Average homeowners insurance cost in Louisiana

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Whether you’re buying a new home or safeguarding the one you already own, it’s important to have comprehensive homeowners insurance. However, the amount you’ll pay depends on the insurance company and the coverage limits you choose.

Homeowners insurance in Louisiana costs an average of $3,576 a year, according to Insure.com’s study.

Read this guide to learn more about the average homeowners insurance rates in Louisiana by insurance company and ZIP code.

Key Takeaways

Homeowners insurance costs an average of $3,576 a year, based on our analysis.
Of all the ZIP codes in Louisiana, 71440 has the most affordable home insurance rates at around $2,737 annually.
In Louisiana, Progressive provides the most affordable home insurance at an average annual premium of $1,429.

Average home insurance cost in Louisiana by coverage level

In Louisiana, the annual homeowners insurance cost is $3,576, on average for the limits of $100,000 in liability, $300,000 in dwelling coverage and a $1000 deductible.

Increasing your dwelling coverage from $300,000 to $400,000 will raise your annual homeowners insurance premium to $4,546 in Louisiana, with $100,000 in liability protection and a $1,000 deductible. Below are the average costs for homeowners insurance in Louisiana based on dwelling coverage limits of $300,000, $400,000, and $500,000.

Coverage	Average annual rate	Average monthly rate
$200,000 with $1,000 Deductible and $100,000 Liability and 2% Deductible	$2,805	$234
$200,000 with $1,000 Deductible and $300,000 Liability and 2% Deductible	$2,822	$235
$300,000 with $1,000 Deductible and $100,000 Liability and 2% Deductible	$3,576	$298
$300,000 with $1,000 Deductible and $300,000 Liability and 2% Deductible	$3,594	$299
$400,000 with $1,000 Deductible and $100,000 Liability and 2% Deductible	$4,546	$379
$400,000 with $1,000 Deductible and $300,000 Liability and 2% Deductible	$4,564	$380
$600,000 with $1,000 Deductible and $100,000 Liability and 2% Deductible	$7,058	$588
$600,000 with $1,000 Deductible and $300,000 Liability and 2% Deductible	$7,078	$590
$1,000,000 with $1,000 Deductible and $100,000 Liability and 2% Deductible	$11,548	$962
$1,000,000 with $1,000 Deductible and $300,000 Liability and 2% Deductible	$11,569	$964

In Louisiana, homeowners insurance companies set rates by assessing various risk factors. Your location, claims history, credit history and coverage limit all affect your premium.

If multiple claims have been filed in your neighborhood over the past few years, you’ll likely face higher home insurance rates than areas with fewer claims. Your credit score can also play a role in determining your home insurance costs.

According to S&P Global Market Intelligence’s RateWatch application, the average homeowners insurance premium for owner-occupied homes nationwide increased by over 11% in 2023.

Best homeowners insurance companies in Louisiana

Before purchasing homeowners insurance, it’s important to compare rates and explore your options. Several factors play a role in choosing the best homeowners insurance company for your specific needs.

We evaluated insurance companies in Louisiana based on their NAIC scores and AM Best ratings to create a list of the top homeowners insurance providers in the state. Our findings show that State Farm received the lowest NAIC score and A++ rating from AM Best. A lower NAIC score indicates fewer complaints relative to the company’s size, suggesting higher customer satisfaction.

Company	Average annual premium	AM Best rating	NAIC Complaint Index	Overall score
State Farm	$5,035	A++	0.95	5
Allstate	$3,355	A+	0.9	4.65
Louisiana Farm Bureau	$4,632	A	0.28	4.18
Progressive	$1,429	A+	8.45	4.12
Farmers	$4,728	A	0.54	4.1

Average homeowners insurance cost by company in Louisiana

Progressive offers the most affordable homeowners insurance in Louisiana, at an average annual premium of $1,429, followed by Allstate and State Farm.

You can save hundreds — if not thousands — of dollars each year if you shop around for homeowners insurance.

