Wouldn’t it be awesome if we could instantly tell you one specific company that has the lowest car insurance rates for business use? It’s not that easy, however, as there are a whole bunch of unknown aspects such as if you own a home, the neighborhood you live in, and how far you drive each year, that all impact the price you pay. This article will cover the best ways to save on auto insurance and will hopefully give the reader some help in finding cheaper rates.
One of the many criteria that are used to help calculate the amount you pay for auto insurance is where you call home. Cities with larger populations tend to have more expensive car insurance rates, whereas more rural areas get the luxury of paying less.
The illustration below ranks the most expensive places in Louisiana for business use in which to purchase auto insurance. New Orleans is ranked #1 with a yearly premium of $2,827 for the average policyholder, which is approximately $236 monthly.
| Rank | City | Annual Premium |
|---|---|---|
| 1 | New Orleans | $2,827 |
| 2 | Marrero | $2,569 |
| 3 | Terrytown | $2,530 |
| 4 | Harvey | $2,487 |
| 5 | Kenner | $2,247 |
| 6 | Baton Rouge | $2,231 |
| 7 | Central | $2,201 |
| 8 | Metairie | $2,188 |
| 9 | Shenandoah | $2,183 |
| 10 | Prairieville | $2,127 |
| 11 | Hammond | $2,065 |
| 12 | Alexandria | $2,054 |
| 13 | Laplace | $2,031 |
| 14 | Lafayette | $1,976 |
| 15 | Lake Charles | $1,915 |
| 16 | Monroe | $1,911 |
| 17 | New Iberia | $1,909 |
| 18 | Slidell | $1,899 |
| 19 | Sulphur | $1,896 |
| 20 | Shreveport | $1,894 |
| 21 | Houma | $1,865 |
| 22 | Natchitoches | $1,835 |
| 23 | Bayou Cane | $1,764 |
| 24 | Bossier City | $1,744 |
| 25 | Ruston | $1,720 |
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Rate information is estimated as specific New Orleans garaging address can affect price quotes significantly.
Determining which companies have the most affordable auto insurance rates for business use will take more work in order to find a policy that fits your budget. Every insurance company uses their own formula for determining rates in each state, so we need to take a look at the auto insurance companies with the overall cheapest rates in Louisiana.
Keep in mind that New Orleans auto insurance rates are based on many factors which can significantly increase or decrease the price you pay. Improving your credit score, having a claim, or having a fender bender can cause premium changes that may make certain companies cheaper than others.
Best Car Insurance Prices for Business Use
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | USAA | $1,578 |
| 2 | MetLife | $1,892 |
| 3 | GEICO | $1,907 |
| 4 | Progressive | $1,986 |
| 5 | Southern Farm Bureau | $2,181 |
| 6 | Safeway | $2,198 |
| 7 | California Casualty | $2,269 |
| 8 | State Farm | $2,359 |
| 9 | Safe Auto | $2,575 |
| 10 | Allstate | $2,975 |
| 11 | Encompass | $3,234 |
| 12 | Liberty Mutual | $3,608 |
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USAA normally has some of the cheapest car insurance rates in New Orleans at around $1,578 per year. MetLife, GEICO, Progressive, and Southern Farm Bureau would also be considered some of the best New Orleans, LA car insurance companies.
In the rate table above, if you buy coverage from Progressive and switched to MetLife, you could see an annual savings of in the vicinity of $94. Drivers with Southern Farm Bureau may save as much as $289 a year, and Safeway insureds might reduce prices by as much as $306 a year.
To discover how much you can save, click here to start your custom quote or quote rates from the companies below.
Remember that these rates are averages for all drivers and vehicles and and are not figured with a specific location for business use. So the insurer that has the cheapest rates for you may not even be in the top 12 companies shown above. That illustrates why you need to get auto insurance quotes using your own personalized driver profile and vehicle information.
The make and model of vehicle needing coverage is one of the largest considerations when quoting the best car insurance for business use. Vehicles with average performance, a great safety record, or a positive history of liability claims will cost substantially less to insure than higher performance models.
The next table ranks coverage prices for the cheapest automobiles to insure.
| Make and Model | Estimated Cost for Full Coverage |
|---|---|
| Hyundai Elantra GLS Touring Station Wagon | $1,964 |
| Toyota Prius | $2,176 |
| Ford Escape Limited 2WD | $2,194 |
| Honda Accord LX-P 4-Dr Sedan | $2,203 |
| Honda CR-V EX-L 2WD | $2,255 |
| Dodge Ram Quad Cab ST 2WD | $2,365 |
| Ford F-150 XL Regular Cab 4WD | $2,399 |
| Chevrolet Impala LTZ | $2,443 |
| Honda Odyssey EX-L | $2,452 |
| Ford Explorer XLT 2WD | $2,457 |
| Toyota Tacoma 2WD | $2,474 |
| Ford Edge SE AWD | $2,479 |
| Kia Optima LX | $2,484 |
| Nissan Rogue S 2WD | $2,494 |
| Chevrolet Silverado LT Regular Cab 2WD | $2,484 |
| GMC Sierra 2500HD SLE Crew Cab 4WD | $2,491 |
| Chevrolet Equinox LTZ AWD | $2,496 |
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Table data represents married male driver age 50, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Louisiana minimum liability limits. Discounts applied include multi-vehicle, homeowner, claim-free, safe-driver, and multi-policy. Prices do not factor in garaging location in New Orleans, LA which can influence price quotes greatly.
