When buying a car insurance policy, you should always compare rates from several companies. If you pay more than what is required, you may not be covered in an accident. Besides, the difference between the cheapest car insurance and the most expensive can be more than a thousand dollars. When choosing your insurance policy, you should also pay attention to your credit history. Poor credit drivers pay more than people with excellent credit. You may be eligible for additional discounts as a good driver.
The most affordable auto insurance policy in Louisiana is available from Louisiana Farm Bureau. However, this type of policy is typically more expensive if you have had an at-fault accident within the last three years. For instance, drivers with a recent at-fault accident will pay a rate that is 55% higher than someone with a clean driving record. This means that drivers with a recent accident will end up paying $2,043 more a year on average. USAA also offers cheap car insurance for those with bad credit. This company is available to those with a military or active duty. However, these are not the cheapest car insurance companies in Louisiana.
If you want to be covered if you’re involved in an accident, you can consider getting minimum coverage insurance. Although this will result in cheaper premiums, it will be more expensive in the long run. If you finance or lease your car, you will most likely need to carry full coverage insurance, including collision and comprehensive coverage. This is a necessity if you want to ensure the security of your lienholders and avoid paying high insurance premiums. You should also consider getting uninsured motorist insurance coverage, which can drastically cut down on your out-of-pocket expenses if you are at fault in an accident.