Average Costs and Cheapest Homeowners Insurance Companies in Louisiana

The average cost of insuring your home in Louisiana is $1,625 per year for a dwelling coverage limit of $100,000. State Farm provides the most reasonable insurance policy at an annual cost of $901 per year. These averages represent a specific policy type as well as home and cater to various homeowners. MoneyGeek analyzed multiple types of homes and homeowners in Louisiana to help you to choose the best home insurance for your needs.

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Last Updated: 6/25/2022
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The best home insurance company for you can vary. For instance, State Farm is the best insurance provider for homeowners in Louisiana overall, for homes with a pool, expensive homes and new homes. However, Allstate is best for those with a poor credit score. To calculate and provide you with low-cost homeowners insurance options in Louisiana, MoneyGeek collected thousands of quotes from different providers.

If you’re looking to balance affordability with a strong service experience, MoneyGeek also scored the best home insurance companies in Louisiana.

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The Cheapest Homeowners Insurance in Louisiana

The Cheapest Homeowners Insurance Quotes in Louisiana

To help you find the most affordable homeowners insurance in Louisiana, MoneyGeek analyzed thousands of quotes across dwelling coverage limits. We found that State Farm provides the cheapest home insurance in the state. For a standard dwelling coverage limit of $100,000 in Louisiana, the insurer charges around $901 per year.

On average, the cheapest insurers as per dwelling coverage limits are:

  • Cheapest for $100,000 - State Farm
  • Cheapest for $250,000 - State Farm
  • Cheapest for $500,000 - State Farm

To decide how much dwelling coverage you need, you should analyze the replacement cost of your home. You can check the cost of insurance for different dwelling coverage limits by toggling the table below.

CHEAPEST HOMEOWNERS INSURANCE BY DWELLING COVERAGE

Dwelling Coverage:

$100,000

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How Much Homeowners Insurance Costs in Louisiana on Average

Based on your dwelling coverage limits, the cost of home insurance can vary greatly. If the replacement cost of a home is high, then the dwelling coverage limit needs to be high. As a result, the insurance premiums will be expensive as well.

In Louisiana, the standard dwelling coverage limit is $100,000, and the average cost of insurance for this coverage is around $1,625 per year. The most expensive dwelling coverage of $3 million costs approximately $46,360. This is a difference of about $44,735.

AVERAGE COST OF HOMEOWNERS INSURANCE BY DWELLING COVERAGE

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  • Dwelling Coverage
    Average Annual Premium
  • $100,000
    $1,625
  • $250,000
    $3,620
  • $500,000
    $7,202
  • $750,000
    $11,312
  • $1,000,000
    $15,175
  • $2,000,000
    $30,742
  • $3,000,000
    $46,360

Find the Cheapest Homeowners Insurance in Louisiana With MoneyGeek’s Calculator

Different factors influence home insurance costs in Louisiana. The most common factors are the cost of dwelling, age of the house, city and others. There are other factors that impact premiums as well, such as how far your home is from the fire station or the total value of the property you need to insure.

Modify the dwelling coverage limits, deductible and other limits to see how average costs of homeowners insurance in Kentucky change depending on your specific requirements.

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Home Insurance Calculator

State

Louisiana

Dwelling Coverage

$100,000

Deductible

$500

Liability

$300,000

Personal Property

$20,000

Credit Score

Excellent
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on average

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These are annual estimates. Get a personalized quote to determine your costs.

The Cheapest Homeowners Insurance Companies for Expensive Homes

MoneyGeek evaluated thousands of quotes across home insurers for different dwelling coverages to help you find out the cheapest homeowners insurance in Louisiana.

For those who need $2 million of dwelling coverage, the most affordable home insurers in Louisiana for expensive homeowners are, on average:

  • State Farm: $9,735 per year
  • Allstate: $25,253 per year

USAA provides the second cheapest home insurance for expensive homes, but this company only offers coverage to military families.

If you need home insurance for an expensive home, then you need to keep in mind that the cost of insurance varies significantly based on the dwelling coverage limit you choose. It is wise to shop around and compare quotes across home insurers to choose the best insurance policy.

CHEAPEST HOMEOWNERS INSURANCE COMPANIES FOR HIGH-VALUE HOMES

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The Cheapest Homeowners Insurance Companies for Newer Homes

MoneyGeek researched thousands of quotes to determine the cheapest provider in Louisiana for sample homes built in 2015 with $250,000 in dwelling coverage.

On average, the cheapest insurers are:

  • State Farm: $1,237 annually
  • Allstate: $2,861 annually

USAA could be the second-cheapest option for those who belong to military families.

The age of the home matters a lot in determining the insurance premiums. For instance, you could pay around $649 more for dwelling coverage of $250,000 for a Louisiana home built in 2000 as compared to a home built in 2015.

Note that the numbers for homes built in 2000 differ from the first section due to a different ZIP code collection process.

