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 $472 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."

Average annual premium	$472
Average monthly premium	$39

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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 $246.

Allstate and Farmers 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.

Company	Average annual premium	AM Best	NAIC	Insurance.com rating
State Farm	$246	A++	0.95	5
Allstate	$514	A+	0.9	4.93
Farmers	$425	A	0.54	4.54
Progressive	$272	A+	8.45	3.72
LA Farm bureau	$854	A	0.28	3.7

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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 $246.

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.

Company name	Average annual premium
State Farm	$246
Progressive	$272
Farmers	$425
Allstate	$514
LA Farm bureau	$854
USAA	$474

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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 70358, where the average annual premium is $1,254. This is $782 more than higher than the average rate.

In contrast, the least expensive ZIP code for renters insurance is 71329, offering coverage at $287 a year.

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

Best home insurance companies in Texas

Most expensive ZIP code
Least expensive ZIP code

ZIP code	Average annual rate
70358	$1,254
70091	$1,238
70083	$1,159
70041	$1,140
70357	$1,132
70082	$1,120
70631	$1,111
70632	$1,108
70643	$1,106
70354	$1,106

ZIP code	Average annual rate
71329	$287
71301	$290
71323	$293
71407	$296
71365	$299
71238	$301
71339	$302
71418	$303
71441	$304
71226	$307

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.

City	Annual insurance premium
Alexandria	$361
Baton Rouge	$401
Bossier City	$271
Houma	$981
Kenner	$864
Lafayette	$497
Lake Charles	$519
Monroe	$270
New Orleans	$1,036
Shreveport	$277

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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.

Methodology

Insurance.com compared renters insurance rates provided by Quadrant Information Services for $40,000 personal property coverage with a $1,000 deductible and $100,000 liability coverage for all available ZIP codes based on a renter with good credit. To rank the best insurance companies, we gathered AM Best financial stability ratings, where an A++ is the best possible score, and National Association of Insurance Commissioners (NAIC) complaint ratios, which compare the number of complaints a company receives to the anticipated complaint volume based on market share. These factors were used along with rates to find the best companies overall.

FAQ: Louisiana renters insurance

Do I need renters insurance in Louisiana?

Renters insurance isn't required by law, but your landlord may require you to purchase a policy as part of your lease agreement.

How much renters insurance do I need in Louisiana?

You should make sure your personal property coverage is sufficient to replace all of your belongings at replacement cost; there is no minimum requirement.