Monroe, LA Car Insurance

Compared to their surrounding area, how do rates in Monroe stack up? What about against the rest of Louisiana? What should residents of Monroe expect to pay for their car insurance? You can see the cost breakdowns and contributing factors in the charts and writeups below:

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How much is car insurance in Monroe?

Based on the above chart, auto insurance policies in Monroe are about $12 a month cheaper than in the rest of Louisiana.

Drivers relocating the Monroe should take note of the differences in average rates. It's about $91 more expensive for coverage in Monroe than the average rates for the U.S. as a whole.

While these numbers represent the average monthly payments for coverage in Monroe, that doesn't mean it's what you'll pay. Insurance companies take in a variety of factors when determining how much to charge you for coverage. Your monthly premium is calculated off of your age, gender, vehicle make and model, driving record, and even your credit score depending on the circumstances.

But don't worry, we've broken down the average rate for Monroe residents based on several different factors so that you can get a more accurate idea of the bill you'll see each month. If you think you might be overpaying for insurance in your area, enter your ZIP Code below and find out!

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Average Car Insurance Rates by Age

Generally, the older you are, the more experienced you are on the roads, right? That experience can lead to some serious savings when it comes to auto insurance bills. According to the table above, you can see that 18-24-year-olds pay $102 more than drivers 65 and older.

Every ten years or so you can expect to see a decline in your monthly premium. Once you hit retirement age, however, your rates may begin to go back up in Monroe.

Average Car Insurance Rates by Gender

On average, female drivers pay slightly less than male drivers for car insurance. This rings true in Monroe, where women pay around $7 less per month than men. As illustrated in the table above, female drivers in the area pay about $168 on average, while male drivers pay around $175 each month.

Average Auto Insurance Rates by Driving Record

Rates can vary wildly depending on your driving record. Drivers with clean records will pay much lower rates than those with accidents or violations. Drivers in Monroe with one accident will pay around $278 a month. Similarly, if you have one ticket on your record, you will be looking at an average rate of around $244.

Accidents, tickets, and other driving infractions can cost you some serious cash. So, if you're looking for cheap car insurance, drive carefully and keep a clean record.

Average Insurance Rates by Vehicle

In terms of affordable coverage, the cheapest vehicles to insure in Monroe are typically cars, at $168 per month.

Truck and van drivers will see rates of about $193, while the rates for SUV owners average out to about $178 per month.

Depending on your vehicle's age, 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 about 5 years old, however, you may see your rates begin to drop back down. In Monroe, the most expensive vehicles to insure are vehicles eight-to-ten years old and eleven-to-fourteen years old.

Average Car Insurance Rates by Relationship Status

More often than not, married policyholders will pay slightly less for auto insurance coverage. This oftentimes is a result of owning multiple vehicles that are on the same policy, something that will often get you a discount.

Married couples, on average, pay less than single drivers do to insure their vehicles. This holds true in Monroe, with married couples paying about $10 less per month.

Average Car Insurance Rates by Housing Situation

Another factor that comes into play is your living situation. Those who own their own home in Monroe can expect to pay around $39 a month less than those who rent. Those who live with their parents, however, can expect to pay a lot more.

Bundling your home or rental insurance with your auto insurance can oftentimes reduce your average premiums, depending on your insurance company.

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 car insurance in Monroe have been mixed as of late, they rose in 2017, fell in 2019, and increased again in 2021, before finishing at $247 in 2022.

How does Monroe compare to neighboring areas?

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

Car insurance companies take in a variety of factors when choosing how much individual insurance policies will cost. Where you live will also have a significant impact on your personal policy. This may include things like:

• Local regulations
• Off-street parking availability
• Crime
• Total number of drivers in the area
• Number of car accidents

Knowing the make-up of these factors can be helpful when deciding on purchasing a new policy or thinking about making a move. Knowing that different towns and cities will all have different rates, guides like these can be a good way to get a lay of the land of your particular neighborhood.

How can I find the cheapest car insurance in Monroe?

While knowing 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.

But wait! Compare.com does all of that work for you. Just enter your ZIP below, answer a few questions on you and your car, and you'll be comparing the cheapest quotes from many of the car insurance companies that offer auto coverage in Monroe.

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Monroe Insurance FAQs

What factors affect car insurance quotes in Monroe?

Quotes are calculated by car insurance companies who take multiple factors into consideration, including things you can't control like your gender and age, but also factors like your address, driving record, credit score, and marital status.

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

Auto insurance companies consider regional factors, such as crime rates, parking situations, and local laws into account when calculating the monthly rate for coverage. Since these can all vary from city to city the rates you may see can differ from neighboring areas.

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

No one insurance company is guaranteed to offer the cheapest rate across the board. Since companies base their rates on factors that differ from person to person, such as driving record, number of drivers on the policy, vehicle make and model, and many more, it's a good idea to use sites like Compare.com to compare multiple quotes at once.

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

Any time you experience a major life event, whether it's moving to a new area, getting married, finding a new job, or other notable events, it's always a good idea to re-evaluate your current insurance. Certain companies offer cheaper insurance in certain cities, so even if you were getting the cheapest rate at your old address, it doesn't mean it'll still be the cheapest at your new home. That's why it's always good to use services like Compare.com to compare quotes from dozens of companies side-by-side.

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

No. In fact, you can swap companies at any point, regardless of how much time is left on your current coverage. So, whether you're moving to Monroe or just curious about rates in your area, why not take 10 minutes to see if Compare.com can save you money?