Cheapest Louisiana Homeowners Insurance Quotes (2024)

ASI Progressive offers some of the cheapest homeowners insurance policies in Louisiana, with annual premiums starting at $1,343.

Amy Beardsley
Written byAmy Beardsley
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Amy BeardsleyInsurance Writer
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  • 7+ years in personal finance and technology

Amy specializes in insurance and technology writing and has a talent for transforming complex topics into easy-to-understand stories.

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Ashley Cox
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Ashley CoxSenior Managing Editor
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Andrew Huang
Data reviewed byAndrew Huang
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Updated May 29, 2024

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Home insurance in Louisiana costs an average of $6,571 per year, nearly three times the national annual average of $2,386.

Hurricanes and flooding are Louisiana homeowners’ most common risks — with the occasional threat of tornadoes, especially in the southern parishes.[1] Insurers increase rates in areas prone to natural disasters to offset the likelihood that they’ll have to pay out more on a claim.

Here’s what you need to know about comparing home insurance quotes to protect your house and keep premiums low in the Pelican State.

Quick Facts
  • ASI Progressive, Centauri, and USAA offer the cheapest home insurance policies in Louisiana.

  • Louisiana homeowners pay an average of $6,354 per year for a policy with $300,000 in dwelling coverage and a $1,000 deductible.

  • Standard home insurance policies cover hurricane and tornado damage, but Louisiana homeowners will need a separate policy for flood coverage.

Best home insurance companies in Louisiana

You’ll find a range of different companies for home insurance in Louisiana. Each provides unique benefits and protection — the challenge is choosing the company that best fits your specific situation and coverage needs.

Start your search with the home insurance companies listed below.

Insurance CompanyIQ Score
The Insurify Quality (IQ) Score uses more than 15 criteria to objectively rate insurance companies on a one-to-five scale. The Insurify editorial team researches insurer data to determine the final scores.
Average Annual PremiumBest For
ASI ProgressiveN/A$1,343Cheapest rates
Centauri Specialty Insurance CompanyN/A$2,968Hurricane coverage
USAA4.0$3,661Policy perks
State Farm4.1$3,849Manufactured homes
  • Our editorial team spent 350 hours developing the Insurify Quality (IQ) Score and scoring insurance companies. The IQ Score objectively analyzes and calculates a score for insurers using more than 15 crucial criteria. Criteria are weighted by importance to the consumer — factors such as customer reviews and affordability influence the score more than availability and third-party ratings.

    We rate each company on a 1 to 5 scale based on five categories: financial ratings, customer satisfaction, affordability, customer support and transparency, and availability. We update ratings once a year or as more recent information becomes available.

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    • Customer satisfaction: To calculate this score, Insurify analyzed more than 20,000 customer reviews across 155 car insurance companies. We also considered third-party ratings from J.D. Power, the National Association of Insurance Commissioners, and Trustpilot.
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    • Customer support and transparency: This measures coverage options, ease of claims filing, and the insurer's transparency surrounding discounts, coverages, and claims process.
    • Availability and reach: Insurify identified the number of states in which insurers offer coverage and company size by market share to score availability and reach.

Best insurer for cheapest rates: ASI Progressive

ASI Progressive offers the cheapest rates in the state. Louisiana has some of the most expensive home insurance rates in the country, so access to affordable coverage is good news for the 66% of Louisianians who own homes. As a subsidiary of Progressive, ASI’s reputation is top notch. AM Best gives it a financial strength rating of A+ (Superior), and the Better Business Bureau (BBB) also rates it A+.

Pros
  • Lowest home insurance premiums in the state

  • Pays for living costs if your home’s damage makes it uninhabitable after a covered loss

Cons
  • Limits on coverage for jewelry, televisions and other electronics, and firearms

  • Below-average J.D. Power customer satisfaction rating

Best insurer for hurricane coverage: Centauri Specialty Insurance Company

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IQ Score
The Insurify Quality (IQ) Score uses more than 15 criteria to objectively rate insurance companies on a one-to-five scale. The Insurify editorial team researches insurer data to determine the final scores.
JD Power
J.D. Power data measures overall customer satisfaction and claims satisfaction based on a 1,000-point scale.
Not rated

Centauri Insurance is the best option for hurricane coverage, filling the void as other home insurance companies exit Louisiana. In 2022, 17% of homeowners reported that their insurance company canceled their policy.[2]

Centauri provides policies across the state, including to homeowners in the Bayou communities. Flood insurance is also available.

