State Farm offers the best life insurance in Louisiana and across the country, earning a MoneyGeek Score of 99 out of 100 for excellent customer service, affordability, and coverage options. We also recommend GEICO, Haven, Nationwide and Mutual of Omaha as some of the best affordable alternatives.
Best Life Insurance Companies in Louisiana (June 2025)
Updated: June 8, 2025
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Key Takeaways
While life insurance rates don't vary by state, the top providers in Louisiana include State Farm, GEICO, Haven, Nationwide, and Mutual of Omaha.
GEICO offers the cheapest life insurance in Louisiana and nationwide, with rates starting at $5 per month for coverage.
To find the best life insurance in Louisiana, decide on your coverage needs, research costs, and compare various providers.
Best Life Insurance Providers in Louisiana
| State Farm | 99 | $9 |
| GEICO | 98 | $5 |
| Haven | 97 | $9 |
| Nationwide | 97 | $5 |
| Mutual of Omaha | 96 | $6 |
*Rates presented are for coverage levels between $250-$500K for a 20 year term life insurance plan for a 40-year-old man in good health who does not smoke.
Best Life Insurance in Louisiana by Category
While the top life insurance provider in Louisiana is a solid choice for many, your ideal match might differ based on personal needs. Below, we break down the best providers for different buyer profiles.
| Young Adults | GEICO | $1 |
| Seniors | GEICO | $21 |
| Smokers | GEICO | $8 |
| High Coverage | GEICO | $14 |
Compare Personalized Best Louisiana Life Insurance Picks
To help you find the best life insurance match, we've added a filterable table below, allowing you to tailor our recommendations to fit your unique profile seamlessly.
Data filtered by:Results filtered by:
Select
Age:41-50
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Gender:M
Select
Coverage Level:250k-500k
Select
Term:10
Select
Health Level:Excellent
| State Farm | 99 | $9 |
| GEICO | 98 | $5 |
| Nationwide | 97 | $6 |
| Haven | 97 | $14 |
| Mutual of Omaha | 96 | $6 |
| Protective | 95 | $9 |
| Prudential | 94 | $8 |
| AAA | 92 | $11 |
| Allstate | 92 | $7 |
| Transamerica | 90 | $6 |
Rates in this table differ from the main comparison due to the broader age range (41 to 50 vs. 40) and flexible term selection rather than a fixed 20-year term.
How to Find the Best Life Insurance in Louisiana
Below we've broken down some key tips to help you find the best life insurance in Louisiana:
- 1
Decide coverage beforehand
Finding out how much life insurance you need before purchasing is crucial. It allows you to compare prices fairly and avoid being oversold by agents. Knowing your coverage details upfront ensures a budget-friendly choice.
- 2
Research costs for your profile
Checking average life insurance costs for your coverage level and profile can confirm if you’re getting a good deal. Often, location does not affect life insurance rates, so focus on finding the right policy for your needs.
- 3
Compare company reputations
While rates don't vary by state, understanding a company's reputation locally can guide you to a better choice. Use resources like J.D. Power, online forums, and independent agents to assess top providers.
- 4
Compare quotes through multiple avenues
Pricing can vary depending on the source, whether it be an independent agent, online resource, or agent, so explore multiple avenues for the best results.
Best Life Insurance in Louisiana: Bottom Line
In Louisiana, MoneyGeek's top three life insurance picks are State Farm, GEICO, and Haven. While these companies score high in our analysis, it's wise to assess your own coverage needs and shop around for quotes to secure the most affordable plan.
Louisiana Life Insurance: FAQ
Below are our expert answers to frequently asked questions about life insurance in Louisiana.
What is the best life insurance in Louisiana?
In Louisiana, State Farm earns the top spot for life insurance with nationwide praise for its service, reasonable pricing, and quality term policies.
How do you get the best life insurance in Louisiana?
To secure the best life insurance in Louisiana, set your coverage goals, thoroughly evaluate insurers, and compare multiple quotes for well-informed decisions.
Do life insurance rates differ by state?
No, life insurance rates are generally consistent across states, yet coverage details and policy enhancements may be location-specific.
How We Decided the Best Life Insurance in Louisiana
MoneyGeek created a scoring system to compare life insurance companies across five categories and ranked them based on their scores. We selected companies to review based on their broad national coverage and ability to provide an online quote.
MoneyGeek's Scoring System
In our unique scoring system, companies can earn up to five points in each of five categories. We then use these category scores to calculate an overall MoneyGeek score out of 100. We applied the following base weightings to score insurers:
- Affordability: 60%
- Financial Stability: 5%
- Buying Process: 5%
- Customer Satisfaction: 20%
- Product Diversity: 10%
Each company's score incorporates:
- Cost data obtained through online quotes
- Financial strength ratings from AM Best and the number of years in business
- Customer satisfaction data from the National Association of Insurance Commissioners (NAIC) customer complaint index (we reviewed annual complaint data from 2020 to 2022, the most recent year available)
- Availability of tools to aid in the buying process, such as online product materials and multiple payment options
- Diversity of life insurance products offered
Sample Customer Profile
MoneyGeek used a standard profile to obtain life insurance quotes in Louisiana:
- 40-year-old nonsmoker
- Average height and healthy weight
- Excellent health rating
We modified the profile by age, gender, height, weight, tobacco use, health rating and geographic location to collect a variety of quotes and determine the best life insurance company for several types of customers. We collected quotes for term life insurance with varying term lengths and coverage amounts, as well.
When necessary, we identified trends in the dataset and used those patterns to calculate projections and extend the data beyond what was originally collected.
About Mark Fitzpatrick
Mark Fitzpatrick is a senior content director at MoneyGeek with over five years of experience analyzing the insurance market, conducting original research and creating content that can be personalized for every buyer. He has been quoted on insurance topics in several publications, including CNBC, NBC News and Mashable.
Mark 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 economics and insurance knowledge to bring transparency around financial topics and help others feel confident in their money moves.