LOUISIANA OFFERS NEW RATE GUIDES

Louisiana Acting Commissioner of Insurance J. Robert Wooley announced the compilation of new rate comparison guides for auto and homeowners insurance, which are available free of charge. “Both the auto and the homeowners guides give rate examples from more than 20 insurance companies in all areas of the state,” Wooley stated. “Whether a person needs rates for an 18-year-old single male, a 30-year-old married female, a retired 65-year-old or someone in between, the auto guide provides an example of rates different individuals can expect to pay. The homeowners guide offers approximate rates for new and older homes all across Louisiana with values ranging from $60,000 to $200,000.” Wooley noted that while the guides contain information on cost comparison, consumers should consider other factors—such as whether the company pays claims in a timely manner—before buying insurance from a particular company. He added that the Department of Insurance “can provide information on the national rating of each company and the number of complaints, if any, that have been filed against each company or agent.”