While Louisiana’s property insurance crisis has commanded center stage since a rash of powerful hurricanes ravaged the coast and bayou country in 2020 and 2021, consumers here also are facing crushing auto insurance rates that are the most expensive in America as a percentage of their incomes.
The latest Bankrate rankings show Louisiana drivers pay 6.5% of their income, an annual average of $3,618, on auto insurance, the largest burden in the country. That percentage of income is up 1.76% from 2023, a whopping 38%.
Longtime Senate Insurance Committee Chairman Kirk Talbot, R-River Ridge, said lawmakers are focused on addressing both the property and auto industry crises during the legislative Regular Session that began Monday with scores of bills filed aimed to increase insurance affordability and availability.
