Cheap Car Insurance Quotes for High Risk Drivers in Louisiana

You have surely seen all the catchy commercials from companies like GEICO and Allstate that make claims of dirt cheap rates, so drivers should just pick one at random, right?

That is not the case, however, as there are a whole slew of unknown elements such as what coverage limits you want, your credit rating, your choice of physical damage deductibles, and if you own the home you live in, that all impact the cost of your policy. This article will cover the types of situations that result in high rates and will give you a good beginning to your search for cheaper coverage.

The model of vehicle that needs insurance is a significant factor that determines if you can find the most economical insurance for high risk drivers. Vehicles with higher performance characteristics, poor crash test ratings, or a high likelihood of having liability claims will cost much more to insure than safer, lower-performance models.

The information below showcases coverage prices for a selection of the most affordable automobiles to buy coverage for.

Data rating is based on married female driver age 40, two speeding tickets, two at-fault accidents, $1000 deductibles, and Louisiana minimum liability limits. Discounts applied include multi-policy, multi-vehicle, and homeowner. Information does not factor in specific zip code location which can influence auto insurance rates significantly.

Data based on married female driver age 40, two speeding tickets, two at-fault accidents, $1000 deductibles, and Louisiana minimum liability limits. Discounts applied include multi-vehicle, homeowner, and multi-policy. Rate information does not factor in Louisiana location which can revise coverage rates substantially.

Data based on married female driver age 40, two speeding tickets, two at-fault accidents, $1000 deductibles, and Louisiana minimum liability limits. Discounts applied include multi-policy, homeowner, and multi-vehicle. Table data does not factor in specific Louisiana garaging location which can influence price quotes substantially.

When shopping for cheaper car insurance for high risk drivers, one of the many things that help determine the policy price is where you keep your car. Areas with increased crime or more people like New Orleans, Terrytown, and Kenner are more likely to pay higher prices, whereas areas with lower crime rates and fewer weather claims tend to receive slightly lower rates.

The next table rates the higher priced cities in Louisiana for high risk drivers in which to purchase auto insurance.

Information shown are approximated as the specific zip code location can impact coverage rates significantly.

Comparing rates for low-cost auto insurance is not the easiest thing to do, and determining which companies offer the cheapest auto insurance rates for high risk drivers requires even more rate comparisons. Premiums will most likely be quite a bit pricier than the average price in Louisiana, with the increase attributed to the added risk that comes with selling coverage for high risk drivers, but competitive insurance may be available if you compare enough companies. Every insurance provider has their own formula to determine rates, so let’s take a look at the auto insurance companies with the overall cheapest rates in Louisiana.

It’s important to understand that Louisiana auto insurance rates are impacted by many factors that may substantially change the price you have to pay. This price variability is why Louisiana drivers need to spend some time comparing rates to get affordable car insurance quotes for high risk drivers. Insurance prices consist of many things and change dramatically, so the cheapest rate the last time you shopped your coverage around may now be quite expensive.

Best Auto Insurance Prices for Risky Drivers

Compare Rates and Save

USAA may have some of the most affordable car insurance rates in Louisiana at around $1,626 per year. MetLife, GEICO, Progressive, and Safeway are also some of the cheapest Louisiana car insurance companies.

As shown in the rates above, if you are insured with MetLife and switched to USAA, you might realize savings of approxmiately $210. Louisiana drivers with GEICO may save as much as $339 a year, and Progressive customers might reduce prices by as much as $360 a year.

Be aware that those prices are averaged across all types of drivers and the different vehicles they drive and do not take into consideration a price surcharge for high risk drivers. So the car insurance company that can offer you the best price may not even be shown in the list above. That points out the importance of why you need to compare prices as often as possible using your own driver information and specific vehicle type.

