The cheapest home insurance rates in Louisiana can be found at State Farm, which offers an average premium of $169 a month. After that, USAA has the state's second-cheapest rate of $208 a month, with Shelter close behind at $209 a month.
Louisiana home insurance rates come in well above the average national premium, making it a priority for you to find the best coverage possible at the cheapest price. We put together this guide to help you understand who the best, cheapest home insurers are and the factors they use to determine their rates.
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Louisiana's cheapest homeowners insurance companies
State Farm has the cheapest home insurance premium in Louisiana, with an average rate of $169 a month. USAA is in second place, with an average rate of $208 a month. Shelter insurance has the third-lowest premium of $209 a month.
| Company | Monthly cost |
|---|---|
| State Farm | $169 |
| USAA | $208 |
| Shelter | $209 |
| Allstate | $211 |
| Average rates are based on non-binding estimates provided by Quadrant Information Services. Your rates may vary. | |
How much is homeowners insurance in Louisiana?
Home insurance in Louisiana costs an average of $199 a month. This puts its rates at 28% higher than the national average homeowners insurance rate of $144 a month.
Louisiana homeowners insurance rates are so high largely due to hurricanes and flooding being common occurrences. Other factors that can affect your home insurance rate include:
- The age of the house
- What materials were used in construction
- Your ZIP code
- Your personal insurance history
How home insurance providers weigh the factors involved in calculating your final premium varies a lot. This results in their rates being different. Especially in an expensive state like Louisiana, this makes it important for you to take some time to compare quotes and find the best, cheapest home insurance policy you can.
Compare quotes from Louisiana's cheapest home insurers
The deductible you choose for your home insurance coverage will also affect your final rate. The higher your deductible, the lower your premium.
| Deductible | Annual average rate |
|---|---|
| $500 | $2,616 |
| $1,000 | $2,390 |
| $1,500 | $2,266 |
| $2,000 | $2,160 |
| Average rates are based on non-binding estimates provided by Quadrant Information Services. Your rates may vary. | |
The best Louisiana homeowners insurance companies
State Farm, USAA and Allstate are the best home insurance companies in Louisiana, based on our research. Here's why:
State Farm: most popular home insurance provider in Louisiana
On top of being the cheapest home insurance company in Louisiana, with an average monthly premium of $169, State Farm is also the most popular. According to the most recent National Association of Insurance Commissioners (NAIC) report, State Farm holds 16.17% of the state's property and casualty insurance market share. Progressive is the second-highest with a wide margin at 8.55% of the market share.
A large part of State Farms' popularity is its commitment to customer satisfaction. In its 2021 U.S. Home Insurance Study, J.D. Power gave State Farm a score of 835 out of 1,000 for overall customer satisfaction. This put State Farm as the fourth-highest for customer care in the study.
State Farm also has a 0.18 complaint index rating according to the NAIC. The lower a company's complaint index, the better its standing. This puts State Farm in an excellent position, given that the national complaint index average is 1.0.
USAA: best customer satisfaction
USAA has the second-cheapest home insurance rate of $208 a month in Louisiana. While significantly higher than State Farm's rate there, USAA is consistently regarded as the king of the hill for customer care. In its 2021 U.S. Home Insurance Study, J.D. Power gave USAA a score of 882 out of 1,000. If J.D. Power counted USAA in its standard ranking, it would be at the very top of the list.
The reason for USAA not being counted in the ranking is that it only offers insurance for military personnel and veterans, as well as their families. If this sounds like you, definitely consider USAA when you compare home insurance quotes.
Allstate: best discounts
While Allstate's average home insurance rate of $211 a month isn't among the cheapest in Louisiana, its discounts can get you close and save you a lot of money. Allstate's home insurance discounts include:
- Multipolicy discount. If you bundle your home insurance policy with an auto or life insurance policy with Allstate, you could save up to 25% on your insurance costs.
- Claim-free discount. Switching to Allstate without recent claims on your home insurance history can save you up to 20%.
- Early signing discount. You can save up to 10% on your premium if you sign up for a new home insurance policy at least seven days before the expiration of your current policy.
