Homeowners Insurance in Louisiana

Homeowners insurance doesn’t need to be complicated. Compare rates from Louisiana by city and carrier below.

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How to get affordable homeowners insurance in Louisiana


Homeowners insurance is an optional — but important — product that works to keep your belongings safe in the event your house or property suffers damage from common incidents. Home insurance defends your home and your items in the event of a number of misfortunes, including fire, theft, vandalism, or wind damage.

Unlike car insurance policies, home insurance is not priced based on state-level legislation. That said, large gulfs exist in homeowners insurance rates from state to state. Policy rates in states vary based on the value of — and total number of — home insurance claims made in that state, and depend on the value of the belongings and structures covered by the policy.

The easiest way to find an affordable homeowners insurance policy in Louisiana is to shop around and compare rates from as many insurance companies as possible. Get an idea of typical homeowners insurance rates in Louisiana by referencing the below tables. Individual rates may vary depending on coverage options and the value of the dwelling being insured.


Louisiana homeowners insurance:
  1. Rates by company
  2. Homeowners rates by city
  3. Rates by coverage level
  4. Rates by deductible amount
  5. Home-and-auto bundling discounts
  6. FAQs

Home insurance prices in Louisiana by insurer

Homeowners insurance rates in Louisiana will vary depending on the insurance company you choose. United sells the cheapest homeowners policies in Louisiana, at just $780 per year. This compares favorably to Louisiana's average price of $1,584, offering an $804 discount on average policy costs statewide.

Start shopping for a home insurance policy by reviewing the cheapest Louisiana carriers, listed below.


CHEAPEST HOME INSURANCE COMPANIES IN LOUISIANA
CompanyAverage Yearly Rate in Louisiana
United$780
Centauri Specialty$1,031
Maison$1,042
ASI Lloyds$1,050
Liberty Mutual$1,350

Louisiana home insurance by city

Not all Louisiana cities have the same homeowners insurance rates. Policies are often priced on city-specific variables, such as the likelihood of weather-related claims in the area, lending your ZIP code plenty of weight in deciding how much you pay.

The cheapest home insurance rates in Louisiana are in Bethany. In Bethany, the typical home insurance policy costs $1,593 each year. The below cities have the most affordable homeowners insurance in Louisiana.


AFFORDABLE HOME INSURANCE CITIES IN LOUISIANA
CityAverage Annual Home Insurance Rate
Bethany$1,593
Keithville$1,596
Mooringsport$1,597
Greenwood$1,600
Eastwood$1,606

Average home insurance costs in Louisiana by coverage amount

The level of home coverage you select has an impact on your insurance premiums. In Louisiana, carrying $100K dwelling coverage costs an average of $1,034 per year, while carrying additional coverage up to $400K costs $3,232/year.


HOMEOWNERS INSURANCE RATES IN LOUISIANA — COMMON COVERAGE TIERS
Coverage LevelAverage Annual Cost
$100,000 Dwelling$1,034
$200,000 Dwelling$1,584
$250,000 Dwelling$2,159
$400,000 Dwelling$3,232

Homeowners insurance deductibles in Louisiana

Homeowners face a number of choices when buying a homeowners insurance policy, including how high or low to set their deductible. The deductible is the total amount that the insured contributes toward a covered loss. The deductible chosen can impact your insurance rates directly.

When picking a deductible, bear in mind that the higher your deductible is, the lower your premiums will be. Therefore, you may want to think about setting a higher deductible if your are hoping to secure lower rates. Be mindful of the fact that your deductible should only be as high as you can reasonably afford if you suffer a loss.

The chart below displays the average premiums affiliated with standard homeowners deductibles.


HOMEOWNERS INSURANCE RATES BY DEDUCTIBLE IN LOUISIANA
Deductible LevelAverage Annual Home Insurance Rate
$500$2,307
$1,000$2,159
$1,500$2,106
$2,000$1,992
$5,000$1,813

Save by bundling home and auto insurance in Louisiana

If you want to save on insurance, consider purchasing your home and auto policies from the same insurance company. Bundling home and auto insurance in Louisiana can lead to substantial savings on auto insurance. In fact, bundling policies in Louisiana leads to a yearly discount of $195.


HOME AND AUTO INSURANCE BUNDLING DISCOUNTS IN LOUISIANA
Avg. 12-Month Auto Insurance Rate (No Bundle)Avg. Yearly Auto Insurance Rate (Bundle)Annual Bundle SavingsBundle Savings %
$2,281$2,086$1959%

One of the best ways to save on auto insurance is bundling. Get started today!


Looking for insights on homeowners insurance in a specific city? Check out our analysis of populous Louisiana cities:

  1. Baton Rouge
  2. New Orleans

Louisiana homeowners insurance FAQs


Does GEICO offer homeowners insurance in Louisiana?

Yes, GEICO is an option for homeowners insurance in Louisiana.

Is homeowners insurance required in Louisiana?

Homeowners insurance is not required on the state or local levels, but it's likely your lender will require it in Louisiana.

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Homeowners insurance and hurricanes in Louisiana

Since hurricanes can cause catastrophic damage and demolish properties altogether, insurance companies are hesitant to assume the full risk of hurricanes as a whole. If you own a house in Louisiana, you could be vulnerable to suffering hurricane damage. In fact, 72, 256 single-family homes are exceedingly vulnerable to hurricane damage in Louisiana.*

If you own a home in a coastal area, it's crucial to examine the details of your homeowners policy since a basic home policy won't be enough to cover damage by hurricanes — you would need separate windstorm and flood policies, both of which would be applicable to pay for the damages. In some states, your insurer may make it compulsory to have a separate deductible for hurricanes if you reside in an area that's at high risk for hurricanes.

*Source: Insurance Information Institute (https://www.iii.org/fact-statistic/facts-statistics-hurricanes)


HURRICANE DEDUCTIBLE RATES IN LOUISIANA
CompanyAverage Annual Rate w/ Hurricane Deductible
American Strategic$775
State Farm$1,506
Bankers Insurance$1,803
Kingsway$1,835
Lighthouse$1,910

Does home insurance cover flooding inLouisiana?

Damage via flooding— whether the byproduct of a rainstorm or a hurricane —is not covered by standard home insurance. To insure your home against flood damage, acquire insurance from a private flood insurance company or through the National Flood Insurance Program (NFIP).

Flood insurance coverage from private companies may vary, but if you buy through the NFIP you are allotted coverage for:

  • $250,000 structural coverage
  • $100,000 personal property coverage

If the value of your home and personal property exceed these limits, consider finding a policy from a private company.

Flood insurance is a necessity for many in Louisiana,which paid out $804, 890, 019 in 2016 flood insurance claims, according to the Federal Emergency Management Agency.


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Ava Lynch LinkedIn

Ava worked in the insurance industry as an agent for four-plus years. Currently providing insights and analysis as one of The Zebra’s resident property insurance experts, Ava has been featured in publications such as U.S. News & World Report, GasBuddy, and Yahoo! Finance.