As hurricanes continue to batter the Gulf coast year after year, homeowners insurance is becoming increasingly important to the residents of Louisiana. Not only is it important to have a strong policy anywhere in the state, but additional flood insurance is required in high-risk areas as well.
While the average cost of homeowners insurance in Louisiana is $2,719 per year, or around 43% higher than the nationwide average of $1,899, there are plenty of ways for Louisiana residents to keep costs down.
But there are several other factors you should consider when choosing a home insurance company and policy. Not sure what to look for? Policygenius can help you figure out your coverage needs and compare quotes from multiple top companies in Louisiana.
Best homeowners insurance companies in Louisiana
Of the companies we looked at, UPC has the lowest rate with an average yearly cost of $1,195. The next cheapest rate is $2,197 with State Farm, which is still below the state average in Louisiana.
If you’re looking to base your decision on more than just cost, however, consider that USAA has the best J.D. Power score, which rates companies on customer and claim satisfaction.
Policygenius analyzed thousands of quotes from the 5 largest Louisiana insurers to find the average cost of homeowners insurance with each company in 2022. We then looked at 2021 J.D. Power customer satisfaction scores and compared that with the coverage needs of Louisiana residents to find the best homeowners insurance in Louisiana.
Company | Average yearly cost | J.D. Power Rating |
|---|---|---|
State Farm | $2,197 | 835 |
Allstate | $2,282 | 829 |
USAA | $2,764 | 882 |
Louisiana Farm Bureau Insurance | $2,932 | -- |
UPC Insurance | $1,195 | -- |
There's a reason State Farm is one of the top-rated insurance companies in the U.S. — its customer satisfaction ratings are through the roof, it offers a slew of coverage add-ons for full protection, and makes filing claims through its mobile app a breeze.
Pros
Top-tier coverage add-ons, including equipment breakdown, water backup, and service line coverage
Get up to $1 million in personal liability coverage
Score discounts for bundling, installing security devices, and choosing a high deductible
File and track claims online, over the phone, in person, or through its mobile app
High customer satisfaction and financial strength ratings
Cons
No discounts for first-time homebuyers or going a year without a claim
Read our full State Farm home insurance review
Why State Farm tops our best list
Not only is State Farm one of the cheaper home insurance options in Louisiana, they also rate highly in customer satisfaction and their website can be a useful tool for new homeowners, or anyone looking for tips on the process of buying a new home. Their online resources include articles about using a real estate agent, getting a mortgage, and purchasing moving insurance.
How to get a quote
Online through State Farm
Why Allstate tops our best list
Allstate’s mobile claims centers help customers recover after a major storm in their area. By visiting one of these sites, you can file a claim and meet with an agent who can expedite the process for you. This is an invaluable service to an area ravaged by hurricanes, especially when storms knock out power, phone lines, and internet.
How to get a quote
Online through Policygenius or Allstate
Why USAA tops our best list
While USAA is only available to members of the armed forces and their family, their low rates and customer service can’t be beat. Military families can get additional discounts and coverage options, including savings on ADT security devices to make sure their homes are secure. USAA is an excellent home insurance option for members of the armed forces.
How to get a quote
Online through USAA
Around for over 70 years, Louisiana Farm Bureau Insurance offers home, auto, life, and farm insurance — allowing you to keep all of your policies under one roof.
Pros
Offers a slew of insurance products on top of home insurance — including auto, life, liability, and farm insurance — to keep all of your policies under one company
Can help you purchase flood insurance policy through the NFIP
Great customer service ratings
Low rate of customer complaints
File and track claims online or through its mobile app
Cons
Farm Bureau membership required for coverage
Limited information about coverage options and discounts available online
Why Louisiana Farm Bureau tops our best list
The more than 30,000 farms operating in Louisiana will appreciate that Louisiana Farm Bureau offers not only home insurance, but farm insurance as well. Along with auto and life insurance options, Louisiana is the ideal company for farmers who need multiple policies to make sure all of their property is well insured.
How to get a quote
Online through Louisiana Farm Bureau Insurance
If you're a coastal resident looking for comprehensive hurricane and flood protection, UPC is a solid option thanks to its reliable home insurance coverage and disaster mitigation resources.
Pros
Offers federal and private flood insurance
Insures homes in hurricane zones
Excellent policy add-ons, including equipment breakdown, water backup, and service line coverage
Special discounts available for homes with windstorm mitigation features
Score special credits toward your premiums for having your home inspected by a licensed plumber to prevent water loss damage
Home self-inspection program means you can upload photos of your home instead of having a professional come and inspect it
Cons
6 times as many complaints as the average company according to the NAIC
Why UPC tops our best list
UPC offers discounts for windstorm mitigation, which not only saves you money on your policy, it also makes your home safer during a hurricane. By installing storm shutters, impact-resistance doors and windows, and hurricane straps, you can reduce the cost of insurance by making it less likely you’ll need to file a claim after a storm.