- Easy pay discount. Set up automatic payments for your premium and save 5%.
- Welcome and loyalty discount. Save 10% on your home insurance for switching to Allstate. This discount remains as long as you have your policy with Allstate.
Louisiana's cheapest cities for home insurance
Bossier City is the cheapest city for home insurance in Louisiana, with homeowners there paying an average $110 a month for coverage if they get it through Allstate. It's followed by Lafayette, which pays $114 a month with State Farm. Kenner is the most expensive city in Louisiana for home insurance. Homeowners there pay $423 a month, on average, through Allstate.
| City | Allstate | Shelter | State Farm | USAA |
|---|---|---|---|---|
| Alexandria | $150 | $216 | $209 | $140 |
| Baton Rouge | $183 | $144 | $134 | $173 |
| Bossier City | $110 | $264 | $199 | $139 |
| Kenner | $423 | $271 | $139 | $391 |
| Lafayette | $185 | $141 | $114 | $193 |
| Lake Charles | $199 | $175 | $126 | $221 |
| Metairie | $370 | $271 | $137 | $380 |
| Monroe | $142 | $202 | $234 | $138 |
| New Orleans | $369 | $275 | $129 | $400 |
| Shreveport | $144 | $264 | $199 | $134 |
| Average rates are based on non-binding estimates provided by Quadrant Information Services. Your rates may vary. | ||||
On the county scale, Lafayette Parish residents pay the cheapest average home insurance rate of $1,900 a year. East Baton Rouge Parish pays the second cheapest average of $1,913 a year.
| Parish (County) | Annual rate | |||
|---|---|---|---|---|
| Caddo | $2,222 | |||
| Calcasieu | $2,185 | |||
| East Baton Rouge | $1,913 | |||
| Jefferson | $3,287 | |||
| Lafayette | $1,900 | |||
| Livingston | $2,152 | |||
| Orleans | $3,550 | |||
| Ouachita | $2,144 | |||
| St. Tammany | $2,166 | |||
| Tangipahoa | $2,239 | |||
| Average rates are based on non-binding estimates provided by Quadrant Information Services. Your rates may vary. | ||||
Compare rates from the top insurers in the U.S.
Home insurance perils in Louisiana
Louisianians need no reminder of the devastation natural disasters can cause. Louisiana experiences some of the most severe weather of any state in the U.S., from hurricanes to cyclones to floods. Knowing the risks to your home can help you make sure you have enough insurance coverage.
Hurricanes and other storms
Homeowners insurance typically covers damage from windstorms, including hurricanes. Louisiana has hurricane deductibles as a part of home insurance policies. These deductibles are usually somewhere between 2% and 5% of your home's insured value.
There are ways to reduce or minimize your risk of damage from hurricanes. We recommend all homeowners in Louisiana take the following precautions:
- Tie down external buildings like sheds and garages.
- Install storm shutters.
- Secure and reinforce windows and doors.
Lastly, creating a thorough home inventory is one of your best tools. By cataloging your belongings, you can prove your loss more easily if you have to make a claim.
Louisiana flood insurance
Standard homeowners insurance does not cover floods. To protect yourself and your home, you'll have to purchase a separate flood insurance policy through the National Flood Insurance Program (NFIP) or a private company. NFIP flood insurance is by far the most common type of flood insurance, but private flood insurance is slowly becoming more common.
The average cost of flood insurance in Louisiana is $715 a year, according to FEMA data from March 2021. Flood insurance is not cheap, but the protection it provides can be extremely valuable for homeowners. Louisiana is one of the most at-risk states for flooding in the U.S. The NFIP has paid out more money in claims to Louisiana than to any other state — more than $16 billion between 1996 and 2016.
Methodology
We collected quotes from every ZIP code in Louisiana for a standard HO-3 homeowners insurance policy using the following coverages:
- $275,000 dwelling coverage (unless otherwise noted)
- $27,500 other structures
- $137,500 personal property
- $55,000 loss of use coverage
- $100,000 liability
- $5,000 medical payments
- $1,000 deductible (unless otherwise noted)
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