As hurricanes continue to batter the Gulf coast year after year,homeowners insuranceis becoming increasingly important to the residents of Louisiana. Not only is it important to have a strong policy anywhere in the state, but additional flood insurance is required in high-risk areas as well.
Compare home insurance rates in Louisiana
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Compare the best homeowners insurance companies in Louisiana
Based on Policygenius' analysis of the most widely available insurance companies in the state, State Farm, Farmers, Allstate, The Hanover, and Citizens are Louisiana'sbest homeowners insurance companiesin 2023.
Company | Best for... | Average monthly cost | Policygenius rating |
|---|---|---|---|
State Farm | Overall | $183 | 4.8 out of 5 |
Farmers | Flood insurance through the NFIP | $344 | 4.5 out of 5 |
Allstate | Low rates & claims-free rewards | $190 | 4.4 out of 5 |
The Hanover | Lots of coverage options | $198 | 4.3 out of 5 |
Louisiana Citizens Property Insurance | High-risk homes | N/A | 2.6 out of 5 |
Methodology & why you can trust our rates
Policygenius has analyzed home insurance rates provided by Quadrant Information Services in March 2022 for ZIP codes in all 50 states plus Washington, D.C., for a 40-year-old female homeowner with no claim history, good credit, a $1,000 deductible, and the following coverage limits:
Dwelling: $300,000
Other structures: $30,000
Personal property: $150,000
Loss of use: $60,000
Liability: $300,000
Medical: $1,000
All rates based on the above coverage limits except where otherwise noted.
Some carriers may be represented by affiliates or subsidiaries. Rates provided are a sample of costs. Your actual quotes may differ.
Best overall home insurance company in Louisiana: State Farm
2024 Policygenius award winner
State Farm
Policygenius rating
Our proprietary rating methodology takes multiple factors into account, including customer satisfaction, cost, financial strength, and policy offerings. See the "methodology" section for more details.
4.8
AM Best rating
AM Best is a global credit rating agency that scores the financial strength of insurance companies on a scale from A++ (Superior) to D (Poor).
A++
Cost
Using a mix of internal and external rate data, we grade the cost of each insurance company's premiums on a scale from least expensive ($) to most expensive ($$$$$).
$
$
$
$
$
Bundle home & auto
Offers extended replacement cost
Offers flood insurance
Offers earthquake insurance
Wind/hail deductible
Offers wildfire insurance
Why we chose it
State Farm home insurance is one of the best home insurance companies in Louisiana thanks to its statewide availability, large selection of policy options for most home types, high customer service marks, and industry-best financial stability ratings.
Pros and cons
Pros
High customer satisfaction and financial strength ratings
Top-tier coverage add-ons, including extended replacement cost coverage
Offers large discounts when you bundle your home and auto insurance
Cons
20% more complaints filed with the NAIC than other companies of its size
No discounts for first-time homebuyers
More details
Why we chose State Farm
At a time when lots of competitors are no longer insuring homes in areas prone to wildfires and hurricanes, State Farm continues to offer its relatively affordable and highly-rated home insurance to homeowners in most parts of the country, including Louisiana.
And it doesn't skimp on coverage, offering flood, wildfire, and earthquake protection — one of few competitors that offers all three insurance policies to homeowners in many high-risk states.
Plus, while many competitors don't have the financial strength to pay out claims after several natural disasters in the same year, State Farm isn't one of them. It earns the highest rating possible from AM Best for financial strength and stability — only six insurance companies out of nearly 70 we reviewed hold this title.
How much does State Farm home insurance cost?
The average cost of State Farm home insurance in Louisiana is$2,197 per year, which is about 10% cheaper than the city average of $2,452 per year.
How to get a quote
Online through State Farm
Read our full review of State Farm home insurance
Best for flood insurance through the NFIP: Farmers
2024 Policygenius award winner
Farmers
Policygenius rating
Our proprietary rating methodology takes multiple factors into account, including customer satisfaction, cost, financial strength, and policy offerings. See the "methodology" section for more details.
AM Best rating
AM Best is a global credit rating agency that scores the financial strength of insurance companies on a scale from A++ (Superior) to D (Poor).
A
Cost
Using a mix of internal and external rate data, we grade the cost of each insurance company's premiums on a scale from least expensive ($) to most expensive ($$$$$).
