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Last updated on Oct 08, 2020

The Best Homeowners Insurance Companies in Louisiana

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    Louisiana home insurance companies often charge homeowners higher premiums than other states thanks to the area being prone to flooding and hurricanes. However, the best homeowners insurance companies in Louisiana still offer comprehensive coverage for great rates.

    Each company we recommend is fully capable of providing your home complete coverage and peace-of-mind, while also ensuring that you’re not overpaying. The major differences come in the form of customer service experience, discounts, and unique policies offered. The best homeowners insurance.

    The 5 Best Homeowners Insurance Companies in Louisiana 

    Compare Louisiana’s top insurance companies


    Average PriceAM Best Financial StrengthJ.D. Power Overall Customer Satisfaction
    UPC Insurance$635A-747
    FedNat Insurance$920A+N/A
    State Farm$1,272A++831
    The Hanover$2,122AN/A
    USAA$2,418A++878

    Best Louisiana Homeowners Insurance Companies

    UPC Insurance

    UPC provides homeowners insurance to 12 coastal states (mostly along the East coast), giving people located in more disaster-prone areas, such as in Louisiana, the coverage they need. It is also one of the cheapest insurance companies in the state.

    UPC Home Insurance

    Best Pricing Options

    Why we chose it

    Since UPC specializes in flood and hurricane zones, the insurer gives homeowners access to additional coverages such as flood insurance, home systems, and service line protections. These additions add not only value, but peace-of-mind.
    • 2.75 Reviews Score
    • A- AM Best Rate AM Best rates car insurance provider’s creditworthiness. Ratings are based on the provider’s ability to follow through with a payout when a consumer files a claim.
    • 777* J.D. Power J.D. Power scores are based on surveys for customer satisfaction and product quality.
    • A+ BBB Rating The BBB rates companies based on trustworthiness and performance. The company uses a variety of factors, including how the company handles customer complaints.

    Why we chose it

    Since UPC specializes in flood and hurricane zones, the insurer gives homeowners access to additional coverages such as flood insurance, home systems, and service line protections. These additions add not only value, but peace-of-mind.

    Pros

    • Specializes in coastal states
    • Unique endorsements

    Cons

    • Poor customer service reputation
    Read More

    Discounts available

    • 15% protective door/window discount
    • Multi-policy
    • Windstorm certification discount
    • Hip roof discount
    • Flood insurance discount
    • Full premium payment discount

    Unique features

    UPC offers additional coverages such as home systems and service line protections.

    *J.D. Power 2020 Home Insurance Customer Satisfaction Survey, based on a 1,000-point scale

    FedNat Insurance

    FedNat is a more bare-bones home insurer functioning primarily in the southern U.S. It has limited discounts and addons, but it covers higher value homes for very good rates.

    FedNat Insurance

    Best for High-Value Homes

    Why we chose it

    High-value homeowners in Louisiana will appreciate the coverage provided by FedNat as well as the rates that go along with it. The company offers little in terms of add-ons compared to other insurers, but FedNat members do have the option to get 72-hour hurricane payouts or acquire NFIP flood insurance.
    • 3.3 Reviews Score
    • A+ AM Best Rate AM Best rates car insurance provider’s creditworthiness. Ratings are based on the provider’s ability to follow through with a payout when a consumer files a claim.
    • N/A J.D. Power J.D. Power scores are based on surveys for customer satisfaction and product quality.
    • A+ BBB Rating The BBB rates companies based on trustworthiness and performance. The company uses a variety of factors, including how the company handles customer complaints.

    Why we chose it

    High-value homeowners in Louisiana will appreciate the coverage provided by FedNat as well as the rates that go along with it. The company offers little in terms of add-ons compared to other insurers, but FedNat members do have the option to get 72-hour hurricane payouts or acquire NFIP flood insurance.

    Pros

    • A+ rating from BBB
    • Competitive rates
    • High-valued homes served

    Cons

    • Old website
    • Few discounts
    Read More

    Discounts available

    • Multi-policy

    Unique features

    StormPeace 72 hour hurricane payouts, and flood insurance options.

    State Farm

    As one of the largest homeowner insurance companies in the U.S., State Farm boasts a large assortment of helpful resources, tools as well as a noteworthy customer service team.