CHEAPEST HOMEOWNERS INSURANCE COMPANIES FOR OLDER HOMES

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The Average Cost of Homeowners Insurance in Louisiana for Newer Homes

The cost of insuring older homes is higher than insuring a newly made home. This is because the use of older materials and wear and tear over the years can increase the home’s replacement cost. Older homes also become less resistant to weather or climatic changes. In Louisiana, insuring a house built in 2000 could cost around $4,315 per year. However, a house built in 2015 could cost around $3,666 to insure.

AVERAGE COST OF HOMEOWNERS INSURANCE BY HOME AGE

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  • Year of Construction
    Average Annual Premium
  • 2015
    $3,666
  • 2000
    $4,315

The Cheapest Homeowners Insurance Companies in Louisiana if You Have a Pool

People with pools usually have to pay higher premiums compared to homes without a pool.

If you are looking to insure your home and you have a pool, the most affordable insurers on average in Louisiana are:

  • State Farm: $1,649 per year
  • Allstate: $3,061 per year

Pools are additional structures that increase the area of the home. This increases the cost of insurance as well. Usually, home insurers in Louisiana also ask you to buy additional coverage for the pool.

CHEAPEST HOMEOWNERS INSURANCE COMPANIES FOR HOMES WITH A POOL

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The Average Cost of Homeowners Insurance in Louisiana for Pool Owners

Typically, homeowners will have to pay more for home insurance if they have a pool. However, in Louisiana, the average price of insurance doesn’t increase just because you have a pool. For $250,000 in dwelling coverage, homeowners will pay $4,315 regardless of whether or not they have a pool.

AVERAGE COST OF HOMEOWNERS INSURANCE WITH AND WITHOUT POOL

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  • Have a Pool?
    Average Annual Premium
  • With Pool
    $4,315
  • No Pool
    $4,315

Cheapest Home Insurance in Louisiana if You Have Poor Credit

MoneyGeek evaluated and compared thousands of home insurance quotes to help you choose the cheapest insurer in Louisiana if you have poor credit.

As per our findings, the two most affordable insurers who offer home insurance at the lowest premium possible in Louisiana for people with a bad credit score are, on average:

  • Allstate: $1,411 per year
  • State Farm: $2,024 per year

Usually, insurers charge higher premiums from people with a poor credit score. If a person has a poor credit record, it usually signifies that the person won’t be able to maintain his home properly. This can increase the risks for insurers.

CHEAPEST HOMEOWNERS INSURANCE COMPANIES FOR POOR CREDIT

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The Average Cost of Homeowners Insurance in Louisiana by Credit Score

In Louisiana, your insurance rates can vary based on your credit score. If you have an excellent credit score, you could pay around $1,405 per year less for homeowners insurance as compared to someone with a poor credit score. This is because people with excellent credit can be less risky to insure.

AVERAGE COST OF HOMEOWNERS INSURANCE BY CREDIT SCORE

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  • Credit Score
    Average Annual Premium
  • Poor
    $5,141
  • Below Fair
    $4,518
  • Fair
    $4,274
  • Good
    $3,736
  • Excellent
    $3,555

Cheap Homeowners Insurance Quotes in Your Louisiana City

The city in which you live in Louisiana can also affect your insurance premiums. MoneyGeek analyzed Baton Rouge and New Orleans and found average rates of $1,213 and $1,832, respectively.

While Allstate is the cheapest insurance provider for homeowners in Baton Rouge and costs around $527 less than the city average, in New Orleans, the most affordable home insurer is State Farm, with an average rate that is around $943 less than the city average. You can click on your city to learn more about costs and rates.

AVERAGE COST OF HOMEOWNERS INSURANCE BY CITY

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  • City
    Average Annual Rate
    Cheapest Company
    Average Annual Rate
  • Baton Rouge
    $1,213
    Allstate
    $686
  • New Orleans
    $1,832
    State Farm
    $889

How to Get Cheap Homeowners Insurance Quotes in Louisiana

To get home insurance in Louisiana, you will have to provide basic information to your carrier. In addition, you should know the value of your home and your personal belongings, as well as the worth of any add-ons you might have installed, like solar panels. The insurance firm will determine your annual premium based on your responses. This information is needed in order to get a homeowners insurance quote in Louisiana.

To get an anonymous home insurance estimate for your policy, you can use MoneyGeek’s Louisiana home insurance calculator. This compiles thousands of quotes from different home insurers to provide you with a quote.

FAQs About Home Insurance Costs in Louisiana

Home insurance rates in Louisiana depend on your coverage requirements, the insurer you choose and other factors. MoneyGeek answered some of the frequently asked questions to help you choose the best insurance policy and insurer for your home.

Methodology

MoneyGeek analyzed homeowners insurance premiums from four of the top insurance companies in Louisiana that were provided in partnership with Quadrant. Our analysis includes quotes from ZIP codes across Louisiana. Quotes were gathered with an average home profile of 2,500 square feet, built-in 2000, with an average dwelling coverage value of $500,000, liability coverage of $100,000 and personal property coverage of $100,000.

About the Author


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Mark Fitzpatrick is a senior content manager with MoneyGeek specializing in insurance. Mark has years of experience analyzing the insurance market and creating original research and content. He graduated from Boston College with a Bachelor of Arts and Johns Hopkins University with a Master of Arts.