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 cheap home 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 protects your dwelling and property in the event of a variety of circumstances, such as theft, fire, vandalism, or wind damage.

Unlike auto insurance, home insurance isn't priced based on state laws. Even so, serious differences emerge in homeowners insurance rates from state to state. Home insurance prices in US states may vary based on the frequency of — and value of — homeowners policy claims filed in the state, and depend on the price of the belongings and home you're insuring.

The easiest way to find a cheap home insurance policy in Louisiana is to get quotes from as many companies as possible. Get an idea of how much home insurance costs in Louisiana by referencing the below data. Your rates may vary, depending on your coverage limits.


Louisiana home insurance:
  1. Rates by company
  2. Costs by city
  3. Rates by coverage amount
  4. Rates by deductible level
  5. How to bundle home and auto insurance
  6. FAQs


Homeowners insurance rates in Louisiana by company

Prices for home insurance in Louisiana can vary depending on the insurer you select. United provides the cheapest home insurance in Louisiana — just $780 per year. This is less than the state average cost of $2,193, providing a $1,414 price cut on average statewide home insurance costs.

Begin the hunt for cheap home insurance by reviewing the cheapest Louisiana companies, listed below.


HOMEOWNERS INSURANCE RATES IN LOUISIANA: BY CARRIER
Insurance CompanyAverage Yearly Rate in Louisiana
United$780
Centauri Specialty$1,031
Maison$1,042
ASI Lloyds$1,050
Liberty$1,350


Louisiana homeowners insurance by city

Homeowners insurance rates in Louisiana differ by city. Rates are determined based on on local variables such as the number of claims filed nearby, giving your ZIP code weight in deciding how much you pay.

The cheapest home insurance in Louisiana is found in Shreveport. A typical homeowners insurance term in Shreveport totals just $1,740 per year — $454 less than the state average. The below table shows the best places to live in Louisiana if you’re looking for cheap homeowners insurance.


AFFORDABLE CITIES FOR HOME INSURANCE IN LOUISIANA
CityAverage Annual Home Insurance Rate
Shreveport$1,740
Ruston$1,742
Monroe$1,761
Bossier City$1,761
Alexandria$1,805


Average home insurance costs in Louisiana by coverage limit

How much you spend on home insurance coverage is greatly influenced by the level of coverage you choose. In Louisiana, carrying $200,000 dwelling coverage costs an average of $1,584 per year, while maintaining coverage up to $400,000 costs as much as $3,232 per year.


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


Compare Homeowners Insurance Rates


Home insurance deductibles in Louisiana

Louisiana homeowners face a number of choices when purchasing a policy, including how much their deductible should be. The deductible is the total dollar amount that the insured contributes toward a covered loss. Where you choose to set your homeowners deductible is linked to how much you will pay for insurance.

Put simply, a higher deductible leads to lower insurance rates. This means that those looking for lower rates will want to think about getting a higher deductible. Remember that your deductible should only be set as high as you can reasonably afford in the event of a covered loss.

The table below illustrates the average premium costs associated with standard homeowners deductibles.


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


Home and auto insurance bundles in Louisiana

If you're trying to save on insurance, consider purchasing your homeowners and car insurance policies from the same company. A home and car insurance bundle in Louisiana can lead to substantial savings on your auto insurance bill. In fact, bundling policies in Louisiana leads to average annual savings of $195.


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


You can save money on insurance by bundling your home and auto policies. Start shopping today!


Seeking insights on home 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 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. Homeowners insurance with a 2% deductible in Louisiana costs an average of $2,434 per year.

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 Hurricane 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 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 exceeds 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

Based in Austin, TX, Ava has been in the insurance industry as a licensed agent for 4-plus years. Ava is currently one of The Zebra’s resident property insurance experts and has been featured in publications such as US News Report, GasBuddy, and Yahoo! Finance.