Cheap Car Insurance in Shreveport, LA
Everything You Need to Know About Auto Insurance in Louisiana
Tucked in Louisiana’s northwest corner, Shreveport is a vibrant city with the perfect balance of old-fashioned charm and modern amenities. The third most populous city in the state and second only to New Orleans in the number of historical landmarks, Shreveport offers much for residents to see and do. Home to cultural attractions that include the Shreveport Symphony Orchestra and the R.W. Norton Art Gallery, as well as outdoor attractions ranging from parks to waterways, the city offers entertainment for all personalities. Shreveport is also known for its culinary scene and nightlife.
When traveling to your favorite Shreveport destinations, it pays to prepare for road congestion and occasional construction zones. Motorists also must have an active Lousiana car insurance policy to avoid fines and potential license suspension. Whether you’re searching for a policy to meet the minimum requirements or full coverage, finding the right insurance policy can help you save. Our guide shares everything you need to know about car insurance in Shreveport, LA.
How Much Does Car Insurance Cost in Shreveport, Louisiana?
Shreveport drivers pay an average of $52 per month for the state-required minimum liability insurance and about $202 per month for full coverage. Shreveport’s averages match pretty closely with nationwide averages of $66/month for minimum liability and $223/month for full coverage. However, they are notably lower than the state averages of $85/month for the state minimum and $332 monthly for full coverage.
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Why Is Insurance So Expensive in Louisiana?
While Louisiana has the third highest auto insurance costs in the nation (behind only Florida and New York). The reasons for these high prices include an abundance of personal injury lawsuits, drivers with no insurance and more.
Specific contributors to Louisiana’s car insurance rates include injury rates in accidents and the frequency of lawsuits. Louisiana is only slightly above the national average in car accident frequency, but injury claims arising from accidents are nearly 200% higher than in the rest of the country. The litigation rate for auto insurance claims is more than twice the national average and second only to that in Florida.
While the increased rates of injury claims and lawsuits shed some light on the reason for higher rates, many Louisiana stats (including traffic fatalities, drunk driving, and seat belt use) are similar to those throughout the nation. However, these numbers don’t reflect the impact of hurricane season on automobiles. Hail damage and fallen trees frequently lead to an influx of insurance claims, driving up rates.
Affordable Car Insurance Rates by Comparison by Cities in Louisiana
Auto insurance rates range from one city to the next based on various factors, including population, road conditions, and other demographics. See the chart below for a comparison of average monthly premiums paid in Louisiana cities.
| City | Full Coverage Insurance | Liability Insurance Coverage |
|---|---|---|
| Shreveport | $202 | $52 |
| New Orleans | $344 | $88 |
| Baton Rouge | $278 | $78 |
| Lafayette | $236 | $70 |
| Bossier City | $181 | $46 |
Affordable Shreveport Car Insurance Rates by Zip Code
Even within a single city, insurance rates can vary significantly. Factors like claim rate, theft, vandalism, and population density can lead to higher rates in nearby neighborhoods. Our chart below compares rates in some of Shreveport’s most populous zip codes.
| Zip Code | Full Coverage Insurance | Liability Insurance Coverage |
|---|---|---|
| 71106 | $202 | $52 |
| 71107 | $197 | $50 |
| 71118 | $199 | $51 |
| 71109 | $207 | $52 |
| 71105 | $192 | $51 |
| 71115 | $181 | $51 |
| 71129 | $196 | $50 |
Low-Cost Car Insurance Rates by Age in Shreveport
Age is one of the biggest determining factors of auto rates. Younger drivers have little experience on the roads, putting them at higher risk of an accident. To account for those risks, insurance rates are much higher for teens than for older drivers. Check out our table below to compare rates for drivers in each age group.
| Age | Full Coverage Insurance | Liability Insurance Coverage |
|---|---|---|
| Teenagers | $743 | $192 |
| 20s | $315 | $88 |
| 30s | $199 | $51 |
| 40s | $186 | $48 |
| 50s | $178 | $46 |
| 60s | $188 | $57 |
| 70s | $194 | $53 |
Note: Unless otherwise specified, data is compiled using male, aged 30, minimum liability coverage. Your rates may vary based on age, driving history, coverage type, or other factors.
