Cheap Insurance Quotes for Electric Cars in Louisiana

The type of vehicle that needs insurance is a significant factor when consumers are trying to find low-priced coverage for electric cars. Vehicles with lower performance, a plethora of safety features, or a low likelihood of liability claims will cost much less to insure than fast, unsafe models. The information below features coverage rates for the most cost-effective vehicles to insure.

Above prices assume married male driver age 30, no speeding tickets, no at-fault accidents, $500 deductibles, and Louisiana minimum liability limits. Discounts applied include claim-free, safe-driver, multi-vehicle, homeowner, and multi-policy. Price estimates do not factor in vehicle location which can lower or raise prices greatly.

Looking at the rates, makes and models like the Honda CR-V, Ford Escape, and Chevrolet Traverse are likely to be some of the most affordable vehicles to insure for eco-friendly vehicles.

When shopping for cheaper insurance for eco-friendly vehicles, one of the many criteria that help set car insurance rates is your zip code. Areas with more people or even just a higher incidence of claims like New Orleans, Terrytown, and Kenner likely pay more, whereas areas that are not as densely populated tend to receive cheaper rates.

The illustration below rates the most costly cities in Louisiana for electric cars to purchase auto insurance in.

Rate information is estimated as the vehicle garaging location can change premium rates noticeably.

Deciding which company quotes the cheapest insurance rates for electric cars involves a little more effort than just comparing a company or two. Every car insurance company has a unique approach to establish rates, so we’ll take a look at the lowest cost insurance companies in Louisiana.

It’s important to know that Louisiana insurance rates are based on many factors which can substantially change the price you pay. Simply improving your credit, filing a claim, or getting a speeding ticket may generate price changes that can make some companies more affordable than competitors.

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USAA may have some of the lowest car insurance rates in Louisiana at around $1,578 annually. MetLife, GEICO, Progressive, and Safeway also rank well as some of the cheaper Louisiana auto insurance companies.

As shown in the table above, if you have coverage with MetLife and switched to USAA, you might see a yearly price reduction of around $332. Policyholders with GEICO could save as much as $367 a year, and Progressive policyholders might reduce rates by $427 a year.

It’s important to note that these estimates are averaged for all drivers and vehicles in Louisiana and do not factor in a rate decrease for electric cars. So the insurer that can offer you the lowest price may not even be featured in the list above. That is why you need to compare prices as often as possible using your own driver data and vehicle information.

Safe drivers pay cheaper rates

The obvious way to receive cheap insurance for electric cars in Louisiana is to drive cautiously and not receive tickets or have accidents. The example below demonstrates how speeding tickets and accidents can impact premium costs for each age group. The costs are based on a single male driver, full physical damage coverage, $1,000 deductibles, and no discounts are factored in.

In the prior example, the average cost of car insurance in Louisiana per year with no accidents or violations is $2,592. Add in two speeding tickets and the average cost swells to $3,418, an increase of $826 each year. Now throw in one accident along with the two speeding tickets and the annual cost of insurance for electric cars goes up to an average of $4,270. That’s an increase of $1,678, or $140 per month, just for not driving responsibly!

The chart below demonstrates how deductibles can increase or decrease insurance costs when trying to find cheap insurance for electric cars. The premiums are based on a single male driver, full coverage, and no discounts are factored in.

The data above shows that a 30-year-old driver could save $514 a year by changing from a $100 deductible to a $500 deductible, or save $774 by choosing a $1,000 deductible. Even younger drivers, like the Age 20 chart data, could drop their prices $1,506 every year by using higher deductibles when buying full coverage.

When increasing deductibles, it will be necessary to have enough funds in savings to enable you to cover the extra out-of-pocket expense, which is the one disadvantage of using larger deductibles.

Allstate, Progressive, Geico, or State Farm: Which is best?

If you are looking for the best car insurance for eco-friendly vehicles in Louisiana, four companies to consider are Allstate, Progressive, Geico, and State Farm. Between them, they make up nearly half of all car insurance policies written. All offer your standard physical damage and liability coverages, but each one has a distinct set of features and optional coverages that shoppers can choose from. The data below breaks down some of the different options .