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 find cheap homeowners insurance in Louisiana

Home insurance is an optional-but-important insurance coverage. It keeps your investment insured in the event your house suffers damage from a common incident. Home insurance covers your dwelling, attached buildings, and personal property in the event of a number of circumstances, such as fire, theft, vandalism, or wind damage.

Unlike auto insurance, home insurance isn't priced based on state laws. That said, major gaps exist in home insurance costs on a state-by-state basis. Homeowners insurance rates by state differ based on the number and value of homeowners policy claims filed in that particular state, and also on the value of the belongings and property you're covering.

The easiest way to find a cheap homeowners insurance policy in Louisiana is to get quotes from multiple companies. Estimate your home insurance costs in Louisiana by referencing the below data. Your rates may vary, depending on your coverage limits.

 

Louisiana home insurance:
  1. By insurance company
  2. Homeowners rates by city
  3. Bundling discounts
  4. FAQs

 

Homeowners insurance rates in Louisiana by insurance company

Prices for home insurance in Louisiana will vary depending on the insurer you choose. United offers the most affordable homeowners policies in Louisiana, at just $780 per year. This beats the state mean rate of $2,193, offering a $1,414 discount on the typical rates in the state.

Begin the hunt for affordable coverage by checking out the cheapest Louisiana home insurance carriers, listed below.

 

HOME INSURANCE RATES IN LOUISIANA: BY COMPANY
CompanyAverage 12-Month 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 costs by city

Not every city in Louisiana has equal home insurance costs. Policies are often priced on city-specific variables, including the likelihood of weather-related claims in the area, lending your ZIP code plenty of weight in deciding how much you pay.

The most affordable home insurance rates in Louisiana are 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. The below cities have the most affordable homeowners insurance in Louisiana.

 

AFFORDABLE HOME INSURANCE BY CITY 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

 

Tip: bundle home and auto insurance in Louisiana

If you're looking for savings, consider purchasing both your car and home insurance policies from one company. A home and auto insurance bundle in Louisiana can save you a substantial sum each month on auto insurance. Bundling policies in Louisiana may earn you average annual savings of $195.

 

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

 

Seeking info on homeowners insurance in a specific city? Check out our analysis of major Louisiana cities:

 

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 state or local levels, but it's likely your mortgage lender will require it.

 

Homeowners insurance and hurricanes in Louisiana

Since hurricanes can cause catastrophic damage and destroy 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.

What makes hurricanes so hazardous is the sheer amount of different perils that they bring. While most of these perils are covered by a standard homeowners policy, hurricane insurance itself doesn't exist as its own product. However, it is not uncommon for insurance companies to apply special deductibles known as "windstorm" or "hurricane" deductibles in areas at risk of such storms. This type of deductible is only triggered in certain severe weather conditions. Also, it is oftentimes much higher than an ordinary deductible and is usually a fixed percentage of the value of your home. Be aware that flooding is never covered on a standard policy and needs to be added on through — in most cases — the National Flood Insurance Program.

Some of the more affordable options for Louisiana hurricane coverage are listed below. Treat these rates as estimates and reach out to companies directly for rates specific to your property.

 

AFFORDABLE HOMEOWNERS HURRICANE COVERAGE IN LOUISIANA
Insurance CompanyAverage Annual Earthquake Insurance Rate
American Strategic$775
State Farm$1,417
Maison$1,557
Bankers Specialty$1,584
United$1,613

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

 

Does home insurance cover flooding in Louisiana?

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 Louisianawhich paid out a total of $804,890,019 in 2016 flood insurance claims, according to the Federal Emergency Management Agency.