How Much are Car Insurance Quotes for Drivers Over Age 50 in Louisiana?

The words “affordable” and “insurance” really shouldn’t be used in the same sentence, especially when you are trying to find the best car insurance rates for drivers over age 50. Because it’s not cheap, let’s familiarize you with a few of the things that determine car insurance prices, and see how we can help you take the bite out of the next policy you buy.

Figuring out which company offers the cheapest auto insurance rates for drivers over age 50 may require a little more sweat in order to find the lowest price. Each insurance company has a unique approach to determine premium rates, so let’s look at the rankings for the most budget-friendly auto insurance companies in Louisiana.

It’s a good idea to be aware that Louisiana auto insurance rates are calculated based on many things which can substantially change your annual premium. Simply having another birthday, buying a home, or getting a ticket for running a stop sign can trigger rate changes that may make certain companies affordable when they were higher priced.

Cheapest Insurance Rates for Age 50+

Click Here to Start Your Quote

google.charts.setOnLoadCallback(drawLAT5qcibChart);function drawLAT5qcibChart() {var data = google.visualization.arrayToDataTable([[‘Company’, ‘Rate’, { role: ‘style’ }], [‘USAA’, 1594, ‘#F08550’], [‘GEICO’, 1887, ‘#C86E42’], [‘MetLife’, 1892, ‘#A65B37’], [‘Progressive’, 1986, ‘#8A4B2D’], [‘Safeway’, 2198, ‘#733E25’]]);var options = {title: ‘Low-Cost Car Insurance Companies in Louisiana’,titleTextStyle: {color: ‘#333’, fontSize: 17, bold: true},width: ‘100%’,height: 300,’chartArea’: {left:0,top:50,’width’: ‘100%’, ‘height’: ‘70%’},bar: {groupWidth: “90%”},legend: {position: ‘none’},vAxis: {viewWindowMode:’explicit’,viewWindow:{max:2298,min:0}}};var formatter = new google.visualization.NumberFormat({fractionDigits: 0,prefix: ‘$’});var view = new google.visualization.DataView(data);view.setColumns([0, 1,{ calc: “stringify”,sourceColumn: 1,type: “string”,role: “annotation” },2]);formatter.format(data,1);formatter.format(data,2);var chart = new google.visualization.ColumnChart(document.getElementById(‘qcibt5cic’));chart.draw(view, options);}

USAA generally has some of the lowest car insurance rates in Louisiana at around $1,594 a year. GEICO, MetLife, Progressive, and Safeway also rank well as some of the most economical Louisiana car insurance companies.

As shown in the rates above, if you are a customer of MetLife and switched to USAA, you may see yearly savings of roughly $298. Policyholders with Progressive could save as much as $392 a year, and Safeway policyholders might realize rate reductions of up to $604 a year.

These premium estimates are averages across all insureds and vehicles and do not take into consideration a price discount for drivers over age 50. So the car insurance company that has the cheapest price for you may not even be included in the list above. That emphasizes why you need to get quotes using your own personalized driver profile and vehicle information.

For older drivers, one of the big components that establish the price you pay for insurance is where your home is located. Areas with increased crime or more people like New Orleans, Marrero, and Metairie likely pay more, whereas less populated areas generally benefit from lower car insurance rates.

The table below sorts the more expensive cities in Louisiana for drivers over age 50 in which to buy car insurance.

Rate information is approximated as the garaging address in Louisiana can decrease or increase price quotes significantly.

The vehicle on the policy is a large factor when comparison shopping for low-cost coverage for drivers over age 50. Vehicles with high performance engines, a lack of safety features, or a high likelihood of having liability claims will cost quite a bit more to insure than more modest models. The next table shows auto insurance premiums for a selection of the most budget-friendly automobiles to insure.

Cost estimates assume married male driver age 50, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Louisiana minimum liability limits. Discounts applied include multi-policy, claim-free, homeowner, safe-driver, and multi-vehicle. Prices do not factor in zip code location which can revise prices substantially.

Based upon these rates, vehicles like the Honda CR-V, Hyundai Elantra, Ford Escape, and Chevrolet Traverse will definitely be the most economical vehicles to insure for older drivers.

Ending up with a highly-rated insurance company can be difficult considering how many companies sell insurance in Louisiana. The ranking data displayed below could help you analyze which companies you want to consider purchasing coverage from. These ratings are only comprised of insurance companies that insure vehicles in the majority of U.S. states, so smaller companies that only insure vehicles in Louisiana are not taken into consideration for the list.

Top 10 Large Car Insurance Companies in Louisiana Ranked by Customer Service

1. USAA
2. Safeco Insurance
3. AAA Insurance
4. State Farm
5. Progressive
6. The Hartford
7. The General
8. Esurance
9. GEICO
10. Liberty Mutual

Top 10 Large Car Insurance Companies in Louisiana Ranked by Customer Satisfaction

1. USAA – 91%
2. AAA Insurance – 90%
3. Esurance – 90%
4. Progressive – 88%
5. Safeco Insurance – 88%
6. State Farm – 88%
7. Allstate – 88%
8. The Hartford – 87%
9. GEICO – 87%
10. Farmers Insurance – 84%

Cheapest car insurance: Geico, Allstate, Progressive, or State Farm

When researching car insurance for older drivers, four companies to consider are Geico, Allstate, Progressive, and State Farm. If you add them together, they insure nearly half of the car insurance market in the United States. They all offer slightly different coverage options that may influence your buying decision. The next table ranks pricing and service ratings, as well as optional policy coverages that policyholders can buy.

Who has the cheapest insurance quotes for older drivers?

There are many different ways to compare auto insurance prices in Louisiana, but the most popular ways are from an exclusive insurance agency such as Liberty Mutual or State Farm, an independent insurance agent, or buying direct from a company like Progressive or Geico. They all have the same end result, but they differ slightly in how they function.

Independent agencies work for many companies and can compare coverage rates with each one. These types of agencies are appointed with more than one company and can give you more rates, which can give you the best chance of saving money. If your agent finds better pricing, they can switch companies in-house and you don’t have to find a new agent.

A captive or exclusive agent is restricted to quoting rates for just one company, two examples are Liberty Mutual and Allstate agents. Exclusive agents cannot provide rates from more than one company, so they really need to provide good service.

Drivers who opt to buy auto insurance direct skip local insurance agents and instead buy direct from companies such as Esurance or Geico. Shopping for auto insurance direct may be good for drivers who do not need risk management and have some degree of understanding of what coverages, limits, and deductibles they need.

What is the best way to find cheap insurance for drivers over age 50 in Louisiana? The quick answer would be buying from a direct car insurance company saves money because there isn’t an agent involved, but unfortunately, that is not the case. And we’d like to say buying auto insurance from an independent agent is the best way to save because you have more choices, but that assumption is also not accurate. For some people, exclusive agencies may have very competitive prices that independents and direct companies can’t touch.

Because there are so many factors that make up auto insurance rates, the only true way to find out which one is cheapest is to get quotes and compare. Set aside the time to get price quotes from all three to have the best rate selection. For a list of companies with cheap rates in Louisiana, click here to view.