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The Best Homeowners Insurance in Louisiana of 2022

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    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$1,820889A++AA
    Pin State Farm$1,596829A++AA
    Pin The Hanover$1,634N/AAA
    Pin Allstate$2,117829A+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

    USAA

    Best for Military-Focused Coverage

    Why we chose it

    USAA is one of the highest rated home insurance companies in Louisiana, with excellent customer service, a variety of coverage options, and affordable rates for military members.
    • $1,820* Average Premium Pricing data comes from our partners at Bankrate.com.
    • 889** J.D. Power J.D. Power scores are based on surveys for customer satisfaction and product quality.
    • A++ AM Best Rate 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.

    Why we chose it

    USAA is one of the highest rated home insurance companies in Louisiana, with excellent customer service, a variety of coverage options, and affordable rates for military members.

    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
    Read More

    Available Discounts

    Additional Coverage

    • Home sharing insurance
    • Identity theft coverage
    • Earthquake insurance
    • Flood insurance
    • Military uniform coverage

    More USAA Insurance Reviews

    State Farm

    State Farm

    Best for Online Tools

    Why we chose it

    State Farm has some of the best online tools, resources, and calculators to help Louisiana homeowners choose the right type of coverage and amount of coverage to protect their home and belongings.
    • $1,596* Average Premium Pricing data comes from our partners at Bankrate.com.
    • 829** J.D. Power J.D. Power scores are based on surveys for customer satisfaction and product quality.
    • A++ AM Best Rate 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.

    Why we chose it

    State Farm has some of the best online tools, resources, and calculators to help Louisiana homeowners choose the right type of coverage and amount of coverage to protect their home and belongings.

    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)
    Read More

    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

    Hanover Insurance Group

    Best for High-Value Homes

    Why we chose it

    The Hanover may not be the most recognizable name on our list, but it could be a great choice for Louisiana homeowners with high-value homes. The company offers a Prestige program that allows you to tailor your coverage to your lifestyle.
    • $1,634* Average Premium Pricing data comes from our partners at Bankrate.com.
    • N/A** J.D. Power J.D. Power scores are based on surveys for customer satisfaction and product quality.
    • A AM Best Rate 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.

    Why we chose it

    The Hanover may not be the most recognizable name on our list, but it could be a great choice for Louisiana homeowners with high-value homes. The company offers a Prestige program that allows you to tailor your coverage to your lifestyle.

    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
    Read More

    Available Discounts

    • Bundling
    • Home safety features

    Additional Coverage

    • Guaranteed replacement cost
    • Water backup
    • Service line
    • Loss mitigation expense
    • Deductible waiver for large loss

    Allstate

    Allstate

    Best for Optional Coverage

    Why we chose it

    Allstate offers plenty of optional coverage choices to help you get the coverage you need. The company also offers helpful online resources and local agents, if you prefer doing business in person.
    • $2,117* Average Premium Pricing data comes from our partners at Bankrate.com.
    • 829** J.D. Power J.D. Power scores are based on surveys for customer satisfaction and product quality.
    • A- AM Best Rate 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.

    Why we chose it

    Allstate offers plenty of optional coverage choices to help you get the coverage you need. The company also offers helpful online resources and local agents, if you prefer doing business in person.

    Pros

    • Numerous optional coverage choices
    • Local agents
    • Several discounts

    Cons

    Read More

    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 CompanyAverage 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 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).

    About the Authors

    Cate Deventer

    Cate Deventer Insurance Editor

    Cate Deventer is a writer and licensed insurance agent. She has a Bachelor’s degree in theatre and is currently pursuing a degree in English with a concentration in professional and technical writing from Indiana University East. Her work has been featured on Reviews.com and Bankrate.com, and she’s passionate about helping people take charge of their finances. In her free time, she likes to read thrillers and sci-fi novels, garden, and toss tennis balls for her dog.

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