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Licensed auto and home insurance agent
4+ years of experience in insurance and personal finance editing
NPN: 20564519
Updated
If you own a home in Louisiana, you already know insuring it isn’t cheap. The average home insurance premium for a policy with $300,000 in dwelling coverage is $417 per month, according to Compare.com data. In coastal and storm-prone areas, rates can be even higher.
Hurricanes, severe weather, and fewer insurance companies willing to operate in the Bayou State have driven up rates in recent years. But your actual premium depends on where you live, the age and condition of your home, and which insurer you choose. Currently, Foremost offers the lowest average rates in Louisiana, at $216 per month.
In this guide, you’ll see which companies offer the lowest rates for different types of homeowners and get tips for choosing the right coverage for your home and personal belongings.
Hurricane risk, flooding, and limited insurer availability make Louisiana an expensive state for home insurance.
Standard home insurance policies don’t cover flood damage, so you may need to buy a separate policy.
Comparing multiple quotes and reviewing coverages and deductibles helps you balance protection and affordability.
You won’t find one single “best” home insurance company for every Louisiana homeowner. The best company for you depends on where you live, your home’s risk profile, your budget, and the level of protection you want.
We selected the companies in this guide based on a balanced review of average rates in Louisiana, available discounts, customer satisfaction ratings, financial strength, and the types of coverage they offer in the state.
Company | Compare.com Rating | Average Monthly Premium | Average Annual Premium |
|---|---|---|---|
| Chubb | 4.19 | $308 | $3,696 |
| American Family | 4.45 | $183 | $2,196 |
| State Farm | 4.38 | $235 | $2,820 |
| Farmers | 3.87 | $231 | $2,772 |
| Allstate | 4.18 | $208 | $2,496 |
Chubb is a great option if you own a high-value or custom-built home in Louisiana. The company’s Masterpiece program offers extended replacement cost coverage for your home’s structure and contents. The company earned the third-highest score in J.D. Power’s 2026 U.S. Property Claims Satisfaction Study.
Tailored insurance
A++ (Superior) financial strength rating
Quotes not available online
Higher than average rates
American Family is a good fit for first-time homeowners who want guidance along with coverage. The company offers educational tools and homeownership resources, including programs designed to help new homebuyers understand insurance basics.
Competitive discounts for bundling home and auto insurance, along with customizable policy options, help new homeowners balance coverage and affordability.
Educational resources for new homeowners
Generous bundling discounts
Below-average J.D. Power claim satisfaction rating
Liability restrictions for some dog breeds
| Our Rating Compare.com's ratings are determined by our editorial team. The objective formula used in these reviews weighs several important factors to consider when choosing financial products and services, including customer satisfaction ratings, ease of use, and a number of other components. | 4.1 /5 |
|---|---|
| J.D. Power J.D. Power data measures overall customer satisfaction and claims satisfaction based on a 1,000-point scale. | 643 |
| $300,000 Dwelling A standard HO-3 home insurance policy typically includes dwelling, personal property, and liability coverage. The average rate displayed here reflects a policy with the following coverage limits: $300,000 dwelling; $25,000 personal property; $300,000 personal liability; $30,000 loss of use; and a $1,000 deductible for medical payments to others. | $369/mo |
| $500,000 Dwelling A standard HO-3 home insurance policy typically includes dwelling, personal property, and liability coverage. The average rate displayed here reflects a policy with the following coverage limits: $500,000 dwelling; $25,000 personal property; $300,000 personal liability; $30,000 loss of use; and a $1,000 deductible for medical payments to others. | $525/mo |
State Farm is a great pick for homeowners who value in-person customer service, though its average rates are higher than several competitors. If you prefer working with a local agent who knows your area and can walk you through coverage decisions, a local State Farm agent can make the process feel more personal.
Large network of local agents in Louisiana
Above-average customer satisfaction ranking
Comparatively few discounts
Below-average J.D. Power claim satisfaction rating
Farmers can make sense if you’ve invested in energy-efficient upgrades or a certified green home. The company offers discounts on properties that are certified by Energy Star, LEED, and EPA, which reward sustainable building choices.
With guaranteed replacement cost coverage available, you can protect the full value of those environmentally friendly improvements.
Discounts for green-certified homes
Guaranteed replacement cost coverage available
Lower-than-average J.D. Power customer satisfaction
Below-average claims satisfaction rating
If you rent out part of your home through a homesharing platform, or rent out the entire home while you’re out of town, a standard home insurance policy may leave you with coverage gaps. Allstate’s landlord insurance includes coverage while your tenant lives on the property.
