Mark Ballard: Despite new law, Louisiana’s auto insurance rates won’t go down next year; here’s why | Mark Ballard

Louisiana drivers will pay the highest prices for auto insurance in the nation next year despite having passed a sweeping tort reform law that was sold as a way to dramatically lower premiums by as much as 25%, an insurance industry executive, who was one of the primary forces behind the legislation, told a panel of primarily Republican businessmen and legislators, who helped pass the new law.

“Frankly, I think we’re going to be number one next year,” said Jeff Albright, head of the Independent Insurance Agents & Brokers of Louisiana. He was addressing the Aug. 6 meeting of Louisiana Economic Recovery Task Force, a group of mostly Republican businessmen and legislators put together by House Speaker Clay Schexnayder, R-Gonzales, and Senate President Page Cortez, R-Lafayette, to advise lawmakers and advocate policies.

Louisiana has had the nation’s second-highest auto insurance rates — the average here is $2,480 annually, according to

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The pros and cons of personal loans

If you need extra cash to pay for home improvements, finance a wedding or consolidate high-interest debt, you might want to consider a personal loan. Used wisely, an unsecured personal loan can fill a void in your budget without risking your home or other assets.



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Man looking at loan on tablet

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Advantages of personal loans

Personal loans are typically best for people who want to consolidate debt or finance a large purchase without putting up a home or vehicle as

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