Monroe, LA Car Insurance

On average, Monroe drivers pay around $155 a month for their car insurance. To learn more about policy rates and coverage in the Monroe area, continue reading our guide below.
What rates should residents of Monroe expect to pay for their car insurance? How does Monroe compare to the surrounding area and the rest of Louisiana? You can find average cost breakdowns based on a wide array of factors in the charts and writeups below:  

How much is car insurance in Monroe?

Area Average Monthly Car Insurance Premium
Monroe$155
LA$169
United States$80

The cost of coverage in Monroe is about $14 a month cheaper than it is for the rest of Louisiana.

On the flip side, Monroe residents will likely pay higher rates to insure their vehicle than in the rest of the country. The average monthly payment for the rest of the U.S. is about is about $75 cheaper than it is in Monroe.

While these are the average monthly costs for auto insurance coverage in Monroe, you could end up paying something different. There are a variety of factors that car insurance companies assess when determining how much to charge you to get your vehicle insured. Variables like age, gender, vehicle make and model, driving record, and even credit score (depending on your area) can all be taken into consideration when determining your monthly payment amount.

We've broken down the average rates for Monroe to help you understand what exactly you might be asked to pay. If you think you might be overpaying for insurance in your area, enter your ZIP below and find out!

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Average Car Insurance Rates by Age

Age Range Average Premium
Under 18Not Enough Data
18-24$215
25-34$141
35-44$122
45-54$168
55-64$91
65+$108

Generally, the older you are the more experienced you are behind the wheel, right? That experience can lead to some serious savings when it comes to auto insurance premiums. In this case, 18-24-year-olds pay $107 more than someone who is at retirement age.

You can expect to see your monthly premium drop about once a decade or so. Drivers in Monroe may see their rates creep back up a bit once they hit retirement.

Average Car Insurance Rates by Gender

Gender Average
Male$177
Female$136

On average, female drivers pay slightly less for car insurance than their male counterparts. In Monroe, the difference is around $41 a month. As you can see in the chart above, car insurance for women in the area typically costs around $136 each month, while men pay $177 on average.

Average Auto Insurance Rates by Driving Record

Infractions Average Monthly Premium
1 Accident$312
Multiple Accidents$315
1 Ticket$352
Multiple TicketsNot Enough Data

Rates can vary wildly depending on your driving record. Those with clean records will obviously pay significantly less than those with infractions. In Monroe, a driving record with one accident will usually get you a rate around $312 a month. Likewise, if you have one ticket, you'll be looking at an average rate of around $352.

Accidents, tickets, and other driving infractions can cost you some serious cash. In order to reduce your monthly bill and get the cheapest car insurance possible, keep your record clean and drive carefully.

Average Insurance Rates by Vehicle

Vehicle Age Average Monthly Premium
Less Than 1 YearNot Enough Data
2-3 Years$188
4-5 Years$105
6-7 Years$119
8-10 Years$249
11-14 Years$126
15 Years or Older$151

According to the first table above, SUVs are usually the cheapest vehicles to insure in Monroe, with drivers paying around $140 per month for insurance.

Car owners, on the other hand, by and large pay around $157 per month, while truck and van drivers can expect to pay about $230 a month for car insurance coverage.

Depending on the age of your vehicle, you can also expect to see slightly different rates. Generally, the most expensive vehicles to insure are going to be newer ones. Once your car is a few years old, however, your monthly bill may start to dip back down. In Monroe, the most expensive vehicles to insure are vehicles eight-to-ten years old and two-to-three years old.

Average Car Insurance Rates by Relationship Status

Relationship Average Monthly Premium
Single (never married)$154
Married$163
Divorced$171
Widowed$78

Generally, car insurance is slightly cheaper for married policyholders. This can usually be attributed to their policies having multiple vehicles, a factor many companies offer special discounts for.

According to the table above, the difference in rates based on relationship status in Monroe can be as much as $9 a month, so it's worth taking into consideration.

Average Car Insurance Rates by Housing Situation

Housing Status Average Monthly Premium
Own$132
Rent$156
Live with parents$254

Your housing situation is another factor that affects your monthly rate. If you rent your home or apartment in Monroe, expect to pay around $24 a month more than if you own your home. But if you live with your parents, you can expect to pay a lot more.

That said, if you bundle your homeowners or rental insurance policy with your auto insurance, many companies will offer you a discount to make up for it and reduce your car insurance costs.

Car Insurance Companies in Monroe, LA

Recent trends in car insurance for Monroe drivers

Since car insurance rates are constantly changing, it's a good idea to know the local trends in your area before selecting an auto insurance policy.

The rates for auto insurance in Monroe decreased from 2016-2017, where they reached a low of $118, before leveling out in 2018. Rates decreased again in 2019, and finished up at $339 in 2021.

How does Monroe compare to neighboring areas?

Why are car insurance rates in Monroe different from other areas?

Car insurance companies will consider several factors when trying to decide how much to charge for a policy. The price of your insurance policy will depend largely on where you live and drive and will be influenced by things such as:

  • Community laws
  • Frequency of car accidents
  • Number of drivers in the area
  • Local crime rates
  • Availability of off-street parking

While you won't have the ability to change these factors yourself, they can be handy to keep in mind when seeking a new policy or considering a move. Get started with a guide like this to get familiar with the average rates of your area.

How can I find the cheapest car insurance in Monroe?

While getting familiar with what the average costs are for drivers like you can be helpful as you get an idea of what you might pay, the only way to know exactly what your rate will be is by requesting a quote from car insurance companies.

Don't worry, Compare.com does all of that work for you. Enter your ZIP Code below, answer a few questions, and you'll be comparing the cheapest quotes from the many car insurance companies providing policies in Monroe.

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Monroe Insurance FAQs

What factors affect car insurance quotes in Monroe?

Auto insurance companies take a wide array of factors into consideration when calculating your monthly payment. These include things like your vehicle's year, make and model, your age and gender, as well as your driving record, address, credit score, and marital status.

Why is the cost of car insurance in Monroe different from other neighboring cities?

Car insurance companies take local factors into consideration when determining how much to charge for coverage. Things like local laws, crime rates, and parking situations -- which can vary from city to city -- can significantly affect your rate.

Which car insurance company will offer me the cheapest rate in Monroe?

There isn't one company that will offer the cheapest rate to everybody. What companies will charge you are based on many different factors that vary from person to person, such as your driving record, what kind of car you drive, how many drivers will be on your policy, and a number of other factors. Because of this, it's a good idea to use sites like Compare.com to compare multiple quotes at once. That way, you can be confident you're getting the best price.

Do I need to change my insurance if I move to Monroe?

Whenever you relocate or experience another major life event, such as getting married or finding a new job, you should consider re-evaluating your current insurance policy. By using services like Compare.com to compare quotes from multiple companies at once, you can be sure to capture any new savings brought about by your new situation.

Do I need to wait for my policy to expire to switch to a different car insurance company?

Not at all, in fact you can switch companies at any point, regardless of how much time is left on your current policy. If you're thinking about moving to Monroe or haven't checked out the latest rates in your area for some time, it might be worth your while to take 10 minutes and see if Compare.com can save you any cash.

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