How are auto insurance rates determined in Louisiana?

October 25, 2012

The amount you pay for auto insurance in Louisiana will sometimes differ from what others pay for the same coverage, because of variation in auto insurance rates. But why?

How are auto insurance rate determined in Louisiana?

Photo Credit: stevoarnold (Creative Commons)

Your auto insurance rates in Louisiana are generally based on the following factors:

  • Your driving record
  • Your geographic territory
  • Your gender and age
  • Your marital status
  • Your coverage history
  • Vehicle use
  • Make and model of your vehicle

All of these factors determine your statistical level of risk. For example, if you live in an urban area, there is a higher probability that you will make a claim on your auto insurance policy. Statistically, urban areas have more claims than rural areas.

Are you paying too much for Louisiana auto insurance?

So how do you know the insurance provider is determining your auto insurance rate fairly? Get auto insurance quotes from an independent agent like Guffey Insurance Agency, Inc. Guffey Insurance can provide you with rates and coverage options from multiple top insurance carriers in Louisiana, to ensure you’re getting the best coverage for the best price.

You don’t have to go it alone. If you need help, contact us at our office┬áin Baton Rouge. We’re an independent insurance agency, which means we work for you, not the insurance provider. We’ll help you to find a Louisiana auto insurance policy that’s right for you.