- Best condo insurance companies in Louisiana
- Average condo insurance cost in Louisiana
- Condo insurance rates in Louisiana by company and coverage level
- Condo insurance rates by company in Louisiana
- Compare condo insurance rates by city in Louisiana
- Methodology
- FAQ
- Compare Louisiana condo insurance rates with other states
Best condo insurance companies in Louisiana
Based on our analysis, State Farm is the best condo insurance company in Louisiana among many options. Our insurance experts evaluated pricing and ratings from trusted sources, including the National Association of Insurance Commissioners (NAIC) and AM Best.
Here are the best condo insurance companies in Louisiana, based on our research.
| Company | Annual annual premium | AM Best | NAIC | Insurance.com rating |
|---|---|---|---|---|
| State Farm | $507 | A+ | 1.15 | |
| Farmers | $759 | A | 0.89 | |
| Allstate | $1,443 | A+ | 1.26 | |
| Louisiana Farm Bureau | $1,611 | B++ | 1.26 |
Average condo insurance cost in Louisiana
The average cost of condo insurance in Louisiana is $1,083 per year, or $90 per month. This is based on a policy with $60,000 in personal property coverage, $300,000 in liability coverage, and a $1,000 deductible. Your actual annual premium will vary depending on:
- Where you live
- Coverage limits and deductible
- Age of the building and construction materials
- Your claims history and credit score
To secure the lowest rate, compare quotes from multiple insurance providers and choose the policy that best meets your needs.
| Average annual premium | $1,083 |
| Average monthly premium | $90 |
Condo insurance rates in Louisiana by company and coverage level
State Farm provides the lowest condo insurance rates in Louisiana for policies with limits of $60,000 in personal property coverage and $300,000 in liability coverage with a $1,000 deductible.
The second most affordable option is Farmers, with an annual rate of $759. However, your rates will vary based on the coverage level you select.
The table below presents condo insurance rates from top companies at various coverage levels.
| Company | $40,000 contents/$100,000 liability | $40,000 contents/$300,000 liability | $60,000 contents/$100,000 liability | $60,000 contents/$300,000 liability | $80,000 contents/$100,000 liability | $80,000 contents/$300,000 liability | $100,000 contents/$100,000 liability | $100,000 contents/$300,000 liability |
|---|---|---|---|---|---|---|---|---|
| State Farm | $423 | $435 | $496 | $509 | $556 | $568 | $612 | $624 |
| Farmers | $662 | $683 | $737 | $759 | $817 | $839 | $896 | $918 |
| Allstate | $1,026 | $1,060 | $1,410 | $1,443 | $1,794 | $1,828 | $2,182 | $2,216 |
| Louisiana Farm Bureau | $1,451 | $1,456 | $1,615 | $1,621 | $1,784 | $1,789 | $1,953 | $1,958 |
Condo insurance rates by company in Louisiana
The cheapest option is State Farm, followed by Farmers and Allstate as the second and third most affordable choices. However, condo insurance rates in Louisiana vary by company, so it's a good idea to shop around and compare quotes.
The table below shows condo insurance rates from major companies in Louisiana.
| Company | Average annual premium | Average monthly premium |
|---|---|---|
| State Farm | $509 | $42 |
| Farmers | $759 | $63 |
| Allstate | $1,443 | $120 |
| Louisiana Farm Bureau | $1,621 | $135 |
Compare condo insurance rates by city in Louisiana
Condo insurance rates in Louisiana vary by city, with factors such as weather and crime rates influencing pricing. To find the most affordable and reliable condo insurance in your city, take these factors into account and compare quotes from multiple insurance companies.
City Annual insurance premium
Methodology
Insurance.com compared condo insurance rates provided by Quadrant Information Services across all 50 states and Washington, D.C.
Average condo insurance rates are based on:
- $60,000 in personal property coverage
- $300,000 in liability coverage
- $1,000 deductible
- Good credit
Rates were also fielded at varying personal property and liability coverage levels for comparison.
FAQ
Is condo insurance required in Louisiana?
No, condo insurance is not require by law in Louisiana, but your mortgage company will require it.
What does condo insurance typically cover in Louisiana?
Condo insurance covers your personal property, the interior of your unit, loss of use and personal liability.
How can I lower my condo insurance premium in Louisiana?
To lower your rates, shop around, ask about discounts and bundle your condo and auto insurance.
