Louisiana Homeowners Insurance

Louisiana homeowners insurance rates average at $96 per month. You can find cheaper rates by comparison shopping online. Enter your ZIP code below to start comparing quotes from Louisiana home insurance companies near you for free. Depending on the level of coverage you need, you may have to pay a higher premium for better coverage.

Free Insurance Comparison

 Secured with SHA-256 Encryption

Natasha McLachlan is a writer who currently lives in Southern California. She is an alumna of California College of the Arts, where she obtained her B.A. in Writing and Literature. Her current work revolves around insurance guides and informational articles. She truly enjoys helping others learn more about everyday, practical matters through her work.

Full Bio →

Written by

Laura Walker graduated college with a BS in Criminal Justice with a minor in Political Science. She married her husband and began working in the family insurance business in 2005. She became a licensed agent and wrote P&C business focusing on personal lines insurance for 10 years. Laura serviced existing business and wrote new business. She now uses her insurance background to help educate...

Full Bio →

Reviewed by Laura Walker
Former Licensed Agent

UPDATED: Nov 11, 2020

Advertiser Disclosure

It’s all about you. We want to help you make the right coverage choices.

Advertiser Disclosure: We strive to help you make confident insurance decisions. Comparison shopping should be easy. We are not affiliated with any one insurance company and cannot guarantee quotes from any single insurance company.

Our insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different insurance companies please enter your ZIP code above to use the free quote tool. The more quotes you compare, the more chances to save.

Editorial Guidelines: We are a free online resource for anyone interested in learning more about insurance. Our goal is to be an objective, third-party resource for everything insurance related. We update our site regularly, and all content is reviewed by insurance experts.

Louisiana homeowners insurance rates average at $1,155/yr ($96/mo). That amount includes coverage for the dwelling, other structures, your personal possessions, and the possibility that you will lose the use of all or part of the home because of a named peril.

As the home owner, you need to understand these sections and have a working knowledge of the perils Louisiana homes face on a regular basis:

  1. Dwelling
    Dwelling coverage protects the home and any structures which are permanently affixed to it. A large portion of your home insurance policy pertains to the dwelling coverage, including the frame, roof, electrical and plumbing. If the home has a garage that is built into the main dwelling, the garage is part of the dwelling. If it is not permanently attached, it is an “other structure.”
  2. Other Structures
    Other structures are any buildings or constructions that are not attached to the primary dwelling. This might include a boat house, a pump house, a fence or a utility shed. Even though the other structures portion of your policy is secondary to the dwelling portion, you may have several different other structures, but there will only be a single dwelling.
  3. Personal Property
    Personal property relates to the items you own, in the dwelling or elsewhere on the insured property. Just about everything you own will be part of the personal property section of your coverage, including your wardrobe, appliances and furniture.
  4. Loss of Use
    If you cannot use all or part of the home due to a named peril, such as a fire, then you can save the receipts for all expenses related to that loss of use and get reimbursed by your insurance company. This might include paying for a room to stay in, eating at restaurants or even such incidental things as going to the local laundry mat to wash your clothing.

Average Louisiana Homeowner Insurance Rates vs. US

Source: USCB

Cheaper Louisiana Home Insurance

Each year, 10.02 out of every 1000 people in Louisiana are the victims of burglaries alone, not including vandalism and other common crimes. You may not be able to prevent all of these crimes from happening, but you can reduce the risks by taking a proactive stance on home security and paying close attention to the risks associated with you and your home.

  • Home Security
    Among the things you can do to make your home more secure, there are also strategies that will save you money on home insurance as well. A security system is one of them, especially when it is monitored 24 hours a day by an outside company. Another one is to install special locks called deadbolts on the doors that lead into the home from the garage or outside. And putting up a fence is worthy of a discount too. While these tips all cost money to do, the cost is negligible when compared to the frustration of having your home burglarized or the cost of paying extra for home insurance for an undetermined number of years.
  • Reduce Insurance Risks
    Just as the fence around your property makes the home more secure, putting one around your pool will reduce the liability risks. You can also reduce the risks faced by your home if you are a non-smoker or quit smoking. Cigarettes are responsible for a large number of house fires each year and insurance companies will offer discounts to those who give up the habit, even if home insurance is not your primary reason for doing so.
  • Credit Score and Insurance Risk
    Credit scores are how insurance companies determine the financial risk of the policyholder. People with a low credit score will have to pay more for insurance because they have a history of missed payments, late payments and generally not putting their financial future first.

