Gap Insurance in Louisiana (2026)
If you total your car, a gap insurance policy can help bridge any difference between your insurance payout and the amount you owe on your car loan.
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Written byJessica Martel
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Jessica MartelInsurance Writer
7+ years in personal finance writing
Certified Financial Education Instructor
Jessica is a freelance writer, professional researcher, and mother of two rambunctious little boys. Her work has appeared in Time’s Stamped personal finance marketplace, Consumer Affairs, Forbes Advisor, Money Under 30 and more.
Jessica specializes in personal finance, women and money, and financial literacy. Jessica is fascinated by the psychology of money and what drives people to make important financial decisions. As an Insurify contributor since July 2023, she’s written hundreds of articles aimed at helping readers make informed decisions about insurance.
She holds a Masters of Science degree in Cognitive Research Psychology, and is a National Financial Educators Council Certified Financial Education Instructor.
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Edited byAshley Cox
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Ashley CoxSenior Managing Editor
7+ years in content creation and management
5+ years in insurance and personal finance content
Ashley is a seasoned personal finance editor who’s produced a variety of digital content, including insurance, credit cards, mortgages, and consumer lending products.
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Reviewed byDavid Marlett
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David MarlettAdvisor
David Marlett is the Managing Director of the Brantley Risk and Insurance Center. He is a professor in the Department of Finance, Banking, and Insurance at Appalachian State University and holds the IIANC Distinguished Professorship. David also serves on the Board of Directors for the Invest program and previously chaired the Loman Advisory Committee for the CPCU Society.
David has taught courses in Risk Management and Insurance for the last 25 years, starting at Florida State University while in the doctoral program. Prior to graduate school, David worked as a commercial lines underwriter for USF&G in Tampa.
He serves as a resource on insurance issues and is a frequent media contributor. He has been quoted by a wide range of outlets, including The New York Times, CNN, Reuters, and NPR.
David has been reviewing articles for Insurify since March 2025.
Updated
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Table of contents
Gap insurance, or guaranteed asset protection, is an optional type of car insurance you can buy if you finance or lease your vehicle. If something damages your car or someone steals it, this coverage pays the difference between your loan balance and your insurance claim payout. You should consider buying gap insurance if you owe more on your car than it’s currently worth.
Some lenders and lease companies require gap insurance as a condition of the financing agreement. Here’s what you need to know about finding gap insurance in Louisiana.
Quick Facts
A full-coverage policy in Louisiana costs an average of $179 per month. Adding gap coverage to your policy typically only costs an extra $2 per month.
USAA, Allstate, and Progressive are some of the best gap insurance companies in Louisiana.
You can purchase gap insurance from a car dealership or insurance company, but it usually costs more at a dealership because the lender will roll it into your loan balance and you’ll pay interest on it.
How gap insurance works
If your insurer deems your car a total loss — or if someone steals your vehicle — gap insurance can kick in after your insurance company pays out your collision and comprehensive coverage claim. Gap insurance can help pay the remaining amount you owe on your car loan or lease.
While collision or comprehensive insurance will cover the cost of the car’s actual cash value (ACV) of your car, minus your deductible, this might not cover the amount you still owe because of depreciation. After a year, new cars typically lose 20% of their value.[1]
To avoid paying out of pocket, you can purchase gap insurance coverage from the dealership or an insurance company when you buy or lease a vehicle.
Find Gap Insurance in Louisiana
Full-coverage rates start at $110 per month
Excellent
4.7 out of 5 based on 12,498 reviews
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What gap insurance covers in Louisiana
Gap insurance in Louisiana covers the difference between the amount of your claim payout and what you owe on your car loan or lease if you total your vehicle. For example, let’s say you get in a crash that totals your car, the insurance company finds that the current market value of the vehicle is $20,000, and you still owe $25,000 on your loan.
After your $1,000 deductible, your insurance company pays you $19,000 to cover the cost, leaving you with a remaining $6,000. If you have gap insurance, this will help cover the remaining $6,000. Without gap insurance, you’ll have to pay out of pocket.
Keep in Mind
Gap insurance doesn’t cover regular car maintenance, damage due to an accident, or damage to property. It also won’t pay for a replacement vehicle if you total your car. A separate replacement insurance policy can help you purchase a car similar to your totaled vehicle.
