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Best homeowners insurance companies in Louisiana for 2024

Updated Jun 01, 2024
Based on Bankrate's research, USAA, Allstate, State Farm, The Hanover and Progressive are writing the best homeowners insurance in Louisiana.

Compare the best homeowners 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 2023 J.D. Power U.S. Home Insurance Study. If you are in the market for the best Louisiana homeowners insurance, these companies are a good place to start gathering quotes.

Insurance company J.D. Power Average monthly premium Average annual premium
881
/1,000
$201
$2,408
809
/1,000
N/A
N/A
829
/1,000
$335
$4,016
Progressive
Not rated
N/A
N/A
Not rated
$473
$5,671
*Premiums are for $300,000 in dwelling coverage **USAA not officially ranked due to eligibility restrictions

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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.

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The top 5 home insurance companies in Louisiana

Best for military-focused coverage

USAA

4.7

Rating: 4.7 stars out of 5

Avg. premium for $300K dwelling

$201/mo

Avg. premium for $300K dwelling

$2,408/yr

Customer satisfaction

881/1,000

Best for robust coverage

Allstate

4.2

Rating: 4.2 stars out of 5

Avg. premium for $300K dwelling

Not available

Avg. premium for $300K dwelling

Not available

Customer satisfaction

809/1,000

Best for local agencies

State Farm

4.2

Rating: 4.2 stars out of 5

Avg. premium for $300K dwelling

$335/mo

Avg. premium for $300K dwelling

$4,016/yr

Customer satisfaction

829/1,000

Best for discounts

Avg. premium for $300K dwelling

Not available

Avg. premium for $300K dwelling

Not available

Customer satisfaction

Not rated

Best for educational resources

The Hanover

3.6

Rating: 3.6 stars out of 5

Avg. premium for $300K dwelling

$473/mo

Avg. premium for $300K dwelling

$5,671/yr

Customer satisfaction

Not rated

Additional Louisiana home insurance companies to consider

Encompass

Encompass

Who this may be best for

Homeowners looking for tiered coverage packages

At $6,313 per year for $300,000 in dwelling coverage, Encompass’s average premiums are below the average home insurance cost in Louisiana. Home and auto bundles are available in three tiers: Special, Deluxe and Elite. Each one has its own coverage limits, endorsements and discount offerings. Encompass has an A+ (Superior) rating from AM Best, and its .22 NAIC complaint index for home insurance signals that it has strong financial backing and solid customer service. However, Encompass does not partner with other private insurers or the NFIP to offer flood policies. That said, Encompass is a subsidiary of Allstate and can help you obtain a flood policy.

Louisiana Farm Bureau

Louisiana Farm Bureau

Who this may be best for

Homeowners wanting online flood policy management

Louisiana Farm Bureau, part of the broader network of Farm Bureau insurance, sells home, auto, life, farm and, notably, flood insurance policies to residents of the Bayou State. Flood policies are sold through Southern Farm Bureau Casualty Insurance Company and can be managed online. Louisiana Farm Bureau also offers a debris removal endorsement, which can come in handy when a hurricane blows through.

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 considered each company’s coverage offerings, discounts and third-party metrics from 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 points.

Cheapest home insurance companies in Louisiana

Due to its high hurricane risk as well as its risk from severe convective storms, Louisiana homeowners insurance tends to be on the pricier end of the spectrum. A hurricane can completely devastate a home, which makes for a costly payout for an insurance provider. To help mitigate these potential losses, home insurance companies typically charge higher premiums. Although it’s a little harder to find cheap home insurance companies in Louisiana, shopping around and comparing multiple quotes can help you hone in on a good deal.

Carrier Monthly premium for $300k coverage Annual premium for $300k coverage Savings vs state avg. for $300k coverage
Armed Forces
$155
$1,858
- $2,416
$201
$2,408
- $1,866
$335
$4,016
- $258
$473
$5,671
+ $1,397
$526
$6,313
+ $2,039

How to get cheap home Louisiana insurance 

Although average Louisiana home insurance rates are well above the national average, homeowners may still be able to save by being strategic with their insurance shopping. The following strategies may help you find lower rates in the Pelican State.

