Average homeowners insurance cost in Shreveport, LA

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Our data shows that the average cost of homeowners insurance in Shreveport is $2,827 per year (for the coverage level of $300,000 for dwelling, $100,000 for liability protection and $1,000 deductible). It’s $323 more than the national average of $2,504 .

Homeowners insurance rates differ significantly from one home to another. Home insurance rates in Shreveport depend on several factors, including:

The size of your home
The age of your home
The amount of coverage you need
Where you live
Your credit score

Progressive is the cheapest homeowners insurance company in Shreveport with an average annual premium of $1,285 per year.

This guide covers everything from available coverage options to companies with the cheapest homeowners insurance rates in Shreveport. Keep reading to learn about the monthly cost of homeowners insurance in Shreveport, the cost for different dwelling coverage levels, and which companies provide the most affordable home insurance in Shreveport.

Key Takeaways

Homeowners insurance costs $2,827 per year in Shreveport.
At $1,285 per year, Progressive offers the cheapest homeowners insurance in Shreveport.
Your home insurance rates increase by $677 more annually if you increase your dwelling coverage from $200,000 to $300,000.

Average homeowners insurance cost per month

How much you pay for a homeowners insurance policy depends on the value of your home, your location, and the coverage options you select.

Homeowners in Shreveport pay an average of $236 per month. It’s $62 less than the state average of $298 and $27 more than the national average for home insurance across the nation.

Average homeowners insurance cost for a $200,000 house in Shreveport

The average cost of homeowners insurance in Shreveport, LA is $2,150 annually for the dwelling coverage of $200,000 and the liability protection of $100,000. The cost of your home insurance each year depends on several factors – including the risk of natural disasters in your area. If your city is prone to events like hurricanes, wildfires, or floods, you’ll likely pay more for coverage.

Some places are more prone to natural disasters, like floods, hurricanes, or tornadoes. That makes rebuilding after a major event more expensive, which is why home insurance tends to cost more in those areas. And keep in mind, your standard policy probably doesn’t cover flood or hurricane damage. If you live in a high-risk zone, it’s definitely worth looking into separate flood insurance for extra protection.

Average homeowners insurance cost for a $300,000 house in Shreveport

According to a rate analysis by Insure.com, homeowners in Shreveport pay an average of $2,827 per year for a $300,000 house. These rates are for the coverage limits of $100,000 for liability protection and $1000 deductible.

If you increase your dwelling coverage from $200,000 to $300,000, you’ll have to pay $677 more a year for home insurance. It would be best to buy enough insurance to cover the full cost of rebuilding your home.

However, the amount of dwelling coverage you need may vary depending on the size of your home, its features, and the cost of living in your area.

Average homeowners insurance cost in Shreveport by company

Among the carriers we analyzed, Progressive is the most affordable homeowners insurance company in Shreveport. Its average annual rate for homeowners in Shreveport is $1,285 , while Allstate ranks second.

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

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

Home Insurance Company	Annual rate
Progressive	$1,285
Allstate	$2,473
Farmers	$3,190
LA Farm bureau	$4,417
State Farm	$5,235
USAA*	$2,120

*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

Home insurance protects your property and belongings from the financial impact of natural disasters. Home insurance can help pay for structural damage repairs, replace lost or damaged items, and provide funds for temporary housing if you can’t live in your home. This coverage provides financial relief, making it easier for homeowners to recover quickly from the effects of natural disasters.

While standard policies generally cover damage from windstorms, hail and lightning, additional coverage is required for disasters like floods, earthquakes and wildfires.

These types of damage are usually not covered by homeowners insurance, so homeowners need to buy separate flood or earthquake insurance to ensure complete protection.

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 Shreveport 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.