Louisiana Auto Insurance Affordability: Latest Insights 2023
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Louisiana Auto Insurance Affordability: Latest Insights 2023

ByInsurance Sir

Louisiana auto insurance affordability has recently seen a slight improvement, dropping to 2.67 percent of the median household income in 2022 from 2.93 percent in 2020.Despite this positive shift, Louisiana still holds the unfortunate distinction of being the least affordable state for auto insurance, according to experts from the Insurance Research Council.

Louisiana Auto Insurance Affordability: Key Insights 2022
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Louisiana Auto Insurance Affordability: Key Insights 2022

ByInsurance Sir

When it comes to Louisiana auto insurance affordability, residents face unique challenges that stem from a combination of high costs and low median household income.In 2022, auto insurance expenses accounted for 2.67 percent of the median income, a slight improvement from 2.93 percent in 2020, yet Louisiana remains the least affordable state for auto coverage.