If you want to find the absolute lowest rates, then the best way to get low-cost auto insurance rates in New Orleans is to regularly compare quotes from insurers who provide car insurance in Louisiana. Rate comparisons can be done by following these guidelines.
First, get a basic knowledge of how insurance companies determine prices and the changes you can make to keep rates down. Many things that cause high rates such as careless driving and a poor credit rating can be eliminated by making minor changes to your lifestyle. This article provides additional ideas to help reduce premium rates and get discounts that may be available to you.
Second, compare prices from exclusive agents, independent agents, and direct providers. Direct companies and exclusive agencies can only provide price estimates from a single company like GEICO and Allstate, while independent agents can provide rate quotes for many different companies.
Third, compare the price quotes to the premium of your current policy and see if there is a cheaper rate. If you find a better price and make a switch, make sure there is no lapse between the expiration of your current policy and the new one.
The critical component of shopping around is to make sure you enter the same physical damage deductibles and liability limits on every quote and and to get price quotes from as many companies as you can. This ensures a fair price comparison and a complete rate analysis.
A study showed that over 70% of consumers have bought auto insurance from the same company for at least the last four years, and nearly 40% of drivers have never shopped around. Drivers in the U.S. could cut their rates by as much as 46.5% a year just by comparing rates, but they think it’s difficult to find lower-cost rates by getting comparison quotes.
New Orleans insurance discounts
Companies that sell car insurance do not list all available discounts in an easy-to-find place, so the list below details a few of the more well known and also the lesser-known discounts that you can inquire about if you buy New Orleans car insurance online.
- Full Payment Discount – If you can afford to pay the entire bill instead of making monthly payments you may reduce your total bill.
- New Car Discount – Putting insurance coverage on a new GT-R can save up to 30% compared to insuring an older model.
- Student Discount for Driver Training – Have your child complete a driver education course in high school.
- Federal Government Employee – Federal government employees may reduce rates when you quote New Orleans car insurance with select insurance companies.
- Seat Belt Usage – Drivers who require all occupants to use a seat belt could cut 10% or more off PIP or medical payments premium.
Just know that some credits don’t apply to the overall cost of the policy. Most only cut the cost of specific coverages such as medical payments or collision. Just because it seems like having all the discounts means you get insurance for free, it doesn’t quite work that way.
The diagram below illustrates the comparison of Nissan GT-R auto insurance costs with and without discounts applied to the premium. The rate quotes are based on a female driver, a clean driving record, no claims, Louisiana state minimum liability limits, full coverage, and $1,000 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with multi-car, marriage, multi-policy, claim-free, homeowner, and safe-driver discounts applied.
A few companies that may offer policyholders these money-saving discounts are:
When quoting, ask every prospective company which credits you are entitled to. Some discounts listed above might not be offered everywhere. To locate insurance companies with the best Nissan GT-R insurance discounts in Louisiana, click here.
Finding Nissan GT-R insurance in New Orleans, LA
The companies shown below are our best choices to provide free quotes in New Orleans, LA. In order to find cheaper car insurance in Louisiana, we suggest you compare several of them in order to find the most affordable rates.
Facts and figures for Nissan GT-R insurance
The price information displayed next outlines estimates of insurance costs for Nissan GT-R models. Having a better idea how auto insurance premiums are calculated can help drivers make smart buying decisions.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| GT-R Premium AWD 2-Dr | $536 | $1152 | $406 | $24 | $122 | $2,240 | $187 |
| GT-R AWD 2-Dr | $536 | $1152 | $406 | $24 | $122 | $2,240 | $187 |
| Get Your Own Custom Quote Go | |||||||
Table data assumes married male driver age 40, no speeding tickets, no at-fault accidents, $250 deductibles, and Louisiana minimum liability limits. Discounts applied include safe-driver, claim-free, homeowner, multi-vehicle, and multi-policy. Information does not factor in garaging location in New Orleans which can lower or raise insurance rates noticeably.
Should you raise deductibles?
One of the more difficult decisions when buying insurance is which deductible level should you buy. The data tables below sum up how much more you’ll pay when you choose different coverage deductibles. The first set of prices uses a $250 deductible for physical damage and the second data table uses a $500 deductible.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| GT-R Premium AWD 2-Dr | $590 | $1252 | $394 | $24 | $118 | $2,403 | $200 |
| GT-R AWD 2-Dr | $590 | $1252 | $394 | $24 | $118 | $2,403 | $200 |
| Get Your Own Custom Quote Go | |||||||
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| GT-R Premium AWD 2-Dr | $480 | $1010 | $394 | $24 | $118 | $2,026 | $169 |
| GT-R AWD 2-Dr | $480 | $1010 | $394 | $24 | $118 | $2,026 | $169 |
| Get Your Own Custom Quote Go | |||||||
Premium data assumes married male driver age 30, no speeding tickets, no at-fault accidents, and Louisiana minimum liability limits. Discounts applied include safe-driver, homeowner, multi-vehicle, multi-policy, and claim-free. Estimates do not factor in New Orleans location which can revise price quotes noticeably.
Based on this data, using a $250 deductible costs an average of $31 more each month or $372 annually averaged for all GT-R models than choosing the higher $500 deductible. Since you would have to pay $250 more to file a claim with a $500 deductible as compared to a $250 deductible, if you go at a minimum 8 months between claim filings, you would save money by going with a higher deductible.
How much more does full coverage cost in New Orleans?
