Louisiana homeowners insurance is expensive due to the state’s high risk of hurricane damage. The average cost of a homeowner’s insurance policy in 2022 is $2,905, but rates will vary based on location and factors specific to your home.
Read on to learn more about the cost of home insurance in Louisiana.
- Louisiana home insurance averages $2,905 a year, but you can expect to pay more in coastal areas.
- The amount of coverage you need will affect how much you pay for your home insurance policy.
- Louisiana home insurance companies may exclude hurricane coverage unless you specifically add it to your policy and may also have a separate hurricane deductible.
- What is the average home insurance cost in Louisiana?
- Homeowners insurance in Louisiana comparison by ZIP code
- How much is homeowners insurance in Louisiana by coverage level?
- Cost of Louisiana homeowners insurance by city
- Cheap homeowners insurance in Louisiana: Rates by company
- Best home insurance companies in Louisiana
- Homeowners insurance coverage in Louisiana
- Louisiana homeowners insurance laws and FAQ
- Methodology
What is the average home insurance cost in Louisiana?
The average home insurance cost in Louisiana is $2,905. That’s $128 more than the national average of $2,777 for the coverage level of:
- $300,000 dwelling coverage
- $1,000 deductible
- $300,000 liability
However, rates may be much higher when hurricane or windstorm coverage is added to your policy. In some parts of Louisiana, this coverage is additional or has a separate deductible.
Homeowners insurance in Louisiana comparison by ZIP code
By entering your ZIP code in the search box, you’ll see the average home insurance rate for that area, as well as the highest and lowest premium fielded from major insurers in 2022. This will give you an idea of how much you can save by comparing home insurance rates.
HOME INSURANCE CALCULATOR
Average home insurance rates in CALIFORNIA
AVERAGE RATE: $797
Most & least expensive zip codes for homeowners insurance in California
Most Expensive
| Zip Code | City | Highest Rate |
|---|---|---|
| 92325 | Crestline | $1,450 |
| 92391 | Twin Peaks | $1,426 |
| 92321 | Cedar Glen | $1,425 |
| 92352 | Lake Arrowhead | $1,423 |
Least Expensive
| Zip Code | City | Lowest Rate |
|---|---|---|
| 94086 | Sunnyvale | $742 |
| 94085 | Sunnyvale | $743 |
| 94087 | Sunnyvale | $743 |
| 95051 | Santa Clara | $743 |
How much is homeowners insurance in Louisiana by coverage level?
Below you can check the average cost of Louisiana homeowners insurance for 10 coverage levels based on a 2022 rate analysis by Insurance.com.
All of the rates have a $1,000 deductible. As you can see, the difference in price between low liability limits and the recommended higher amount is negligible, less than $20.
| Coverage set | Average premium |
|---|---|
| $200,000 dwelling with $100,000 Liability | $2,300 |
| $200,000 dwelling with $300,000 Liability | $2,317 |
| $300,000 dwelling with $100,000 Liability | $2,887 |
| $300,000 dwelling with $300,000 Liability | $2,905 |
| $400,000 dwelling with $100,000 Liability | $3,475 |
| $400,000 dwelling with $300,000 Liability | $3,494 |
| $500,000 dwelling with $100,000 Liability | $3,980 |
| $500,000 dwelling with $300,000 Liability | $3,969 |
| $600,000 dwelling with $100,000 Liability | $4,275 |
| $600,000 dwelling with $300,000 Liability | $4,297 |
Cost of Louisiana homeowners insurance by city
Take a look at the average rates for Louisiana’s biggest cities. Again, bear in mind that these rates may not include hurricane coverage.
| City | Average rate | $ Difference from state average |
|---|---|---|
| Alexandria | $2,596 | $183 less |
| Baton Rouge | $2,639 | $140 less |
| Shreveport | $2,658 | $121 less |
| Bossier City | $2,695 | $84 less |
| Lafayette | $2,768 | $11 less |
| Monroe | $2,870 | $91 more |
| Lake Charles | $3,062 | $283 more |
| New Orleans | $3,593 | $814 more |
| Kenner | $3,907 | $1,128 more |
Cheap homeowners insurance in Louisiana: Rates by company
It's crucial to shop around for the best home insurance rate, because prices for the same coverage vary by hundreds of dollars.
