Louisiana's car insurance rates are falling
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Car insurance prices dipped last year after a post-pandemic stretch of skyrocketing costs, a new Insurify report finds.
Zoom in: Louisiana's annual full-coverage premiums fell 15% between 2024 and 2025, Insurify says, outpacing a national average 6% drop.
Yes, but: Full coverage in Louisiana is still projected to cost $2,361 by the end of 2026, according to the report, which is well above the $2,158 national average.
The big picture: Car insurance rates have been a sore spot for Louisianans for years, but prices finally began improving after the state has had fewer wrecks, less related litigation and fewer associated medical bills, insurance commissioner Tim Temple told KNOE.
Reality check: That relief comes after national car insurance costs rose 46% from 2022 to 2024, "partially due to risky driving behavior following the pandemic," said Insurify, an insurance comparison platform.
What we're watching: One of Gov. Jeff Landry's key targets going into the 2025 legislative session was insurance reform.
- Landry ended up signing a few bills that went into effect this year, which he says will continue to lower rates.