Photo by Tima Miroshnichenko from Pexels
If you drive these Louisiana streets and highways, you might have noticed that car insurance rates continue to rise. How does the Pelican State rank among states for car insurance rates?
Louisiana is a mixed bag when it comes to car insurance rates. Here are some statistics from QuoteWizard.
Both of those figures represent more than 55% higher than the national averages.
The insurance comparison site ValuePenguin has listed the car insurance rates for America state by state. At $4,386 annually, the highest rate is Michigan, and the lowest rate is Iowa ($382 a year). Louisiana, as you’ll see, is the middle.
Here are the average auto insurance premiums in each state.
| State | Average min coverage cost | Average full coverage cost |
|---|---|---|
| Michigan | $4,386 | $7,161 |
| Florida | $2,072 | $2,962 |
| Rhode Island | $1,197 | $2,750 |
| Delaware | $1,153 | $2,239 |
| Nevada | $1,138 | $2,636 |
| New York | $1,085 | $2,111 |
| Maryland | $1,043 | $1,922 |
| Connecticut | $1,041 | $2,179 |
| Louisiana | $1,002 | $3,720 |
| Kentucky | $1,002 | $2,346 |
| Oregon | $987 | $1,827 |
| Washington, DC | $923 | $2,351 |
| Arizona | $897 | $2,204 |
| New Jersey | $846 | $1,828 |
| Utah | $793 | $1,710 |
| Massachusetts | $784 | $2,271 |
| Colorado | $783 | $2,174 |
| South Carolina | $752 | $1,686 |
| Minnesota | $721 | $1,779 |
| Illinois | $717 | $1,751 |
| Georgia | $716 | $1,612 |
| Texas | $666 | $1,094 |
| Mississippi | $657 | $1,795 |
| Missouri | $648 | $1,859 |
| West Virginia | $644 | $1,757 |
| Hawaii | $639 | $1,753 |
| Alabama | $635 | $1,724 |
| California | $604 | $2,052 |
| New Hampshire | $596 | $1,450 |
| Washington | $591 | $1,475 |
| Oklahoma | $584 | $1,885 |
| Arkansas | $556 | $1,709 |
| Virginia | $555 | $1,350 |
| Nebraska | $552 | $1,739 |
| New Mexico | $550 | $1,800 |
| Kansas | $549 | $1,759 |
| Tennessee | $514 | $1,534 |
| Montana | $502 | $1,792 |
| Pennsylvania | $497 | $1,586 |
| Alaska | $492 | $1,433 |
| North Carolina | $492 | $1,291 |
| Indiana | $489 | $1,345 |
| Ohio | $481 | $1,378 |
| Vermont | $474 | $1,360 |
| Maine | $452 | $1,051 |
| Idaho | $426 | $1,283 |
| Wyoming | $422 | $1,753 |
| North Dakota | $422 | $1,715 |
| Wisconsin | $396 | $1,175 |
| South Dakota | $387 | $1,999 |
| Iowa | $382 | $1,564 |
In Louisiana, you are required to have 15/30/25 liability limits. Those limits provide payments of $15,000 for bodily injury to one person, $30,000 for bodily injury to more than one person in a single accident, and $25,000 coverage for damage to someone else’s vehicle or other property.
The way to save money on car insurance is to comparison shop. It’s best to get at least three quotes from different insurance companies.
No matter what you do, please comparison shop for rates before you make a decision.
Here are more ways to save on car insurance.
More From NolaFi.com:
The 2024 hurricane season in the Atlantic Badin is shaping up to be a doozy.…
If you're looking for a job, a "Help wanted" sign may seem like a great…
Recent research conducted by personal injury attorneys at Premier Law Group has revealed that Louisiana…
You’ve heard about strong storms during hurricane season, but you might be wondering how powerful…
The New Orleans Saints play the Kansas City Chiefs on Monday, Oct. 7,2024 in the…
New Orleans is distinctive for many reasons, and one of them is its major airport.…