It’s an obvious conclusion that auto insurance companies don’t want you to look at other companies. Insureds who perform rate comparisons will most likely switch companies because there is a good probability of finding coverage at a more affordable price. A study showed that drivers who routinely shopped around saved on average $860 a year as compared to drivers who never shopped around for cheaper prices.
If finding the lowest price on car insurance is your ultimate target, understanding how to quote prices and compare insurance premiums can help make the process easier and more efficient.
The best way we recommend to get discount Subaru Legacy insurance is to do a yearly price comparison from insurance carriers in New Orleans. Prices can be compared by completing these steps.
- Step 1: Try to comprehend the different coverages in a policy and the things you can control to drop your rates. Many policy risk factors that increase rates such as getting speeding tickets and an imperfect credit rating can be controlled by paying attention to minor details.
- Step 2: Get rate quotes from direct carriers, independent agents, and exclusive agents. Direct and exclusive agents can only give rate quotes from a single company like GEICO and Allstate, while agents who are independent can quote rates for many different companies.
- Step 3: Compare the quotes to the price on your current policy to see if cheaper Legacy coverage is available. If you can save some money and make a switch, make sure coverage is continuous and does not lapse.
- Step 4: Provide notification to your current company to cancel your current car insurance policy. Submit any necessary down payment along with the completed application for the new coverage. As soon as coverage is bound, place the new certificate verifying coverage in your vehicle.
One key aspect of rate comparisons is that you’ll want to make sure you compare the same physical damage deductibles and liability limits on every quote and and to get price estimates from as many different companies as possible. Doing this guarantees the most accurate price comparison and a thorough selection of prices.
Auto insurance providers offering competitive rate quotes in Louisiana
The companies in the list below offer free quotes in Louisiana. If multiple companies are listed, it’s highly recommended you compare several of them in order to find the lowest rates.
Subaru Legacy insurance rates and statistics
The rate table shown next highlights different insurance rates for Subaru Legacy models. Being aware of how auto insurance premiums are figured can be of help when making decisions on the best policy to buy.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Legacy 2.5I | $438 | $488 | $402 | $24 | $120 | $1,472 | $123 |
| Legacy 2.5I Premium | $438 | $592 | $402 | $24 | $120 | $1,576 | $131 |
| Legacy 2.5I Premium | $438 | $592 | $402 | $24 | $120 | $1,576 | $131 |
| Legacy 3.6R Premium | $482 | $592 | $402 | $24 | $120 | $1,620 | $135 |
| Legacy 3.6R | $482 | $592 | $402 | $24 | $120 | $1,620 | $135 |
| Legacy 2.5I Limited | $482 | $592 | $402 | $24 | $120 | $1,620 | $135 |
| Legacy 2.5GT Premium | $482 | $698 | $402 | $24 | $120 | $1,726 | $144 |
| Legacy 3.6R Limited | $482 | $698 | $402 | $24 | $120 | $1,726 | $144 |
| Legacy 2.5 GT Limited | $482 | $698 | $402 | $24 | $120 | $1,726 | $144 |
| Legacy 2.5 GT Limited | $482 | $698 | $402 | $24 | $120 | $1,726 | $144 |
| Legacy 2.5 GT Limited | $482 | $698 | $402 | $24 | $120 | $1,726 | $144 |
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Data based on married female driver age 30, no speeding tickets, no at-fault accidents, $250 deductibles, and Louisiana minimum liability limits. Discounts applied include claim-free, multi-policy, homeowner, multi-vehicle, and safe-driver. Premium amounts do not factor in specific location information which can modify price quotes noticeably.
Safe drivers New Orleans pay cheaper rates
The diagram below illustrates how speeding tickets and at-fault fender-benders raise Subaru Legacy insurance costs for each different age category. The data is based on a single male driver, comp and collision included, $100 deductibles, and no discounts are applied to the premium.
Cost of full coverage
The information below illustrates the difference between Subaru Legacy yearly insurance costs with full coverage and liability only. The price estimates are based on a clean driving record, no claims, $100 deductibles, drivers are single, and no policy discounts are applied.
When to eliminate full coverage
There is no written rule to stop buying comprehensive and collision coverage on your policy, but there is a general school of thought. If the annual cost of coverage is about 10% or more of any settlement you would receive from your insurance company, then it might be time to buy liability only.
For example, let’s pretend your Subaru Legacy replacement value is $7,000 and you have $1,000 physical damage deductibles. If your vehicle is damaged in an accident, the most your company will settle for is $6,000 after you pay the deductible. If premium cost is more than $600 annually for comprehensive and collision coverage, then it’s probably a good time to buy liability coverage only.
