The Hanover and State Farm are the best cheap renters insurance companies in Louisiana. The Hanover leads with $18 monthly rates and offers extensive coverage options. State Farm excels in customer service.
Cheap Renters Insurance in Louisiana
Updated: November 5, 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
MoneyGeek's renters insurance calculator will give you a customized estimate of your renters insurance costs.
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Rates updated:
Nov 05, 2025
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| 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.
Debating between $25,000 and $40,000 in coverage? Our renters insurance calculator provides clarity on which option matches your actual needs.
Best Cheap Renters Insurance Companies in Louisiana
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. This filterable table is tailored to your profile to help you find the best choice in Louisiana.
Data filtered by:
$50K Personal Property / $100K Liability
Select
Claim free for 5+ years
Yes
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
Here's more about our top picks for affordability, customer service and coverage options for Louisiana renters insurance.
The Hanover: Most Affordable Plans
pros
Low monthly rates
Flexible coverage options
Good range of discounts
cons
No online quote option
COMPANY HIGHLIGHTS
The Hanover offers the most affordable renters insurance in Louisiana, averaging $18 per month. The company provides flexible coverage with useful add-ons like protection for food spoilage during power outages, lock replacement 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
Renters insurance in Louisiana averages $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:
$50K Personal Property / $100K Liability
Select
Claim free for 5+ years
Good
Covered
| $50K Personal Property / $100K Liability | $38 | $460 |
Average Louisiana Renters Insurance Cost by City
Renters insurance costs vary widely by city. Annual premiums in Baton Rouge average $288; in Metairie, they're $575 for a policy with $50K in personal property coverage and $100K in liability coverage. Check the table below for average costs 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:
- 1Determine the right coverage level
Know the value of your items and risks, such as weather or crime. This will help you compare rates confidently.
- 2Research costs and discounts
Check average rental insurance costs for your profile. Look for discounts that could lower your premium.
- 3Compare providers
Research insurers' reputations, costs and coverage options. This helps you create a shortlist of companies for quotes.
- 4Consider bundling
Bundling renters and auto insurance can lead to huge savings. Often, discounts on car insurance cover the cost of renters insurance.
- 5Get 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.
- 6Review your policy annually
Insurance prices change often. Compare policies each year to maintain affordable coverage.
How Much Renters Insurance Do I Need in Louisiana?
Louisiana law doesn't require renters insurance, 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
Louisiana renters face specific risks that may require additional coverage beyond standard policies:
- Weather risks: Severe storms hit Louisiana regularly and floods and droughts damage property in certain areas. Standard renters insurance won't cover flood damage, so you'll need a separate flood policy if you live in a high-risk zone.
- Crime risks: Louisiana ranks fourth nationwide for property crime and eighth for identity theft and fraud. You can add supplemental coverage to your renters policy for better protection against theft and property damage.
- Pet ownership: Some insurers exclude certain dog breeds or charge extra for pet liability coverage. Check whether your provider includes pets in standard policies or requires a separate add-on.
- Property types: Standard policies limit coverage for expensive items such as jewelry, electronics and specialized tools. Choose insurers that offer add-ons to cover valuable possessions and rental property features, including pools.
How Does Renters Insurance Coverage Work?
Renters insurance covers your belongings, protects you from liability claims and pays for temporary housing if your rental becomes unlivable. You can add optional coverages for extra protection. The main types include:
Coverage Type | Standard or Add-on | Coverage Details |
|---|---|---|
Standard | Reimburses you for damaged or stolen belongings up to your policy limit. Basic coverage pays the depreciated value, while replacement cost coverage buys new items. | |
Standard | Pays medical and legal costs if someone gets injured in your rental. Most landlords require this coverage. | |
Additional living expenses | Standard | Pays for temporary housing, meals and transportation when you can't live in your rental. Coverage limits vary by insurer. |
Natural disasters | Add-on | Covers earthquake or flood damage through separate policies from select insurers. |
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 credit monitoring. |
Pet liability | Add-on | Protects you if your pet injures someone, though some standard policies include this. |
Modifications | Add-on | Covers custom additions you've made to your rental. |
Food loss | Add-on | Reimburses spoiled food from 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?
Renters insurance in Louisiana averages $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 identify the most affordable renters insurance options in Louisiana, we based our analysis on the following sample profile:
- $50K personal property coverage
- $100K liability coverage
- $1,000 deductible
- Property replacement coverage
- Good credit score
This profile was used to calculate the affordability score, which accounted for 60% of the total rating. The remaining score was based on:
- 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!
He writes about economics and insurance, breaking down complex topics so people know what they're buying.
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.