This would be a real easy article to write if we could just give you the name of the one car insurance company that has the rock bottom lowest rates in Louisiana. It’s not that simple, unfortunately, as there are a whole slew of unknown aspects such as if you own a home, whether you are male or female, if you are currently insured, and the miles you drive each year, that all have an effect on the price. This article will detail the best ways to save money and will hopefully give you a good start to your coverage search.
One of the many things that determine the cost of insurance is where you normally keep your vehicle in New Orleans. Areas with increased crime or more people are more likely to have higher rates, whereas less populated areas benefit from lower coverage costs.
The illustration below rates the most expensive areas in Louisiana for drivers with bad credit to buy an auto insurance policy in. New Orleans is listed at #1 with the yearly price of $2,856 for the average policyholder, which is approximately $238 each month.
| Rank | City | Average Per Year |
|---|---|---|
| 1 | New Orleans | $2,856 |
| 2 | Marrero | $2,544 |
| 3 | Harvey | $2,513 |
| 4 | Terrytown | $2,455 |
| 5 | Metairie | $2,232 |
| 6 | Shenandoah | $2,183 |
| 7 | Kenner | $2,181 |
| 8 | Central | $2,157 |
| 9 | Baton Rouge | $2,143 |
| 10 | Hammond | $2,107 |
| 11 | Prairieville | $2,105 |
| 12 | Alexandria | $2,034 |
| 13 | Laplace | $1,991 |
| 14 | Lafayette | $1,976 |
| 15 | Monroe | $1,970 |
| 16 | Lake Charles | $1,915 |
| 17 | Slidell | $1,899 |
| 18 | Sulphur | $1,896 |
| 19 | New Iberia | $1,871 |
| 20 | Shreveport | $1,820 |
| 21 | Natchitoches | $1,817 |
| 22 | Houma | $1,810 |
| 23 | Bossier City | $1,797 |
| 24 | Bayou Cane | $1,764 |
| 25 | Ruston | $1,652 |
| Start a Quote Go | ||
Annual rates are estimated as zip code location can increase or decrease premiums noticeably.
The type of vehicle that is being insured is probably the largest consideration when comparing quotes for cheap auto insurance for drivers with bad credit. Vehicles with lots of horsepower, a lack of safety features, or high incidents of liability claims will cost much more to insure than safer, lower-performance models. The list below outlines auto insurance rates for the cheapest vehicles to insure in Louisiana.
| Make and Model | Estimated Cost for Full Coverage |
|---|---|
| Honda Odyssey LX | $2,579 |
| Honda CR-V LX 4WD | $2,655 |
| Ford Escape XLT 2WD | $2,660 |
| Toyota Camry LE | $2,787 |
| Chevrolet Malibu Hybrid | $2,797 |
| Chevrolet Impala LT | $2,787 |
| Dodge Grand Caravan SXT | $2,839 |
| Ford Explorer Limited 4WD | $2,848 |
| Toyota Prius | $2,866 |
| Jeep Wrangler Sahara 4WD 2-Dr | $2,887 |
| Nissan Rogue SL 2WD | $2,987 |
| Jeep Grand Cherokee Limited 2WD | $2,995 |
| Ford Focus S 4-Dr Sedan | $2,994 |
| Toyota RAV4 2WD | $3,136 |
| GMC Sierra 2500HD SLT Extended Cab 4WD | $3,140 |
| Hyundai Elantra Blue 4-Dr Sedan | $3,164 |
| GMC Sierra SLT Crew Cab 4WD | $3,191 |
| Start a Quote Go | |
Premium data assumes single male driver age 30, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Louisiana minimum liability limits. Discounts applied include multi-policy, multi-vehicle, safe-driver, claim-free, and homeowner. Price estimates do not factor in New Orleans, LA location which can raise or lower prices greatly.
Looking at the data, you can see that cars like the Honda Odyssey, Honda CR-V, Ford Escape, Toyota Camry, and Chevrolet Malibu are a few of the cheaper vehicles to insure for people with poor credit. The price for an auto insurance policy will be more expensive just due to the fact that there is more inherent risk for drivers with bad credit, but in general those particular vehicles will most likely have the cheapest car insurance rates available.
Determining which companies have the best insurance rates for drivers with bad credit will involve a little more effort than just picking a company at random. Each auto insurance company has their own unique process to set premium rates, so let’s rank the most budget-friendly insurance companies in New Orleans, LA.
We do need to point out that New Orleans, LA insurance rates are based on many factors that control the price you have to pay. Simply turning a year older, getting divorced, or getting a DUI may prompt premium changes that may make certain companies more affordable than others.
Best Auto Insurance Prices with Bad Credit
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | USAA | $1,642 |
| 2 | MetLife | $1,854 |
| 3 | GEICO | $1,907 |
| 4 | Progressive | $1,927 |
| 5 | Safeway | $2,132 |
| 6 | Southern Farm Bureau | $2,204 |
| 7 | California Casualty | $2,315 |
| 8 | State Farm | $2,455 |
| 9 | Safe Auto | $2,653 |
| 10 | Allstate | $3,065 |
| 11 | Encompass | $3,266 |
| 12 | Liberty Mutual | $3,719 |
| View More Rates Go | ||
USAA generally has some of the cheapest car insurance rates in New Orleans at around $1,642 each year. 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 best New Orleans, LA car insurance companies.
