The Best and Cheapest Homeowners Insurance Companies in Louisiana

Find the Cheapest Homeowners Insurance Quotes in Your Area

Currently insured?
{"id":10,"isAgeFieldVisible":true,"isInsuranceTypeFieldVisible":true,"isInsuredStatusFieldVisible":true,"customEventLabel":"","defaultZip":"","defaultProduct":"home","quoteWizardEndpoint":"https:\/\/quotes.valuepenguin.com","trackingKey":"_best-cheap-homeowners-insurance-lou","title":"Find the Cheapest Homeowners Insurance Quotes in Your Area","vendor":"vp"}

After looking at hundreds of quotes for homeowners insurance in Louisiana, we found that the best insurer for most homeowners is State Farm. This insurer combines a high customer satisfaction rating with costs that fall below Louisiana's statewide average of $1,568 per year for home insurance. Read our analysis of the best insurers in the state — or use the quote box above to see rates from local insurers in your area.

Best homeowners insurance companies in Louisiana

The cheapest insurance provider isn't always the best option for everyone. In Louisiana, floods and storms lead to costly homeowners insurance claims every year, making it important for you to find a company that's responsive in such situations. To find the "best" insurance providers in Louisiana, we compared not only prices but also customer satisfaction and coverage options from nine of the state's biggest insurers.

Best for most people: State Farm

In a state like Louisiana that can have unpredictable weather, State Farm's consistency is key.

Click here to read our full review of State Farm.

We found that State Farm's overall balance of affordability and service make it the best home insurance provider in Louisiana for most people. The average cost of a homeowners policy from State Farm is $1,568 per year, or $130 per month. This is about 2% lower than the state's average. Unlike Louisiana's smaller insurers, State Farm doesn't drastically upcharge in cities that border the Gulf or that sit on low-lying land. However, State Farm doesn't offer many discounts.

State Farm has the third best customer satisfaction in our study, with a score from the National Association of Insurance Commissioners (NAIC) of 0.57. This means that the insurance provider receives about 40% fewer complaints than a similar-sized company. This score could be due in part to the high number of agents State Farm employs, which makes it more likely that you'll have a local connection to help you in case of a claim.

State Farm supplements its local presence with its Premier Services Program, which connects you to nearby participating contractors who will remove water from your home and perform floor installation — repairs that each contractor guarantees for five years. If you live in a part of Louisiana that's subject to a high number of floods or hurricanes, it could be an advantage to work with State Farm.

Cheapest insurance provider: UPC

UPC has the cheapest insurance in Louisiana, and it offers private flood insurance for coastal homes.

Click here to read our full review of UPC

United P&C, or UPC, was the cheapest home insurance provider in our survey of quotes across Louisiana. With an average price of $682, UPC charges more than 50% less than Louisiana's statewide average. UPC's coverage is fairly standard, but it offers discounts if your plumbing system passes an inspection from a licensed plumber, and if you take measures to mitigate water damage to your house by upgrading your roof.

UPC also specializes in providing homeowners insurance to coastal states that might be affected by hurricanes and flooding. UPC equips you with extensive online resources to make sure you know how to protect yourself and your property from dangerous storms. Additionally, the company's upgraded packages allow you to purchase additional protection against water backups and for your appliances that could be damaged by a large storm.

While UPC offers flood insurance through the National Flood Insurance Program (NFIP), it also offers private flood insurance through AFS Edge. If you already plan to buy homeowners insurance from UPC, it could be easier to navigate a future claim process if you have your flood and homeowners insurance policies connected to the same provider.

Best customer service: Louisiana Farm Bureau

In terms of customer satisfaction, Louisiana Farm Bureau scored the best of all the insurers we measured. Louisiana Farm Bureau has a score of 0.06 on NAIC's complaint index. Although this company doesn't offer many discounts, it could be a good provider to check out if you have farmland or farming equipment to insure.

You might find the average price of homeowners insurance from Louisiana Farm Bureau unattractive. It had the highest price in our study, with an average cost of $3,065. This figure would rise even more if you had to buy a flood insurance policy — remember, your homeowners insurance doesn't cover damage from floods. The cost of Louisiana Farm Bureau's coverage can increase drastically if you own low-lying property, too. However, if you can find a cheaper policy in the north of the state, a policy from Louisiana Farm Bureau might be a good investment.

Best for buying insurance online: Allstate

Allstate's online form makes it quick to customize your homeowners insurance policy.

Click here to read our full Allstate review.

If you're looking for a quick way to buy homeowners insurance without visiting or speaking to an agent, you should consider Allstate. It takes less than eight minutes to get an online quote from Allstate. After you fill out the online form, Allstate quickens your wait time by pairing you with the best coverage based on your preferences for cost and protection. Also, if you're unsatisfied with this suggestion, you can manually adjust your coverage to find a price that works better before checking out.

The average price of homeowners insurance from Allstate is $1,265, which is about 20% less than a typical policy from Louisiana. You may receive discounts on your policy if you have multiple policies with Allstate, if you elect to make automatic payments, or if you update your home's roof. Additionally, the company's NAIC score in Louisiana is 1.14. This means Allstate receives only slightly more complaints than other companies its size.

