Ever since the hurricane Katrina hit Louisiana, the rates for auto insurance have hiked up to an extent that now it ranks the highest in the nation with the drivers paying a yearly premium if about $2510 as posted by web site insure.com.
NAIC ahs data only till the year 2007 but another study by it shows the ascending insurance prices when compared with the other states. Fro the year 2003 to 2005, based on the average auto insurance premium rates, Louisiana ranked the 4th, climbing up to the 3rd place in 2006 and 2nd in 2007.
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