$
$
$
$
$
Offers extended replacement cost
Bundle home & auto
Smart home discounts
Why we chose it
Farmers is one of the best home insurance companies in Louisiana thanks to its wide array of coverage options, including flood insurance through the National Flood Insurance Program.
Pros and cons
Pros
Flood insurance through the NFIP is available
Receives few complaints from policyholders and has a high claims satisfaction score
Optional extended or guaranteed replacement cost dwelling coverage
Cons
Below-average scores on J.D. Power’s overall customer satisfaction and digital experience surveys
Rates are 68% more expensive than the statewide average
More details
Why we chose Farmers
Farmers is one of the best home insurance companies in Louisiana, especially if you want to add flood insurance protection through the National Flood Insurance Program (NFIP). Additional coverages you can also add on to your Farmers policy include guaranteed or extended replacement cost coverage, water backup protection, and a personal articles floater.
Farmers also earned a high score in J.D. Power’s 2022 claims satisfaction study (though it scored below average on J.D. Power’s overall customer satisfaction and digital experience surveys). Plus, Farmers receives fewer complaints than average, according to the National Association of Insurance Commissioners.
How do Farmers home insurance rates compare to the average in Louisiana?
The average cost of Farmers home insurance in Louisiana is $4,129 per year, which is 68% more expensive than the state's average annual premium of $2,452 per year.
How to get a quote
Online through Farmers
Read our full review of Farmers home insurance
Best for low rates & claims-free rewards: Allstate
2024 Policygenius award winner
Allstate
Policygenius rating
Our proprietary rating methodology takes multiple factors into account, including customer satisfaction, cost, financial strength, and policy offerings. See the "methodology" section for more details.
4.5
AM Best rating
AM Best is a global credit rating agency that scores the financial strength of insurance companies on a scale from A++ (Superior) to D (Poor).
A+
Cost
Using a mix of internal and external rate data, we grade the cost of each insurance company's premiums on a scale from least expensive ($) to most expensive ($$$$$).
$
$
$
$
$
Bundle home & auto
Smart home discounts
Wind/hail deductible
Why we chose it
Allstate is one of the top home insurance companies in Louisiana. Its rates are lower than average in the state, and Allstate also deductible perks and lower rates each year you go without filing a claim.
Pros and cons
Pros
Rates are 7% cheaper than the state average
Deductible perks & rate discounts each year you go without filing a claim
Offers water backup protection, other endorsem*nts
Cons
Beginning to pull back coverage in high-risk areas
Below-average digital experience rating with J.D. Power
More details
Why we chose Allstate
Allstate is a top home insurance company in Louisiana. Its rates are lower than the statewide average, plus you can save money on your premiums and deductible each year you go without filing a claim. We also like that Allstate offers some home insurance coverages that you can add to your policy for more protection, like water backup protection, scheduled personal property coverage, and identity theft restoration coverage.
If you're looking to cover your short-term rental, Allstate's HostAdvantage is another perk. HostAdvantage comes with theft protection, coverage for your damaged property ($10,000 per host period), and a $25 discount on cleaning services from Merry Maids.
How do Allstate home insurance rates compare to the Louisiana average?
The average cost of Allstate home insurance in Louisiana is $2,282 per year, which is 7% cheaper than the statewide average of $2,452 per year.
How to get a quote
Online through Policygenius or Allstate, or by contacting a local Allstate agent
Read our full review of Allstate home insurance
Best for lots of coverage options: The Hanover
The Hanover
Policygenius rating
Our proprietary rating methodology takes multiple factors into account, including customer satisfaction, cost, financial strength, and policy offerings. See the "methodology" section for more details.
4.3
AM Best rating
AM Best is a global credit rating agency that scores the financial strength of insurance companies on a scale from A++ (Superior) to D (Poor).
A
Cost
Using a mix of internal and external rate data, we grade the cost of each insurance company's premiums on a scale from least expensive ($) to most expensive ($$$$$).
$
$
$
$
$
Bundle home & auto
Mobile app
New homebuyer discount
Why we chose it
The Hanover home insurance policies come with a slew of quality coverage add-ons and high customer service marks — and rates are on par with the statewide average in Louisiana.
Pros and cons
Pros
Offers three tiers of coverage for all types of homes, including a specialized policy for high-value homes
Received 85% fewer complaints in 2021 according to the NAIC complaint index
Mobile app allows you to manage your policy, contact your agent, and report claims on the go
Cons
No online quote tool or live-chat feature on its website
More details
Why we chose it
The Hanover is one of the best home insurance companies in Louisiana, especially for buyers who value highly rated customer service. According to the National Association of Insurance Commissioners, the Hanover receives only a fraction of the complaints expected for its size.
