Writing this article would sure be easy if we could just give you the name of the one auto insurance company that has the best deal on coverage in Louisiana. It’s not that simple, unfortunately, as there are a whole bunch of unknowns such as if you have a spouse, if you just need liability coverage, and what coverage limits you want. This article will detail the best ways to compare rates and also should give you a solid foundation to find cheaper car insurance.
Shopping around for low-priced car insurance is easier said than done, and deciding which companies offer the best auto insurance rates for 16 year olds may require even more perseverance. Each company has a unique approach for determining rates in each state, so let’s begin by taking a look at the auto insurance companies with the most affordable rates in New Orleans, LA.
It’s a good idea to be aware that New Orleans auto insurance rates are impacted by many factors which can significantly increase or decrease the price you have to pay for coverage. Things like having a birthday, increasing deductibles, or having an at-fault accident may cause policy rate changes resulting in some rates now being cheaper than before.
Cheapest Insurance Rates for Teens
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | USAA | $1,594 |
| 2 | MetLife | $1,910 |
| 3 | GEICO | $1,965 |
| 4 | Progressive | $2,005 |
| 5 | Southern Farm Bureau | $2,181 |
| 6 | Safeway | $2,220 |
| 7 | California Casualty | $2,246 |
| 8 | State Farm | $2,455 |
| 9 | Safe Auto | $2,575 |
| 10 | Allstate | $3,065 |
| 11 | Encompass | $3,170 |
| 12 | Liberty Mutual | $3,756 |
| Compare Rates Now Go | ||
USAA generally has some of the most affordable car insurance rates in New Orleans at around $1,594 per year. MetLife, GEICO, Progressive, and Southern Farm Bureau also are some of the more affordable New Orleans, LA auto insurance companies.
As illustrated above, if you are insured with GEICO and switched to USAA, you might see a yearly price reduction of in the vicinity of $371. Policyholders with Progressive might save as much as $411 a year, and Southern Farm Bureau policyholders might lower prices by $587 a year.
It’s important to note that these policy rates are averaged for all ages of drivers and types of vehicles and and are not calculated with an exact location for 16 year olds. So the company that fits your needs best may not even be in the top 12 companies shown above. That emphasizes why you need to quote rates from many companies using your own driver information and specific vehicle type.
For new drivers, one of the big criteria that determine auto insurance rates is your address. Areas with more people or more claims tend to have more expensive car insurance rates, whereas areas with fewer weather claims and lower vehicle theft rates tend to receive cheaper rates.
The following table sorts the highest-priced places in Louisiana for 16 year olds to buy auto insurance in. New Orleans is ranked at #1 with the yearly price of $2,914 for the average insured, which is around $243 monthly.
| Rank | City | Premium Per Year |
|---|---|---|
| 1 | New Orleans | $2,914 |
| 2 | Marrero | $2,544 |
| 3 | Terrytown | $2,530 |
| 4 | Harvey | $2,487 |
| 5 | Metairie | $2,232 |
| 6 | Baton Rouge | $2,231 |
| 7 | Shenandoah | $2,204 |
| 8 | Kenner | $2,159 |
| 9 | Central | $2,135 |
| 10 | Prairieville | $2,127 |
| 11 | Alexandria | $2,117 |
| 12 | Hammond | $2,107 |
| 13 | Laplace | $2,051 |
| 14 | Lafayette | $1,976 |
| 15 | Sulphur | $1,954 |
| 16 | Lake Charles | $1,934 |
| 17 | Monroe | $1,931 |
| 18 | Slidell | $1,919 |
| 19 | Shreveport | $1,894 |
| 20 | New Iberia | $1,852 |
| 21 | Houma | $1,846 |
| 22 | Bayou Cane | $1,782 |
| 23 | Natchitoches | $1,781 |
| 24 | Bossier City | $1,727 |
| 25 | Ruston | $1,652 |
| Compare Prices Now Go | ||
Rates are approximated as the specific area where the vehicle is garaged can increase or decrease price quotes noticeably.
Ending up with the highest-rated insurance provider can be difficult considering how many companies there are to choose from in Louisiana. The company rank data shown next could help you choose which car insurance companies you want to consider putting your business with.
The rankings below are for the largest auto insurers in America, so companies that have a smaller presence are not included in these rankings. To get rate quotes from these top insurers and more, simply click here.
Top 10 Large Auto Insurance Providers Overall in New Orleans
- USAA
- AAA Insurance
- Allstate
- State Farm
- The Hartford
- Safeco Insurance
- Progressive
- American Family
- Esurance
- The General
Drive responsibly or pay higher rates
One of the best ways to receive good auto insurance rates in New Orleans for new drivers is to drive safe and have a clean driving record. The illustration below demonstrates how citations and fender-benders can drive up auto insurance costs for each age group. The data is based on a married female driver, full physical damage coverage, $250 deductibles, and no discounts are applied.
The data in the chart shows the average cost of an auto insurance policy in Louisiana per year with a clean driving record and no accidents is $1,875. Get one speeding ticket and the average cost increases to $2,183, an increase of $308 each year. Now throw in one accident along with the one speeding ticket and the annual cost of auto insurance for 16 year olds goes up to an average of $3,045. That’s an increase of $1,171, or $98 per month, just for not paying attention while driving!
Don’t make the mistake of not shopping around
New Orleans, LA auto insurance rates are calculated based on many things which can significantly increase or decrease the price you have to pay for coverage. Improving your credit rating, moving to a new city, or getting a reckless driving citation can cause premium changes that may make certain companies more affordable than others.
Not only may your risk profile change, but insurance companies change prices as often as every quarter to adjust for gains or losses. Significantly higher claims can result in rate hikes, while better underwriting may produce more affordable New Orleans car insurance rates.
The data below shows which companies have the cheapest car insurance in New Orleans, LA for a 40-year-old female driver with a good driving record, no prior claims, and good financial standing. Based on her current risk factors, USAA may have the cheapest 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 Southern Farm Bureau are the rest of the cheapest New Orleans, LA auto insurance companies.
In this next rate comparison, we will give the driver in the first example a chargeable claim, slightly worse credit, and a couple of points charged on her driving record. Since each auto insurer has their own formula to set their prices, comparing prices may now present a different ranking of the cheapest companies as shown below.
California Casualty now has the cheapest auto insurance in New Orleans with State Farm, MetLife, USAA, and GEICO completing the list. This example shows why Louisiana drivers need to do a thorough rate comparison to find the best car insurance rates for 16 year olds.
Car insurance prices consist of many factors and change substantially, so the most affordable company the last time you shopped around may now be quite expensive.
If you aren’t sure which coverage you need and prefer to have some advice when comparing insurance rates for new drivers, the agencies below are willing to help you decide which coverages are best. To locate an agency in your neighborhood, click the link after the list.
- Murphy Insurance LLC
2107 Soniat St – New Orleans, LA 70115 – (504) 899-8010 - Dan Burghardt Insurance Agency
5741 Crowder Blvd – New Orleans, LA 70127 – (504) 241-7283 - Allstate Insurance: Daniel Occhi
4006 Canal St – New Orleans, LA 70119 – (504) 517-9080 - Lovecchio Insurance
1510 Robert E Lee Blvd – New Orleans, LA 70122 – (504) 284-7778 - LeMoine Robinson – State Farm Insurance Agent
4747 Earhart Blvd a – New Orleans, LA 70125 – (504) 218-4420