Pros
  • Provides coverage for homeowners in high-risk areas

  • Online claims reporting available

Cons
  • Not accredited by the BBB

  • Available in only 7 states

Best insurer for policy perks: USAA

Compare personalized, real-time quotes
IQ Score
The Insurify Quality (IQ) Score uses more than 15 criteria to objectively rate insurance companies on a one-to-five scale. The Insurify editorial team researches insurer data to determine the final scores.
4.5
JD Power
J.D. Power data measures overall customer satisfaction and claims satisfaction based on a 1,000-point scale.
880
$300,000 Dwelling
A standard HO-3 home insurance policy typically includes dwelling, personal property, and liability coverage. The average rate displayed here reflects a policy with the following coverage limits: $300,000 dwelling; $25,000 personal property; $300,000 personal liability; $30,000 loss of use; and a $1,000 deductible for medical payments to others.
$222/mo
$500,000 Dwelling
A standard HO-3 home insurance policy typically includes dwelling, personal property, and liability coverage. The average rate displayed here reflects a policy with the following coverage limits: $500,000 dwelling; $25,000 personal property; $300,000 personal liability; $30,000 loss of use; and a $1,000 deductible for medical payments to others.
$324/mo

If you’re one of the more than 292,000 veterans living in Louisiana, buying USAA home insurance gives you access to policy perks unmatched by other companies. USAA membership opens up deals on car rentals, hotels, theme parks, cell service, fitness clubs, and much more.

For more peace of mind, customize your homeowners insurance policy with higher limits.

Pros
  • Replacement cost coverage for personal belongings and building materials

  • Highest customer satisfaction rating by J.D. Power

Cons
  • Policies only available to current and former military, their spouses, and immediate family members

  • Limited customer service hours

Best insurer for manufactured homes: State Farm

Compare personalized, real-time quotes
IQ Score
The Insurify Quality (IQ) Score uses more than 15 criteria to objectively rate insurance companies on a one-to-five scale. The Insurify editorial team researches insurer data to determine the final scores.
4.5
JD Power
J.D. Power data measures overall customer satisfaction and claims satisfaction based on a 1,000-point scale.
842
$300,000 Dwelling
A standard HO-3 home insurance policy typically includes dwelling, personal property, and liability coverage. The average rate displayed here reflects a policy with the following coverage limits: $300,000 dwelling; $25,000 personal property; $300,000 personal liability; $30,000 loss of use; and a $1,000 deductible for medical payments to others.
$292/mo
$500,000 Dwelling
A standard HO-3 home insurance policy typically includes dwelling, personal property, and liability coverage. The average rate displayed here reflects a policy with the following coverage limits: $500,000 dwelling; $25,000 personal property; $300,000 personal liability; $30,000 loss of use; and a $1,000 deductible for medical payments to others.
$411/mo

State Farm offers the most reliable manufactured-home insurance coverage in Louisiana. Given that the state ranks fifth in the U.S. in mobile-home ownership, specialized coverage to address the needs of Louisiana’s mobile-home residents is crucial. A manufactured-home policy from State Farm includes your choice of deductible and discounts based on model year to cut costs.

Pros
  • Higher policy limits for replacement cost coverage

  • Above-average customer satisfaction rating by J.D. Power

Cons
  • Quotes only available through an agent

  • Limits on coverage for watercraft, trailers, and firearms

Find Cheap Home Insurance in Louisiana

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Cheapest home insurance in Louisiana

Average home insurance costs can vary, but the cheapest coverage in Louisiana is from ASI Progressive. The company helps you protect your property and personal belongings against potential disasters without overextending your finances. This way, you get peace of mind even in a region known for its challenging weather.

Check out other affordable home insurance companies in the state below.

