Deciphering which company offers the lowest-priced car insurance rates for drivers requiring a SR22 will require a little more work in order to find a policy that fits your budget.
Each insurance company used slightly different criteria for determining rates in each state, so we will examine the most competitive car insurance companies in New Orleans, LA.
Find the Cheapest Auto Insurance for SR22 Drivers
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | USAA | $1,594 |
| 2 | MetLife | $1,854 |
| 3 | GEICO | $1,907 |
| 4 | Progressive | $1,927 |
| 5 | Safeway | $2,198 |
| 6 | Southern Farm Bureau | $2,204 |
| 7 | California Casualty | $2,338 |
| 8 | State Farm | $2,431 |
| 9 | Safe Auto | $2,627 |
| 10 | Allstate | $3,035 |
| 11 | Encompass | $3,266 |
| 12 | Liberty Mutual | $3,608 |
| Quote Your Rates Go | ||
USAA offers some of the lowest car insurance rates in New Orleans at around $1,594 per year. MetLife, GEICO, Progressive, and Safeway also make the cut as some of the more affordable New Orleans, LA insurance companies.
In the rate table above, if you currently buy coverage from Progressive and switched to USAA, you could realize an annual savings of around $333. Insureds with Safeway may save as much as $604 a year, and Southern Farm Bureau customers might lower prices by $610 a year.
To see how much you can save, click here to get a free quote or visit several of the following companies.
It’s important to note that these policy prices are averages for all drivers and vehicles in Louisiana and and are not calculated with an exact zip code location for drivers requiring a SR22. So the insurer that fits your age and vehicle best may not even be in the list above. That emphasizes why you need to quote rates from many companies using your own individual information.
The vehicle requiring coverage is one of the largest factors in finding cheaper auto insurance for drivers requiring a SR22. Vehicles with economical engines, excellent safety ratings, or a low likelihood of liability claims will cost quite a bit less to insure than fast, unsafe models.
The information below illustrates insurance rates for a selection of the most economical vehicles to insure in Louisiana.
| Vehicle | Estimated Cost for Full Coverage |
|---|---|
| Honda CR-V EX 2WD | $8,810 |
| Honda Accord EX 4-Dr Sedan | $8,904 |
| Ford Escape Limited 2WD | $9,020 |
| Toyota Prius | $9,208 |
| Jeep Wrangler Sport 4WD 2-Dr | $9,362 |
| Honda Odyssey EX | $10,032 |
| Toyota RAV4 Limited 4WD | $10,130 |
| Ford Explorer Limited AWD | $10,228 |
| Ford Focus SE 4-Dr Sedan | $10,326 |
| Chevrolet Impala LS | $10,423 |
| Chevrolet Malibu LS | $10,430 |
| Dodge Grand Caravan SXT | $10,535 |
| Hyundai Elantra SE 4-Dr Sedan | $10,591 |
| Toyota Corolla S | $10,598 |
| Chevrolet Equinox LTZ AWD | $10,689 |
| Ford Edge Limited AWD | $10,916 |
| Toyota Camry XLE | $10,996 |
| Compare Rates Now Go | |
Prices above based on single male driver age 40, two speeding tickets, two at-fault accidents, $1,000 deductibles, and Louisiana minimum liability limits. Discounts applied include multi-vehicle, multi-policy, and homeowner. Premium amounts do not factor in specific zip code location which can alter price quotes considerably.
Looking at the data, we can infer that models like the Honda CR-V, Honda Accord, Ford Escape, Toyota Prius, and Jeep Wrangler will be some of the less-costly vehicles to insure for high risk drivers. The cost of auto insurance will tend to be more expensive because there is more liability risk for drivers requiring a SR22, but in general those vehicles will tend to have the lowest insurance rates available.
Picking a highly-rated insurance provider is difficult considering how many different companies insure vehicles in New Orleans. The ranking data below may help you decide which companies you want to consider comparing rate quotes with. These rankings are for companies who write in the majority of U.S. states, so smaller companies that only insure vehicles in Louisiana are not included in the list.