Based upon the table data, we can infer that makes and models like the Hyundai Elantra, Toyota Prius, and Ford Escape will definitely be a few of the less-costly vehicles to insure for using your car for business. The price of auto insurance will tend to be more expensive anyway just because there is more exposure for business use, but in general those specific models will tend to have the cheapest car insurance rates that you are likely to find.
Louisiana auto insurance companies ranked
Buying coverage from the highest-rated insurance provider is hard considering how many choices drivers have in Louisiana. The ranking information listed below could help you pick which companies to look at when shopping car insurance rates for business use. These ratings are for large, nationwide insurance companies, so companies without a large exposure will not be included in the list.
| 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
Safe drivers pay cheaper rates
The easiest method to score the best auto insurance prices in Louisiana for using your car for business is to pay attention while driving and not have accidents or get tickets. The information below illustrates how violations and fender-benders can raise auto insurance costs for different age groups. The data is based on a married female driver, comp and collision included, $250 deductibles, and no additional discounts are factored in.
In the example above, the average cost of auto insurance in Louisiana per year with no accidents and a clean driving record is $2,074. Factor in one speeding ticket and the average cost increases to $2,413, an increase of $339 each year. Now add two accidents along with the one speeding ticket and the 12-month cost of auto insurance for business use increases to an average of $5,251. That’s an increase of $3,177, or $265 per month, just for being a little careless behind the wheel!
Types of discounts on New Orleans car insurance
Insurance companies that provide coverage for business use may additionally offer special discounts that could lower prices by 30% or more if you are eligible to receive them. The best auto insurance companies and a partial list of their discounts are outlined below.
- State Farm has savings for multiple policy, student away at school, good driver, defensive driving training, and Steer Clear safe driver discount.
- Progressive may offer discounts for online quote discount, continuous coverage, multi-vehicle, online signing, homeowner, and good student.
- Progressive may have discounts that include multi-vehicle, good student, online quote discount, continuous coverage, and homeowner.
- MetLife policyholders can earn discounts including good driver, multi-policy, claim-free, good student, accident-free, and defensive driver.
- Farm Bureau offers discounts including 55 and retired, youthful driver, driver training, multi-vehicle, and safe driver.
- GEICO includes discounts for anti-theft, driver training, daytime running lights, air bags, federal employee, and five-year accident-free.
- SAFECO discounts include multi-car, anti-theft, homeowner, bundle discounts, anti-lock brakes, and accident prevention training.
The illustration below shows the comparison of insurance costs with and without discounts applied to the policy rates. The price estimates are based on a female driver, no claims or driving citations, Louisiana state minimum liability limits, comp and collision included, and $1,000 deductibles. The first bar for each age group shows the average rate with no discounts. The second bar shows the rates with passive restraint, defensive driving course, homeowner, vehicle safety, anti-theft, and multiple policy discounts applied. When drivers take advantage of discounts, the average amount saved each year on auto insurance for business use is 28% or $704.
The New Orleans car insurance agencies listed below can help you determine which policy fits your needs best, as many people would rather have the advice of a professional agent when comparing insurance rates for business use. It’s not always simple to find the cheapest rates, so agents can provide peace of mind knowing your policy gives you decent coverage if you have a claim.
To find a New Orleans insurance agent near you, click the link after the list or click here to compare price quotes now.
Carl Mixon – State Farm Insurance Agent
4716 Canal St – New Orleans, LA 70119 – (504) 482-7897
Underwriters Insurance Agency
10709 Chef Menteur Hwy #1 – New Orleans, LA 70127 – (504) 302-0620
J Everett Eaves
650 Poydras St # 1500 – New Orleans, LA 70130 – (504) 581-5353
Martin Insurance Agency, Inc
4700 Orleans Ave – New Orleans, LA 70119 – (504) 486-6133
Murphy Insurance LLC
2107 Soniat St – New Orleans, LA 70115 – (504) 899-8010
Find a New Orleans, LA insurance agent near you
How to find the cheapest auto insurance for business use
Here are some thrifty ideas that can help Louisiana drivers get cheaper coverage.
- Insure your home and auto with the same company
- Drive safe vehicles
- Prevent rate increases by staying accident-free
- Try to not file small claims
- Save money by observing traffic laws and speed limits
- Shop around for cheaper rates regularly
The last item on the list is notably necessary, as we discussed in this write-up. Coverage prices in New Orleans can change considerably based on profitability, so don’t be hesitant to switch to a new company if a more affordable rate is found.
Having a favorite company is great, but it’s not recommended if that loyalty results in overpaying several hundred dollars every year. In just a few minutes you could compare prices to find cheaper car insurance for business use.