Best homeowners insurance in Louisiana (2024)

We looked at average costs, customer service ratings, and policy options from multiple top insurers to find the best and cheapest home insurance companies in Louisiana.

Headshot of Jennifer Gimbel

By

Jennifer GimbelSenior Managing Editor & Home Insurance ExpertJennifer Gimbel is a senior managing editor at Policygenius, where she oversees all of our insurance coverage. Previously, she was the managing editor at Finder.com and a content strategist at Babble.com.

Edited by

Pat HowardPat HowardManaging Editor & Licensed Home Insurance ExpertPat Howard is a licensed insurance expert and managing editor at Policygenius. Pat has written extensively about the home insurance industry and his insights as a subject matter expert have appeared in several top tier publications, including The New York Times, The Wall Street Journal, CNBC, and Reuters. Pat has a bachelor's degree in journalism from Michigan State University.
|

Reviewed by

Michael Reynolds, CSRIC®, AIF®, CFT-I™Michael Reynolds, CSRIC®, AIF®, CFT-I™Financial AdvisorMichael Reynolds, CSRIC®, AIF®, CFT-I™, is a financial advisor, principal and founder of Elevation Financial, host of the weekly personal finance podcast Wealth Redefined®, and a member of the Financial Review Council at Policygenius.

Updated|4 min read

Expert reviewedExpert reviewedThis article has been reviewed by a member of ourFinancial Review Council to ensure all sources, statistics, and claims meet the highest standard for accurate and unbiased advice.Learn more about oureditorial review process.

Policygenius content follows strict guidelines for editorial accuracy and integrity. Learn about our editorial standards and how we make money.

As hurricanes continue to batter the Gulf coast year after year, homeowners insurance is becoming increasingly important to the residents of Louisiana. Not only is it important to have a strong policy anywhere in the state, but additional flood insurance is required in high-risk areas as well. 

Compare home insurance rates in Louisiana

We don't sell your information to third parties.

Compare the best homeowners insurance companies in Louisiana

Based on Policygenius' analysis of the most widely available insurance companies in the state, State Farm, Farmers, Allstate, The Hanover, and Citizens are Louisiana's best homeowners insurance companies in 2023.

Company

Best for...

Average monthly cost

Policygenius rating

State Farm

Overall

$183

4.8 out of 5

Farmers

Flood insurance through the NFIP

$344

4.5 out of 5

Allstate

Low rates & claims-free rewards

$190

4.4 out of 5

The Hanover

Lots of coverage options

$198

4.3 out of 5

Louisiana Citizens Property Insurance

High-risk homes

N/A

2.6 out of 5

Methodology & why you can trust our rates

Policygenius has analyzed home insurance rates provided by Quadrant Information Services in March 2022 for ZIP codes in all 50 states plus Washington, D.C., for a 40-year-old female homeowner with no claim history, good credit, a $1,000 deductible, and the following coverage limits:

  • Dwelling: $300,000

  • Other structures: $30,000

  • Personal property: $150,000

  • Loss of use: $60,000

  • Liability: $300,000

  • Medical: $1,000

All rates based on the above coverage limits except where otherwise noted.

Some carriers may be represented by affiliates or subsidiaries. Rates provided are a sample of costs. Your actual quotes may differ.

Best overall home insurance company in Louisiana: State Farm

award icon

2024 Policygenius award winner

State Farm

State Farm logo

Policygenius rating 

Our proprietary rating methodology takes multiple factors into account, including customer satisfaction, cost, financial strength, and policy offerings. See the "methodology" section for more details.

Full orange starFull orange starFull orange starFull orange starHalf orange star

4.8

AM Best rating 

AM Best is a global credit rating agency that scores the financial strength of insurance companies on a scale from A++ (Superior) to D (Poor).

A++

Cost 

Using a mix of internal and external rate data, we grade the cost of each insurance company's premiums on a scale from least expensive ($) to most expensive ($$$$$).