We also like the number of coverages that The Hanover offers. For example, homeowners can add protection to their basic policies, including guaranteed and extended replacement cost coverage, valuable items coverage, equipment breakdown coverage, and water backup protection.
How do The Hanover home insurance rates compare to the Louisiana average?
The average cost of home insurance from The Hanover in Louisiana is$2,378 per year,which is on par with the statewide average.
How to get a quote
You can get a home insurance quote by contacting a localHanover insurance agent.
Read our full review of The Hanover home insurance
Best for high-risk homes: Louisiana Citizens
Louisiana Citizens
Policygenius rating
Our proprietary rating methodology takes multiple factors into account, including customer satisfaction, cost, financial strength, and policy offerings. See the "methodology" section for more details.
2.6
AM Best rating
AM Best is a global credit rating agency that scores the financial strength of insurance companies on a scale from A++ (Superior) to D (Poor).
NA
Cost
Using a mix of internal and external rate data, we grade the cost of each insurance company's premiums on a scale from least expensive ($) to most expensive ($$$$$).
$
$
$
$
$
Wind/hail deductible
Why we chose it
As Louisiana's version of the Fair Access to Insurance Requirements (FAIR) Plan, Citizens home insurance might be a good fit if you’ve struggled to qualify for coverage due to multiple past claims, living in a high-risk coastal area, or having an oldroof.
Pros and cons
Pros
Provides homeowners insurance to high-risk homes that are often denied coverage by private insurers
Wind/hail and named-perils policies available for older homes
Cons
Rates are generally more expensive than home insurance on the private market
Fewer coverage options and lower limits than competitors
No online quote tool
More details
Why we chose it
Citizens Insurance offers basic home, wind-only, and named-perils policies for homes in high-risk areas of Louisiana. If you're having a difficult time finding a company to insure your home, Citizens is a decent last-resort option.
How do The Hanover home insurance rates compare to the Louisiana average?
We don't have access to the average cost of Louisiana Citizens home insurance as of August 2023.
How to get a quote
To get a home insurance quote with Louisiana Citizens, you’ll first want to see if you can find coverage with a standard home insurance company. If you can't, then you can get a quote from any licensed insurance agent who’s authorized to sell Citizens coverage.
Find our complete list of home insurance reviews
Compare home insurance rates in Louisiana
We don't sell your information to third parties.
How much is homeowners insurance in Louisiana?
The average cost of homeowners insurance in Louisiana is $2,452 per year or $204 per month — this is 40% more expensive than the national average of $1,754 per year.
Louisiana homeowners insurance rates by city
Looking at average home insurance costs for the 20 largest cities in Louisiana, we found that Ruston has thecheapest homeowners insurancein the state, followed by Alexandria and Monroe.
City | Average monthly cost | Average annual cost | Difference from state average (%) |
|---|---|---|---|
New Orleans | $234 | $2,805 | 14% |
Baton Rouge | $207 | $2,482 | 1% |
Shreveport | $187 | $2,241 | -9% |
Lafayette | $227 | $2,728 | 11% |
Lake Charles | $245 | $2,942 | 20% |
Kenner | $232 | $2,781 | 13% |
Bossier City | $187 | $2,239 | -9% |
Monroe | $178 | $2,139 | -13% |
Alexandria | $171 | $2,055 | -16% |
Houma | $268 | $3,211 | 31% |
Central | $209 | $2,512 | 2% |
Slidell | $229 | $2,753 | 12% |
New Iberia | $269 | $3,233 | 32% |
Ruston | $170 | $2,034 | -17% |
Hammond | $202 | $2,427 | -1% |
Sulphur | $242 | $2,901 | 18% |
Zachary | $210 | $2,514 | 3% |
Natchitoches | $187 | $2,244 | -8% |
Youngsville | $233 | $2,801 | 14% |
Gretna | $226 | $2,716 | 11% |
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Louisiana homeowners insurance rates by coverage amount
One of the most important (and expensive) parts of your home insurance policy is yourdwelling coverage, since it protects the physical structure of your home from covered hazards like hurricanes and fires.
How much dwelling coverage you purchase should be based on thereplacement cost of your home—not its market value.That means even if you paid $600,000 for a home that would really only cost $400,000 to rebuild — you’d only need $400,000 in dwelling coverage.
