Reviews Report
- USAA is Reviews.com’s pick for best home insurance in Louisiana, earning a 3.8 out of 5.
- The average home insurance premium in Louisiana is $1,987 per year, higher than the national average.
- UPC has the cheapest home insurance in Louisiana at $635 a year.
Louisiana homeowners face some of the most severe weather risks in the country, which is reflected in the state’s home insurance rates. The average cost of homeowners insurance in Louisiana is $1,987 per year, making it the most expensive state for home insurance.
There are dozens of home insurance companies in Louisiana, so we did some research to find the best ones. Based on our in-depth comparison, the top Louisiana home insurance providers are USAA, State Farm, UPC, and FedNat. 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 Members
- State Farm: Best Louisiana Home Insurance for Online Tools
- UPC: Cheapest Louisiana Home Insurance Company
- FedNat: Best Louisiana Home Insurance for High-Value Homes
Compare the Best Louisiana Home Insurance Companies
| Reviews.com Score Score is based on company’s customer experience, financial stability, and coverage options. | 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 | 3.8 | $2,418 | 889 | A++ | AA+ | |
| Pin State Farm | 2.8 | $1,272 | 829 | A++ | AA | |
| Pin UPC | 2.5 | $635 | 777 | A- | N/A | |
| Pin FedNat | 2 | $920 | N/A | A+ | N/A |
Information accurate as of May, 2021
*Data provided by Coverage.com
**J.D. Power’s 2020 Home Insurance Satisfaction Study. Based on a 1,000-point scale.
Best for Military Members
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
- Valuable personal property coverage
More USAA Insurance Reviews
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
- Below average claims satisfaction reviews
Available Discounts
- Multi-policy
- Home safety device
- Impact-resistant roof
Additional Coverage
- Replacement cost coverage
- Identity restoration coverage
- Flood insurance
- Water back up coverage
- Earthquake insurance
- Ordinance/law coverage
- Inflation coverage
- Personal articles coverage
More State Farm Insurance Reviews
Cheapest Home Insurance in Louisiana
Why we chose it
Why we chose it
Pros
- Cheaper premiums than competitors
- Specialty theft coverage
- Discounts for flood insurance
Cons
- Below average customer satisfaction ratings
- Lower financial strength than competitors
- Some basic add-on coverage not available
Available Discounts
- 15% protective door/window discount
- Multi-policy
- Windstorm certification discount
- Hip roof discount
- Flood insurance discount
- Full premium payment discount
Additional Coverage
- Valuables
- Service line coverage
- Lock replacement
- Reward for theft conviction
- Home systems and appliances
- Business property
Best for High-Value Homes
Why we chose it
Why we chose it
Pros
- Lower than average premiums
- Insurance for high-value homes
Cons
- Not rated by J.D. Power
- Website has little information
Available Discounts
- Multi-policy
Additional Coverage
- Customers must reach out to a FedNat representative to learn more about available coverage.
Average Cost of Home Insurance in Louisiana
Homeowners insurance quotes in Louisiana are the most expensive in the country. According to the Insurance Information Institute (III), the average cost of home insurance in Louisiana is $1,987 per year. For comparison, the average American pays $1,249 per year for homeowners insurance.
Home insurance rates in Louisiana’s neighboring states are also high, but not quite as expensive as Louisiana. For example, the average annual premium in Missouri is $1,383, and in Alabama, the average annual premium is $1,409.
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.
The Cheapest Homeowner Insurance Companies in Louisiana
| Largest Companies by Market Share in Louisiana | Average 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 |
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 |
Top 3 Cheapest Homeowner Insurance Companies in Louisiana
- UPC Insurance: $635
- ASI Lloyds: $693
- FedNat Ins: $920
Top 3 Most Expensive Homeowner Insurance Companies in Louisiana
- Access Home Ins Co: $4,359
- Lighthouse Prop Ins Corp: $4,325
- Louisiana Farm Bureau Cas Ins Co: $4,013
Common Home Insurance Perils in Louisiana
The main reason why home insurance in Louisiana is so expensive is that the state has a very high risk of severe weather. Hurricanes, storm surges, and flooding are common in Louisiana, and many homes in the state are at-risk of extensive damage from natural disasters.
According to the III, there are 843,349 homes in Louisiana that could get damaged by a category five storm. After hurricanes Laura, Delta, and Zeta in 2020, insurance companies are expected to pay $9.6 billion in claims to homeowners across the state.
Louisiana also occasionally faces tornadoes. In May 2021, a tornado touched down in the New Orleans area, with wind speeds of up to 85 MPH. Between 2000 and 2021, there have been 10 tornadoes in New Orleans alone. It’s important to have enough home insurance coverage to protect your property in the event of a major windstorm or tornado.
Add-on home insurance coverage in Louisiana
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 policies.
Flood insurance is arguably the most important endorsement for Louisiana homeowners. All of the providers on our list sell flood insurance through the National Flood Insurance Program (NFIP), but our top recommendation is USAA.
We also recommend getting water backup coverage, which most insurance providers sell. It pays to repair broken pipes or clogged sump pumps that can cause water to back up into your home and cause water damage, which is more common during major storms.
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 Louisiana home insurance companies based on availability, customer satisfaction, financial stability, and coverage to determine Reviews.com score and create our best home insurance reviews. To compare home insurance companies with other providers across the board, we calculate each Reviews.com score based on the following:
- 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.
About the Authors
Elizabeth Rivelli is an insurance writer for Reviews.com. Over the last year, she has covered insurance providers, best policies, industry trends and more. Elizabeth has been featured in The Simple Dollar, Bankrate and Coverage.com, among others. She holds a bachelor's degree in Communication Studies from Northeastern University in Boston, MA. The Best Term Life Insurance Companies is Elizabeth’s favorite review on Reviews.com.
