Louisiana Car Insurance – Compare Best Car Insurance Companies, auto insurance new orleans la.

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Louisiana Car Insurance

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Louisiana is lovely, but car insurance in Louisiana can be ugly. New Orleans drivers pay rates that are among the highest in the country, and even the cheapest areas such as Baton Rouge pay dearly compared with their neighbors across the Arkansas border. We’ve got every ZIP code in Louisiana mapped out below, along with the range of state car insurance rates we got from sampling six major national insurance companies.

Louisiana car insurance requirements

What you need to know about car insurance in Louisiana

Louisiana has relatively low minimum requirements of $15,000 per person ($30,000 per auto accident) for bodily injury liability insurance, but that doesn’t help keep the price of a car insurance policy down. In Louisiana, there’s no such thing as cheap car insurance. Louisiana is known for overly generous claim settlements, which experts say cause the high car insurance premiums. The state insurance commissioner says that the New Orleans metro area is the worst culprit, with insurance settlements 40 percent higher than the statewide average.

Comprehensive insurance recommended for natural disasters: Natural disasters, such as hurricanes, tropical storms and tornadoes, also cause havoc and claims. A total loss is a more common occurrence in Louisiana than in other states. Collision coverage does not cover damage resulting from a natural event; if you want your car covered, you’ll need comprehensive coverage.

Cheaper uninsured motorist option: Optional uninsured and underinsured motorist coverage are offered together, but any insurance company in Louisiana should offer drivers the option of uninsured motorist economic-only coverage. For a lower premium, this coverage will only cover the cost of medical bills from any personal injury caused by uninsured drivers. It doesn’t include compensation for other items, such as pain and suffering.

No pay, no play law: Besides having your car’s license plates removed, vehicle impounded, and being fined for driving without automobile insurance, Louisiana also limits your ability to sue if you were driving uninsured and in a car accident. The state’s no pay no play law prohibits uninsured motorists from collecting for the first $15,000 in bodily injuries and first $25,000 in property damage, regardless of who was at fault in the accident.

Must be 18 to own a car: In Louisiana, minors cannot own a car, even if it is donated or gifted to them. An adult must sign the title documentation. Most insurance companies in Louisiana will also require an adult to sign insurance documents for a minor to obtain an auto insurance policy.

DWI penalties: A first offense of driving while intoxicated in Louisiana can initially cost you $4500 in court costs, fines, lawyer fees and insurance costs, and will stay on your driving record for 10 years. Your driver’s license will be suspended for 90 days on first offense and 1 year on a second offense. If you get your license reinstated after a DWI, you may need an SR-22 form to prove financial responsibility.

Requirements for vehicles over 20,000 pounds: Vehicles that have a gross vehicle weight or gross combined weight in excess of 20,000 pounds, typically commercial motor vehicles, are required to have higher liability coverage limits, per Louisiana law. The weight of the vehicle and their required car insurance coverages are as follows:

Vehicles with a gross vehicle weight of 20,001 to 50,000 pounds must have insurance coverage of at least 25/50/25 or a single combined limit of no less than $75,000.

Vehicles with a gross vehicle weight over 50,001 pounds must have insurance coverage of at least 100/300/25 or a combined single limit of $300,000.

Electronic proof of insurance is accepted here: Drivers can use a traditional paper insurance card or electronic insurance data to provide proof of auto liability insurance.

G – M Marine Inc – Auto Insurance New Orleans LA #auto #insurance #new #orleans


About G M Marine Inc

G M Marine Inc are an Auto Insurance company located in New Orleans, Louisiana. To obtain further information please phone G M Marine Inc on 504-588-9044.

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Now in our fourth decade, we take great pride in providing the highest level of services with the flexibility to handle any agent s brown water marine needs. We d love to quote your risk. We Use Only A-Rated Companies.

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Auto Insurance in New Orleans Louisiana

New Orleans based companies and organizations in the Auto Insurance section may offer a range of products such as liability insurance, comprehensive coverage, personal injury protection and collision coverage. Contact them directly to find out more about what products and brands they stock or click here for more Auto Insurance in New Orleans, LA.

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NADA Used Car Guide: Used Vehicle Prices to Slip in 2014 – NEW ORLEANS, Jan. 25, 2014 #free #cars

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NADA Used Car Guide: Used Vehicle Prices to Slip in 2014 Greater supply of used cars to end five years of price growth, but prices will remain at historically high levels.

NEW ORLEANS. Jan. 25, 2014 /PRNewswire/ — A sharp rise in the supply of late-model used cars and light trucks is expected to end a five-year run of price growth, according to the NADA Used Car Guide.

Late-model used vehicle supply will be more plentiful in large part due to an 18% surge in off-lease volume. The supply of units six to eight years in age, however, will continue to fall as a byproduct of the new vehicle sales decline from 2006 to 2009.

“These diverging trends will result in late-model used vehicle prices dropping more substantially than their older counterparts,” said Jonathan Banks. executive automotive analyst for the NADA Used Car Guide, at the 2014 NADA Convention Expo in New Orleans .

NADA predicts prices of used vehicles up to four years in age will decline by an average of 2.5% on an annual basis in 2014. By comparison, prices of units from five to eight years in age will essentially remain flat.

Collectively, NADA anticipates the average price of used vehicles up to eight model years in age will fall by 0.5% to 1% this year. In 2013, prices grew by a slight 0.4% and have increased 18% since 2007.

“Although availability of off-lease units will be better this year, it’s important to place volume levels into historical context,” Banks said. “Despite the increase, lease volume will still be 11% below 2009 levels.”

Volume growth will be highest for the segments with higher new sales over the past few years — compact utilities, subcompact cars, luxury cars and utilities. Conversely, tight supply for certain truck segments — mid-size vans, large SUVs and compact/large pickups — will see prices increase once again in 2014.

Supply aside, the outlook for other market fundamentals remain positive. The economy is expected to grow at its highest level since 2012, unemployment will continue to fall, home prices remain on the rise and credit conditions will continue to be advantageous.

“Economic factors, in addition to the increased dealer focus on used car operations and greater awareness of manufacturer certified pre-owned programs, will keep used vehicle prices at historically high levels despite the anticipated decline,” Banks said.

The four-day convention runs Jan. 24-27 at the Ernest N. Morial Convention Center. For more information, visit www.nadaconvention.org .

About the NADA Used Car Guide

Since 1933, NADA Used Car Guide has earned its reputation as the leading provider of vehicle valuation products, services and information to businesses throughout the United States and worldwide. NADA’s editorial team collects and analyzes over one million combined automotive and truck wholesale and retail transactions per month. Its guidebooks, auction data, analysis, and data solutions offer automotive/truck, finance, insurance and government professionals the timely information and reliable solutions they need to make better business decisions. Visit nada.com/b2b to learn more.

About NADA

NADA represents nearly 16,000 new-car and -truck dealerships with more than 32,000 domestic and international franchises. For more information, visit www.nada.org .

SOURCE NADA Used Car Guide