How Much Does Auto Insurance Cost for Low Mileage Drivers in Louisiana?

Wouldn’t it be nice if you could just know that one perfect company that has the most affordable coverage for low mileage drivers? It’s just not that easy, however, as there are many unknowns like whether or not you are currently insured, the performance level of your vehicle, and if you own your own home. We will try to teach you about the best ways to pay less and hopefully give you enough understanding to have a good start to your coverage search.

When shopping for the cheapest car insurance for infrequent drivers, one of the many considerations that car insurance companies use to determine car insurance rates is your zip code in Louisiana. Areas with more people or even just a higher incidence of claims like New Orleans, Marrero, and Baton Rouge tend to have higher auto insurance costs, whereas areas with less traffic congestion and claims profit from lower rates.

The information below lists the priciest cities in Louisiana for low mileage drivers to buy an auto insurance policy in.

Premium amounts are estimated as vehicle location can alter coverage rates considerably.

Performance level and cost of the vehicle needing coverage is one of the main factors when looking for cheap auto insurance for low mileage drivers in Louisiana. Vehicles with reasonable performance levels, an excellent safety record, or a positive history of liability claims will cost significantly less to insure than higher performance models.

The tables below estimates insurance rates for some of the cheaper automobiles to insure.

Prices above based on married male driver age 40, no speeding tickets, no at-fault accidents, $500 deductibles, and Louisiana minimum liability limits. Discounts applied include homeowner, claim-free, multi-vehicle, multi-policy, and safe-driver. Premium amounts do not factor in specific zip code location which can affect insurance rates greatly.

Data assumes married male driver age 40, no speeding tickets, no at-fault accidents, $500 deductibles, and Louisiana minimum liability limits. Discounts applied include safe-driver, homeowner, claim-free, multi-vehicle, and multi-policy. Premium amounts do not factor in specific zip code location which can raise or lower auto insurance rates substantially.

Table data represents married male driver age 40, no speeding tickets, no at-fault accidents, $500 deductibles, and Louisiana minimum liability limits. Discounts applied include safe-driver, multi-vehicle, claim-free, homeowner, and multi-policy. Price information does not factor in your specific Louisiana location which can change insurance rates substantially.

Impact of violations and accidents on rates in Louisiana

The recommended way to enjoy the best insurance rates for infrequent drivers is to be a good driver and avoid accidents and keep your driving record clean. The information below shows how speeding tickets and accident claims can raise auto insurance rates for different age groups. The premiums are based on a married female driver, full physical damage coverage, $500 deductibles, and no policy discounts are applied.

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The data charted above shows the average cost of car insurance in Louisiana per year with a clean driving record and no accidents is $1,677. Add in one speeding ticket and the average cost rises to $1,957, an increase of $279 each year. Now get two accidents along with the one speeding ticket and the annual cost of insurance for low mileage drivers increases to an average of $4,462. That’s an increase of $2,785, or $232 per month, just for being a less-than-perfect driver!

The example below highlights how deductible choice can raise or lower yearly insurance costs when getting quotes for cheap insurance for low mileage drivers. The premiums assume a married male driver, comprehensive and collision coverage, and no discounts are applied to the premium.

google.charts.setOnLoadCallback(drawDfdqcibChart);function drawDfdqcibChart() {var data = google.visualization.arrayToDataTable([[‘Age of Insured’, ‘$100 Deductible’,’$250 Deductible’,’$500 Deductible’,’$1,000 Deductible’],[‘Age 20’, 3931,3591,3213,2853],[‘Age 30’, 2065,1883,1673,1471],[‘Age 40’, 1983,1817,1623,1439],[‘Age 50’, 1813,1663,1491,1323],[‘Age 60’, 1777,1629,1459,1295],[‘Age 70’, 2039,1879,1699,1527]]);var options = {title: ‘Effect of Higher Deductibles on Auto Insurance Rates in Louisiana’,titleTextStyle: {color: ‘#333’,fontSize: 17,bold: true},width: ‘100%’,height: 700,’chartArea’: {left:100,top:50,’width’: ‘100%’,’height’: ‘80%’},legend: {position: ‘bottom’,textStyle: {fontSize: 12}},bar: {groupWidth: ‘80%’},colors: [‘#6791b9′,’#75a8d8′,’#98bee2′,’#bad4ec’],hAxis: {title: ‘Annual Auto Insurance Cost for Average Vehicle’,minValue: 0,format: ‘$###,###’},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);}

The data above shows that a 40-year-old driver could save $322 a year by switching the physical damage coverage from a $100 deductible to a $500 deductible, or save $490 by using a $1,000 deductible. Youthful drivers, such as the 20-year-old example, can cut up to $1,078 annually by using a higher deductible. If you make the decision to raise deductibles, it is essential to have emergency funds available to pay the extra out-of-pocket expense. This is the primary disadvantage of choosing high deductibles.