The report, Developments and Insights: Louisiana Insurance coverage Market, highlights that Louisiana stays one of many least reasonably priced states for private auto and householders’ insurance coverage. Analysis from the Insurance coverage Analysis Council (IRC) signifies that, in 2022, the typical annual expenditure for auto insurance coverage in Louisiana reached $1,588 – practically 40% above the nationwide common. Owners insurance coverage was equally pricey, with a median annual expenditure of $2,178, which is 54% above the nationwide common and accounts for 3.81% of the state’s median family earnings.
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