Louisiana Renters Insurance

Learn more about renters insurance in Louisiana.

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How to get affordable renters insurance in Louisiana

Renters insurance isn't required, but it is important. A renters policy keeps your personal items protected. A renters insurance policy protects your belongings against fire or smoke damage, wind damage, theft, vandalism and a collection of other situations.

Unlike auto insurance, renters insurance isn't priced based on state-level legislation. Still, there are relatively substantial gaps in the price of renters insurance by state. Insurance policy prices by state differ depending on the number of — and value of — renters claims statewide, and also on the value of the belongings you're insuring.

Getting a renters policy in Louisiana is more expensive than the nationwide average. The average annual cost of renters insurance in Louisiana is $340, $155 more expensive than the national average.

The easiest way to find a cheap renters insurance policy in Louisiana is to view prices from as many insurance companies as you can. Learn average renters insurance rates in Louisiana via the below data. Remember: your rates may differ, depending on your coverage limits and the valuation of your belongings.

 
Jump to:
  1. Rates by company
  2. Rates by city
  3. Rates by coverage level
  4. Bundling discounts
  5. Frequently asked questions
 

Renters insurance prices in Louisiana by company

Rates for renters insurance in Louisiana will vary based on the insurance company you select. State Farm offers the cheapest renters insurance in Louisiana, at only $183 per year. This beats the state mean rate of $340, offering a 46% discount on average statewide renters insurance costs.

Start shopping for a renters insurance policy by reviewing the best Louisiana insurance companies, detailed below.

 
AFFORDABLE RENTERS INSURANCE COMPANIES IN LOUISIANA
Insurance CompanyAverage Yearly Rate in Louisiana
State Farm$183
Safeco$189
Centauri Specialty$214
Gulfstream$225
Shelter$276
 

Louisiana renters insurance costs by city

Renters insurance rates in Louisiana vary depending on the city. Prices may depend on local variables such as the number of claims filed nearby, lending your ZIP code plenty of weight in deciding how much you pay.

The cheapest renters insurance in Louisiana is found in Monroe. A typical renters insurance term in Monroe costs just $261 per year — $79 less than the average policy in other Louisiana cities. The below table shows the best places to live in Louisiana if you’re looking for cheap renters insurance.

 
CHEAPEST RENTERS INSURANCE CITIES IN LOUISIANA
CityAverage Annual Renters Insurance Rate
Monroe$261
Ruston$266
Bossier City$268
Central$272
Baton Rouge$273
 
 

Are you looking for renters insurance info for a particular city? Check out our listof the most populous cities in Louisiana.

  1. Baton Rouge
  2. New Orleans

 

Renters insurance in LA by coverage tier

Your renters insurance rates will vary depending on your coverage levels. Two of the most common levels of renters insurance coverage are $25,000 and $50,000 property coverage. In Louisiana, the average annual cost difference between these tiers is approximately $134. If you can afford to insure your personal property at this additional expense, it's an option worth considering.

Coverage LevelAverage Yearly Renters Insurance Rate in Louisiana
$25K Property$273
$50K Property$407
 

Tip: bundle auto and renters insurance in Louisiana

To trim a few dollars from your insurance costs, consider holding your renters and auto policies with the same insurance company. A renters and auto insurance bundle in Louisiana can save you a substantial sum each month on your auto insurance policy. Purchasing bundled policies in Louisiana may earn you average annual savings of $138.

 
CAR AND RENTERS BUNDLING DISCOUNTS IN LOUISIANA
Avg. Annual Rate (No Bundle)Avg. Annual Rate (w/ Bundle)Annual Savings ($)Annual Savings (%)
$2,339$2,201$1386%

 

Louisiana renters insurance FAQs

 

Is renters insurance required in Louisiana?

There is no state mandate in Louisiana law that requires you to carry renters insurance. However, your landlord will likely require a renters policy before you sign the lease.

What does Louisiana renters insurance cover?

In Louisiana, renters insurance will replace personal belongings should they be destroyed, lost, or stolen. Most policies will also provide liability coverage, medical payments to others, and will cover temporary housing costs should your home be unihabitable.


Need renters insurance? Talk to an expert today.
Ross Martin LinkedIn

As a licensed insurance agent, Ross is responsible for researching and writing about all matters related to insurance. He has a background in writing and education, as well as a master's degree from Royal Holloway, University of London. He has been quoted by CNET, iDriveSafely.com and Kin Insurance.