Renters insurance in Louisiana: Cost, best companies and how to save

What is the average cost of renters insurance in Louisiana?

The average renters insurance cost in Louisiana is $558 per year. Rates vary based on factors such as location, coverage amount, deductible, and claims history.

"The number one thing that's most important is to get good liability. A renter's policy will default to $100,000 liability," Josiah Hatch, an insurance pro with Bender Hatch Insurance in Boston, said. "It costs next to nothing to go from $100,000 to $500,000. I want to say it's probably 10 bucks a year. It's really cheap to get a lot of extra coverage. I always recommend getting the most liability you can because that's, at its core, what insurance is all about: the worst-case scenario."

Best renters insurance company in Louisiana: State Farm

Among the carriers surveyed, State Farm is the best renters insurance company in Louisiana, with a top score and an average renters insurance rate of $256.

Farmers and Allstate are the other best insurance companies for renters insurance in Louisiana.

Renters insurance rates vary significantly among providers, so you should compare options before choosing. You should also select a company with a good reputation to ensure it will be there if you have a claim.

To help you find the best renters insurance in Louisiana, we evaluated average rates, NAIC complaints ratio, and AM Best financial ratings. We calculated the total Insurance.com score out of five using these factors.

Here are the best renters insurance companies in Louisiana.

Cheapest renters insurance in Louisiana

Our analysis shows that State Farm is the cheapest renters insurance company in Louisiana, with an average annual premium of $256.

Renters insurance rates can differ greatly between providers, so it's best to compare quotes to find affordable coverage that meets your needs.

Here is the list of the cheapest renters insurance companies in Louisiana along with their average annual premiums.

Louisiana renters insurance: The least and most expensive ZIP codes

Where you live in Louisiana directly affects the cost of your renters insurance. The most expensive ZIP code in Louisiana is 70091, where the average annual premium is $1,324. This is $766 more than higher than the average rate.

In contrast, the least expensive ZIP code for renters insurance is 71329, offering coverage at $362 a year.

The table below shows the most and least expensive ZIP codes in Louisiana for renters insurance.

Renters insurance cost in Louisiana by city

Renters insurance rates vary widely across cities in Louisiana, driven by factors such as weather risks, crime rates, and other factors. To find the best deal in your city, you should consider these factors and compare quotes from multiple insurers before choosing a policy.

How to save on renters insurance in Louisiana

There are several easy ways to lower the cost of renters insurance in Louisiana without losing necessary coverage:

• Bundle your policies. Many insurance companies offer a discount if you buy renters and auto insurance together.
• Increase your deductible. Choosing a higher deductible will lower your monthly or yearly premium; just ensure you can afford it.
• Ask about discounts. Most providers offer savings for things like smoke alarms, security systems, or being claims-free.
• Compare quotes. Prices can vary widely between companies, so getting quotes from multiple insurers can help you find the best deal.
• Pay annually. Some insurers offer a small discount if you pay once a year instead of monthly.