Like most states, Louisiana requires that all drivers, including those who live in Shreveport, carry car insurance to operate a motor vehicle on state roadways. Prices for car insurance in Shreveport, Louisiana, can vary depending on what provider you purchase a policy from and your driving record.
Louisiana Insurance Requirements
According to QuoteWizard, Louisiana state law mandates that all drivers carry a minimum amount of liability car insurance. That means if you live in Shreveport and you’re purchasing car insurance, your policy should include:
- $15,000 in bodily injury liability coverage per person
- $30,000 in bodily injury liability coverage per accident
- $25,000 in property damage liability per accident
While minimum coverage meets Louisiana’s legal requirements, it may not be enough to cover all of the damage sustained in a severe accident. That’s why QuoteWizard recommends you raise your liability limits to the following amounts:
- $100,000 in bodily injury liability coverage per person
- $300,000 in bodily injury liability coverage per accident
- $100,000 in property damage liability per accident
How Much Does Car Insurance Cost in Shreveport?
As The Zebra notes, Shreveport drivers pay, on average, $2194 a year for car insurance. That’s lower than the state average of $2379 but higher than the national average of $1548. Several factors contribute to Shreveport drivers having to pay more for car insurance than drivers across the country. According to QuoteWizard, these factors include:
- Weather: Shreveport winters are relatively harsh, with low temperatures that can cause your vehicle’s tires to harden, which makes them unsafe to drive on. Some Shreveport drivers experience engine problems because the cold weather can cause motor oil to thicken. On top of vehicle damage, snow and ice make the roads slick and diminishes visibility. Shreveport also experiences an average rainfall of 51 inches a year, much higher than the national average of 13 inches.
- Road Conditions: At least 36 percent of Shreveport’s roads are rated “poor” when it comes to maintenance. Shreveport drivers end up paying $727 a year in extra car repair costs due to damage from poorly maintained roads.
- Traffic: Shreveport ranks 195th among the worst U.S. cities for traffic congestion. Industry data shows that Shreveport drivers typically waste seven hours a year stuck in traffic.
Factors That Affect Individual Car Insurance Rates in Shreveport
When shopping for car insurance, you may end up paying more or less than the average Shreveport driver. That’s because insurance companies will factor in your personal details when calculating your rates. According to The Zebra, insurance providers typically take into account the following:
- Your Age: If you’re a teen driver in Shreveport, you can expect to pay, on average, $10,846 a year for car insurance. That’s $8730 more than drivers in their 20s typically pay. Insurance companies charge teen drivers so much more because they have less driving experience and are classified as high-risk drivers.
- Your Gender: If you’re a female Shreveport driver, you could end up paying $106 more a year for insurance than a male driver.
- Your Marital Status: Industry data shows that married drivers tend to file fewer claims than single drivers. This tendency to file fewer claims can save married Shreveport drivers up to $105 on their insurance premiums.
- Your Driving Record: Maintaining a clean driving record is one of the most effective ways to keep your insurance costs down. Speeding tickets, DUIs, and at-fault accidents are all reasons for your insurance company to raise your rates.
- Your Credit History: The insurance industry considers drivers with bad credit histories to be less reliable than drivers with excellent ratings. That’s why they charge higher rates for drivers with poor credit scores. If you’re a Shreveport driver with a “Very Poor” rating and you move up to the “Fair” credit tier, you can save up to $1503 a year on your premium. Moving from “Very Poor” to “Exceptional” will earn you a 58 percent discount.
Comparing Car Insurance Quotes for Shreveport Drivers
If you want to save money on car insurance, it helps to compare quotes from various providers. MoneyGeek analyzed quotes from some of Shreveport’s leading insurance companies to find the cheapest options for different groups of drivers. If you have a clean driving record and want to purchase a policy that meets Louisiana’s minimum requirements, here’s what you can expect to pay, on average:
- Southern Farm Bureau: $475 a year
- USAA: $546 a year
- GEICO: $653 a year
- State Farm: $708 a year
- Allstate: $746 a year
- MetLife: $1058 a year
- Progressive: $891 a year
- AAA: $1002 a year
If you’re a Shreveport driver and want to purchase full coverage, these are your most affordable options:
- Southern Farm Bureau: $1033 a year
- USAA: $1173 a year
- GEICO: $1473 a year
- State Farm: $1580 a year
- Allstate: $1722 a year
- MetLife: $1829 a year
- Progressive: $2292 a year
- AAA: $2610 a year
MoneyGeek also looked at affordable insurance options for drivers with different types of violations on their records. If you’re a Shreveport driver with a recent speeding ticket, at-fault accident, or DUI on your record, here’s what you can expect to pay, on average:
- Southern Farm Bureau: $1166 a year with a recent speeding ticket/$1311 a year with an at-fault accident/$1356 a year with a DUI
- USAA: $1466 a year with a recent speeding ticket/$1711 a year with an at-fault accident/$1719 a year with a DUI
- State Farm: $1698 a year with a recent speeding ticket/$1817 a year with an at-fault accident/$1698 a year with a DUI
- Allstate: $2011a year with a recent speeding ticket/$2584 a year with an at-fault accident/$2282 a year with a DUI
- GEICO: $1914 a year with a recent speeding ticket/$2171 a year with an at-fault accident/$3601 a year with a DUI
- MetLife: $2375 a year with a recent speeding ticket/$2735 a year with an at-fault accident/$4101 a year with a DUI
- Progressive: $3103 a year with a recent speeding ticket/$4087 a year with an at-fault accident/$3470 a year with a DUI
- AAA: $3512 a year with a recent speeding ticket/$3856 a year with an at-fault accident/$3588 a year with a DUI
Check this out if you need additional information, resources, or guidance on car insurance.
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