Best Homeowners Insurance in Louisiana (2024)


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Updated: October 3, 2024

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State Farm is the best home insurance company in Louisiana, tailored to your specific needs. Cost-conscious consumers will find ASI the most affordable choice in the state. For those needing expensive dwelling coverage, State Farm is again the insurer of choice.

Our comparison utilizes a $100,000 dwelling coverage limit for quote collection. The amount of dwelling coverage needed significantly impacts your insurance premium. MoneyGeek also analyzed the cheapest home insurance in Louisiana if cost is your main concern, without emphasizing service quality.

MoneyGeek Logo IconBest HomeInsuranceLouisiana
2024

Why Trust MoneyGeek? We meticulously compiled information from both the Louisiana Department of Insurance and Quadrant Services into a shortlist to help you find the premier homeowners insurance in Louisiana.

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Home insurance rates in Louisiana represent the latest quotes as of July 2024.

1,382,400Quotes Analyzed
 
8Companies Compared
 
15ZIP Codes

Overall Best Homeowners Insurance in Louisiana

State Farm stands as the premier company for home insurance in Louisiana, offering the highest ranked coverage in this southern state. Those seeking top-tier home insurance need to look no further than the best overall homeowners insurance providers in Louisiana presented below.

  • State Farm: MoneyGeek score of 86 out of 100 ($1,916 per year)
  • The Hanover: MoneyGeek score of 85 out of 100 ($1,658 per year)

Balancing cost with good service is vital, and each homeowner's individual needs dictate which provider is the best fit for them. It's not just about finding the lowest price but also securing reliable service that will stand up to the specific demands of living in Louisiana.

Company logo for State Farm
Best OverallState Farm
MoneyGeek Score:
86/ of 100

Overview

Louisiana's top-ranking home insurer, State Farm, excels in customer satisfaction. The average annual premium is $1,916. Residents in Louisiana can benefit from very rare discounts on roof replacement cost, which could significantly decrease premiums for homes with impact-resistant roofing. Additionally, the company offers reasonably rare earthquake coverage for home damage.

Best Homeowners Insurance in Louisiana for Customer Service

The Hanover stands out as the provider offering the best home insurance in Louisiana. It is specifically acclaimed for its top-notch service quality. Homeowners seeking exemplary service will find that the top two home insurance providers in Louisiana are below.

  • The Hanover: MoneyGeek score of 87 out of 100 ($1,658 per year)
  • State Farm: MoneyGeek score of 83 out of 100 ($1,916 per year)

Opting for insurers with high service quality ensures that, in the event of a claim, you're met with efficient, caring support, making a challenging time more manageable.

Company logo for Hanover
Best for ServiceHanover
MoneyGeek Score:
87/ of 100

Overview

The Hanover excels in Louisiana, with a customer satisfaction score of 55 out of 65, often indicating top-tier service. Homeowners benefit from its reasonably priced average annual premium of $1,658.

Notable among their reasonably common coverages is the equipment breakdown protection, guarding against unexpected appliance failures. Additionally, its guaranteed replacement cost ensures homes are rebuilt to original standards without concern for increasing construction prices.

Best Cheap Homeowners Insurance in Louisiana

For Louisiana homeowners on a budget, ASI stands out as the leader in offering affordable home insurance. Seek the best and cheapest homeowners insurance providers in Louisiana for cost-conscious residents below.

  • ASI: MoneyGeek score of 91 out of 100 ($516 per year)
  • Foremost Insurance: MoneyGeek score of 87 out of 100 ($1,300 per year)

With an affordability score of 75 out of 75, ASI's offerings are highly cost-effective. However, cheaper premiums don't always equate to superior service. Prioritizing an insurer that delivers a good balance of competitive rates and reliable service is crucial. For instance, a homeowner might prefer a slightly higher average cost of home insurance in Louisiana for a more responsive claims experience.

Company logo for ASI
Best CheapASI
MoneyGeek Score:
91/ of 100

Overview

ASI stands out in Louisiana with a perfect affordability score of 75 out of 75, appealing to homeowners on a budget. The company's average annual premium is $516, offering economical home insurance solutions.

ASI helps homeowners lower costs further through a variety of discounts, such as bundling policies and installing protective devices. Bundling can lead to significant savings by combining home insurance with other policies like auto insurance. Protective devices, such as smoke detectors and security systems, not only enhance home security but also reduce insurance premiums.

Best Homeowners Insurance in Louisiana for Expensive Homes

State Farm is the top choice for homeowners in Louisiana with expensive homes. The providers listed stand out as the best in Louisiana for expensive homes requiring at least $1 million in dwelling coverage.

