Baton Rouge, the capital of the state of Louisiana, is not immune from the menace of high insurance rates that plagues the state of Louisiana. Louisiana has the unfortunate distinction of leading the nation when it comes to high auto insurance rates. The average annual insurance premium of the state of Louisiana is $2,699, which is the highest recorded figure among the states. The capital city of Baton Rouge is, however, not far behind, with an average insurance rate of $2,328.
In this feature, we will examine the insurance rates of 8 best selling used cars in Baton Rouge: Toyota’s Corolla and Camry, Nissan’s Altima, Honda’s CR-V, Civic and, Accord, Ford’s F-Series, and Chevrolet’s Silverado. Which of these cars is the most affordable and costs the least to insure in Baton Rouge?
Let’s take a look at the numbers for the year range 2005–2012.
|Make||Model||Insurance Average ($)||Median Price ($)||Percentage of insurance as compared to median price (%)|
If you have the money to spare, the Ford F-Series is clearly a good investment, with an insurance percentage of a mere 6% of the cost.
If you do not want to spend all your savings on your car, the Honda CR-V is probably your best bet. With a median price of $15,900 and the lowest insurance average among all the cars, the CR-V makes a good contender as an affordable car.
The table above also illustrates the need to look at all three variables, i.e., the median price, the average insurance, and the insurance percentage, before choosing your car. While the Chevy Silverado and Ford F-Series have the lowest insurance percentages, their median prices are so high that the insurance percentage ceases to be relevant. These cars can only be considered by prospective buyers who prefer these cars and numbers do not matter.