Who Has Cheap Insurance Quotes for Drivers with Good Credit in Louisiana?

This article would sure be shorter if we could tell you the single company that has the cheapest rate quotes in Louisiana. It’s just not that easy, however, as there are many unknown elements such as what coverage limits you need, the crime level of your neighborhood, the safety features built into your vehicle, and if you own the home you live in, that all influence how much you pay for auto insurance. The content below will cover the different ways you can keep rates low and hopefully give you enough understanding to have some help in finding cheaper rates.

Everyone has different tastes in autos, and the style of vehicle needing coverage is one of the largest considerations when shopping for the cheapest coverage for drivers with good credit. Vehicles with higher performance characteristics, poor safety ratings, or a high likelihood of having liability claims will cost more to insure than more economical and safe models. The data below presents coverage prices for a number of the cheaper automobiles to insure.

Table data represents single male driver age 50, no speeding tickets, no at-fault accidents, $500 deductibles, and Louisiana minimum liability limits. Discounts applied include multi-vehicle, homeowner, safe-driver, claim-free, and multi-policy. Price estimates do not factor in zip code location which can impact premiums significantly.

Data assumes single male driver age 50, no speeding tickets, no at-fault accidents, $500 deductibles, and Louisiana minimum liability limits. Discounts applied include multi-vehicle, multi-policy, homeowner, claim-free, and safe-driver. Price information does not factor in Louisiana location which can affect coverage prices greatly.

Table data represents single male driver age 50, no speeding tickets, no at-fault accidents, $500 deductibles, and Louisiana minimum liability limits. Discounts applied include safe-driver, homeowner, multi-vehicle, multi-policy, and claim-free. Price information does not factor in your specific Louisiana location which can change coverage prices considerably.

Establishing which companies offer the cheapest car insurance rates for drivers with good credit involves a little more sweat than just getting one or two price quotes. Every car insurance company has a different formula to determine premium rates, so let’s examine the car insurance companies that tend to be cheaper in Louisiana.

Best Auto Insurance Prices for High Credit

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USAA may have some of the most affordable car insurance rates in Louisiana at around $1,626 a year. GEICO, MetLife, Progressive, and Safeway also rank well as some of the more affordable Louisiana car insurance companies.

As illustrated above, if you are a policyholder with GEICO and switched to USAA, you could realize savings of in the neighborhood of $281. Insureds with MetLife might save as much as $284 a year, and Progressive insureds might reduce rates by $379 a year.

If you want to see how much you could save, click here to start your custom quote or visit any of the low-priced companies below.

Be aware that those premiums are averages for all insureds and vehicles and are not factoring in a rate discount for drivers with good credit. So the car insurance company that has the cheapest price for you may not even be included in the company chart above. That emphasizes why you need to get rate quotes using your own driver and vehicle profiles.

When buying insurance for financially responsible drivers, one of the key components that help determine the cost of insurance is where your car is garaged. Cities with larger populations or higher claim trends like New Orleans, Harvey, and Kenner likely pay more, whereas areas that are not as densely populated benefit from lower coverage costs.

The next table rates the priciest cities in Louisiana for drivers with good credit to purchase car insurance in.

Table data uses estimated as the specific zip code location can decrease or increase price quotes substantially.

Accidents and violations increase rates

In a perfect world, the ideal way to earn affordable car insurance premiums for financially responsible drivers is to be a careful driver and not receive tickets or have accidents. The illustration below shows how traffic citations and accident claims can increase premium costs for different categories of driver ages. Data assumes a married female driver, full coverage, $1,000 deductibles, and no policy discounts are applied.

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In the previous chart, the average cost of a car insurance policy in Louisiana per year with no accidents and a clean driving record is $2,008. Get one speeding ticket and the average cost hikes up to $2,349, an increase of $341 each year. Next add two accidents along with the one speeding ticket and the 12-month cost of car insurance for drivers with good credit jumps again to an average of $5,528. That’s an increase of $3,520, or $293 per month, just for not being a responsible driver!

