The Hanover and State Farm are the best cheap renters insurance companies in Louisiana. The Hanover leads with $18 monthly rates and offer extensive coverage options. State Farm excels in customer service.
Cheap Renters Insurance in Louisiana
Updated: April 25, 2025
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Key Takeaways
State Farm is the best renters insurance company in Louisiana. The Hanover offers the cheapest rates, starting at $221 annually.
Renters insurance in Louisiana costs around $38 per month but ranges from $18 to $60.
To get the best and most affordable renters insurance, decide your coverage needs beforehand, research costs and compare multiple quotes.
Louisiana Renters Insurance Quote Estimates
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Rates updated:
Apr 29, 2025
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Best Cheap Renters Insurance Companies in Louisiana
| State Farm | 95 | $28 | $342 |
| The Hanover | 94 | $18 | $221 |
| Allstate | 89 | $35 | $419 |
| ASI | 75 | $55 | $665 |
| Shelter | 73 | $60 | $722 |
*This list shows rates for a renter with good credit, no claims history, $50K in property damage coverage, $100K in liability coverage, a $1,000 deductible and guaranteed replacement.
Compare Personalized Best Cheap Renters Insurance in Louisiana
While the above list covers most renters, it may not reflect the best options for your needs. Below is a filterable table tailored to your profile to help you find the best choice in Louisiana.
Data filtered by:Results filtered by:
Select
Coverage Level:$50K Personal Property / $100K Liability
Select
Deductible:1000
Select
Claims History:Claim free for 5+ years
Select
Contents Replacement:Yes
Select
Credit Tier:Good
| State Farm | 98 | $19 | $225 |
| The Hanover | 94 | $15 | $177 |
| Allstate | 90 | $32 | $379 |
| ASI | 87 | $31 | $374 |
| Shelter | 85 | $35 | $423 |
Best Louisiana Renters Insurance Reviews
Below, we provide more details about our top picks for affordability, customer service and coverage options for Louisiana renters insurance.
The Hanover: Most Affordable Plans
pros
Lowest rates
Flexible coverage options
Strong discount opportunities
cons
No online quote presence
COMPANY HIGHLIGHTS
The Hanover offers Louisiana's cheapest renters insurance at $18 monthly. It provides flexible coverage with unique add-ons, including coverage for refrigerated products and food spoilage during power outages, lock replacement coverage and identity fraud coverage.
State Farm: Best for Customer Service
pros
High customer satisfaction rating
Affordable rates for low coverage plans
Strong add-on coverage selection
cons
Limited coverage add-on options
COMPANY HIGHLIGHTS
State Farm ranks second in Louisiana for affordable renters insurance while offering strong coverage options and customer satisfaction. J.D. Power places State Farm seventh in property insurance customer satisfaction. Despite limited coverage options, State Farm provides identity protection and personal property coverage.
Average Cost of Renters Insurance in Louisiana
The average cost of renters insurance in Louisiana is $460 per year, $218 higher than the national average of $242. These rates are based on a policy with $50K in personal property coverage, $100K in liability coverage and a $1,000 deductible.
Your rate may vary depending on your profile. The table below provides average rates for your situation based on major factors affecting insurance costs.
Data filtered by:Results filtered by:
Select
Coverage Level:$50K Personal Property / $100K Liability
Select
Deductible:1000
Select
Claims History:Claim free for 5+ years
Select
Credit Tier:Good
Select
Contents Replacement:Covered
| $50K Personal Property / $100K Liability | $38 | $460 |
Average Louisiana Renters Insurance Cost by City
Renters insurance costs vary widely by city. The average annual premium in Baton Rouge is $288; in Metairie, it's $575 for a policy with $50K in personal property coverage and $100K in liability coverage. Check the table below for the average cost in your city.
| Baton Rouge | $288 |
| Lafayette | $321 |
| Metairie | $575 |
| New Orleans | $564 |
| Shreveport | $305 |
*This table shows rates for a renter with good credit and no claims history. Policies include $50K property damage coverage, $100K liability coverage, a $1,000 deductible and guaranteed replacement.
Louisiana Renters Insurance: Buyer's Guide
Finding the best and cheapest renters insurance in Louisiana can be challenging. Our guide helps you choose the right coverage for your needs.
How to Find the Best Cheap Renters Insurance in Louisiana
Follow these steps to find ideal coverage at the best price:
- 1
Determine the right coverage level
Know the value of your items and risks, such as weather or crime. This will help you compare rates confidently.
- 2
Research costs and discounts
Check average rental insurance costs for your profile. Look for discounts that could lower your premium.
- 3
Compare providers
Research insurers' reputations, costs and coverage options. This helps you create a shortlist of companies for quotes.
- 4
Consider bundling
Bundling renters and auto insurance can lead to significant savings. Often, discounts on car insurance cover the cost of renters insurance.
- 5
Get multiple quotes through different channels
Gather at least five quotes with the same coverage level. Use online sites, provider websites and agents to find the best price.
- 6
Review your policy annually
Insurance prices change often. Compare policies each year to maintain affordable coverage.
How Much Renters Insurance Do I Need in Louisiana?
