Best Homeowners Insurance in Louisiana 2021

Last modified: December 11, 2020

Homeowners insurance, also known as home insurance in the US, is property insurance that offers private residence coverage. Homeowners insurance protects against theft and some natural disasters, and other damages that occur on a property.

You will find plenty of Louisiana homeowners insurance companies offering their outstanding services. While this is great news for people looking for homeowners insurance, so many choices can make it harder for some to find the right homeowners insurance in Louisiana for their specific needs.

Is Homeowners Insurance Required in Louisiana?

While homeowners insurance is not required on state or local levels, it might still be required by a lender in Louisiana. If you are a resident of Louisiana, you can easily find a homeowners insurance provider that suits your needs. It is best to shop around before making your final decision as the requirements and coverage options vary depending on the provider. You must understand the importance of getting homeowners insurance to keep your property safe from risks such as coverage for damages due to theft, accidents, and natural disasters such as wind and hail. You can also take advantage of the Louisiana citizen’s coastal plan and get additional coverage for your property.

Common Causes of Home Insurance Losses in Louisiana

Homeowners insurance is integral in Louisiana as this state has an increased risk of hurricanes, roof damage due to hail, sinkholes, tornadoes, water backup, land movement, and floods. This puts homeowners at risk of paying for the expenses of property damage out of pocket, making homeowners insurance a top priority in Louisiana.

How Much is Homeowners insurance in Louisiana?

The big question is, how much will homeowners insurance cost in Louisiana? While the average cost of homeowners insurance in Louisiana is around $1,900, the price you pay might vary depending on several factors. Home insurance policies also come with a deductible varying from $500 to $2,000, depending on various factors. The good news is that residents can benefit from bundle discounts offered by many providers. Residents can also take advantage of the homeowners insurance calculator offered by providers and third-parties to get a good idea of the expected cost for the home insurance policy.

Cheapest Homeowners Insurance in Louisiana

Contrary to popular belief, it is possible to find cheap homeowners insurance in Louisiana, even though the rates depend on the city and location where the residential property is located. The cost of home insurance varies in Louisiana. For instance, the most expensive real estate in New Orleans is around  $9.2 million, which would have a hefty home insurance premium compared to getting home insurance for residential properties in Bossier City.

City Cheapest Rate
New Orleans   $3,400
Baton Rouge $3,500
Lafayette $3,400
Shreveport $2,900

Best Homeowners Insurance Companies in Louisiana

Company Best For Coverage Discounts Pricing
ASI Lloyds Homeowners insurance  
  • Property
  • Possessions
  • Liability
  • Additional living expenses  
  • Additional coverage
Yes $1,500
Louisiana Farm Bureau Homeowners insurance
  • Property
  • Possessions
  • Liability
  • Additional living expenses 
  • Additional coverage
Yes $3,200
Centauri Specialty Insurance   Homeowners insurance
  • Property
  • Possessions
  • Liability
  • Additional living expenses 
  • Additional coverage
Yes $1,200
Garrison Homeowners insurance
  • Property
  • Possessions
  • Liability
  • Additional living expenses 
  • Additional coverage
Yes $,3,300
Allstate Homeowners insurance
  • Property
  • Possessions
  • Liability
  • Additional living expenses 
  • Additional coverage
Yes $4,400
USAA Homeowners insurance
  • Property
  • Possessions
  • Liability
  • Additional living expenses 
  • Additional coverage
Yes $3,000
State Farm Homeowners insurance
  • Property
  • Possessions
  • Liability
  • Additional living expenses 
  • Additional coverage
Yes $3,800

 

Detailed Reviews

The following is a detailed review of some of the top homeowners insurance providers in Louisiana.

ASI Lloyds Home Insurance

American Strategic Insurance (ASI) offers homeowners insurance policies for residents of Louisiana. The provider offers moderate to high-priced insurance policies, excellent customer service, and fast processing times. ASI homeowners insurance is a great option for those looking for a policy backed by Progressive Insurance or those looking for bundled offers.

Louisiana Farm Bureau

The Louisiana Farm Bureau offers one of the best options in homeowners insurance policies in Louisiana. This provider comes highly rated and offers plenty of options for residents looking for homeowners insurance policies.

Centauri Specialty Insurance

Centauri Specialty Insurance offers homeowners insurance policies that are ideal for those looking for excellent coverage, including hurricane insurance. The coverage also covers flood and wind damage.

Garrison

Garrison is one of the top providers of homeowners insurance in Louisiana. The company is known for delivering on its promise of affordable policies, excellent customer service, and fast claim processing. Those looking for home insurance in Louisiana can also get free quotes.

Allstate Home Insurance

Allstate is one of the best choices for insurance coverage. The provider enjoys a high satisfaction rate when it comes to pricing and coverage options. Customers also take advantage of the company’s fast claim processing and access to bundled options.

USAA Home Insurance

USAA is another great option for those searching for affordable home insurance in Louisiana. The insurance provider offers plenty of insurance options and bundle coverage so that residents can get the best insurance coverage possible.

State Farm Home Insurance

While State Farm offers good homeowners insurance options in Louisiana, the rates might seem high for some. However, they do offer the best coverage options in the state. The insurance provider also enjoys higher than average ratings that testify to the quality they offer with their homeowners insurance policies and customer service.

Pros & Cons

The Pros

The Cons

Final Verdict

FAQs

Does homeowners insurance cover flooding in Louisiana?

Louisiana homeowners insurance does not cover damages caused by floods.

Does homeowners insurance cover lightning in Louisiana?

Normally, homeowners insurance policies in Louisiana do cover lightning damage.

Does homeowners insurance cover snow damage?

Homeowners insurance covers damages caused by ice and snow.

What if I can't get homeowners insurance?

Residents can contact the department of insurance if they are having issues obtaining homeowners insurance.

Is wind damage from tornadoes covered by home insurance?

Yes, most standard homeowners insurance policies cover damages caused by tornadoes.