Reviews Report
- USAA, State Farm, The Hanover, and Allstate made our list of best home insurance companies in Louisiana.
- The average home insurance premium in Louisiana is $1,813 per year, higher than the national average.
- United Insurance Holdings Group has the cheapest home insurance in Louisiana at $597 per year.
Louisiana homeowners face some of the most severe weather risks in the country, which is reflected in the state’s home insurance rates. According to 2021 data from Bankrate.com, the average cost of homeowners insurance in Louisiana is 1,813 per year.
There are dozens of home insurance companies in Louisiana, so we did some research to help you find the best ones. Based on our in-depth comparison, the top Louisiana home insurance providers include USAA, State Farm, The Hanover, and Allstate. These providers have good discounts, reliable coverage, and impressive financial strength ratings.
The 4 Best Homeowners Insurance in Louisiana
- USAA: Best Louisiana Home Insurance for Military-Focused Coverage
- State Farm: Best Louisiana Home Insurance for Online Tools
- The Hanover: Best Louisiana Home Insurance for High-Value Homes
- Allstate: Best Louisiana Home Insurance for Optional Coverage
Compare the Best Louisiana Home Insurance Companies
Average Premium** | J.D. Power Customer Satisfaction* J.D. Power scores are based on surveys for customer satisfaction and product quality. | AM Best AM Best rates insurance providers creditworthiness. Ratings are based on the provider’s ability to follow through with a payout when a consumer files a claim. | Standard & Poor’s Standard & Poor’s (S&P) rates creditworthiness for businesses, countries and cities that issue bonds. | ||
---|---|---|---|---|---|
Pin USAA | $1,820 | 889 | A++ | AA | |
Pin State Farm | $1,596 | 829 | A++ | AA | |
Pin The Hanover | $1,634 | N/A | A | A | |
Pin Allstate | $2,117 | 829 | A+ | A- |
Information accurate as of September 2021
*Data provided by Bankrate.com
**J.D. Power’s 2020 Home Insurance Satisfaction Study. Based on a 1,000-point scale.
USAA
Best for Military-Focused Coverage
Why we chose it
Why we chose it
Pros
- Great customer service
- Competitive prices
- Policies include replacement cost coverage
Cons
- Must be affiliated with the military to get coverage
- Not many discounts
- Few local office branches
Available Discounts
- Policy bundling
- Protective device
- Claims-free
Additional Coverage
- Home sharing insurance
- Identity theft coverage
- Earthquake insurance
- Flood insurance
- Military uniform coverage
More USAA Insurance Reviews
State Farm
Best for Online Tools
Why we chose it
Why we chose it
Pros
- Robust and user-friendly website
- Detailed online quotes
- Helpful tools and resources for first-time home insurance buyers
Cons
- Not many discounts
- Discounts are not available in every state
- High complaint index from the National Association of Insurance Commissions (NAIC)
Available Discounts
- Multi-policy
- Home safety device
- Impact-resistant roof
Additional Coverage
- Replacement cost coverage
- Identity restoration coverage
- Water back up coverage
- Earthquake insurance
- Ordinance/law coverage
- Inflation coverage
- Personal articles coverage
More State Farm Insurance Reviews
The Hanover
Best for High-Value Homes
Why we chose it
Why we chose it
Pros
- Coverage can be customized
- Guaranteed replacement cost available
- Numerous optional coverage choices
Cons
- Few discounts available
- Lower financial strength than competitors
- No online quoting
Available Discounts
- Bundling
- Home safety features
Additional Coverage
- Guaranteed replacement cost
- Water backup
- Service line
- Loss mitigation expense
- Deductible waiver for large loss
Allstate
Best for Optional Coverage
Why we chose it
Why we chose it
Pros
- Numerous optional coverage choices
- Local agents
- Several discounts
Cons
- Lower financial strength than competitors
- High NAIC complaint index score
Available Discounts
- Multi-policy
- Responsible payment
- Claim-free
- Welcome and loyalty
- Homebuyer
- Easy pay plan
- Protective device
- Early signing
Additional Coverage
- Identity theft
- Water backup
- Scheduled personal property
- Business property
- Sports equipment
- Green improvement reimbursement
- Yard and garden
- Electronic data recovery
- Musical instruments
MORE ALLSTATE INSURANCE REVIEWS
Average Cost of Homeowners Insurance in Louisiana
Homeowners insurance premiums in Louisiana are, on average, higher than in many other parts of the country. The average cost of home insurance in Louisiana is $1,813 per year.
However, keep in mind that home insurance rates are personalized. Factors like your age, credit score, claims history, and the size of your home can all influence your rate. You might pay more or less than the statewide average rate based on your personal profile.
