Average homeowners insurance cost in Louisiana

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Whether you’re buying a new home or safeguarding the one you already own, it’s important to have comprehensive homeowners insurance. However, the amount you’ll pay depends on the insurance company and the coverage limits you choose.

Homeowners insurance in Louisiana costs an average of $3,576 a year, according to Insure.com’s study.

Read this guide to learn more about the average homeowners insurance rates in Louisiana by insurance company and ZIP code.

Average home insurance cost in Louisiana by coverage level

In Louisiana, the annual homeowners insurance cost is $3,576, on average for the limits of $100,000 in liability, $300,000 in dwelling coverage and a $1000 deductible.

Increasing your dwelling coverage from $300,000 to $400,000 will raise your annual homeowners insurance premium to $3,355 in Louisiana, with $100,000 in liability protection and a $1,000 deductible. Below are the average costs for homeowners insurance in Louisiana based on dwelling coverage limits of $300,000, $400,000, and $500,000.

In Louisiana, homeowners insurance companies set rates by assessing various risk factors. Your location, claims history and coverage limit all affect your premium.

If multiple claims have been filed in your neighborhood over the past few years, you’ll likely face higher home insurance rates than areas with fewer claims.

Best homeowners insurance companies in Louisiana

Before purchasing homeowners insurance, it’s important to compare rates and explore your options. Several factors play a role in choosing the best homeowners insurance company for your specific needs.

We evaluated insurance companies in Louisiana based on their NAIC scores and AM Best ratings to create a list of the top homeowners insurance providers in the state. Our findings show that State Farm received the lowest NAIC score and A++ rating from AM Best. A lower NAIC score indicates fewer complaints relative to the company’s size, suggesting higher customer satisfaction.

Average homeowners insurance cost by company in Louisiana

Progressive offers the most affordable homeowners insurance in Louisiana, at an average annual premium of $1,429, followed by Allstate and State Farm.

You can save hundreds — if not thousands — of dollars each year if you shop around for homeowners insurance.

Here are the average annual and monthly insurance rates for Louisiana homeowners for a policy with $300,000 dwelling coverage and $100,000 liability protection with a $1,000 deductible.

Louisiana homeowners insurance rates by ZIP code

Insurance companies in Louisiana assess the risk associated with a specific location. ZIP codes prone to higher crime rates or frequent natural disasters are often classified as high-risk areas, which can lead to increased insurance premiums. The cost of rebuilding or repairing homes in a specific ZIP code can also impact how much you pay for a homeowners insurance policy.

Make sure you shop around and compare quotes from various insurance companies to get the best deal on homeowners insurance rates in Louisiana. Don’t forget to ask about any available discounts, such as bundling policies or a smart home discount.

Most affordable ZIP codes for home insurance rates in Louisiana

Home insurance costs vary across different areas in Louisiana. What you pay for homeowners insurance depends on several factors, including your ZIP code. According to our data, the 71440 ZIP code has the lowest home insurance rates in Louisiana, at $2,737 annually or $228 per month.

Here are the homeowners insurance rates for some of the most affordable ZIP codes in Louisiana.

Most expensive ZIP codes for home insurance rates in Louisiana

Your ZIP code plays a significant role in determining the cost of your homeowners insurance. In Louisiana, some areas face higher premiums due to factors like high crime rates, greater risk of natural disasters and higher living expenses.

In Louisiana, 70358 has the highest homeowners insurance rates, at $10,963 per year.

Here, we’ve highlighted some of the most expensive ZIP codes in Louisiana for homeowners insurance:

Home insurance rates vary from one city to another. But with Insure.com, finding the right home insurance policy is easy. Learn more about homeowners insurance costs for different cities below.

Home insurance rate trend in Louisiana

We analyzed home insurance rate trends in Louisiana and found that homeowners insurance rates experienced an overall increase of 3% or $112, from 2022 to 2023.

The following data highlights the changes in homeowners insurance rates since 2019.

Finding the right homeowners insurance requires thorough research and comparing rates from different insurers, as each has its own way of assessing risk. By gathering quotes from at least three companies, you can increase your chances of getting the most affordable coverage in Louisiana.

Resources & methodology

Source

S&P Global. “US homeowners insurance rates jump by double digits in 2023.” Accessed September 2024.

Methodology

Insure.com worked with Quadrant Information Service to get homeowners insurance data. We analyzed 20,739,560 insurance quotes from 82 national and regional insurance companies across 34,588 ZIP codes to determine the average premiums.

The insurance rates are based on a sample profile of a homeowner with good credit and the following coverage level:

• $300,000 dwelling coverage
• $100,000 liability protection
• $1000 deductible

We have taken into account 3 important factors such as average annual cost, NAIC score and AM Best rating, to determine the list of best homeowners insurance companies. The quoted insurance rates are for comparison purposes, and your individual rates may vary.

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Shivani Gite

Contributing Writer

 

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Shivani Gite is a personal finance and insurance writer with a degree in journalism and mass communication. She is passionate about making insurance topics easy to understand for people and helping them make better financial decisions.

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