What Can Affect My Louisiana Auto Insurance Premium?

Louisiana state flagHow much someone pays for automobile coverage is dependent on a variety of details that can differ with every motorist. Insurers typically examine numerous characteristics when determining the price of a policy, but rates are also capable of changing over time as a person's car ages or his or her driving record is altered. Whether a resident's premium increases or decreases is often dependent on the amount of coverage that is purchased, accident frequency, and how many discounts a person utilizes. With an adequate amount of effort, a resident may be able to take an active role in adjusting how much he or she pays for vehicle insurance by shopping around and making simple policy alterations.

When an insurer determines a premium for a Louisiana auto insurance policy, it usually looks at a motorist's personal information as well as details about the car to be insured . All of this data usually corresponds to an individual's risk factor, and drivers with a greater risk of filing a claim typically receive higher rates. These results are generally based on many different statistical findings. For example, men are statistically more likely to get in an accident than women, and teenagers have a chance of being in a crash that is four times greater than that of other age groups. Although the details of companies' rating methods are unique, the majority of insurers look at the following factors:

  • Age
  • Gender
  • Marital status
  • Location
  • Vehicle year, make and model
  • Driving record
  • Desired coverage

Because there is such a diverse array of details that can contribute to a person's premium, to find the cheapest LA car insurance a resident may want to complete an online quote comparison. This usually allows drivers to see estimates from numerous insurers and choose the lowest priced policy. When completing a comparison , it's important to evaluate policies that contain the same amount of coverage to get accurate information. By shopping for a policy with the help of these tools, a motorist can usually take advantage of the many different details that are used to determine a person's rate and utilize the price differences that may arise.

Louisiana street signA motorist's driving record can have a big impact on his or her coverage costs. People with frequent accidents or citations usually see higher rates, and motorists should know that accidents can happen anywhere. The Highway Safety Research Group at the Louisiana State University estimates that in 2009 there were roughly 109,800 property damage crashes and another 729 fatal crashes. Avoiding these accidents and driving safely can usually result in lower premiums and additional good driver discounts. Being involved in multiple accidents, on the other hand, may result in a driver having to buy high risk auto insurance designed to insure people with poor records. By obeying traffic laws and being aware of the numerous details that are used to determine coverage costs, residents may have a better chance of keeping their premiums affordable.