Top Louisiana Homeowners Insurance Quotes
It’s important for Louisiana homeowners to find the best homeowners insurance company that will provide an adequate homeowners insurance policy to secure their property.
You are in the right place. Insurance Geek can help you with Louisiana homeowners insurance!
We offer a wide range of options in order to help you find the cheapest homeowners insurance rate as well as the best coverage available.
Below, we’ll take you into average homeowners premiums for the state of Louisiana, no matter where you are, and all the terms you ought to know!
Louisiana Home Insurance: The Basics
We love Louisiana! What a beautiful place, a home away from home, with so much to do and see. Our love of this gulf state isn’t just about New Orleans. From Lake Charle to Lake Pontchartrain, there’s a little something for everybody down on the bayou.
Louisiana is the fourth most dangerous state in the United States, with higher crime rates than the US average, similarly to New Mexico and South Carolina.
It’s not just New Orleans responsible for this rate – Alexandria, Louisiana has the highest crime rate in the state at the time of this writing. Not all these crimes are violent – almost 90% of crime in Louisiana is accounted for by property crime.
The crime rate in Louisiana’s urban areas has an impact on the cost of homeowners premiums.
Most of us know about the devastating effects of Hurricane Katrina on the entire state of Louisiana. Hurricanes and severe weather are still a threat in Louisiana, especially with the below-sea-level seaside towns and the ever-rising Gulf. That’s why hurricane deductible is a term that insurance companies sometimes use in Louisiana.
With all the reasons named above, it is necessary to properly immerse and educate yourself as a homeowner about home insurance in Louisiana.
Peril
It is imperative to safeguard you and your family against PERILS while you’re selecting Louisiana homeowners insurance.
Perils are any home damages that can happen when inclement weather occurs, or when sewer or drainage backups happen in your home.
Perils are also known as risks that can potentially cause harm to your property. Therefore, your home insurance policy should contain the perils that pose the most threat to your security.
To name some of the Louisiana perils:
- Wind
- Tornadoes
- Hail
- Damaging thunderstorms
- Hurricanes
- Theft
- Vandalism
With all these in mind, your homeowners insurance in Louisiana should cover the perils so that you can file claims for them. Check out the declarations page if you have an existing policy for more information about what it covers. It’s one of the most important documents of your policy.
We can help you connect with the best insurance company in Louisiana in order to obtain the best home insurance policy for you and your family.
How are Premiums Determined in Louisiana?
Louisiana homeowners insurance is some of the most expensive in the country. This is due to the potential for severe weather and other hazards based on past incidents and the proximity to the coastline.
Home insurance companies have varying home insurance rates as it all depends on your ZIP code, among other things.
However, your own insurance policy in Louisiana is based on more factors:
Construction materials;
The overall value of your house affects home insurance rates. What falls under this category is everything from the current state of your home and the materials utilized in the construction.
This factor helps companies determine the replacement cost, which is simply the amount of funds that it would take to have your home repaired or completely rebuilt in the case of an accident.
To understand more about the difference between cash value, which is the market value of your property, and the replacement cost of your property, you are free to rely on the information supplied by our replacement cost vs. cash value article.
Age of home;
Insurance companies in Louisiana also look out for the age of your home as one of the main factors that affect the determination of premiums.
In some cases, the age of the property also reflects the state of it. Should the property be old as well as in poor condition, the rate of your insurance will be higher.
An older home tends to have more claims filed, too.
Your credit score;
You can actually save a lot of your hard-earned money on homeowners insurance if you have a good credit score. A good credit record vouches to homeowners insurance companies that you are a reliable client and that your payment history is neat.
Your insurance company needs to be certain that you will be able to shoulder the price of both your premium and your deductible – sometimes, even the hurricane deductible for the state of Louisiana.
Previous claims;
A high number of filed claims on a given property can affect the price of the premium an insurance company can give you.
If you are wondering why, insurance companies think of previous claims on your property as signals that it is in great risk.
Discounts
You can save a lot on homeowners insurance in Louisiana if you take advantage of discounts. Our customers are able to qualify for a number of discounts.
These are only a few factors to consider: For instance, which insurance policies can you mix and match in order to get a discount?
Homeowners insurance rates tend to be cheaper if you have life and auto insurance in addition to your homeowners insurance policy with the same insurance company.
