Average Cost of Homeowners Insurance in Louisiana (2024)


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Updated: May 22, 2024

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The average cost of homeowners insurance in Louisiana in 2024 is $4,031. This figure is $1,608 more than the national average of $2,423.

Aside from coverage amount, the insurance provider has the largest impact on premiums, with the difference between the lowest and highest premiums reaching $8,076 on average. If your rates have increased, our analysis of the cheapest home insurance in Louisiana may help you find more affordable options.

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Rates updated:

Jul 12, 2024

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To establish the average cost of homeowners insurance in Louisiana, MoneyGeek used quotes from various providers for a profile that reflects the average homeowner.

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These rates reflect the average cost of home insurance in Louisiana as of 2024.

1.4MQuotes Analyzed
 
8Companies Compared
 
15ZIP Codes

Average Cost of Home Insurance in Louisiana by Coverage Amount

In Louisiana, the average annual premium for homeowners insurance with $250K in dwelling coverage, $125K in personal property coverage and $200K liability coverage is $4,031. This rate is more than the national average of $2,423.

Understanding how much coverage you need is key to protecting your home and possessions. A policy with $100K in dwelling coverage averages $1,961 annually in Louisiana. For a larger home requiring $500K in dwelling coverage, the average premium jumps to $7,682 per year.

Average Annual Home Insurance Premium Louisiana by Coverage Amount
$100K Dwelling / $50K Personal Property / $100K LiabilityAverage Annual Premium$1,961
$250K Dwelling / $125K Personal Property / $200K LiabilityAverage Annual Premium$4,031
$500K Dwelling / $250K Personal Property / $300K LiabilityAverage Annual Premium$7,682
$750K Dwelling / $375K Personal Property / $500K LiabilityAverage Annual Premium$11,687

Average Cost of Home Insurance in Louisiana by Insurer

Premiums for homeowners insurance in Louisiana can vary significantly among providers, even for similar coverage levels. For instance, while one insurer may quote a premium well below the state average, another might present a rate that exceeds it.

Louisiana homeowners looking to balance cost with quality will find value in reviewing the best homeowners insurance in Louisiana. Differences in underwriting criteria, such as the home's location and the insurer's risk assessment, contribute to these premium disparities.

Average Annual Home Insurance Premium Louisiana by Provider
Data filtered by:Results filtered by:
Coverage:
Coverage:$250K Dwelling / $125K Personal Property / $200K Liability
ASIAnnual Premium$941
State FarmAnnual Premium$2,727
USAAAnnual Premium$2,890
Foremost InsuranceAnnual Premium$3,368
AllstateAnnual Premium$3,610
The HanoverAnnual Premium$4,250
ShelterAnnual Premium$5,866
Louisiana Farm BureauAnnual Premium$8,593

Average Cost of Home Insurance in Louisiana by Credit Score

Homeowners in Louisiana with poor credit scores pay an average annual premium of $7,519 for homeowners insurance, which is $3,488 more than the state average of $4,031. In contrast, those with excellent credit pay $3,577, which is $454 below the average.

While you may not be able to improve your credit score immediately, you can enhance it over time to reduce your rates. In the short term, comparing insurers can help find savings; it takes less than 15 minutes to see the most affordable Louisiana home insurers.

Average Annual Home Insurance Premium in NJ by Credit Rating
Data filtered by:Results filtered by:
Coverage:
Coverage:$250K Dwelling / $125K Personal Property / $200K Liability
PoorAnnual Premium$7,519
Below FairAnnual Premium$5,430
FairAnnual Premium$4,618
GoodAnnual Premium$4,031
ExcellentAnnual Premium$3,577

Average Cost of Home Insurance in Louisiana by Construction and Roof Type

The type of roof on your home can influence your homeowners insurance premium in Louisiana. Materials like tile, which are more durable, can lead to lower premiums. However, the impact of roofing on insurance costs is relatively modest compared to other factors.

Similarly, the construction materials used in your home affect insurance rates. Homes built with materials that are more resistant to perils, such as fire, offer more favorable premiums. Like roofing, construction type is a less significant factor in determining insurance costs than coverage amount, credit rating and claims history.

Explore the table below to see how different materials can alter your home's insurance premiums.

Average Annual Home Insurance in Louisiana by Construction and Roofing Type
Data filtered by:Results filtered by:
Construction:
Construction:Frame
Roof Type:
Roof Type:Composition
$100K Dwelling / $50K Personal Property / $100K LiabilityAnnual Premium$1,961
$250K Dwelling / $125K Personal Property / $200K LiabilityAnnual Premium$4,031
$500K Dwelling / $250K Personal Property / $300K LiabilityAnnual Premium$7,682
$750K Dwelling / $375K Personal Property / $500K LiabilityAnnual Premium$11,687
$1M Dwelling / $500K Personal Property / $1M LiabilityAnnual Premium$14,796

Average Cost of Home Insurance in Louisiana for Newly Constructed Homes

Typically, insuring a newly constructed home in Louisiana costs less than covering an existing home. The average annual premium for new construction is $2,621, reflecting a $1,410 decrease from the $4,031 average for older homes. The table below details these premium differences across various coverage levels.

