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| Louisiana Car Insurance |
As in every other state, the rules and regulations in Louisiana regarding auto insurance have their own laws that must be followed to keep all residents safe.
Having minimum liability insurance as mandated by the state will save all of their drivers from possible financial loss or loss of total assets at any given time.
Being on the road can be very risky and this rule was created to save excess costs in the event of an accident. This article is meant to inform LA motorists of what is required of them for their auto insurance policies.
All vehicles driving on the roads in LA must carry minimum liability insurance except for the following: state-owned vehicles, parade vehicles, and buses owned by the separate cities of LA.
The Minimum Liability Coverage is as follows:
15,000 for Body Injury/Victim or Death/Accident
$30,000 for Body Injury/victim or death/accident
$25,000 for Property Damage
This type of liability is also known as 15/30/25. Failure to meet the above criteria may result in a suspended SIM with heavy fines to pay for recovery.
Other coverage available:
Uninsured/Underinsured Driver coverage is optional, but highly recommended. If you are involved in an accident where other people did not have coverage or were not properly covered for this accident, you may be really out of luck. Talk to your agent and see about getting at least the minimum available UM/UIM coverage.
Louisiana insurance companies offer Collision/Comprehensive Coverage/and MedPay. This is optional if you want to increase the amount of coverage you have on your policy. Funeral expenses and medical bills can be expensive.
Sometimes your car may be stolen. Other times, the value of your vehicle is worth the extra money. Speak with your insurance broker to determine what type of coverage you need to add to your plan. This will save you a lot of headaches in unexpected events down the road.
Another reason to review additional options for coverage is that Louisiana is the Tort State. This means that the guilty person pays for all damages. This person may choose to sue and file a claim in civil court for additional damages if he so chooses. This can cut into your entire life savings at times. Most companies highly recommend additional coverage.
There is a "Exempted Drivers" policy in the state of LA, so be sure to list everyone in your household who will be driving your car.
In a national survey, Louisiana ranks as the 3rd most expensive state for auto insurance with an average annual cost of $1,094. It may pinch your pocket, but it's worth it in compliance with Louisiana rules and regulations regarding auto insurance.
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