Orleans at around $1,642 each year. This is $772 less than the average price paid by Louisiana drivers of $2,414. MetLife, GEICO, Progressive, and Safeway also rank well as some of the lowest-priced New Orleans, LA car insurance companies.
In this example, if you are insured with Safeway and switched to MetLife, you might see an annual savings of about $366. Louisiana drivers with Southern Farm Bureau may save as much as $394 a year, and California Casualty customers might lower prices by up to $484 a year.
If you want to see how much you could save, click here to start your custom quote or click several companies below for low rates.
It’s important to note that these premium estimates are averaged for all drivers and vehicles in Louisiana and are not factoring in an exact vehicle garaging location for veterans. So the auto insurance company that has the cheapest rates for you may not even be in the top 12 companies in the list above. That’s why you need to compare prices as often as possible using your own individual information.
The type of vehicle that is being insured is one of the primary factors when comparison shopping for affordable auto insurance for veterans. Vehicles with limited top-end speed, a plethora of safety features, or a positive history of liability claims will cost quite a bit less to insure than higher performance models.
The list below shows auto insurance prices for a number of the most budget-friendly automobiles to insure.
| Vehicle | Estimated Cost for Full Coverage |
|---|---|
| Honda Accord EX 4-Dr Sedan | $2,422 |
| Toyota Prius | $2,455 |
| Ford Escape XLT 4WD | $2,479 |
| Honda CR-V EX 4WD | $2,486 |
| Volkswagen Jetta S 2.5 Station Wagon | $2,636 |
| Jeep Wrangler Unlimited Sport 4WD 4-Dr | $2,700 |
| Hyundai Elantra SE Touring Station Wagon | $2,703 |
| Ford Focus SE 4-Dr Sedan | $2,814 |
| Ford Fusion SEL 4-Dr Sedan | $2,817 |
| Toyota Tacoma 4WD | $2,821 |
| Jeep Grand Cherokee Laredo 4WD | $2,871 |
| Ford F-150 XLT Super Cab 4WD | $2,885 |
| Honda Odyssey EX W/Rear Entertainment | $2,891 |
| Chevrolet Silverado 3500HD LTZ Crew Cab 2WD | $2,915 |
| Toyota RAV4 Limited 4WD | $2,958 |
| Chevrolet Malibu LS | $2,965 |
| Dodge Grand Caravan Hero | $2,958 |
| Start Your Quote Go | |
Data rating is based on 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, multi-policy, homeowner, multi-vehicle, and claim-free. Price estimates do not factor in zip code location which can raise or lower insurance rates significantly.
By looking at the data, you can see that models like the Honda Accord, Toyota Prius, Ford Escape, and Honda CR-V are most likely going to be some of the less-costly vehicles to insure for veterans.
The information below demonstrates how choosing different deductibles can affect insurance rates when getting quotes for cheap insurance for veterans. The data is based on a single male driver, full physical damage coverage, and no additional discounts are factored in.
A 40-year-old driver could pocket $534 a year by switching their comprehensive and collision coverages from a $100 deductible up to a $500 deductible, or save $804 by switching to a $1,000 deductible. Even younger insureds, such as the 20-year-old example, could save as much as $1,760 every year just by choosing higher deductibles when buying full coverage. When choosing a higher deductible, it is necessary to have plenty of money set aside to satisfy the extra out-of-pocket expense that comes with higher deductibles.
Drive safe and save
In a perfect world, the best way to receive the best car insurance premiums in New Orleans for veterans is to be an attentive driver and avoid at-fault accidents and violations. The diagram below shows how traffic citations and at-fault fender-benders can raise premium costs for different ages of insureds. Data assumes a single male driver, full physical damage coverage, $1,000 deductibles, and no discounts are applied.
The data charted above shows the average cost of car insurance in New Orleans per year with no accidents or violations is $2,106. Get written up for one speeding ticket and the average cost rises to $2,374, an increase of $268 each year. Then add in one accident along with the one speeding ticket and the annual cost of car insurance for veterans goes up to an average of $3,124. That’s an increase of $1,019, or $85 per month, just for not being attentive to the road!
Types of discounts on New Orleans car insurance
Insurance providers that offer coverage for veterans may also provide price discounts that could lower prices by 25% or more if you meet specific eligibility requirements. A few popular companies and some of the premium reductions they offer are outlined below.
- State Farm has discounts for defensive driving training, multiple autos, multiple policy, safe vehicle, good student, anti-theft, and driver’s education.
- Progressive may include discounts for multi-vehicle, online quote discount, homeowner, good student, online signing, continuous coverage, and multi-policy.
- Progressive offers premium reductions for online quote discount, good student, online signing, homeowner, multi-vehicle, and multi-policy.
- MetLife has savings for claim-free, accident-free, defensive driver, multi-policy, and good driver.
- Farm Bureau includes discounts for multi-policy, safe driver, driver training, youthful driver, good student, 55 and retired, and multi-vehicle.
- GEICO offers discounts for military active duty, emergency military deployment, seat belt use, anti-lock brakes, air bags, and federal employee.
- SAFECO may have discounts that include teen safe driver, homeowner, teen safety rewards, accident prevention training, safe driver, and anti-theft.
The information below shows the difference between insurance costs with and without discounts applied to the premium. The prices are based on a male driver, no violations or accidents, Louisiana state minimum liability limits, full coverage, and $250 deductibles.
The first bar for each age group shows the price with no discounts. The second bar shows the rates with vehicle safety, multiple policy, safe-driver, defensive driving course, anti-theft, and homeowner discounts applied. With discounts applied, the average savings per year on car insurance for veterans is 28% or $674.
The agents below can provide answers to your questions and help you determine which auto insurance policy would work best for you, as some drivers wish to have some professional guidance when trying to find lower insurance rates for veterans. It can be hard to find the cheapest car insurance policy, and getting professional guidance from a licensed agent can provide you peace of mind knowing you have sufficient coverage for your assets. To find an auto insurance agency close to you, click the button at the bottom of the list or click here to compare price quotes.
- Alan Jackson – State Farm Insurance Agent
7045 Read Blvd Ste 108 – New Orleans, LA 70127 – (504) 241-6799 - Garcia Insurance Services
3815 MacArthur Blvd – New Orleans, LA 70114 – (504) 875-4077 - Carl Mixon – State Farm Insurance Agent
4716 Canal St – New Orleans, LA 70119 – (504) 482-7897 - Allstate Insurance: Daniel Occhi
4006 Canal St – New Orleans, LA 70119 – (504) 517-9080
More insurance agents in New Orleans, LA
How to find the cheapest car insurance for veterans
The list below summarizes many penny-pinching suggestions that can help drivers buy more affordable car insurance.
- Don’t waste money on full coverage for older vehicles
- Improve your credit
- Vehicles with good safety ratings are usually cheaper to insure
- Raise comprehensive and collision coverage deductibles
- At-fault accidents will increase rates
- Do not get traffic citations
- Compare rates regularly and switch companies to save money
That last piece of advice is highly significant, as we pointed out in this write-up. Prices charged by companies adjust frequently, so don’t be afraid to buy a policy from a new company if a lower-cost policy is available. Many drivers have brand loyalty and that’s fine, but it isn’t a good idea if that stubbornness costs you money that could be going to better use. It only takes a couple minutes to compare prices and find cheaper car insurance for veterans in New Orleans.