As shown in the table above, if you currently buy coverage from Progressive and switched to USAA, you could see annual savings of about $285. Policyholders with Safeway could save as much as $490 a year, and Southern Farm Bureau insureds might lower prices by $562 a year.
It’s important to note that these policy rates are averaged for all types of drivers and the different vehicles they drive and are not factoring in a specific zip code for drivers with bad credit. So the insurer that fits your age and vehicle best may not even be in the top 12 companies shown above. That affirms the importance of why you need to compare rates from multiple companies using your own specific driver and vehicle information.
Buying coverage from a good quality auto insurance provider can be difficult considering how many companies provide coverage in New Orleans. The information shown below could help you analyze which car insurance companies you want to consider putting your business with.
The rankings below are only made up of companies that write coverage in many states, so companies that have a smaller presence are not factored into this list. To compare prices from these and other companies in Louisiana, follow this link.
Top 10 Major Auto Insurance Companies in New Orleans Ranked by Customer Service
- USAA
- Safeco Insurance
- AAA Insurance
- State Farm
- Progressive
- The Hartford
- The General
- Esurance
- GEICO
- Liberty Mutual
Top 10 Major Auto Insurance Companies in New Orleans Ranked by Customer Satisfaction
- USAA – 91%
- AAA Insurance – 90%
- Esurance – 90%
- Progressive – 88%
- Safeco Insurance – 88%
- State Farm – 88%
- Allstate – 88%
- The Hartford – 87%
- GEICO – 87%
- 21st Century – 84%
Discount New Orleans auto insurance rates
Insurance providers that offer cheap quotes for drivers with bad credit may provide discounts that may potentially lower prices by as much as 30% if you meet specific criteria. A list of insurance companies and some of the premium reductions they offer are outlined below.
- GEICO may have discounts that include multi-vehicle, anti-theft, multi-policy, five-year accident-free, defensive driver, military active duty, and membership and employees.
- USAA may include discounts for multi-vehicle, safe driver, loyalty savings, new vehicle, and good student.
- Progressive discounts include good student, homeowner, multi-policy, online signing, continuous coverage, and multi-vehicle.
- American Family includes discounts for Steer into Savings, early bird, bundled insurance, mySafetyValet, good student, and good driver.
- Esurance has savings for claim free, Pac-12 alumni, renters, emergency road assistance, multi-policy, anti-theft, and anti-lock brakes.
- Farmers Insurance offers discounts including teen driver, good student, youthful driver, multi-car, switch companies, and bundle discounts.
- State Farm has discounts for multiple policy, driver’s education, accident-free, anti-theft, good student, defensive driving training, and student away at school.
The example below illustrates the comparison of car insurance costs with and without discounts applied to the premium. The price estimates are based on a male driver, no claims or driving citations, Louisiana state minimum liability limits, full physical damage coverage, and $250 deductibles.
The first bar for each age group shows insurance cost with no discounts. The lower bar shows the rates with anti-theft, vehicle safety, passive restraint, safe-driver, claim-free, and multiple policy discounts applied. With discounts applied, theamount saved on insurance for drivers with bad credit is 28% or $674.
You are probably paying too much for car insurance
Louisiana insurance rates are determined by lots of factors that may substantially change the price of coverage. Simply improving your credit, moving to a different location, or getting a speeding ticket can trigger rate changes that can now make some companies cheaper than competitors. Also, car insurance companies modify rates as often as every quarter in order to be able to pay unexpected claims. A period of increased losses may cause higher priced premiums, while better underwriting can cause lower-priced New Orleans car insurance rates.
As an example, the bar chart below compares the cheapest car insurance in New Orleans, LA for a 35-year-old male driver with a clear driving record, no claims, and a good credit history. If we estimate prices based on his current risk factors, USAA quotes the lowest car insurance rates in New Orleans at $2,756 a year. This is $342 more than the average price paid by Louisiana drivers of $2,414. MetLife, GEICO, Progressive, and Safeway are also on the list of the top five cheapest New Orleans, LA auto insurance companies.
The example below compares rates after we give the driver from the first example a claim surcharge, a lower credit rating, and a few blemishes on his driving record. Since each auto insurer has their own guidelines for filing rates in each state, comparing prices may now present a different list of affordable New Orleans car insurance companies as shown below.
California Casualty now has the cheapest auto insurance in New Orleans, LA with State Farm, MetLife, Safe Auto, and USAA also being competitive. This demonstrates why it is crucial to spend some time comparing rates to get affordable car insurance rates for drivers with bad credit. Prices can be determined by many risk factors and change substantially, so the best option when you last compared rates may now be one of the higher cost companies.