How much does car insurance cost in Shreveport?
The average cost of car insurance in Shreveport, Louisiana, is $2,194 per year. That's cheaper than the average across Louisiana ($2,379) and more expensive than the national average of $1,548. Read on to learn more about how much you can expect to pay based on your credit score, gender, marital status, and other common factors in Shreveport.
SHREVEPORT AUTO INSURANCE RATES
|Shreveport Average (annual)||Louisiana Average||United States Average|
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Shreveport auto insurance rates by company
The difference in auto insurance rates from company to company can be substantial. In Shreveport, Southern Farm Bureau provides the most affordable rates for the typical insurance customer. Reference below the top options for affordable insurance in Shreveport. Don't forget to get car insurance quotes based on your unique driving profile.
SHREVEPORT AUTO INSURANCE RATES BY COMPANY
|Company||Average Yearly Rate|
|Southern Farm Bureau||$1,498|
Shreveport car insurance costs by age
The age group that pays the least for car insurance in Shreveport are drivers in their age_50s ($1,918per year). Those in their age_40s don't pay significantly more ($2,116).
The Shreveport drivers who face the priciest insurance rates are teenagers. One of the most effective ways to lower your car insurance rates as a driver in Shreveport is to age out of your teens. In Shreveport, teenage drivers pay $10,846 — a full $8,730 more than the second-most expensive rate paid by an age group.
SHREVEPORT AUTO INSURANCE COSTS BY AGE
|Age||Average Annual Rate|
Shreveport auto insurance rates by gender and marital status
In some cases, a driver's marital status and gender may affect the auto insurance rates they pay. In most locations in the US, single drivers pay more than married drivers based on data that says they're more likely to file claims. Married drivers in Shreveport pay $105 less than single drivers for auto insurance. Rates for those who are widowed are also much cheaper than rates for those who are single. Interestingly enough, in Shreveport, widowed drivers pay less than those who are single.
Gender is yet another factor that can affect auto insurance premiums. In Shreveport, female drivers pay more for auto insurance than do male drivers: $106 per year, to be precise.
INSURANCE RATES IN SHREVEPORT BY MARITAL STATUS AND GENDER
|Marital Status/Gender||Average Yearly Rate|
Shreveport auto insurance rates by accident and violation history
Maintaining a clean driving record is an effective way to minimize your insurance rates. Speeding tickets, reckless driving citations, DUIs and DWIs, and at-fault accidents all can trigger insurance rate hikes.
Two of the most expensive driving violations from an insurance perspective are reckless driving and DUI. In Shreveport, a reckless driving citation results in an average insurance rate increase of $918 per year, compared to the citywide average. For comparison's sake, a DUI offense results in a $1,018 increase and a speeding ticket triggers a $426 rate hike.
AVERAGE SHREVEPORT INSURANCE RATES AFTER A VIOLATION OR ACCIDENT
|Incident||Average Yearly Rate|
|At-fault Accident (damages less than $1,000)||$3,247|
|At-fault Accident (damages greater than $2,000)||$3,266|
|Speeding Ticket (16-20 mph over speed limit)||$2,620|
Shreveport car insurance costs by credit level
Another major insurance rating factor is credit score. Drivers with bad credit histories typically face more expensive car insurance than do drivers with stellar credit. In Shreveport, an improvement in credit score from the "Very Poor" tier (300-579) to the "Exceptional" tier (800-850) corresponds to a 58% drop in car insurance costs. 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 Shreveport, improving your credit to "Fair" corresponds with a $1,503 decrease in annual car insurance rates.
SHREVEPORT CAR INSURANCE PREMIUMS BY CREDIT LEVEL
|Credit Score||Average Rate (annual)|