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Louisiana homeowners insurance: what you need to know

Prices of home insurance in Lousiana average $1,584 per year or $132 per month. This is more than the US national average. 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.

Unlike car insurance, homeowners insurance isn't controlled by state legislation. Even so, major gaps exist in home insurance rates on a state-by-state basis. Policy prices in states, including Louisiana, may vary based on the total number and value of homeowners claims filed in that particular state, and depend on the value of the belongings and structures covered by the policy.

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.

 

Table of contents:
  1. Rates by company
  2. Rates by coverage amount
  3. Rates by deductible amount
  4. Rates by city
  5. Bundling savings
  6. Frequently asked questions
  7. Natural disaster coverage

 

The cheapest home insurance companies in Louisiana

Homeowners insurance rates in Louisiana 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 home insurance companies, listed below.

 

AFFORDABLE HOME INSURERS IN LOUISIANA
Insurance 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 prices by coverage levels

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 per year.

 

POPULAR COVERAGE LIMITS IN LOUISIANA
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.

 

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

 

Louisiana homeowners insurance costs by city

Not every city in the Pelican State has 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 this small town on the Louisiana-Texas border, 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 12-Month Home Insurance Rate
Bethany$1,593
Keithville$1,596
Mooringsport$1,597
Greenwood$1,600
Eastwood$1,606

 

Looking for insights on homeowners insurance in bigger Louisiana cities? Check out our analysis of NoLa and Baton Rouge:

 

Home and auto insurance bundling 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 BUNDLING DISCOUNTS IN LOUISIANA

Avg. Annual Rate (No Bundle)

Avg. Annual Rate (w/ Bundle)

Annual Savings ($)

Annual Savings (%)

$2,281$2,086$1959%

 


 

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 by state or local governments, but your mortgage lender might require it.

 


 

Natural disaster coverage in Louisiana

 

Does homeowners insurance cover 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 near the coast, it's important 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 a high risk of sustaining hurricane damage.

*Source: Insurance Information Institute

 

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 in Louisiana?

Flood insurance is a necessity for many in Louisiana. The state collectively paid out $804 million in flood insurance claims in 2016 alone, according to FEMA. 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 personal property and home exceeds these limits, consider purchasing a flood insurance policy from our partners at Neptune for additional protection.

*Source: Federal Emergency Management Agency (FEMA)

Find an affordable homeowners policy in Louisiana today!

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Kristine Lee
Kristine LeeManager, Content and Data

Kristine is a licensed insurance agent and one of The Zebra’s in-house content researchers and writers.

With a background in copywriting, she covers the ins and outs of auto, home, life and renters insurance, providing data-backed insights and information to help insurance shoppers make informed decisions. Kristine has contributed her insurance expertise to publications such as Automoblog, USInsuranceAgents.com and BestCompany.com. Her research has been cited by Car and Driver.

About The Zebra

The Zebra is not an insurance company. We publish data-backed, expert-reviewed resources to help consumers make more informed insurance decisions.

  • The Zebra’s insurance content is written and reviewed for accuracy by licensed insurance agents.

  • The Zebra’s insurance content is not subject to review or alteration by insurance companies or partners.

  • The Zebra’s editorial team operates independently of the company’s partnerships and commercialization interests, publishing unbiased information for consumer benefit.

  • The auto insurance rates published on The Zebra’s pages are based on a comprehensive analysis of car insurance pricing data, evaluating more than 83 million insurance rates from across the United States.