  • Compare quotes: It's often beneficial to obtain quotes from multiple insurance companies, as rates could vary significantly for identical coverage. By evaluating several quotes and discounts, you may find a more cost-effective premium for your needs.
  • Work on your credit score: Home insurance companies in Louisiana can consider your credit history when determining your insurance rates. Improving your credit score may help bring down your rates.
  • Repair or replace your roof: The condition of your roof could significantly influence insurance costs. Older or poorly maintained roofs can lead to expensive claims. Upgrading your roof, particularly with impact-resistant materials, could potentially lower your insurance rates and may qualify you for additional discounts, as it enhances your home's resilience to windstorms.
  • Bundle your policies: If you are happy with the company that carries your car insurance, you might consider purchasing your home insurance coverage from the same carrier. Most insurers offer a sizable discount to policyholders who carry more than one policy with them.
  • Increase your deductible: Although most insurance professionals recommend exploring other savings strategies before adjusting your deductible, increasing your deductible might result in lower premiums. However, it's advisable to maintain a deductible amount that's manageable for you in case of a claim. Louisiana homeowners should be aware of the separate deductibles for standard home damage and hurricane windstorm damage related to named tropical cyclones.

Best home insurance discounts in Louisiana

Discounts may be one of the best ways to save money on your Louisiana homeowners insurance. Almost all insurers offer at least a few discounts, and many of them are not hard to qualify for. You may want to review your policy each year to see if there are any additional savings opportunities you qualify for. Some of the most common discounts include:

Many insurers offer potential savings for anything you do to make your home safer and less likely to sustain damage. This may include installing smoke detectors, security systems or in-home sprinklers.
Bundling is a very common discount offered by most insurance companies. Home and auto bundles are common, but you may be able to bundle your home coverage with boat, RV or landlord insurance.
If you purchased an older home and are doing a comprehensive renovation to bring it up to code, you may earn a discount. However, this will generally only apply if you are replacing home systems such as electrical and plumbing.
Insurance companies often provide discounts for homes that are newly constructed, typically those built within the last three years. These discounts are offered because newer homes are assumed to have fewer risks and modern safety features, reducing the likelihood of claims. Additionally, some insurers offer discounts to first-time home buyers, recognizing the investment in a newly purchased property.

How to save on home insurance policy renewals in Louisiana

Your policy’s renewal date can be an excellent time to take advantage of more savings opportunities. Consider the following strategies to lower your rate:

  • Prevent damage: By Louisiana state law, insurance companies are required to offer discounts to homeowners who install damage mitigators like hurricane shutters, hurricane braces or secondary water barriers (to name just a few) and to those that retrofit their homes to comply with updated Louisiana construction codes. Retrofitting an entire home can be costly, but installing some smaller upgrades could help you earn big premium savings.
  • Improving your credit: We know that improving your credit doesn’t happen overnight, but taking small steps to improve your credit record between renewal dates can help you lower your premium. Insurers view policyholders with strong credit histories as less likely to file claims based on actuarial data, and tend to offer better rates as a result.
  • Improve your roof: A roof's home is a first line of defense against windstorm damage. Having a strong roof over your head not only gives you peace of mind but could also earn you a home insurance discount. Many of Louisiana’s state-approved hurricane mitigation efforts pertain to roofs: roof bracing, roof-to-wall strengthening, roof deck attachment and roof covering. These could all help you secure a lower rate.

How much is home insurance in Louisiana?

The average home insurance cost in Louisiana is $4,274 per year for $300,000 in dwelling coverage, which is nearly 92 percent more than the national average of $2,230 per year. The higher cost may be attributed, in part, to a record-level of hurricane activity impacting the Pelican State during the 2020 and 2021 hurricane 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.

Average Louisiana homeowners insurance premiums are in line with surrounding states. Texans pay an average of $3,726 per year for the same coverage amount, and homeowners in Mississippi pay an annual average of $2,820. However, Louisiana homeowners pay slightly less for home insurance than they would in Arkansas, where the average cost for a policy with $300K in dwelling coverage is $3,056 per year.