Insurance CompanyAverage Annual Premium
ASI Progressive$1,343
Centauri$2,968
Encompass$3,226
USAA$3,661
State Farm$3,849
Gulfstream Property and Casualty$3,941
Kingsway America Group$4,234
Lighthouse Property Insurance Corp$4,493
Foremost$4,632
Bankers Insurance Group$5,259

Cost of homeowners insurance in Louisiana

Louisiana’s average homeowners insurance premium is $6,571 per year — nearly three times the national average. The state’s history of catastrophic hurricanes makes it one of the most expensive states for home insurance. Cities prone to hurricanes and flooding, such as New Orleans and Baton Rouge, typically have higher rates.

Your home’s age and construction type, as well as your credit history, can affect how much you pay for coverage. But in 2024, Louisiana is considering a law that would stop insurers from using credit scores when setting prices.[3]

Cost of homeowners insurance by dwelling coverage amount

The amount of dwelling coverage you choose influences your homeowners insurance premium. Higher coverage limits mean the insurer would pay out more if a covered event destroys your home, naturally leading to higher rates. Essentially, the more you want your insurance to cover in the event of a loss, the more you’ll need to pay for your monthly or annual premiums.

The table below shows what Louisiana homeowners pay, on average, by coverage amount for a policy with a $1,000 deductible.

Coverage LimitAverage Annual Premium
$100,000$2,752
$200,000$4,636
$300,000$6,354
$400,000$8,588
$500,000$10,568

Cost of homeowners insurance by deductible

The cost of your homeowners insurance can vary greatly depending on the deductible you pick. A deductible is the money you pay out of pocket before your insurance pays for a claim.

A low deductible places more risk on your insurance company, raising your rates. A higher deductible reduces your premiums because you take on a greater share of the financial responsibility in case of a claim.

Below, you can see how choosing a lower deductible will result in a higher home insurance premium. Rates shown are for a policy with $300,000 in dwelling coverage.

Deductible AmountAverage Annual Premium
$500$6,438
$1,000$6,354

How to get cheap homeowners insurance in Louisiana

A few clever strategies can unlock cheap home insurance to keep more of your hard-earned cash where it belongs — in your pocket:[4]

  • Increase your deductible. A higher deductible places more of the financial burden on you if you file a claim, and insurance companies reward your increased risk with lower premiums. Make sure you have sufficient emergency savings since the higher deductible means you’ll have to fork over more money when filing a claim.

  • Bundle your home and auto insurance. Many insurers offer discounts if you buy both your home and auto policy from a single company. It can shave up to 25% or more off your bill. Plus, keeping everything with one company makes it easier to manage your policies.

  • Disaster-proof your home. Making your home safer from severe weather can help you save money on insurance. Think about adding storm shutters, making your roof stronger, or using tougher roofing materials. Also, updating your heating, plumbing, and electrical systems can lower the chance of fire and water damage, which might reduce your insurance costs.

  • Maintain good credit. Louisiana insurance companies can use credit information to price homeowners policies. Having a solid credit history can affect how much you pay. Pay your bills on time, keep credit balances low, and check your credit report regularly for errors.

How much homeowners insurance do you need in Louisiana?

Louisiana doesn’t require you to buy home insurance. But your lender will likely require you to purchase a policy when taking out a mortgage to buy a home. The lender has a financial stake in your property and wants to make sure you have protection against potential losses from disasters like hurricanes, fires, or theft.

But don’t settle for minimum-coverage amounts. Review the policy details, including the dwelling coverage limits, personal property coverage, and liability protection, so you know what the homeowners policy covers.

Then, consider any additional coverage or insurance products you may need. For example, you might need to have extended coverage for jewelry and antiques or specific coverage for a trampoline or swimming pool.

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What are some of the biggest risks when owning a home in Louisiana? 

Louisiana homeowners face some of the steepest insurance rates in the country, thanks to the state’s unfortunate knack for attracting natural disasters like hurricanes and floods. But tornadoes can also pop up.

With eight types of homeowners insurance available, having the right coverage is key.