Best gap insurance companies in Louisiana
The best insurance companies provide quality coverage, have high customer satisfaction ratings, and earn high Insurify Quality (IQ) Scores. Here are the best gap insurance companies in Louisiana.
USAA
| User Reviews | 4.9 |
|---|---|
| IQ Score The Insurify Quality (IQ) Score uses more than 15 criteria to objectively rate insurance companies on a one-to-ten scale. The Insurify editorial team researches insurer data to determine the final scores. | 9.1 /10 |
| Liability Only Liability-only insurance, sometimes called minimum-coverage insurance, pays for bodily injury and property damage to others in an accident the policyholder causes. It does not pay for the insured’s own damages. | $81/mo |
| Full Coverage Full-coverage car insurance generally includes liability, collision, and comprehensive coverage, and may include other optional coverages such as uninsured motorist coverage. Collision covers a policyholder’s repair or replacement costs in case of an accident. Comprehensive covers damages caused by non-accident events. The average quote displayed here reflects policies with the following coverage limits: $50,000 bodily injury liability per person; $100,000 bodily injury liability per accident; $50,00 property damage liability per accident; $1,000 collision deductible; and a $1,000 comprehensive deductible. | $138/mo |
4.9
Best choice in LouisianaBased on 3,140 verified driver reviews and ratings
How drivers feel about USAA
Customers appreciate the insurer’s reliable customer service and claim handling but express concerns about high rates and frequent price increases. Some also find the insurer’s security protocols and communication methods frustrating.
AI-generated from the text of verified reviews collected by Insurify
Best in Louisiana for
Members of the military community
Outstanding customer service
Competitive rates
How drivers feel about USAA
Customers appreciate the insurer’s reliable customer service and claim handling but express concerns about high rates and frequent price increases. Some also find the insurer’s security protocols and communication methods frustrating.
AI-generated from the text of verified reviews collected by Insurify
Best in Louisiana for
Members of the military community
Outstanding customer service
Competitive rates
Showing 6 reviews from Louisiana drivers - See all 1,480 USAA reviews
Byron
Verified Review
How the System Operates
Reviewed in Louisiana on February 28, 2026
You have to log in to the site to specify if you are a driver or passenger, etc. The more miles on the vehicle, the more you pay monthly. There's a basic rate, and then mileage takes over.
Milton
Verified Review
Best Customer Service
Reviewed in Louisiana on December 23, 2025
They take good care of me.
Ken
Verified Review
Very fair
Reviewed in Louisiana on November 1, 2025
No complaints. I've been with USAA for a very long time, and their prices are fair.
Howard
Verified Review
Avoid USAA
Reviewed in Louisiana on October 21, 2025
Worsening service for increasing costs.
Frank
Verified Review
Good
Reviewed in Louisiana on April 19, 2025
The insurance is good but it's pricey.
Leo
Verified Review
USAA Stands Above Everyone
Reviewed in Louisiana on April 10, 2025
After comparing all other companies for the best coverage and best price, USAA came out on top.
JD Power
J.D. Power data measures overall customer satisfaction and claims satisfaction based on a 1,000-point scale.
739NAIC Index
Average amount of customer complaints relative to competitors on a 0-5 scale. A lower score represents fewer complaints.
1.31A.M. Best
A.M. Best analyzes an insurer’s financials, operating performance, business profile, and other factors to generate an opinion-based rating of a company’s financial and credit strength. Ratings range from A++ (exceptional) to D (poor).
A++Why we picked this company
USAA offers car replacement assistance coverage, which is similar to gap insurance but with more benefits. If you total your car or someone steals it, USAA will pay off your remaining loan balance, but it’ll also give you 20% more than what your vehicle is worth. You can decide how to use the money, including for a down payment on a new car. But this coverage doesn’t apply to leased vehicles.
