Progressive is the best homeowners insurance company in Louisiana, based on a 2023 analysis by Insurance.com, with an overall rating of 4.6. Allstate is the second-best home insurance company in Louisiana, with an overall rating of 4.5.
Allstate offers the most affordable home insurance in Louisiana for all coverage levels.
With so many options out there, it is not easy to choose a homeowners insurance company in Louisiana. You need a reliable company that will provide you with quality service at an affordable price. If this is what you're looking for, then keep on reading this guide.
- The average cost of homeowners insurance in Louisiana is $3,481 a year or $290 a month.
- The cheapest homeowners insurance company in Louisiana is United Insurance Holdings with an average home insurance rate of $1,347 a year.
- Progressive ranks as the best homeowners insurance in Louisiana for 2023.
Average home insurance cost in Louisiana
The average cost of homeowners insurance in Louisiana is $3,481 a year or $290 a month. This is based on coverage of:
- $300,000 dwelling
- $300,000 liability
- $1,000 deductible.
- 2% Hurricane deductible
However, the average annual premium varies by the insurance company, your ZIP code, coverage type, and your home's age, among other factors. It’s a good idea to compare price quotes from different Louisiana homeowners insurance companies to get the best deal.
Best home insurance companies in Louisiana
The best home insurance company in Louisiana for 2023 is Progressive, followed by Allstate and State Farm
Below is a full list of the top Louisiana insurance companies based on price, NAIC complaints, and AM Best financial ratings. The total Insurance.com score is calculated out of five using these factors.
| Insurance company | AM Best | Average annual rate | NAIC Complaint ratio | Insurance.com score |
|---|---|---|---|---|
| Progressive | A+ | $1,497 | 1.38 | 4.6 |
| Allstate | A+ | $1,480 | 2.04 | 4.5 |
| State Farm | A++ | $2,495 | 1.07 | 4.48 |
| USAA | A++ | $3,217 | 0.41 | 4.36 |
| Farmers | A | $3,044 | 0.33 | 4.13 |
| LA Farm Bureau | A- | $4,218 | 0.13 | 3.63 |
| United Insurance Holdings | A- | $1,347 | 6.68 | 3.5 |
| FedNat Holdings | A | $5,738 | 5.02 | 2.52 |
Cheapest home insurance companies in Louisiana
Below are Louisiana home insurance rates by company for six different levels of dwelling coverage, each with $300,000 in liability and a $1,000 deductible. Based on our rate analysis, you’ll see United Insurance Holdings has the most affordable rates in most categories.
| Company | $200,000 | $300,000 | $400,000 | $500,000 | $600,000 |
|---|---|---|---|---|---|
| United Insurance Holdings | $957 | $1,347 | $1,803 | $2,161 | $2,519 |
| Allstate | $1,326 | $1,480 | $1,787 | $2,140 | $2,481 |
| Progressive | $1,083 | $1,497 | $1,987 | $2,372 | $2,758 |
| State Farm | $1,933 | $2,495 | $3,044 | $3,684 | $4,244 |
| Farmers | $2,155 | $3,044 | $3,343 | $2,867 | $3,580 |
| USAA | $2,404 | $3,217 | $3,613 | $4,242 | $4,851 |
| LA Farm Bureau | $3,062 | $4,218 | $5,833 | $6,597 | $7,629 |
| FedNat Holding | $5,034 | $5,738 | $6,622 | $5,953 | $6,711 |
Louisiana home insurance rates by ZIP code
Home insurance rates can vary widely depending on where the home is located. We compared home insurance rates by ZIP code in Louisiana to see which areas are the most and least expensive.
The most expensive ZIP codes in Louisiana for home insurance
Louisiana homeowners insurance rates are the most expensive for ZIP code 70128 with an average annual cost of $5,163.
The most expensive ZIP codes in Louisiana are:
| ZIP code | Average annual rates |
|---|---|
| 70128 | $5,163 |
| 70127 | $5,160 |
| 70129 | $5,158 |
| 70377 | $5,153 |
| 70124 | $5,150 |
| 70344 | $5,148 |
The least expensive ZIP codes in Louisiana for home insurance
The cheapest ZIP codes for home insurance in Louisiana are:
| ZIP code | Average annual rates |
|---|---|
| 71301 | $2,083 |
| 71303 | $2,085 |
| 71325 | $2,103 |
| 71302 | $2,118 |
| 71466 | $2,137 |
| 71346 | $2,138 |
Frequently asked questions about Louisiana home insurance
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
