Shreveport Car Insurance
Find the right car insurance policy for you.
Written by
Ann Herro has been writing about insurance and employee benefits for over 15 years. She has covered topics as easy as insuring a car, and as difficult as transparency in healthcare costs.
Anyone who has ever taken the Pines Road exit and entrance ramps on I-20 or has had to drive on Youree Drive during rush hour knows how dangerous Shreveport’s roads can be. Furthermore, slick road conditions and limited visibility present hazards during heavy rainfall, which is not uncommon in this city. You can protect your investment and finances with a Shreveport, LA car insurance policy.
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Shreveport, Louisiana Car Insurance Costs:
- National average annual premium: $1,311
- Louisiana average annual premium: $1,774
- 4th most expensive premiums in the US
Unfortunately for residents of Shreveport, Louisiana is one of the more expensive states in which to insure a vehicle. This does not mean, however, that you cannot find a reasonably priced policy that will meet your coverage needs. By maintaining a safe driving record, taking advantage of available policy discounts, and electing a higher deductible, you can potentially save hundreds of dollars a year.
Louisiana Car Insurance Requirements:
- Bodily injury liability: required
- Property damage liability: required
- Personal Injury Protection (PIP): not required
- Uninsured motorist: not required
- Minimum liability limits: 15/30/25
- Coverage up to $30,000 for all persons injured in an accident, subject to a limit of $15,000 for one individual, and $25,000 coverage for property damage.
As in all states, Louisiana requires its residents to carry liability insurance for all their vehicles at prescribed minimum coverage amounts. If you are caught operating a vehicle without the proper insurance coverage, you may lose your license plate and be given a temporary plate that allows you three days to remedy the situation, or your vehicle may be impounded.
These minimums are designed to protect you from financial hardships in the event of a motor vehicle collision and also serve to ensure that those who are not responsible for the collision are suitably compensated for their losses. If you are responsible for a collision that involves severe injuries, the state minimum liability coverage may not be enough to cover all the medical and property damage expenses. If this happens, you must make up the difference out-of-pocket. To protect yourself from exorbitant costs in the wake of a serious accident, you can elect to either raise your Shreveport car insurance liability coverage amount or purchase an umbrella insurance policy.
Shreveport, Louisiana Uninsured Motorists:
- National uninsured motorists: 13%
- Louisiana uninsured motorist: 13%
- Louisiana average vehicle repair cost: $2,585
The percentage of Louisiana vehicle owners without the required coverage is higher than the national average. Keep in mind that, whether or not you hold the required insurance coverage, you’re still responsible for any damage or injuries you cause in an accident. If you are in an accident with an uninsured driver, you’ll find it takes a lot longer to collect money from individuals without an insurance company. Uninsured motorist coverage is optional in Louisiana, but it will help you recoup damage and losses from an uninsured motorist faster. With uninsured motorist coverage, you’ll be able to collect money from your insurer to cover your costs, and your insurance company will collect from the liable driver.
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Should You Have Comprehensive and Collision Coverage?
Comprehensive coverage will provide you with reimbursement for damages to your vehicle due to severe weather, falling objects, fire, flood, theft or vandalism. Collision coverage will provide you with compensation for repair costs if your vehicle is damaged in an accident, regardless of fault.
If you financed the purchase of your vehicle, your lender may have required you to carry these two additional coverage types for the life of your loan. If your vehicle is paid off, the decision about whether to purchase this coverage is one that you must make based on several factors unique to your situation. It is important to weigh the pros and cons of purchasing this additional coverage so that you can make an informed decision about whether it is right for you.
Number of Thefts in Shreveport, Louisiana:
- National vehicle thefts (per 1,000 registered vehicles): 2.28
- Louisiana vehicle thefts (per 1,000 registered vehicles): 2.47
The rate of vehicle theft in Louisiana is a bit below the national average. This crime has been steadily declining over the years and nowhere is this trend more apparent than in Shreveport. In recent years, this crime dropped by more than 50%. In 2006, residents of this city reported 1,263 auto thefts (or 6.7 thefts per every 1,000 vehicles). Now this number had dropped to just 496 (or 2.50 per every 1,000 vehicles). While the rate of auto theft in Shreveport has dropped significantly, it is still above the national average. Therefore, residents of this city are still strongly encouraged to lock their vehicles when not in use, park them in garages or well-lit areas, and consider investing in anti-theft devices.
Obtain a First-Rate Shreveport Car Insurance Policy
Insurance experts advise that when shopping for a car insurance policy, you should obtain a minimum of three policy quotes so you can be sure that you are getting your coverage at a competitive rate. Comparison shopping can often be time-consuming because you must provide each insurance company with several personal details as well as detailed information about your vehicle. An agent can simplify this process and save you time by doing the comparison shopping for you.
Your neighborhood independent insurance agent can continue to assist you after you have purchased your car insurance policy. This agent will be available to help you with all of your insurance-related needs and questions and can even advocate for you during the claims process if you require assistance. Contact an agent near you today to obtain your obligation-free selection of Shreveport auto insurance quotes.