New Orleans Renters Insurance

The Zebra
July 23, 2019

Renters insurance in New Orleans


It's important to carry renters insurance if you're renting a home. It insures your rental dwelling — and any personal property within it — against a variety of harms, including vandalism, wind damage, theft, or fire. Given the likelihood of these incidents occurring, the affordability of rental coverage, and the relatively high cost of replacing your property, a renters insurance policy is a solid investment.

The cost of renters insurance relies on a number of factors, including your building's age, the material from which it’s made, its geographic location, and the pricing guidelines of your insurance company. In areas prone to hail, fire, lightning, or damaging wind, renters insurance could be more expensive to account for the extra risk.

The average annual renters insurance rate in New Orleans is $485.

Finding reliable renters insurance in New Orleans begins with shopping around and comparing policies. Consult our breakdown of New Orleans, Louisiana renters insurance rates to ensure you're informed and aware heading into the insurance purchasing process. Remember: your renters insurance costs may vary based on your coverage limits and other factors.


New Orleans renters insurance:

  1. Rates by company
  2. Rates by coverage level
  3. Car and renters insurance discounts

Renters insurance premiums in New Orleans — popular companies

How much you pay for renters insurance in New Orleans depends on the insurance company you choose. For instance, State Farm offers the most affordable renters insurance in New Orleans, at just $191 per year. That's less expensive than the city's average cost of $485, providing a $294 price break on the city's normal rates.

Begin your search for a renters insurance policy by exploring the cheapest insurers in New Orleans.


AFFORDABLE RENTERS INSURANCE COMPANIES IN NEW ORLEANS
CompanyAverage Annual Rate in New Orleans
State Farm$191
Safeco$202
Gulfstream$225
Centauri Specialty$331
Shelter$332

New Orleans renters insurance pricing by coverage tier

The cost of your renters insurance depends on the amount of coverage you carry. Two of the most common levels of renters insurance coverage are $25,000 and $50,000 property coverage. In New Orleans, the average annual cost difference between these tiers is approximately $211. If you can afford to insure your personal property at this additional expense, it's worth considering.

Coverage LevelAverage Annual Rate in New Orleans
$25K Property$380
$50K Property$591

How to save: bundle your renters and car insurance policies

If you’re seeking ways to save on your insurance expenditures, consider carrying your renters and auto policies with the same insurance company. Pairing renters and car insurance in New Orleans can lead to substantial savings. In fact, bundling policies in New Orleans leads to average auto insurance savings of $175. The car insurance company with the cheapest bundled rate is GEICO, followed by Southern Farm Bureau and Progressive.


CAR AND RENTERS INSURANCE BUNDLE DISCOUNTS IN NEW ORLEANS
Annual Bundle SavingsBundle Savings %
$1755.1%

Need renters insurance? Talk to an expert today.