The cost of car insurance in New Orleans is much higher than the state and national averages cost. Drivers do pay an average cost of about $3,380 per year for full coverage policy, that is $310 per month. The average coverage rate is $1,003 per year, or $85 per month for minimum coverage policy; that is still much expensive than the state and National average, the reason of car insurance being expensive in New Orleans might be the high rate of vehicle theft in Louisiana in general, hence high number of car-related lawsuits. Car owners do manage somehow to have a vehicle with affordable coverage by comparing various quotes from different companies which do depend on factors including driving history, age, gender and many others.
It is one of the largest insurance company in the country providing quality service. It is extended to probably all the 50 states, and does have a good financial stability favoring claim coverage. It offers the lowest minimum cost for car insurance in New Orleans, with a cost which is lower than the average city cost providing about 10 % reduction. Geico is considered the cheapest car insurance offering overall lowest rate with most of the considered factors. It does provide multiple discounts including good student discounts, multi-car discounts, multi-policy discounts and many more. Its digital tools and mobile are impressive features which does favor its high ranking among the best with easy access to lower policy coverages.
2.Southern Farm Bureau
Farm bureau is an amazing insurance company providing cheap car insurance rate, and excellent customer service. It is an attractive choice for car insurance in New Orleans offering exceptional customer service through its agents working very close to customers to help in choosing the most convenient policy. Its minimum coverage as well as the full coverage are the most affordable compare to the city rate, they do present important reduction percentage, quite beneficial for clients. The inconvenient of Farm bureau is the fact that most of its advantages are for individuals who are members. This is somehow compensated by add-on coverage it does offer including Roadside assistance coverage and replacement cost coverage.
It is the second largest insurance company in U.S., spread all over the country, providing generally cheapest rate. It usually provides the lowest rate at all, and does have exceptional financial stability. Its customer service is also one of the best coming out with high rating amongst the best. Like in many other states or cities, USAA car insurance in New Orleans is exceptionally for military personnel, veterans and their family relatives. It provides the lowest minimum coverage for annual car coverage for car insurance and the full coverage is also the least expensive compare to the city overall annual coverage. Drivers with bad record benefit from lower rate provided by USAA in New Orleans. It does provide important discount package as well.
State Farm insurance is the largest company, having one of the highest market share in U.S.. It is a good car insurance for most drivers providing good coverages. But its most appealing aspects are the company financial condition and the ability to pay claim obligations. It does provide lower minimum coverage for car insurance in New Orleans and its coverage for drivers with DUI is one of the cheapest providing important reduction percentage compare to the city overall cost for the same. It’s a good choice as well for drivers at-no fault who do have to pay less than the city average cost as well. State farm offers important discounts packages, but doesn’t provide any extra coverage if not the common usual ones with affordable costs.
Progressive is also a giant insurer with important market share in U.S.. It has an important financial base and good service at all. Its cost for car insurance in New Orleans is now the most affordable but Progressive stands amongst the best here with multi optional coverages that give the opportunity to customers to choose the convenient policy considering personal needs and shopping budget. The possibility to choose make a tailor policy bring alongside add-on coverage such as ridesharing coverage, deductible saving banks, custom parts, equipment coverage loan and lease gap coverage. It provides chances for reducing premium coverage through online processing for car insurance in New Orleans.