Louisiana homeowners insurance rates by city 

Louisiana’s statewide average cost of homeowners insurance is $4,274 per year, but your exact insurance premium will vary based on your coverage limits and your location. Some areas of Louisiana are more prone to hurricane damage, while others are more consistently out of the path of a storm. The map and table below can show you average rates for different Louisiana cities.

  • Tullos: $2,378 per year — 44 percent below state average
  • Kelly: $2,399 per year — 44 percent below state average
  • Delta: $2,402 per year — 44 percent below state average
  • Start: $2,403 per year — 44 percent below state average
  • Ruston: $2,406 per year — 44 percent below state average
  • Dulac: $8,297 per year — 94 percent above state average
  • Grand Isle: $8,269 per year — 93 percent above state average
  • Golden Meadow: $8,233 per year — 93 percent above state average
  • Braithwaite: $7,822 per year — 83 percent above state average
  • Galliano: $7,527 per year — 76 percent above state average

*Rates are for $300,000 in dwelling coverage.

What does home insurance cover in Louisiana?

Since 1822, 63 major hurricanes have made landfall in Louisiana, putting it just behind Florida and Texas in terms of the most storms per state. If you’re a Louisiana property owner, storm warnings, flooding and high winds have likely caused you distress more than once. To help you understand what additional coverage you may need to cover these events, we’ve provided a list of what coverage standard home insurance policies offer:

  • Tornadoes: If a tornado blows through town, your home insurance policy should cover your dwelling, personal property and other structures.
  • Hurricanes: Hurricane coverage is a bit tricky. The wind and hail damage from a hurricane are typically covered, but that damage may be subject to a separate deductible. According to Louisiana law, hurricane and named storm deductibles are between 2 and 5 percent of the total dwelling coverage limit. Flood damage that results from a hurricane is not covered unless you have a separate flood endorsement or policy.
  • Fire: Your dwelling and personal property are both usually protected from unintentional fire damage.
  • Explosion: Explosions in or around your home are generally covered.
  • Lightning: If lightning strikes and causes a power surge or fire, your home insurance policy should give you some coverage.
  • Volcanoes: This doesn’t really pertain to Louisiana homes, but it’s helpful to know that most home insurance policies protect against ash, dust, shock waves and lava flow.
  • Extreme cold: Although Louisiana winters are pretty mild if a cold snap causes a pipe to burst and damage your belongings, they should be covered by your home insurance policy.

Additional types of home insurance in Louisiana

In addition to the standard home insurance coverage types, like dwelling, additional living expenses, and 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.
  • 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 to 5 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.

Related content:

Common Louisiana home insurance problems

Louisiana has seen its share of home insurance woes. Its position along the Gulf Coast and its low-lying southern border makes the state prone to hurricanes. However, costly storms are not the only thing that plagues the Louisiana home insurance industry:

  • Difficulty securing coverage: Following a slew of hurricanes from 2020 to 2021, several Louisiana home insurance companies have been declared insolvent, voluntarily withdrew from the market or stopped writing new business. Louisiana homeowners have fewer options when it comes to home insurers, which makes it all the more difficult to lock in coverage.
  • High rates: Louisiana home insurance is undoubtedly expensive. As long as hurricanes and severe convective storms continue to bombard the state, high home insurance costs will continue to plague Louisiana homeowners.
  • Expensive last-resort plan: Similar to Florida, Louisiana has a last-resort property insurer called Louisiana Citizens Property Insurance Corporation. Citizens is a government-backed “Fair Access to Insurance Requirements'' (FAIR) plan carrier. It is meant to act as a short-term solution for homeowners who cannot find insurance in the private market, but following the home insurance exodus, an increasing number of homeowners find themselves obtaining coverage through Citizens. As a result of the plan growing at a rapid pace, Citizens implemented a 63 percent rate increase beginning January 2023.

