State Farm offers the cheapest homeowners insurance in Louisiana, charging rates that average $177 a month. Home insurance is expensive in Louisiana, and this makes it important to shop around for the best rate. Our guide to Louisiana’s best homeowners insurance companies is designed to help you find the right coverage at the cheapest price.
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Cheapest homeowners insurance in Louisiana
Our analysis of insurance quotes for a typical home in every Louisiana ZIP code shows that State Farm’s average rate of $2,123 a year, or $177 a month, is cheapest statewide. Shelter and USAA tie for the next-cheapest rate, $209 a month.
| Company | Annual rate | Monthly rate |
|---|---|---|
| State Farm | $2,123 | $177 |
| State average | $2,420 | $202 |
| Shelter | $2,511 | $209 |
| USAA | $2,514 | $209 |
| Allstate | $2,532 | $211 |
| Note: Average rates are based on non-binding estimates provided by Quadrant Information Services. Your rates may vary. | ||
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Average costs of homeowners insurance in Louisiana
The average cost of homeowners insurance in Louisiana is $2,420 a year, or $202 a month, for a typical single-family home, not counting condominiums or mobile homes.
Louisiana’s home insurance rates are 14th highest in the nation and 27% higher than the national average of $1,903 a year, or $159 a month.
Insurance companies review several factors about you and your home to determine your insurance rate. The most significant include:
- The age, location and construction features of your home
- The coverage limits and deductibles you choose
- Your neighborhood’s exposure to severe weather
- Crime rates in your community
- Your insurance and credit history
- Any discounts you may be eligible to receive
Since insurance companies place different weights on each factor and offer different discounts, you may qualify for a considerably lower rate with one company than you do with others. This is why it’s best to compare quotes from multiple companies when you shop.
Insurance rates by deductible
Choosing a high deductible is one way to save on homeowners insurance. For example, increasing your deductible from $1,000 to $2,000 reduces the average price of home insurance in Louisiana by nearly 10%.
| Deductible amount | Average rate | Monthly rate |
|---|---|---|
| $500 | $2,649 | $221 |
| $1,000 | $2,420 | $202 |
| $1,500 | $2,295 | $191 |
| $2,000 | $2,188 | $182 |
| Note: Average rates are based on non-binding estimates provided by Quadrant Information Services. Your rates may vary. | ||
Since your home insurance deductible is the amount you spend on repairs or to replace lost or stolen property before insurance kicks in, you don’t want it to be too high. However, it’s generally best to choose one on the upper end of your comfort level.
In Louisiana’s coastal areas, insurance companies offer separate deductibles for windstorms, named storms and/or hurricanes. These separate deductibles are typically offered as a percentage of your policy’s dwelling limit.
If you insure your home for $200,000, a 5% windstorm deductible requires you to cover the first $10,000 in repairs to damage resulting specifically from wind. Your policy’s normal deductible applies to damage from other covered causes, such as a fire or fallen tree.
Insurance rates by dwelling coverage
The amount of dwelling coverage you need goes a long way toward determining your homeowners insurance rate. The average price of a policy with a $425,000 dwelling limit is 48% higher in Louisiana than it is for a home insured for $275,000.
| Dwelling limit | Annual rate | Monthly rate |
|---|---|---|
| $200,000 | $1,853 | $154 |
| $275,000 | $2,420 | $202 |
| $350,000 | $2,971 | $248 |
| $425,000 | $3,580 | $298 |
| $500,000 | $4,178 | $348 |
| Note: Average rates are based on non-binding estimates provided by Quadrant Information Services. Your rates may vary. | ||
Your dwelling limit is the maximum amount the insurance company pays to repair covered damage to your home.
If you have a mortgage, your lender is likely to require you to insure your home at its replacement value. This is the estimated cost of rebuilding it to its current specifications and quality grade, in the event of a total loss.
You can typically choose a lower dwelling limit if you own the home outright or have a low loan balance. However, doing so is rarely advisable.
Louisiana’s best homeowners insurance companies
USAA and Shelter have the best customer service scores among Louisiana home insurance companies. State Farm is best for saving money and Allstate has the best discounts.
Best customer service scores: USAA and Shelter
USAA has the highest customer satisfaction score among Louisiana home insurance companies from J.D. Power, while Shelter has the best complaint rating from the National Association of Insurance Commissioners (NAIC).
