Louisiana is one of the most expensive auto insurance states in the country, with an annual average insurance rate of $2700. The insurance rates in Louisiana have been high for the last few years. There are many factors responsible for this: poor roads, natural disaster damage, etc.
There has been an astronomical increase of 155% in the Compound Annual Growth Rate (CAGR) in Alexandria. The insurance rates have increased from $900 in 2009 to $2300 in 2013. Alexandria is one of the less expensive cities to insure a car in the state, considering that the insurance rates here are below the state’s average of $2700.
Of the 9 major cities in Louisiana, Alexandria is the 4th least expensive. To afford a car in Alexandria, one would have to earn between $3230 and $5170 per month. Though the insurance rates in Alexandria are relatively low, they can shoot up if you are convicted of a drunk driving charge. Your insurance company is likely to increase your rate to $2800 after your first DUI conviction.
The average comprehensive coverage rate in Alexandria is $342, which is lower than the state average comprehensive insurance rate ($405).
Similarly, the average collision insurance rate in Alexandria is $342, well below the Louisiana state average collision insurance rate of $864.
Among the various models available in Alexandria, the Mercedes S65 AMG is the costliest one, with an annual insurance premium of $4200. The Jeep Patriot Sport is the least expensive, with a premium of $1700.
If we consider the insurance rates as well as the Manufacturer’s Suggested Retail Price (MSRP), the Kia Rio is the least expensive and the Kia Sedona is the most expensive. The Kia Rio has an MSRP of $16115 and insurance rate of $2100. On the other hand, the Kia Sedona has an MSRP of around $27359 and insurance rate of $1800.
In the SUV segment, the Kia Sorento is the most affordable option available. With an MSRP of $27020 and average annual insurance rate of $1800, the Sorento is a great choice in Alexandria. The Kia Forte is the most expensive car in the small car segment, with an MSRP of $18235 and an insurance rate of $1900.