$

$

$

$

$

Bundle home & auto

Offers extended replacement cost

Offers flood insurance

Offers earthquake insurance

Wind/hail deductible

Offers wildfire insurance

Why we chose itchevron icon

State Farm home insurance is one of the best home insurance companies in Louisiana thanks to its statewide availability, large selection of policy options for most home types, high customer service marks, and industry-best financial stability ratings.

Pros and conschevron icon

Pros

  • High customer satisfaction and financial strength ratings

  • Top-tier coverage add-ons, including extended replacement cost coverage

  • Offers large discounts when you bundle your home and auto insurance

Cons

  • 20% more complaints filed with the NAIC than other companies of its size

  • No discounts for first-time homebuyers

More detailschevron icon

Why we chose State Farm

At a time when lots of competitors are no longer insuring homes in areas prone to wildfires and hurricanes, State Farm continues to offer its relatively affordable and highly-rated home insurance to homeowners in most parts of the country, including Louisiana.

And it doesn't skimp on coverage, offering flood, wildfire, and earthquake protection — one of few competitors that offers all three insurance policies to homeowners in many high-risk states.

Plus, while many competitors don't have the financial strength to pay out claims after several natural disasters in the same year, State Farm isn't one of them. It earns the highest rating possible from AM Best for financial strength and stability — only six insurance companies out of nearly 70 we reviewed hold this title.

How much does State Farm home insurance cost?

The average cost of State Farm home insurance in Louisiana is $2,197 per year, which is about 10% cheaper than the city average of $2,452 per year.

How to get a quote

Online through State Farm

Best for flood insurance through the NFIP: Farmers

award icon

2024 Policygenius award winner

Farmers

Farmers Insurance logo

Policygenius rating 

Our proprietary rating methodology takes multiple factors into account, including customer satisfaction, cost, financial strength, and policy offerings. See the "methodology" section for more details.

Full orange starFull orange starFull orange starFull orange starHalf orange star

4.5

AM Best rating 

AM Best is a global credit rating agency that scores the financial strength of insurance companies on a scale from A++ (Superior) to D (Poor).

A

Cost 

Using a mix of internal and external rate data, we grade the cost of each insurance company's premiums on a scale from least expensive ($) to most expensive ($$$$$).

$

$

$

$

$

Offers extended replacement cost

Bundle home & auto

Smart home discounts

Why we chose itchevron icon

Farmers is one of the best home insurance companies in Louisiana thanks to its wide array of coverage options, including flood insurance through the National Flood Insurance Program.

Pros and conschevron icon

Pros

  • Flood insurance through the NFIP is available

  • Receives few complaints from policyholders and has a high claims satisfaction score

  • Optional extended or guaranteed replacement cost dwelling coverage

Cons

  • Below-average scores on J.D. Power’s overall customer satisfaction and digital experience surveys

  • Rates are 68% more expensive than the statewide average

More detailschevron icon

Why we chose Farmers

Farmers is one of the best home insurance companies in Louisiana, especially if you want to add flood insurance protection through the National Flood Insurance Program (NFIP). Additional coverages you can also add on to your Farmers policy include guaranteed or extended replacement cost coverage, water backup protection, and a personal articles floater.

Farmers also earned a high score in J.D. Power’s 2022 claims satisfaction study (though it scored below average on J.D. Power’s overall customer satisfaction and digital experience surveys). Plus, Farmers receives fewer complaints than average, according to the National Association of Insurance Commissioners.

How do Farmers home insurance rates compare to the average in Louisiana?

The average cost of Farmers home insurance in Louisiana is $4,129 per year, which is 68% more expensive than the state's average annual premium of $2,452 per year.

How to get a quote

Online through Farmers

Best for low rates & claims-free rewards: Allstate

award icon

2024 Policygenius award winner

Allstate

Allstate logo

Policygenius rating 

Our proprietary rating methodology takes multiple factors into account, including customer satisfaction, cost, financial strength, and policy offerings. See the "methodology" section for more details.

Full orange starFull orange starFull orange starFull orange starHalf orange star

4.5

AM Best rating 

AM Best is a global credit rating agency that scores the financial strength of insurance companies on a scale from A++ (Superior) to D (Poor).