J.D. Power’s overall customer service index rankings are based on customer surveys rating home insurers on interaction, policy offerings, price, billing process, policy information and claims.
USAA’s score of 884, on a 1,000-point scale, is highest among Louisiana’s home insurance companies. State Farm’s score of 829 is next best.
| Company | Overall customer satisfaction score |
|---|---|
| USAA | 884 |
| State Farm | 829 |
| Segment average | 819 |
| Allstate | 815 |
| Shelter | Not rated |
| Source: J.D. Power 2022 U.S. Home Insurance Study | |
The NAIC Complaint Index compares insurance companies by confirmed complaints, which are those that lead to a finding of fault. A company with a 2.0 Complaint Index rating has twice as many confirmed complaints as expected for its size. A company with 0.5 rating has half as many.
Shelter’s 0.15 complaint rating is lowest, or best, among Louisiana home insurance companies, followed by USAA, 0.2, and State Farm, 0.32.
| Company | Complaint Index rating |
|---|---|
| Shelter | 0.15 |
| USAA | 0.2 |
| State Farm | 0.32 |
| Allstate | 0.67 |
| Source: National Association of Insurance Commissioners (2021 data) | |
Best for saving money: State Farm
With rates that are 12% lower than the state average, State Farm is the best choice for saving money on homeowners insurance in Louisiana. You can save even more when you bundle your car insurance with a State Farm homeowners policy.
In addition to low rates, State Farm also has favorable customer service ratings, which reflect its ability to live up to expectations for most customers.
Low rates and quality customer service are among the key factors that have helped make State Farm Louisiana’s largest homeowners insurance company, with a 26% share of total premiums statewide. Allstate, the state’s second-largest home insurer, has 11% market share.
Best discounts: Allstate
Although other Louisiana home insurance companies have cheaper rates, Allstate’s discounts may save you money in other ways. For example, if you switch to Allstate with no recent home insurance claims, you may qualify for a claim-free discount of up to 20%.
If you avoid claims after switching to Allstate, the company’s Deductible Rewards program, available in its Enhanced Package program, knocks $100 off your deductible each year. If you do have to file a claim, the company’s Claim RateGuard feature protects you from a future rate increase.
Louisiana home insurance rates by city and parish
Among Louisiana’s largest cities, home insurance rates range from $160 a month in Baton Rouge and Lafayette to $306 a month in Kenner. The average price of home insurance in New Orleans is $294 a month.
| City | Annual rate | Monthly rate |
|---|---|---|
| Alexandria | $2,179 | $182 |
| Baton Rouge | $1,919 | $160 |
| Bossier City | $2,213 | $184 |
| Kenner | $3,676 | $306 |
| Lafayette | $1,916 | $160 |
| Lake Charles | $2,176 | $181 |
| Metairie | $3,477 | $290 |
| Monroe | $2,210 | $184 |
| New Orleans | $3,525 | $294 |
| Shreveport | $2,300 | $192 |
| Note: Average rates are based on non-binding estimates provided by Quadrant Information Services. Your rates may vary. | ||
Cheapest home insurance in New Orleans
State Farm has the cheapest home insurance in New Orleans, charging rates that average $129 a month. Shelter has the next-cheapest rate in New Orleans, $275 a month.
| Company | Annual rate | Monthly rate |
|---|---|---|
| State Farm | $1,548 | $129 |
| Shelter | $3,304 | $275 |
| Allstate | $4,434 | $369 |
| USAA | $4,816 | $401 |
| Note: Average rates are based on non-binding estimates provided by Quadrant Information Services. Your rates may vary. | ||
Cheapest home insurance in Baton Rouge
State Farm offers the cheapest rate in Baton Rouge, $138 a month. State Farm’s rate in the state’s second-largest city is only slightly lower than Shelter’s average rate of $144 a month.
| Company | Annual rate | Monthly rate |
|---|---|---|
| State Farm | $1,662 | $138 |
| Shelter | $1,730 | $144 |
| USAA | $2,093 | $174 |
| Allstate | $2,193 | $183 |
| Note: Average rates are based on non-binding estimates provided by Quadrant Information Services. Your rates may vary. | ||
Cheapest home insurance in Shreveport
USAA has the cheapest home insurance in Shreveport, charging rates that average $137 a month citywide. USAA is only available to current and former members of the military and their families.