    State Farm

    Best Online Experience

    Why we chose it

    Thanks to State Farm’s emphasis on customer service and user experience, it’s one of the easiest insurance companies to work with. Homeowners in Louisiana will also find its premiums quite competitive, even though the number of discounts available are low.
    • 3.75 Reviews Score
    • A++ AM Best Rate AM Best rates car insurance provider’s creditworthiness. Ratings are based on the provider’s ability to follow through with a payout when a consumer files a claim.
    • 829* J.D. Power J.D. Power scores are based on surveys for customer satisfaction and product quality.
    • A+ BBB Rating The BBB rates companies based on trustworthiness and performance. The company uses a variety of factors, including how the company handles customer complaints.

    Why we chose it

    Thanks to State Farm’s emphasis on customer service and user experience, it’s one of the easiest insurance companies to work with. Homeowners in Louisiana will also find its premiums quite competitive, even though the number of discounts available are low.

    Pros

    • Financially stable
    • Detailed quote tool
    • Informative website

    Cons

    • Few discounts
    • Average customer service
    Read More

    Discounts available

    • Multi-policy
    • High deductible
    • Security equipment discount (alarms & other systems)
    • Impact resistant roofing discount (not available in every state)

     

     

    Unique features

    An informative and intuitive website featuring an expansive quote tool and blog.

    *J.D. Power 2020 Home Insurance Customer Satisfaction Survey, based on a 1,000-point scale

    Further Reading on State Farm:

    Hanover Insurance Group

    The Hanover group has a three-tier package structure for its homeowner insurance policies that allows individuals to choose the best package for their needs. Furthermore, these packages can be slightly tweaked in order to offer users even more customization.

    Hanover Insurance Group

    Best Customization Options

    Why we chose it

    Hanover insurance offers customers an assortment of discounts, as well as the ability to slightly tweak their homeowners policy package giving customers a bit more policy flexibility. It doesn’t have the best customer service rating, but the company does work with independent agents and has an easy-to-use website.
    • 4.3 Reviews Score
    • A AM Best Rate AM Best rates car insurance provider’s creditworthiness. Ratings are based on the provider’s ability to follow through with a payout when a consumer files a claim.
    • N/A J.D. Power J.D. Power scores are based on surveys for customer satisfaction and product quality.
    • A+ BBB Rating The BBB rates companies based on trustworthiness and performance. The company uses a variety of factors, including how the company handles customer complaints.

    Why we chose it

    Hanover insurance offers customers an assortment of discounts, as well as the ability to slightly tweak their homeowners policy package giving customers a bit more policy flexibility. It doesn’t have the best customer service rating, but the company does work with independent agents and has an easy-to-use website.

    Pros

    • Good range of endorsements
    • Several tiers of coverage

    Cons

    • No online quote
    • Below-average customer service
    Read More

    Discounts available

    • Multi-policy
    • Security equipment discount
    • New home discount
    • Payment method discount
    • Affinity group discount

    Unique features

    A network of independent agents and an easy-to-understand three-tiered policy system.

    USAA

    Military members in Louisiana will find USAA an excellent choice for homeowners insurance. It provides members comprehensive homeowners policies for highly competitive prices, plus the ability to bundle with a slew of other insurance options. 

    USAA

    Best for Military Members

    Why we chose it

    USAA boasts high marks across the board. It has excellent customer service ratings, affordable rates, comprehensive coverage, and a ton of bundling options. It’s no wonder why USAA is one of the best insurance options around in Louisiana.
    • 4 Reviews Score
    • A++ AM Best Rate AM Best rates car insurance provider’s creditworthiness. Ratings are based on the provider’s ability to follow through with a payout when a consumer files a claim.
    • 878* J.D. Power J.D. Power scores are based on surveys for customer satisfaction and product quality.
    • A+ BBB Rating The BBB rates companies based on trustworthiness and performance. The company uses a variety of factors, including how the company handles customer complaints.

    Why we chose it

    USAA boasts high marks across the board. It has excellent customer service ratings, affordable rates, comprehensive coverage, and a ton of bundling options. It’s no wonder why USAA is one of the best insurance options around in Louisiana.

    Pros

    • Excellent customer service
    • High financial rankings
    • Coverage aimed at military members

    Cons

    • Available only to military service members
    • Few discounts
    Read More

    Discounts available

    • Multi-policy
    • Protective device discount
    • Home renovation discount

    Unique features

    Available for military service members and their families only.

    *J.D. Power 2020 Home Insurance Customer Satisfaction Survey, based on a 1,000-point scale

    Further Reading on USAA:

    Average Cost of Homeowners Insurance in Louisiana

    In Louisiana, homeowners can expect to pay an average of $1,968 for an insurance policy.