A+

Cost 

Using a mix of internal and external rate data, we grade the cost of each insurance company's premiums on a scale from least expensive ($) to most expensive ($$$$$).

$

$

$

$

$

Bundle home & auto

Smart home discounts

Wind/hail deductible

Why we chose itchevron icon

Allstate is one of the top home insurance companies in Louisiana. Its rates are lower than average in the state, and Allstate also deductible perks and lower rates each year you go without filing a claim.

Pros and conschevron icon

Pros

  • Rates are 7% cheaper than the state average

  • Deductible perks & rate discounts each year you go without filing a claim

  • Offers water backup protection, other endorsements

Cons

  • Beginning to pull back coverage in high-risk areas

  • Below-average digital experience rating with J.D. Power

More detailschevron icon

Why we chose Allstate

Allstate is a top home insurance company in Louisiana. Its rates are lower than the statewide average, plus you can save money on your premiums and deductible each year you go without filing a claim. We also like that Allstate offers some home insurance coverages that you can add to your policy for more protection, like water backup protection, scheduled personal property coverage, and identity theft restoration coverage.

If you're looking to cover your short-term rental, Allstate's HostAdvantage is another perk. HostAdvantage comes with theft protection, coverage for your damaged property ($10,000 per host period), and a $25 discount on cleaning services from Merry Maids.

How do Allstate home insurance rates compare to the Louisiana average?

The average cost of Allstate home insurance in Louisiana is $2,282 per year, which is 7% cheaper than the statewide average of $2,452 per year.

How to get a quote

Online through Policygenius or Allstate, or by contacting a local Allstate agent

Best for lots of coverage options: The Hanover

award icon

2024 Policygenius award winner

The Hanover

The Hanover Insurance Group logo

Policygenius rating 

Our proprietary rating methodology takes multiple factors into account, including customer satisfaction, cost, financial strength, and policy offerings. See the "methodology" section for more details.

Full orange starFull orange starFull orange starFull orange starHalf orange star

4.3

AM Best rating 

AM Best is a global credit rating agency that scores the financial strength of insurance companies on a scale from A++ (Superior) to D (Poor).

A

Cost 

Using a mix of internal and external rate data, we grade the cost of each insurance company's premiums on a scale from least expensive ($) to most expensive ($$$$$).

$

$

$

$

$

Bundle home & auto

Mobile app

New homebuyer discount

Why we chose itchevron icon

The Hanover home insurance policies come with a slew of quality coverage add-ons and high customer service marks — and rates are on par with the statewide average in Louisiana.

Pros and conschevron icon

Pros

  • Offers three tiers of coverage for all types of homes, including a specialized policy for high-value homes

  • Received 85% fewer complaints in 2021 according to the NAIC complaint index

  • Mobile app allows you to manage your policy, contact your agent, and report claims on the go

Cons

  • No online quote tool or live-chat feature on its website

More detailschevron icon

Why we chose it

The Hanover is one of the best home insurance companies in Louisiana, especially for buyers who value highly rated customer service. According to the National Association of Insurance Commissioners, the Hanover receives only a fraction of the complaints expected for its size.

We also like the number of coverages that The Hanover offers. For example, homeowners can add protection to their basic policies, including guaranteed and extended replacement cost coverage, valuable items coverage, equipment breakdown coverage, and water backup protection.

How do The Hanover home insurance rates compare to the Louisiana average?

The average cost of home insurance from The Hanover in Louisiana is $2,378 per year, which is on par with the statewide average.

How to get a quote

You can get a home insurance quote by contacting a local Hanover insurance agent.

Best for high-risk homes: Louisiana Citizens

Louisiana Citizens

Louisiana Citizens logo

Policygenius rating 

Our proprietary rating methodology takes multiple factors into account, including customer satisfaction, cost, financial strength, and policy offerings. See the "methodology" section for more details.

Full orange starFull orange starHalf orange starEmpty gray starEmpty gray star

2.6

AM Best rating 

AM Best is a global credit rating agency that scores the financial strength of insurance companies on a scale from A++ (Superior) to D (Poor).

