New Orleans Homeowners Insurance

The Zebra
Aug. 26, 2019

Find cheap homeowners insurance in New Orleans


Home insurance is a hugely important part of owning a home. Along with personal property, homeowners insurance covers your dwelling against many different perils, including fire, wind damage, vandalism, and theft. Incidents like this occur regularly. When paired with the high cost of repairing or rebuilding a house, investing in homeowners coverage can seem like a smart move.

The price of a home insurance policy is dependent on a number of factors. These include the following: dwelling value, value of your personal belongings, and the cost of the materials used to build your home. The location of your home can also play a large role in home much you pay for homeowners insurance. Some areas are more susceptible to perils like fire, hail, frozen pipes, volcanoes, or other hazards. These can make your insurance policy even more expensive. Learn more info about what is covered by a homeowners insurance policy.

Finding the cheapest home insurance in New Orleans starts with shopping around and comparing policies. Check out the below summary of average home insurance rates in New Orleans to begin your home insurance search with as much information as you can. One thing to note is that the yearly cost of homeowners coverage is determined based on your chosen coverage limits as well as a number of other rating factors.


New Orleans, Louisiana, homeowners insurance:
  1. Rates by company
  2. Rates by coverage level
  3. Rates by ZIP code
  4. Insurance bundle discounts

Homeowners insurance in New Orleans by insurance company

New Orleans homeowners insurance rates will vary depending on which insurance company you choose. The most affordable home insurance in New Orleans is State Farm offering average annual rates at just $1,220 per year. This is considerably cheaper than the city’s average homeowners premium of $3,603.

Take a look at the cheapest insurance companies in New Orleans, Louisiana to find the right home policy for your needs.


AFFORDABLE HOME INSURANCE COMPANIES IN NEW ORLEANS
CompanyAverage Annual Rate
State Farm$1,220
Centauri Specialty$1,323
Gulfstream$2,064
Shelter$2,300
Allstate$3,137

Average homeowners insurance costs in New Orleans by coverage level

Your chosen level of homeowners coverage determines the insurance premiums you pay . In New Orleans, carrying $200K dwelling coverage costs an average of $2,578, while carrying additional coverage up to $400K costs $4,442 per year.


HOMEOWNERS INSURANCE RATES IN NEW ORLEANS — POPULAR COVERAGE LIMITS
Coverage LevelAverage Annual Rate
$200K Dwelling$2,578
$400K Dwelling$4,442

Speak with a homeowners insurance expert

New Orleans home insurance rates by ZIP code

Home insurance premiums can vary depending on what part of New Orleans in which you live. The amount of claims filed in your local area can be a factor in determining the price of your policy. Put simply, where you live could have a huge impact in what you pay for home insurance.

The cheapest home insurance rates in New Orleans are available in 70139. In 70139, the typical home insurance policy costs $3,407 per year — $195 less than the citywide average in New Orleans. The below table shows the best places to live in New Orleans if you’re looking for affordable homeowners insurance.


AFFORDABLE ZIP CODES FOR HOMEOWNERS INSURANCE IN NEW ORLEANS
ZIP CodeAverage Annual Home Insurance Rate
70139$3,407
70125$3,471
70131$3,494

Some parts of New Orleans, however, are prone to homeowners insurance costs that are higher on average. These areas could be more susceptible to perils such as theft, severe weather, or fires that present more risk for insurance companies. The most expensive ZIP code for homeowners insurance in New Orleans is 70128, where the average annual rate is $3,892.


EXPENSIVE AREAS FOR HOMEOWNERS INSURANCE IN NEW ORLEANS
ZIP CodeAverage Annual Home Insurance Rate
70128$3,892
70127$3,823
70126$3,822

Looking for a money-saving tip for insurance in New Orleans? Try bundling

You might want to consider bundling your auto and homeowners policies through the same company if saving money is one of your concerns. Bundling your homeowners and auto insurance can be a good money-saving option. By bundling your policies, New Orleans homeowners could see annual savings of 9% on average.


CHEAPEST AUTO INSURANCE RATES WITH HOME BUNDLE IN NEW ORLEANS
CompanyAvg. Annual Auto Insurance Rate (Bundle)
Southern Farm Bureau$2,492
GEICO$2,620
Progressive$3,345
Allstate$3,729
State Farm$3,780

It's definitely worth considering bundling both your auto and home policies as a potential way of saving money. To speak with an insurance expert, give us a call at 855-493-9728 today.


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