Best homeowners insurance in New Orleans, LA for 2022

Jessica Olivo

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Jessica Olivo

Jessica Olivo

Freelance contributor

Jessica Olivo is a writer living in Connecticut. She specializes in web and blog content in a variety of topics such as parenting, business, and culture, as well as serialized and short fiction.

After working in publishing and book publicity for many years, she transitioned to freelance writing full time.

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With hurricanes and tropical storms tearing through the city of New Orleans on a yearly basis, a quality home insurance policy is vitally important.

The average cost of homeowners insurance in New Orleans is $3,983 per year, but this should not deter you from finding potentially cheaper options. By shopping around and comparing quotes, you can still find affordable home insurance in The Big Easy. 

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But cost isn’t the only factor to consider when choosing a home insurance company. Not sure what to look for? Policygenius can help you figure out your coverage needs and compare quotes from multiple top companies in New Orleans. 

Best homeowners insurance companies in New Orleans

Of the companies we looked at, Louisiana Farm Bureau has the lowest rate with an average yearly cost of $788. While this rate is considerably lower than the competition, Allstate, State Farm, and USAA all have high scores from J.D. Power, which means their customer service and claim satisfaction ratings might be worth the higher price tag. 

Policygenius analyzed thousands of quotes from the 5 largest New Orleans 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 New Orleans residents to find the best homeowners insurance in New Orleans.

Company

Average yearly cost

J.D. Power Rating

State Farm

$1,626

835

Allstate

$2,107

829

USAA

$5,575

882

Louisiana Farm Bureau Insurance

$788

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UPC Insurance

$1,686

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State Farm

State Farm logo

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

Why State Farm tops our best list

State Farm offers quality customer service and many online and mobile resources. Besides their multitude of discounts and policy add-ons, they also offer advice via annual policy reviews. While customers often purchase home insurance when they first move into a house and then rarely give much through to their policy after that, State Farm encourages yearly reviews to make sure there are no gaps in your coverage. 

How to get a quote

Online through State Farm

Allstate

Allstate logo

Allstate's mix of exceptional customer satisfaction ratings, personalized coverage options, and numerous discount opportunities make it one of the most popular homeowners insurance companies on the market.

Pros

  • Several coverage add-ons, including ones for roof surfaces, water backup, green improvements, and mold protection

  • 8+ discounts, including autopay, bundling, zero claims, and new homebuyer

  • Get up to 25% off your premiums when you bundle home and auto insurance

  • Excellent customer service and claims satisfaction ratings

  • File and track claims online or through its mobile app

Cons

  • Rates are typically high compared to competitors

Why Allstate tops our best list

Allstate’s mobile app lets you keep your home insurance policy in the palm of your hand. From filing and tracking claims, paying bills, and storing digital ID cards, Allstate mobile is an added convenience for customers. It also makes it easy to file claims, allowing you to simply upload photos of the damage or loss directly to the app.  

How to get a quote

Online through Policygenius or Allstate 

USAA

USAA logo

USAA's robust coverages and high marks for customer service and claims satisfaction make it a solid home insurance option for military members and their families.

Pros

  • Score discounts for zero claims, being a loyal USAA member, opting into e-billing, and more

  • Base policy includes coverages that cost extra with most other companies

  • Offers earthquake coverage — which is hard to come by

  • Get discounted home security systems and a discount on premiums through its partnership with ADT

  • Industry-best customer service and claims satisfaction ratings

Cons

  • Only available to military families

  • Doesn’t offer extended or guaranteed replacement cost dwelling coverage

Why USAA tops our best list

USAA’s partnership with ADT adds an extra value to their highly-rated customer service. USAA customers can access discounts for installing home security equipment and monitoring. 

How to get a quote

Online through USAA 

Louisiana Farm Bureau Insurance

Louisiana Farm Bureau Insurance logo

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

Louisiana Farm Bureau not only helps customers get a quote for flood insurance through the National Flood Insurance Program, they also have resources available to help you be prepared before, during, and after a storm. From tips on what to put in your emergency supply kit to checklists on how to prepare your house before the storm hits, Louisiana Farm Bureau is there for you every step of the way.  

