Car Insurance with Bad Credit in Louisiana

The Zebra
March 12, 2019

It can be tough to find affordable auto insurance if you have bad credit. Insurers rely on credit tier as a primary rating factor, assigning premiums based partially on drivers’ credit histories. Because auto insurance companies rely on historical data showing drivers with bad credit histories have a greater likelihood of filing auto insurance claims, the companies account for for that additional risk by assigning expensive rates.

Your car insurance costs with bad credit depends on which company you choose, where you live, and a few other rating factors. See below typical insurance rates for drivers with bad credit in major Louisiana cities and rates from a few of the most popular auto insurance companies, , along with tips to save on car insurance if you have bad credit in Louisiana.


Car insurance with bad credit in Louisiana:

  1. Average rates
  2. Rates by city
  3. Costs by company

Car insurance rates with bad credit in Louisiana

Louisiana drivers face an average penalty of $2,026 per year for having a credit score in the “worst” tier. Drivers in the "poor" or "below fair to poor" credit tiers will also pay above-average rates for a car insurance policy.


LOUISIANA AUTO INSURANCE PRICES WITH BAD CREDIT

Credit TierAverage Annual Rate in Louisiana
Worst$4,251
Poor$3,819
Below Fair to Poor$3,509
Average — All Credit Tiers$2,225

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Auto insurance rates with a bad credit score in Louisiana cities

Car insurance rates will also vary depending on the precise area where you park your car. Insurance companies look at your address to estimate how likely you are to file a claim: the more claim-prone your area,, the more expensive your rates will be.

Listed below are major Louisiana cities and their average car insurance costs for drivers with low credit scores.


BAD CREDIT CAR INSURANCE RATES IN LOUISIANA CITIES

CityAverage Annual Rate — Worst CreditAverage Annual Rate — Poor CreditAverage Annual Rate — Below Fair to Poor Credit
New Orleans$6,571$5,887$5,410
Baton Rouge$5,032$4,521$4,162
Shreveport$3,867$3,475$3,192
Metairie$5,512$4,914$4,522
Lafayette$4,274$3,843$3,533

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Car insurance companies for bad credit in Louisiana

Another factor that contributes to how much you pay for auto insurance is the insurance company you select. Each and every car insurance company prices its policies in a unique manner, giving rating factors varying weights in their calculations. Credit can be a primary differentiator in price between otherwise-similar insurance companies. In Louisiana, the most affordable insurance company for drivers with bad credit is GEICO, which offers a premium cut of $1,141 per year in comparison to the second-cheapest company, Louisiana Farm Bureau Insurance.

See prices from major auto insurance companies in Louisiana for drivers with bad credit.


LOUISIANA CAR INSURANCE RATES WITH BAD CREDIT — POPULAR COMPANIES

CompanyAverage Annual Rate — Worst Credit
GEICO$2,620
Louisiana Farm Bureau Insurance$3,761
Allstate$4,093
State Farm$4,771
Progressive$4,872

If you're buying car insurance with a bad credit history, remember these tips:

  1. View auto insurance quotes
  2. Be smart with your claims
  3. Know what goes into auto insurance rates