A new report on auto insurance rates in Louisiana shows both good news and bad news. Value Penguin insurance expert Rob Bhatt found Louisiana has the second highest auto insurance rates in the U.S., but premiums are three-percent lower in 2026.
“The actual amount is not that much, but it is better than in years past when there was double-digit increases, most recently in 2024,” Bhatt said.
According to Value Penguin’s analysis, the average cost of auto insurance is expected to reach 327 dollars a month. Drivers in the towns in the of Sarepta and Hornbeck pay the lowest premiums, while those in Arabi and New Orleans have the highest premiums this year.
Bhatt says overall premiums are decreasing in Louisiana as a result of fewer accidents and lower inflation.
“Now they’ve reached a point where they are earning more than they are spending to fix cars, and now they are competing against each other, now you are seeing some companies lower their rates to get the upper hand on their competitors,” Bhatt said.
Bhatt says there is more good news – shopping around for auto insurance providers can lead to 34-percent in potential savings.
“It’s always good to shop around, but now you are seeing these rates stabilize and companies are starting to lower these rates a little bit, now is a particularly good time to shop around and see who has the best rates for your situation,” Bhatt said.