Save Money on Jeep Patriot Insurance in New Orleans

If your goal is the lowest price, then the best way to get more affordable car insurance rates is to regularly compare quotes from providers who sell auto insurance in New Orleans.

Step 1: Learn about auto insurance and the changes you can make to prevent rate increases. Many policy risk factors that cause rate increases like at-fault accidents, speeding tickets, and a less-than-favorable credit score can be improved by improving your driving habits or financial responsibility. This article provides the details to help prevent costly coverage and get additional discounts.

Step 2: Obtain price quotes from independent agents, exclusive agents, and direct companies. Direct and exclusive agents can only give prices from a single company like GEICO or Farmers Insurance, while independent agencies can quote prices for a wide range of companies. Begin your rate comparison

Step 3: Compare the new rates to your existing rates to determine if you can save on Patriot insurance in New Orleans. If you find better rates, make sure coverage does not lapse between policies.

An important bit of advice to remember is to make sure you enter identical coverages on each quote and and to get price estimates from as many different insurance providers as possible. This enables the most accurate price comparison and a complete price analysis.

Anyone knows that car insurance companies don’t want you to look for a cheaper policy. People who shop around for a cheaper policy will most likely move their business because there is a good chance of finding lower prices. Surprisingly, a recent survey revealed that people who routinely compared quotes saved about $72 a month compared to people who never compared rates.

If finding the lowest price for Jeep Patriot insurance in New Orleans is your goal, then learning about how to shop for insurance rates can save time, money, and frustration.

Locating the most cost-effective insurance policy in New Orleans is really quite easy. Basically, every driver who requires lower cost insurance stands a good chance to buy a cheaper policy. But Louisiana drivers need to learn how the larger insurance companies determine premium rates and take advantage of how the system works.

Just keep in mind that getting more free quotes helps you find the best offered rates. Some smaller insurers do not give New Orleans Patriot insurance quotes online, so you need to compare quotes from the smaller companies as well.

The following companies have been selected to offer price quotes in New Orleans, LA. To locate cheap auto insurance in New Orleans, LA, we recommend you visit as many as you can to get a more complete price comparison.

Coverage analysis

The data table shown next outlines detailed analysis of insurance premium costs for Jeep Patriot models. Having knowledge of how insurance premiums are determined can assist in making smart choices when selecting a policy.

Data based on single female driver age 40, no speeding tickets, no at-fault accidents, $250 deductibles, and Louisiana minimum liability limits. Discounts applied include claim-free, multi-policy, multi-vehicle, safe-driver, and homeowner. Table data does not factor in vehicle location which can impact rates considerably.

Comparison of policy deductibles

One frequently asked question is how high should the deductibles for physical damage be. The data tables below help summarize the cost difference of buying low and high deductibles. The first set of rates uses a $100 deductible for comprehensive and collision coverage and the second data table uses a $500 deductible.

Table data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Louisiana minimum liability limits. Discounts applied include claim-free, multi-policy, multi-vehicle, safe-driver, and homeowner. Premium amounts do not factor in the specific area where the vehicle is garaged which can impact coverage rates substantially.

Based on the above data, using a $100 deductible would cost the average driver about $28 more each month or $336 each year than buying the higher $500 deductible. Because you would be required to pay $400 more if you file a claim with a $500 deductible as compared to a $100 deductible, if you have more than 14 months between claim filings, you would probably come out ahead going with the higher deductible. Here is a better example of how this calculation is made.

An important sidenote is that increasing deductibles to lower your rates results in more money out-of-pocket when you have a claim. You must have some money saved in order to pay the higher deductible in order to repair your vehicle.

Poor driving habits will raise your auto insurance rates

The information below shows how traffic citations and at-fault collisions increase Jeep Patriot insurance costs for different age groups. The price estimates are based on a single female driver, full physical damage coverage, $500 deductibles, and no other discounts are factored in.

Full coverage rates vs. liability-only

The chart below illustrates the comparison of Jeep Patriot insurance prices with full coverage compared to only the Louisiana minimum liability coverage. The price estimates are based on no driving violations, no at-fault accidents, $100 deductibles, drivers are single, and no discounts are taken into consideration.

When to stop paying for full coverage

There isn’t a steadfast formula of when to exclude full coverage, but there is a general convention. If the yearly cost of full coverage is more than about 10% of the vehicle’s replacement cost less your deductible, then you might want to think about dropping full coverage.

For example, let’s assume your Jeep Patriot claim settlement value is $3,000 and you have $1,000 full coverage deductibles. If your vehicle is totaled in an accident, the most you would get paid by your company is $2,000 after paying your policy deductible. If you are paying more than $200 a year for your policy with full coverage, then you may want to consider only buying liability coverage.

There are some scenarios where only buying liability is not a good idea. If you haven’t satisfied your loan, you have to maintain full coverage in order to prevent your loan from defaulting. Also, if your emergency fund is not enough to purchase a different vehicle in the even your car is totaled, you should not drop full coverage.

Insurance policy discounts for Jeep Patriot insurance in New Orleans

Companies do not advertise all possible discounts very well, so the below list has a few of the more common as well as some of the hidden credits that you can use to lower your rates.

