Cheapest car insurance companies in New Orleans
Southern Farm Bureau and Farmers have the cheapest car insurance premiums for New Orleans drivers in 2023, based on a data study by Insurance.com.
The car insurance company in New Orleans that provides the cheapest car insurance premiums is Southern Farm Bureau, with an average annual rate of $3,083 .
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.
| Companies | Average 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.
However, teen drivers can keep their insurance rates low by taking advantage of the good student discount or by staying on their parent's car insurance policy for as long as possible.
For young drivers in New Orleans, USAA has the cheapest auto insurance rates, with an average annual cost of $3,660 annually.
Drivers in New Orleans stepping into their 30s can expect a substantial drop in car insurance costs compared to their younger counterparts. USAA has the cheapest car insurance rates for a full coverage policy for adult drivers, averaging $2,535 a year.
USAA is the cheapest option for senior drivers in New Orleans, with an average premium of $2,607 a year, significantly lower than most competitors, based on Insurance.com's in-depth data analysis.
| Company | Teens | Young Adults | Adults | Seniors |
|---|---|---|---|---|
| Progressive | N/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 | $7,803 | N/A | N/A |
| Safeway Insurance | $13,607 | $6,804 | N/A | $4,037 |
| LA Farm Bureau | $13,933 | N/A | N/A | N/A |
Cheapest car insurance companies in New Orleans by driver profile
Insurers in New Orleans consider various factors, including driver profile, to calculate car insurance premiums. You can expect to pay significantly higher rates if you have a history of accidents or traffic citations on your driving record. On the other hand, those with a clean driving record enjoy more affordable coverage.
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's a list of car insurance companies that offer cheap insurance rates in New Orleans based on driver profile.
- Cheapest for a driver with poor credit: USAA
- Cheapest for a driver with a speeding ticket: USAA
- Cheapest for accident: USAA
- Cheapest for DUI: State Farm
Cheapest for a driver with poor credit: USAA
USAA has the cheapest rates for New Orleans drivers with poor credit looking for affordable auto insurance. At an annual cost of $3,778, USAA offers substantial savings among the insurers analyzed.
Drivers with poor or bad credit scores in New Orleans can consider the following car insurance companies to get the affordable car insurance coverage.
| Company | Average annual rates |
|---|---|
| USAA | $3,778 |
| Progressive | $8,614 |
| Geico | $9,348 |
| State Farm | $16,720 |
Cheapest for drivers with a speeding ticket: USAA
USAA offers the cheapest auto insurance rates for drivers with a speeding ticket in New Orleans. It offers full coverage car insurance for drivers aged 30 at about $2,936 per year.
Some companies are known for providing the cheapest car insurance rates, but finding the most affordable policy depends highly on individual factors.
Comparing quotes from various car insurance companies can prove beneficial for getting the best deal. With this, you can get the coverage you need at an affordable price.
| Company | Average annual premium |
|---|---|
| USAA | $2,936 |
| State Farm | $3,893 |
| Progressive | $6,172 |
| Geico | $10,726 |
Cheapest auto insurance after an at-fault accident: USAA
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.
| Company | Average annual rates |
|---|---|
| USAA | $3,812 |
| State Farm | $4,134 |
| Progressive | $8,528 |
| Geico | $11,537 |
Cheapest auto insurance after a DUI: State Farm
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.
A DUI conviction typically leads to a rise in your auto insurance costs. But if you shop around and compare quotes from various insurers, you can find a good deal on your insurance premiums.
| Company | Average 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.
You pay more for full coverage insurance than the state minimum, but it covers damage to your car besides providing coverage for other driver's vehicle. To lower your premium, consider comparing quotes from different companies.
| Average annual Rates | State 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.
