Southern Farm Bureau offers the cheapest auto insurance rates in Louisiana at about $1,478 a year or $123 monthly, on average, which is below the average Louisiana car insurance rate of $2,487 a year.
Cheap isn’t everything, and an Insurance.com analysis of rates, complaints, and financial stability found Geico to be the best insurance company in Louisiana.
Many factors go into your insurance premium. Insurance companies use your driving record, the type of car you drive, and the coverage you select to determine your average annual car insurance cost.
Read on to compare Louisiana insurance rates by company, age, and more.
Key takeaways
- Geico is the best car insurance company in Louisiana overall, with below-average rates and a low complaint ratio.
- Southern Farm Bureau is the cheapest car insurance company in Louisiana at $1,478 per year.
- Southern Farm Bureay has the cheapest car insurance rates for teen drivers in Louisiana.
Average cost of car insurance in Louisiana
The average car insurance rate in Louisiana is $2,487 a year for a full coverage policy with a coverage level of 100/300/100 for a driver age 40, according to a rate analysis by Insurance.com. For the state minimum coverage, the average annual cost in Louisiana is $623.
Best car insurance companies in Louisiana
Geico is the best car insurance company in Louisiana, based on a 2023 analysis by Insurance.com, with an overall rating of 4.28.
USAA came in second, but is only available to military members and their families.
Below is a full list of the top Louisiana insurance companies based on price, NAIC complaint ratio, and AM Best financial ratings. The total Insurance.com score is calculated out of five using these factors.
| Insurance company | AM Best | Average annual rate | NAIC Complaint ratio | Insurance.com score |
|---|---|---|---|---|
| USAA | A++ | $ 1,676 | 0.99 | 4.44 |
| Geico | A++ | $ 2,239 | 0.77 | 4.28 |
| State Farm | A++ | $ 2,181 | 0.52 | 4.18 |
| Progressive | A+ | $ 3,026 | 0.73 | 3.57 |
| Auto Club Enterprises (AAA) | A+ | $ 4,002 | 0.92 | 2.9 |
USAA offers car insurance only to military members, veterans and their families.
Cheapest car insurance companies in Louisiana
Don't just go with the first insurer you come across. Comparison shopping is the key when it comes to finding the best deal on auto insurance. Get quotes from several different insurers and compare their rates. You may be surprised at how much difference there can be in rates from one company to another.
We have gathered price quotes from all the major insurance providers in Louisiana and put together a list of the cheapest car insurance companies. Based on a rate analysis by Insurance.com, Southern Farm Bureau is the cheapest auto insurance company in Louisiana, with average rates of $1,478 annually or $123 a month, on average, for full coverage.
| Company | State minimum | 50/100/50 liability only | 100/300/100 liability with $500 comp/coll deductible |
|---|---|---|---|
| Southern Farm Bureau | $ 333 | $ 656 | $ 1,478 |
| USAA* | $ 484 | $ 803 | $ 1,676 |
| State Farm | $ 531 | $ 1,012 | $ 2,181 |
| Geico | $ 448 | $ 920 | $ 2,239 |
| Safeway Insurance | $ 1,075 | $ 1,509 | $ 2,810 |
| Progressive | $ 647 | $ 1,255 | $ 3,026 |
| Auto Club Enterprises (AAA) | $ 845 | $ 1,874 | $ 4,002 |
USAA offers car insurance only to military members, veterans and their families.
Auto insurance calculator
Average auto insurance rates in AlabamaMost & least expensive ZIP codes for auto insurance in
Most Expensive
| Zip Code | City | Highest Rate |
|---|
Least Expensive
| Zip Code | City | Lowest Rate |
|---|
Cheapest car insurance cost in Louisiana by age
In Louisiana, as in all states, car insurance rates are higher for teenagers due to their lack of experience on the road.
Southern Farm Bureau offers the cheapest car insurance for teen drivers in Louisiana at $3,499 per year for a full coverage policy.
Car insurance rates will decrease as teens age and keep a good driving record. Car insurance rates for adults 25+ and seniors 60+ are lower than those for teens and young adults.