Renters insurance isn't required by Louisiana law, but most landlords require at least $100K in liability coverage. Requirements may vary based on your rental history, credit score and pet ownership. Consider how much property coverage you need, local weather risks, area crime rates and pet ownership when selecting a policy.
Use our calculator to determine your ideal personal property coverage limits and how much renters insurance you need.
Personal Property Coverage Calculator
When figuring out how much renters insurance you need, experts recommend the standard $100,000 in liability insurance and enough personal property protection to cover your possessions. Use MoneyGeek's calculator to estimate the value of your possessions so you know how much personal property coverage to buy.
clothing & accessories
Clothes, shoes, bags, belts, hats, gloves, etc.
Louisiana Renter Risk Considerations
Below are the risks specific to Louisiana and considerations for renters seeking additional coverage:
- Weather risks: Severe storms are Louisiana's most common natural disaster. The state also faces a high risk of flood and drought damage in certain locations. Standard coverage may not protect against these threats in high-risk areas, requiring a separate purchase of additional coverage.
- Crime risks: Louisiana ranks fourth nationwide for property crime and eighth for identity theft and fraud. For better property damage protection, consider adding supplemental coverage or add-ons to your renters policy.
- Pet ownership: Depending on your pet, consider pet liability coverage. Check how different providers handle pet coverage and whether it's included in standard policies.
- Property types: Standard policies may not fully cover special tools, valuables, electronics or structures like pools on your rental property. Look for companies offering specific add-ons for additional protection.
How Does Renters Insurance Coverage Work?
Renters insurance typically covers damage to your property, liability to others and loss of use of your rental home. Adding optional coverages can make your policy more comprehensive. Here are the main types of renters insurance coverage:
Coverage Type | Standard or Add-on | Coverage Details |
|---|---|---|
Standard | Pays for damaged or stolen personal items up to your policy limit. Basic coverage reimburses the depreciated value, while replacement cost coverage pays for new equivalent items. | |
Standard | Covers medical and legal costs if someone gets hurt in your rental. Many landlords require this protection. | |
Additional living expenses | Standard | Helps pay for temporary housing, meals and transportation when your rental becomes uninhabitable. Limits vary by insurer. |
Natural disasters | Add-on | Provides coverage for earthquake or flood damage. Available through select insurers as separate policies. |
Parts/Equipment | Add-on | Covers tools, appliances and utilities in your rental |
Scheduled property | Add-on | Insures valuable items up to specific limits |
Identity theft | Add-on | Covers financial losses and legal expenses from identity theft. Some policies include monitoring services. |
Pet liability | Add-on | Protects against injuries caused by your pet, though standard policies may include this |
Modifications | Add-on | Covers custom additions you've made to your rental |
Food loss | Add-on | Reimburses food lost during covered incidents |
Best Renters Insurance in Louisiana: Bottom Line
Louisiana's best and cheapest overall renters insurance companies are State Farm and The Hanover. While we recommend these options, research and compare multiple companies and quotes to get the best deal.
Renters Insurance in Louisiana: FAQ
Below are our experts' answers to frequently asked questions:
What is the cheapest renters insurance company in Louisiana?
The Hanover offers the cheapest renters insurance in Louisiana, with an average annual premium of $221 or $18 per month.
What is the best renters insurance company in Louisiana?
State Farm is the best renters insurance company in Louisiana, with a MoneyGeek score of 95 out of 100. This score reflects solid performance in affordability and customer satisfaction.
How much does renters insurance cost in Louisiana?
The average cost of renters insurance in Louisiana is $460 per year or $38 per month, 90% higher than the national average. Annual premiums range from $221 to $722.
Is renters insurance required in Louisiana?
Louisiana doesn't legally require renters insurance, but your landlord may. Consider your situation to decide if a policy makes sense for you. Key reasons to get coverage include protecting your belongings from common hazards and covering liability costs if someone gets hurt in your rental.
How We Found the Best Cheap Renters Insurance Companies
To find the cheapest renters insurance in Louisiana, we used this base profile:
- $50K personal property coverage
- $100K liability coverage
- $1,000 deductible
- Property replacement coverage
- Good credit score
This profile determined our affordability score (60% of the total score). The remaining factors included:
- Customer satisfaction from industry research (25%)
- Add-on coverages (10%)
- Financial strength ratings (5%)
About Mark Fitzpatrick
Mark Fitzpatrick, a Licensed Property and Casualty Insurance Producer, is MoneyGeek's resident Personal Finance Expert. With over five years of experience analyzing the insurance market, he conducts original research and creates tailored content for all types of buyers. His insights have been featured in publications like CNBC, NBC News and Mashable.
Fitzpatrick holds a master’s degree in economics and international relations from Johns Hopkins University and a bachelor’s degree from Boston College. He's also a five-time Jeopardy champion!
Passionate about economics and insurance, he aims to promote transparency in financial topics and empower others to make confident money decisions.
sources
- Insurance Information Institute. "Facts + Statistics: Identity Theft and Cybercrime." Accessed April 25, 2025.
- National Centers for Environmental Information. "Louisiana Summary." Accessed April 25, 2025.
- U.S. News. "Low Property Crime Rate." Accessed April 25, 2025.