Each carrier uses its own method for deciding what you pay, which is why prices differ so much.
Below are average home insurance rates, ranked by company for a policy with $300,000 each in dwelling and liability coverage with a $1,000 deductible.
| Company name | Average premium |
|---|---|
| United Insurance Holdings | $1,643 |
| Progressive | $1,840 |
| Allstate | $1,997 |
| Farmers Insurance | $2,502 |
| State Farm | $3,308 |
| USAA | $3,486 |
| Farm Bureau | $4,218 |
Best home insurance companies in Louisiana
Insurance.com ranked the best home insurance companies based on J.D. Power ratings, A.M Best ratings and factors like average rates and discounts to create ratings out of 5 for national companies that do business in Louisiana:
| Company name | Rating out of 5 |
|---|---|
| USAA | 4.6 |
| State Farm | 3.8 |
| Allstate | 2.7 |
| Progressive | 2.4 |
| Farmers | 2.3 |
USAA offers insurance only to military community members and their families.
Homeowners insurance coverage in Louisiana
A home insurance policy includes coverage for:
- Dwelling: This covers the actual replacement cost of your home.
- Liability: Pays out when you are responsible for injuries or property damage to someone else.
- Medical payments: Provides no-fault medical coverage for your guests.
Policies also usually have a set percentage of your dwelling coverage for:
- Other structures, 10%: This covers any structures not attached to the house.
- Personal property, 50%: This covers all of your belongings.
- Loss of use, 20%: This pays for a hotel and other expenses when your house is unlivable due to a covered claim.
It’s vital to know how your policy covers hurricanes and windstorms. These perils are not automatically included in some areas, and hurricane deductibles are also common. This deductible is usually between 1-5% of the dwelling coverage. Read the policy details and speak to an agent to be sure you are covered.
Louisiana homeowners insurance laws and FAQ
Do I need flood insurance in Louisiana?
It’s wise to buy flood insurance if you live in Louisiana, as homeowners insurance does not cover floods. Instead, you need to purchase a separate flood insurance policy.
The federal government underwrites the majority of flood insurance policies in the U.S. under the National Flood Insurance Program. However, a handful of private insurers also offer flood policies.
Do I need windstorm insurance in Louisiana?
Hurricanes are a potential threat every year in Louisiana.
Louisiana is one of 19 states (plus the District of Columbia) with what is known as a "hurricane deductible." Also called a "percentage deductible," it differs from traditional types of deductibles and is potentially much costlier for the policyholder.
If you live near the coast, your homeowners policy likely excludes damage from windstorms and hurricanes entirely. It’s highly advised that you add this coverage to your policy.
What can I do if I can't get homeowners insurance in Louisiana?
Some property owners in Louisiana might find it difficult to secure homeowners insurance coverage in the private market. The Louisiana Citizens Property Insurance Corp. is the insurer of last resort in the state, and offers policies to those who cannot get coverage elsewhere.
Where do I file a complaint against a Louisiana home insurance company?
If you have a dispute with your insurer, you can turn to the Louisiana Department of Insurance (LDI) for help. The department can investigate your complaint against an insurer, agent or adjuster.
The LDI also can help provide you with consumer information and, if necessary, enforce Louisiana insurance laws. Among other things, the department can help with questions about:
- Cancellation of a policy
- Nonrenewal of a policy
- Premiums you are being charged
- Unsatisfactory settlement of a claim
Methodology
Insurance.com commissioned rates through Quadrant Data Services in 2022 for all ZIP codes in Louisiana with various dwelling coverage levels, two levels of liability, and a $1,000 deductible. Rates provided do not include hurricane deductibles.