New

Recent news in Louisiana homeowners insurance market: Louisiana insurers struggle to manage risks in hurricane-prone state

It's no surprise to any Louisiana resident that the state is known for fierce weather, especially in the southern coastal areas facing the Gulf Coast. The 2020–2021 hurricane season saw four storms — Laura, Delta, Zeta and Ida — that did a collective damage of more than $76 billion in the state and caused a handful of insurers to cease their operations there.

Bankrate took a close look at the insurance situation in Louisiana. Here are our key insights:

  • According to the Insurance Information Institute (Triple-I):
    • 12 property insurers operating in Louisiana were declared insolvent between July 2021 and February 2023.
    • 12 insurers voluntarily withdrew from the market after the 2021 hurricane season.
    • 50 carriers stopped writing new business in hurricane-prone parishes.
    • Because of market volatility, Louisiana's backstop insurer, Louisiana Citizens Property Insurance Corp., has quadrupled its policies in force since 2021.
    • The primary cause of insurer failures was undercapitalized companies with inadequate reinsurance.
  • It's likely that more frequent and stronger hurricanes are on the horizon, based on the National Climate Assessment. This will likely lead to even more volatility in the insurance market.
  • To stabilize the situation, the Louisiana legislature passed a $45 million bill in February 2023 to create an insurance incentive program, which is intended to incentivize new insurers to enter the market.
  • Homeowners may see an increase in rates, especially those who are in high-risk areas. Those who have a difficult time securing coverage may need to purchase their insurance from Louisiana Citizens, the insurer of last resort in the state.
  • Beginning October 2023, Louisiana homeowners will be able to apply for grants from the Louisiana Fortify Homes Program, which was established by the Louisiana legislature in 2022. The program will grant approved homeowners up to $10,000 to retrofit their roofs to meet the fortified standards set by the Insurance Institute for Business and Home Safety. Homeowners can apply online with the Louisiana Department of Insurance.

Frequently asked questions

Methodology

Bankrate utilizes Quadrant Information Services to analyze June 2024 rates for all ZIP codes and carriers in all 50 states and Washington, D.C. Quoted rates are based on married male and female homeowners with a clean claim history, good credit and the following coverage limits:

  • Coverage A, Dwelling: $150,000, $300,000, $350,000, $450,000, $750,000
  • Coverage B, Other Structures: $15,000, $30,000, $35,000, $45,000, $75,000
  • Coverage C, Personal Property: $75,000, $150,000, $175,000, $225,000, $375,000
  • Coverage D, Loss of Use: $30,000, $60,000, $70,000, $90,000, $150,000
  • Coverage E, Liability: $500,000
  • Coverage F, Medical Payments: $1,000

The homeowners also have a $1,000 deductible, a $500 hail deductible and a 2 percent hurricane deductible (or the next closest deductible amounts that are available) where separate deductibles apply. 

These are sample rates and should be used for comparative purposes only. Your quotes will differ.

Bankrate Scores

Our Bankrate Score considers variables our insurance editorial team determined impacts policyholders’ experiences with an insurance company. These rating factors include a robust assessment of each company’s product availability, financial strength ratings, online capabilities and customer and claims support accessibility. Each factor was added to a category, and these categories were weighted in a tiered approach to analyze how companies perform in key customer-impacting categories. 
5
Rating: 5 stars out of 5
Overall Score
  • Cost & ratings 50%
  • Coverage & savings 30%
  • Support 20%
Like our previous Bankrate Scores, each category was assigned a metric to determine performance, and the weighted sum adds up to a company’s total Bankrate Score — out of 5 points. This year, our 2023 scoring model provides a more comprehensive view, indicating when companies excel across several key areas and better highlighting where they fall short.
Written by
Natalie Todoroff
Writer, Insurance

Natalie Todoroff is an insurance writer for Bankrate, prior to which she wrote for a popular insurance comparison shopping app. She has a Bachelor of Arts in English and has written over 800 articles about insurance throughout her career.

Edited by Editor, Insurance
Reviewed by Director of corporate communications, Insurance Information Institute