Louisiana Homeowners Insurance Calculator: Estimate Your Policy Cost

MoneyGeek’s homeowners insurance calculator for Louisiana estimates your premium based on many variables, such as the value of your home, the amount of dwelling coverage you want and your deductible.

The annual cost of homeowners insurance in Louisiana for a $250,000 dwelling coverage policy is around $4,552. Compared to the national average cost of $2,417, which is over 88% more expensive, Louisiana ranks 49th amongst states for the cheapest coverage at this level.

Advertising & Editorial DisclosureLast Updated: 12/7/2022
Edited By     |  
Written By     |  
moneygeek-logo

Home Insurance Calculator

State

Louisiana

Dwelling Coverage

$100,000

Deductible

$500

Liability

$300,000

Personal Property

$20,000

Credit Score

Excellent
moneygeek-logo

low end

on average

high end

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

widget-location-pin
tip icon
MONEYGEEK EXPERT TIP

To assist you in finding affordable Louisiana homeowners insurance, MoneyGeek compared insurance policies from several companies. We discovered that State Farm offers the most affordable home insurance policy in Louisiana.

However, if you're looking for the best Louisiana homeowners insurance with excellent customer service and a competitive price, MoneyGeek has done the research. We examined quotes from many insurance companies to assist you in selecting the option that best suits your requirements.

How to Estimate the Cost of Your Homeowners Insurance Policy in Louisiana

Your specific requirements and personal profile will determine how much you pay for homeowners insurance in Louisiana. The age influences your insurance rate, the cost to rebuild and the location of your home, plus your credit history and policy choices.

To get an accurate estimate of your homeowners insurance premium in Louisiana, use MoneyGeek’s Louisiana homeowners insurance calculator. Select your preferences for each section.

  • This is an icon

    Louisiana

    Your homeowners insurance premium is affected by the location of your home in Louisiana. If your area experiences a large number of incidents of crime, fires or natural disasters, insurance companies will view your home as a higher risk to cover. Consequently, they charge you a high premium.

    On the other hand, if there aren't a lot of potential risks in your city, you may expect to pay a lower premium.

  • This is an icon

    Dwelling Coverage

    If your home is physically damaged or destroyed as a result of a peril that is covered by your policy, dwelling coverage is the amount the insurer will pay up to for repairs or replacement.

    You can determine the replacement value of your home with the help of a skilled home appraiser. You may also request assistance from your insurer in estimating the amount.

    Keep in mind that the average dwelling coverage amount in Louisiana is $100,000.

  • This is an icon

    Deductible

    If you claim your homeowners insurance policy, the deductible is the amount you are responsible for paying out of pocket before your insurance coverage kicks in.

    For instance, if your home insurance policy deductible is $1,000 and your claim is worth $10,000, you would be responsible for $1,000, and your insurer will cover the remaining $9,000.

    If you want a lower monthly premium, you might go for a higher deductible.

  • This is an icon

    Liability

    Liability insurance will cover costs associated with someone being injured on your property or damage to their property due to your negligence. There is coverage for legal bills, replacement costs, medical expenses, pain and suffering and death benefits.

    Purchase sufficient liability coverage to protect your assets. Increasing the limit of your liability insurance by tens of thousands of dollars may only cost you a few extra dollars every month.

  • This is an icon

    Personal Property

    Everything you own, except for your primary residence, is protected by your personal property coverage. That can include clothing, electronics, furniture and other personal possessions.

    Use the calculator below to discover how much personal property insurance you need. It can help guarantee that you have adequate coverage for your needs.

  • This is an icon

    Credit Score

    Insurance companies in Louisiana will consider your credit score as one factor among many when determining the cost of your monthly premium for homeowners insurance.

    Homeowners with lower credit ratings may be more likely to file a claim, so insurers consider them higher-risk clients. In Louisiana, the cost of homeowners insurance will be greater if you have poor credit.

clothing

Total:


Insurance Rates

widget-location-pin

Average Cost of Home Insurance in Louisiana

Louisiana ranks among the most expensive states for homeowners insurance. The average annual cost of homeowners insurance in Louisiana for $250K of dwelling coverage is $4,552. Homeowners in the state could expect to pay around 88% more than the national average.

The following table provides a breakdown by dwelling coverage amount of the average cost of homeowners insurance in Louisiana. Review it if you want a higher or lower amount than $250K.

Average Annual Premium in Louisiana for Homeowners Insurance

Scroll for more

swipe icon
  • Dwelling Coverage Amount
    Average Annual Premium
  • $100,000
    $2,198
  • $250,000
    $4,552
  • $500,000
    $9,628
  • $750,000
    $15,066
  • $1,000,000
    $20,174
  • $2,000,000
    $40,794
  • $3,000,000
    $61,493
tip icon
MONEYGEEK EXPERT TIP

It is imperative to have sufficient dwelling coverage to cover the expense of rebuilding your home. However, before you go ahead and purchase homeowners insurance, it is essential to give some thought to the level of dwelling coverage you require.

The ultimate cost to replace your home is determined by a number of factors, some of which include the dimensions (height, square footage, etc.) of the home and labor costs. An appraiser can help you estimate reconstruction expenses.

Remember that an inaccurate home insurance estimate in Louisiana could result in significant additional expenses if you need to rebuild your home. For added protection, you can purchase extended replacement coverage or inflation guard coverage.

Average Cost of Home Insurance in Louisiana Cities

The cost of homeowners insurance may vary substantially based on your location. The following MoneyGeek table displays the average premium for several cities in Louisiana, revealing how much rates can vary from city to city.

Average Annual Premium in Louisiana Cities for Homeowners Insurance

Scroll for more

swipe icon
  • City
    Average Annual Premium ($100K Dwelling Coverage)
    Average Annual Premium ($250K Dwelling Coverage)
  • Baton Rouge
    $1,552
    $3,285
  • Metairie
    $2,784
    $6,263
  • New Orleans
    $2,229
    $4,500
tip icon
MONEYGEEK EXPERT TIP

If you are not concerned about pricing, MoneyGeek recommends purchasing homeowners insurance from Allstate because it is the best nationwide provider. To assist you in selecting the finest company for your needs, we have hand-selected the leading homeowners insurance companies for distinct profiles.

Frequently Asked Questions About Home Insurance in Louisiana

Your homeowners insurance premium in Louisiana can vary depending on your personal profile, residence and carrier. MoneyGeek has compiled answers to the most commonly asked questions regarding homeowners insurance in Louisiana to assist you.

Methodology

To determine the average cost of homeowners insurance in Louisiana, MoneyGeek sourced pricing data from Quadrant Information Services.

MoneyGeek chose a standard home profile to provide the most reliable and relevant data for developing a thorough analysis of homeowners insurance.

This standard home profile consists of the following attributes:

  • Construction year: 2000
  • Construction type: Frame
  • Composition roof
  • Three-mile radius of a fire department
  • Assumed value of other structures on the property: 10% of the dwelling coverage
  • Personal property coverage: 40% of the dwelling coverage
  • Liability limit: $100,000
  • Deductible: $1,000

About the Author


expert-profile

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.