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Condo insurance isn’t required by law in Louisiana, but your mortgage company likely requires it. Condo insurance is a home insurance policy that covers everything inside your condo, while the homeowners association’s insurance covers the outside of your building and common areas.

Depending on your HOA’s rules, your condo insurance may cover not only personal property, but also provides dwelling coverage known as building property coverage, for the interior of the structure. Make sure you know how much condo insurance you need before you buy condo insurance.

To find the best condo insurance in Louisiana, we’ve gathered data on the top companies. Below you’ll find a list of the best condo insurance companies in Louisiana with average annual rates.

Key takeaways

  • The residents of Louisiana pay an average of $1,040 per year for condo insurance for a coverage level of $60,000 for personal property, $300,000 for liability protection with a $1,000 deductible.
  • Based on the analysis by Insurance.com, USAA is the top pick for the best condo insurance company in Louisiana.
  • United Insurance Holdings offers the cheapest condo insurance in Louisiana at an average of $640 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 ratings of major insurers in Louisiana. Below are the best condo insurance companies in Louisiana based on Insurance.com’s analysis.

CompanyJ.D. Power ScoreAM Best RatingAverage rating (out of 5)
USAA884A++
4.8
State Farm829A++
4.2
Allstate815A+
3.6
Farmers792A
3.1

Average cost of condo insurance in Louisiana

The average cost of condo insurance in Louisiana is $1,040 a year or $87 a month with $1,000 as deductible, $60,000 in personal property coverage, and liability coverage of $300,000. Your average annual premium will vary depending on your location, the coverage limits you select, and the deductible amount among other factors.

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
$1,040$87

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: $1,370

HIGHEST RATE: $2,609 LOWEST RATE: $474

Most & least expensive zip codes for condo insurance in Louisiana

Most Expensive

Zip CodeCityHighest Rate
70357Golden Meadow$1,874
70645Hackberry$1,824
70632Creole$1,821
70036Barataria$1,796

Least Expensive

Zip CodeCityLowest Rate
71112Bossier City$741
71115Shreveport$743
71105Shreveport$746
71104Shreveport$748

Condo insurance rates by company in Louisiana

Rates for condo insurance by company in Louisiana vary. It’s important to shop around and compare quotes to find the best price. 

In the table given below, you’ll see condo insurance rates for major companies in Louisiana. The cheapest company for condo insurance in Louisiana is United Insurance Holdings. State Farm, and Farmers, are the second and third cheapest options.

CompanyAverage Annual Rate
United Insurance Holdings$640
State Farm$679
Farmers$762
Allstate$996
USAA$1,017
La Farm Bureau Mutual$1,048
FedNat Holding$2,669

Insurance.com compared condo insurance rates provided by Quadrant Data Solutions in 2022 for $60,000 of personal property coverage with a $1,000 deductible and $300,000 of liability coverage for all available ZIP codes and with a good credit score. The content was updated in 2023.

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