Cheapest car insurance companies in New Orleans 

A recent data analysis by Insurance.com found the cheapest car insurance companies are Southern Farm Bureau and Farmers in New Orleans for 2023. 

Southern Farm Bureau has the cheapest car insurance rates in New Orleans at an average cost of $3,083 per year.

In New Orleans, what you pay for car insurance depends on factors such as your location, driving history, coverage level, and the insurance carrier. Take time to compare price quotes from at least three insurers to get the best coverage at an affordable rate. The table below shows the car insurance companies with cheap insurance rates. 

CompaniesAverage annual rates
USAA$2,499
Southern Farm Bureau$3,083
Farmers$3,562
Progressive$3,793
Geico$3,941

Cheapest car insurance cost in New Orleans by Age Group 

USAA is the cheapest option for car insurance in New Orleans for teen drivers, with average annual premiums at just $6,515 annually. Teenagers face high insurance costs due to inexperience and higher accident rates.

Teens can maintain lower car insurance premiums by leveraging the good student discount or by remaining on their parent’s existing policy as long as feasible.

When compared to other car insurance companies, USAA turned out to be the cheapest car insurance company for young drivers in New Orleans, offering full coverage at an annual average cost of $3,660.

You'll find that car insurance rates are much lower by the time drivers reach their 30s than they are for drivers in their 20s. The cheapest auto insurance company for adult drivers in New Orleans is USAA. Its average rate for a full coverage car insurance policy is $2,535 per year

If you are a senior driver in New Orleans and looking for a cheap car insurance company, then consider buying insurance from USAA. It is the cheapest auto insurance company for senior drivers, with an average premium of $2,607 per year

CompanyTeensYoung AdultsAdultsSeniors
ProgressiveN/A$5,815$3,928$3,813
USAA$6,515$3,660$2,535$2,607
Southern Farm Bureau$6,784$4,602$3,245$3,440
Farmers$8,638$5,893$3,517$3,329
Geico$9,221$5,974$3,967$3,711
State Farm$13,205$7,803N/AN/A
Safeway Insurance$13,607$6,804N/A$4,037
LA Farm Bureau$13,933N/AN/AN/A

Cheapest car insurance companies in New Orleans by driver profile 

When determining car insurance rates in New Orleans, insurers consider multiple factors, including the driver's profile. Individuals with a clean driving record enjoy substantially lower premiums than drivers with a history of accidents or traffic citations.

It's important to compare insurance quotes from at least three carriers to find the cheapest insurance company in New Orleans that suits your budget. 

Here are some of the cheapest car insurance companies in New Orleans based on driver profile. 

The cheapest car insurance company for a driver with poor credit is USAA. It offers auto insurance for New Orleans drivers at about $3,778 per year

Below is a list of carriers that offer car insurance at an affordable rate for drivers with poor or less-than-perfect credit scores. 

CompanyAverage annual rates
USAA$3,778
Progressive$8,614
Geico$9,348
State Farm$16,720

Based on recent data analysis, 30-year-old drivers in New Orleans with speeding tickets on their driving record can get the cheapest car insurance rates from USAA at an annual cost of $2,936.

Remember that the cheapest car insurance company for you may not be the cheapest company for someone else. Ensure you compare car insurance quotes from various carriers to secure the most favorable deal. This way, you can find the insurance company that offers the best rates and coverage for your specific needs. 

CompanyAverage annual premium
USAA$2,936
State Farm$3,893
Progressive$6,172
Geico$10,726

USAA is the cheapest auto insurance provider for drivers with a history of accidents. Its average annual rate for a driver with an at-fault accident in New Orleans is $3,812. If you've had an accident in the past, it's important to find a provider that offers rates that are affordable and won't hurt your pocket. 

CompanyAverage annual rates
USAA$3,812
State Farm$4,134
Progressive$8,528
Geico$11,537

Among the carriers analyzed, State Farm offers the cheapest auto insurance premiums for drivers with a DUI in New Orleans. On average, its annual full coverage rate is $3,893, making it a significantly cheaper option than other insurance providers.

If you are convicted of a DUI, your auto insurance rates are likely to go up. To obtain the best possible offer, it is essential to compare car insurance quotes from multiple carriers. 

CompanyAverage annual rates
State Farm$3,893
USAA$3,926
Progressive$8,102
Geico$12,917

Average car insurance cost in New Orleans 

In New Orleans, the annual cost of car insurance for the coverage level of 100/300/100 is $2,949 or around $246 per month. However, the average yearly rate for state minimum coverage in New Orleans is $795.

Choosing full coverage insurance may mean a higher policy cost compared to the state minimum, but it offers better protection. It provides liability coverage as well as

Average annual RatesState minimum average
$2,949$795

Methodology

Insurance.com commissioned 2023 data for the cheapest car insurance rates in cities from Quadrant Data Services for all 50 states and Washington D.C. Rates are based on the following profile:

  • 40-year-old male driver
  • Honda Accord LX
  • 12-mile daily commute, 10,000 annual miles
  • Good credit
  • Clean record

While the rates for drivers with poor credit, speeding tickets, DUI and at-fault accidents were sourced from the Auto Problems Report 2023.

Rates are based on coverage limits of:

  • $100,000 bodily injury per person
  • $300,000 bodily injury per accident
  • $100,000 property damage per accident
  • $500 comprehensive and collision deductible

Insurance.com analyzed rates from over 34,000 ZIP codes, 56 million quotes, and 136 companies. Based on the analysis, we have created lists of the cheapest companies for different driver profiles. USAA also made it to the list, but it offers services only to current and former military members and their families. Rates sourced from Quadrant Data Services for comparison purposes only; your rates may differ.

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