Updated: November 21, 2024
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The average cost of homeowners insurance in Louisiana in 2024 is $4,031. This figure is $1,608 more than the national average of $2,423.
Aside from coverage amount, the insurance provider has the largest impact on premiums, with the difference between the lowest and highest premiums reaching $8,076 on average. If your rates have increased, our analysis of the cheapest home insurance in Louisiana may help you find more affordable options.
MoneyGeek’s home insurance calculator will give you a ballpark estimate of your cost — it’s free, no personal information required, no spam.
Rates updated:
Dec 03, 2024
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Table of Contents
To establish the average cost of homeowners insurance in Louisiana, MoneyGeek used quotes from various providers for a profile that reflects the average homeowner.
These rates reflect the average cost of home insurance in Louisiana as of 2024.
In Louisiana, the average annual premium for homeowners insurance with $250K in dwelling coverage, $125K in personal property coverage and $200K liability coverage is $4,031. This rate is more than the national average of $2,423.
Understanding how much coverage you need is key to protecting your home and possessions. A policy with $100K in dwelling coverage averages $1,961 annually in Louisiana. For a larger home requiring $500K in dwelling coverage, the average premium jumps to $7,682 per year.
| $100K Dwelling / $50K Personal Property / $100K Liability | $1,961 |
| $250K Dwelling / $125K Personal Property / $200K Liability | $4,031 |
| $500K Dwelling / $250K Personal Property / $300K Liability | $7,682 |
| $750K Dwelling / $375K Personal Property / $500K Liability | $11,687 |
Premiums for homeowners insurance in Louisiana can vary significantly among providers, even for similar coverage levels. For instance, while one insurer may quote a premium well below the state average, another might present a rate that exceeds it.
Louisiana homeowners looking to balance cost with quality will find value in reviewing the best homeowners insurance in Louisiana. Differences in underwriting criteria, such as the home's location and the insurer's risk assessment, contribute to these premium disparities.
| ASI | $941 |
| State Farm | $2,727 |
| USAA | $2,890 |
| Foremost Insurance | $3,368 |
| Allstate | $3,610 |
| The Hanover | $4,250 |
| Shelter | $5,866 |
| Louisiana Farm Bureau | $8,593 |
Homeowners in Louisiana with poor credit scores pay an average annual premium of $7,519 for homeowners insurance, which is $3,488 more than the state average of $4,031. In contrast, those with excellent credit pay $3,577, which is $454 below the average.
While you may not be able to improve your credit score immediately, you can enhance it over time to reduce your rates. In the short term, comparing insurers can help find savings; it takes less than 15 minutes to see the most affordable Louisiana home insurers.
| Poor | $7,519 |
| Below Fair | $5,430 |
| Fair | $4,618 |
| Good | $4,031 |
| Excellent | $3,577 |
The type of roof on your home can influence your homeowners insurance premium in Louisiana. Materials like tile, which are more durable, can lead to lower premiums. However, the impact of roofing on insurance costs is relatively modest compared to other factors.
Similarly, the construction materials used in your home affect insurance rates. Homes built with materials that are more resistant to perils, such as fire, offer more favorable premiums. Like roofing, construction type is a less significant factor in determining insurance costs than coverage amount, credit rating and claims history.
Explore the table below to see how different materials can alter your home's insurance premiums.
| $100K Dwelling / $50K Personal Property / $100K Liability | $1,961 |
| $250K Dwelling / $125K Personal Property / $200K Liability | $4,031 |
| $500K Dwelling / $250K Personal Property / $300K Liability | $7,682 |
| $750K Dwelling / $375K Personal Property / $500K Liability | $11,687 |
| $1M Dwelling / $500K Personal Property / $1M Liability | $14,796 |
Typically, insuring a newly constructed home in Louisiana costs less than covering an existing home. The average annual premium for new construction is $2,621, reflecting a $1,410 decrease from the $4,031 average for older homes. The table below details these premium differences across various coverage levels.
| Existing Construction (2000) | $4,031 |
| New Construction (2023) | $2,621 |
Louisiana homeowners who have maintained a claim-free record for five or more years pay an average annual premium of $4,031 for their homeowners insurance. In contrast, those with one claim in the past five years see their average premium rise to $4,631, a $600 increase from the baseline. Homeowners with two claims within the same period face an even steeper increase, with an average annual premium of $5,221, which is $1,190 above the average.
| Claim free for 5+ years | $4,031 |
| 1 claim in past 5 years | $4,631 |
| 2 claims in past 5 years | $5,221 |
In Louisiana, tornadoes, wildfires, hurricanes and flooding are the biggest threats to homes. Homeowners insurance typically covers hurricane and wildfire damage, but you might need a separate policy for flooding and other natural disasters.
For the cities we analyzed, we found annual premiums ranged from $2,731 to $7,478. Baton Rouge and Shreveport feature lower premiums at $3,234 and $2,731, respectively, while Metairie sees a high of $7,478. Location influences insurance costs due to factors like crime rates, weather patterns and local building costs. Compared to other factors, location can significantly sway premiums, but it's just one piece of the puzzle.
| Baton Rouge | $3,234 |
| Lafayette | $3,674 |
| Metairie | $7,478 |
| New Orleans | $7,117 |
| Shreveport | $2,731 |
Getting a great homeowners insurance deal in Louisiana is within reach. By exploring your options and understanding the factors that affect pricing, you can confidently find a policy that fits your budget. Here's how to find the best deal for you.
Ask about bundles or other ways to save money.
Pick a company with a good record and fair prices.
Select the coverage that fits your budget and needs.
Buy your policy to protect your home and belongings.
Homeowners can unlock savings by bundling home and auto insurance policies in Louisiana. You can save an average of 10% from a multipolicy bundle. The savings on the combined cost of auto and home insurance can range from $469 to $577 annually. This strategy simplifies your insurance management and provides a financial perk.
Louisiana residents can take advantage of several homeowners insurance discounts.
Remember to inquire about specific discounts when obtaining a quote to maximize potential savings.
In Louisiana, ASI offers the lowest average premium at $941. For more affordable options, explore cheap national providers.
Homeowners insurance in Louisiana typically covers wind damage from hurricanes. However, flood damage, often associated with hurricanes, usually requires separate coverage. Also, look into coverage for other natural disasters.
The insurer you choose has the most significant impact on your premium, with the highest option costing $8,593 and the lowest at $941.
Louisiana residents can save an average of 10% by bundling homeowners and auto insurance.
When exploring homeowners insurance in Louisiana, a wealth of resources is at your fingertips. Whether you're seeking official regulations, affordable coverage or tools to estimate your insurance costs, the following curated list provides essential links to guide you:
About Mark Fitzpatrick
Mark Fitzpatrick is a Licensed Property and Casualty Insurance Producer and MoneyGeek's Head of Insurance. He has analyzed the insurance market for over five years, conducting original research and creating personalized content for every kind of buyer. He has been quoted in several insurance-related publications, including CNBC, NBC News and Mashable.
Fitzpatrick 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 knowledge of economics and insurance to bring transparency around financial topics and help others feel confident in their money moves.
