Louisiana Auto Insurance Rates Begin to Decline Amid Competitive Market
Louisiana's auto insurance market is showing signs of a shift as several insurers have filed rate decreases, reversing years of premium increases. Some companies have reduced rates by up to 15 percent, benefiting tens of thousands of policyholders statewide, including drivers in Shreveport and Bossier City. This trend is attributed to competitive pressures as insurers adjust their pricing to attract customers.