In Shreveport, Louisiana, ASI is both the overall best and cheapest choice for home insurance. If customer service is your priority, however, The Hanover is best. These companies cater to different needs and choosing the best cheap home insurance depends on what's important to you, like cost, coverage and service.
Best and Cheapest Home Insurance in Shreveport, LA (2024)
Updated: November 29, 2024
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Best HomeInsuranceShreveport, LATable of Contents
Best Overall - Auto-Owners Insurance
Best for Service - Erie
Best Cheap - Auto-Owners Insurance
Cheapest Overall - ASI
Cheapest for New Homes - ASI
Why Trust MoneyGeek? We used data from Louisiana's Department of Insurance and Quadrant Information Services to find the best homeowners insurance in Shreveport.
In Shreveport, the rates for home insurance represent the most competitive quotes available as of September 2024.
1,382,400Quotes Analyzed
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8Companies Compared
Overview: Best Home Insurance Companies in Shreveport, LA
ASI is the best option in Shreveport, Louisiana for 100K dwelling coverage with a MoneyGeek score of 83 out of 100. The scores for home insurance companies in Shreveport, Louisiana range from 35 to 83. These figures reflect MoneyGeek's scoring system — insurers may receive different scores based on your credit history, age of your home, etc.
Data filtered by:Results filtered by:
Category:
Category:Best Overall
Coverages:
Coverages:1 - $100K Dwelling
| Foremost Insurance | 83 | $876 |
| ASI | 83 | $487 |
| The Hanover | 81 | $1,134 |
| State Farm | 68 | $2,067 |
| Allstate | 62 | $2,132 |
| Shelter | 56 | $2,263 |
| Louisiana Farm Bureau | 35 | $2,703 |
Overall Best Home Insurance in Shreveport, LA
ASI is the best option in Shreveport, Louisiana, for $100K dwelling coverage. The two best overall home insurance companies in Shreveport for $100K dwelling coverage are:
- ASI: MoneyGeek score of 83 out of 100 ($487 per year)
- Foremost Insurance: MoneyGeek score of 83 out of 100 ($876 per year)
ASI stands out as the best home insurance provider due to its affordability and solid customer satisfaction, which are major contributors to its high MoneyGeek score.
In Shreveport, Louisiana, there are many companies with different cost and service experiences; although cost is important, you should also consider customer service and claims processing, which play a key role when you need to make claims.
Best OverallASI
MoneyGeek Score:
83/ of 100
Overview
ASI scores high in affordability and satisfaction, making it the best overall company. It offers comprehensive home insurance coverage with scheduled personal property. You can save with discounts like the non-smoker discount and homebuyer. These help reduce costs for those who qualify.
ASI provides useful coverages like scheduled personal property, which protects valuable items like jewelry. This is an add-on, meaning you can choose it if needed. Its high affordability and satisfaction scores make it a great choice for homeowners looking for reliable coverage.
Best Home Insurance for Customer Service in Shreveport, LA
The Hanover offers the best customer service in Shreveport, Louisiana, for 100K dwelling coverage. When considering 100K dwelling coverage, the top two providers are:
- The Hanover: MoneyGeek score of 87 out of 100 ($1,134 per year)
- State Farm: MoneyGeek score of 83 out of 100 ($2,067 per year)
The Hanover is the best choice due to its strong customer satisfaction and comprehensive coverage options. Despite its lower affordability score, its high customer satisfaction makes it appealing. Excellent service in home insurance means providing fast and helpful support when you need it most.
Best for Service QualityHanover
MoneyGeek Score:
87/ of 100
Overview
The Hanover scores high in customer satisfaction and coverage, making it a top choice. It offers comprehensive home insurance with equipment breakdown and guaranteed replacement cost. You can also qualify for discounts by having a new home or being a recent homebuyer.
The Hanover offers equipment breakdown, which covers unexpected appliance issues. Guaranteed replacement cost ensures your home is rebuilt fully if damaged. Service line coverage protects against costs from damaged utility lines. These coverages are valuable for keeping your home safe and covered.
Best Cheap Home Insurance in Shreveport, LA
ASI is the best cheap home insurance company in Shreveport, Louisiana. The top two best cheap insurance providers for $100K dwelling coverage are:
- ASI: MoneyGeek score of 91 out of 100 ($487 per year)
- Foremost Insurance: MoneyGeek score of 84 out of 100 ($876 per year)
ASI stands out due to its top affordability score. Cheap home insurance often means lower coverage, which can save money but may not cover enough in an accident. In instances where saving on premiums is a priority, considering the cheapest homeowner insurance companies may be beneficial.
What sets the best cheap home insurance apart from the cheapest is its value for money, balancing cost with the coverage that meets a homeowner's needs without being expensive.
Best CheapASI
MoneyGeek Score:
91/ of 100
Overview
ASI is the best cheap company with high scores in affordability and satisfaction. It offers Scheduled personal property as an add-on, but lacks some rare coverages. Discounts like non-smoker discount and homebuyer help save money. Non-smokers can qualify for savings.
ASI provides valuable coverages like scheduled personal property for extra jewelry protection. Discounts such as non-smoker discount and homebuyer offer savings.
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Rates updated:
Dec 12, 2024
Homeowners insurance in Shreveport depends on many factors, with location being one. Comparing insurance rates is key to saving money, but it can take up to 15 minutes per company. Checking rates for three companies could take more than an hour. MoneyGeek's home insurance calculator simplifies this. Enter basic details like age and credit score for a quick rate estimate.
