Skip to Main Content
Powered by Coverage.com (NPN: 19966249)

Coverage.com, LLC is a licensed insurance producer (NPN: 19966249). Coverage.com services are only available in states where it is licensed. Coverage.com may not offer insurance coverage in all states or scenarios. All insurance products are governed by the terms in the applicable insurance policy, and all related decisions (such as approval for coverage, premiums, commissions and fees) and policy obligations are the sole responsibility of the underwriting insurer. The information on this site does not modify any insurance policy terms in any way.

Best homeowners insurance in Louisiana for 2023

Updated Mar 10, 2023
Bankrate logo

The Bankrate promise

At Bankrate, we strive to help you make smarter financial decisions. To help readers understand how insurance affects their finances, we have licensed insurance professionals on staff who have spent a combined 47 years in the auto, home and life insurance industries. While we adhere to strict , this post may contain references to products from our partners. Here's an explanation of . Our content is backed by Coverage.com, LLC, a licensed entity (NPN: 19966249). For more information, please see our .

Advertising Disclosure
This advertisement is powered by Coverage.com, LLC, a licensed insurance producer (NPN: 19966249) and a corporate affiliate of Bankrate. The offers and links that appear on this advertisement are from companies that compensate Coverage.com in different ways. The compensation received and other factors, such as your location, may impact what offers and links appear, and how, where and in what order they appear. While we seek to provide a wide range of offers, we do not include every product or service that may be available. Our goal is to keep information accurate and timely, but some information may not be current. Your actual offer from an advertiser may be different from the offer on this advertisement. All offers are subject to additional terms and conditions.
Mortgage

Compare home insurance rates

Answer a few questions to see personalized rates from top carriers.
Location-Icon
Your information is kept secure
Caret DownCaret Up
Caret DownCaret Up
Field is required
Powered by Coverage.com (NPN: 19966249)
Insurance Disclosure

Coverage.com, LLC is a licensed insurance producer (NPN: 19966249). Coverage.com services are only available in states where it is licensed. Coverage.com may not offer insurance coverage in all states or scenarios. All insurance products are governed by the terms in the applicable insurance policy, and all related decisions (such as approval for coverage, premiums, commissions and fees) and policy obligations are the sole responsibility of the underwriting insurer. The information on this site does not modify any insurance policy terms in any way.

Quick Facts
Moneybag
$382/year
average savings through Bankrate
Two Thirds
2 out of 3 homes
are underinsured
Insurance Home
1 out of every 20
insured homes makes a claim each year
Circle Check
100% of homes
need insurance before getting a mortgage
See more providers in
Choose from insurers in
Mortgage

Leaving so soon? Your custom quotes are just minutes away.

Savings

Compare rates and save on home insurance today!

ZIP code
Close X

How Bankrate chose the best home insurance companies in Louisiana

To find the best homeowners insurance in Louisiana, we first obtained current premium information from Quadrant Information Services. After analyzing the data, we also took each company’s coverage offerings, discounts and average cost into consideration, as well as how companies were ranked by third-party agencies like J.D. Power and AM Best. A company’s performance in each of these categories determined its Bankrate Score. The better it scored in each category, the higher its overall Bankrate Score, for a maximum score of 5.0 out of 5.0.

Best home insurance companies in Louisiana

Based on our analysis, USAA, Allstate and State Farm are the top Louisiana homeowners insurance companies, followed by The Hanover and Progressive. These carriers offer a mix of competitive rates, robust coverage, unique discounts, high financial strength ratings and good customer satisfaction scores from the 2022 J.D. Power U.S. Home Insurance Study. If you are in the market for the best Louisiana homeowners insurance, these companies might be a good place to start gathering quotes.

USAA
Rating: 3.7 stars out of 5
3.7
Bankrate Score
Info
J.D. Power
884
/1,000
AM Best
A++
Average monthly premium
$149
Average annual premium
$1,789
Get a quote
Allstate
Rating: 3.5 stars out of 5
3.5
Bankrate Score
Info
J.D. Power
815
/1,000
AM Best
A+
Average monthly premium
$219
Average annual premium
$2,626
Get a quote
State Farm
Rating: 3.2 stars out of 5
3.2
Bankrate Score
Info
J.D. Power
829
/1,000
AM Best
A++
Average monthly premium
$107
Average annual premium
$1,288
Read review
The Hanover
Rating: 3.1 stars out of 5
3.1
Bankrate Score
Info
J.D. Power
Not rated
AM Best
A
Average monthly premium
$147
Average annual premium
$1,764
Get a quote
ASI Progressive
Rating: 2.8 stars out of 5
2.8
Bankrate Score
Info
J.D. Power
801
/1,000
AM Best
A+
Average monthly premium
$87
Average annual premium
$1,041
Get a quote
Powered by Coverage.com (NPN: 19966249)
Advertising Disclosure
This advertisement is powered by Coverage.com, LLC, a licensed insurance producer (NPN: 19966249) and a corporate affiliate of Bankrate. The offers and links that appear on this advertisement are from companies that compensate Coverage.com in different ways. The compensation received and other factors, such as your location, may impact what offers and links appear, and how, where and in what order they appear. While we seek to provide a wide range of offers, we do not include every product or service that may be available. Our goal is to keep information accurate and timely, but some information may not be current. Your actual offer from an advertiser may be different from the offer on this advertisement. All offers are subject to additional terms and conditions.

