Auto Liability Insurance Louisiana
Reader’s Question:
Can you please tell me what the minimum auto liability insurance required in Louisiana?
Brent
Baton Rouge, LA
In Louisiana, you are required to carry Liability insurance on your car. Each automobile you are required to have liability insurance limits of at least:
- $10,000 for Bodily Injury to one person
- $20,000 for Bodily Injury to more than one person in a single accident,
- $10,000 Property Damage Liability
This is usually referred to as 10/20/10.
This liability limits will increase to 15/30/25 as of Jan. 1, 2010.
This liability coverage pays for any personal injury and property damages for which you may be legally responsible, up to your policy’s dollar limits.
Cheap SR22 Auto Insurance
Reader’s Question:
How can I get cheap SR22 auto insurance in Louisiana?
Marty
Baton Rouge, LA
In Louisiana, your license will be suspended if you get convicted of any major offense such as DUI and you can’t drive until you get it reinstated. In order to have it reinstated, you need to buy an SR22 insurance first. SR22 Louisiana insurance is a form that your car insurance company issue to you and the Louisiana Department of Public Safety. You need to carry your copy of SR22 insurance every time you drive. The problem is that it is very expensive to maintain. But if you have a good credit rating, you may get cheaper car insurance. Shopping for cheap SR22 auto insurance quotes can also help you save.
SR22 Louisiana insurance is usually more expensive compared to other car insurance policies. In order to get a cheap SR22 Louisiana insurance, drivers should present a good credit rating. This would convince the car insurance company that the driver can pay for car insurance on time. You may also ask for any discounts that you may be eligible of.
It also helps if drivers shop and compare multiple car insurance quotes first before purchasing one. This would help them get only the best priced SR22 insurance in Louisiana.
Auto Insurance Louisiana LA
Reader’s Question:
What is the reason why the state of Louisiana require liability insurance?
Sean
Shreveport, LA
Liability insurance pays claims if you are responsible for damaging or hurting another individual or for damaging another individual’s property. Without insurance you would be personally responsible for taking care of these expenses which could run in to hundreds of thousands of dollars depending upon the type of injuries and the type of damaged car the other motorist and their passengers may have sustained.
According to Louisiana law, the only insurance you are required to carry is 10/20/10 liability coverage on your car. That is, if you are liable for injury or damage in an car accident, the minimum liability policy will pay up to $10,000 for bodily injury to one person up to $20,000 for bodily injury per accident to more than one person and $10,000 property damage per accident.
Female Motor Insurance Louisiana
Reader’s Question:
Hi! I am over 25 and I feel I’m ripe for my own car insurance. How should I shop for a good female motor insurance here in Louisiana?
Hanna
New Orleans, LA
You can start looking for a good company providing affordable female motor insurance Louisiana through the Internet. There are a lot of websites that can give you information on companies offering good rates for female car insurance, and how you can qualify for these policies. You will also find shopping online more convenient since you can compare car insurance quotes easily through a car insurance comparison website.
You may also ask your current insurance provider to give you discounts for your female motor insurance Louisiana. Unknown to many insurance policy holders, many of the top insurance companies offer discounts to their clients holding multiple policies with them. You will get substantial savings if your current insurance provider gives you discount for your auto insurance.
You can also ask a licensed car insurance broker about companies offering cheap female motor insurance Louisiana. A licensed car insurance broker has knowledge on the prevailing rates for female car insurance, and can give you information on how you can qualify for a really affordable car insurance policy.
Likewise, you may ask other car owners and colleagues about information on companies offering good female car insurance in Louisiana.
Automotive Liability Insurance Coverage Louisiana LA
Reader’s Question:
What automotive liability insurance coverage does Louisiana impose?
Andrew
Shreveport, LA
Having an automotive insurance policy entails many benefits, especially if your policy covers the minimum required by the state of Louisiana. Being a driver, you are expected to be responsible for your own safety and for the safety of those people around you (your passengers, fellow drivers and pedestrians). With liability automotive insurance, you get an assurance that damages to these people and to yourself are financially covered. This is a good way of protecting your assets because in effect, you are passing the financial responsibility to the automotive insurance company by letting them take care of the expenses brought about by the accident.