Discounts for paying in full
Special coverage for energy-efficient improvements
Below-average claims satisfaction rating
Lower-than-average J.D. Power customer satisfaction
Home insurance rates in Louisiana can vary dramatically from one company to another, and sometimes by hundreds of dollars per month for the same level of coverage. That’s why it’s important to compare multiple quotes to find the best deal.
The table below shows the cheapest insurance companies in Louisiana for a policy with $300,000 in dwelling coverage, based on data from Compare.com.
Company | Average Yearly Premium |
|---|---|
| Foremost | $2,592 |
| USAA | $2,820 |
| Encompass | $2,892 |
| State Farm | $4,428 |
| Hanover | $5,004 |
| Allstate | $5,832 |
| Farmers | $6,576 |
| Shelter | $9,456 |
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The coverage limits you choose have a big effect on the cost of home insurance. Higher coverage limits mean your insurance company has to pay more to repair or rebuild your home after a loss, so rates increase as your coverage limits rise. Construction costs, materials, and local labor costs all factor into the total insured value.[1]
The table below shows average home insurance rates in Louisiana across several dwelling coverage levels, according to Compare.com.
Company | Average Yearly Premium |
|---|---|
| Foremost | $1,740 |
| Encompass | $1,968 |
| USAA | $2,076 |
| Hanover | $3,300 |
| State Farm | $3,336 |
| Allstate | $3,432 |
| Farmers | $4,656 |
| Shelter | $6,780 |
Company | Average Yearly Premium |
|---|---|
| Foremost | $2,592 |
| USAA | $2,820 |
| Encompass | $2,892 |
| State Farm | $4,428 |
| Hanover | $5,004 |
| Allstate | $5,832 |
| Farmers | $6,576 |
| Shelter | $9,456 |
Company | Average Yearly Premium |
|---|---|
| USAA | $3,516 |
| Foremost | $3,744 |
| Encompass | $3,780 |
| State Farm | $5,412 |
| Hanover | $6,696 |
| Allstate | $8,244 |
| Farmers | $8,712 |
| Shelter | $12,288 |
Company | Average Yearly Premium |
|---|---|
| USAA | $4,200 |
| Encompass | $4,608 |
| Foremost | $5,088 |
| State Farm | $6,300 |
| Hanover | $8,424 |
| Allstate | $10,644 |
| Farmers | $10,896 |
| Shelter | $15,192 |
Company | Average Yearly Premium |
|---|---|
| USAA | $5,904 |
| Encompass | $6,816 |
| State Farm | $8,328 |
| Foremost | $8,964 |
| Hanover | $12,720 |
| Allstate | $16,656 |
| Farmers | $17,148 |
| Shelter | $22,344 |
Home insurance premiums can vary widely from one city in Louisiana to another. Coastal exposure, flood risk, local crime rates, rebuilding costs, and recent storm losses affect how insurance companies price coverage in different areas.
The table below shows the average premiums for some of Louisiana’s largest cities, according to Compare.com data.
City | Average Yearly Premium |
|---|---|
| New Orleans | $696 |
| Baton Rouge | $395 |
| Shreveport | $306 |
| Lafayette | $472 |
Several factors drive up home insurance premiums in Louisiana. Insurance companies price policies based on the likelihood of severe damage and the cost to rebuild. Below are some factors that have made coverage more expensive and sometimes harder to find in the state.
Louisiana faces frequent hurricanes and tropical storms, which bring wind, rain, and storm surge damage.[2] Standard homeowners insurance typically covers wind damage, but homeowners in coastal areas may have separate wind deductibles.
Flooding is a common and costly risk in Louisiana, as roughly one-third of the state is just a few meters above sea level.[3] Standard homeowners insurance policies don’t cover flood damage. To protect your property, you’ll need a separate flood policy through the National Flood Insurance Program (NFIP) or a private insurance company.
In the last few years, several insurance companies have stopped offering new home insurance policies in Louisiana due to recent hurricanes, according to NBC News. Fewer options mean less competition and higher premiums. This lack of options makes it even more important to compare home insurance quotes and carefully review insurance coverage details.
The Louisiana Department of Insurance regulates insurance companies that operate in the state, reviews rate filings, and handles consumer complaints.
If you have questions about your policy or need to file a complaint, you can contact the department through its website or call its consumer services division for assistance.
Website: www.ldi.la.gov
Phone: 1 (800) 259-5300
)
Standard homeowners insurance protects you against sudden, accidental damage to your home and belongings.[4] It doesn’t cover every type of loss or property damage to your home.
Policies typically include:
Dwelling coverage: If a covered event like fire, wind, hail, or lightning damages your home’s structure, your policy can help pay to repair or rebuild it. The policy may also cover other structures on the property, such as fences, sheds, or a detached garage.
Personal property coverage: Your policy can help replace belongings such as furniture, electronics, and clothing if a covered peril damages them.
