The 3 Best Louisiana Homeowners Insurance Companies

In the years since Hurricane Katrina caused enormous destruction and loss of life in Louisiana in August 2005, the Pelican State has been focusing on rebuilding smarter, safer and stronger than before. The state’s coastal location, history of extreme weather and higher-than-average crime rate have resulted in sky-high insurance rates for Louisiana homeowners. The state’s average annual homeowners insurance premium is $1,967, which is the highest in the nation and $775 above the national average of $1,192, according to the “Insurance Information Institute”

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    With rates so high, it is important to find a provider that offers comprehensive coverage so that you’re fully protected in the event of a disaster.

    This compilation of premium data and top picks for Louisiana homeowners insurance is outlined below. Be aware that flood insurance does not come included in most homeowners insurance policies but is a valuable protection to have in Louisiana, so factor in this additional cost when you are shopping around!

    In this article

      Our Top Picks for Best Homeowners Insurance in Louisiana

      • State Farm
      • Allstate
      • Liberty Mutual

      Any State Farm policy can be supplemented with personal liability and injury coverage, identity restoration coverage, and increased protection for a wide range of home businesses.

      J.D. Power Rating
      3/5
      AM Best Rating
      A++
      Standard & Poor’s
      AA
      SimpleScore
      4 / 5.0
      close
      SimpleScore State Farm 4
      Discounts 2
      Coverage Options 5
      Customer Satisfaction 3
      Support 5
      Accessibility 5

      Backed by an A++ from A.M. Best for financial stability and the largest provider of homeowners insurance in Louisiana, State Farm is a safe bet for affordable and reliable coverage. The company has standard policy offerings for just about any type of residence and is one of the best insurance options for farms and ranches, a valuable feature in parts of Louisiana.

      Should you need to file a claim, you can do so using State Farm’s 24-hour claims hotline, in person at one of its many local offices, online, or using the handy mobile app. The website is easy to navigate, and you’ll find that it is intuitive so you can find the claims information that you need.

      To help you better prepare for an emergency, State Farm offers tips for cataloging your home’s valuables. Compiling a room-by-room catalog of your covered possessions and their respective conditions and worth will remove the guesswork after a loss and will allow you to file an accurate claim.

      If the damage to your home requires emergency water mitigation or flooring repair services, State Farm’s Premier Service program will put you in contact with a reputable contractor in your area to carry out repairs and restore your home to livable conditions.

      Innovative online resources and tools, wide coverage options and multiple discount opportunities make Allstate an attractive choice for Louisiana homeowners insurance.

      J.D. Power Rating
      3/5
      AM Best Rating
      A+
      Standard & Poor’s
      AA-
      SimpleScore
      4.4 / 5.0
      close
      SimpleScore Allstate 4.4
      Discounts 4
      Coverage Options 5
      Customer Satisfaction 3
      Support 5
      Accessibility 5

      The company’s online learning center offers an extensive library of videos, articles, checklists, specialty calculators and tools to help educate customers about homeownership and policy management. Allstate’s Premium Gauge, for example, allows you to see how various factors, such as the age of your home or the installation of a security device, can affect your annual premium rate so you can make informed decisions and save on your policy.

      Allstate also helps you save by offering discounts such as 30 percent off for bundling auto and home policies, 20 percent for going claim-free, 15 percent for installing security devices, 10 percent for being new to Allstate for the first two years you hold your policy, and 5 percent for signing up for automatic billing.

      Allstate offers standard policies regardless of what kind of Louisiana dwelling you call home. The company even insures very old homes, a relatively rare offering among its competitors. You also have coverage in the event of water backup from your sump pump or another drain, a handy feature if you live on the coast or near water. With Allstate, you can rest easy knowing that you can add protections to the things that matter most to you — whether it be sports equipment, musical instruments, yards and gardens, home offices or electronic data.

      Liberty Mutual’s Contractor Network Referral program will get you in contact with a vetted contractor to carry out the necessary repairs to make your home safe again. The company even places a one-year guarantee on the work done, so you can trust the service you will receive and have the peace of mind knowing that your most valuable asset is being looked after responsibly

      J.D. Power Rating
      3/5
      AM Best Rating
      A
      Standard & Poor’s
      N/A
      SimpleScore
      4.4 / 5.0
      close
      SimpleScore Liberty Mutual 4.4
      Discounts 5
      Coverage Options 4
      Customer Satisfaction 3
      Support 5
      Accessibility 5

      Liberty Mutual is an attractive option for Louisiana homeowners looking to save money. The company offers a host of discounts: customers can receive premium deductions for bundling policies, installing protective devices, purchasing a policy for a new or recently renovated home, or having a claim-free record for at least three years. Liberty Mutual also has a vast network of over 14,000 affiliate business organizations, groups, and alumni associations that provide more exclusive partner savings to members.

      If you experience an accident, Liberty Mutual is a good company to have by your side. The company will automatically adjust for inflation whenever it is time to renew your policy. You can easily report a claim by going online or by using Liberty Mutual’s 24/7 claims hotline. Once your claim has been received, you can also take advantage of the 24-hour emergency repair service, which can provide immediate assistance for your damaged home at any time.

      Find the Best Home Insurance in Louisiana

      Save money on home insurance with our simple comparison tool.

      Matching you with providers.
      We found results in
      Click at least 2-3 companies to find the very best rate.

        How much is homeowners insurance in Louisiana?

        The cost for homeowners insurance in Louisiana is $1,967 per year, which is $775 more than the national average. This significant increase is due to a number of factors in the state, which are discussed below.

        Louisiana Rate Factors

        Although you are unlikely to experience damage caused by an earthquake in Louisiana, which ranks 40th in the U.S. for earthquake claims, flooding is a real concern. Located on the Gulf of Mexico and featuring many low-lying areas, Louisiana is often among the top three states in the country for flood claims. Hurricanes are another common occurrence in the state, so you need to make sure that your policy explicitly covers this natural disaster. Because of the vulnerability to natural disasters, homeowners insurance rates are high.

        Methodology

        SimpleScore

        The SimpleScore is a proprietary scoring metric we use to objectively compare products and services at The Simple Dollar.
        For every review, our editorial team:

        • Identifies five measurable aspects to compare across each brand
        • Determines the rating criteria for each aspect score
        • Averages the five aspect scores to produce a single SimpleScore

        Here’s a breakdown of the five aspect scores and their rating criteria for our reviews on home insurance.

        Why do some brands have different SimpleScores on different pages?

        To ensure the SimpleScore is as helpful and accurate as possible, we developed unique criteria for every category we compare at The Simple Dollar. Since most brands offer a variety of financial solutions, their products and services will score differently depending on what we’re scoring on a given page.

        However, it’s also possible for the same product from the same brand to have multiple SimpleScores. For instance, if we compare State Farm’s home insurance according to our criteria for the best home insurance, it scores a 3.8 out of 5. But when we compare State Farm according to the criteria for the best auto insurance, it scores higher, since the features the company offers can vary by the type of insurance.

        Discounts

        We looked at the number of discounts each company offers – more discounts mean a higher score.

        Coverage Options

        We awarded higher scores to the companies that offer more coverage options.

        Support

        We awarded higher scores to companies with the most channels for customer support.

        Customer Satisfaction

        We leveraged the J.D. Power 2019 Home Insurance Satisfaction Study℠ to see how customers rated their experience with each company. (If a company wasn’t included in J.D. Power’s study, we skipped this aspect and averaged the four remaining aspect scores.)

        Accessibility

        We looked at the level of accessibility of each company – the more resources they have the higher their score