The report is part of a larger body of IRC research examining the issue of affordability by identifying the key underlying cost drivers. The specific factors driving high insurance claim costs can vary from state to state.
Louisiana's Rank Among Least Affordable States
High accident and insurance claim frequency:
Louisiana's average loss cost for bodily injury liability insurance (the amount paid in claims averaged over all insured vehicles, including vehicles without claims) was more than double the countrywide cost.
Higher rates of attorney involvement and litigation
Affordability Index (Auto insurance Expenditures as Percent of Median Income)
IRC members can download this report for free as part of their membership. Non-members can purchase access.
