The words “affordable” and “insurance” really shouldn’t be used in the same sentence, especially when looking for the lowest insurance rates for government employees. Let’s open your eyes to some situations that have an impact on insurance prices, and find out if you can slash the price of the next policy you buy.
Deciphering which company offers the lowest-priced auto insurance rates for government employees will require a tad more effort in order to find coverage that fits your budget. Each company has a unique approach for setting prices, so to begin we’ll rank the auto insurance companies with the most affordable rates in New Orleans, LA.
Best Car Insurance Prices in Louisiana
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | USAA | $1,642 |
| 2 | MetLife | $1,854 |
| 3 | GEICO | $1,945 |
| 4 | Progressive | $1,946 |
| 5 | Safeway | $2,132 |
| 6 | Southern Farm Bureau | $2,181 |
| 7 | California Casualty | $2,315 |
| 8 | State Farm | $2,455 |
| 9 | Safe Auto | $2,549 |
| 10 | Allstate | $3,065 |
| 11 | Encompass | $3,170 |
| 12 | Liberty Mutual | $3,608 |
| Quote Your Rates Go | ||
USAA quotes some of the cheapest car insurance rates in New Orleans at around $1,642 annually. This is $772 less than the average policy premium paid by Louisiana drivers of $2,414. MetLife, GEICO, Progressive, and Safeway also rank well as some of the more affordable New Orleans, LA insurance companies.
As the example above demonstrates, if you currently have a policy with Progressive and switched to USAA, you might see an annual premium reduction of approximately $304. Insureds with Safeway could save as much as $490 a year, and Southern Farm Bureau policyholders might lower prices by up to $539 a year.
These policy rates are averaged across all drivers and vehicles and and are not calculated with a vehicle location for government employees. So the insurer that fits you best may not even be in the top 12 companies in the list above. That point stresses why you need to quote rates from many companies using your own driver and vehicle profiles.
The make and model of vehicle that needs insurance is probably the biggest factor when shopping around for cheaper car insurance for government employees. Vehicles with high performance features, poor safety features, or a high likelihood of having liability claims will cost much more to insure than more economical and safe models. The information below outlines auto insurance premiums for a handful of the cheaper vehicles to buy coverage for.
| Insured Vehicle | Estimated Cost for Full Coverage |
|---|---|
| Honda Accord LX 4-Dr Sedan | $2,448 |
| Ford Escape XLS 2WD | $2,680 |
| Honda CR-V EX-L 2WD | $2,744 |
| Jeep Wrangler Sport 4WD 2-Dr | $2,892 |
| Chevrolet Impala LT | $2,902 |
| Ford F-150 FX4 Super Cab 4WD | $2,959 |
| Toyota Tacoma Double Cab TRD Sport Package 4WD | $2,969 |
| Toyota Prius | $2,984 |
| Dodge Grand Caravan SE | $3,001 |
| Hyundai Elantra SE 4-Dr Sedan | $3,058 |
| GMC Sierra 2500HD SLE Regular Cab 4WD | $3,114 |
| Jeep Grand Cherokee SRT-8 4WD | $3,123 |
| GMC Sierra 3500HD SLE Extended Cab 2WD | $3,167 |
| Chevrolet Silverado 3500HD LT Crew Cab 2WD | $3,177 |
| Toyota RAV4 2WD | $3,178 |
| Find Cheaper Rates Go | |
Data assumes single male driver age 50, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Louisiana minimum liability limits. Discounts applied include multi-vehicle, claim-free, safe-driver, homeowner, and multi-policy. Table data does not factor in your specific New Orleans, LA location which can increase or decrease coverage rates significantly.
Based upon these rates, we can tell that makes and models like the Honda Accord, Ford Escape, Honda CR-V, and Jeep Wrangler are a few of the less-costly vehicles to insure for state and federal workers.
Discount New Orleans car insurance rates
Insurers that offer quotes for government employees may also offer special discounts that can lower rates by as much as 35% if you meet specific eligibility requirements. A list of auto insurance companies and the discounts they provide include:
- State Farm may have discounts that include Drive Safe & Save, multiple autos, good driver, good student, and safe vehicle.
