Homeowners Insurance in Louisiana

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

How to get cheap homeowners insurance in Louisiana


Home insurance is an optional — but important — product that works to keep your belongings safe in the event your home suffers damage from common incidents. A homeowners policy defends your dwelling and property from a number of circumstances, including wind damage, fire, theft, vandalism, and more.

Substantial differences emerge in home insurance rates from state to state. Homeowners insurance prices in US states may differ based on the number of — and value of — home insurance claims made in the state, and depend on the value of the belongings and dwelling you're insuring.

The easiest way to acquire an affordable homeowners insurance policy in Louisiana is to compare rates and consider policies from as many companies as possible. Learn homeowners insurance costs in Louisiana by referencing the below tables. Your rates may vary, depending on your coverage limits.


Homeowners insurance in Louisiana:
  1. By insurance company
  2. Rates by city
  3. Bundling home and auto insurance


Homeowners insurance rates in Louisiana by insurance company

Rates for home insurance in Louisiana can vary depending on the insurance company you select. United offers the most affordable home insurance in Louisiana, at just $780 each year. This compares favorably to the state average cost of $2,193, offering a $1,414 price cut on average statewide homeowners insurance costs.

Start searching for a homeowners insurance policy by checking out the cheapest Louisiana home insurance carriers, detailed below.


HOMEOWNERS INSURANCE RATES IN LOUISIANA: BY CARRIER
Insurance CompanyAverage Annual Rate in Louisiana
United$779.58
Centauri Specialty$1,030.59
Maison$1,042.47
ASI Lloyds$1,049.94
Liberty$1,350.47


Louisiana home insurance prices by city

Not all Louisiana cities have the same homeowners insurance rates. Rates are determined based on on city-specific variables, such as the number of homeowners claims filed nearby, meaning your specific ZIP code impact how much you pay.

The most affordable homeowners insurance in Louisiana is found in Shreveport. The average home insurance policy in Shreveport costs $1,740 per year — $454 less than the average homeowners policy in other Louisiana cities. Reference the below table to see the cheapest cities in Louisiana for home insurance.


AFFORDABLE CITIES FOR HOME INSURANCE IN LOUISIANA
CityAverage Annual Home Insurance Rate
Shreveport$1,739.87
Ruston$1,742.49
Monroe$1,760.69
Bossier City$1,760.78
Alexandria$1,804.62


Louisiana insurance bundling discounts: home and auto

If you want to save on homeowners insurance, consider carrying your home and auto policies with the same insurance company. Bundling auto and homeowners insurance in Louisiana can save you a substantial sum each month on auto insurance. Bundling home and auto policies in Louisiana leads to an a yearly discount of $195.


HOME AND AUTO INSURANCE BUNDLING DISCOUNTS IN LOUISIANA
Avg. 12-Month Auto Insurance Rate (No Bundle)Avg. Annual Auto Insurance Rate (Bundle)Annual Bundle SavingsBundle Savings %
$2,281.00$2,086.00$195.009%


A great way to save is to bundle your auto and homeowners insurance policies. Find a policy today!


Compare rates from top car insurance companies.

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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)

 

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.