Home insurance in Louisiana costs an annual average of $5,136 for a policy with $300,000 in dwelling coverage, significantly higher than the national annual average of $2,532.

Hurricanes and flooding are Louisiana homeowners’ most common risks — with the occasional threat of tornadoes, especially in the southern parishes.1 Insurers increase rates in areas prone to natural disasters to offset the likelihood that they’ll have to pay out more on a claim.

Here’s what you need to know about comparing home insurance quotes to protect your house and keep premiums low in the Pelican State.

Best home insurance companies in Louisiana

You’ll find a range of different companies for home insurance in Louisiana. Each provides unique benefits and protection — the challenge is choosing the company that best fits your specific situation and coverage needs.

Start your search with the home insurance companies listed below.

Cheapest rates: ASI Progressive

ASI Progressive offers the cheapest rates in the state. Louisiana has some of the most expensive home insurance rates in the country, so access to affordable coverage is good news for the 66% of Louisianians who own homes. As a subsidiary of Progressive, ASI’s reputation is top notch. AM Best gives it a financial strength rating of A+ (Superior), and the Better Business Bureau (BBB) also rates it A+.

Best insurer for hurricane coverage: Centauri Specialty Insurance Company

Best insurer for policy perks: USAA

Best insurer for manufactured homes: State Farm

Cheapest home insurance in Louisiana

Average home insurance costs can vary, but the cheapest coverage in Louisiana is from Foremost. The company helps you protect your property and personal belongings against potential disasters without overextending your finances. This way, you get peace of mind even in a region known for its challenging weather.

Check out other affordable home insurance companies in the state below.

Cost of homeowners insurance in Louisiana

Louisiana’s average homeowners insurance premium is $5,136 per year — nearly double the national average. The state’s history of catastrophic hurricanes makes it one of the most expensive states for home insurance. Cities prone to hurricanes and flooding, such as New Orleans and Baton Rouge, typically have higher rates.

Your home’s age and construction type, as well as your credit history, can affect how much you pay for coverage. But in 2024, Louisiana is considering a law that would stop insurers from using credit scores when setting prices.3

Cost of homeowners insurance by dwelling coverage amount

The amount of dwelling coverage you choose influences your homeowners insurance premium. Higher coverage limits mean the insurer would pay out more if a covered event destroys your home, naturally leading to higher rates. Essentially, the more you want your insurance to cover in the event of a loss, the more you’ll need to pay for your monthly or annual premiums.

The table below shows what Louisiana homeowners pay, on average, by coverage amount.

Cost of homeowners insurance by deductible

The cost of your homeowners insurance can vary greatly depending on the deductible you pick. A deductible is the money you pay out of pocket before your insurance pays for a claim.

A low deductible places more risk on your insurance company, raising your rates. A higher deductible reduces your premiums because you take on a greater share of the financial responsibility in case of a claim.

Below, you can see how choosing a lower deductible will result in a higher home insurance premium. Rates shown are for a policy with $300,000 in dwelling coverage.

How to get cheap homeowners insurance in Louisiana

A few clever strategies can unlock cheap home insurance to keep more of your hard-earned cash where it belongs — in your pocket:4

• Increase your deductible. A higher deductible places more of the financial burden on you if you file a claim, and insurance companies reward your increased risk with lower premiums. Make sure you have sufficient emergency savings since the higher deductible means you’ll have to fork over more money when filing a claim.

• Bundle your home and auto insurance. Many insurers offer discounts if you buy both your home and auto policy from a single company. It can shave up to 25% or more off your bill. Plus, keeping everything with one company makes it easier to manage your policies.

• Disaster-proof your home. Making your home safer from severe weather can help you save money on insurance. Think about adding storm shutters, making your roof stronger, or using tougher roofing materials. Also, updating your heating, plumbing, and electrical systems can lower the chance of fire and water damage, which might reduce your insurance costs.

• Maintain good credit. Louisiana insurance companies can use credit information to price homeowners policies. Having a solid credit history can affect how much you pay. Pay your bills on time, keep credit balances low, and check your credit report regularly for errors.

How much homeowners insurance do you need in Louisiana?

Louisiana doesn’t require you to buy home insurance. But your lender will likely require you to purchase a policy when taking out a mortgage to buy a home. The lender has a financial stake in your property and wants to make sure you have protection against potential losses from disasters like hurricanes, fires, or theft.

But don’t settle for minimum-coverage amounts. Review the policy details, including the dwelling coverage limits, personal property coverage, and liability protection, so you know what the homeowners policy covers.

Then, consider any additional coverage or insurance products you may need. For example, you might need to have extended coverage for jewelry and antiques or specific coverage for a trampoline or swimming pool.

What are some of the biggest risks when owning a home in Louisiana? 

Louisiana homeowners face some of the steepest insurance rates in the country, thanks to the state’s unfortunate knack for attracting natural disasters like hurricanes and floods. But tornadoes can also pop up.

With eight types of homeowners insurance available, having the right coverage is key.