- Liberty Mutual may include discounts for newly retired, preferred payment discount, new move discount, hybrid vehicle, exclusive group savings, new vehicle discount, and newly married.
- American Family has discounts for air bags, defensive driver, mySafetyValet, early bird, accident-free, and multi-vehicle.
- Progressive offers discounts including online quote discount, continuous coverage, good student, online signing, homeowner, multi-policy, and multi-vehicle.
- Farmers Insurance has savings for pay in full, good student, bundle discounts, multi-car, youthful driver, and alternative fuel.
- Auto-Owners Insurance offers discounts for safe driver, teen driver, air bags, group or association, and multiple vehicles.
- SAFECO discounts include homeowner, teen safe driver, bundle discounts, anti-lock brakes, teen safety rewards, and anti-theft.
The illustration below illustrates the comparison of car insurance costs with and without discounts applied to the rates. The information is based on a male driver, no claims or driving violations, Louisiana state minimum liability limits, comp and collision included, and $500 deductibles.
The first bar for each age group shows premium with no discounts. The second bar shows the rates with multiple vehicle, passive restraint, vehicle safety, defensive driving course, marriage, and multiple policy discounts applied. When these discounts are applied to the policy premium, the average amount saved each year on auto insurance for government employees is 28% or $815.
Do you need full coverage?
Reducing the cost of auto insurance should be important to most people, and one of the quickest ways to pay less for insurance for government employees is to not insure for full coverage. The information below shows the comparison of insurance prices with full physical damage coverage compared to only buying liability only. The premium estimates are based on no claims or driving violations, $500 deductibles, drivers are not married, and no discounts are taken into consideration.
If the expense is averaged for all age categories, physical damage insurance costs $2,912 per year more than buying just liability insurance. At some point, almost every driver questions if buying full coverage is a waste of money. There is no set guideline of when to phase out physical damage coverage on your policy, but there is a broad guideline. If the annual cost of having full coverage is more than 10% of the vehicle’s replacement cost less your deductible, then it might be time to buy liability only.
For example, let’s pretend your vehicle’s replacement cost is $5,000 and you have $1,000 deductibles. If your vehicle is damaged in an accident, the most your company will settle for is $4,000 after the policy deductible has been paid. If it’s costing in excess of $400 a year for physical damage coverage, then you may need to consider dropping full coverage.
You may be paying too much for car insurance
Louisiana auto insurance rates are impacted by many factors that will increase or decrease the policy premium. Improving your credit score, increasing deductibles, or getting a ticket for careless driving can trigger rate changes that can cause some rates to be more affordable than before. Not only that, but auto insurance companies change prices as often as every quarter in order to remain profitable. An unexpected high level of claims can result in higher priced premiums, while a better loss history may cause more affordable New Orleans car insurance rates.
The chart below shows a variety of companies that have the cheapest car insurance in New Orleans, LA for a 45-year-old female driver with a good driving record, no prior claims, and a high credit rating. Based on her current risk factors, USAA has the lowest car insurance rates in New Orleans at $2,867 each year. This is $453 more than the average premium paid by Louisiana drivers of $2,414. MetLife, Progressive, GEICO, and Safeway are also on the list of the best New Orleans, LA auto insurance companies.
The chart below compares rates after we give the driver in the first chart an at-fault accident, less-than-perfect credit, and a traffic citation. Since each auto insurance company uses their own formula for setting prices, comparing rates could now result in a different list of cheap New Orleans auto insurance companies as shown below.
California Casualty now has the cheapest auto insurance in New Orleans with State Farm, Safe Auto, MetLife, and USAA now rounding out the top five. This demonstrates why it is critical to compare lots of rates to find the most economical car insurance quotes for government employees. Car insurance prices consist of many factors and can increase or decrease at any time, so the cheapest company the last time you shopped your coverage around may now be an over-priced policy.