Louisiana Car Insurance

In Louisiana, car insurance is necessary for all vehicle owners to carry. Therefore it is imperative to understand as much as you can about how insurance works and how to make the best choices for your insurance needs. The more you know the better coverage you will have for your Louisiana car insurance.

LA Car Insurance Requirements For Drivers

The state of Louisiana is like many of the other states throughout the country in regards to insurance coverage. They have minimum required levels of coverage in place, but these levels are inadequate to cover most serious accident costs. The requirements for every car owner in Louisiana to carry are10/20/10:

1. $10,000 bodily injury liability  per person per accident
2. $20,000 bodily injury liability per accident in total
3. $10,000 personal property damage liability per accident

In reality, an accident would not have to be very serious for these limits to be surpassed with losses. The cost of medical care is so high that $10,000 per person could be exhausted by a trip to the emergency room and diagnostic testing, to say nothing of care costs.

If a new car were totaled in an accident where you were at fault, it is highly likely that it would cost more than $10,000 to replace it. When claims exceed the amount of insurance coverage you carry, the injured party can sue you for the excess. Therefore it is imperative to carry insurance limits that provide reasonable financial protection for you and your family.

How Your Louisiana Auto Insurance Rates Are Determined

Insurance companies take a wide variety of factors into account when setting rates that determine ultimately how much you pay for insurance. By understanding how rates are determined, Louisiana citizens will be better equipped to make choices that will help them to save money on their policies and be a better risk for their insurance company.

Below is a list of the things insurance companies take into consideration when rate setting:

• Year, make and model of the car
• Safety features of the car
• Driving records of all drivers who will be regularly using the vehicle
• If you live in the city or the country
• How many miles you drive per year
• What you use your car for
• Age of the drivers
• Claims history

By making sure that you drive prudently, make good choices in the cars you drive and take good care of your credit score, you will be able to ensure that your rates go down or stay low. Control the things you can and the rest will take care of itself.

LA Auto Insurance Money Saving Tips

If you have taken all the steps you can to lower your insurance rates and your premiums are still high, there are other things you can do to save money on your car insurance.

1. Shop around for the best rates. There are so many companies on the market and they all have different rates and guidelines. By getting a variety of quotes you will have the best chance of finding a good price. The other thing to keep in mind is that the company with the best price this year may not be the same company next year. You should shop around at least once a year at renewal time.
2. Ask the companies you are dealing with if you have all the discounts that you can possibly have. There are a variety of different things that can earn you a discount on your premium. Some are obvious ones like insuring all your vehicles on the same policy or putting your home and car insurance with the same insurer. Other discounts are for more obscure things like being a member of a credit union or subscribing to certain magazines.
3. Raise deductibles on collision and comprehensive insurance coverage. By doing so, it means that if you have to make a claim, more money will need to be paid by you before the insurance company kicks in. However, this money is often easily saved by the amount you economize by making this small change to your policy.
4. If you have an older vehicle with a lower book value, you should consider removing coverage such as collision and comprehensive. By doing so, you can make substantial savings on your car insurance premium.

Insuring High Risk LA Drivers

The Louisiana Automobile Insurance Plan is the last option for drivers who are high-risk and have been refused insurance by regular providers. Since auto insurance is required in the state, LAIP ensures that even those that no one wants to take the risk of insuring can get insurance. Applicants must have been turned down in the past 60 days for car insurance and must pay their premiums as directed.

Remember to exhaust all other options first though because assigned risk plans like this one tend to be very pricey.

Comparing Louisiana Car Insurance Quotes Online

You are now armed with lots of knowledge on the ins and outs of Louisiana car insurance. Put this information to work for you and start shopping around now for the best policy both in terms of coverage and price. Get started by simply entering your zip code below to begin. After you have answered the simple questions as prompted, you’ll be rewarded with a variety of insurance companies offering Louisiana car insurance quotes to choose from.

Get started now!