  • illustration card https://a.storyblok.com/f/162273/x/a0c151e1ba/accidental-tearing-apart-cracking-etc.svg

    Hurricanes

    A standard homeowners insurance policy usually covers hurricane damage. Still, there may be a catch — check your policy to find out if it requires a separate “named storm” or hurricane deductible instead of the standard deductible for other types of losses. If you don’t already have coverage, don’t wait to buy it. Most companies suspend sales once hurricanes or tropical storms form.[5]

  • illustration card https://a.storyblok.com/f/162273/150x150/56dd10ca36/climate-change-96x96-yellow_013-flood.svg

    Floods

    Homeowners policies don’t cover flood damage. For peace of mind, you must have a separate insurance policy. Your current insurer may offer flood insurance. If not, look to the National Flood Insurance Program (NFIP). Keep in mind that NFIP policies limit coverage to $250,000 for your house and $100,000 for your belongings, but you can buy additional flood insurance from a private insurer if you need higher limits.

  • illustration card https://a.storyblok.com/f/162273/150x150/d2251ba1fd/weather-96x96-blue_018-tornado.svg

    Tornadoes

    Peak tornado season in Louisiana is MarchMay, but the Gulf Coast hurricane season, which runs JuneNovember, can also bring occasional tornadoes.[6] Fortunately, standard home insurance policies cover tornado damage. It’s essential to check your policy limits and coverages to ensure you have the protection you need so you aren’t caught off guard.

Louisiana homeowners insurance FAQs

If you’re shopping for home insurance in Louisiana, this additional information may help as you research your coverage options.

  • How much is home insurance in Louisiana?

    Home insurance in Louisiana costs an average of $6,354 per year for $300,000 in dwelling coverage with a $1,000 deductible. But many factors affect the price you’ll pay for a policy, including your location, the age of your home, and the type of coverage you choose.

  • Which company has the cheapest homeowners insurance in Louisiana?

    ASI has the cheapest homeowners insurance in Louisiana. Its premiums average $1,343 per year, or $112 per month.

    Other affordable insurers in the state include Centauri and Encompass, with average annual premiums of $2,968 and $3,226, respectively.

  • Does Louisiana require homeowners insurance?

    No. Louisiana doesn’t require homeowners insurance. But if you have a mortgage on your home, your lender will require you to have a home insurance policy.

    It’s important to carry this coverage even if you’ve paid off your home because it can protect you financially if something damages or destroys your home and you have to rebuild or make extensive repairs.

  • Why is homeowners insurance so high in Louisiana?

    Homeowners insurance is so high in Louisiana because the state is prone to natural disasters like hurricanes and floods. These weather events can cause extensive damages, and insurance companies in high-risk areas raise rates to account for the increased likelihood of homeowners filing claims.

Sources

  1. Sea Grant Louisiana. "Homeowners Handbook to Prepare for Natural Disasters."
  2. Louisiana State University. "2023 Louisiana Survey Shows Homeowners Face Insurance Challenges."
  3. Louisiana State Legislature. "HB671 Insurance/Rates."
  4. Insurance Information Institute. "How to save money on your homeowners insurance."
  5. Louisiana Department of Insurance. "Consumer's Guide to Homeowners Insurance."
  6. Louisiana Governors Office of Homeland Security & Emergency Preparedness. "Tornadoes."
Amy Beardsley
Amy BeardsleyInsurance Writer

Amy is a personal finance and technology writer. With a background in the legal field and a bachelor's degree from Ferris State University, she has a talent for transforming complex topics into content that’s easy to understand. Connect with Amy on LinkedIn.

Ashley Cox
Edited byAshley CoxSenior Managing Editor
Headshot of Managing Editor Ashley Cox
Ashley CoxSenior Managing Editor
  • 7+ years in content creation and management

  • 5+ years in insurance and personal finance content

Ashley is a seasoned personal finance editor who’s produced a variety of digital content, including insurance, credit cards, mortgages, and consumer lending products.

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Andrew Huang
Data reviewed byAndrew HuangVice President, Performance Marketing
Headshot of Andrew Huang, Directory of Analytics at Insurify
Andrew HuangVice President, Performance Marketing
  • Chartered financial analyst

  • 12+ years in data analysis and marketing

Andrew applies his vast knowledge of analytics and insurance industry trends to help inform Insurify’s content and marketing efforts.

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