Average homeowners insurance cost in New Orleans, Louisiana

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In New Orleans, homeowners pay an average annual rate of $4,983 for a coverage level that includes $300,000 for dwelling, $100,000 for liability protection, and a $1,000 deductible, according to our data. This is $2,479 more than the national average of $2,504 .

Homeowners insurance premiums can vary significantly from one property to another. In New Orleans, the cost of home insurance is influenced by several factors, including:

Size of your home
Age of your home
Amount of coverage required
Location
Your credit score

To make sure you are getting the best deal on home insurance, it is important to get quotes from multiple insurers to find the right coverage for your needs. Read this guide for more info on how much homeowners insurance costs per month in New Orleans, home insurance costs for different dwelling coverage, and which companies offer cheap home insurance in New Orleans.

Key Takeaways

Homeowners insurance costs $4,983 per year in New Orleans.
At $1,443 per year, Progressive offers the cheapest homeowners insurance in New Orleans.
Your home insurance rates increase by $1,060 more annually if you increase your dwelling coverage from $200,000 to $300,000.

Average homeowners insurance cost in New Orleans per month

Residents of New Orleans pay an average of $415 a month for homeowners insurance. It’s $117 more than the state average of $298 and $206 more than the national average for home insurance across the nation.

The cost of your homeowners insurance policy in New Orleans may change based on location, property value, and selected coverage options.

Average homeowners insurance cost for a $200,000 house

In New Orleans, LA, homeowners pay an average of $3,923 annually for a $200,000 house. The amount you pay for home insurance each year depends on factors such as natural disasters or events within your locality.

Some regions are more at risk for natural disasters, like floods, hurricanes, or tornadoes, implying higher rebuilding rates in these areas, resulting in costlier insurance premiums. It’s essential to note that your insurance policy might not cover damages caused by floods or hurricanes. If you reside in an area prone to flooding, consider buying flood insurance.

Average homeowners insurance cost for a $300,000 house

As per rate analysis by Insure.com, homeowners residing in New Orleans typically pay an average of $4,983 annually to insure a home for coverage limits of $300,000 dwelling, $100,000 liability protection with a $1,000 deductible.

Your home insurance rates will be increased by $1,060 if you increase your dwelling coverage from $200,000 to $300,000. It is advisable to buy enough insurance to cover the entire cost of rebuilding your home. However, the amount of dwelling coverage you need may vary depending on the size of your home, the features in your home, and the cost of living in your area.

Average homeowners insurance cost in New Orleans by company

Among the carriers we analyzed, Progressive is the most affordable homeowners insurance company in New Orleans. Its average annual rate for homeowners in New Orleans is $1,443 , while State Farm ranks second.

Research on the company is essential before selecting a homeowners insurance policy. Insure.com has thoroughly examined all insurance companies operating in New Orleans and compiled a list of the most affordable home insurance companies.

Below are details of New Orleans home insurance companies and their average annual premiums.

Home Insurance Company	Annual rate
Progressive	$1,443
State Farm	$4,332
Farmers	$4,934
Allstate	$5,985
USAA*	$5,792

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

Combining your home insurance with other policies, like auto insurance, can result in significant savings. Insurers often provide discounts to policyholders who bundle their policies, helping you reduce premiums. Bundling lowers your premiums and simplifies managing your insurance with one company.

Natural disasters in Louisiana that can impact your home insurance

Living in Louisiana means facing the risk of natural disasters that can seriously damage your home and belongings. These events can lead to expensive repairs and major insurance claims. That’s why it’s so important to understand which disasters are most likely in your area before choosing a home insurance policy.

Being aware of your local risks helps you choose the right level of protection, from setting appropriate coverage limits to deciding on deductibles or adding extra coverage. Taking the time to tailor your policy to those risks can help you avoid being underinsured and give you peace of mind if you’re impacted by a natural disaster.

Louisiana is commonly affected by Riverine flooding.

How home insurance protects you against natural disasters

If your home is hit by a covered event, your insurance can help pay for repairs, replace your belongings, and even cover temporary housing if you can’t live in your home. Having the right coverage in place can make it a lot easier to get back on your feet after a disaster.

That said, not everything is automatically included. While most standard policies cover things like wind, hail, and lightning, you’ll usually need extra coverage for disasters like floods, earthquakes, or wildfires. It’s worth taking the time to understand exactly what your policy includes so there are no surprises when you need it most.

Pro tip: Review your policy annually

There’s little time to prepare for a natural disaster, and it’s too late to make changes once a storm is on the radar. Make sure your homeowners insurance includes coverage for the types of disasters common in your area. Standard policies don’t always cover everything, like flood damage, so double-check exclusions and consider add-ons if you need them.

Methodology

Insure.com, with the help of Quadrant Information Services, gathered data for homeowners insurance rates in New Orleans for $300,000 dwelling coverage and $100,000 liability coverage with a $1,000 deductible. The data presented are those with a good credit tier alignment.

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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.