Top 10 Large Auto Insurance Companies Overall in New Orleans
- USAA
- AAA Insurance
- Allstate
- State Farm
- The Hartford
- Safeco Insurance
- Progressive
- American Family
- Esurance
- The General
Top 10 Large Auto Insurance Companies in New Orleans Ranked by Customer Service
- USAA
- Safeco Insurance
- AAA Insurance
- State Farm
- Progressive
- The Hartford
- The General
- Esurance
- GEICO
- Liberty Mutual
Discount New Orleans auto insurance rates
Insurance companies that offer coverage for drivers requiring a SR22 may also provide price discounts that could lower prices by as much as 35% or more if you meet specific criteria. A list of car insurance companies and a partial list of their discounts can be read below.
- Farmers Insurance has discounts for youthful driver, bundle discounts, mature driver, pay in full, and alternative fuel.
- Esurance offers discounts including good driver, renters, anti-theft, DriveSense, paid-in-full, multi-car, and claim free.
- State Farm policyholders can earn discounts including driver’s education, safe vehicle, Drive Safe & Save, good driver, Steer Clear safe driver discount, student away at school, and anti-theft.
- GEICO may offer discounts for multi-vehicle, multi-policy, good student, seat belt use, air bags, and defensive driver.
- Allstate may include discounts for multi-policy, anti-lock brakes, EZ pay plan discount, defensive driver, and resident student.
The information below shows the comparison of car insurance costs with and without discounts applied to the premium. The price estimates are based on a male driver, two accidents and three citations, Louisiana state minimum liability limits, full coverage, and $100 deductibles.
The first bar for each age group shows premium with no discounts. The lower bar shows the rates with multiple policy, paperless filing, anti-theft, marriage, continuous coverage, and vehicle safety discounts applied. When discounts are applied, theamount saved on car insurance for drivers requiring a SR22 is 28% or $3,014.
The illustration below demonstrates how deductible levels can change insurance premiums when quoting cheap insurance for drivers requiring a SR22. The information is based on a single male driver, comprehensive and collision coverage, and no discounts are applied.
A 50-year-old driver could lower their policy premium by $518 a year by switching the physical damage coverage from a $100 deductible up to a $500 deductible, or save $776 by selecting a $1,000 deductible. Youthful drivers, like the 20-year-old category, could lower their rates as much as $1,724 each year just by choosing higher deductibles when buying full coverage.
If you do decide to increase your deductibles, it is necessary to have enough savings set aside to satisfy the extra out-of-pocket expense associated with higher deductibles.
How to find budget-friendly auto insurance for drivers requiring a SR22
Lowering your rates is not difficult, and here are some of the better penny-pinching ideas that can help Louisiana drivers locate cheap coverage.
- Being accident-free can lower rates significantly
- Buy a vehicle with excellent safety ratings
- Insure your home and auto with the same company
- Good credit can save money
- Do not pay for full coverage on older vehicles
- Compare rates once a year for cheaper prices
That last tip is incredibly crucial, as we emphasized in this piece. Insurance rates go up and down frequently, so don’t hesitate to change insurance companies if a better rate can be found. Loyalty to a specific company is fine, but it’s not recommended if that faithfulness ends up costing you a fortune every year. It only takes a couple minutes to compare prices and find cheaper auto insurance for drivers requiring a SR22 in New Orleans.
If you have coverage questions and would like to get some help when trying to find lower insurance rates for high risk drivers, the agencies below can most likely help you make a decision which coverages are best. To find a New Orleans insurance agent close to you, click the button below the list or click here to compare rates now.
- KTS Insurance Agency
3239 Bienville St – New Orleans, LA 70119 – (504) 371-5519 - Josh Lorando – State Farm Insurance Agent
4200 Canal St c – New Orleans, LA 70119 – (504) 488-0001 - Integra Insurance in Baton Rouge, Shreveport and New Orleans | Texas and Louisiana Insurance Agents
2750 Lake Villa Dr #305 – Metairie, LA 70002 – (877) 969-3026 - USAgencies Insurance
6003 Bullard Ave #6 – New Orleans, LA 70128 – (504) 517-8884