Tag: louisiana auto insurance

Florida has second most expensive auto insurance in the country

Marc
Auto insurance - car - Florida - Costs

Drivers in the state spend a larger portion of their income on coverage than most other Americans. Florida auto insurance customers are paying more for their car coverage than nearly any other drivers in the United States. To keep their coverage, Floridian motorists must send more of their paychecks to pay their premiums. This, according to the data published in a new Bankrate.com report, suggests that Sunshine State residents are paying more of their income for their auto insurance than other drivers across the country. In fact, an average of…

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This state now has the most expensive car insurance (no, it’s not Michigan)

Marc
Most expensive car insurance - United States Map

A new report has revealed that Michigan has broken its 7-year streak at the top of the high-priced list. Michigan has long been the state in which the drivers have had to face the most expensive car insurance premiums. However, according to the results of a new data analysis published in a report by insure.com, that state has now slipped into second place and a new one has taken the costly lead. As Michigan has stepped down into second place, Louisiana drivers now find themselves paying the most. Louisiana drivers…

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State Farm auto insurance rate cut gets the nod in Louisiana

Nordstrom
Auto insurance rate cut - Jar of pennies

State Insurance Commissioner Jim Donelon gave his approval to the decrease of 9.6 percent. Last week, Live Insurance News reported that State Farm had requested permission for an auto insurance rate cut. Now, state Insurance Commissioner Jim Donelon has given the necessary approval for the rate to be reduced by an average of 9.6 percent. This means that Louisiana drivers who are covered by State Farm have more savings ahead. State Farm’s auto insurance rate cut follows several others that have occurred over the last while. In 2018, the insurer…

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State Farm auto insurance rates drop in several states (including the most expensive)

Julie Campbell
State Farm auto insruance rates - Car on coins

The insurer has announced that drivers in many states will be feeling a bit of relief from their rates. State Farm auto insurance rates are falling in a number of states, including two of the most expensive places to drive in the country. Two states that will experience relief over what they had been paying include Michigan and Louisiana. Michigan drivers – who pay, on average, more than any other motorists in the country – will see an average State Farm auto insurance rate reduction of 3.5 percent. In total,…

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Louisiana car insurance is the least affordable in the country, says IRC study

H. Cutner
Louisiana car insurance - Driver - car - steering wheel

Insurance Research Council data found the state to be the most expensive and has high delinquencies. The Insurance Research Council (I.R.C.) released data from a recent study showing that Louisiana car insurance is the least affordable in the United States. Moreover, the state is also among the highest for payment delinquencies in the country. These details help to show the market challenges faced by buy-here, pay-here vehicle sellers. The study pointed directly at Louisiana car insurance as the least affordable among all American states. The I.R.C. study indicated that there…

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Most expensive auto insurance sold in Michigan and Louisiana

H. Cutner
expensive auto insurance policy car

While Michigan’s rank at the top hasn’t changed, Louisiana has climbed back up after having fallen. Expensive auto insurance has become a way of life in certain states, and for Michigan drivers that way of life is more costly than any other state. Similarly, Louisiana, which had been dropping in the ranks among the most costly to purchase coverage, is back in second place. There are many reasons that contributed to a state-wide trend of higher insurance rates than the rest of the country. In Michigan’s case, the reason remains…

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New auto insurance monitoring system has come to Louisiana

S.Vagus
auto insurance woman female

Monitoring system aims to ensure that police can enforce insurance requirements A new auto insurance monitoring system has been put to effect in some parts of Louisiana. The system is meant to be used by law enforcement to ensure that drivers have the coverage they need in effect. Per law, all drivers must have their vehicles insured. This coverage lapses when they do not pay their premiums, but it can take some time for this information to update through conventional channels. The new system will help police better enforce the…

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