Why Is Car Insurance In Louisiana So Expensive. In conclusion, insurance rates in louisiana are very high due to less people on the road having auto insurance, more traffic accidents, less insurance companies operating in the state, state regulations allowing for increases in prices, and more law suits against insurance companies as a result of so many people only having the lowest available legal coverage. The state’s high number of uninsured and underinsured motorists;
Why Car Insurance Is So Expensive In Michigan Compass Insurance Tips from www.compass-insurance-agency.com
Minimum coverage makes your claim more complex. The national average is $1365. In louisiana, you can expect to pay approximately $3,317 per year for full coverage car insurance or $1,263 per year for minimum coverage.
The National Average Is $1365.
We are ranked #2 in the nation for high insurance rates! Here's a rundown of the five most expensive locales for auto insurance: For a year’s worth of insurance, the average rate is nearly $2,400.
Car Insurance In Louisiana Is More.
The annual amount of injury claims is one such variable and is the main reason why louisiana car insurance is so expensive. Michigan is the only state that has higher rates. Louisiana drivers face an average penalty of $2,026 per year for having a credit score in the worst tier.
This Penalty On The Poor Is Not A Minor Thing.
If a person does not pay their premiums, the insurance company can just cancel their insurance. Car insurance in louisiana is expensive because state lawyers strongly encourage lawsuits for even minor car accidents, dramatically raising operating costs for insurers. Other variables that affect the cost of louisiana car insurance include:
Auto Insurance Is Expensive In Louisiana.
The prevalence of uninsured motorists in new orleans can be blamed on the city’s high poverty rate as well as the city’s exorbitant auto insurance rates. The state’s high number of uninsured and underinsured motorists; In louisiana, you can expect to pay approximately $3,317 per year for full coverage car insurance or $1,263 per year for minimum coverage.
Louisiana Has An Average Insurance Rate Of $2,839 And It Is 99% More Expensive Than The.
The state’s low fuel costs, which leads to more cars on the roads, increased congestion, and more resulting collisions; The typical auto insurance premium for new orleans drivers is right around the $4,000 mark. 3 easy steps to get cheap us auto insurance now!
