Saturday, March 17, 2012

Louisiana: Auto insurance too high car rates | News

For those of us who pay the bills, it?s no secret that the cost of vehicle insurance in Louisiana is out of control.

In fact, the $2,536 average cost to insure a car in Louisiana is the highest in the nation and nearly three times the $889 average cost in Maine, the lowest-cost state, according to a study by the website www.Insure.com.

The study cites several factors that drive up insurance costs, including a high number of uninsured drivers, state insurance laws, how many insurers compete in the state and whether recent natural disasters have pushed up claims.

We?d like to blame natural disasters for Louisiana?s high costs, but they were high before Hurricane Katrina swamped thousands of vehicles. ?Read more from the Article Source

Source: http://insuranceloanmortgage.com/louisiana-auto-insurance-too-high-car-rates/

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