The report, Trends and Insights: Louisiana Insurance Market, highlights that Louisiana remains one of the least affordable states for personal auto and homeowners’ insurance. Research from the Insurance Research Council (IRC) indicates that, in 2022, the average annual expenditure for auto insurance in Louisiana reached $1,588 – nearly 40% above the national average. Homeowners insurance was similarly costly, with an average annual expenditure of $2,178, which is 54% above the national average and accounts for 3.81% of the state’s median household income.