Coverage.com, LLC is a licensed insurance producer (NPN: 19966249). Coverage.com services are only available in states where it is licensed. Coverage.com may not offer insurance coverage in all states or scenarios. All insurance products are governed by the terms in the applicable insurance policy, and all related decisions (such as approval for coverage, premiums, commissions and fees) and policy obligations are the sole responsibility of the underwriting insurer. The information on this site does not modify any insurance policy terms in any way.

*Premiums are for $250K in dwelling coverage

**Not officially ranked by J.D. Power due to eligibility restrictions

Best for military-focused coverage

Rating: 3.7 stars out of 5
3.7 Bankrate Score
JD Power: 884 AM Best: A++

Average annual premium

$ 1,789 for $250k dwelling
USAA Review

Explore Bankrate's review

USAA does not qualify for an official J.D. Power ranking because it sells its insurance exclusively to active-duty military members, veterans and their qualified immediate family members. However, USAA consistently receives high customer satisfaction scores. If you qualify for coverage, the company’s home insurance features military-focused coverage, like uniform coverage, plus discounts for bundling and having a monitored alarm system. USAA is rated A++ (Superior) by AM Best, the highest financial strength rating possible.

Best for robust coverage

Rating: 3.5 stars out of 5
3.5 Bankrate Score
JD Power: 815 AM Best: A+

Average annual premium

$ 2,626 for $250k dwelling
Allstate Review

Explore Bankrate's review

Although Allstate’s premium is higher than Louisiana’s average, it may be appealing based on the optional coverage types offered. You could personalize your policy by adding electronic data recovery, yard and garden coverage, water backup or musical instrument coverage. Allstate also offers a Claim Rateguard feature, which may prevent your cost of homeowners insurance from increasing after a claim. The company is rated A+ (Superior) by AM Best for its financial strength.

Best for local agencies

Rating: 3.2 stars out of 5
3.2 Bankrate Score
JD Power: 829 AM Best: A++

Average annual premium

$ 1,288 for $250k dwelling
State Farm Review

Explore Bankrate's review

State Farm may be appealing if you like handling your needs in person through its statewide network of exclusive local agents. The company’s average annual premium is below Louisiana’s overall average, although a few discounts may help lower your premium, like roofing discounts and multi-policy discounts. However, State Farm does have a higher-than-average overall complaint index from the National Association of Insurance Commissioners (NAIC), which indicates more complaints than average.

Best for educational resources

Rating: 3.1 stars out of 5
3.1 Bankrate Score
JD Power: Not rated AM Best: A

Average annual premium

$ 1,764 for $250k dwelling
The Hanover Review

Explore Bankrate's review

The Hanover has online resources to help you with the process of being a homeowner, like buying, renovating and selling your home. In addition to an average premium that is lower than the state average, The Hanover also offers several endorsements to help you personalize your policy, including service line coverage, water backup coverage and guaranteed replacement cost coverage. The Hanover may not have as many local agencies in Louisiana as some companies though, so it may not be best if you like an in-person experience.

Best for discounts

Rating: 2.8 stars out of 5
2.8 Bankrate Score
JD Power: 801 AM Best: A+

Average annual premium

$ 1,041 for $250k dwelling
ASI Progressive Review

Explore Bankrate's review

Progressive stands out for its wide array of home insurance discounts, including new home construction, advance quote and paperless. Homeowners who already have a car insurance policy with Progressive may consider bundling their homeowners policy for a multiple policy discount for even more convenience. Progressive doesn’t offer as many add-on options as some competitors, though, making it a bit more difficult to personalize your policy.

How much is homeowners insurance in Louisiana?

