The make and model of vehicle to be insured is one of the largest factors when comparing quotes for the lowest-priced insurance for unemployed drivers. Vehicles with lots of speed or power, poor crash test ratings, or a high likelihood of having liability claims will cost more to insure than more modest models.
The list below ranks insurance prices for some of the more affordable automobiles to buy insurance for.
| Vehicle | Estimated Cost for Full Coverage |
|---|---|
| Ford Escape XLT 2WD | $2,448 |
| Honda Accord LX-P 4-Dr Sedan | $2,455 |
| Honda CR-V EX 4WD | $2,744 |
| Dodge Grand Caravan Hero | $2,902 |
| Chevrolet Equinox LS AWD | $2,909 |
| Hyundai Elantra SE Touring Station Wagon | $2,984 |
| Toyota Prius | $3,058 |
| Nissan Rogue SL 2WD | $3,107 |
| Ford F-150 Lariat King Ranch 2WD | $3,114 |
| Honda Odyssey EX W/Rear Entertainment | $3,121 |
| Jeep Grand Cherokee Limited 2WD | $3,114 |
| Dodge Ram Quad Cab SLT 2WD | $3,163 |
| Toyota RAV4 Sport 4WD | $3,178 |
| Nissan Altima 2.5 4-Dr Sedan | $3,184 |
| Ford Focus S 4-Dr Sedan | $3,195 |
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Data variables include 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, multi-policy, and homeowner. Premium costs do not factor in specific zip code location which can revise insurance rates greatly.
Looking at the data, we can assume that models like the Ford Escape, Honda Accord, and Honda CR-V are most likely going to be the less-costly vehicles to insure for the unemployed.
One of the more important things that help determine car insurance rates is where you normally keep your vehicle. Areas with more people or more claims will most likely pay more, whereas areas with lower crime rates and fewer weather claims benefit from lower coverage costs.
The next table rates the most costly cities in Louisiana for unemployed drivers in which to buy car insurance. New Orleans is ranked #1 with an annual rate of $2,914 for the average policy, which is approximately $243 monthly.
| Rank | City | Annual Premium |
|---|---|---|
| 1 | New Orleans | $2,914 |
| 2 | Harvey | $2,589 |
| 3 | Terrytown | $2,530 |
| 4 | Marrero | $2,494 |
| 5 | Baton Rouge | $2,209 |
| 6 | Shenandoah | $2,204 |
| 7 | Metairie | $2,188 |
| 8 | Kenner | $2,181 |
| 9 | Central | $2,135 |
| 10 | Prairieville | $2,127 |
| 11 | Hammond | $2,107 |
| 12 | Alexandria | $2,034 |
| 13 | Monroe | $1,989 |
| 14 | Lafayette | $1,976 |
| 15 | Laplace | $1,971 |
| 16 | New Iberia | $1,928 |
| 17 | Slidell | $1,919 |
| 18 | Sulphur | $1,916 |
| 19 | Lake Charles | $1,915 |
| 20 | Shreveport | $1,894 |
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Rate information is estimated as specific New Orleans zip code can affect prices significantly.
Shopping around for cheap car insurance is not most people’s favorite thing to do, and deciding which company quotes the cheapest auto insurance rates for unemployed drivers calls for even more diligence.
Every auto insurer uses a slightly different approach to determine premium rates, so let’s take a look at the auto insurance companies with the overall cheapest rates in New Orleans.
Cheapest Insurance Rates for Job Seekers
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | USAA | $1,626 |
| 2 | MetLife | $1,836 |
| 3 | GEICO | $1,965 |
| 4 | Progressive | $2,005 |
| 5 | Safeway | $2,132 |
| 6 | Southern Farm Bureau | $2,271 |
| 7 | California Casualty | $2,315 |
| 8 | State Farm | $2,431 |
| 9 | Safe Auto | $2,653 |
| 10 | Allstate | $3,035 |
| 11 | Encompass | $3,170 |
| 12 | Liberty Mutual | $3,608 |
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USAA normally has some of the lowest car insurance rates in New Orleans at around $1,626 per year. This is $788 less than the average price paid by Louisiana drivers of $2,414. MetLife, GEICO, Progressive, and Safeway are also some of the cheaper New Orleans, LA auto insurance companies.
As shown above, if you have coverage with Safeway and switched to MetLife, you may realize yearly savings of upwards of $296. Policyholders with Southern Farm Bureau could save as much as $435 a year, and California Casualty customers might realize rate reductions of up to $479 a year.