There are a few situations where dropping full coverage is not a good idea. If you still owe a portion of the original loan, you are required to maintain full coverage in order to prevent the bank from purchasing higher-priced coverage. Also, if your emergency fund is not enough to purchase a different vehicle in case of an accident, you should not eliminate full coverage.
Earn discounts on New Orleans auto insurance
Not too many consumers would say auto insurance is affordable, but you might find some hidden discounts that you may not know about. Some trigger automatically at the time of quoting, but a few need to be asked for prior to receiving the credit. If you aren’t receiving every discount you deserve, you’re just leaving money on the table.
- Payment Discounts – By paying your entire bill at once instead of monthly or quarterly installments you can avoid the installment charge.
- E-sign Discounts – A handful of insurance companies will give a small break simply for signing online.
- Theft Prevention System – Vehicles that have factory anti-theft systems can help prevent theft and qualify for as much as a 10% discount.
- Senior Citizens – If you qualify as a senior citizen, you could receive better auto insurance rates.
- Telematics Data – New Orleans drivers who agree to allow driving data submission to scrutinize driving manner by using a telematics device in their vehicle such as Snapshot from Progressive or Drivewise from Allstate could possibly reduce rates if they have good driving habits.
- Auto/Life Discount – Not all insurance carriers offer life insurance, but some may give you better auto insurance rates if you take out life insurance from them.
- Multi-car Discount – Purchasing coverage when you have primary and secondary vehicles on one policy could earn a price break for each car.
Keep in mind that most discounts do not apply to the whole policy. A few only apply to individual premiums such as comp or med pay. Even though it may seem like you would end up receiving a 100% discount, companies wouldn’t make money that way.
The diagram below shows the difference between Subaru Legacy insurance prices with and without discounts being applied to the rates. The costs are based on a female driver, no violations or accidents, Louisiana state minimum liability limits, full physical damage coverage, and $500 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with claim-free, multi-car, marriage, multi-policy, safe-driver, and homeowner discounts applied.
Companies that may offer these money-saving discounts include:
Double check with each company or agent which discounts you may be entitled to. Some credits might not be available to policyholders in New Orleans.
Why Your Insurance Rates might be higher
Multiple criteria are part of the equation when pricing auto insurance. Some factors are common sense such as your driving record, but others are less obvious such as whether you are married or your commute time.
The following are a few of the things auto insurance companies consider when setting your premiums.
Gender matters – Over time, data shows that females take fewer risks when driving. That doesn’t necessarily mean that males are worse at driving than females. They both cause auto accidents in similar numbers, but the men get into accidents with more damage. Men also statistically receive more costly citations like DWI (DUI) or reckless driving.
The chart below illustrates the comparison of Subaru Legacy car insurance costs for male and female drivers. The rate quotes are based on no claims, a clean driving record, full physical damage coverage, $1,000 deductibles, single marital status, and no additional discounts are factored in.
High insurance claims frequency drives up prices – Auto insurance companies in Louisiana generally give lower rates to drivers that do not abuse their auto insurance. If you file a lot of claims you can definitely plan on higher premiums or even policy non-renewal. Insurance coverage is meant to be used in the event of larger claims.
Put fewer miles on your vehicle – The more you drive every year the higher your rate. Many insurance companies charge to insure your cars based upon how much you drive. Vehicles that do not get driven very much can get a lower rate than vehicles that are driven to work every day. It’s always a good idea to double check that your auto insurance policy reflects the correct driver usage. Having an incorrect usage rating on your Legacy may be costing you.
Vocation impacts rates – Careers such as lawyers, business owners, and dentists tend to have higher premium rates in part from job stress and long work days. On the other hand, careers such as actors, students and performers get better rates.
Subaru Legacy insurance loss probability – Auto insurance companies use statistical claims data to help set a rate to offset losses. Models that the data determines to have higher loss trends will cost more for specific coverages. The table below shows the collected loss data for Subaru Legacy vehicles.
For each coverage category, the statistical loss for all vehicles as a whole is equal to 100. Values that are below 100 indicate a favorable loss history, while percentages above 100 indicate a higher chance of having a claim or statistically larger losses.
| Vehicle Make and Model | Collision | Property Damage | Comp | Personal Injury | Medical Payment | Bodily Injury |
|---|---|---|---|---|---|---|
| Subaru Legacy 4WD | 74 | 64 | 115 | 83 | 80 | 76 |
| Subaru Legacy with Eyesight 4WD | 71 | 52 | 122 | 71 |
Empty fields indicate not enough data collected
Data Source: iihs.org (Insurance Institute for Highway Safety) for 2013-2015 Model Years
Don’t I need to get advice from a local insurance agent?
