High Frequency Of Collisions, BI Claims And Litigation Makes Louisiana Car Insurance Most Expensive Nationwide

 Thursday, November 8, 2018

 Live Insurance News

The Insurance Research Council (I.R.C.) released data from a recent study showing that Louisiana car insurance is the least affordable in the United States. Moreover, the state is also among the highest for payment delinquencies in the country. These details help to show the market challenges faced by buy-here, pay-here vehicle sellers. The study pointed directly at Louisiana car insurance as the least affordable among all American states. The I.R.C. study indicated that there are a number of factors leading to the costly nature of auto insurance in Louisiana. Among those issues are a high frequency of auto collisions, a high number of related injury claims, and the high instance of attorney involvement in litigation.