Pros
Low premiums
SafePilot program rewards good driving with a discount of up to 30%
Cons
Only available to active-duty military, veterans, military spouses, or children of service members or veterans
No 24/7 live customer phone support
Allstate
| User Reviews | 3.8 |
|---|---|
| IQ Score The Insurify Quality (IQ) Score uses more than 15 criteria to objectively rate insurance companies on a one-to-ten scale. The Insurify editorial team researches insurer data to determine the final scores. | 8.9 /10 |
| Liability Only Liability-only insurance, sometimes called minimum-coverage insurance, pays for bodily injury and property damage to others in an accident the policyholder causes. It does not pay for the insured’s own damages. | $105/mo |
| Full Coverage Full-coverage car insurance generally includes liability, collision, and comprehensive coverage, and may include other optional coverages such as uninsured motorist coverage. Collision covers a policyholder’s repair or replacement costs in case of an accident. Comprehensive covers damages caused by non-accident events. The average quote displayed here reflects policies with the following coverage limits: $50,000 bodily injury liability per person; $100,000 bodily injury liability per accident; $50,00 property damage liability per accident; $1,000 collision deductible; and a $1,000 comprehensive deductible. | $178/mo |
3.8
A solid option in LouisianaBased on 9,493 verified driver reviews and ratings
How drivers feel about Allstate
Drivers appreciate the friendly customer service and efficient claims processing, but many find the rates too high and experience unexpected price increases. Some also report poor communication from agents.
AI-generated from the text of verified reviews collected by Insurify
Best in Louisiana for
Accident forgiveness
Wide availability
Cheap rates
How drivers feel about Allstate
Drivers appreciate the friendly customer service and efficient claims processing, but many find the rates too high and experience unexpected price increases. Some also report poor communication from agents.
AI-generated from the text of verified reviews collected by Insurify
Best in Louisiana for
Accident forgiveness
Wide availability
Cheap rates
Showing 22 reviews from Louisiana drivers - See all 4,277 Allstate reviews
Miriam
Verified Review
Excellent
Reviewed in Louisiana on February 27, 2026
I've been with Allstate for over 40 years. They must be doing something right.
Judy
Verified Review
Good Experience
Reviewed in Louisiana on February 20, 2026
I did not have any issues with my car while being insured with Allstate.
Nancy
Verified Review
Shopping around
Reviewed in Louisiana on February 16, 2026
I love Allstate, but they are too expensive for me. I’m on a fixed income now and have to find a cheaper insurance company.
Richard
Verified Review
Average
Reviewed in Louisiana on February 1, 2026
Keeps increasing with no claims.
Patricia D
Verified Review
Auto Insurance is Overpriced
Reviewed in Louisiana on January 21, 2026
I think auto insurance in LA is outrageously expensive! However, I got a quote from Progressive and they were higher. I think it's ridiculous that seniors over the age of 70, driving less than a mile a day, with no tickets or accidents, on SSI, still have to pay close to $200.00 a month! I do love the agent, Tiffany, who wrote my policy for auto and home though, and that's the only reason I'm sticking with Allstate.
Larry
Verified Review
Allstate is the Best Bang for the Buck
Reviewed in Louisiana on January 9, 2026
They have been $300 to $1000 cheaper than all the others I have gotten a quote from.
Wanda
Verified Review
Wanda Sambola
Reviewed in Louisiana on January 6, 2026
Great customer service and quality.
Dana
Verified Review
Insurance hikes are ridiculous in all categories of insurance
Reviewed in Louisiana on January 3, 2026
I am a senior citizen on a fixed income with no car wrecks, no DUI, and I drive a 2010 vehicle. I pay $600 every 6 months.
Larry
Verified Review
Big Bang for Buck
Reviewed in Louisiana on November 30, 2025
My 6-month policy is only $661.
…
JD Power
J.D. Power data measures overall customer satisfaction and claims satisfaction based on a 1,000-point scale.
636NAIC Index
Average amount of customer complaints relative to competitors on a 0-5 scale. A lower score represents fewer complaints.
1.02A.M. Best
A.M. Best analyzes an insurer’s financials, operating performance, business profile, and other factors to generate an opinion-based rating of a company’s financial and credit strength. Ratings range from A++ (exceptional) to D (poor).
A-Why we picked this company
Allstate offers gap insurance in addition to standard car insurance coverage options. You can also save with several discounts, including those for bundling your policies, safe driving, being a good student, and paying your premiums on time.