NA

Cost 

Using a mix of internal and external rate data, we grade the cost of each insurance company's premiums on a scale from least expensive ($) to most expensive ($$$$$).

$

$

$

$

$

Wind/hail deductible

Why we chose itchevron icon

As Louisiana's version of the Fair Access to Insurance Requirements (FAIR) Plan, Citizens home insurance might be a good fit if you’ve struggled to qualify for coverage due to multiple past claims, living in a high-risk coastal area, or having an old roof.

Pros and conschevron icon

Pros

  • Provides homeowners insurance to high-risk homes that are often denied coverage by private insurers

  • Wind/hail and named-perils policies available for older homes

Cons

  • Rates are generally more expensive than home insurance on the private market

  • Fewer coverage options and lower limits than competitors

  • No online quote tool

More detailschevron icon

Why we chose it

Citizens Insurance offers basic home, wind-only, and named-perils policies for homes in high-risk areas of Louisiana. If you're having a difficult time finding a company to insure your home, Citizens is a decent last-resort option.

How do The Hanover home insurance rates compare to the Louisiana average?

We don't have access to the average cost of Louisiana Citizens home insurance as of August 2023.

How to get a quote

To get a home insurance quote with Louisiana Citizens, you’ll first want to see if you can find coverage with a standard home insurance company. If you can't, then you can get a quote from any licensed insurance agent who’s authorized to sell Citizens coverage.

Compare home insurance rates in Louisiana

We don't sell your information to third parties.

How much is homeowners insurance in Louisiana?

The average cost of homeowners insurance in Louisiana is $2,452 per year or $204 per month — this is 40% more expensive than the national average of $1,754 per year.

Louisiana homeowners insurance rates by city

Looking at average home insurance costs for the 20 largest cities in Louisiana, we found that Ruston has the cheapest homeowners insurance in the state, followed by Alexandria and Monroe.

City

Average monthly cost

Average annual cost

Difference from state average (%)

New Orleans

$234

$2,805

14%

Baton Rouge

$207

$2,482

1%

Shreveport

$187

$2,241

-9%

Lafayette

$227

$2,728

11%

Lake Charles

$245

$2,942

20%

Kenner

$232

$2,781

13%

Bossier City

$187

$2,239

-9%

Monroe

$178

$2,139

-13%

Alexandria

$171

$2,055

-16%

Houma

$268

$3,211

31%

Central

$209

$2,512

2%

Slidell

$229

$2,753

12%

New Iberia

$269

$3,233

32%

Ruston

$170

$2,034

-17%

Hammond

$202

$2,427

-1%

Sulphur

$242

$2,901

18%

Zachary

$210

$2,514

3%

Natchitoches

$187

$2,244

-8%

Youngsville

$233

$2,801

14%

Gretna

$226

$2,716

11%

Collapse table

Louisiana homeowners insurance rates by coverage amount

One of the most important (and expensive) parts of your home insurance policy is your dwelling coverage, since it protects the physical structure of your home from covered hazards like hurricanes and fires. 

How much dwelling coverage you purchase should be based on the replacement cost of your home — not its market value. That means even if you paid $600,000 for a home that would really only cost $400,000 to rebuild — you’d only need $400,000 in dwelling coverage.

The table below highlights the average annual premium in Louisiana for five different levels of dwelling coverage.

As you can see, the higher your dwelling coverage limit, the higher your premiums. In Louisiana, the most significant rate jump occurs in the $400,000 to $500,000 range — with an over $800 difference in premiums between these two coverage levels.

Dwelling coverage limit

Average annual cost

$100,000

$1,055

$200,000

$1,746

$300,000

$2,452

$400,000

$3,246

$500,000

$4,059

Compare home insurance rates in Louisiana

We don't sell your information to third parties.

Cheapest homeowners insurance companies in Louisiana

Based on our analysis, Armed Forces Insurance, Bankers Insurance, and New Holdings are the three cheapest home insurance companies in Louisiana, with statewide average premiums ranging from $1,041 to $1,623 per year.

Shelter Insurance and State Farm are also among the most affordable home insurance carrier options for Louisiana residents in 2023, as detailed in the table below.

