An auto insurance policy is mandatory if you own a vehicle in the state of La. The coverage is based on the individual needs.
Louisiana requires a mimimum of 15/30/25 liability insurance on your vehicle. 15,000 is for bodily injury for one person, 30,000 bodily injury for more than one person and 25,000 to cover damage for another vehilcle. Insurance is not one size fits all, it is best to speak your insurance agent to discuss the coverage needed to protect your financial security.
Protects you if you are at fault in an accident liability will pay the other party injury and damage. While the state has a minimum requirement of coverage there are other options to best protect you
Coverage that repairs your vehicle. Although this is one of the most expensive coverage choosing a high deductible can lessen this premium. However this deductible is deducted from the claim per accident and out of pocket expense to you.
This coverage pays damage arising out of theft, fire, vandalism, glass breakage and flooding. Deductibles also play a part in the premium cost. Just keep in mind that this is also deducted from the claim amount. In the event of a total loss the claim will be on the actual cash value.
Payment is for you and your passenger for medical expenses regardless of fault.
Uninsured Motorists and underinsured motorists
Coverages pays for injury it other party is at fault and does not have auto insurance.
Underinsured coverage will extend additional cost if the other party does not have enough liability under their policy
Uninsured Property damage
This coverage is available if you do not have collision coverage on your vehicle. Although this is limited coverage for a minimum premium
Coverage for a vehicle while your vehicle is being repair or stolen. Usually up to 30 days towing & labor reimbursement due to mechanical breakdown as stated on your policy