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What is the average cost of car insurance in Lafayette?
The typical Lafayette driver pays $2,400 per year for car insurance coverage. That's more expensive than the average across Louisiana ($2,379) and more expensive than the national average of $1,548. Keep reading to learn more about how much you can expect to pay based on your marital status, age, credit score, and other common factors in Lafayette.
AUTO INSURANCE COSTS: LAFAYETTE VS. STATE AND US AVERAGES
|Lafayette Average (yearly)||Louisiana Average||United States Average|
The difference in auto insurance rates from company to company can be substantial. For a typical insurance customer, Southern Farm Bureau provides Lafayette's cheapest rates. We've listed the best cheap car insurance companies in Lafayette below. Use this information as a starting point and be sure to compare quotes specific to your unique driving profile.
LAFAYETTE CAR INSURANCE PREMIUMS BY COMPANY
|Insurance Company||Average Yearly Rate|
|Southern Farm Bureau||$1,985|
The age group that enjoys the lowest auto insurance rates in Lafayette are drivers in their 50s, who pay an average of $2,121 per year. Drivers in their 40s pay marginally higher rates — $2,332 per year.
The Lafayette drivers who face the priciest insurance rates are teenagers. One of the most effective ways to get cheaper car insurance rates as a driver in Lafayette is to celebrate your 20th birthday. In Lafayette, teenage drivers pay $12,133 — a full $9,801 more than the second-most expensive rate paid by an age group.
CAR INSURANCE RATES BY AGE TIER IN LAFAYETTE
|Age tier||Average Yearly Rate|
Marital status and gender can be contributors to car insurance rates, in some cases. Married drivers in Lafayette pay $104 less than single drivers for car insurance. Married drivers pay less for car insurance than do single drivers in many locations. Rates for those who are widowed are also much cheaper than rates for those who are single. Interestingly enough, in Lafayette, widowed drivers pay less than those who are single.
Gender is another factor that can influence auto insurance rates. In Lafayette, female drivers pay $144 per year more than do male drivers for car insurance.
LAFAYETTE CAR INSURANCE PREMIUMS BY GENDER AND MARITAL STATUS
|Gender/Marital Status||Average Yearly Rate|
Maintaining a clean driving record is one of the best ways to keep your car insurance costs low. Speeding tickets, reckless driving citations, DUIs and DWIs, and at-fault accidents all can trigger insurance rate hikes.
Lafayette drivers found guilty of reckless driving pay a steep price when it comes to auto insurance, facing a rate increase of $1,014 per year versus the city average. A ticket for speeding results in a $469 rate hike while a DWI or DUI violation costs $1,125 per year in extra insurance expenditures.
LAFAYETTE CAR INSURANCE RATES AFTER A COLLISION OR CITATION
|Citation||Average Annual Rate|
|At-fault Accident (damages less than $1,000)||$3,575|
|At-fault Accident (damages greater than $2,000)||$3,601|
|Speeding Ticket (16-20 mph over speed limit)||$2,870|
It's no secret credit score is closely correlated with car insurance rates. Lafayette drivers who improve their credit score from "Very Poor" (300-579) to "Exceptional" (800-850) can save as much as 58% on their auto insurance premiums. Moving into the "Fair" credit tier from the "Very Poor" level is one of the most impactful steps a driver can take in pursuit of better car insurance rates. In Lafayette, improving your credit to "Fair" corresponds with a $1,666 decrease in annual car insurance rates.
LAFAYETTE AUTO INSURANCE RATES BY CREDIT LEVEL
|Credit Level||Average Rate (annual)|
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About The Zebra
The Zebra is not an insurance company. We publish data-backed, expert-reviewed resources to help consumers make more informed insurance decisions.
- The Zebra’s insurance content is written and reviewed for accuracy by licensed insurance agents.
- The Zebra’s insurance editorial content is not subject to review or alteration by insurance companies or partners.
- The Zebra’s editorial team operates independently of the company’s partnerships and commercialization interests, publishing unbiased information for consumer benefit.
- The auto insurance rates published on The Zebra’s pages are based on a comprehensive analysis of car insurance pricing data, evaluating more than 83 million insurance rates from across the United States.