• Safe Driver Discount – Drivers who avoid accidents can save up to 40% or more on their New Orleans car insurance quote as compared to drivers with claims.
• Discount for Home Ownership – Owning your own home or condo can earn you a little savings due to the fact that maintaining a home shows financial diligence.
• Passive Restraint Discount – Vehicles equipped with air bags and/or automatic seat belt systems can get savings of up to 25% or more.
• Distant Student – College-age children who are enrolled in a college that is more than 100 miles from New Orleans without a vehicle on campus could qualify for this discount.
• Save with More Vehicles Insured – Insuring multiple cars with the same company can reduce rates for all insured vehicles.
• Multi-line Discount – Not every insurance company offers life insurance, but if they do you may earn better prices if you take out life insurance.
• Buy New and Save – Buying coverage on a new vehicle can be considerably cheaper since new vehicles have better safety ratings.

One thing to note about discounts is that most credits do not apply to all coverage premiums. Most only cut individual premiums such as collision or personal injury protection. Even though the math looks like all those discounts means the company will pay you, nobody gets a free ride.

The illustration below illustrates the comparison of Jeep Patriot yearly insurance costs with and without discounts applied to the policy premium. The data assumes a female driver, no accidents or driving violations, Louisiana state minimum liability limits, full physical damage coverage, and $100 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with marriage, safe-driver, claim-free, multi-car, homeowner, and multi-policy discounts applied.

Insurance companies that possibly offer most of the discounts above include:

• Progressive
• SAFECO
• American Family
• MetLife
• GEICO
• The Hartford

Before you buy a policy, ask each insurance company which discounts you qualify for. Depending on the company, some discounts may not apply in your state.

It may be expensive, but it’s not optional

Despite the high insurance cost for a Jeep Patriot in New Orleans, insurance may not be optional for several reasons.

• Almost all states have mandatory liability insurance requirements which means it is punishable by state law to not carry a specific level of liability insurance coverage in order to drive the car legally. In Louisiana these limits are 15/30/25 which means you must have $15,000 of bodily injury coverage per person, $30,000 of bodily injury coverage per accident, and $25,000 of property damage coverage.
• If you have a lien on your Jeep Patriot, almost every bank will require you to have insurance to ensure loan repayment if the vehicle is totaled. If you cancel or allow the policy to lapse, the lender may have to buy a policy to insure your Jeep at a much higher premium rate and make you pay for it.
• Insurance preserves not only your car but also your financial assets. It also can pay for most medical and hospital costs for both you and anyone you injure as the result of an accident. One of the most valuable coverages, liability insurance, also pays expenses related to your legal defense if you are sued as the result of your driving. If you have damage to your Jeep as the result of the weather or an accident, collision and comprehensive coverages will cover the damage repairs after a deductible is paid.

The benefits of having insurance more than cancel out the cost, particularly if you ever have a claim. The average driver in America is overpaying over $750 every year so compare quotes from several companies once a year at a minimum to ensure rates are inline.

Which car insurance company is best in New Orleans?

Buying coverage from the highest-rated car insurance company can be difficult considering how many different insurance companies sell coverage in Louisiana. The company ratings below could help you select which coverage providers to look at comparing price quotes from.

Top 10 New Orleans Car Insurance Companies by A.M. Best Rank

1. Travelers – A++
2. USAA – A++
3. GEICO – A++
4. State Farm – A++
5. Titan Insurance – A+
6. Esurance – A+
7. Progressive – A+
8. The Hartford – A+
9. Allstate – A+
10. Nationwide – A+

Independent versus exclusive car insurance agents

Many people prefer to talk to an insurance agent and we recommend doing that An additional benefit of comparing rates online is the fact that you can find better rates and still have an agent to talk to.

For easy comparison, once you complete this form (opens in new window), your coverage information is transmitted to agents in your area who will give you bids for your business. You don’t have to leave your computer since price quotes are sent to your email. It’s the lowest rates and work with a local agent. If you wish to compare rates from a specific company, just navigate to their website and give them your coverage information.

Finding the right insurance company needs to be determined by more than just the bottom line cost. These are some valid questions you should ask.

• Does the company have a local claim office in New Orleans?
• Is their price quote a firm figure or are their hidden costs?
• Which members of your family are coverage by the policy?
• Does the agent recommend any additional coverage?
• How would your car be valued if totaled?
• Are they in the agency full-time?
• Are you getting all the discounts the company offers?

Two types of auto insurance agents

If you are searching for local New Orleans agents, you must know there are a couple types of agencies from which to choose. Insurance agencies in New Orleans can be described as either independent (non-exclusive) or exclusive.

Exclusive Agencies

Exclusive agencies normally can only provide a single company’s rates such as Allstate, State Farm and Farmers Insurance. Exclusive agents cannot compare rates from other companies so they have no alternatives for high prices. They are highly trained on sales techniques and that enables them to sell even at higher rates.

The following is a list of exclusive insurance agents in New Orleans willing to provide price quotes.

View more New Orleans agents

Independent Insurance Agents

Agents that elect to be independent do not sell for just one brand and that gives them the ability to insure with lots of companies and help determine which has the cheapest rates. If your premiums go up, your agent can switch companies and you can keep the same agent.

If you are comparing car insurance prices, you will definitely want to check rates from multiple independent agents to get the best comparison.

Shown below are independent insurance agents in New Orleans that are able to give price quote information.

View more New Orleans agents