Pros
A (Excellent) financial strength rating from AM Best
Pay-per-mile option available
Cons
Below-average J.D. Power customer satisfaction rating in Louisiana
Rates are merely average compared to other insurers
Progressive
| JD Power J.D. Power data measures overall customer satisfaction and claims satisfaction based on a 1,000-point scale. | 622 |
|---|---|
| IQ Score The Insurify Quality (IQ) Score uses more than 15 criteria to objectively rate insurance companies on a one-to-ten scale. The Insurify editorial team researches insurer data to determine the final scores. | 8.7 /10 |
| Liability Only Liability-only insurance, sometimes called minimum-coverage insurance, pays for bodily injury and property damage to others in an accident the policyholder causes. It does not pay for the insured’s own damages. | $82/mo |
| Full Coverage Full-coverage car insurance generally includes liability, collision, and comprehensive coverage, and may include other optional coverages such as uninsured motorist coverage. Collision covers a policyholder’s repair or replacement costs in case of an accident. Comprehensive covers damages caused by non-accident events. The average quote displayed here reflects policies with the following coverage limits: $50,000 bodily injury liability per person; $100,000 bodily injury liability per accident; $50,00 property damage liability per accident; $1,000 collision deductible; and a $1,000 comprehensive deductible. | $160/mo |
How drivers feel about Progressive
Customers appreciate the insurer’s good customer service and initial affordability but dislike the consistent price increases and complex claims process.
AI-generated from the text of verified reviews collected by Insurify
Best in Louisiana for
Competitive rates
Easy buying process
Telematics program
How drivers feel about Progressive
Customers appreciate the insurer’s good customer service and initial affordability but dislike the consistent price increases and complex claims process.
AI-generated from the text of verified reviews collected by Insurify
Best in Louisiana for
Competitive rates
Easy buying process
Telematics program
Showing 32 reviews from Louisiana drivers - See all 8,142 Progressive reviews
Ella
Verified Review
Think Twice About Progressive
Reviewed in Louisiana on March 6, 2026
Progressive is a little cheaper than others; however, I've been with them for 4 years, and it seems my policy kept going up and not down like other companies do. I felt I stayed stuck at the same amount the entire time, or it was going up and not down. When asked why, all I got was, "All companies raised their policy this year." Nothing about how or when it will go down. So to me, Progressive is another company that is only out to take your money. I never had an accident or anything to raise my amount.
Regina
Verified Review
My main focus has been to afford the coverages I wanted and needed. Progressive is that.
Reviewed in Louisiana on February 26, 2026
I’m very satisfied. They were very reasonable, and I got all the coverage I wanted and needed.
Tony
Verified Review
Could do better
Reviewed in Louisiana on February 21, 2026
High prices and limited discounts. I've been with them for almost 10 years with only one not-at-fault accident. For my paid-off 2014 Tacoma, liability insurance, I'm still paying $175 a month.
Eric
Verified Review
Bait and Switch
Reviewed in Louisiana on February 17, 2026
I got a quote and entered my driver's license number and all necessary information, which resulted in one quote. Then, when I proceeded to pay and was asked for VIN numbers, the price jumped $700. Insane.
Cheryl
Verified Review
Progressive Horrible
Reviewed in Louisiana on February 3, 2026
Progressive doubled my rates even though I had no accidents or tickets.
Yvette
Verified Review
Excessive Rates
Reviewed in Louisiana on January 30, 2026
Like most insurance companies, Progressive's rates are extremely high. So I am looking for better rates.
Kelly
Verified Review
Progressive and Other Insurance Providers
Reviewed in Louisiana on January 28, 2026
I think they lack transparency about hidden fees, whether processing or other types. Also, since I have auto payments set up for them to process my 6-month renewal, I did not deserve a banner on my bill payment stating a lapse while the transaction was being processed. I have already been let down by Farm Bureau before regarding what they and other insurance providers have done with these types of statements when I did not have a lapse in auto insurance nor failed to pay. Previously, years ago, my insurance was just under somebody else's policy, and they refused to credit me for at least maintaining coverage at all times. Although Progressive has better rates for me to some extent, I have been with them for 5 years and deserve transparency. Also, it appears they were falsely identifying my driving habits just prior to my policy renewal on January 23rd, thus reducing my Good Driver discount to less than what I deserved.
