Average car insurance cost in Shreveport, LA

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Based on an analysis by Insure.com, the typical car insurance expense in Shreveport, Louisiana is $2,840 annually. Furthermore, car insurance premiums in Shreveport are $43 less than compared to the state average in Louisiana and $945 more than the national average.

Car insurance premiums differ widely depending on the location, city demographics, population density, average resident age, accident rates, and theft and vandalism.

This article looks at the most affordable car insurance companies in Shreveport, the average car insurance rates by age and gender, and the costs in Shreveport based on coverage limits.

Whether you’re a new or experienced driver, this article will guide you in finding the most affordable car insurance in Shreveport. Keep reading to learn more.

Cheap car insurance companies in Shreveport

Southern Farm Bureau offers the most affordable car insurance in Shreveport for coverage limits of 100/300/100 at $2,219 per year.

The Farmers comes close second offering car insurance at $2,586 per year.

As mentioned previously, car insurance quotes differ amongst companies due to the factors they consider when determining rates. Hence, it’s advisable to obtain quotes from multiple insurers to find affordable car insurance rates in Shreveport that align with your needs before finalizing your insurance carrier.

Here are the average annual and monthly costs for the various car insurance companies providing coverage in Shreveport, Louisiana:

Read about the best car insurance companies.

Average car insurance cost in Shreveport by coverage limits

The average car insurance rates in Shreveport by coverage type are as follows:

• State minimum coverage: $679 per year (limits of 25/50/25)
• Liability-only coverage: $1,202 per year (limits of 50/100/50)
• Full coverage: $2,840 per year (limits of 100/300/100)
• Non-owners coverage: $322 per year

In many states, drivers are legally required to maintain state minimum coverage. However, these requirements vary by state. However, the state minimum coverage does not protect vehicles listed on your policy in an at-fault accident.

It’s advisable to choose full coverage to avoid the risk of inadequate coverage and out-of-pocket expenses. You can also choose non-owners coverage if you often borrow or rent vehicles and don’t own one yourself.

Average car insurance rates by gender in Shreveport

Based on an analysis by Insure.com, female drivers in Shreveport, Louisiana pay an average annual car insurance premium of $2,856. In comparison, male drivers pay $2,824 annually, which is $32 less than what female drivers pay.

According to the Insurance Information Institute, statistics indicate that women are generally considered safer drivers than men. Also, women pay less for car insurance due to the lower rate of severe accidents.

Read more on how gender affects car insurance rates.

Average car insurance rates by age in Shreveport

In Shreveport, car insurance rates are the highest for teens, at $8,463 per year or $705 per month. The rates are higher for teenagers (16- to 19-year-olds) as they are more prone to road accidents due to their lack of experience on the road, according to the Insurance Information Institute. There are driving laws for teens to help them drive better. Also, teen insurance rates can be lowered by adding teens to a parent’s auto insurance policy.

Car insurance rates are bound to decrease as teens grow older and earn a good driving record. Young adults pay $4,567 per year for their car insurance which is $3,896 less than what the teens pay for their insurance policy.

The car insurance rates in Shreveport for adult and senior drivers are $2,828 and $2,763 per year respectively.

The car insurance rates for adults and seniors are lower than those for teens and young adults. “This is because they are more likely to obey the speed limits and follow the rules of the road,” says the Insurance Information Institute.

Read more on auto insurance for seniors.

The table below depicts the average annual rates for drivers of different age groups:

Car insurance rate trends in Shreveport

Examining the trends in car insurance rates in Shreveport, Louisiana, there was an upward trend from 2022 to 2023. Between 2022 and 2023, rates increase overall by 24% or $553.

The table below illustrates the trend over the three years:

Conclusion

In conclusion, the insurance rates in Shreveport, are lower than the average insurance cost in Louisiana. Shopping around and taking advantage of available discounts, drivers in Shreveport can find affordable car insurance options. Additionally, many car insurance companies offer discounts for customers who purchase multiple policies through the same company.

Sources

• Insurance Information Institute. “What determines the price of my auto insurance policy,” Accessed September 2024.
• Insurance Information Institute. “Auto insurance for teen drivers,” Accessed September 2024.
• Insurance Information Institute. “Senior driving safety and tips,” Accessed September 2024.

Methodology

Insure.com team worked with Quadrant Information Service to get car insurance data. To determine the average premiums, our team of data analysts and expert editors have analyzed 53,409,632 insurance quotes from 170 insurance companies across 34,588 ZIP codes.

The insurance rates are based on a sample profile of a 40-year-old male and female driver with a clean driving record and a good insurance score. Quotes premiums are for a full coverage policy with limits:

• $100,000 bodily injury per person
• $300,000 bodily injury per accident
• $100,000 property damage per accident
• $500 comprehensive and collision deductible

The quoted insurance rates are for comparison purposes, and your individual rates may vary.

Prachi Singh

Contributing Researcher

 

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Prachi is an insurance writer with a master’s degree in business administration. Through her writing, she hopes to help readers make smart and informed decisions about their finances. She loves to travel and write poetry.