Here are the average annual and monthly insurance rates for Louisiana homeowners for a policy with $300,000 dwelling coverage and $100,000 liability protection with a $1,000 deductible.

Company	Average annual rate	Average monthly rate
Progressive	$1,429	$119
Allstate	$3,355	$280
State Farm	$5,035	$420
Farmers	$5,307	$442
Louisiana Farm Bureau	$9,726	$810
USAA*	$3,094	$258

*USAA is only available to military community members and their families.

Louisiana homeowners insurance rates by ZIP code

Insurance providers in Louisiana factor in the risk of a given location when determining rates. ZIP codes with higher crime rates or frequent natural disasters are typically classified as high-risk, leading to increased premiums. Additionally, the cost of rebuilding or repairing homes in that area can affect your homeowners insurance costs.

To get the best deal on homeowners insurance rates in Louisiana, take the time to shop around and compare quotes from multiple insurers. Additionally, don’t forget to ask about potential discounts, like bundling policies or a smart home discount.

Most affordable ZIP codes for home insurance rates in Louisiana

Not every area in Louisiana has the same home insurance cost. How much you pay for homeowners insurance in Louisiana depends on many factors, including your ZIP code. Our data shows that 71440 ZIP has low-cost home insurance rates in Louisiana, at about $2,737 a year or $228 monthly.

Below you can find homeowners insurance rates for some of the most affordable ZIP codes in Louisiana.

ZIP code	Average annual rate	Average monthly rate
71440	$2,737	$228
71441	$2,745	$229
71475	$2,747	$229
71105	$2,750	$229
71253	$2,756	$230
71002	$2,757	$230
71115	$2,760	$230
71443	$2,762	$230
71279	$2,763	$230
71424	$2,764	$230

Most expensive ZIP codes for home insurance rates in Louisiana

In Louisiana, certain areas experience higher premiums because of higher crime rates, increased risk of natural disasters and the cost of living.

Homeowners in 70358 ZIP pay the highest insurance rates in Louisiana, with an average annual premium of $10,963.

Below is a list of some of the most expensive ZIP codes in Louisiana for homeowners insurance.

ZIP code	Average annual rate	Average monthly rate
70358	$10,963	$914
70632	$10,105	$842
70354	$10,026	$835
70129	$9,890	$824
70128	$9,834	$820
70127	$9,733	$811
70126	$9,712	$809
70122	$9,521	$793
70124	$9,515	$793
70645	$9,477	$790

Home insurance rates vary from one city to another. But with Insure.com, finding the right home insurance policy is easy. Learn more about homeowners insurance costs for different cities below.

Home insurance rates in Louisiana by city

See rates in your city

Home insurance rate trend in Louisiana

We analyzed home insurance rate trends in Louisiana and found that homeowners insurance rates experienced an overall increase of 3% or $112, from 2022 to 2023.

The below data shows how much homeowners insurance rates have changed since 2019.

2019 rates	2022 rates	2023 rates
$3,742	$3,464	$3,576

To find the right homeowners insurance, research thoroughly and compare costs from multiple insurers, as they assess risk differently. Getting quotes from at least three companies helps ensure you get the most affordable coverage in Louisiana.

Resources & methodology

Source

S&P Global. “US homeowners insurance rates jump by double digits in 2023.” Accessed September 2024.

Methodology

Insure.com worked with Quadrant Information Service to get homeowners insurance data. We analyzed 20,739,560 insurance quotes from 82 national and regional insurance companies across 34,588 ZIP codes to determine the average premiums.

The insurance rates are based on a sample profile of a homeowner with good credit and the following coverage level:

$300,000 dwelling coverage
$100,000 liability protection
$1000 deductible

We have taken into account 3 important factors such as average annual cost, NAIC score and AM Best rating, to determine the list of best homeowners insurance companies. The quoted insurance rates are for comparison purposes, and your individual rates may vary.

Shivani Gite

Contributing Writer

Shivani Gite is a personal finance and insurance writer with a degree in journalism and mass communication. She is passionate about making insurance topics easy to understand for people and helping them make better financial decisions.