It is important that you choose the policy that covers the risks you are most at risk when purchasing homeowners insurance in Louisiana. This can include damage due to earthquakes or flooding, tornadoes and other "insurance hazards". Consider whether the policy covers valuables, collectibles, and other items. There are exclusions.
Allstate
Allstate is a reliable insurance company that offers many options for homeowners. Its website and digital tools can be used to quickly compare coverage and are simple to use. The company offers homeowners discounts, such as for security systems and centralized fire alarms.
State Farm
State Farm Louisiana provides a wide range of homeowners insurance options. Each policy is different and the cost depends on the size of your home, the construction materials, and the location. You can get an online quote or speak to a local agent. You can file claims online, via their mobile app or by phone if you have an existing State Farm policy.
Progressive
You can get a variety of discounts with Progressive Louisiana homeowners insurance. These include going paperless, paying in advance, buying a newer home, and bundling auto insurance and home insurance. While the average savings with Progressive are lower than the other insurers in our Best Home Insurance Companies of 2022 rating, they still offer plenty of incentives to customers. One such incentive is the name your price option, which enables prospective customers to indicate the exact price they'd like to pay for their policy.
The Hanover
Hanover Louisiana homeowners insurance was created to protect your home. There are many endorsements available, including water backup and service line coverage. You can also get a guaranteed replacement cost policy. The company also has online resources that help home owners and buyers make smart decisions about their insurance.
USAA
USAA is Louisiana's most loved insurance company. They offer many perks including a waiver of deductibles for issued gear, as well as coverage for personal property in war zones. It has a Complaint Index (or 0.50) that is half that of similar-sized insurance companies. USAA's rates tend to be higher than those charged by most Louisiana companies. USAA's average homeowner's policy costs $1,950 annually or $163 per months, which is $264 more expensive than the average rate for the state.
Hurricanes
The rates for home insurance in Louisiana will increase as they prepare for the 2022 hurricane seasons. Many home insurance providers have reexamined whether they are capable of writing policies in Louisiana because of the high risk associated to hurricanes. A few companies have gone out business. The remaining companies may not be able to write new business in Louisiana. The result is a smaller pool of insurance companies, which limits the amount of coverage available to homeowners.
Floods
You should purchase flood insurance if you own a Louisiana home. These policies will cover your home against flood damage and other natural hazards. You can get coverage of up to $250,000 on your home's structural structure and $100,000 on its contents. If you have a more valuable property, you may be able to purchase supplemental insurance with private insurers.
Windstorms
Louisiana homeowner's insurance includes two main components: hail coverage and wind coverage. Both can cause serious damage to vehicles and homes. Louisiana is well-known for its hurricanes, tornadoes and other severe storms. Louisiana homeowners should look into supplemental hail and wind coverage as part of their home insurance. Hail can destroy roofs, siding, gutters, roofs and other structures and can break windows. And the wind can knock down trees and send debris into the air.
Credit score
Credit score plays an important role in the final cost of a Louisiana home. If you have poor credit scores, your home insurance will raise the price of the policy. This is because the insurer considers that you are more risky. Your credit score is an important consideration when you shop for insurance. Compare quotes from three to five companies.