How to get a quote
Online through Policygenius or UPC
Cheapest homeowners insurance companies by city in Louisiana
Looking at average home insurance costs for the 15 most popular insurers in Louisiana, we found that the cheapest homeowners insurance companies in the state are UPC and Louisiana Farm Bureau. Even the major coastal cities such as New Orleans, Baton Rouge, and Lafayette all have rates under $1,000, which is well below the state average of $2,719.
While Louisiana’s proximity to the Gulf coast will certainly play a part in determining home insurance rates, there are other factors such as the age and size of your home, as well as the crime rate in your area and what safety measures or liabilities you have on your property.
While premiums fluctuate around the state, the table below shows how Louisiana residents in every city have access to affordable home insurance.
City | Company | Average yearly cost |
|---|---|---|
Alexandria | UPC Insurance | $989 |
Baton Rouge | UPC Insurance | $925 |
Bossier City | UPC Insurance | $1,204 |
Central | UPC Insurance | $964 |
Gretna | Louisiana Farm Bureau Insurance | $755 |
Hammond | UPC Insurance | $912 |
Houma | State Farm | $1,466 |
Kenner | Louisiana Farm Bureau Insurance | $755 |
Lafayette | UPC Insurance | $943 |
Lake Charles | UPC Insurance | $1,075 |
Monroe | UPC Insurance | $1,246 |
Natchitoches | UPC Insurance | $1,469 |
New Iberia | UPC Insurance | $1,355 |
New Orleans | Louisiana Farm Bureau Insurance | $788 |
Ruston | UPC Insurance | $1,469 |
Shreveport | UPC Insurance | $1,204 |
Slidell | Shelter Insurance | $1,331 |
Sulphur | UPC Insurance | $1,082 |
Youngsville | UPC Insurance | $812 |
Zachary | UPC Insurance | $964 |
Shopping for homeowners insurance in Louisiana
The main points to consider when shopping for homeowners insurance are how much coverage you need, how large of a deductible you can or cannot afford, and what factors may increase or lower your overall premium. Understanding what goes into your policy and what you’re paying for will help make sure your home is fully covered at an affordable price.
In this section, we break down the average annual home insurance rates in Louisiana for different coverage and deductible levels, as well as the cheapest and most expensive home insurance companies in the state for individuals with a poor credit score, dog owners, and pool owners. Once you’re ready to shop, a Policygenius expert can help you navigate your coverage needs and help you find the best deal on homeowners insurance in Louisiana.
Louisiana home insurance costs by coverage amounts
Dwelling coverage is the part of your homeowners insurance that pays to rebuild or repair your home after a covered loss. Your dwelling coverage limit should be equal to your home’s replacement cost, or the amount it would take to rebuild your house from the ground up — not its market value or purchase price.
As shown in the table below, more dwelling coverage means higher home insurance rates. With a $3,307 premium difference between a policy with $100,000 and a policy with $500,000 in coverage, it’s important to get this amount right.
Dwelling coverage amount | Average yearly cost |
|---|---|
$100,000 | $1,157 |
$200,000 | $1,953 |
$300,000 | $2,719 |
$400,000 | $3,581 |
$500,000 | $4,464 |
If you are found responsible for another person’s injury, liability coverage can help pay for the injured party’s bills so you don’t have to pay them out of pocket. Since these payments can be quite costly, it’s important to have as much liability coverage as you can afford.
Fortunately, liability coverage amounts don’t have a huge impact on your premium. As the table demonstrates, the average yearly price of a $100,000 policy is $2,692, while a $500,000 policy is $2,512.
Liability coverage amount | Average yearly cost |
|---|---|
$100,000 | $2,692 |
$200,000 | $2,611 |
$300,000 | $2,719 |
$400,000 | $1,503 |
$500,000 | $2,512 |
Louisiana home insurance costs by deductible amount
Your homeowners insurance deductible is the amount you pay on your claim before your insurance kicks in to cover the rest. It may seem like a cost-effective decision to opt for a low deductible to save money on claims, but keep in mind that your monthly or annual premium payment will be far higher.
As seen in the table below, Louisiana residents can save around $400 on home insurance by choosing a $2,000 deductible over the $500 option.
Deductible amount | Average yearly cost |
|---|---|
$500 | $3,106 |
$1,000 | $2,719 |
$2,000 | $2,616 |
Home insurance discounts in Louisiana
Many insurance companies will offer discounts to customers who install home safety devices such as security cameras, alarms, and smoke detectors. These extra security measures make your home safer so you are less likely to file a claim, which reduces costs for the insurer. Home security systems help reduce claims in cities with high crime rates, so these discounts provide an incentive to keep your house secure.
While you won’t get a huge discount if your house has one of the following features and nothing else, they can add up if you have several protective devices in your home. Here is the average annual rate and average discount percentage for homes in Louisiana with deadbolts, smoke alarms, or burglar alarms.
