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Louisiana is the least affordable state for home and auto insurance – report

December 14, 2023


Louisiana clinches the title of the least affordable state for both personal auto and homeowners insurance, the Insurance Research Council (IRC) revealed in a new report.

According to IRC’s findings, Louisiana’s insurance affordability crisis is due to a combination of factors, including a series of natural disasters, prevailing economic conditions, and the state’s litigation landscape.

For personal auto, IRC pointed to accident frequency, repair costs, injury claim frequency and severity, medical utilization, attorney involvement, uninsured motorists, litigation claims, and expenses as the key factors driving insurance costs in the state.

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