Some people still like to buy from a local agent and that is a smart decision Insurance agents are trained to spot inefficiencies and give you someone to call. The biggest benefit of comparing auto insurance online is the fact that drivers can get cheap auto insurance rates but also keep your business local.
By using this simple form, your coverage information gets sent to agents in your area who can give free rate quotes and help you find cheaper coverage. It simplifies rate comparisons since you won’t have to visit any agencies because prices are sent straight to your inbox. If you wish to get a comparison quote from one company in particular, you just need to search and find their rate quote page and complete a quote there.
Finding the right insurer needs to be determined by more than just a cheap quote. Agents should be asked these questions:
- Do they have any clout with companies to ensure a fair claim settlement?
- Is the agent properly licensed in Louisiana?
- Are they actively involved in the community?
- Is the quote a firm price?
- Will you work with the agent or an assistant?
- How are they compensated?
- Does the agency have a good rating with the Better Business Bureau?
- How many companies do they write for?
If you need to find a local New Orleans insurance agent, it’s helpful to know the types of insurance agents to choose from. Insurance agencies in New Orleans are categorized either independent or exclusive depending on the company they work for. Both sell affordable auto insurance policies, but it’s good to learn the difference in the companies they write for because it may have an impact on the type of agent you choose.
Exclusive Agents
Agents that choose to be exclusive can usually just insure with one company like State Farm, Allstate and AAA. They are unable to provide other company’s prices so you need to shop around if the rates are high. Exclusive insurance agents are usually quite knowledgeable on their products and sales techniques and that allows them to sell at a higher price point.
Shown below is a short list of exclusive insurance agencies in New Orleans that can give you price quote information.
Allstate Insurance: Paul Scaffidi
720 Harrison Ave c – New Orleans, LA 70124 – (504) 822-8007 – View Map
Randy Bordlee – State Farm Insurance Agent
4650 General De Gaulle Dr #102 – New Orleans, LA 70131 – (504) 392-9300 – View Map
Reggie Glass – State Farm Insurance Agent
3800 Elysian Fields Ave – New Orleans, LA 70122 – (504) 944-4444 – View Map
Independent Auto Insurance Agencies
Independent insurance agents are not locked into one company so they can insure your vehicles with a variety of different insurance companies and find the cheapest rate. If they quote lower rates, the business is moved internally and you don’t have to switch agencies.
If you are comparing rate quotes, you need to compare prices from a few independent agents to get the most accurate price comparison.
The following are New Orleans independent agencies that are able to give rate quotes.
J Everett Eaves
650 Poydras St # 1500 – New Orleans, LA 70130 – (504) 581-5353 – View Map
Murphy Insurance LLC
2107 Soniat St – New Orleans, LA 70115 – (504) 899-8010 – View Map
Southern Insurance Agency, LLC
725 Magazine St E – New Orleans, LA 70130 – (504) 528-9242 – View Map
Best auto insurance company in New Orleans
Picking a good quality auto insurance company can be rather challenging considering how many different companies there are to choose from in Louisiana. The rank data shown next could help you select which coverage providers you want to consider when comparing rates.
Top 10 New Orleans Car Insurance Companies Ranked by Value
- Mercury Insurance
- Travelers
- American Family
- AAA Insurance
- Safeco Insurance
- Progressive
- The Hartford
- The General
- 21st Century
- Esurance
Get the best coverage at the best price
Affordable Subaru Legacy insurance in New Orleans is attainable from both online companies and from local insurance agents, so you should be comparing quotes from both so you have a total pricing picture. Some insurance providers may not offer internet price quotes and most of the time these smaller companies prefer to sell through independent agents.
When shopping online for car insurance, do not buy less coverage just to save a little money. There are many occasions where an insured dropped collision coverage and learned later they didn’t purchase enough coverage. Your objective should be to buy enough coverage at the best price.
More resources
- What does Personal Injury Protection (PIP) Cover? (Allstate)
- Who Has Cheap Car Insurance Quotes for a Hyundai Elantra in New Orleans? (FAQ)
- What Auto Insurance is Cheapest for a Mazda CX-7 in New Orleans? (FAQ)
- Who Has Affordable Car Insurance Rates for a 20 Year Old Male in New Orleans? (FAQ)
- How to Avoid Staged Accidents (State Farm)
- Things to Know Before you Cancel Insurance (Allstate)
- What are my Rights when Filing a Claim? (Insurance Information Institute)