Monroe Car Insurance

Everything You Need to Know About Car Insurance in Monroe, LA

Monroe, LA is the parish seat of Ouachita Parish. More than 48,000 people call this city home, and the roadways can, at times, become quite busy with traffic. This can lead to more hazardous driving conditions, particularly on I-20. That is why complying with Louisiana’s auto insurance coverage mandate is so important. But finding an ideal Monroe auto insurance policy at an affordable rate can sometimes be quite a chore.

When you compare policies and rates from at least three reputable insurance companies before making a selection, you can save a lot of money on your premiums. Comparison shopping is easy when you have the help of an independent insurance agent in the Trusted Choice® network. These agents can work with many insurance providers to help you gather, review and compare a selection of competitively priced Monroe car insurance quotes. Find an agent near you to get started.

  • National average cost per year: $1,311
  • Louisiana average cost per year: $1,774
  • 4th most expensive auto premium in U.S.

Louisiana’s car insurance rates are some of the highest in the country, which makes comparison shopping even more beneficial. Of course, the average costs listed above are to be used only to get a ballpark idea of how much you can expect to pay for your policy. Your actual Monroe auto insurance costs will be calculated using several different considerations including but not limited to the following:

  • The make, model, year and safety record of your vehicles
  • The number of claims you have filed, i.e., your claims history, and your driving record
  • The age, sex, marital status and driving records of all licensed drivers in your household
  • The number of miles you drive each year
  • The amount of coverage you wish to buy
  • The amount of your deductible

Every insurance company you request quotes from is likely to calculate a different cost for your premiums, so comparison shopping is a great way to save money on your Monroe auto insurance.

Louisiana Car Insurance Requirements

  • Bodily injury liability: required
  • Property damage liability: required
  • Personal injury protection (PIP): not required
  • Uninsured motorist coverage: 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

Failure to carry car insurance that meets or exceeds Louisiana’s minimum coverage requirements can result in fines of between $100 and $700 plus a reinstatement fee that will vary according to how long your coverage has been expired. If you have insurance and are pulled over by a police officer but you cannot provide proof of coverage, the officer can either confiscate your plate and give you a temporary one that gives you three days to provide proof of coverage or the officer can impound your vehicle.

It is important to keep in mind that while the minimum coverage required by the state may be sufficient to protect your finances in most motor vehicle collisions, an accident that results in serious injuries or significant property damage can easily exceed these limits and put you in financial trouble. You may therefore want to consider purchasing higher liability limits with your policy.

Number of Uninsured Motorists in Louisiana

  • Number of uninsured U.S. drivers: 12.6%
  • Number of uninsured Louisiana drivers: 13.9%

Although driving without insurance in Louisiana is illegal, nearly one in seven drivers in this state is without coverage. This puts you at risk because if an uninsured driver is at fault for a collision with you, that person is responsible for covering your damage. It can be difficult, if not impossible, to collect this money, particularly if the offending driver has no assets to go after.

That is why it is a good idea to include uninsured motorist coverage with your Monroe car insurance. When you have this type of insurance, your insurance company covers your losses and then tries to collect payment from the responsible driver on its own behalf. This insurance also covers damage and injuries if you are involved in a collision with a hit-and-run driver.

Number of Auto Thefts in Louisiana

  • National number of thefts per 1,000 vehicles: 2.94
  • Louisiana number of thefts per 1,000 vehicles: 2.06

The Louisiana auto theft rate is lower than the national average, and the Monroe auto theft rate is even lower. In 2013, there was a total of 82 auto thefts reported in this city. That equates to 1.66 thefts per every 1,000 cars, which is only a little more than half the national average. This is something that insurance companies will take into consideration when calculating your car insurance rates.

If your car is stolen, your Monroe auto insurance company only compensates you for your loss if your policy includes comprehensive, or “other than collision,” coverage. This insurance covers all noncollision related damage such as that caused by property crimes, falling objects, floods and fires that are not caused by a vehicular accident.

Find the Best Monroe Car Insurance Policy

Nobody wants to pay unreasonable rates for car insurance. But if you bought a policy without taking the time to get rates from a few competing insurance companies, chances are you are needlessly paying more than you have to. That is why savvy car owners in Monroe turn to independent agents in the Trusted Choice network for assistance when they are shopping for competitively priced policies.

Trusted Choice agents make comparison shopping easy by doing the inquiry legwork for you. They can quickly provide you with a selection of customized auto insurance quotes from a variety of highly rated insurance companies and help you review and compare the policies and rates. Find a Trusted Choice agent with an office near you today to learn more about your Monroe car insurance options.

Now, who's ready to get their insurance problems solved?