If you have a collision and comprehensive coverage, your automotive insurance will protect your vehicle from expenses brought by accidents, vandalism, or theft. This also serves as a financial responsibility guarantee to the institution where you borrowed money from to buy your vehicle. This coverage is most beneficial to those whose vehicles have high market values.
The Louisiana state law suggests that if you want to drive a motor vehicle, you should be able to present proof that you have the resources to cover any damages that you may cause to others. This proof of financial responsibility must cover 10 thousand dollars for the bodily injury claim of one person, 20 thousand dollars for the bodily injury claims of two or more persons (for one accident only), and 10 thousand dollars for the vehicle or property damage claims of the other party. This is referred to as the 10/20/10 minimum automotive liability coverage of Louisiana.
Tags: auto insurance coverage, auto insurance policy, car insurance law, collision insurance coverage, comprehensive insurance coverage
Auto Insurance Policy Cancellation Louisiana LA
Reader’s Question:
My friend just got in a car wreck here in Louisiana a few days ago, and when the police asked for her car insurance, they found out that it has been cancelled by the auto insurance company. She was unaware of the cancellation, and now she might be given more citations because of it. What will happen to her?
Crissy
New Orleans, LA
In Louisiana, there is a law called “No Pay, No Play” which is implemented when a person who does not have liability insurance gets involved in a car accident. The “No Pay, No Play” law is stated in the 1998 LA Revised Statute 32:866. According to this statute, the party who does not have liability insurance will not be allowed to collect for the first ten thousand dollars of the damages (for bodily injury or property damage claim), regardless of whose fault it was. Therefore, if you were found at fault, you would have to be personally responsible for the damages that you caused to the other party. Likewise, you would have to be personally accountable for your own damages since there is no automotive insurance policy that you could claim from.
Under ordinary circumstances, an automotive insurance policy in Louisiana can only be cancelled if you miss your premium payment date, if you file a counterfeit or fake claim, or if your driver’s license or car registration is suspended. If your automotive insurance company decides to cancel your policy, you should expect a twenty-day notice from them. If you request an explanation for the non-renewal, the automotive insurance company must also be able to provide you with the details in writing.
There should be no way for you not to find out that your automotive insurance policy is cancelled. However, in case you didn’t get any notification from the automotive insurance company, you could contact the Louisiana Department of Insurance to get some advice regarding this matter.
Tags: auto insurance policy, auto insurance premium, car insurance law, liability insurance
Lowering Car Insurance Premiums Louisiana LA
Reader’s Question:
I have purchased a car insurance policy here in Louisiana. Can I still lower my premiums?
Meg
Monroe, LA
I understand that you do want to save money, but bear in mind that your car insurance is there to assist against big losses when you get into an accident. It is really not just for minor incidents.
One way to lower your premiums would be to select higher deductibles. But in doing so, you must also be sure that you have adequate funds in your savings account to pay for the deductible costs if ever you have an accident.
Another thing you can do would be to cancel the coverages that you don’t need anymore–coverages for cars that you no longer finance through a bank or financial institution, or coverage on cars that are old and do not have much value, for instance. You must still be careful, though, because there are some cases that people canceled the coverages that aren’t required and were unfortunate enough to get involved in an accident with an uninsured driver, and they had to pay a large amount.
Finally, you should be aware of the discounts that are being offered by your car insurance provider. You can take safety driving courses, purchase safety and security devices or insure multiple cars with the same provider. You can also declare that you have an accident-free record or that you are a non-smoker, a preferred driver or a retiree. You can discuss with your agent in Louisiana the personalized discounts that you can avail of.
Tags: auto insurance coverage, auto insurance premium, Car insurance discounts, driving school
Teen Car Insurance Louisiana LA
Reader’s Question:
My teenage son recently got his driver’s license here in Louisiana. How much would his car insurance cost me?