Company

Average annual cost

Armed Forces Insurance

$1,041

Bankers Insurance

$1,530

New Holdings

$1,623

Shelter Insurance

$1,959

State Farm

$2,197

Allstate

$2,282

The Hanover

$2,378

USAA

$2,504

Farm Bureau Insurance

$2,932

Access Home Insurance

$3,809

Lighthouse Property Insurance

$4,125

Farmers

$4,129

Collapse table

Cheapest Louisiana homeowners insurance if you have poor credit

Just as your credit score may affect your mortgage or car loan, having poor credit can also increase your insurance rates. Since customers with better credit are more likely to pay for repairs out of pocket rather than file a claim, insurers consider them to be lower risk to insure. 

Not all companies follow this practice, however, so if you have poor credit, it’s best to shop around for the best rate.

With an average rate of $1,623 per year, New Holdings has the cheapest home insurance rates in Louisiana for a homeowner with poor credit, while Farmers' average yearly premium of $7,922 is the highest. 

Company

Average annual cost

New Holdings

$1,623

Armed Forces Insurance

$1,810

Shelter Insurance

$2,442

Bankers Insurance

$2,526

Farm Bureau Insurance

$2,932

The Hanover

$2,975

USAA

$3,252

State Farm

$3,744

Allstate

$3,826

Access Home Insurance

$4,388

Lighthouse Property Insurance

$4,958

Farmers

$7,922

Collapse table

Cheapest Louisiana homeowners insurance if you have an older home

The median age of homes in Louisiana is 41 years old, according to an analysis of U.S. census data by House Method. And like everything else, the age of your home plays a role in how much you pay for home insurance in Louisiana.

Older and historic homes are usually more expensive to insure than newer homes. This is because insurers consider them a higher risk than newer homes since they can be fragile, their construction materials may be obsolete, and certain structural components like the roof or plumbing may not be in good shape or up to current-day code. Because of this, they'll charge higher premiums to offset the risk.

Here's the cheapest home insurance in Louisiana for a 50-year-old home:

Company

Average annual cost

Armed Forces Insurance

$1,225

Bankers Insurance

$1,634

New Holdings

$1,731

Shelter Insurance

$1,959

State Farm

$2,196

Allstate

$2,282

The Hanover

$2,707

USAA

$2,845

Farm Bureau Insurance

$3,465

Farmers

$4,197

Access Home Insurance

$4,388

Lighthouse Property Insurance

$5,087

Collapse table

Wind mitigation discounts & incentives in Louisiana

Many home insurance companies offer wind mitigation discounts if your home is outfitted with features to withstand high winds and flooding caused by a hurricane or strong windstorm. In Louisiana, you can save between 20% and 52% on the wind portion of your home insurance policy by installing Fortified Roof and Fortified Home elements to your home.

Other incentives include:

  • Retrofit tax deduction: Deduct up to $5,000 or 50% of the cost of mitigating your homes to reduce wind or flood damage — whichever is less — off your state taxes

  • Louisiana Citizens Property Insurance rebate: Get a refundable income tax credit if you paid the LA Citizens assessments in addition to your home insurance premium

→ Learn more about wind mitigation discounts & how to qualify

Cheapest Louisiana homeowners insurance if you have a history of claims

One of the biggest factors that plays a role in your home insurance premium is your claims history. You'll typically pay more for home insurance if you have multiple claims on your record, since insurers perceive you as posing a greater risk of filing more.

Here's the cheapest home insurance companies in Louisiana for a homeowner with three claims within a five-year period.

Company

Average annual cost

New Holdings

$1,623

Armed Forces Insurance

$1,902

State Farm

$2,504

Bankers Insurance

$2,670

The Hanover

$2,845

Shelter Insurance

$2,926

USAA

$3,378

Farm Bureau Insurance

$3,465

Allstate

$3,747

Access Home Insurance

$4,388

Lighthouse Property Insurance

$5,903

Farmers

$5,964

Collapse table

Coverage options in Louisiana for hurricanes and flooding

In addition to looking at how much each insurance company charges for different coverage levels and risks, you should also be aware of what your policy does and doesn’t cover.