    This is well above the NAIC national average of $1,211, but not surprising considering the known risk of hurricanes and flooding. It is a bit high compared to other states in the region though. For example, Mississippi sits at $1,537 and Georgia at $1,267.

    Keep in mind, that exactly where you live has a big impact on the average rates. Plus, the best cheap homeowners insurance companies may have lower premiums from the start.

    Home insurance add-ons that will further protect you

    If you live in Louisiana, then flood insurance should be on your mind. Remember, flood insurance is always a separate policy, and never included as part of the main policy. This is good because not every area in Louisiana is prone to flooding.

    All of the insurance companies recommended here give you the option to buy it.

    Even if you aren’t in a flood danger zone, hurricanes are still a major issue, so policies that include additional water damage protection would be helpful. Many home insurance companies in Louisiana also offer service line coverage, which helps in case water, electricity, or phone lines are damaged in a storm.

    The Cheapest Homeowner Insurance Companies in Louisiana

    Largest Companies by Market Share in LouisianaAverage Annual Premium
    UPC Insurance$635
    ASI Lloyds$693
    FedNat Ins Co$920
    Maison Ins Co Voluntary$985
    State Farm$1,272
    Gulfstream Prop & Cas Ins Co$1,310
    Encompass$1,530
    The Hanover $2,122
    USAA$2,418
    Garrison Prop & Cas Ins Co$2,462
    Allstate$2,513
    Armed Forces Ins Exch$3,951
    Louisiana Farm Bureau Cas Ins Co$4,013
    Lighthouse Prop Ins Corp$4,325
    Access Home Ins Co$4,359

    Cost of Homeowners Insurance by Age of Home

    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

    Top 3 Cheapest Homeowners Insurance Companies in Louisiana

    • UPC Insurance – $635
    • ASI Lloyds – $693
    • FedNat Ins – $920

    Top 3 Most Expensive Homeowners Insurance Companies in Louisiana

    • Access Home Ins Co – $4,359
    • Lighthouse Prop Ins Corp – $4,325
    • Louisiana Farm Bureau Cas Ins Co – $4,013

     Helpful Resources for Louisiana Homeowners

    Even if you have the best home insurance in Louisiana, there are still some additional resources you can grab to help protect yourself and your assets. As a general rule, anyone in any flood-prone state (including Louisiana) should take advantage of the resources available from the National Flood Insurance Program (NFIP) offered by the federal government in case a flooding disaster strikes.

    Beyond this, the Louisiana Housing Corporation can help homeowners improve and protect their homes, while the Veterans Affairs Regional Loan Center can help military members get loans to acquire their homes or make much-needed additions or repairs.

    Homeowners Insurance FAQ

    Is homeowners insurance required in Louisiana?

    The state and local governments of Louisiana do not require homeowners insurance. However, private lenders most likely will. In simpler terms, if you have a mortgage in Louisiana, you will likely be required to have homeowners insurance.

    What is the cheapest homeowners insurance in Louisiana?

    USP currently offers the cheapest homeowners insurance policies in Louisiana with an average premium of just $635.

    Should I get flood insurance if I live in Louisiana?

    Flood insurance is very much needed for many residents in Louisiana. However, check to see if you really are in a high-risk area to ensure you’re not paying for useless coverage. If you do need it, remember that Louisiana home insurance companies don’t offer this protection on a regular policy.

    Methodology

    We evaluated the companies based on their customer rating and experience, financial stability, and coverage to determine the best providers. To compare home insurance companies across the board, we then calculated a Reviews.com score based on the following:

    • Customer Ratings — Customer ratings are an indication of satisfaction with the process of filing a claim. We measured this using J.D. Power Homeowners Satisfaction ratings.
    • Coverage — As there isn’t one company to fit everyone’s needs, we evaluated companies by the amount of coverage options and add-ons available. 
    • Confidence — It is extremely important for insurance companies to fulfill customers’ claims. Companies with sound financial strength will not have issues paying out claims, regardless of the amount. However, companies with weak financial strength might not be able to pay out claims. We measured this using AM Best’s ratings, which specializes in assessing the financial strength of insurance companies.
    • Customer Experience — The amount of complaints a company receives is an indicator of the overall customer experience as it expresses dissatisfaction. We have based this measure on the NAIC National Complaint Index.

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