The illustration below compares Nissan GT-R auto insurance costs with full physical damage coverage and with liability coverage only. The prices are based on no driving violations, no at-fault accidents, $100 deductibles, drivers are single, and no additional discounts are factored in.
When to stop buying full coverage
There isn’t a steadfast formula of when to eliminate full coverage, but there is a general guideline you can use. If the annual cost of having full coverage is 10% or more of replacement cost minus your deductible, then you might want to think about dropping full coverage.
For example, let’s assume your Nissan GT-R replacement cost is $8,000 and you have $1,000 full coverage deductibles. If your vehicle is totaled, the most your company will settle for is $7,000 after paying the physical damage deductible. If it’s costing you more than $700 annually to have full coverage, then it may be the right time to buy liability only.
There are a few situations where only buying liability is not in your best interest. If you haven’t paid off your loan, you have to carry full coverage to protect the lienholder’s interest in the vehicle. Also, if your finances do not allow you to purchase a different vehicle if your current one is in an accident, you should not opt for liability only.
Auto insurance agents can help
Many people still prefer to have an agent’s advice and that is not a bad decision Professional insurance agents can answer important questions and will help you if you have claims. The biggest benefit of price shopping on the web is the fact that drivers can get the best rates but still work with a licensed agent. And supporting small agencies is especially important in New Orleans.
Upon completion of this short form, the coverage information is sent to companies in New Orleans who will return price quotes and help you find cheaper coverage. It’s much easier because you don’t need to find an agent because quoted prices will be sent straight to your inbox. In the event you want to get a price quote from a specific insurance company, you just need to find their quoting web page to submit a rate quote request.
If you are searching for a good insurance agency, it’s important to understand the types of insurance agents and how they are distinctly different. Car insurance agents in New Orleans can be described as either independent agents or exclusive agents. Either one can insure your vehicles properly, but it’s good to learn the difference in how they write coverage because it can influence your selection of an agent.
Independent Insurance Agents
Independent agents are not employed by one company so they can quote policies through lots of different companies and get the cheapest rates. If they find a cheaper price, the agent simply finds a different carrier and you don’t have to switch agencies. If you need lower rates, you will definitely want to get some free quotes from a few independent agents to have the best price comparison. They often place coverage with companies you’ve never heard of that can offer cheaper rates than bigger companies.
Shown below is a list of independent insurance agencies in New Orleans that can possibly get you free price quotes.
- KTS Insurance Agency
3239 Bienville St – New Orleans, LA 70119 – (504) 371-5519 – View Map - Dan Burghardt Insurance Agency
5741 Crowder Blvd – New Orleans, LA 70127 – (504) 241-7283 – View Map - Pappalardo Agency, Inc.
145 Robert E Lee Blvd #202 – New Orleans, LA 70124 – (504) 486-7441 – View Map
Exclusive Car Insurance Agents
Agents that elect to be exclusive can only provide pricing for a single company and examples are AAA, State Farm, Farmers Insurance, and Allstate. Exclusive agents cannot place coverage with different providers so you might not find the best rates. Exclusive insurance agents are trained well on the products they sell which aids in selling service over price. Some consumers prefer to buy from exclusive agents primarily because of the prominence of the brand rather than having the cheapest rates.
The following is a short list of exclusive insurance agencies in New Orleans that are able to give rate quotes.
- Allstate Insurance: John Carbo Jr.
621 Homedale St – New Orleans, LA 70124 – (504) 488-0070 – View Map - Alan Jackson – State Farm Insurance Agent
7045 Read Blvd Ste 108 – New Orleans, LA 70127 – (504) 241-6799 – View Map - Josh Lorando – State Farm Insurance Agent
4200 Canal St c – New Orleans, LA 70119 – (504) 488-0001 – View Map
Finding the right car insurance agent shouldn’t rely on just the bottom line cost. The following questions are important to ask.
- Do they assist clients in filing claims?
- Does their agency support local causes in New Orleans?
- If you have an accident, will your rates go up?
- Can you contact them at any time?
- Does the agency provide any after hours assistance?
- Are there any discounts that you might be missing?
After you get acceptable answers for all questions you ask and locked in a price quote, you have narrowed it down to an insurance agency that can be relied on to properly insure your vehicles. Just remember you are entitled to cancel a policy any time you want so don’t feel that you are obligated to a policy with no way out.
Frequent quotes can save
As you quote New Orleans car insurance, do not skimp on coverage in order to save money. In too many instances, drivers have reduced liability limits or collision coverage only to regret that the small savings ended up costing them much more. Your goal is to find the BEST coverage at the lowest possible cost and still be able to protect your assets.
People change insurance companies for a variety of reasons including poor customer service, lack of trust in their agent, policy non-renewal and unfair underwriting practices. No matter why you want to switch, switching companies is not as difficult as it may seem.
Affordable Nissan GT-R insurance in New Orleans is possible online and from local insurance agents, and you should compare rates from both to get a complete price analysis. Some insurance companies may not offer internet price quotes and many times these small, regional companies provide coverage only through independent agencies.
More learning opportunities
- Child Safety FAQ (iihs.org)
- How Much is Auto Insurance for Ride Shares in New Orleans? (FAQ)
- What Auto Insurance is Cheapest for a Toyota Highlander in New Orleans? (FAQ)
- Who Has Cheap Auto Insurance for Active Military in New Orleans? (FAQ)
- Understanding Car Crashes Video (iihs.org)
- Medical Payments Coverage (Liberty Mutual)
- How Much Auto Coverage do I Need? (Insurance Information Institute)
- Rental Car Insurance Tips (Insurance Information Institute)