Best and Cheapest Home Insurance Companies in Louisiana

Best cheap home insurance in Louisiana

Cheapest home insurance in Louisiana

State Farm offers the cheapest home insurance quote in Louisiana, with an average rate of $1,172 per year. That’s $514 cheaper per year than the state average.

The cost of most Louisiana homeowners policies often increases by a few hundred dollars for properties that are close to the Gulf of Mexico or that are located in low-lying areas prone to flooding.

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Cheap annual home insurance rates in Louisiana

Best overall home insurance in Louisiana: Allstate

Allstate is the best insurance option for most homeowners in Louisiana because of its low rates and discounts on bundling for multiple policies.

Allstate's rates are the second cheapest in Louisiana, at $1,333 per year, or $111 per month. That's $353 cheaper than the state average of $1,686 per year. Customers also have convenient access to over 12,000 insurance agents nationwide and easy online support access.

You can save up to 25% on your home policy when you combine home and car insurance with Allstate. The company also provides an abundance of other discounts like not making claims or paying your bill on time.

However, Allstate's customer service is below average, with the company receiving a 1.27 score in the Complaint Index from the National Association of Insurance Commissioners. This means that Allstate gets 27% more complaints from customers than expected, given its size.

Best hurricane coverage: State Farm

The cheapest home insurance policy in Louisiana for hurricane and severe storm damage is State Farm, with an average rate of $1,485 per year, or $124 per month. This is $562 cheaper than the average rate for hurricane coverage at $2,047 per year in Louisiana.

Since there is no set "hurricane insurance," State Farm policies combine the coverage that's most important to protect from damage caused by hurricanes, tornadoes or hail storms. State Farm also makes it easy to file a claim online if you've suffered a covered loss from a hurricane through its online service. In 2021, Louisiana was the top state to file claims for hurricane damage, resulting in $866 million in claims paid to help repair and rebuild.

There's one caveat: State Farm policies may have a separate — and typically higher — hurricane deductible for any damage caused by a hurricane. A hurricane deductible is a common practice among many insurance companies, especially in states like Louisiana. It means you might pay a higher deductible out of pocket for hurricane-related damage.

State Farm also doesn't offer many discounts to help you save, only typical discounts like bundling policies or having home security features.

However, State Farm has dependable customer service. Its largest subsidiary in Louisiana had a low rate of customer complaints through the NAIC in 2021, indicating strong customer service.

Best for military families: USAA

USAA is the best home insurance company for active and reserve U.S. service members in Louisiana. The company provides excellent military-specific benefits, like waived deductibles on claims for issued gear and coverage on your personal belongings while in an active war zone. Both are perks that most insurance companies don't provide.

USAA also holds an impressive Complaint Index of 0.50 from the NAIC, meaning the company gets 50% fewer complaints than insurers of a similar size.

The only downside is that USAA home insurance rates are a little higher than most companies in Louisiana. The average rate is $1,950 per year, or $163 per month. This is $264 higher than the average rate of $1,686 per year in Louisiana.

Only active, reserve and retired military service members and family members are eligible for coverage.

Louisiana insurance rates by city

Homer is the cheapest city for home insurance in Louisiana, with an average rate of $1,300 per year, which is 23% cheaper than the state average of $1,686 per year.

Grand Isle is the most expensive city for home insurance in Louisiana, with an average rate of $3,077 per year, which is 82% more expensive than the state's average rate of $1,686 per year. Grand Isle is Louisiana's only inhabited barrier island off the shoreline in the Gulf of Mexico, making it a hotspot for tropical storms and hurricanes.

Best home insurance companies in Louisiana

State Farm and USAA are the best-rated home insurance companies in Louisiana. State Farm offers the cheapest average home insurance and cheapest hurricane insurance rates for most homeowners, as well as the lowest customer complaint score compared to other companies in the state. USAA boasts excellent customer satisfaction scores, as well as unique benefits for military members and their families.

Common home insurance risks in Louisiana

Louisiana gets a great deal of rainfall due to its subtropical climate. Surrounded by the Mississippi River to the west and the Gulf of Mexico to the south, its low-lying land makes Louisiana homes susceptible to floods. Louisiana's history of floods and strong hurricanes — more than two dozen since 2000 — make flood insurance a necessity for every homeowner in the state.

Your home insurance policy won't protect you from flood damage. The good news is that your policy protects you from certain types of damage caused by natural disasters, including hurricanes.

Is wind damage from a hurricane covered by home insurance?

Wind damage is common in Louisiana from the abundance of hurricanes and tropical storms that travel up the Gulf Coast. Most home insurance policies cover wind damage, but some policies like State Farm add a separate deductible for hurricane damage. Check your policy to see what causes of wind damage are covered.

Is flooding covered by home insurance?

Homeowners in Louisiana have a higher chance of experiencing floods and hurricanes than others nationwide. If you want to have flood insurance, you have to buy a separate policy, most commonly from the National Flood Insurance Program (NFIP). The average cost of a flood insurance policy from the NFIP is about $700 per year, and tops out at $250,000 in property damage coverage. You can also buy insurance from a private company, which may be a good idea if you have a home that would be more than $250,000 to rebuild.

Frequently asked questions

Methodology

We collected home insurance quotes for every ZIP code across the state of Louisiana from the state's largest home insurance companies. Our sample home insurance profile was for a home built in 1979 with $163,100 of dwelling coverage, which is based on the average Louisiana home, according to the latest U.S. Census Bureau data.

ValuePenguin's analysis used insurance rate data from Quadrant Information Services. These rates were publicly sourced from insurer filings and should be used for comparative purposes only — your own quotes may be different.

We ranked each company's customer service scores by comparing the National Association of Insurance Commissioners (NAIC) Complaint Index, J.D. Power's home insurance customer satisfaction rankings and our ValuePenguin editor's ratings.