Average Premium From Homeowners Insurance Companies in Louisiana
Insurance Company | Average Annual Premium* |
United Ins Holdings Grp | $597 |
Kingsway | $717 |
Bankers Ins Grp | $782 |
Monarch Delaware Grp | $938 |
ARX Holding Corp Grp | $972 |
State Farm | $1,596 |
The Hanover | $1,634 |
USAA | $1,820 |
Southern Farm Bureau | $2,017 |
Allstate | $2,117 |
Lighthouse Prop Ins Corp | $2,269 |
Access Home Ins Co | $2,727 |
Armed Forces Ins Exch | $2,951 |
Louisiana Farm Bureau | $3,484 |
*Based on $250,000 in dwelling coverage
Using 2021 Quadrant Information Services data from Bankrate.com, we analyzed home insurance companies in the United States and compared the best homeowners insurance rates in Louisiana. We found that the average premium for home insurance in Louisiana is $1,813 per year. However, homeowners may be able to find cheap home insurance rates, like $597 a year with United Insurance Holdings Group.
These are sample rates and should be used for comparative purposes only. Your quotes may be different.
The coverage limits in the methodology are as follows:
- Coverage A, Dwelling: $250,000
- Coverage B, Other Structures: $25,000
- Coverage C, Personal Property: $125,000
- Coverage D, Loss of Use: $50,000
- Coverage E, Liability: $300,000
- Coverage F, Medical Payments: $1,000
The homeowners also have a $1,000 deductible and a separate wind and hail deductible (if required).
Top 3 Cheapest Homeowner Insurance Companies in Louisiana
- United Insurance Holdings Group: $597
- Kingsway: $717
- Bankers Insurance Group: $782
Top 3 Most Expensive Homeowner Insurance Companies in Louisiana
- Louisiana Farm Bureau: $3,484
- Armed Forces Ins Exch: $2,951
- Access Home Ins Co: $2,727
Average Homeowner Insurance Costs by Age of Home in Louisiana
Age of Home (years) | Sample Annual Premium |
0-10 | $2,361 |
10-25 | $3,036 |
25-50 | $3,166 |
50+ | $3,240 |
Average Across Credit Rating Tiers | $2,951 |
Louisiana Home Insurance Considerations
The main reason why home insurance in Louisiana is so expensive is that the state has a very high risk of severe weather. High winds and heavy rains are common in Louisiana, and many homes in the state are at-risk of extensive damage from natural disasters.
Hurricanes and flooding are two of the biggest perils in the state, with six out of the 10 most significant flood events, according to FEMA, impacting Louisiana. Damage caused by flooding is not covered by standard home insurance policies. Some companies offer flood insurance as an endorsement, but you will probably need to buy a separate policy.
Although home insurance policies cover many different perils, they don’t cover everything. You can find a list of all the perils that your Louisiana home insurance policy covers on the declaration page, which is part of your policy documents. To fill gaps in coverage, it’s important for Louisiana homeowners to purchase add-on options or separate policies, like for flood insurance. You might also want to consider water backup coverage, which covers damage caused by sewer and drain line backups.
Helpful Resources for Louisiana Homeowners
If you’re looking for more advice on what types of home insurance coverage you might need, these state-sponsored resources can provide additional guidance:
- Louisiana Department of Insurance’s Flood Insurance Guide
- National Flood Insurance Program (NFIP) How to Buy Flood Insurance
- Louisiana Department of Insurance’s Home Insurance Rate Comparison Guide
Louisiana Home Insurance FAQ
Methodology
We evaluated the companies based on their third-party agency ratings for customer experience, financial stability, as well as coverage options to determine which might be the best providers.
To compare home insurance companies across the board, we considered the following factors:
- Coverage: The more options a home insurance company has for insurance add-ons and coverages, the higher it scores in our methodology.
- Customer Experience: We reviewed the National Association of Insurance Commissioners’ National Complaint Index and compared each homeowners insurance company’s complaint rating.
- Customer Satisfaction: With J.D. Power’s 2020 Home Insurance Satisfaction Study, we assigned a score to each company based on the rating it received.
- Financial Stability: Reviews.com utilized AM Best ratings to assign a score based on each home insurance company’s financial stability.
- Discounts: We reviewed and compared the number of discounts advertised on each home insurance company’s website. The more available discounts, the higher the score in this metric.
Rates are based on quoted annual premiums from Bankrate.com. These are sample rates and should be used for comparative purposes only. Your quotes may be different.
The coverage limits for home insurance rates reflect the following coverage and limits:
- Coverage A, Dwelling: $250,000
- Coverage B, Other Structures: $25,000
- Coverage C, Personal Property: $125,000
- Coverage D, Loss of Use: $50,000
- Coverage E, Liability: $300,000
- Coverage F, Medical Payments: $1,000
The homeowners also have a $1,000 deductible and a separate wind and hail deductible (if required).