How Much Does Car Insurance Cost for Homeowners in Louisiana?

The vehicle model you are insuring is one of the biggest factors that determines whether or not you can buy the best cheap insurance for homeowners. Vehicles with economical engines, a great safety record, or low incidents of liability claims will cost substantially less to insure than fast, unsafe models.

The tables below features insurance rates for some of the more afforable automobiles to insure.

Premium data assumes single male driver age 40, no speeding tickets, no at-fault accidents, $500 deductibles, and Louisiana minimum liability limits. Discounts applied include claim-free, multi-policy, safe-driver, multi-vehicle, and homeowner. Price information does not factor in vehicle garaging location which can influence rates substantially.

Data assumes single male driver age 40, no speeding tickets, no at-fault accidents, $500 deductibles, and Louisiana minimum liability limits. Discounts applied include multi-vehicle, homeowner, claim-free, multi-policy, and safe-driver. Price information does not factor in specific location which can modify price quotes considerably.

Price data assumes single male driver age 40, 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. Estimates do not factor in Louisiana location which can alter coverage prices greatly.

When shopping for the cheapest car insurance for people who own their homes, one of the many criteria that affect car insurance rates is where you choose to live in Louisiana. Areas with a lot of weather claims or more people like New Orleans, Harvey, and Kenner tend to pay slightly more, whereas cities that are not as densely populated tend to receive cheaper rates.

The following table rates the priciest cities in Louisiana for homeowners in which to buy car insurance.

Rate information is comparative as zip code location can influence premium rates noticeably.

Shopping around for affordable auto insurance is not always easy, and figuring out which companies have the best insurance rates for homeowners calls for a bit more work. Policy prices will probably be slightly lower-priced than the average rate in Louisiana, with the decrease attributed to the potentially lower risk related to offering insurance for people who own their homes. Budget-friendly coverage should be available from many providers.
Every auto insurer has their own formula for determining rates in each state, so we’ll take a look at the insurance companies with the overall cheapest rates in Louisiana.

It’s important that you understand Louisiana insurance rates are influenced by many factors which can substantially decrease or increase the price you have to pay for coverage. This price variability is why it is crucial to shop around with many companies when trying to find the most affordable insurance quotes for homeowners. Rates can be altered by many risk factors and can change substantially, so the most economical option when you last compared rates may now be quite expensive.

Best Car Insurance Prices for Homeowners

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USAA offers some of the lowest car insurance rates in Louisiana at around $1,642 annually. MetLife, Progressive, GEICO, and Safeway would also be considered some of the best Louisiana insurance companies.

In the above example, if you are currently insured with MetLife and switched to USAA, you could see a yearly savings of roughly $212. Louisiana drivers with Progressive may save as much as $285 a year, and GEICO customers might reduce rates by $323 a year.

If you want to see how much you could save, click here or visit several of the following companies.

These premium estimates are averages across all drivers and vehicles in Louisiana and and are not calculated with a rate discount for homeowners. So the auto insurance company that can offer the best rates for your situation may not even be featured in the rate chart shown above. That affirms the importance of why you need to quote rates from as many companies as possible using your own personal information and vehicle type.

Discounts on cheap auto insurance for homeowners in Louisiana

Insurance companies that provide policies for homeowners may additionally offer premium discounts that could reduce prices by 40% or more if you meet eligibility requirements. A few popular companies and their offered discounts can be read below.

• American Family includes discounts for air bags, multi-vehicle, Steer into Savings, TimeAway discount, defensive driver, and good student.
• State Farm may offer discounts for driver’s education, good driver, safe vehicle, student away at school, and passive restraint.
• 21st Century offers premium reductions for driver training, air bags, anti-lock brakes, early bird, and theft prevention.
• Travelers may include discounts for hybrid/electric vehicle, save driver, multi-policy, new car, payment discounts, home ownership, and driver training.
• GEICO offers discounts including federal employee, multi-policy, driver training, multi-vehicle, air bags, military active duty, and anti-lock brakes.

The information below shows the comparison of car insurance costs with and without policy discounts. The data is based on a female driver, no tickets, no at-fault accidents, Louisiana state minimum liability limits, full physical damage coverage, and $100 deductibles.

The first bar for each age group shows the average rate with no discounts. The second bar shows the rates with marriage, multiple vehicle, anti-theft, homeowner, passive restraint, and accident-free discounts applied. When discounts are factored in, the the amount saved on insurance for homeowners is 28% or $696.

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The example below shows how choosing a deductible can change insurance premiums when searching for cheap insurance for homeowners. Data assumes a married female driver, comprehensive and collision coverage, and no policy discounts are applied.

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A 40-year-old driver could pocket $380 a year by switching their comprehensive and collision coverages from a $100 deductible to a $500 deductible, or save $574 by switching to a $1,000 deductible. Younger drivers, like the 20-year-old category, could reduce their rates up to $942 every year by using higher deductibles when buying full coverage. When raising deductibles, it will be necessary to have emergency funds available to enable you to pay the extra out-of-pocket expense, which deters some people from using high deductibles.

How to find budget-friendly car insurance for homeowners

Here are some of the better money-saving ideas that can help drivers get more affordable coverage.

• Higher physical damage deductibles lower rates
• Full coverage may not be needed on older vehicles
• Improve your credit rating
• Drive safe vehicles
• Avoid price increases by not filing claims
• Save money by bundling your home and auto policies
• Shop around for cheaper prices

The last suggestion is especially important, as we stressed in this piece. Prices charged by auto insurers in Louisiana fluctuate constantly, so drivers shouldn’t be reluctant to switch companies if a more affordable price is available. Being loyal to a particular company is commendable, but it’s not recommended if that stubbornness costs you a lot of money. Now is a great time to shop around and find cheaper car insurance for homeowners.