Louisiana Homeowners Insurance

Find the Best Homeowners Insurance Rates & Companies in Louisiana

The current average cost of homeowners insurance in Louisiana is $1,992 per year or around $166 per month. The average rate of home insurance in Louisiana is much higher than the current national average of $1,428 per year. Still, having home insurance is critical to prevent potentially devastating financial losses caused by many different disasters ranging from fire damage to vandalism and beyond.

Luckily, a Louisiana independent insurance agent can help you find all the home insurance you need. They'll match you to the best policy at the most affordable rate. But first, here's a breakdown of Louisiana home insurance.

Best Homeowners Insurance Companies in Louisiana

There are many different carriers in Louisiana that sell home insurance. But when you're looking for the best coverage, you want to know exactly where to start your search. Check out this list of top-rated home insurance companies in Louisiana to make things easier.

• USAA: USAA's coverage is only available to active and retired military members and their families. The carrier provides more affordable coverage than Louisiana's average rate, at an average of $1,789 per year for a policy with $250,000 in dwelling coverage. USAA also ranks high on J.D. Power's customer satisfaction survey and provides many discounts to help reduce your rates even further.
• Allstate: Allstate sells coverage at a higher rate than Louisiana's state average, with policies that include $250,000 in dwelling coverage for about $2,626 annually. However, this higher rate can be worth it, considering Allstate provides a lot of customizable options for home insurance, such as optional electronic data recovery coverage, yard and garden coverage, sports and musical equipment coverage, and business property coverage. The carrier also offers a ton of discounts to help reduce your rates.
• The Hanover: The Hanover provides much more affordable coverage in Louisiana, with average policies going for about $1,764 for $250,000 in dwelling coverage. The carrier provides options for extended dwelling replacement cost coverage for high-net-worth homeowners, as well as other optional perks like water backup coverage, lock replacement coverage, and identity theft coverage. The Hanover is also known for its excellent customer service and financial strength ratings.

A Louisiana independent insurance agent can help you find the right home insurance policy from one of these outstanding local carriers.

What Homeowners Insurance in Louisiana Can Cover

Louisiana is prone to a few different kinds of natural disasters. The most common natural disasters in the state are floods, hurricanes, severe storms, and tornadoes. Keep in mind that just having a standard home insurance policy may not provide the coverage you need against each of these disasters.

Floods

Floods are one of the most common natural disasters in Louisiana. And it's critical to understand that home insurance excludes coverage for natural sources of flooding, such as heavy rainfall, tsunamis, and hurricanes. A separate flood insurance policy is necessary to protect your home and property against flooding disasters.

Hurricanes

Hurricanes are also extremely common in Louisiana. Unfortunately, home insurance in the state excludes coverage for the flooding that accompanies hurricanes, though they do provide standard coverage for wind damage. You'd need to rely on your flood insurance if your home suffered from water damage due to a hurricane.

Severe Storms

Louisiana also gets severe storms like thunderstorms. Fortunately, a standard home insurance policy provides coverage for multiple components of a thunderstorm. Your policy includes protection against damage caused by hail, lightning strikes, wind, and the resulting fires after a lightning strike.

Tornadoes

Louisiana can also be prone to tornadoes. While many home insurance policies include standard wind coverage due to tornadoes, be sure to review your specific policy to be sure yours does.

What Homeowners Insurance in Louisiana Will Not Cover

Louisiana home insurance comes with its own set of exclusions, as does coverage throughout the rest of the country. Keep in mind that you need flood insurance to protect against incidents of natural flood damage to your home and personal property. In addition, you'd need earthquake insurance to protect against losses due to damage from these natural disasters since earthquake damage is excluded by Louisiana home insurance. Louisiana's risk of flood damage is extremely high, and the state has also seen a number of devastating earthquakes, so you should consider adding both of these protections with the help of your local independent insurance agent.

Flood Damage in Louisiana

Hurricanes and rainfall aren't the only causes of flooding in Louisiana. Your home could also be impacted by a sewer backup or sewage line break that causes an entirely different kind of flooding disaster. This type of disaster is also excluded by standard Louisiana home insurance unless you add a rider, floater, or endorsement to your coverage. Be sure to review your specific home insurance policy to be certain whether it covers incidents of flooding caused by sewer line breaks and backups. If you think you may suffer damages due to a flood, make sure to get some form of flood coverage.

Average Cost of Homeowners Insurance in Louisiana

The current average cost of home insurance in Louisiana is $1,992 per year or about $166 per month. With the current national average rate of home insurance being $1,428 per year, Louisiana's rates are quite a bit more expensive by comparison. This can be due to a number of factors, including the state's property values, the increased risk of natural disasters, and a potentially higher crime rate. But Louisiana does have many discount options to help you reduce the cost of your coverage.

Average Louisiana Home Insurance Costs by City

Your Louisiana home insurance rate is also affected by the city you live in. You might discover that the same policy would have an entirely different rate in another town. The cheapest home insurance rates in Louisiana are currently observed in Tallulah, at an average of just $745 annually. Here are some Louisiana cities and their average cost of home insurance.

Average Louisiana Home Insurance Costs by City

National average burglary rate 3.76 per 1,000 people

National average home value $269,000

National average home insurance cost $1,428 year

City	Annual Home Insurance Cost	Average Home Value	Burglaries / 1,000 homes
Gonzales	$2,183	$176,074	8.73
Leesville	$1,240	$98,657	11.80
Westwego	$1,570	$128,696	5.74
Breaux Bridge	$2,114	$175,047	10.89
Rayne	$1,141	$88,642	6.35
Oakdale	$862	$66,481	11.69
Donaldsonville	$1,447	$118,177	5.74
Tallulah	$745	$61,367	8.82
Plaquemine	$1,613	$132,217	5.86
New Orleans	$2,446	$219,700	6.45
Baton Rouge	$1,999	$166,100	10.39
Shreveport	$1,812	$150,000	10.42
Lafayette	$2,306	$193,900	9.48
Lake Charles	$2,081	$146,100	21.15
Slidell	$1,949	$160,215	6.30
Central	$2,078	$180,400	5.98
Ruston	$1,977	$174,301	4.50
Sulphur	$1,662	$141,350	7.99
Hammond	$2,475	$180,972	30.47
Natchitoches	$1,936	$150,116	16.53
Gretna	$1,882	$163,576	6.01
Opelousas	$1,597	$105,651	25.55
Zachary	$2,434	$214,876	4.23
Pineville	$1,626	$135,572	9.53
Baker	$1,446	$125,822	6.23
Crowley	$1,219	$93,862	13.57
Minden	$986	$91,092	3.49
Kenner	$1,832	$161,200	4.86
Bossier City	$1,908	$163,900	7.12
Monroe	$2,019	$150,274	20.63
Alexandria	$1,897	$139,294	20.93
Houma	$2,020	$167,478	5.60
New Iberia	$1,519	$121,750	7.27
Bogalusa	$1,018	$71,382	16.64
Bastrop	$1,526	$68,186	43.89
DeRidder	$1,588	$139,462	5.35
Eunice	$1,425	$107,132	16.09
Jennings	$1,210	$105,262	6.42
Denham Springs	$1,971	$143,936	16.92
Walker	$1,805	$162,634	2.68
Youngsville	$2,625	$239,207	3.25
West Monroe	$1,751	$129,209	19.52

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