- Best home insurance companies in Louisiana: State Farm
- Cheapest home insurance companies in Louisiana: Progressive
- Average home insurance cost in Louisiana
- Louisiana home insurance rates by ZIP code
- Compare homeowners insurance rates by city in Louisiana
- Frequently asked questions about Louisiana home insurance
- Compare Louisiana homeowners insurance rates with other states
Best home insurance companies in Louisiana: State Farm
The best home insurance company in Louisiana for 2024 is State Farm. Allstate, Farmers and Progressive are among the top home insurance companies in Louisiana based on price, NAIC complaints, and AM Best financial ratings.
The total Insurance.com score is calculated out of five using these factors.
| Company | AM Best | NAIC complaint ratio | Insurance.com score | Average annual rate |
|---|---|---|---|---|
| State Farm | A++ | 0.83 | 4.66 | $5,049 |
| Allstate | A+ | 1.46 | 3.57 | $3,421 |
| Farmers | A | 0.67 | 3.14 | $4,759 |
| Progressive | A+ | 2.71 | 3.13 | $1,439 |
Cheapest home insurance companies in Louisiana: Progressive
Below are Louisiana home insurance rates by company for five different levels of dwelling coverage, each with $300,000 in liability and a $1,000 deductible.
Based on our analysis, Progressive is the cheapest home insurance company for all coverage levels. At $1,439 per year, Progressive offers the most affordable home insurance for $300,000 dwelling coverage, one of the most preferred coverage limits.
| Company | $200,000 | $300,000 | $400,000 | $600,000 | $1,000,000 |
|---|---|---|---|---|---|
| Progressive | $1,043 | $1,439 | $1,907 | $2,644 | $4,117 |
| USAA* | $2,305 | $3,094 | $3,836 | $5,297 | $8,192 |
| Allstate | $2,737 | $3,421 | $4,243 | $6,007 | $9,597 |
| Farm Bureau | $4,442 | $4,665 | $6,433 | $11,829 | $19,475 |
| Farmers | $3,667 | $4,759 | $6,238 | $11,061 | $19,565 |
| State Farm | $3,752 | $5,049 | $6,209 | $8,278 | $12,019 |
*USAA only provides coverage to military members, veterans and their families.
Average home insurance cost in Louisiana
The average cost of homeowners insurance in Louisiana is $3,594 a year or $299 a month. This is based on coverage of:
- $300,000 dwelling
- $300,000 liability
- $1,000 deductible.
- 2% hurricane deductible
However, the average annual premium varies by the insurance company, your ZIP code, coverage type, and your home's age, among other factors. It’s a good idea to compare price quotes from various Louisiana homeowners insurance companies to get the best deal.
Louisiana home insurance rates by ZIP code
Home insurance rates can vary widely depending on where the home is located. We compared home insurance rates by ZIP code in Louisiana to see which areas are the most and least expensive.
Enter your ZIP code and desired coverage level in the search box to see that area's average home insurance rate. You will also see the highest and lowest premiums from major home insurers. Comparing home insurance rates will give you an idea of how much you can save.
Home insurance calculator
Average home insurance rates in TexasMost & least expensive ZIP codes for homeowners insurance in Texas
Most expensive
| ZIP code | City | Highest rate |
|---|---|---|
| 77550 | Galveston | $10,164 |
| 77586 | El Lago | $9,906 |
| 77551 | Galveston | $9,536 |
| 77554 | Galveston | $9,358 |
Least expensive
| ZIP code | City | Lowest rate |
|---|---|---|
| 78559 | Iglesia Antigua | $1,956 |
| 78593 | Santa Rosa | $1,999 |
| 79915 | El Paso | $2,008 |
| 79905 | El Paso | $2,009 |
The Louisiana Department of Insurance says...
Named storm and hurricane deductibles typically run 2% to 5% of the insured property value. If a home has an insured value of $200,000 with a 5% hurricane deductible, the policyholder would pay $10,000 out of pocket before insurance coverage took effect. Details of these deductibles are listed on the declarations page of your policy.
- The Louisiana Department of InsuranceThe most expensive ZIP codes in Louisiana for home insurance
Louisiana homeowners insurance rates are the most expensive for ZIP code 70040 with an average annual cost of $5,383.
The most expensive ZIP codes in Louisiana are:
| ZIP code | Average annual rates |
|---|---|
| 70040 | $5,383 |
| 70036 | $5,378 |
| 70067 | $5,377 |
| 70037 | $5,370 |
| 70127 | $5,370 |
| 70128 | $5,367 |
The least expensive ZIP codes in Louisiana for home insurance
The cheapest ZIP codes for home insurance in Louisiana are:
| ZIP code | Average annual rate |
|---|---|
| 70659 | $2,121 |
| 71475 | $2,152 |
| 71443 | $2,156 |
| 71406 | $2,157 |
| 71359 | $2,160 |
| 70639 | $2,163 |
Compare homeowners insurance rates by city in Louisiana
Home insurance rates vary significantly across cities, influenced by various factors, including weather patterns, crime rates, and property values. You must consider these factors and compare quotes from different insurers to get the best deal on home insurance for your specific city in Louisiana.
City Annual insurance premium
Frequently asked questions about Louisiana home insurance
Do I need flood insurance in Louisiana?
Buying flood insurance if you live in Louisiana is wise, as homeowners insurance does not cover floods. Instead, you need to purchase a separate flood insurance policy.
The federal government underwrites most flood insurance policies in the U.S. under the National Flood Insurance Program. However, a handful of private insurers also offer flood policies.
Do I need windstorm insurance in Louisiana?
Hurricanes are a potential threat every year in Louisiana.
Louisiana is one of 19 states (plus the District of Columbia) with what is known as a "hurricane deductible." Also called a "percentage deductible," it differs from traditional types of deductibles and is potentially much costlier for the policyholder.
If you live near the coast, your homeowners policy likely excludes damage from windstorms and hurricanes entirely. It’s highly advised that you add this coverage to your policy.
What can I do if I can't get homeowners insurance in Louisiana?
Some property owners in Louisiana might find it difficult to secure homeowners insurance coverage in the private market. The Louisiana Citizens Property Insurance Corp. is the insurer of last resort in the state and offers policies to those who cannot get coverage elsewhere.
Where do I file a complaint against a Louisiana home insurance company?
If you have a dispute with your insurer, you can turn to the Louisiana Department of Insurance (LDI) for help. The department can investigate your complaint against an insurer, agent or adjuster.
The LDI also can help provide you with consumer information and, if necessary, enforce Louisiana insurance laws. Among other things, the department can help with questions about:
- Cancellation of a policy
- Nonrenewal of a policy
- Premiums you are being charged
- Unsatisfactory settlement of a claim
Compare Louisiana homeowners insurance rates with other states
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