The report, Developments and Insights: Louisiana Insurance coverage Market, highlights that Louisiana stays one of many least inexpensive states for private auto and owners’ insurance coverage. Analysis from the Insurance coverage Analysis Council (IRC) signifies that, in 2022, the common annual expenditure for auto insurance coverage in Louisiana reached $1,588 – almost 40% above the nationwide common. Owners insurance coverage was equally pricey, with a median annual expenditure of $2,178, which is 54% above the nationwide common and accounts for 3.81% of the state’s median family revenue.
