Cheapest Homeowners Insurance in Louisiana (2024 Rates)

Louisiana residents will typically find ASI the most economical home insurance provider for almost any situation, including for homeowners with poor credit or a claims history. However, if you're interested in bundling home and auto insurance, State Farm offers the most affordable rates in the state.

For Louisiana's most affordable home insurance, ASI ranks first across various dwelling coverage limits. However, rates may still vary based on your unique circumstances.

Here are ASI's average rates for different coverage limits, demonstrating its cost-effectiveness across policies:

• Cheapest for $100,000: ASI at $517 per year
• Cheapest for $250,000: ASI at $941 per year
• Cheapest for $500,000: ASI at $1,751 per year

Check out cheap home insurance options on MoneyGeek and see how costs change by dwelling coverage using the table below.

To secure cheap home insurance in Louisiana, get quotes from several providers. MoneyGeek’s home insurance calculator helps you compare Louisiana rates quickly without needing your personal information.

For Louisiana homeowners who need higher dwelling coverage limits to cover their high-value homes, ASI is the most affordable choice. For $750K in dwelling coverage, ASI charges an average of $2,486 per year.

Remember, dwelling coverage is the primary driver of insurance costs, and it follows that costs for high-value homes are typically higher. However, ASI still ranks first in Louisiana as the cheapest home insurance provider. See its rates for different levels of coverage:

• Cheapest for $750,000: ASI at $2,486 per year
• Cheapest for $1,000,000: ASI at $3,211 per year

When choosing limits, we recommend basing it on your home's replacement cost rather than your property's value. Take a look at the cheapest providers in Louisiana below for higher dwelling coverage limits to find your best deal.

ASI is Louisiana's cheapest home insurance provider for newly constructed homes, charging an average of $274 per year for $100K in dwelling coverage. Because new homes often follow the latest safety codes and have modern safety measures, they are typically cheaper to insure in Louisiana.

For new homes, ASI ranks as the cheapest across different coverage levels. See its rates below:

• Cheapest for $100,000: ASI at $274 per year
• Cheapest for $250,000: ASI at $451 per year
• Cheapest for $500,000: ASI at $781 per year

The table below demonstrates how the cost to insure a new home can change based on dwelling coverage and provider.

In Louisiana, ASI offers the most affordable home insurance for those with poor credit for $100K in dwelling coverage. Credit scores significantly influence insurance rates as providers use them to measure the default risk of policyholders.

Across dwelling coverage limits, ASI remains the cheapest provider in Louisiana, even for homeowners with poor credit.

• Cheapest for $100,000: ASI at $861 per year
• Cheapest for $250,000: ASI at $1,566 per year
• Cheapest for $500,000: ASI at $2,913 per year

On average, Louisiana homeowners with a poor credit history pay $1,804 more per year for a policy with $100K in dwelling coverage than policyholders with good credit.

ASI is Louisiana's cheapest home insurance provider for policyholders with at least one claim in the past five years, charging an average of $784 per year for $100K in dwelling coverage. A past claim can increase insurance costs, as insurers perceive you have a higher risk of making another claim.

Here are the cheapest policies across different coverage limits for homeowners with a recent claim history:

• Cheapest for $100,000: ASI at $784 per year
• Cheapest for $250,000: ASI at $1,426 per year
• Cheapest for $500,000: ASI at $2,653 per year

In Louisiana, having two claims on your record could lead you to pay an average of $311 more per year compared to homeowners with no claim history. Maintaining a minimal claims record can translate into considerable savings for homeowners in the state.

The type of home construction and the materials used for the roof can significantly impact home insurance costs. In Louisiana, ASI offers the cheapest premium for a frame construction type home with a shake-treated roof at $517 annually. The higher cost of insuring these homes is due to their increased risk of damage or degradation.

For the same type of home, ASI consistently ranks first as the cheapest provider in Louisiana. Here's a breakdown of the rates at different coverage values:

• Cheapest for $100,000: ASI at $517
• Cheapest for $250,000: ASI at $941
• Cheapest for $500,000: ASI at $1,751

A home with better construction materials typically receives better rates. For instance, a superior construction home with a tile roof costs an average of $229 less per year to insure than a frame-type home with a shake-treated roof. This comparison underlines the impact of construction and roof materials on insurance costs. Awareness of construction type is particularly relevant to Louisana homeowners due to the state's potential for severe weather-related damage.

Having a higher deductible could save you hundreds annually. In Louisiana, the most affordable home insurance firm for a $2,000 deductible is ASI, with an average annual premium of $493, compared to a $500 deductible at an annual premium of $554.

The cheapest rates for each deductible level include the following:

• $2,000 deductible: ASI at $493 per year
• $1,500 deductible: ASI at $535 per year
• $1,000 deductible: ASI at $517 per year
• $500 deductible: ASI at $554 per year

A home insurance deductible is what you pay out-of-pocket before insurance picks up the rest. The average annual cost difference for a $500 deductible versus a $2,000 deductible across all insurers is $388, demonstrating the potential savings.

State Farm is the most affordable company for home and auto bundle policies in Louisiana, with an average annual premium of $3,933. Some home insurance providers offer savings or rewards if you choose to have multiple policies with them.

Here are the cheapest home insurance bundles in Louisiana:

• State Farm at $3,933 per year
• Allstate at $6,976 per year

The benefits of bundling go beyond price; it adds the convenience of managing both policies with the same insurer. This streamlines the insurance process, making it easier for customers to manage and maintain their coverage. Explore more advantages of the best Louisiana insurance bundle.

ASI is the most affordable home insurance provider in many Louisiana cities, with rates ranging from $478 to $592, depending on your location. Differences in cost across cities can significantly vary due to local building codes, crime rates and weather risks. For instance:

• Lafayette has the cheapest rates in the state, with ASI offering the most affordable home insurance at an average of $478 annually.
• In contrast, Metairie has the most expensive home insurance costs, with the cheapest company being ASI at an annual average of $592.

It pays off to shop around as insurers often compute rates uniquely for different geographic regions, providing a chance for potential savings. Explore our table below for the cheapest rates available in other Louisiana cities.