The table below highlights the average annual premium in Louisiana for five different levels of dwelling coverage.
As you can see, the higher your dwelling coverage limit, the higher your premiums. In Louisiana, the most significant rate jump occurs in the $400,000 to $500,000 range — with an over $800 difference in premiums between these two coverage levels.
Dwelling coverage limit | Average annual cost |
|---|---|
$100,000 | $1,055 |
$200,000 | $1,746 |
$300,000 | $2,452 |
$400,000 | $3,246 |
$500,000 | $4,059 |
Compare home insurance rates in Louisiana
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Cheapest homeowners insurance companies in Louisiana
Based on our analysis,Armed Forces Insurance, Bankers Insurance, and New Holdings are the threecheapest home insurancecompanies in Louisiana, with statewide average premiums ranging from $1,041 to $1,623 per year.
Shelter Insurance and State Farm are also among the most affordable home insurance carrier options for Louisiana residents in 2023, as detailed in the table below.
Company | Average annual cost |
|---|---|
Armed Forces Insurance | $1,041 |
Bankers Insurance | $1,530 |
New Holdings | $1,623 |
Shelter Insurance | $1,959 |
State Farm | $2,197 |
Allstate | $2,282 |
The Hanover | $2,378 |
USAA | $2,504 |
Farm Bureau Insurance | $2,932 |
Access Home Insurance | $3,809 |
Lighthouse Property Insurance | $4,125 |
Farmers | $4,129 |
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Cheapest Louisiana homeowners insurance if you have poor credit
Just asyour credit scoremay affect your mortgage or car loan, having poor credit can also increase your insurance rates. Since customers with better credit are more likely to pay for repairs out of pocket rather than file a claim, insurers consider them to be lower risk to insure.
Not all companies follow this practice, however, so if you have poor credit, it’s best to shop around for the best rate.
With an average rate of $1,623 per year, New Holdings has the cheapest home insurance rates in Louisiana for a homeowner with poor credit, while Farmers' average yearly premium of $7,922 is the highest.
Company | Average annual cost |
|---|---|
New Holdings | $1,623 |
Armed Forces Insurance | $1,810 |
Shelter Insurance | $2,442 |
Bankers Insurance | $2,526 |
Farm Bureau Insurance | $2,932 |
The Hanover | $2,975 |
USAA | $3,252 |
State Farm | $3,744 |
Allstate | $3,826 |
Access Home Insurance | $4,388 |
Lighthouse Property Insurance | $4,958 |
Farmers | $7,922 |
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Cheapest Louisiana homeowners insurance if you have an older home
The median age of homes in Louisiana is 41 years old, according to ananalysis of U.S. census data by House Method. And like everything else, theage of your homeplays a role in how much you pay for home insurance in Louisiana.
Older and historic homes are usually more expensive to insure than newer homes. This is because insurers consider them a higher risk than newer homes since they can be fragile, their construction materials may be obsolete, and certain structural components like the roof or plumbing may not be in good shape or up to current-day code. Because of this, they'll charge higher premiums to offset the risk.
Here's the cheapest home insurance in Louisiana for a 50-year-old home:
Company | Average annual cost |
|---|---|
Armed Forces Insurance | $1,225 |
Bankers Insurance | $1,634 |
New Holdings | $1,731 |
Shelter Insurance | $1,959 |
State Farm | $2,196 |
Allstate | $2,282 |
The Hanover | $2,707 |
USAA | $2,845 |
Farm Bureau Insurance | $3,465 |
Farmers | $4,197 |
Access Home Insurance | $4,388 |
Lighthouse Property Insurance | $5,087 |
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Wind mitigation discounts & incentives in Louisiana
Many home insurance companies offer wind mitigation discounts if your home is outfitted with features to withstand high winds and flooding caused by a hurricane or strong windstorm. In Louisiana, you can save between 20% and 52% on the wind portion of your home insurance policy by installing Fortified Roof and Fortified Home elements to your home.
Other incentives include:
Retrofit tax deduction:Deduct up to $5,000 or 50% of the cost of mitigating your homes to reduce wind or flood damage — whichever is less — off your state taxes
Louisiana Citizens Property Insurance rebate:Get a refundable income tax credit if you paid the LA Citizens assessments in addition to your home insurance premium
Cheapest Louisiana homeowners insurance if you have a history of claims
One of the biggest factors that plays a role in yourhome insurance premium is your claims history. You'll typically pay more for home insurance if you have multiple claims on your record, since insurers perceive you as posing a greater risk of filing more.