The average premium for homeowners insurance in Louisiana is $1,992 per year for $250,000 in dwelling coverage, which is 40 percent higher than the national average of $1,428 per year. The higher cost is due to the likelihood of home damage occurring in Louisiana and a record-level of hurricane activity impacting the Pelican State over the past two seasons. The state’s coastal positioning leaves it vulnerable to widespread damage caused by hurricanes and tropical storms, and its lower elevation makes most of the state prone to severe flooding.

Louisiana homeowners insurance premiums are in line with the surrounding states. Texans pay an average of $1,967 per year for the same coverage amounts, and homeowners in Mississippi pay $1,900 per year on average. However, Louisiana homeowners pay slightly less for home insurance than they would in Arkansas, where the average cost for a policy is $2,123 per year.

Home insurance in Louisiana

Homeowners in Louisiana have special considerations when it comes to covering their homes. Understanding the common causes of property damage and natural disasters in the state and what coverage you may need to add to get adequate protection can be helpful when choosing a policy or provider.

Common causes of loss in Louisiana

If you are unsure what type of home insurance coverage is right for you and your home, consider some of the most common causes of home insurance loss in Louisiana.

  • Windstorms: Louisiana’s position on the Gulf Coast leaves it especially vulnerable to wind damage caused by hurricanes. Hurricane Katrina was the costliest natural disaster in U.S. history, causing over $89 billion in damage (in 2021 dollars) across multiple states. Over the last two hurricane seasons, Louisiana has incurred more than $20 billion in insured losses, with more than 600,000 property claims filed by residents, according to the Insurance Information Institute (Triple-I).
  • Flooding: Flooding is a big concern for Louisiana homeowners, especially those who reside closer to the Gulf and along the Mississippi River. Portions of Louisiana are actually below sea level, severely increasing the risk of a devastating flood. Keep in mind that flooding is not covered on a standard home insurance policy.
  • Water damage: Water damage is a common cause of insurance loss in many states. Water can damage your home in numerous ways, including burst pipes, leaking roofs or backed-up basements. It can also cause extensive mold damage, which may or may not be covered by your standard home policy.

Once you understand what kinds of property damage are common in your area, you may feel better equipped to purchase the right coverage for your needs.

Home insurance coverage options in Louisiana

In addition to the standard home insurance coverage types, like dwelling, liability and contents, you may want to purchase optional coverage to increase your financial protection. Some coverage types that Louisiana homeowners might want to consider include:

  • Flood insurance: Damage caused by flooding is not typically covered by standard homeowners insurance and requires a separate flood insurance policy. These can be purchased from the federally backed National Flood Insurance Program (NFIP) or numerous private flood insurers. Some property insurers may offer a flood insurance endorsement that can be added to your standard homeowners insurance policy to provide dwelling coverage and personal property coverage. In many coastal areas, flood insurance is required if you have a mortgage on your home. It is important to confirm if you are in a FEMA-designated flood zone that requires insurance.
  • Water backup coverage: If water damages your home after backing up in a sewer or drain line, you will need this endorsement to have insurance coverage. This type of damage is common in basements or crawl spaces, but can happen from any sewer or drain line and can also be caused by a sump pump failure or power outage.
  • Equipment breakdown coverage: This optional coverage may not be available from every company, but provides coverage for damage to (or the breakdown of) your home’s mechanical systems, like your air conditioner and water heater.
  • Windstorm coverage: While coverage for hurricanes and windstorms are included in most standard homeowners policies, there may be some caveats. Depending on the severity of a tropical system and whether it becomes a “named storm,” some companies may have a percentage deductible rather than the traditional dollar deductible. This means that your deductible would be a percentage of your dwelling limit, typically ranging from 2–10 percent. There is also just one windstorm deductible assessed per hurricane season, even if you sustain losses from multiple named storms. Additionally, if your home is in a particularly high-risk area and you are having a difficult time finding insurance, you may be able to opt for the Louisiana Citizens Property Insurance Corporation, which is a FAIR plan intended for temporary coverage while you look for a permanent solution.

Because hurricanes are one of the biggest weather concerns in Louisiana, reviewing your hurricane coverage with your agent and being familiar with your homeowners declarations may be a good idea. With home replacement costs increasing this year due to rising costs of construction materials and labor, make sure that your policy’s dwelling coverage is adequate to rebuild your home in the event of a catastrophic loss. It can also be helpful to know what will happen to your homeowners insurance once a storm reaches “named storm” status or meets other thresholds, like a specific wind speed, so that you can be prepared in the event you need to file a claim.

Frequently asked questions

Written by
Cate Deventer
Insurance Writer & Editor
Cate Deventer is a writer, editor and insurance professional with over a decade of experience in the insurance industry as a licensed insurance agent.
Edited by Insurance Editor
Reviewed by Director of corporate communications, Insurance Information Institute