Call our licensed agents toll free 844.855.0163
Go To Top

If you live in a condo, then it is important for you to purchase condo insurance to protect your investment. Some homeowners associations offer insurance, but it is not always the best option. It's better to have your own policy and make sure you are fully protected in case anything happens.

Homeowners association's insurance covers the outside of your building and common areas. But HOA's policy doesn't cover what's inside your condo- like furniture or other personal belongings.

If you are looking for the best condo insurance in Louisiana, then this guide is for you. You'll find the list of best condo insurance companies for Louisiana condo owners and their average annual rates. You can use this guide to make informed insurance decisions.

KEY TAKEAWAYS
  • Condo owners in Louisiana pay an average of $775 per year or $65 per month in condo(HO6) insurance.
  • Safeco is the cheapest condo insurance company in Louisiana at only $379 per year.

Best condo insurance companies in Louisiana

In Louisiana, you have a lot of options when it comes to finding the best condo insurance company. To make your task easier, our insurance experts have analyzed premiums, coverage offerings, J.D Power score and customer satisfaction rating of all the major insurers across Louisiana. Below are the best condo insurance companies in Louisiana based on Insurance.com's analysis.

  • USAA
  • State Farm
  • Allstate
  • Farmers
  • Safeco

Compare best condo insurance companies in Louisiana

We have compared the insurance providers based on their J.D. Power score and ratings from AM Best to help you find affordable home insurance in Louisiana. Based on the analysis by Insurance.com, USAA tops the list of best condo insurance companies in Louisiana. It has earned 882 scores out of 1000 from J.D. Power and an A++ rating from AM Best, which is the highest ratings they offer. Although, USAA offers condo insurance only for members of the military and their families.

State Farm is another option after USAA for condo insurance, it received 835 scores from J.D. Power and an A++ rating from AM Best. Here is a comparison of some of the best condo insurance companies in Louisiana:

CompanyJ.D. Power scoreAM Best rating
USAA882A++
State Farm835A++
Allstate829A+
Farmers813A
Safeco810A
Liberty Mutual806A

Average cost of condo insurance in Louisiana

The average cost of condo homeowners insurance in Louisiana is $775 a year or $65 a month with $1,000 as deductible, $40,000 as personal property coverage, and liability coverage of $100,000. Your average annual premium will vary depending on your location, the coverage limits you select, and deductible amount among other factors.

Condo insurance covers the interior of the unit, it provides protection against the damage caused by fire, theft, vandalism, natural disasters, and frozen pipes.

To find the most affordable policy for your situation, compare quotes from multiple providers based on the coverage you need.

Average annual premiumAverage monthly premium
$775$65

CONDO INSURANCE CALCULATOR

Average condo insurance rates in LOUISIANA

$60,000
$1,000
$100,000
70117 - New Orleans
Personal Property Coverage $60,000, Deductible $1,000 and Liability $100,000.

AVERAGE RATE: $1,150

HIGHEST RATE: $2,917 LOWEST RATE: $275

Most & least expensive zip codes for condo insurance in Louisiana

Most Expensive

Zip CodeCityHighest Rate
70632Creole$1,667
70645Hackberry$1,627
70358Grand Isle$1,616
70357Golden Meadow$1,603

Least Expensive

Zip CodeCityLowest Rate
71222Bernice$676
71112Bossier City$678
71280Sterlington$678
71110Barksdale AFB$678

Condo insurance rates by companies in Louisiana

The rates for condo insurance by companies in Louisiana vary greatly. It is important to shop around and compare quotes to find affordable premium. To find the best insurance company in Louisiana, you should consider price, coverage options, financial stability, and customer satisfaction.

In the table given below, you'll see that major companies in Louisiana have different insurance rates for condo insurance, and Safeco, Farmers and Allstate are the cheapest condo insurance companies for Louisiana residents.

CompanyAverage annual premium
Safeco$379
Farmers$607
Allstate$630
Farm Bureau$674
State Farm$712
USAA$824
United$845
Garrison$885
Liberty Mutual$1,193

You may also like to explore