Insurance Commissioner Jim Donelon says his department’s new online system will make it easier for Louisiana residents to shop for the best insurance rates in their cities.
The auto insurance guide launched Dec. 17 compares quotes for a 2004, 2007 or 2010 Toyota Camry driven by people of different ages, with different driving records. The homeowners’ guide compares quotes for a brick house that’s less than one year old or 5, 15 or 25 years old, at varying levels of coverage.
Take a 25-year-old house with $75,000 in building coverage, $37,500 for contents, a 2 percent hurricane deductible and a $500 deductible for all other peril. The 46 quotes for New Orleans, range from $596 to $3,370, with only four below $1,000. In Shreveport, 45 quotes for that scenario went from $466 to $1,184, with only five for more than $900.
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