Cheapest Home Insurance in Shreveport, LA
ASI is the best option in Shreveport, Louisiana. The most important factor impacting home insurance premiums is the dwelling coverage you pick.
- For 100K Dwelling Coverage: ASI: $486 per year
- For 250K Dwelling Coverage: ASI: $880 per year
- For 500K Dwelling Coverage: ASI: $1,629 per year
ASI stands out in Shreveport, Louisiana, with the lowest cost. It is also rated the best, scoring 91. For $250K coverage, ASI remains the cheapest with its excellent score. At the $500K level, ASI is still the most affordable while maintaining top score. Opting for the cheapest homeowners insurance in Louisiana can help you handle your budget easily.
Data filtered by:Results filtered by:
Coverages:
Coverages:$100K Dwelling
| ASI | $486 |
| Foremost Insurance | $876 |
| The Hanover | $1,134 |
| State Farm | $2,067 |
| Allstate | $2,132 |
| Shelter | $2,263 |
| Louisiana Farm Bureau | $2,703 |
Cheapest Home Insurance for High-Value Homes in Shreveport, LA
ASI is the cheapest option for high-value home insurance in Shreveport, LA. High dwelling coverage is necessary for homes that would cost more to replace, and home insurance costs increase with higher coverage amounts.
- Cheapest for $750K Dwelling Coverage: ASI: $2,310 per year
- Cheapest for $1M Dwelling Coverage: ASI: $2,982 per year
ASI stands out as the lowest-cost provider in Shreveport, LA, offering significant savings with its yearly premium. Although ASI is the cheap choice, it may not necessarily be the best.
Data filtered by:Results filtered by:
Coverages:
Coverages:1 - 750K dwelling
| ASI | $2,310 |
| Allstate | $7,182 |
| Foremost Insurance | $7,345 |
| State Farm | $8,561 |
| The Hanover | $8,634 |
| Shelter | $15,545 |
| Louisiana Farm Bureau | $20,344 |
Cheapest Home Insurance for New Homes in Shreveport, LA
ASI is the top choice for new homes in Shreveport, Louisiana, offering the lowest annual premium for dwelling coverage of $100K.
- Cheapest for $100K Dwelling Coverage: ASI: $262 per year
- Cheapest for $250K Dwelling Coverage: ASI: $426 per year
- Cheapest for $500K Dwelling Coverage: ASI: $732 per year
ASI stands out as the most affordable option due to its low premiums for new homes in Shreveport, though it might not always rate highest in overall quality.
Data filtered by:Results filtered by:
Coverages:
Coverages:1 - $100K Dwelling
| ASI | $262 |
| Foremost Insurance | $548 |
| The Hanover | $838 |
| Allstate | $1,145 |
| State Farm | $1,241 |
| Shelter | $1,378 |
| Louisiana Farm Bureau | $1,966 |
How to Find the Best Home Insurance for You in Shreveport, LA
The best cheap homeowners insurance providers balance quality and cost, offering great customer service and coverage with affordable premiums. In Shreveport, the best cheap homeowners insurance depends on your needs.
Consider factors like coverage limits, deductibles, and provider reputation. Follow these steps to get the best cheap home insurance:
- 1
Evaluate Your Insurance Needs
To determine how much home insurance coverage you need, consider the specifics of your home in Shreveport, Louisiana. Think about rebuilding costs, personal property value and liability coverage.
- 2
Compare Different Providers
Research insurance companies operating in Shreveport, Louisiana. Look for those with good financial health, positive customer feedback and a history of reliable service.
- 3
Compare Coverage and Costs
After identifying your coverage needs, compare home insurance quotes. In Shreveport, Louisiana, premiums for $100K dwelling coverage range from $486 with ASI to $2,263 with Shelter annually.
- 4
Ask About Discounts
Inquire with each provider about discounts you might qualify for, such as those for combining policies, installing safety devices or having a claims-free history.
- 5
Increase Your Deductible
Opting for a higher home insurance deductible can reduce your premium, but ensure it's an amount you can afford if you need to file a claim.
- 6
Improve Home Security
Enhancing your home's security with systems and strong locks can lower its risk profile and potentially decrease insurance costs.
- 7
Maintain Good Credit
Keep a strong credit score in Shreveport, Louisiana, as it can influence your insurance rates. Pay bills on time and minimize outstanding debt.
- 8
Bundle Policies
Consider bundling your homeowners insurance with other policies, like auto insurance, to achieve potential discounts and savings.
FAQ: Best Cheap Home Insurance in Shreveport, LA
The best cheap home insurance provider for you in Shreveport depends on your coverage needs and budget. Get answers to some of the most commonly asked questions about the best cheap insurance rates in Shreveport, Louisiana.
How much is home insurance in Shreveport, Louisiana, on average?
The average cost of home insurance in Shreveport, Louisiana, is $1,388.
What is the cheapest home insurance company in Shreveport, Louisiana?
The cheapest home insurance company in Shreveport, Louisiana, is ASI with an annual premium of $486.
What is the best home insurance company in Shreveport, Louisiana?
The best home insurance in Louisiana for Shreveport residents is provided by ASI, with a MoneyGeek score of 83 out of 100.
About Mark Fitzpatrick
Mark Fitzpatrick is a Licensed Property and Casualty Insurance Producer and MoneyGeek's Head of Insurance. He has analyzed the insurance market for over five years, conducting original research and creating personalized content for every kind of buyer. He 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.