Home Characteristics Affecting Louisiana Insurance Rates

Not only do the perils faced by your home affect your premiums, the age and value of it play a part as well. In Louisiana, the average home price is $135,400, and the average age of the homes is somewhere around 33 years. However, if you perform regular maintenance on your home you reduce the costs of insurance by making the home less risky to insure.

Local Natural Disasters Louisiana Homeowners Should Consider Protecting Against

Louisiana is subject to experience tropical storms, hurricanes, fires, floods and severe weather such as hail and lightning. As the homeowner, you would be well advised to make sure that you have plenty of insurance for most of the named perils, or you could find out that your claim is settled but the money you receive is not enough to pay for the damage sustained.

  • Earthquakes
    Ranked at 40 out of 51, Louisiana is near the bottom of the earthquake danger list. You should not need to purchase any additional coverage to account for the possibility of an earthquake or other movement of the earth.
  • Flood
    Louisiana residents filed 1,963 claims in 2009, among the top three states with the most claims. Because the risk of flooding is so high, traditional insurance providers may not offer flood coverage for your home, which means you can either purchase the coverage from a high risk insurance company or contact your state Department of insurance to find out where and how to contact the FAIR plan in your state. FAIR is a high risk insurance pool that all insurance companies who sell home policies in the state must participate in. So instead of purchasing a high risk policy from one company, you are effectively buying the policy from all of them.
  • Hail
    Hail is a frequent peril in Louisiana and the damage associated with it is covered under the wind storm portion of your standard insurance policy.
  • Hurricanes
    Hurricanes are frequent in Louisiana. In some cases, hurricane damage may be excluded from coverage, even though most hurricane damage is related to the named and covered perils. If this happens, you can still purchase coverage through the same FAIR plan where your flood insurance was purchased.
  • Tornadoes
    At 83 tornadoes a year, Louisiana has just enough twisters to cause homeowners to be concerned. However, unless tornadoes are excluded from your policy specifically, they are considered wind storms and the damage they cause is covered by a standard homeowner’s policy, so you probably do not need to seek additional insurance for this peril.
  • Wildfires
    Wildfires can happen in any state and 74,749 wildfires affect our country each year. The good news, considering how frequent such fires are, is that the standard home insurance policy includes coverage for fire damage, including damage from wildfires. There is a slight chance that wildfires are excluded from your policy, but it is not a likely event.

Louisiana Homeowners Insurance Optional Coverages

Personal injury coverage is part of a standard policy, but the default coverage may not be sufficient for major injuries or to protect you from lawsuits. To get the right amount of coverage, you can either increase your limits or purchase an umbrella liability policy that can be used as liability coverage for many different policies. Another area where coverage often falls short is with personal property coverage. If you have more than a few thousand dollars worth of belongings, and most people do, then it is a good idea to raise your limits to a value that covers everything.

Important Contact Information

Louisiana Department of Insurance
Post Office Box 94214
Baton Rouge, LA 70804
Phone: (225) 342-5900
Website

Home Insurance Guides for Nearby States

Louisiana Insurance Agents

New Orleans Home Insurance | Baton Rouge Home Insurance | Shreveport Home Insurance | Lafayette Home Insurance | Lake Charles Home Insurance | Bossier City Home Insurance | Kenner Home Insurance | Monroe Home Insurance | Alexandria Home Insurance | Houma Home Insurance | New Iberia Home Insurance | Central Home Insurance | Slidell Home Insurance | Ruston Home Insurance | Hammond Home Insurance | Luling Home Insurance | Opelousas Home Insurance

Free Insurance Comparison

Compare quotes from the top insurance companies and save!

 Secured with SHA-256 Encryption