How to get a quote

Online through Louisiana Farm Bureau

UPC Insurance

UPC Insurance logo

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 Insurance tops our best list

UPC’s windstorm mitigation discount is a great way to protect your home from hurricane winds while lowering the cost of insurance. By adding storm shutters, impact-resistant doors and windows, and hurricane straps to your home, you could see big savings on your home insurance premium.  

How to get a quote

Online through Policygenius or UPC Insurance

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Cheapest homeowners insurance companies by ZIP code in New Orleans

Looking at average home insurance costs for 15 of the most popular companies in New Orleans, we found that the cheapest home insurance in the city can be found in many of New Orleans ZIP codes with Louisiana Farm Bureau. The average Louisiana Farm Bureau rate in this area is $755 per year, far less than the city average of $3,983 per year. 

Even with slightly higher rates in the rest of the city, Louisiana Farm Bureau has the lowest average yearly rates in New Orleans. 

ZIP code

Company

Average yearly cost

70112

Louisiana Farm Bureau Insurance

$755

70113

Louisiana Farm Bureau Insurance

$755

70114

Louisiana Farm Bureau Insurance

$914

70115

Louisiana Farm Bureau Insurance

$755

70116

Louisiana Farm Bureau Insurance

$914

70117

Louisiana Farm Bureau Insurance

$914

70118

Louisiana Farm Bureau Insurance

$755

70119

Louisiana Farm Bureau Insurance

$755

The most affordable areas for homeowners insurance in New Orleans

With an average home insurance rate of $3,813 per year, the 70131 ZIP code (New Aurora), is the most affordable area for home insurance in New Orleans. It’s possible that lower crime rates or smaller homes account for the lower insurance premiums in this area. 

ZIP code

Average yearly cost

70131

$3,813

70114

$3,830

70125

$3,840

70118

$3,848

70115

$3,853

The most expensive areas for homeowners insurance in New Orleans

With an average rate of $4,275 per year, the 70129 ZIP code (Lake Catherine) is the most expensive area for home insurance in New Orleans.  

ZIP code

Average yearly cost

70129

$4,275

70128

$4,270

70148

$4,211

70127

$4,199

70126

$4,198

Shopping for homeowners insurance in New Orleans

While shopping for home insurance, it’s important to keep in mind that your coverage needs may vary greatly from someone in a different part of the city. 

For example, a house that’s closer to the coast might want to consider dwelling coverage enhancements like extended or guaranteed replacement cost, while a homeowner with a pool or dog might need a policy with higher liability coverage limits.  

In this section, we break down the average annual home insurance rates in New Orleans 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 New Orleans.

New Orleans home insurance costs by coverage amounts

Dwelling coverage is the section of your insurance policy that covers the cost to repair or rebuild 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. In New Orleans, a policy with $100,000 in coverage has an average cost of $1,646 per year, while a policy with $500,000 in coverage has an average yearly cost of $6,481.

Dwelling coverage amount

Average yearly cost

$100,000

$1,646

$200,000

$2,844

$300,000

$3,983

$400,000

$5,225

$500,000

$6,481

Liability coverage is the part of your insurance policy that covers medical or legal expenses if you’re responsible for an accidental injury or property damage. If you are found to be negligent or at fault, you could be responsible for picking up the bill if you don’t have enough coverage on your policy.

Fortunately, liability coverage amounts don’t have a huge impact on your premium. In New Orleans, a policy with $100,000 in liability coverage costs an average of $3,846 per year, while a policy with a $500,000 limit has an average yearly cost of $3,612.

Liability coverage amount

Average yearly cost

$100,000

$3,846

$200,000

$4,101

$300,000

$3,983

$400,000

$1,961

$500,000

$3,612

New Orleans 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, New Orleans residents can save around $326 on home insurance by choosing a $2,000 deductible over the $500 option.