Insurers with the best and worst customer service in Louisiana

To evaluate which homeowners insurance company in Louisiana has the best customer satisfaction, we checked the National Association of Insurance Commissioners (NAIC) complaint index. Unfortunately, most of the companies in our study didn't have J.D. Power scores, but these numbers are listed when applicable in the table below.

The companies in Louisiana with the best customer service overall were Louisiana Farm Bureau, ASI Lloyds and State Farm; while the companies with the worst customer service were Allstate, Lighthouse Property Insurance Corp and Maison.

CompanyIn-state complaint index (lower is better)J.D. Power (higher is better)
Louisiana Farm Bureau0.06n/a
ASI Lloyds0.32n/a
State Farm0.573/5
USAA0.585/5
Gulfstream P&C0.61n/a
UPC0.91n/a
Allstate1.143/5
Lighthouse Property Insurance Corp1.98n/a
Maison2.23n/a
Only companies with 1% market share or greater were included in this analysis. If a company had several underwriters, we combined them into one parent company

The cheapest options for homeowners insurance in Louisiana

We gathered quotes from nine of Louisiana's biggest insurance providers in every one of the state's ZIP codes. The most expensive insurance on average is provided by the Louisiana Farm Bureau and Lighthouse Property Insurance Corp. Although these insurers are priciest compared to the state's average of $1,568, the cost of your policy might vary based on your location. The cost of most homeowners policies often increase by a few hundred dollars for properties that are close to the Gulf of Mexico or that are located in low-lying areas.

Cost

Find the Cheapest Homeowners Insurance Quotes in Your Area

Currently insured?
{"id":4,"isAgeFieldVisible":true,"isInsuranceTypeFieldVisible":true,"isInsuredStatusFieldVisible":true,"customEventLabel":"","defaultZip":"","defaultProduct":"home","quoteWizardEndpoint":"https:\/\/quotes.valuepenguin.com","trackingKey":"_best-cheap-homeowners-insurance-lou","title":"Find the Cheapest Homeowners Insurance Quotes in Your Area","vendor":"vp"}

Most common homeowners insurance perils in Louisiana

Homeowners in Louisiana have higher chances of experiencing damaging floods and hurricanes. Flood insurance isn't included in a standard homeowners insurance policy. If you want to purchase How to Get Flood Insurance, you have to get a policy from the National Flood Insurance Program (NFIP). You may also buy insurance from a private company, though these aren't common. The average cost of a flood insurance policy from the NFIP is about $700 per year.

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

The good news is that your homeowners policy protects you from certain types of damage caused by natural disasters, including hurricanes. However, your policy can only compensate you for damage that wind inflicts on your property. This means you should still purchase flood insurance if you're close to the ocean, since a significant portion of hurricane damage comes from flooding.

Louisiana insurance rates: city-by-city breakdown

We calculated the cost of homeowners insurance in every city in Louisiana with a population of more than 10,000 people. If you're considering a move or want to see how your city compares to the prices in the rest of the state, check out this table.

New Orleans$2,76276%
Baton Rouge$1,237-21%
Shreveport$1,190-24%
Lafayette$1,282-18%
Lake Charles$1,6465%
Bossier City$1,177-25%
Kenner$2,72974%
Monroe$1,220-22%
Alexandria$1,106-29%
Houma$1,95825%
New Iberia$1,5630%
Central$1,232-21%
Slidell$1,97326%
Ruston$1,183-25%
Hammond$1,384-12%
Sulphur$1,476-6%
Natchitoches$1,282-18%
Gretna$2,54762%
Zachary$1,228-22%
Opelousas$1,263-19%
Youngsville$1,447-8%
Thibodaux$1,85218%
Pineville$1,131-28%
Baker$1,240-21%
Crowley$1,386-12%
Mandeville$1,89421%
West Monroe$1,216-22%
Abbeville$1,86219%
Minden$1,213-23%
Broussard$1,396-11%
Bogalusa$1,435-8%
DeRidder$1,235-21%
Gonzales$1,413-10%
Covington$1,471-6%
Morgan City$2,16938%
Denham Springs$1,279-18%
Eunice$1,283-18%
Bastrop$1,241-21%

Methodology

For our study, we gathered quotes from each of Louisiana's ZIP codes. We used a sample property that was built in 1979 and measured 2,100 square feet. The home was insured to Louisiana's median cost of a home, $162,500.

We obtained quotes for this home from nine of the largest providers in Louisiana: State Farm, Allstate, USAA, Louisiana Farm Bureau, ASI, United P&C, Lighthouse Property Insurance Corp, Maison, and Gulfstream Property and Casualty. Unfortunately, we excluded Liberty Mutual Insurance from our study due to technical limitations.

We then averaged the data for the entire state and for each ZIP code. For our city-specific examination, we chose one sample ZIP for each of Louisiana's cities with over 10,000 residents and calculated the average price of coverage.

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.

Comments and Questions

Editorial Note: The content of this article is based on the author’s opinions and recommendations alone. It has not been previewed, commissioned or otherwise endorsed by any of our network partners.