The Hanover tops Louisiana's renters insurance market, scoring 5 out of 5 and ranking first in affordability and coverage categories. State Farm comes in second with an overall score of 4.8, excelling in customer experience. Farmers, Allstate and Shelter complete the top five.
Best Renters Insurance in Louisiana (2026)
Updated: March 8, 2026
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Key Takeaways: Louisiana Renters Insurance
With a MoneyGeek score of 5 out of 5, The Hanover ranks as Louisiana's best overall renters insurance company.
At $150 per year on average, The Hanover offers Louisiana's most affordable renters insurance premiums statewide.
Get quotes from several insurers to find the most competitive rates matching your individual coverage needs.
5 Best Renters Insurance Companies in Louisiana
| The Hanover | 4.97 | 1 | 2 | 1 |
| State Farm | 4.84 | 2 | 1 | 4 |
| Farmers | 4.64 | 4 | 7 | 3 |
| Allstate | 4.61 | 5 | 4 | 5 |
| Shelter Insurance | 4.48 | 6 | 5 | 7 |
*Our ratings consider different combinations of coverage levels and renter details to identify the best overall options. Rankings may differ based on your profile.
State Farm
Top Choice for Louisiana Renters
MoneyGeek Rating
4.8/ 5
4.9/5Affordability
5/5Customer Experience
4/5Coverage
Average Annual Premium
$150Based on our methodology's base profile of a policy with $20K in personal property coverage and $100K in liability coverage with a $500 deductibleAverage Monthly Premium
$12Based on our methodology's base profile of a policy with $20K in personal property coverage and $100K in liability coverage with a $500 deductibleJ.D. Power Renters Insurance Customer Satisfaction Score
Not ratedFrom the J.D. Power 2025 U.S. Home Insurance Study, which examines customer satisfaction based on responses from 14,511 homeowners and renters. The average renters insurance score is 668/1,000.
Compare the Cheapest Renters Insurance Companies in Louisiana
At $150 annually, The Hanover charges Louisiana's cheapest renters insurance for $20,000 in personal property coverage, saving renters $202 compared to the state average of $352. State Farm comes in second at $212 per year, while ASI costs $274 and is available statewide. All eight cheapest insurers charge below the state average, with rates from $150 to $795 per year, making the cheapest renters insurance accessible across the state.
Average Cost of Renters Insurance in Louisiana
Louisiana renters pay $352 per year on average for renters insurance, $156 higher than the national average cost of renters insurance of $196. Coverage with $20,000 in personal property protection, $100,000 in liability limits and a $500 deductible forms the basis for these figures.
Your actual premium varies by coverage limits, deductible choice and where you're located within the state.
| LA | $352 | $156 |
Do You Need Renters Insurance in Louisiana?
Many landlords require renters insurance as a lease condition, though Louisiana law doesn't mandate coverage. Property managers often mandate it to protect themselves from liability claims, sometimes requiring your landlord can require coverage with specific liability limits of $100,000 or more. Check your lease before moving in to see if you need a policy.
HOW TO DETERMINE YOUR RENTERS INSURANCE COVERAGE NEEDS
Typical personal property coverage ranges from $20,000 to $50,000 for most renters' belongings. Go through your unit and add up replacement values for electronics, clothing, furniture and other items to calculate your personal property coverage. You'll also want liability limits of $100,000 or more to protect yourself if someone gets injured in your apartment.
How to Find the Best Cheap Renters Insurance in Louisiana
Choosing quality home insurance in Louisiana involves comparing multiple providers while weighing your budget, coverage requirements and service expectations to find the best fit.
- 1Compare quotes from at least three companies
Premiums can differ by $50 or more across companies for identical coverage. Get quotes from both national carriers like GEICO and State Farm, plus regional Louisiana providers. New Orleans and Baton Rouge residents often find the biggest savings by comparing at least four insurers. Don't assume the cheapest auto insurance company will also offer the best renters rates.
- 2Check customer satisfaction ratings and reviews
Low prices aren't worth much if your insurer has poor claims handling or takes weeks to respond. Review J.D. Power ratings and customer complaints filed with the Louisiana Department of Insurance before buying. Shreveport and Lafayette residents should pay special attention to how quickly insurers process claims during hurricane season. A slightly higher premium often pays off when you actually need coverage.
- 3Bundle renters and auto insurance
Insurers give 10% to 25% off when you bundle policies with the same company. State Farm and Allstate offer some of the largest bundling discounts in Louisiana markets. Lake Charles and Monroe residents can often save $100 or more annually by combining their policies. Contact your current auto insurer first to see what renters coverage they offer.
- 4Ask about available discounts
You can get discounts for alarm systems, smoke detectors and staying claims-free for several years. Many insurers also offer discounts for paying annually instead of monthly or for setting up automatic payments. Metairie and Kenner residents should ask about hurricane preparedness discounts since some companies reward proactive storm protection measures. Ask your agent which specific discounts you qualify for to maximize savings.
Best Cheap Renters Insurance in Louisiana: Bottom Line
Louisiana's best renters insurance companies are The Hanover, State Farm, Farmers, Allstate and Shelter. Shop around with multiple insurers for the best rates that match your needs. Try the calculator below for personalized quotes depending on your coverage, deductible and credit.
Personalized Louisiana Renters Insurance Rates
Get free renters insurance rate estimates for Louisiana based on your coverage needs. Rates reflect a profile of renters aged 21 to 64 with no prior claims.
Select Coverage Level
Select Deductible
Select Credit Score
Average Annual Premium—
Renters Insurance in Louisiana: FAQ
Common questions about Louisiana renters insurance:
Does renters insurance cover roommates in Louisiana?
Renters insurance covers only the policyholder and their relatives living in the unit. Your roommate needs their own policy to protect their belongings and get liability coverage. Each roommate should buy separate renters insurance with at least $20,000 in personal property coverage.
How much renters insurance do I need in Louisiana?
Most Louisiana renters need $20,000 to $50,000 in personal property coverage and $100,000 in liability protection. Add up replacement costs for your furniture, electronics, clothing and other belongings to calculate your needs. Your landlord may require specific coverage amounts, so check your lease before buying a policy.
How do I file a renters insurance claim in Louisiana?
Contact your insurer immediately after damage occurs or items get stolen. Document the damage with photos and videos before cleaning up. Provide a list of damaged or stolen items with purchase dates and estimated values. Your insurer will assign a claims adjuster to review your case. Most claims get processed within two to four weeks.
Does renters insurance cover hotel stays if my apartment becomes unlivable?
Renters insurance covers temporary housing costs through loss of use coverage if covered damage like fire makes your apartment unlivable. This pays for hotel rooms and restaurant meals while repairs happen. Most policies limit loss of use to 20% to 30% of your personal property coverage amount. Floods and earthquakes aren't covered.
How We Found the Best Cheap Renters Insurance Companies in Louisiana
We analyzed Louisiana renters insurance companies to identify insurers with low rates and reliable service.
We collected quotes for renters aged 26 to 64 with good credit and no claims history. The profile included $20,000 in personal property coverage, $100,000 in liability protection and a $500 deductible.
Affordability determined 50% of each company's score. Customer satisfaction from industry research made up 40%. Add-on coverage options contributed 10%. Companies with the highest combined scores across all factors made our list of Louisiana's best renters insurance providers.
About Mark Fitzpatrick
Mark Fitzpatrick, a Licensed Property and Casualty Insurance Producer, is MoneyGeek's resident Personal Finance Expert. He has analyzed the insurance market for over five years, conducting original research for insurance shoppers. His insights have been featured in 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!
He writes about economics and insurance, breaking down complex topics so people know what they're buying.