To see how much you can save, click here or visit any of the companies below.
These policy prices are averaged for all drivers and vehicles and and are not figured with a specific location for unemployed drivers. So the insurer that has the cheapest price for you may not even be in the list above. That is why you need to get auto insurance quotes using your own specific driver information and vehicle.
Choosing the right insurance company can be rather challenging considering how many companies provide coverage in Louisiana. The company rank data shown next could help you choose which car insurance providers to look at when shopping insurance around for unemployed drivers.
These rankings include insurance companies that insure vehicles in the majority of U.S. states, so companies with more of a regional focus are not included in this list. To compare price quotes 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
Discount New Orleans car insurance rates
Auto insurance companies that provide policies for unemployed drivers could also offer discounts that can reduce rates by as much as 25% or more if you are eligible for them. Large auto insurance companies and a partial list of their discounts are shown below.
- Esurance may have discounts that include claim free, renters, emergency road assistance, Pac-12 alumni, homeowner, and anti-lock brakes.
- The Hartford may offer discounts for driver training, air bag, good student, defensive driver, anti-theft, bundle, and vehicle fuel type.
- AAA policyholders can earn discounts including anti-theft, good driver, pay-in-full, education and occupation, multi-car, multi-policy, and good student.
- GEICO offers discounts for multi-policy, driver training, good student, multi-vehicle, five-year accident-free, and daytime running lights.
- State Farm has discounts for multiple autos, passive restraint, safe vehicle, defensive driving training, student away at school, good driver, and Steer Clear safe driver discount.
The chart below illustrates the difference between insurance costs with and without discounts applied to the premium. The prices are based on a male driver, no claims or violations, Louisiana state minimum liability limits, comp and collision included, and $100 deductibles. The first bar for each age group shows insurance cost with no discounts. The second shows the rates with multiple vehicle, claim-free, passive restraint, homeowner, multiple policy, and vehicle safety discounts applied. When these discounts are applied, theaverage yearly reduction on auto insurance for unemployed drivers is 28% or $1,005.
Don’t make the mistake of not shopping around
Louisiana auto insurance rates are impacted by many things which can substantially change the price you have to pay for coverage. Simply having another birthday, buying a different home, or getting a speeding ticket can produce rate changes that can now make some companies affordable when they were higher priced. Additionally, auto insurance companies change rates as often as every three months to adjust for unexpected claims or profits. Heavier than normal losses may result in a rate increase, while lower claims may cause lower-priced New Orleans car insurance rates.
For instance, the graph below shows rates for the cheapest car insurance in New Orleans, LA for a 30-year-old female driver with a clean driving record, no accidents, and solid credit. If we compare prices based on her current risk factors, USAA might offer the most affordable car insurance rates in New Orleans at $2,782 each year. This is $368 more than the average policy premium paid by Louisiana drivers of $2,414. MetLife, GEICO, Progressive, and Safeway are the remaining top five cheapest New Orleans, LA auto insurance companies.
In the next rate comparison, we’ll give the driver from the first rate comparison some claims, a lower credit rating, and a stop sign violation. Since each auto insurance company has a proprietary method to establish rates, comparing prices may result in a new list of affordable New Orleans car insurance companies as shown below.
California Casualty now has the lowest price in New Orleans, LA with State Farm, Safe Auto, USAA, and MetLife now rounding out the top five. This illustrates why consumers need to compare rates when trying to find the lowest insurance quotes for unemployed drivers.
Car insurance prices are made up of many risk factors and can increase or decrease at any time, so the most economical company the last time you shopped around may now be priced much higher than other options.
How to find economical auto insurance for unemployed drivers
It’s not impossible to find cheaper rates, and here are a few thrifty suggestions that can help Louisiana drivers quote lower-cost coverage.
- Pay for smaller claims out-of-pocket
- Accidents can significantly increase rates
- Increase physical damage deductibles
- Don’t waste money on full coverage for older vehicles
- You will pay more if you get tickets or have at-fault accidents
- Compare price quotes at least once a year
That last idea is incredibly necessary, as we noted in this piece. Rates fluctuate constantly, so don’t hesitate to switch companies if you can save money. Staying with the same car insurance company is fine, but it’s not a good idea if that dedication is costing money that could be spent on other things. In just a couple of minutes you could compare prices and find cheaper car insurance for unemployed drivers in New Orleans.