Here's the cheapest home insurance companies in Louisiana for a homeowner with three claims within a five-year period.
Company | Average annual cost |
|---|---|
New Holdings | $1,623 |
Armed Forces Insurance | $1,902 |
State Farm | $2,504 |
Bankers Insurance | $2,670 |
The Hanover | $2,845 |
Shelter Insurance | $2,926 |
USAA | $3,378 |
Farm Bureau Insurance | $3,465 |
Allstate | $3,747 |
Access Home Insurance | $4,388 |
Lighthouse Property Insurance | $5,903 |
Farmers | $5,964 |
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Coverage options in Louisiana for hurricanes and flooding
In addition to looking at how much each insurance company charges for different coverage levels and risks, you should also be aware of what your policy does and doesn’t cover.
Whenbuying homeowners insurancein Louisiana, there are two additional insurance options you may need to consider to protect against the state’s frequent hurricanes and flooding.
Windstorm insurance
Homeowners insurance generally covers the cost of repairs ifyour home is damaged by windor hail. However, since Louisiana sees frequent hurricanes, tropical storms, and tornadoes, policies oftenexcludecoverage for wind and hail in high-risk areas.
If that’s the case, you’ll need windstorm insurance — a special type of property insurance that specifically covers your home and belongings from wind or hail damage. Windstorm insurance is sometimes available as an add-on to yourhomeowners insurance, though it can also be purchased as a separate wind-only policy.
Flood insurance
Most homeowners insurance policies don’t cover flood damage, so Louisiana residents in at-risk areas will want to considerflood insuranceon top of theircoastal home insurancepolicy.
In addition to comparing home insurance quotes, Louisiana homeowners can also compare private flood insurance rates with Policygenius, or choose a policy through a government entity like the National Flood Insurance Program.
Learn more >>
How to buy homeowners insurance in Louisiana
With so many insurance companies pulling out of states due to the severe weather that makes expensive claims difficult to finance, it’s extra important to compare policies from multiple companies to make sure you’re getting the best coverage at the fairest price.
6 simple steps to buying home insurance in Louisiana
Reach out to a licensed Policygenius agent.Our team of licensed insurance experts is at the ready to help you figure outhow much coverage you needand what company offers it at the best price — all for free with no impact to your credit score.
Ask about Citizens Insurance — Louisiana's FAIR Plan provider.If you’re struggling to qualify for insurance from a traditional provider due to your home’s high risk, ask your Policygenius agent if a policy through Louisiana'sFAIR Planmakes more sense.
Consider purchasing flood insurance.Since standard home insurance policies don’t cover flooding, you’ll want to add flood coverage or purchase aseparate Louisiana flood insurance policyto make sure you’re fully protected. A Policygenius agent can help you do this, too.
Figure out how low of a deductible you can afford.Since homeowners in Louisiana have a separate hurricane deductible that you can choose — between 2% and 5% of their dwelling coverage limit — you’ll want to figure out how much you’ll be able to afford to pay out of pocket every time youfile a claimdue to hurricane damage.
Compare quotes from a Policygenius agent.Once you’ve nailed down your coverage needs, limits, and deductibles, a Policygenius agent will walk you through quotes from a few different companies to help you find the best policy for your needs.
Sign the policy and pay your first premium.After you’ve chosen the policy you want, your Policygenius agent will complete all of the paperwork for you. The only thing left to do is sign the policy and pay your first premium. They’ll evencancel your old policy.
Compare home insurance rates in Louisiana
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Frequently asked questions
Who offers the best home insurance in Louisiana?
While Armed Forces Insurance has the cheapest rates in Louisiana, the best policy is the one that offers you great coverage at a price you can afford while meeting your standards for customer service and resources.
Why do pools, treehouses, and trampolines affect my home insurance rate?
These so-called “attractive nuisances” can lead to injuries and more liability claims. Insurance companies will increase your premium to offset this risk.
Is flood Insurance included in my home insurance policy?
No. Flood insurance must be purchased separately and may be required if you live in a flood zone.
What can I do to improve my low credit score?
Try to be extra vigilant with your finances. Paying bills on time, keeping your credit card balance low, and reducing your debt are all ways to improve your credit over time.
