Who Has Cheap Auto Insurance for Unemployed Drivers in Louisiana?

Deciding which companies quote the most affordable car insurance rates for unemployed drivers takes more time in order to find the most economical policy. Each company has a different formula for determining rates in each state, so we will examine the car insurance companies that tend to have lower prices in Louisiana.

It’s important to know that Louisiana car insurance rates are impacted by many things which can significantly increase or decrease the price you pay for coverage. Getting older, getting married, or getting a reckless driving citation may prompt premium changes resulting in some companies being more affordable than others.

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USAA may have some of the lowest car insurance rates in Louisiana at around $1,594 each year. GEICO, MetLife, Progressive, and Southern Farm Bureau are also some of the lowest-priced Louisiana insurance companies.

As shown in the table above, if you buy coverage from MetLife and switched to USAA, you could earn annual savings of about $298. Louisiana drivers with Progressive may save as much as $411 a year, and Southern Farm Bureau insureds might realize rate reductions of up to $587 a year.

If you want to see how much you could save, click here to get quotes or visit any of the companies below.

Bear in mind that those premium estimates are averages across all drivers and vehicles in Louisiana and are not factoring in a price discount for unemployed drivers. So the auto insurance company that is best suited for you may not even be shown in the list of companies above. That points out the importance of why you need to get auto insurance quotes using your own driver data and vehicle information.

For Louisiana drivers, one of the criteria that determine auto insurance rates is where you normally keep your vehicle in Louisiana. Cities with larger populations like New Orleans, Marrero, and Metairie will most likely have higher rates, whereas more rural areas have the luxury of lower rates.

The illustration below rates the highest-priced areas in Louisiana for unemployed drivers to purchase auto insurance in.

Table data uses approximated as the specific area where the vehicle is garaged can alter rates significantly.

The information below demonstrates how choosing different deductibles can raise or lower insurance prices when searching for cheap insurance for unemployed drivers. The premium estimates are based on a married male driver, comprehensive and collision coverage, and no other discounts are factored in.

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As shown above, a 30-year-old driver could pocket $360 a year by changing from a $100 deductible to a $500 deductible, or save $544 by selecting a $1,000 deductible. Younger drivers, like the 20-year-old example, could possibly save as much as $1,078 each year by choosing larger deductibles on their policy. If you do make the decision to raise your deductibles, it will be necessary to have enough funds in savings to allow you to cover the extra out-of-pocket expense, which is the one disadvantage of using larger deductibles.

Does Progressive, State Farm, Geico, or Allstate have the cheapest car insurance?

When buying car insurance for the unemployed in Louisiana, the top insurers to get price quotes from are Progressive, State Farm, Geico, and Allstate. All offer your standard physical damage and liability coverages, but each one has a slightly different set of options and discounts that may steer you one way or another. The following table compares pricing and service ratings, plus some optional coverages offered by each company.

Who has the cheapest insurance quotes for the unemployed?

There are many different ways to get cheap car insurance quotes in Louisiana, but the three most common ways are through an independent insurance agent, a captive (or exclusive) agent such as Auto-Owners or State Farm, or from a direct company like Progressive. Each way has the same basic steps, but it’s important to understand the differences in how they work.

Independent insurance agents can place your business with multiple companies and can do rate comparisons with all of them. These types of agents will quote rates with many companies, which can help you get a better comparison. If a cheaper price is found, they can switch companies in-house without having to get a different agent.

An agent who is captive is only able to quote rates with just one company, two examples being a Farmers or Allstate agent. They generally cannot place coverage with different providers, so unless you get quotes from other companies, you cannot determine which is cheapest.

Buying direct means you bypass local insurance agents and instead buy direct from companies such as Geico or Esurance. This option may be a decent choice people who do not need advice for risk management and know what specific coverages they need.

So which way is best to buy cheap auto insurance for unemployed drivers in Louisiana? The quick answer would be shopping direct yields the cheapest rates since that prevents the need to pay agent commissions, but unfortunately, that is not always true. We could also assume that buying from an independent agent can save the most money because you have more choices, but that is not necessarily true either. And occasionally, exclusive agents may have prices well below independent agents AND direct companies.

Since car insurance prices vary so much, the best method to not overpay for car insurance is to compare lots of quotes. The ideal approach is to get prices from all three to have a good selection of rates to choose from. For a list of companies offering online discounts, click here to view.