Louisiana High Risk Auto Insurance
With approximately 104 insurance companies licensed to underwrite and sell auto insurance in the state of Louisiana, buying high risk auto insurance may be expensive, but not difficult. Among the companies most likely to work with drivers considered to be high risk are companies like Direct, Foremost, Geico, Progressive, Shelter, and State Farm.
Tort System Rules in Louisiana
The state of Louisiana is a tort system state, meaning that one driver will be found at fault in any accident and held financially responsible for the medical and property damage expenses of all other parties involved. In order to protect drivers, Louisiana has instituted minimum liability insurance requirements for all vehicles operated on the roadways in the state. Drivers are required to have at least $10000 per person up to $20000 per accident bodily injury liability and $10000 in property damage liability. As these amounts seldom fully cover the costs of an accident, uninsured, underinsured vehicle coverage is offered as an option. Drivers should be aware that they may be sued for any deficits between the amounts covered by insurance and actual costs.
Proof of Insurance is Required at all Times
In the state of Louisiana, proof of insurance is required in the vehicle at all times. If a driver is pulled over for any reason and cannot provide such proof, the vehicle can be impounded on the spot. Louisiana also has a law that states any driver involved in an accident without insurance is personally responsible for all damages caused if at fault. This type of incident could require a drive to seek out high risk auto insurance