Patricia
Verified Review
Terrible
Reviewed in Louisiana on January 26, 2026
Prices keep going up even though I haven’t had any issues with driving.
Rosie
Verified Review
Bad Insurance for People on Fixed Income
Reviewed in Louisiana on January 18, 2026
I was paying $173.50 for six months, and that was bad. They want to charge me a down payment of $360.04 and $198.83 for 2026. That is bad. They are wrong for that; I can't pay that much for full coverage. I feel like they cheated me. I will never go with them again.
…
JD Power
J.D. Power data measures overall customer satisfaction and claims satisfaction based on a 1,000-point scale.
622NAIC Index
Average amount of customer complaints relative to competitors on a 0-5 scale. A lower score represents fewer complaints.
0.97A.M. Best
A.M. Best analyzes an insurer’s financials, operating performance, business profile, and other factors to generate an opinion-based rating of a company’s financial and credit strength. Ratings range from A++ (exceptional) to D (poor).
A+Why we picked this company
Progressive offers loan/lease payoff coverage, which helps pay the difference between your car’s value and your remaining loan or lease balance if someone steals your car or you total it. Progressive will pay up to 25% of your vehicle’s value and will send payment directly to your loan or lease provider.
Pros
Rewards for good drivers
Numerous coverage options and discounts available
Cons
Higher-than-expected number of complaints with the National Association of Insurance Commissioners (NAIC) for a company of its size
Below-average J.D. Power customer satisfaction rating in Louisiana
Data scientists at Insurify analyzed more than 40 million real-time auto insurance rates from our partner providers across the United States to compile the car insurance quotes, statistics, and data visualizations displayed on this page.
The car insurance data includes coverage analysis and details on drivers’ vehicles, driving records, and demographic information. Quotes for Allstate, Farmers, GEICO, State Farm, and USAA are estimates based on Quadrant Information Services’ database of auto insurance rates.
With these insights, Insurify is able to offer drivers insight into how companies price their car insurance premiums. The data included on this page represent averages across driver ages, genders, credit scores, and driver profiles for Louisiana drivers.
Gap insurance vs. full coverage
Full-coverage car insurance in the state of Louisiana can include a combination of collision, comprehensive, liability, and medical payments insurance.[2] It doesn’t include gap insurance in Louisiana or elsewhere. Instead, you should use gap insurance in combination with your full-coverage policy.
Dealerships and car insurance companies typically sell gap insurance as an optional insurance product. Some car dealerships might require you to purchase gap coverage if you have a loan or lease on your vehicle. It’s a good idea to purchase gap insurance to avoid out-of-pocket payments if you total your car in an accident.
Who needs gap insurance in Louisiana?
Louisiana state law doesn’t require drivers to purchase gap insurance. But if you purchase or lease a new vehicle, the value depreciates quickly. Within the first year of having a new car, your vehicle will likely lose 20% of its value. If you total a leased or financed vehicle, you may owe more than what your insurance company will cover based on the car’s value.
You should consider purchasing gap insurance in Louisiana if any of the following apply to your situation:
You made a small down payment (less than 20%) on the vehicle.
You financed the vehicle for 60 months or longer.
You leased the car.
You purchased a vehicle that depreciates at a faster-than-average rate.
You rolled negative equity from a previous car loan into a new loan.
You put many miles on your vehicle, as this can cause depreciation.
Gap insurance might not make sense if:
You made a large down payment on your vehicle.
You plan to pay off your loan in a short period of time.
You purchased a used car without financing it.
Before you commit to gap insurance, you should consult a car insurance agent or an auto loan lender to decide if this coverage makes sense for you.
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How to buy gap insurance in Louisiana
If you purchase a new car in Louisiana, most dealerships will offer gap insurance. Many insurance companies also offer gap insurance and usually charge less than the dealership.
Adding gap insurance to your collision and comprehensive coverage through your car insurance company only adds about $20 a year to your annual premium, according to the Insurance Information Institute.
While it’s possible to buy gap insurance as a stand-alone policy, most insurers include it as an add-on to your existing auto insurance policy.