What is the Best Option for Home Insurance in Louisiana?
Looking through various home insurance products and services can be, at best, confusing.
With a wide range of home insurance policies to choose from, our clients oftentimes end up tired of their research.
To break home insurance into more digestible pieces, we’ve decided to introduce you to the two fundamental policy types: a named and an all peril policy.
NAMED Policy
To start you off, let’s inspect the NAMED home insurance policy first.
This type of homeowners policy encompasses only the perils which are explicitly included, aka stated, in it, without any other options.
Our experience tells us that our clients most frequently purchase this type of policy to bring their existing policy up to date.
Our agents can help you with the assessment of your existing insurance to see if it covers all of your needs.
ALL PERIL Policy
On the other side, we believe that the best way to stay protected at all times is by making use of the ALL PERIL policy. This homeowners insurance policy protects you from the perils that we previously mentioned.
Hence, we highly recommend ALL PERIL coverage as a part of your homeowners insurance in Louisiana to protect from all types of perils.
Get Home Insurance Quotes Today
Louisiana home insurance companies inspect a number of factors when determining the homeowners insurance rates and quotes.
This is why we’ve decided to make it easy for our clients.
Check out our pricing tool to calculate the average cost of homeowners insurance!
You can easily get a quote once you fill out some basic information about yourself, such as your ZIP code, the address and the state of your home, and leave the rest to us.
Our agents will make sure to contact homeowners insurance companies in order to obtain home insurance rates specifically catered to your needs.
Please take a look at our handy Insurance Geek quote form. We use our Fat Agent app to get you connected with the best agent for your specific situation and needs. Try our quote tool for free!
And you know what the best thing of all is? We won’t spam you with offers, calls, or messages! We value our clients time and personal space.
Discount Types
Homeowners insurance companies reward their loyal clients with discounts and we are here to help you find a shortcut to many of them.
We help consumers save money on their average price of homeowners insurance through many different types of discounts.
For example, if you combine more policies (say, auto insurance and homeowners insurance) within the same company, you’ll save more money.
We can help you look at family or bundled discounts, can help you save via a pay in the full plan, and more.
Always let your agent know about the kind of protection that you wish to include in your policies.
With many possibilities to save money, customer satisfaction is guaranteed!
Top Cities & Metro Suburbs in Louisiana for Homeowners
Clients who buy homeowners insurance policies hail from all over Louisiana, no matter their ZIP code.
Many of our loyal clients are situated in some of Louisiana’s biggest cities:
- New Orleans
- Baton Rouge
- Shreveport
- Metairie
- Lafayette
- Lake Charles
- Bossier City
- Monroe
- Alexandria
With the possibility of lower and significantly more affordable homeowners insurance rates, many homeowners choose to situate themselves in the suburbs.
The top suburbs in Louisiana with the cheapest home insurance include:
- Mandeville
- Elmwood
- Prairieville
- Destrehan
- Covington
- Abita Springs
- Addis
- Luling
- Kenner
- Central
- St. Francisville
Through Nationwide and Safeco, a Liberty Mutual company, and Progressive, we are able to offer the most reasonably priced homeowners insurance quotes.
With amazing customer service, our three top carriers enjoy a longstanding reputation of stable and reliable companies.
Who Should Get Louisiana Homeowners Insurance?
New and existing homeowners in Louisiana should invest in Louisiana homeowners insurance.
If you are just about to become a homeowner, you’ll want to have your home and your family protected in the best way possible.
In case you are an existing homeowner, your policy can be updated in order to get a lower average price or get other coverage types. If you are in two minds or simply do not know what to do, our agents can help you find the best solution for your situation.
As a new or an existing homeowner, you should be aware that homeowners insurance is obligatory by mortgage lenders. Lenders want to make sure that, in the event of an accident, your home can be completely rebuilt or renovated.
What Does Home Insurance Coverage Include?
If you’ve ever wondered what does home coverage in a homeowners policy include, we have the answers ready for you.
You’ll find that home insurance coverage options are different from carrier to carrier, but there’s a blueprint of the basic types that most policies include.
A written policy’s coverage detail example is below:
- Coverage A – Dwelling amount
This covers the physical structure of the home and is called dwelling coverage. To put it plainly, dwelling coverage makes it possible for you to file claims on the physical structures of your home (for example, walls, the roof, and so on).