In Louisiana, Southern Farm Bureau also offers the cheapest full coverage car insurance for adult and senior drivers at $1,606 per year and $1,652 per year, respectively.
| Age (group) | Company Group | Avg. Annual Premium |
|---|---|---|
| Teens (16-19) | Southern Farm Bureau | $ 3,499 |
| Teens (16-19) | USAA | $ 4,326 |
| Teens (16-19) | State Farm | $ 5,635 |
| Teens (16-19) | Geico | $ 6,757 |
| Teens (16-19) | Safeway Insurance | $ 6,802 |
| Teens (16-19) | Progressive | $ 16,915 |
| Teens (16-19) | Auto Club Enterprises (AAA) | $ 21,062 |
| Young Adults (20-24) | Southern Farm Bureau | $ 2,309 |
| Young Adults (20-24) | USAA | $ 2,446 |
| Young Adults (20-24) | State Farm | $ 3,374 |
| Young Adults (20-24) | Geico | $ 3,776 |
| Young Adults (20-24) | Safeway Insurance | $ 4,516 |
| Young Adults (20-24) | Progressive | $ 5,060 |
| Young Adults (20-24) | Auto Club Enterprises (AAA) | $ 7,279 |
| Adults (25-55) | Southern Farm Bureau | $ 1,606 |
| Adults (25-55) | USAA | $ 1,720 |
| Adults (25-55) | State Farm | $ 2,210 |
| Adults (25-55) | Geico | $ 2,523 |
| Adults (25-55) | Safeway Insurance | $ 2,833 |
| Adults (25-55) | Progressive | $ 3,140 |
| Adults (25-55) | Auto Club Enterprises (AAA) | $ 4,095 |
| Seniors (60-75) | Southern Farm Bureau | $ 1,652 |
| Seniors (60-75) | USAA | $ 1,698 |
| Seniors (60-75) | State Farm | $ 2,161 |
| Seniors (60-75) | Geico | $ 2,237 |
| Seniors (60-75) | Safeway Insurance | $ 2,490 |
| Seniors (60-75) | Progressive | $ 3,064 |
| Seniors (60-75) | Auto Club Enterprises (AAA) | $ 4,291 |
USAA offers car insurance only to military members, veterans and their families.
Cheapest car insurance companies in Louisiana by driver profile
Drivers who have accidents or tickets are considered a higher risk and will pay more for car insurance.
The severity and frequency of the incidents also play a role in insurance rates. For instance, drivers with a single minor accident will see a smaller increase in their rates compared to those with multiple major accidents.
Below are average Louisiana rates by company for drivers with accidents and tickets on their driving record.
| Company | Clean record | Accident | Ticket |
|---|---|---|---|
| USAA* | $ 1,730 | $ 2,579 | $ 2,198 |
| State Farm | $ 2,270 | $ 2,580 | $ 2,425 |
| Progressive | $ 3,020 | $ 5,399 | $ 3,959 |
| Auto Club Enterprises | $ 4,094 | $ 6,285 | $ 5,518 |
| Geico | $ 4,492 | $ 8,505 | $ 6,515 |
*USAA offers car insurance only to military members, veterans and their families.
Methodology
Insurance.com commissioned Quadrant Information Services in 2022 to field rates from up to six major insurers in every state across most ZIP codes. Driver profile: male, age 40, driving 2021 Honda Accord LX with full coverage of 100/300/100 with comprehensive and collision; $500 deductible.
The car insurance rates for drivers with accidents and tickets are averaged based on rates for the following accidents and tickets:
Accidents:
- 1 at-fault property damage accident over $2k
- 1 at-fault property damage accident under $2k
- At-fault bodily injury accident
- Single vehicle accident
Tickets:
- Distracted driving ticket
- Speeding ticket 1- 10 MPH over limit
- Speeding ticket 11- 29 MPH over limit
- Talking on cellphone ticket
- Texting ticket
Insurance.com analyzed rates from more than 34,000 ZIP codes, 56 million quotes, and 136 companies. Rates sourced from Quadrant Data Services are for comparison purposes only; your rates may differ.