Cheapest recent car insurance quotes in Louisiana
Drivers using Insurify have found quotes as cheap as $48/mo for liability only and $84/mo for full coverage in Louisiana.
*Quotes generated for Insurify users within the last 10 days. Last updated on March 5, 2026. Actual quotes may vary based on the policy buyer’s unique driver profile.
Rates shown are real-time Insurify user quotes from 500+ insurance companies and Quadrant Information Services data. Insurify’s algorithm excludes anomalous quotes and anonymizes personal details, then displays refined quotes by price, date, and insurer popularity up to 10 days ago from March 5, 2026. Actual quotes may vary based on the policy buyer’s unique driver profile.
*Quotes generated for Insurify users within the last 10 days. Last updated on March 5, 2026. Actual quotes may vary based on the policy buyer’s unique driver profile.
Rates shown are real-time Insurify user quotes from 500+ insurance companies and Quadrant Information Services data. Insurify’s algorithm excludes anomalous quotes and anonymizes personal details, then displays refined quotes by price, date, and insurer popularity up to 10 days ago from March 5, 2026. Actual quotes may vary based on the policy buyer’s unique driver profile.
Gap insurance in Louisiana FAQs
The following information should help answer some remaining questions about buying gap insurance in Louisiana.
Does Louisiana require gap insurance?
Louisiana doesn’t require gap insurance. In fact, no states mandate it. Louisiana law only requires drivers to carry liability coverage to pay for property damages or personal injury if they cause an accident.
Who needs gap insurance in Louisiana?
If you owe more than the current market value of your vehicle, you might benefit from gap insurance. For instance, you should consider it if you made a small down payment on your vehicle or purchased a vehicle that depreciates faster than average. Some lenders and leasing companies may require you to purchase gap coverage if you finance or lease your car.
What exactly does gap insurance cover?
Gap insurance covers the difference between the amount of a claim payout and what you owe on your car loan or lease if you total your vehicle. Collision and comprehensive coverage will only cover the current market value of your car, not the remaining car loan balance. Gap insurance prevents you from paying the remainder of your lease or loan out of pocket.
What are the cons of gap insurance?
If you own your car outright or have a shorter loan term, gap insurance may not be beneficial for you. It also doesn’t cover normal wear and tear, mechanical breakdowns, repairs if you’re in a wreck, or injuries you and your passengers sustain in an accident.
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Sources
- Insurance Information Institute. "What is gap insurance?."
- Insurance Information Institute. "Auto insurance basics—understanding your coverage."
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Jessica MartelInsurance Writer
7+ years in personal finance writing
Certified Financial Education Instructor
Jessica is a freelance writer, professional researcher, and mother of two rambunctious little boys. Her work has appeared in Time’s Stamped personal finance marketplace, Consumer Affairs, Forbes Advisor, Money Under 30 and more.
Jessica specializes in personal finance, women and money, and financial literacy. Jessica is fascinated by the psychology of money and what drives people to make important financial decisions. As an Insurify contributor since July 2023, she’s written hundreds of articles aimed at helping readers make informed decisions about insurance.
She holds a Masters of Science degree in Cognitive Research Psychology, and is a National Financial Educators Council Certified Financial Education Instructor.
Ashley CoxSenior Managing Editor
7+ years in content creation and management
5+ years in insurance and personal finance content
Ashley is a seasoned personal finance editor who’s produced a variety of digital content, including insurance, credit cards, mortgages, and consumer lending products.
Featured in
David MarlettAdvisor
David Marlett is the Managing Director of the Brantley Risk and Insurance Center. He is a professor in the Department of Finance, Banking, and Insurance at Appalachian State University and holds the IIANC Distinguished Professorship. David also serves on the Board of Directors for the Invest program and previously chaired the Loman Advisory Committee for the CPCU Society.
David has taught courses in Risk Management and Insurance for the last 25 years, starting at Florida State University while in the doctoral program. Prior to graduate school, David worked as a commercial lines underwriter for USF&G in Tampa.
He serves as a resource on insurance issues and is a frequent media contributor. He has been quoted by a wide range of outlets, including The New York Times, CNN, Reuters, and NPR.
David has been reviewing articles for Insurify since March 2025.