The dwelling amount included in your policy is closely related to the overall value of your home. This part of your policy should cover the cost of the reconstruction of the entire home structure.
- Coverage B – Separate Structures
Separate structures can include mailboxes, attached garages, fences, sheds, etc. Separate structures are the most commonly overlooked part of an insurance policy, but homeowners most commonly update this segment of their insurance after having separate structures installed.
- Coverage C – Personal property
Your home insurance can also serve to protect your personal property, not only the external structure of your home. In that case, personal property coverage is there to reimburse you for any damages that can occur.
Your personal property (furniture, clothes, appliances) is of equal value and it is also susceptible to damage.
If you want to protect valuable items that don’t fall under the previously mentioned categories, our carriers Nationwide and Safeco can offer you personally tailored add-ons.
- Coverage D – Loss of Use
Loss of use is there to reimburse you for the costs incurred if you’re unable to use your home for a while, like during repairs.
Excessive bills, transportation, and temporary place of staying can be a nightmare once they pile up. This segment of your coverage called loss of use pays for these additional expenses.
Loss of coverage usually comes at about 30% of your dwelling amount. In order to file a claim, you need to keep the bills which will serve as a proof of additional costs during a certain period.
- Coverage E – Personal liability
Personal liability is another handy coverage – this kicks in if you’re found liable for damages or a suit is brought against you due to a covered occurrence.
In the unfortunate event that you or your family member are found legally bound and responsible for a bodily injury or damage to someone, personal liability coverage will protect you.
This part of your coverage makes sure your egal expenses and defense costs as well as medical fees of the injured party are covered.
- Coverage F – Medical Payments
Medical Payments coverage isn’t that different from personal liability as it amounts to payment of medical fees for anyone injured on your property.
The only difference is that you needn’t be found legally bound or guilty for the accident that occurs.
Should any of your visitors or guests get injured while they happen to be on your property, your policy will reimburse you for their medical bills.
What Isn’t Included in Your Home Policy?
Our Louisiana homeowners insurance is provided through Nationwide, Safeco, and Progressive.
These carriers have competitive insurance quotes for our customers, and we’re glad to provide our Louisiana homeowners with the most comprehensive homeowners insurance coverage possible.
However, some insurance products aren’t included in standard premiums, and you might want to consider them in order to be fully protected.
Besides, to get the cheapest home insurance possible, you can bundle up and consider some other options in order to get discounts:
Flood Insurance
Insurance providers generally don’t offer flood insurance. Flood insurance is an option to be purchased separately through the National Flood Insurance Program (NFIP).
Water-related damages are common and can significantly affect your budget if you aren’t insured.
However, it’s not obligatory to get a flood insurance policy through the National Flood Insurance Program (NFIP) to get some kind of water damages protection for your home.
Clogged sewers, sump overflow, and even drain backup can be ameliorated if you choose the right insurance company. Nationwide, Safeco and Progressive have optional policies to protect your home from these perils.
Auto Insurance
Auto insurance is considered a top priority if you are a car owner. Your vehicle is as susceptible to damage as your home is.
Auto insurance is also a great way to gain some discounts as getting auto insurance within the same insurance company as will significantly affect the price.
Home Insurance in Louisiana: FAQ
Q: How much is homeowners insurance in Louisiana?
A: The average cost of homeowners insurance in Louisiana is $1,607 a year, which is above the national average homeowners insurance rates. The overall crime rate in addition to extreme weather situations adds up to the price of insurance being this high.
Q: What are the best insurance companies in Louisiana?
A: Nationwide, Safeco and Progressive have the best and cheapest homeowners insurance in Louisiana. They provide the best homeowners insurance rates for all of their clients, and their policies have the best coverage level. The wide range of insurance products available in all states is what makes these companies great, along with the excellent customer service.
Final Words
From the beautiful and vivid cities like New Orleans, Baton Rouge, and Lafayette to quieter suburbs, one thing remains the same – as a homeowner, it is in your best interest to protect your belongings.
Nationwide, Safeco and Progressive representatives can help you secure the cheapest home insurance on the market in Louisiana.
Make sure to tell our employees what kind of coverage you want so that they can connect you to an insurance company that is going to fulfill your needs!