Cate Deventer Last updated on Sep 13, Power scores are based on surveys for customer satisfaction and product quality. Pin USAA 3. Best for Military Members Why we chose it USAA is one of the highest rated home insurance companies in Louisiana, with excellent customer service, a variety of coverage options, and affordable rates for military members.
Power J. Why we chose it USAA is one of the highest rated home insurance companies in Louisiana, with excellent customer service, a variety of coverage options, and affordable rates for military members. Pros Great customer service Competitive prices Policies include replacement cost coverage Cons Must be affiliated with the military to get coverage Not many discounts Few local office branches.
Read More. Available Discounts Policy bundling Protective device Claims-free. Home sharing insurance Identity theft coverage Earthquake insurance Flood insurance Military uniform coverage. Best for Online Tools Why we chose it State Farm has some of the best online tools, resources, and calculators to help Louisiana homeowners choose the right type of coverage and amount of coverage to protect their home and belongings.
Why we chose it State Farm has some of the best online tools, resources, and calculators to help Louisiana homeowners choose the right type of coverage and amount of coverage to protect their home and belongings.
Pros Robust and user-friendly website Detailed online quotes Helpful tools and resources for first-time home insurance buyers Cons Not many discounts Discounts are not available in every state High complaint index from the National Association of Insurance Commissions NAIC. Available Discounts Multi-policy Home safety device Impact-resistant roof.
Best for High-Value Homes Why we chose it The Hanover may not be the most recognizable name on our list, but it could be a great choice for Louisiana homeowners with high-value homes. The company offers a Prestige program that allows you to tailor your coverage to your lifestyle. Why we chose it The Hanover may not be the most recognizable name on our list, but it could be a great choice for Louisiana homeowners with high-value homes.
Pros Coverage can be customized Guaranteed replacement cost available Numerous optional coverage choices Cons Few discounts available Lower financial strength than competitors No online quoting. Available Discounts Bundling Home safety features.
Guaranteed replacement cost Water backup Service line Loss mitigation expense Deductible waiver for large loss. Best for Optional Coverage Why we chose it Allstate offers plenty of optional coverage choices to help you get the coverage you need. The company also offers helpful online resources and local agents, if you prefer doing business in person. Why we chose it Allstate offers plenty of optional coverage choices to help you get the coverage you need.
Identity theft Water backup Scheduled personal property Business property Sports equipment Green improvement reimbursement Yard and garden Electronic data recovery Musical instruments. What is the cheapest homeowners insurance in Louisiana?
Who has the best homeowners insurance in Louisiana? How do I get homeowners insurance in Louisiana? How much is home insurance in Louisiana? Power ranking because it sells its insurance exclusively to current and retired military members and their immediate families.
However, USAA does consistently receive high customer satisfaction scores. The higher cost is likely due to the likelihood of home damage occurring in Louisiana. Homeowners in Louisiana have special considerations when it comes to covering their homes. Understanding the common causes of damage in the state and what coverage you may need to add to get adequate protection can be helpful.
If you are unsure what type of home insurance coverage is right for you and your home, consider some of the most common causes of home insurance losses in Louisiana. Once you understand what damages are common in your area, it may help you choose what coverage to purchase. In addition to the standard home insurance coverage, like dwelling coverage and liability, you may want to purchase optional coverage to increase your protection.
Some coverage types that Louisiana homeowners might want to consider are:. Because hurricanes are one of the biggest concerns in Louisiana, discussing your hurricane coverage with your agent may be a good idea.
You may also have a separate deductible for hurricane damage. Getting quotes from several companies may help you find coverage that fits your needs and budget. However, remember that price may not always be the only factor worth considering when researching Louisiana homeowners insurance companies.
You may want to review coverage options, discounts and customer satisfaction scores as well. To get home insurance, start by deciding what features matter most to you. Once you have a list, you can get quotes from several companies that may fit your needs. You will need your address, date of birth and some information about your home, like how old your roof is and an idea of what coverage types and limits you want to purchase although an agent should be able to help you decide.
Once you decide to proceed with a company, a representative will usually let you know the next steps, which may include signing an application and making a payment. Most homeowners insurance policies include additional living expenses ALE coverage , which can pay for the costs associated with needing temporary housing after a covered loss. Covered expenses might include a hotel, a rental home and laundry services.
The Gulf Coast of Louisiana is a particularly high-risk area for insurance companies due to the likelihood of widespread and damaging storms. If you live in this area, finding home insurance coverage might be more difficult than it would be in lower-risk areas.
As a last resort, you may need to seek coverage through the Louisiana Citizens Property Insurance Corporation. Its policies are state-mandated to be more expensive than private insurers, but it could provide coverage if you have no other options. Quoted rates are based on year-old male and female homeowners with a clean claim history, good credit and the following coverage limits:.
These are sample rates and should be used for comparative purposes only. Your quotes will differ. How We Make Money. Cate Deventer. Written by. Cate Deventer is a writer, editor and insurance professional with nearly a decade of experience in the insurance industry as a licensed insurance agent.
Edited By Mariah Posey. Edited by. Mariah Posey. Mariah Posey is an insurance writer and editor for Bankrate. She aims to make the insurance journey as convenient as possible by …. Reviewed by. In total, Hurricane Laura caused , home insurance claims. Hurricane Katrina is still the costliest hurricane in the history of the US. Louisiana is also home to five of the top coastal counties most frequently hit by hurricanes : Lafourche Parish, Jefferson Parish, St.
The policies we can offer automatically include hurricane wind coverage. When a named storm damages your home, a hurricane deductible will apply. Though floods typically accompany hurricanes, hurricane insurance covers wind-related damage. For water damage from storm surges, you need flood insurance. Keep in mind that these are average prices to give you a general impression of home insurance costs. To learn more about home insurance where you live, check out our Baton Rouge and New Orleans guides.
You can adjust your deductibles to save some money, too. Typically, the higher your deductible, the lower your premium. Your Louisiana home insurance will have two deductibles: one for hurricanes and one for all other perils AOP , like fires, theft, hail, etc. You can adjust both deductibles to help lower your premiums.
Your mortgage lender requires homeowners insurance for two reasons:. Even if you own your home outright, home insurance is still a wise investment to protect your property from natural disasters, accidents, and theft. But we can arrange flood coverage that you can add on to your policy. Take advantage of discounts. You can qualify for discounts by adding safety features to your home, like a security system or leak mitigation system. Louisiana law requires claims to be adjusted fairly and promptly after you file a loss.
Once you submit proof of your loss, an insurer is required to begin adjusting the claim within 14 days. That deadline may be extended after a widespread natural disaster to 30 days. The insurer must give written notice of the settlement decision within 30 days of receiving the proof of loss.
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