The next-lowest rates in Shreveport are available from Allstate, $144 a month, and State Farm, $221 a month.
| Company | Annual rate | Monthly rate |
|---|---|---|
| USAA | $1,648 | $137 |
| Allstate | $1,727 | $144 |
| State Farm | $2,656 | $221 |
| Shelter | $3,170 | $264 |
| Note: Average rates are based on non-binding estimates provided by Quadrant Information Services. Your rates may vary. | ||
Average home insurance rates in Louisiana’s parishes
Among Louisiana’s largest parishes, home insurance rates range from $160 a month in Lafayette Parish to $296 a month in Orleans.
| Parish | Annual rate | Monthly rate |
|---|---|---|
| Caddo | $2,298 | $192 |
| Calcasieu | $2,201 | $183 |
| East Baton Rouge | $1,930 | $161 |
| Jefferson | $3,288 | $274 |
| Lafayette | $1,914 | $160 |
| Livingston | $2,160 | $180 |
| Orleans | $3,554 | $296 |
| Ouachita | $2,209 | $184 |
| St. Tammany | $2,179 | $182 |
| Tangipahoa | $2,259 | $188 |
| Note: Average rates are based on non-binding estimates provided by Quadrant Information Services. Your rates may vary. | ||
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Home insurance for Louisiana’s hurricanes and floods
The threat of hurricanes, tropical storms and other extreme weather events in Louisiana make it important to consider flood insurance and make sure you have the right windstorm protection.
Louisiana flood insurance
Since standard home insurance does not cover floods or storm surges, you need separate flood insurance for financial protection from this risk.
Most flood insurance is purchased through the National Flood Insurance Program (NFIP), which is managed by the Federal Emergency Management Agency (FEMA). However, a few private companies also offer flood insurance.
If your home is located in a high-risk flood zone, your lender is likely to require flood insurance in addition to standard home insurance. Flood insurance is also available on an optional basis if you don’t have a mortgage and/or your home is in a low- or moderate-risk area.
If you’re not sure of your home’s flood risk, or the flood risk of a home you want to buy, you can look it up online. Just visit the Flood Map Service Center on FEMA’s website.
NFIP flood insurance provides up to $250,000 in building coverage for your home and up to $100,000 in contents coverage for your belongings.
The average price of NFIP flood insurance in Louisiana is $745 a year, or $62 a month.
Some private flood insurance companies offer higher coverage limits and/or additional coverages, such as loss of use. Loss of use covers temporary living expenses if flood damage leaves your home uninhabitable during repairs.
Louisiana windstorm insurance
Wind damage is covered by standard homeowners insurance in most parts of Louisiana, but you may need a separate windstorm policy if you live near the Gulf Coast.
The high risk and costs of wind damage along the coast has prompted many insurance companies to exclude wind damage from their standard policies. Windstorm coverage is offered on a standalone basis in areas where insurance companies exclude wind damage from standard home insurance.
If you're having trouble qualifying for windstorm coverage from a private company, contact Louisiana Citizens Insurance. The nonprofit insurance company was created by the state to provide coverage for homes that private companies consider too risky to insure.
Frequently asked questions about Louisiana home insurance
On average, homeowners insurance in Louisiana costs $202 a month for a typical home. However, prices vary widely by location. For example, rates average $160 a month in Baton Rouge and Lafayette, while rates in New Orleans average $294 a month.
State Farm generally has the best homeowners insurance rates in Louisiana. State Farm has the lowest average rates statewide and in four of the state’s five largest cities. However, USAA and Allstate have the best homeowners insurance rates in Shreveport.
Homeowners insurance is not required by state law in Louisiana, but if you have a mortgage your lender is likely to require you to insure your home. Lenders also require flood insurance for homes in high-risk flood zones.
Methodology
The rates shown in this article are based on an analysis of more than 98,000 insurance quotes for a typical home in every Louisiana ZIP code, not counting condominiums or mobile homes. Unless otherwise noted, prices reflect the estimated cost of HO-3 policies with the following coverages, limits and deductibles:
- Dwelling: $275,000
- Other structures: $27,500
- Personal property: $137,500
- Loss of use: $55,000
- Personal liability: $100,000
- Guest medical payments: $5,000
- Deductible: $1,000
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