The average cost of flood insurance in Louisiana is $752 per year through the National Flood Insurance Program (NFIP) — slightly higher than the national average. Most homeowners insurance policies don’t cover flood-related damage, so if you live in an area of Louisiana with moderate or high flood risk, you should consider purchasing flood insurance.
Around 30% of the roughly 2 million housing units in Louisiana have a high risk of flooding, according to the Federal Emergency Management Agency (FEMA).
If your house is in a FEMA-designated Special Flood Hazard Risk Area, like an AE flood zone, your mortgage lender may require you to purchase flood insurance.
Louisiana residents can go one of two routes for flood insurance: the National Flood Insurance Program, which is regulated and backed by the federal government and sold by insurance companies, or private flood insurance.
How much is flood insurance in Louisiana?
The average cost of flood insurance in Louisiana is $63 per month for around $280,000 in building property and personal property coverage.
Homeowners pay as little as $527 per year in the New Orleans suburb of Harahan, to as much as $1,516 in Denham Springs, a city that sees heavy rainfall and flooding from the Amite River.
Your flood insurance costs are generally calculated based on the following factors:
Your home’s location
Your home’s age, size, and construction type
Your home’s elevation
Your policy deductible amount
The amount of coverage in your policy
In addition to the above factors, the amount you pay for flood insurance will also depend on how your provider calculates flood risk.
The NFIP, for example, has historically based its rates on where a property is located on its Flood Insurance Rate Maps (FIRMs). This means you’ll often pay the same flood insurance rate as your neighbor, even if their house is right on the Mississippi River and yours is further inland.
On the flip side, private flood insurance providers use more advanced methods to determine and price flood risk. This includes analyzing each home’s elevation and simulating flood events using computerized models.
Flood insurance is going up in Louisiana
Flood insurance in Louisiana is expected to get more expensive under Risk Rating 2.0 — the NFIP’s new method for calculating rates. If you feel you’re being overcharged with the NFIP, consider comparing private flood insurance quotes with Policygenius.
Flood insurance rates by flood zone in Louisiana
Flood insurance rates in Louisiana will generally vary depending on where you live and whether or not your house is in a FEMA flood zone, which it determines based on the likelihood of flooding over a period of time. Any flood zone with an A or V, for example, has at least a 1% chance of flooding during any given year.
Also referred to as Special Flood Hazard Areas (SFHA) or “100-year floodplains,” these areas are at the highest risk of flooding, according to FEMA flood maps. Here are the average flood insurance rates in areas with a high risk, moderate to low risk, and undetermined risk, according to an analysis of NFIP premium data.
Average annual cost
High risk (A or V)
Moderate to low risk (B, C or X)
Undetermined risk (D)
What does flood insurance cover in Louisiana?
Flood insurance helps cover the cost of flood damage to your home and belongings. That means if your house is inundated and damaged due to storm surge, flash flooding, river overflow, or any source of outdoor flooding, flood insurance can pay to repair or replace your property.
A standard flood insurance policy through the NFIP comes with two main coverages that can be purchased together or individually.
Building property coverage: Pays to repair or rebuild your house or garage if they’re damaged in a flood. The maximum building property coverage limit with the NFIP is $250,000, meaning that’s the most the NFIP will reimburse you for repairs, regardless of the damage amount.
Personal property coverage: Pays to repair or replace your belongings if they’re damaged in a flood. This includes your furniture, electronics, clothes, and any other items you own. The maximum personal property coverage limit with the NFIP is $100,000.
Each coverage also comes with its own separate out-of-pocket deductible, which is the amount you’re responsible for paying on each claim. Choosing a higher deductible will lower your flood insurance premium, but it will also reduce your claim payment.
Covered by NFIP flood insurance
Your home’s structure, including electrical and plumbing systems
Built-in appliances like refrigerators and dishwashers
Personal belongings like clothing, furniture, and electronics
Expensive valuables (up to $2,500)
Not covered by NFIP flood insurance
Home or personal property damage caused by mold, mildew, or moisture
Currency, precious metals, and valuable papers
Belongings outside of your home, such as trees, plants, decks, hot tubs, etc
Any belongings in your basement
How to get flood insurance in Louisiana
When you’re ready to buy flood insurance, be sure to compare quotes from both the NFIP and private flood insurance companies. If you have homeowners insurance, there’s a good chance your insurer offers the NFIP plan, but it may offer private flood insurance as well.
Private flood insurance vs. NFIP coverage
Private flood insurance generally gives you the option for higher coverage limits beyond the relatively low $250,000/$100,000 in coverage you’re limited to with the NFIP.
Additionally, private flood policies include coverages and perks that aren’t available through the heavily regulated NFIP. This includes loss of use coverage to help cover the cost of lodging or restaurant meals in the event your house is badly damaged and you’re forced to evacuate; or replacement cost coverage for your personal belongings.
Here’s a look at what Louisiana residents can expect with NFIP and private flood insurance.
Private flood insurance
Maximum home rebuild limit
Typically up to $500,000 or higher
Every county in Louisiana
May be limited in higher-risk areas
As little as two weeks
Accepted by mortgage lenders
Replacement cost building coverage
Replacement cost contents coverage
Loss of use coverage
Loss avoidance coverage (sandbags, etc)
Debris removal coverage
Flood insurance helps fill an important coverage gap
A typical homeowners insurance policy does not cover water damage caused by flooding, including flood damage caused by major storm events like a hurricane or severe thunderstorm. If your home is one of the nearly 600,000 in Louisiana in a FEMA-designated high-risk flood zone, your mortgage lender may require flood insurance as part of your loan agreement. But even if it isn’t required for your home, flood insurance is a smart purchase in Louisiana given the high probability of hurricanes and frequent flooding in communities along the Bayou.
Do I need flood insurance in Louisiana?
Flood insurance isn’t legally required in Louisiana, however coverage is mandatory if you have a mortgage on your house through a federally-backed lender and you live in a high-risk flood zone, as designated by FEMA. Here’s a look at the total number of housing units and the percentage of all homes in high-risk flood zones for each county in Louisiana.
While most Louisiana homes are in flood zones B, C, and X (areas with a moderate to low risk of flooding), around 25% of all flood insurance claims come from these areas, according to FEMA.
But regardless of which flood zone you live in, you’ll want to make sure you’re finding the best flood insurance at the most affordable rate. For the best flood insurance policy comparison, consider comparing both NFIP and private flood insurance plans with Policygenius.