Loss of use coverage: If a covered loss makes your home uninhabitable, your policy can pay for temporary housing and other living expenses.
Liability coverage: When you’re legally responsible for someone’s injury on your property, your policy can help cover the resulting expenses.
Standard homeowners insurance policies exclude several risks that are especially relevant in Louisiana. Below are a few things your policy might not cover:[5]
Flooding: Rising water from storm surge, heavy rainfall, or overflowing rivers requires a separate flood insurance policy. This is critical in many Louisiana parishes near sea level or near rivers.
Earth movement: Louisiana isn’t at high risk for major earthquakes, but smaller earthquakes do happen occasionally. Standard home insurance policies don’t cover damage from earthquakes or land subsidence, so a separate endorsement or policy for that protection is recommended.
Normal wear and tear: Paying to repair or replace aging roofs, gradual leaks, and maintenance issues falls on you as the homeowner.
Mold from long-term moisture: Mold caused by neglected maintenance typically isn’t covered.
Pest damage: Termites and other pest infestations are considered preventable maintenance issues.
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Standard home insurance policies don’t cover flood damage, even if the flooding results from a hurricane or heavy storm. Louisiana homeowners should be aware of that exclusion, since flooding is common in the state.
You can purchase flood coverage through the NFIP or from a private insurance company. NFIP policies follow federal guidelines, while private policies may offer coverage above the NFIP’s $250,000 building limit.
Several factors influence what you’ll pay for homeowners insurance in Louisiana, and your home’s value is only one piece of the puzzle. Below are some other factors that affect your rates:
The home itself: Your home’s age, construction materials, roof condition, and rebuild cost all affect your premium. Older homes with aging roofs may cost more to insure, especially in storm-prone areas.
Your location: Coastal proximity, flood zone designation, local crime rates, distance to fire hydrants, and recent storm losses in your parish can affect pricing. Insurance companies look closely at risks in your local ZIP code.
Policy limits and deductibles: Your policy’s dwelling limits, deductible amounts, endorsements, and optional coverage can raise or lower your rates.
Your background: Insurance companies typically review your claims history and even your credit-based insurance score when setting your rates.
If you still have questions about coverages, costs, or choosing the right insurance company in Louisiana, here’s some helpful information.
The average cost for a $300,000 dwelling policy in Louisiana is $417 per month. Your actual rate depends on your location, coverage limits, and deductible.
No single insurer will be the best for every homeowner. The right insurance company depends on your budget, coverage needs, home value, and whether you prioritize service, discounts, or specialized protection.
Foremost offers the lowest average rate, at $216 per month, according to Compare.com data. Rates vary depending on ZIP code and other factors.
Frequent hurricanes, severe storms, and limited insurer availability increase the cost of buying home insurance in Louisiana. Shop around and compare quotes from several companies to find the best deal.
A standard policy covers your home’s structure, personal belongings, liability, and additional living expenses after covered events. Policies typically cover damage from events like fire, wind, or hail, but not flooding.
Hurricanes increase the likelihood of large, costly claims. Some insurance companies don’t offer homeowners insurance in hurricane-prone areas, and others apply higher wind deductibles in coastal areas. This raises overall premiums and out-of-pocket costs after a claim.
Compare.com data scientists analyzed rates from more than 180 home insurance companies sourced directly from Compare.com’s partner companies and Quadrant Information Services. Rates span all 50 states and Washington, D.C., and quote averages represent the mean price for a given coverage level and geographic area. To ensure data reliability, only insurers meeting minimum quote thresholds were included in the analysis.
Unless otherwise specified, quoted rates reflect the average cost for homeowners with no prior claims and good credit with a home construction year of 1980. The default coverage assumptions include:
Additional data points beyond these default values are sourced from Compare.com’s proprietary database. Rates are updated monthly.
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Licensed auto and home insurance agent
4+ years of experience in insurance and personal finance editing
NPN: 20564519
At Compare.com, it’s our mission to give you the tools to find the best (and most affordable) insurance for your unique needs and budget. We strive to provide information that’s helpful, clear, and unbiased, and we believe that comparing insurance companies should never put you at risk of spam. Our editorial team — which is made up of experienced writers, editors, insurance agents, and data analysts — has spent thousands of hours researching and creating the coverage overviews, side-by-side comparisons, and detailed reviews you see across our site.
While we make money through partnerships with some of the brands we discuss in our articles, our editorial team operates 100% independently, and these partners never influence or affect the topics, reviews, ratings, or recommendations we provide. We never guarantee favorable reviews or mentions in exchange for compensation from any brands or partners, and we uphold strict editorial standards to ensure our content is always independent, truthful, and unbiased.