  • State Farm: MoneyGeek score of 88 out of 100 ($10,058 per year)
  • ASI: MoneyGeek score of 83 out of 100 ($3,201 per year)

State Farm has an affordability score of 49 out of 55. With expensive homes needing more coverage, which can lead to potentially higher costs, it's critical to find an insurer that provides a strong cost-quality balance.

Company logo for State Farm
Best for Expensive HomesState Farm
MoneyGeek Score:
88/ of 100

Overview

State Farm stands out as the best home insurance provider for expensive homes in Louisiana, with an affordability score of 49 out of 55 and an average annual premium of $10,058. Homeowners can lower their costs by using the protective device discount, which rewards the installation of security systems.

Adding scheduled personal property coverage is a smart move for expensive homes, ensuring valuables like jewelry are protected.

Best Homeowners Insurance in Louisiana for New Homes

Foremost Insurance stands out with the best coverage for new homeowners in Louisiana. Below are the best options for homeowners insurance with $500K in dwelling coverage in the state tailored for new properties.

  • Foremost Insurance: MoneyGeek score of 73 out of 100 ($3,875 per year)
  • The Hanover: MoneyGeek score of 63 out of 100 ($6,260 per year)

Foremost Insurance's affordability score, a solid 55, joined with a commendable service score of 30, offers homeowners an ideal mix of value and reliability.

Company logo for Foremost
Best for New HomesForemost
MoneyGeek Score:
73/ of 100

Overview

Foremost Insurance holds the top spot for best home insurance for new homes in Louisiana, achieving an affordability score of 55 out of 55 with an average annual premium of $3,875. Its guaranteed replacement cost coverage ensures full reconstruction of your new home after a total loss without depreciation.

Foremost Insurance rewards homeowners with ways to save through a reasonably common newly constructed home discount for modern properties and the more common protective device discount, offered to homes equipped with safety devices.

Best Homeowners Insurance in Louisiana for Veterans

For veterans, USAA is the unmatched home insurance provider in the state with exclusive policies for military members and their families. USAA's annual premium stands at $1,634. Discover the leading and most affordable homeowners insurance providers in Louisiana for veterans and military families below.

  • USAA: MoneyGeek score of 87 out of 100 ($1,634 per year)
  • Foremost Insurance: MoneyGeek score of 82 out of 100 ($1,300 per year)

The ideal homeowners insurance for veterans caters specifically to their lifestyle, accounting for regular moves and possible deployment to ensure their residence and possessions remain safeguarded always.

Company logo for USAA
Best for VeteransUSAA
MoneyGeek Score:
87/ of 100

Overview

USAA exclusively caters to military families with strong affordability in Louisiana and a perfect customer claims satisfaction score of 30 out sometimes an average annual premium of $1,634. The personal property replacement cost coverage, including for enhanced protection, covers costs to replace items at current prices without depreciation.

USAA offers a protective device credit for homes with security systems and a connected home discount for residences utilizing smart home technologies, both promoting safety and savings for veterans.

How to Find the Best Homeowners Insurance in Louisiana for You

The best homeowners insurance blends exceptional customer service and comprehensive coverage with affordable premiums. Discovering optimal coverage depends on individual circumstances, including asset value and risk tolerance. Below, we outline the steps necessary to identify insurance that best suits your needs.

1
Assess Your Insurance Needs

Begin by determining how much home insurance coverage you need. Consider factors such as the value of your home, personal belongings and potential risks specific to your location.

2
Research Various Providers

Gather information on multiple insurance companies. Look into their reputations, track record of customer satisfaction and the policies they offer.

3
Compare Coverage and Costs

After shortlisting potential providers, compare home insurance quotes to ensure you’re getting the best deal. Look beyond the premiums and consider deductibles, policy limits and exclusions.

4
Understand the Policy Details

Ensure that you have a thorough understanding of the policy's intricacies. Pay close attention to the extent of coverage, whether it includes replacement cost or actual cash value for personal property, the types of covered perils and any additional coverage options that may be necessary for your situation.

5
Consult With an Independent Agent

An independent insurance agent can help clarify the finer points of different policies and provide expert advice tailored to your needs.

FAQ: Homeowners Insurance in Louisiana

Selecting the best homeowners insurance provider in Louisiana hinges on your unique requirements and preferences. With that in mind, we've compiled a list of frequently asked questions about the best homeowners insurance providers

Which insurance company is best for home insurance in Louisiana?
Who has the most affordable homeowners insurance in Louisiana?