The chart below shows how choosing a deductible can change insurance costs when quoting cheap insurance for drivers with good credit. The information is based on a single male driver, comprehensive and collision coverage, and no additional discounts are factored in.

google.charts.setOnLoadCallback(drawDfdqcibChart);function drawDfdqcibChart() {var data = google.visualization.arrayToDataTable([[‘Age of Insured’, ‘$100 Deductible’,’$250 Deductible’,’$500 Deductible’,’$1,000 Deductible’],[‘Age 20’, 4553,4151,3713,3299],[‘Age 30’, 2363,2175,1955,1743],[‘Age 40’, 2339,2141,1911,1693],[‘Age 50’, 2127,1949,1745,1551],[‘Age 60’, 2055,1883,1689,1503],[‘Age 70’, 2491,2297,2079,1873]]);var options = {title: ‘Effect of Higher Deductibles on Insurance Rates in Louisiana’,titleTextStyle: {color: ‘#333’,fontSize: 17,bold: true},width: ‘100%’,height: 700,’chartArea’: {left:100,top:50,’width’: ‘100%’,’height’: ‘80%’},legend: {position: ‘bottom’,textStyle: {fontSize: 12}},bar: {groupWidth: ‘80%’},colors: [‘#6791b9′,’#75a8d8′,’#98bee2′,’#bad4ec’],hAxis: {title: ‘Annual Auto Insurance Cost for Average Vehicle’,minValue: 0,format: ‘$###,###’},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);}

In the chart above, a 40-year-old driver could cut expenses by $382 a year by changing from a $100 deductible up to a $500 deductible, or save $576 by changing to a $1,000 deductible. Even younger drivers, like the age 20 example, could reduce their rates up to $1,254 each year by choosing larger deductibles on their policy.

When using a larger deductible, it is important to have spare funds to enable you to pay the extra out-of-pocket expense, which is the one inconvenience of using high deductibles.

How to get cheap insurance for drivers with good credit in Louisiana

Here are many penny-pinching solutions that can help Louisiana drivers find the cheapest coverage.

• Serious violations like DUI or reckless driving can increase rates dramatically
• Save money by insuring older vehicles for liability only
• Better credit rating means better rates
• Lower rates by purchasing a safer vehicle
• Maintain a safe distance and avoid accidents
• Raise your deductibles
• Shop around and save

That last tip is certainly valuable, as we stressed in this article. Rates adjust frequently, so don’t hesitate to buy from a different company if a better rate can be found. Brand loyalty is not necessarily bad, but is isn’t recommended if that devotedness results in you overpaying a lot of money every month. If you have a few minutes, compare prices and find cheaper insurance for drivers with good credit.

Cheapest insurance quotes for financially responsible drivers

Thanks to the internet, there are a lot of ways to compare car insurance quotes in Louisiana, but the most popular are either through an independent insurance agent, an exclusive insurance agent such as Allstate or Liberty Mutual, or direct online or over the phone from a company like Geico or Progressive.

Each way is similar, but it’s important to point out the distinctions in how they function.

Independent agents have contracts with many companies and can provide price quotes from every one. Independent agents are not employed by only one company and can provide multiple price quotes, which can help you get the best chance of saving money. If prices rise, they can switch companies in-house without having to get a different agent.

Exclusive agencies are restricted to quoting rates for a single company, two examples being Allstate and Liberty Mutual agents. Exclusive agents are unable to provide a range of price quotes, so it’s a good idea to shop around.

Opting to purchase car insurance direct means you bypass an exlusive or independent agent and instead buy from a direct company like Progressive. Shopping for car insurance direct may be the best choice people who do not need advice for risk management and have a decent understanding of what is covered and what is not.

Out of those three methods, which one works best to buy cheap insurance for drivers with good credit in Louisiana? The majority of car insurance shoppers assume that buying direct saves the most money since there is no need to pay agent commissions, but in reality, that argument does not hold true. And we’d like to say using an independent agent guarantees the lowest rates due to more options, but again, that’s not accurate. In many cases, exclusive agents have extremely competitive rates that are the cheapest.

Due to the fact that car insurance rates vary so much, the best method to make sure you’re not overpaying for car insurance is to do a thorough rate comparison. We highly recommend getting prices from all three in order to have the best selection to choose from. We compiled a list of companies with some of the cheapest online rates that you can click here to view.