Jonathan
Metairie, LA
Honestly speaking, it is very expensive to have car insurance for a teenage driver like your son. But there are, however, certain ways to minimize your costs when purchasing car insurance for your kids. After all, what’s important is your son’s safety and protection while he is out driving. And adding your teenage son to your policy can add to his security when traveling even though it means paying high premiums.
One way of reducing your costs is by ensuring that your son drives safely. Imagine that even just a ticket from a traffic cop or a slight damage to another car’s fender is enough to make your car insurance premium rates go higher. So, try and talk to your son about driving safely.
There are also companies in Louisiana that offer car insurance rates for teen drivers with a good rating and a good record. If your son has a good driving record, then that could mean lower rates for you. Just make sure that your son is included in your car insurance policy, and if it possible, you can add him as an occasional driver to further lower your rates.
Another thing to consider is the kind of car that your teenage son will be driving. Make sure that the car has a lot of safety features in it. I think it is also better that your son drives an older model or a much slower car to avoid accidents caused by speeding. A safe and inexpensive car can mean low car insurance rates for you as well. Although, of course, persuading your son to get a cheaper car can be challenging.
Keep in mind to check out different car insurance rates for teenagers. Not every company in Louisiana offer the same amount for premiums, so be sure to gather more information. There are a lot of websites on the Internet that can help you get a free quote. So buckle up and start surfing the Web.
Tags: teen insurance, Young driver car insurance
Auto Insurance Question Louisiana LA
Reader’s Question:
I just moved to Louisiana. Recently, I overheard my coworkers saying the state was a comparative negligence state. What does the term mean? How does it affect me?
Jamie
Shreveport, LA
When vehicular accidents happen, the first question that pops into people’s heads is: “Will my automotive insurance cover the damage?” Jamie, the answer to this question depends on which state you live in, what your car insurance coverage is and whether or not it was your fault. The policy varies depending on your location. For example, in some states, if you are the slightest bit at fault, the insurance company will not pay for the damages to your car or any injury you may have incurred. If I am not mistaken, this is called pure contributory negligence. You are either at fault or you’re not. This is a very strict system which I believe only five states currently follow.
If your co-workers refer to Louisiana as a comparative negligence state, that means the state takes into consideration the extent of your so-called negligence. After an accident, your automobile insurance company may conduct an investigation and send an adjuster to determine how much you were at fault and how much you are entitled to receive. The good news is this is negotiable. There aren’t fixed mathematical formulas to arrive at the figures. So get yourself a standard auto insurance and hire a good lawyer. Then again, nothing beats simply driving safely.
Tags: auto insurance, car insurance
Comprehensive Auto Insurance Louisiana LA
Reader’s Question:
Hi there! I’m John from Monroe, Louisiana. I’m planning to purchase a new SUV on an 84-month loan term. I once heard a story about a friend of mine whose brand new car got stolen before he was able to pay his loan off. Will a comprehensive insurance cover all my losses if this ever happens to me?
John
Monroe, LA
Well, John with a comprehensive auto insurance, you might be granted your car’s actual cash value at the time of the accident or theft. So if it was worth, say, $300 when it was totaled, your insurance company will pay you that amount.
As you may know, car values go down significantly in a matter of months. So the problem is the value of your vehicle when you lose it might be less than your outstanding balance. This depends largely on the terms of your loan. That means you will be receiving less (sometimes much less!) from your insurance company than the amount you owe for the car.
You can prepare for this situation by getting yourself a gap insurance. Basically, this type of insurance guarantees that you won’t have to pay the difference between the value of your car and your loan.
Let’s put it this way: If at the time of the accident, the actual cash value of your car is $300 and you still owe the car company $400 dollars, gap insurance will shoulder the $100 for you. There are however limits to the coverage. You should really visit an insurance dealer to get a clearer picture. Be sure to inform him of the details of your loan or lease, and ask him specifically what is included in the gap insurance coverage.
Tags: auto insurance, car insurance, comprehensive insurance coverage