When buying homeowners insurance in Louisiana, there are two additional insurance options you may need to consider to protect against the state’s frequent hurricanes and flooding.

Windstorm insurance

Homeowners insurance generally covers the cost of repairs if your home is damaged by wind or hail. However, since Louisiana sees frequent hurricanes, tropical storms, and tornadoes, policies often exclude coverage for wind and hail in high-risk areas.

If that’s the case, you’ll need windstorm insurance — a special type of property insurance that specifically covers your home and belongings from wind or hail damage. Windstorm insurance is sometimes available as an add-on to your homeowners insurance, though it can also be purchased as a separate wind-only policy.

Flood insurance

Most homeowners insurance policies don’t cover flood damage, so Louisiana residents in at-risk areas will want to consider flood insurance on top of their coastal home insurance policy.

In addition to comparing home insurance quotes, Louisiana homeowners can also compare private flood insurance rates with Policygenius, or choose a policy through a government entity like the National Flood Insurance Program.

Learn more >> Flood insurance in Louisiana: Coverage & costs

How to buy homeowners insurance in Louisiana

With so many insurance companies pulling out of states due to the severe weather that makes expensive claims difficult to finance, it’s extra important to compare policies from multiple companies to make sure you’re getting the best coverage at the fairest price. 

6 simple steps to buying home insurance in Louisiana

  1. Reach out to a licensed Policygenius agent. Our team of licensed insurance experts is at the ready to help you figure out how much coverage you need and what company offers it at the best price — all for free with no impact to your credit score.

  2. Ask about Citizens Insurance — Louisiana's FAIR Plan provider. If you’re struggling to qualify for insurance from a traditional provider due to your home’s high risk, ask your Policygenius agent if a policy through Louisiana's FAIR Plan makes more sense. 

  3. Consider purchasing flood insurance. Since standard home insurance policies don’t cover flooding, you’ll want to add flood coverage or purchase a separate Louisiana flood insurance policy to make sure you’re fully protected. A Policygenius agent can help you do this, too.

  4. Figure out how low of a deductible you can afford. Since homeowners in Louisiana have a separate hurricane deductible that you can choose — between 2% and 5% of their dwelling coverage limit — you’ll want to figure out how much you’ll be able to afford to pay out of pocket every time you file a claim due to hurricane damage.

  5. Compare quotes from a Policygenius agent. Once you’ve nailed down your coverage needs, limits, and deductibles, a Policygenius agent will walk you through quotes from a few different companies to help you find the best policy for your needs.

  6. Sign the policy and pay your first premium. After you’ve chosen the policy you want, your Policygenius agent will complete all of the paperwork for you. The only thing left to do is sign the policy and pay your first premium. They’ll even cancel your old policy.

Compare home insurance rates in Louisiana

We don't sell your information to third parties.

Frequently asked questions

Who offers the best home insurance in Louisiana?

While Armed Forces Insurance has the cheapest rates in Louisiana, the best policy is the one that offers you great coverage at a price you can afford while meeting your standards for customer service and resources.

Why do pools, treehouses, and trampolines affect my home insurance rate?

These so-called “attractive nuisances” can lead to injuries and more liability claims. Insurance companies will increase your premium to offset this risk.

Is flood Insurance included in my home insurance policy?

No. Flood insurance must be purchased separately and may be required if you live in a flood zone.

What can I do to improve my low credit score?

Try to be extra vigilant with your finances. Paying bills on time, keeping your credit card balance low, and reducing your debt are all ways to improve your credit over time.

Author

Jennifer Gimbel is a senior managing editor at Policygenius, where she oversees all of our insurance coverage. Previously, she was the managing editor at Finder.com and a content strategist at Babble.com.

Editor

Pat Howard is a licensed insurance expert and managing editor at Policygenius. Pat has written extensively about the home insurance industry and his insights as a subject matter expert have appeared in several top tier publications, including The New York Times, The Wall Street Journal, CNBC, and Reuters. Pat has a bachelor's degree in journalism from Michigan State University.

Questions about this page? Email us at .