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Shreveport Car Insurance
via Car Insurance Comparison by Editor on 11/22/11
Other than the fact that every driver is required to have continuing Shreveport car insurance coverage when driving in Louisiana, the most basic car insurance requirement is that which dictates the minimum levels of liability that will satisfy state car insurance requirements. New minimum levels of car insurance in the state of Louisiana went into effect as of January 1, 2010. After that date, Shreveport drivers and those throughout the state of Louisiana are required to carry insurance at least equal to 15/30/25 levels. That means that every driver must have ongoing coverage. Find automobile insurance by entering your ZIP code! The following are the minimum requirements:
- $15,000 per-person liability
- $30,000 total liability per accident
- $25,000 property damage coverage per accident
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Shreveport, Louisiana is in the upper Northwest corner of the state, less than 200 miles from Dallas and easily accessible from other large Southern cities. Shreveport's location is protected from the ravages of the annual hurricane season: It is more than 200 miles inland from the nearest coastal town. The general area is known as the Ark-La-Tex, the area where Louisiana meets Arkansas and Texas. Except for Shreveport, the Ark-La-Tex is a rural area where there is not a lot of industry and where unemployment has been an issue since the exit of the oil industry that formerly was so active in and around Shreveport.
Shreveport was highly dependent on the domestic oil industry in the past and suffered economic stagnation in the wake of the decline of that industry in the early 1980s. In recent years its industrial base has broadened significantly and it has developed a strong foundation in services, but it has lost 0.5 percent of its overall population since the last census. Currently, Shreveport's population stands at 199,242.
Shreveport Early History Information
Shreveport was incorporated in 1839 by the Shreve Town Company, and organization created for the purpose of establishing a town at the juncture of the Red River and the Texas Trail, which was a common overland route into Texas. The Red River was navigable by large steam-driven riverboats, establishing Shreveport as an important point of trade in the local area.Most of Louisiana saw much military activity during the Civil War, which led to Shreveport serving as the capital of Louisiana from 1863 to 1865, as two other earlier capital cities fell to Union control. Shreveport was a stronghold of the Confederates for longer than many expected it to last.
Shreveport Economy and Demographics
The Shreveport of the past depended heavily on a single industry, only to see that industry take a persistent downturn and take much of the good fortune of the area with it. Such is not the case today, however, and business and industry is much more diversified than in the past. Manufacturing and industry account for only one of every 8.8 jobs, with services much more highly represented in the region than either industry or agriculture.Diversity is the norm for the population of the area as well. The largest groups continue to be the black and white segments of the community, but they are not the fastest growing groups. That distinction belongs to American Indians, Asians and Hispanics. Shreveport's ethnic and racial composition is:
- 53.0 percent black
- 41.8 percent white
- 2.8 percent Hispanic
- 1.1 percent Asian
Shreveport Car Insurance Laws
As is the case in other states, the car insurance laws that affect drivers in Shreveport are established at the state level. Louisiana state law dictates minimum coverage levels, requirements for drivers to maintain proper documentation and how individual coverage is reported to the state. Car insurance companies in Louisiana are required by law to notify the state whenever an individual driver allows his car insurance to lapse. claims car insurance |
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Shreveport Car Insurance Companies
Every car insurance company licensed to do business in Louisiana may not choose to maintain a physical presence in Shreveport, or even within the Shreveport-Bossier City metropolitan statistical area. Instead, there are some licensed Shreveport car insurance companies that maintain only contractor adjustors in Shreveport and the surrounding areas. Shreveport car insurance companies that operate only online often used contracted adjustors rather than to invest in a standalone office in these tough economic times. Some of the country's largest car insurance companies do maintain a physical presence in Shreveport and the surrounding area.There are at least 65 car insurance agencies in Shreveport and neighboring Bossier City. About half of those are in Shreveport. Most of these agencies are attached to a specific car insurance company, but others are not. Those that are not attached to a specific Shreveport car insurance company are independent agents, meaning that they can offer the products of any insurance company licensed in the state of Louisiana. An independent agent is not obligated to any specific car insurance company, so he is able to suggest service providers of his choice.
Average Shreveport Car Insurance Rates
Louisiana has the dubious honor of having the second highest average car insurance rates in the country, second only to the District of Columbia. The average car insurance premium in the nation's capital is $1,126. Given DC's size and high crime rates, that higher premium is quite understandable. The average annual car insurance premium in Louisiana is $1,105. That premium is much more difficult to explain, however, at least in terms of the size of the local population and the rural characteristics of surrounding areas. North Dakota has low car insurance rates of all 50 states; it is worth noting that the same level of coverage purchased for $1,105 in Louisiana costs only $503 in North Dakota.Shreveport Driving and Car Insurance Statistics
The only data that is readily available regarding accidents in Shreveport is the number of traffic fatalities that occurred there in 2008. Local officials reported to the Fatality Analysis Reporting System (FARS) that there were 34 traffic fatalities in Shreveport in 2008, and that the average speed of the involved vehicles at the time of the crashes in which they were involved was 35 miles per hour. Of those fatal crashes, 74.19 percent were caused by males. Only 25.81 percent were caused by females. Thus any Shreveport driver can expect the supposed gender bias to hold true in Shreveport and the surrounding areas. Men – and particularly young men – can expect to pay significantly higher premiums than women in Shreveport. claims car insurance |
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Call to Action to Compare Shreveport Car Insurance Quotes
One industry observer states that it is critical that individuals periodically review and compare car insurance rates in their local areas. Premium car insurance rates can vary widely, but there is always at least one constant. That is that insurance companies want to retain the customers they have. It is costly to attract and retain new customers long enough to refer to them as established or long-term customers. If the individual comparing Shreveport car insurance rates finds a lower quote from a competing company and takes it to his current car insurance company, chances are that the current company will choose to meet the competitor's quote rather than lose the customer.Car insurance quote comparison clearly benefits the individual driver, but it benefits the Shreveport car insurance company as well. Both customers and providers benefit from free market competition. The driver is able to save some money, and the company is obliged to increase the quality of its internal management so that it can operate profitably with less revenue.
Generally, it is advisable for individuals to compare Shreveport car insurance premiums every year or two. Even where external conditions remain rather constant as is the case in Shreveport, changes in the industry across the country can and do affect local conditions and pricing. Compare and find Louisiana car insurance with our car insurance comparison tool!
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