Louisiana Teens’ Car Insurance Nearly Twice National Average

If you’ve lived in Louisiana for a hot minute, you know how expensive car insurance is for us all. So, it should come as no surprise that teens in the state also pay an exorbitant amount on auto premiums.

According to a new report by MarketWatch Guides, insuring a teen driver in Louisiana is 92% more expensive than the national average.

MarketWatch Guides analyzed brand-new cost data to uncover the true expense of insuring teen drivers.

The analysis showed that the average monthly full-coverage car insurance rate for drivers 16-19 years old across the country is $5,769.

But, as mentioned, it costs much more to insure Louisiana teen drivers. Below is how much it is to fully insure each different-aged teenager in the Bayou State:

• 16-year-old: $11,059
• 17-year-old: $8,200
• 18-year-old: $7,994
• 19-year-old: $8,522

16-year-olds in Louisiana pay the fourth-most annually in full-coverage car insurance. The worst state for that age is Connecticut at $13,116.

Best Providers of Car Insurance for Teens and Young Drivers

The report sourced here does bring a little help (and hope) to those needing to insure teen drivers. MarketWatch Guides put together a list of the best providers of car insurance for teens.

Their team reviewed over 100 car insurance providers and based on that research, here are their top five providers and the reasons why they liked these companies:

1. Liberty Mutual – Large service area, wide selection of coverage types and add-ons, great discounts for young or inexperienced drivers
2. State Farm – Over 100 years of industry experience, strong customer service and reviews, Steer Clear® discount program for young drivers, 25% good student discount
3. USAA – Affordable coverage rates, insurance add-ons available, insurance designed for active-duty military, veterans and families
4. Geico – East-to-use mobile app, rates lower than the national average, many discounts, and a usage-based insurance program
5. Erie Insurance – Affordable basic coverage rates, Erie Rate Lock® helps prevent rate increases, diminishing deductibles, and a wide range of available discounts

How Can You Save on Auto Insurance for Teens?

Even though it’s inevitable that you will pay the most, generally speaking, to insure teens versus all other age groups, there are some ways to lower insurance costs.

Stay on a Parent’s Policy — Adding a teen to an existing policy is usually less expensive than a young driver buying their own coverage. Having that experienced driver as the policyholder will help them qualify for a better rate.

Look for Discounts — There are discounts to be had, even for younger drivers. Insurance providers offer a multitude of ways to lower car insurance based on customers’ demographics or the types of vehicles they drive. Common car insurance discounts include good student, safe driver, multi-car, multi-policy, safety features, defensive driving course, and more.

Choose a Higher Deductible — This can be tricky. As you probably know, a deductible is the amount of money a policyholder pays up front on a claim before insurance coverage takes over. A low deductible means a higher premium and vice versa with a higher deductible. But do keep in mind that if you have a teen on your policy, filing a claim will be more likely.