Choosing the Best Auto Insurance Policy: FAQ

Many questions come up when you’re searching for the best car insurance. Here are a few of the most frequently asked questions and our answers. If you have any questions about auto insurance rates in Louisiana, or policy features, contact Lanoix Insurance and speak with Randy, Bryan or David. We serve the Baton Rouge region from offices in Port Allen and Lutcher.

Question: How does a company determine my insurance rates?

Answer: Most insurance companies group potential customers based on characteristics such as age, gender, where you live, the vehicle you drive, and your driving habits. The cost of auto insurance in Louisiana depends on past claims experience with the group you are placed in. This means that if you are part of a group that has a high volume of claims, you will likely be charged a higher rate, and the opposite is true if you are part of a group that has a history of good driving and fewer claims.

Question: Are there regulations about the cost of auto insurance in Louisiana?

Answer: Every state requires companies to identify the way that they calculate rates, and once an insurance company discloses the rates to the state, it is not able to change those rates or the formula used in calculations. To ensure that the companies are compliant, regulators review the information and the rates that are charged.

Question: Do all insurance companies offer the same coverage?

Answer: While there are some basic types of coverage—for example, liability, collision, personal injury and medical coverage—not all insurance is the same. Factors that vary include deductibles, what is covered, who can be covered, and for how much. It’s important to have an independent insurance agent who can review the differences between policies from each company so you can get a plan that meets your specific needs.

Question: How much coverage do I need?

Answer: The amount of auto insurance coverage you need depends on a number of factors. The following are a few questions to consider.

  • How much can you afford as a monthly payment? Choosing a higher deductible and lower limits may cost less. But you want to balance cost with good choices on coverage that will truly prepare you for the risks of the road and the financial challenges you could face after an accident.
  • Are you still making payments on your vehicle? If the answer is yes, you may be required to have comprehensive and collision coverage on your motorcycle, pickup truck or car.
  • Can you exclude anyone from the coverage that lives at your house but does not drive? If so, this can be a great way to lower the overall monthly cost of your insurance policy.
  • Will you be insuring your home or purchasing a renters policy with the same company? You may qualify for a package policy discount.

Question: How can I be sure I choose the right coverage?

Answer: Reviewing car insurance quotes and coverage can be confusing. One of our agents will review the policy with you to help you understand all your options and recommend car insurance based on your needs.

Question: Can your agency lower my monthly premiums?

Answer: Our priority is helping you find the best auto insurance policy at the best price, and we will do everything we can to find you an affordable rate. We work with a wide variety of insurance partners so we can offer you a choice when it comes to policies. We will do our best to identify any discounts that you may be eligible for, including safe-driver discounts, multi-vehicle discounts and packages that combine auto insurance with other policies, such as homeowners insurance, for a multi-policy discount.

Question: Can I get free quotes from different auto insurance companies?

Answer: Absolutely. We serve clients in Baton Rouge and the River Parishes, Louisiana. You are welcome to contact us anytime or come by our office in Port Allen or Lutcher for free quotes and a review of your coverage options.

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