Best Homeowners Insurance Companies in Louisiana
NerdWallet analyzed data from over 30 insurance companies to identify the best home insurance providers in Louisiana. The top companies earned 4.5 stars or more in our analysis. Rates are based on a sample homeowner with good credit, $300,000 of dwelling coverage, $300,000 of liability coverage, and a $1,000 deductible.
Top Home Insurance Companies in Louisiana
- Amica: 5.0 stars, known for great customer service and broad coverage options.
- Chubb: 5.0 stars, offers high coverage limits and perks for affluent homeowners.
- Allstate: 4.5 stars, widely available with many customization options.
- Farmers: 4.5 stars, offers policy add-ons like diminishing deductibles.
- State Farm: 4.5 stars, well-established with a lengthy list of coverage options.
- USAA: 5.0 stars, offers perks for the military community.
Average Cost of Homeowners Insurance in Louisiana
The average annual cost of home insurance in Louisiana is $2,220, which is 5% more than the national average. Homeowners with poor credit pay an average of $4,110 per year, 85% more than those with good credit.
Common Risks for Louisiana Homeowners
Louisiana homeowners face various natural disasters, including hurricanes, tropical storms, thunderstorms, tornadoes, and hail. Standard homeowners policies typically cover wind damage but not flooding, making separate flood insurance essential for many.
Frequently Asked Questions
- Which insurance companies are pulling out of Louisiana?: Several companies, including Lighthouse and Southern Fidelity, have gone out of business or stopped selling homeowners policies in the state.
- Is home insurance required in Louisiana?: There’s no state law requiring homeowners insurance, but lenders typically require it for mortgaged homes.