The diagram below illustrates how your deductible choice can increase or decrease annual premium costs when quoting cheap insurance for high risk drivers. The prices are based on a married female driver, comprehensive and collision coverage, and no policy discounts are applied.

google.charts.setOnLoadCallback(drawDfdqcibChart);function drawDfdqcibChart() {var data = google.visualization.arrayToDataTable([[‘Age of Insured’, ‘$100 Deductible’,’$250 Deductible’,’$500 Deductible’,’$1,000 Deductible’],[‘Age 20’, 2925,2683,2403,2137],[‘Age 30’, 2053,1875,1671,1475],[‘Age 40’, 2025,1851,1655,1467],[‘Age 50’, 1773,1627,1457,1295],[‘Age 60’, 1691,1549,1385,1227],[‘Age 70’, 1815,1663,1493,1335]]);var options = {title: ‘Effect of Higher Deductibles on Insurance Rates in Louisiana’,titleTextStyle: {color: ‘#333’,fontSize: 17,bold: true},width: ‘100%’,height: 700,’chartArea’: {left:100,top:50,’width’: ‘100%’,’height’: ‘80%’},legend: {position: ‘bottom’,textStyle: {fontSize: 12}},bar: {groupWidth: ‘80%’},colors: [‘#6791b9′,’#75a8d8′,’#98bee2′,’#bad4ec’],hAxis: {title: ‘Annual Auto Insurance Cost for Average Vehicle’,minValue: 0,format: ‘$###,###’},vAxis: {title: ‘Age of Insured’}};var formatter = new google.visualization.NumberFormat({fractionDigits: 0,prefix: ‘$’});formatter.format(data,1);formatter.format(data,2);formatter.format(data,3);formatter.format(data,4);var chart = new google.visualization.BarChart(document.getElementById(‘qcibdfd’));chart.draw(data, options);}

As shown above, a 40-year-old driver could save $316 a year by changing from a $100 deductible to a $500 deductible, or save $478 by switching to a $1,000 deductible. Even younger drivers, such as the 20-year-old chart data, can cut $788 or more by selecting a higher deductible. When using a larger deductible, it will be necessary to have spare funds to enable you to pay the extra out-of-pocket expense, which is the main inconvenience of larger deductibles.

Safe drivers pay cheaper rates

The easiest method to maintain the cheapest auto insurance rates in Louisiana for high risk drivers is to be a cautious driver and avoid accidents and violations. The illustration below highlights how speeding tickets and fender-benders raise yearly insurance costs for different age groups. The price estimates are based on a single male driver, comprehensive and collision coverage, $100 deductibles, and no other discounts are factored in.

google.charts.setOnLoadCallback(drawVioqcibChart);function drawVioqcibChart() {var data = google.visualization.arrayToDataTable([[‘Age of Insured’, ‘No Violations or Accidents’, ‘Two Speeding Tickets and No Accidents’, ‘Two Speeding Tickets and One Accident’],[‘Age 20’, 4553,5423,6297],[‘Age 30’, 2363,3233,4107],[‘Age 40’, 2339,3211,4081],[‘Age 50’, 2127,2999,3869],[‘Age 60’, 2055,2927,3797],[‘Age 70’, 2491,3361,4235]]);var options = {title: ‘Effect of Tickets and Accidents on Louisiana Car Insurance Rates’,titleTextStyle: {color: ‘#333’, fontSize: 17, bold: true},width: ‘100%’,height: 600,’chartArea’: {left:100,top:50,’width’: ‘100%’, ‘height’: ‘70%’},legend: {position: ‘bottom’,textStyle: {fontSize: 12}},colors:[‘#b2da64′,’#eed355′,’#e39e71’],hAxis: {title: ‘Annual Auto Insurance Cost for Average Vehicle in Louisiana’,minValue: 0,format: ‘$###,###’},vAxis: {title: ‘Age of Insured’}};var formatter = new google.visualization.NumberFormat({fractionDigits: 0,prefix: ‘$’});formatter.format(data,1);formatter.format(data,2);formatter.format(data,3);var chart = new google.visualization.BarChart(document.getElementById(‘qcibvio’));chart.draw(data, options);}

In the previous chart, the average cost of a car insurance policy in Louisiana per year with no accidents or violations is $2,655. Get written up for two speeding tickets and the average cost surges to $3,526, an increase of $871 each year. Now add in one accident along with the two speeding tickets and the annual cost of auto insurance for high risk drivers goes up to an average of $4,398. That’s an increase of $1,743, or $145 per month, just for not keeping your driving record clean!