Deductible amount

Average yearly cost

$500

$4,507

$1,000

$3,983

$2,000

$4,181

Home insurance discounts in New Orleans

Many insurance companies offer discounts for making your home more secure. By adding a smoke alarm, security system, or a deadbolt to your door, you can save money on your policy. These devices make your home safer so you are less likely to file a claim, which reduces costs for your insurer. 

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 New Orleans with deadbolts, smoke alarms, or burglar alarms.

Discount

Average yearly cost

Dead bolt

$3,979

Smoke alarm

$3,968

Burglar alarm

$3,869

Home insurance companies in New Orleans 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 $788 per year, Louisiana Farm Bureau has the cheapest home insurance rates in New Orleans for a home with a dangerous dog breed, while USAA’s average yearly premium of $5,575 is the highest. 

Company

Average yearly cost

Louisiana Farm Bureau Insurance

$788

State Farm

$1,626

UPC Insurance

$1,686

Allstate

$2,107

USAA

$5,575

Home insurance companies in New Orleans for poor credit

Insurance companies use your credit score to determine how high of a risk you are to insure. Studies have found that customers with poor credit are less likely to pay bills on time and more likely to file claims. 

Not all companies follow this practice or weigh your score as heavily as others, so if you think your rate is too high, try shopping around for other options. 

With an average rate of $788 per year, Louisiana Farm Bureau has the cheapest home insurance rates in New Orleans for a homeowner with poor credit, while USAA’s average yearly premium of $6,008 is the highest. 

Company

Average yearly cost

Louisiana Farm Bureau Insurance

$788

State Farm

$2,766

UPC Insurance

$2,777

Allstate

$3,530

USAA

$6,008

Home insurance companies in New Orleans 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.

With an average rate of $788 per year, Louisiana Farm Bureau Insurance has the cheapest home insurance rates for New Orleans homes that have a swimming pool, while USAA’s average yearly premium of $5,575 is the most expensive.

Company

Average yearly cost

Louisiana Farm Bureau Insurance

$788

State Farm

$1,626

UPC Insurance

$1,686

Allstate

$2,107

USAA

$5,575

How to buy homeowners insurance in New Orleans

Hurricanes, floods, and rising crime rates contribute to high insurance costs in New Orleans. By knowing what coverage you need, shopping around, and looking for discounts, you can save money on your policy. 

Here are a few steps to follow when shopping for insurance in New Orleans:

  1. Reach out to a licensed Policygenius agent. The experts at Policygenius are here to answer your questions and take the stress out of shopping for insurance at no cost to you.

  2. Ask about Louisiana Citizens Property Insurance–Lousiana’s FAIR plan. The state’s FAIR plan can help New Orleans residents get insurance if they’ve been rejected by private insurers due to living in high-risk areas. 

  3. Consider purchasing flood insurance. While your home insurance will cover some storm damage to your house, a flooded basement is not covered. Flood insurance can be an important addition to your policy, given New Orleans’ history with hurricanes and flooding. 

  4. Figure out how much deductible you can afford. Given the high risk of hurricane damage, New Orleans residents in coastal communities may want to be careful not to choose too high of a deductible.

  5. 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. 

  6. Choose your policy, sign it, and pay your first premium. Once you have decided on the right policy, a Policygenius agent can prepare the paperwork for you to sign and instruct you on how to make your first payment.  

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Frequently asked questions

How does a home insurance deductible work?

Your deductible is the amount you’re responsible for paying on each covered claim before your insurance kicks in to cover the rest of the loss. If you have a $2,000 deductible and file a $10,000 claim for damage to your roof, you will need to pay the first $2,000 before your insurer pays the remaining $8,000.

What is the average cost of home insurance in New Orleans?

The average cost of home insurance in New Orleans is $3,983 per year, which is higher than both the state and national averages due to high-risk factors in the city. To save money, bundle your home and auto policies with the same company and ask about any other discounts offered. You can also compare quotes to make sure you’re getting the best rate.

What is personal property insurance?

Personal property insurance covers your belongings inside your home if they are damaged in a covered loss. These items include everything you can move in and out of your house such as your furniture, electronics, clothes, and more.

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.