Average Annual Home Insurance Premiums: New vs. Existing Construction
Data filtered by:Results filtered by:
Coverage:
Coverage:$250K Dwelling / $125K Personal Property / $200K Liability
Existing Construction (2000)Annual Premium$4,031
New Construction (2023)Annual Premium$2,621

Average Cost of Home Insurance in Louisiana by Claims History

Louisiana homeowners who have maintained a claim-free record for five or more years pay an average annual premium of $4,031 for their homeowners insurance. In contrast, those with one claim in the past five years see their average premium rise to $4,631, a $600 increase from the baseline. Homeowners with two claims within the same period face an even steeper increase, with an average annual premium of $5,221, which is $1,190 above the average.

Average Annual Home Insurance in Louisiana by Claims Experience
Data filtered by:Results filtered by:
Coverage:
Coverage:$250K Dwelling / $125K Personal Property / $200K Liability
Claim free for 5+ yearsAnnual Premium$4,031
1 claim in past 5 yearsAnnual Premium$4,631
2 claims in past 5 yearsAnnual Premium$5,221
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LOUISIANA NATURAL DISASTERS AND HOME INSURANCE

In Louisiana, tornadoes, wildfires, hurricanes and flooding are the biggest threats to homes. Homeowners insurance typically covers hurricane and wildfire damage, but you might need a separate policy for flooding and other natural disasters.

Average Cost of Home Insurance by City in Louisiana

For the cities we analyzed, we found annual premiums ranged from $2,731 to $7,478. Baton Rouge and Shreveport feature lower premiums at $3,234 and $2,731, respectively, while Metairie sees a high of $7,478. Location influences insurance costs due to factors like crime rates, weather patterns and local building costs. Compared to other factors, location can significantly sway premiums, but it's just one piece of the puzzle.

Average Annual Home Insurance Premium by City
Data filtered by:Results filtered by:
Coverages:
Coverages:$250K Dwelling / $125K Personal Property / $200K Liability
Baton RougeAnnual Premium$3,234
LafayetteAnnual Premium$3,674
MetairieAnnual Premium$7,478
New OrleansAnnual Premium$7,117
ShreveportAnnual Premium$2,731

How to Shop for Home Insurance in Louisiana

Getting a great homeowners insurance deal in Louisiana is within reach. By exploring your options and understanding the factors that affect pricing, you can confidently find a policy that fits your budget. Here's how to find the best deal for you.

1
Understand Your Needs

Assess how much coverage you need for your home.

2
Compare Quotes

Compare home insurance quotes to find the best deal.

3
Check for Discounts

Ask about bundles or other ways to save money.

4
Review Insurers

Pick a company with a good record and fair prices.

5
Choose Your Policy

Select the coverage that fits your budget and needs.

6
Purchase Insurance

Buy your policy to protect your home and belongings.

Bundling Home Insurance With Auto Insurance in Louisiana

Homeowners can unlock savings by bundling home and auto insurance policies in Louisiana. You can save an average of 10% from a multipolicy bundle. The savings on the combined cost of auto and home insurance can range from $469 to $577 annually. This strategy simplifies your insurance management and provides a financial perk.

Home Insurance Discounts in Louisiana

Louisiana residents can take advantage of several homeowners insurance discounts.

  • Impact-resistant roofing discount for using material that can withstand severe weather.
  • Home security system discount for installing equipment that enhances security against burglaries and damages.
  • Loyalty discount for long-term policyholders.

Remember to inquire about specific discounts when obtaining a quote to maximize potential savings.

FAQ: Homeowners Insurance in Louisiana

On average, what is the cheapest insurer in Louisiana?
Is hurricane damage covered by homeowners insurance in Louisiana?
What is the biggest factor that impacts the price of homeowners insurance in Louisiana?
How much can I save bundling my home and auto insurance in Louisiana?

Additional Resources for Homeowners Insurance in Louisiana

When exploring homeowners insurance in Louisiana, a wealth of resources is at your fingertips. Whether you're seeking official regulations, affordable coverage or tools to estimate your insurance costs, the following curated list provides essential links to guide you:

About Mark Fitzpatrick


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Mark Fitzpatrick has analyzed the property and casualty insurance market for over five years, conducting original research and creating personalized content for every kind of buyer. Currently, he leads P&C insurance content production at MoneyGeek. Fitzpatrick has been quoted in several insurance-related publications, including CNBC, NBC News and Mashable.

Fitzpatrick earned a master’s degree in economics and international relations from Johns Hopkins University and a bachelor’s degree from Boston College. He is passionate about using his knowledge of economics and insurance to bring transparency around financial topics and help others feel confident in their money moves.