Driving Conditions in Shreveport
Driving conditions, including road conditions and accident rates, impact the number of claims filed, leading to higher or lower rates in an area. Learning about the conditions in Shreveport can help you anticipate your insurance costs.
How Many Fatal Accidents Happen in Shreveport?
Of 8,000 crashes that occurred in Shreveport in 2023, 32 resulted in fatalities. Eleven of those were the direct result of impairment, and five pedestrians were among those killed in auto crashes.
How Are the Road Infrastructure and Bridges in Shreveport?
A recent report released by a nonprofit revealed that 60% of Shreveport roads are in poor or mediocre condition, costing the average motorist several hundred dollars each year in vehicle operating costs. Road congestion is another concern, causing drivers to lose 32 hours annually sitting in traffic. However, some construction projects are underway to widen bridges and roads to relieve this issue.
Minimum Car Insurance Requirements in Shreveport
Minimum car insurance requirements in Shreveport are dictated by Louisiana state law, which requires all drivers to carry liability coverage for bodily injuries and property damage.
Louisiana requires each vehicle to have 15/30/25 liability limits, which break down as follows:
- 15,000 bodily injury coverage per person
- 30,000 bodily injury coverage per accident
- 25,000 property damage liability
What Are the Penalties for Driving Without Insurance in Shreveport, Louisiana?
Motorists caught driving in Shreveport without a current policy with the state’s minimum requirements can face costly fees and even license revocation.
Drivers who fail to provide proof of insurance face the following penalties.
- Fines between $500 and $1,000
- Suspension of license plates and registration
- Vehicle impoundment
Reinstatement fees depend on the number of offenses and are as follows:
- First Offense: $100 reinstatement
- Second Offense: $250 reinstatement
- Third and Subsequent Offenses: $500 reinstatement
Each fee is accompanied by a $10 reinstatement administration fee.
Louisiana’s No Pay, No Play law creates a unique consequence for uninsured motorists. An uninsured motorist involved in an accident cannot recover damages from the other driver, regardless of who was at fault in the accident.
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Factors Allowed in Shreveport Car Insurance Rates
Insurance underwriters use a range of factors to determine the unique rates required by each driver. These factors include demographics and certain elements within the insurance policy. Underwriters look at these factors to ascertain the potential risk of insuring someone and calculate premium rates based on the risks that prospective drivers represent.
Commonly considered factors include:
- Age
- Gender
- Marital status
- Driving history
- Location
- Vehicle type
- Deductible amount
- Coverage amount
Insurance that Helps You Prepare for the Future
While meeting the state minimum requirements prevents you from facing fines and penalties for driving without insurance, it doesn’t cover all the costs you could face in the event of an accident. Liability insurance is designed to cover bodily injury and property damage to others involved in an accident that you caused.
Investing in collision and comprehensive coverage will help you pay for costs associated with damage to your property and medical costs for you and any passengers in your vehicle following an accident.
- Collision: Pays to repair or replace your vehicle when damaged in an accident/collision
- Comprehensive: Covers damages to your vehicle caused by something other than a collision, including vandalism, hitting an animal, flooding, fire, theft, or flying objects
- Uninsured Motorist Coverage: Covers damage to your vehicle, bodily injury, and medical expenses caused by a driver with no insurance or too little insurance coverage
Each of these policies pays for damages up to the limits of your policy and is subject to deductibles as outlined in your policy.
What Are the Best Discounts for Car Insurance in Shreveport, LA?
Insurers offer various discounts to help motorists save on car insurance. Car insurance discounts are based on a range of factors that can apply to different situations. Some of the most common discounts used by Shreveport drivers include:
Scheduling an annual meeting with your insurer can help you find discounts related to your life circumstances and ensure you have adequate coverage for your vehicles and lifestyle.
Get an Online Quote for Car Insurance in Shreveport Today!
Driving legally in Shreveport requires an active auto insurance policy with Louisiana’s state minimum liability requirements. Often, motorists choose to invest in additional policies to ensure they’ll have adequate coverage in the event of an accident. Whether you’re seeking a policy to meet state minimum requirements or full coverage, Freeway Insurance can help you explore your options. To get started, request a quote online, give us a call at 800-777-5620, or find a local Shreveport office near you.