Discount | Average yearly cost |
|---|---|
Dead bolt | $2,717 |
Smoke alarm | $2,709 |
Burglar alarm | $2,641 |
Home insurance companies in Louisiana for dog owners
Insurance companies will sometimes charge higher rates for owners of certain dog breeds, due to the fact that these breeds are accountable for more liability claims. Some insurers will not cover bite-related claims for certain breeds at all.
With an average rate of $1,195 per year, UPC has the cheapest home insurance rates in Louisiana for a home with a dangerous dog breed, while Louisiana Farm Bureau’s average yearly premium of $2,932 is the highest.
Company | Average yearly cost |
|---|---|
UPC Insurance | $1,195 |
State Farm | $2,197 |
Allstate | $2,282 |
USAA | $2,764 |
Louisiana Farm Bureau Insurance | $2,932 |
Home insurance companies in Louisiana for poor credit
Just as your credit score may affect your mortgage or car loan, having a poor credit can also increase your insurance rates. Since customers with better credit are more likely to pay for repairs out of pocket rather than file a claim, insurers consider them to be lower risk to insure.
Not all companies follow this practice, however, so if you have poor credit, it’s best to shop around for the best rate.
With an average rate of $1,953 per year, UPC has the cheapest home insurance rates in Louisiana for a homeowner with poor credit, while Allstate’s average yearly premium of $3,826 is the highest.
Company | Average yearly cost |
|---|---|
UPC Insurance | $1,953 |
Louisiana Farm Bureau Insurance | $2,932 |
USAA | $3,252 |
State Farm | $3,744 |
Allstate | $3,826 |
Home insurance companies in Louisiana for pool owners
Having a pool on your property may be a lot of fun, but it can also lead to injuries. Since, as a pool owner, you are more likely to file a liability claim, companies may increase your insurance rates if you have one.
Some insurers weigh this factor more heavily than others, however, so you can still get an affordable rate with the right company.
With an average rate of $1,195 per year, UPC has the cheapest home insurance rates for Louisiana homes that have a swimming pool, while Louisiana Farm Bureau’s average yearly premium of $2,932 is the most expensive.
Company | Average yearly cost |
|---|---|
UPC Insurance | $1,195 |
State Farm | $2,197 |
Allstate | $2,282 |
USAA | $2,764 |
Louisiana Farm Bureau Insurance | $2,932 |
How to buy homeowners insurance in Louisiana
Hurricane-strength winds can create thousands of dollars worth of damage to your house, and if you're uninsured, you will have to pick up the bill on the repairs. Here are some steps to take to make sure your home is properly covered:
Reach out to a licensed Policygenius agent. The experts at Policygenius are available to take the stress out of shopping for home insurance. They can answer questions about types of coverage, compare quotes, and help complete an application — all for no charge.
Ask about Louisiana Citizens Property Insurance – Louisiana's FAIR plan. The state’s FAIR plan can help Louisiana residents get insurance if they’ve been rejected by private insurers due to living in high-risk areas.
Consider purchasing flood insurance. While your home insurance will cover some storm damage to your house, it generally won't cover outside flooding. This makes flood insurance in Louisiana an important consideration for those in high-risk areas.
Figure out how much deductible you can afford. Given the months-long hurricane season in Louisiana, residents in hurricane-prone New Orleans and other coastal communities may want to be careful not to choose too high of a deductible.
Compare quotes from a Policygenius agent. A Policygenius agent can walk you through home insurance quotes from multiple insurers to help you determine which companies offer the best coverage at the best price.
Choose your policy, sign it, and pay your first premium. After you’ve picked a policy that works best for you, your Policygenius expert can complete and submit the necessary paperwork. All you have to do is sign and make your first payment. They’ll even cancel your old policy for you if it’s still active.
Frequently asked questions
Who offers the best home insurance in Louisiana?
While UPC has the cheapest rates in Louisiana, the best policy is the one that offers you great coverage at a price you can afford while meeting your standards for customer service and resources.
Why do pools, treehouses, and trampolines affect my home insurance rate?
These so-called “attractive nuisances” can lead to injuries and more liability claims. Insurance companies will increase your premium to offset this risk.
Is flood Insurance included in my home insurance policy?
No. Flood insurance must be purchased separately and may be required if you live in a flood zone.
What can I do to improve my low credit score?
Try to be extra vigilant with your finances. Paying bills on time, keeping your credit card balance low, and reducing your debt are all ways to improve your credit over time.
Methodology
Policygenius has analyzed home insurance rates provided by Quadrant Information Services in March 2022 for ZIP codes in all 50 states plus Washington, D.C., for a 40-year-old female homeowner with no claim history, good credit, a $1,000 deductible, and the following coverage limits:
Dwelling: $300,000
Other structures: $30,000
Personal property: $150,000
Loss of use: $60,000
Liability: $300,000
Medical: $1,000
All rates based on the above coverage limits except where otherwise noted.
Some carriers may be represented by affiliates or subsidiaries. Rates provided are a sample of costs. Your actual quotes may differ.
