When buying homeowners insurance in Louisiana, it's important to choose a policy that covers the specific types of risks you're most vulnerable to. This includes damage caused by tornadoes or floods. You may also want to check whether the policy covers collectibles and valuables. There are also exclusions.
Allstate
Allstate, a trusted insurance company, offers homeowners a wide range of options. Its website is easy to navigate, and it offers digital tools that allow homeowners to compare their coverage. The company also offers a variety of discounts for homeowners, including discounts for centralized fire alarms, security systems, and auto insurance bundles.
State Farm
State Farm Louisiana has many options when it comes to homeowners insurance. Every policy is unique and the cost of each policy will vary depending on how big your home is, what materials you used and where it is located. Get a quote online, or contact a local agent. If you have an existing policy with State Farm, you can file claims online, through their mobile app, or by phone.
Progressive
There are many discounts available for homeowners in Louisiana through Progressive Louisiana insurance. These discounts include buying newer homes, paying in full upfront, consolidating auto and home insurance, and going paperless. Progressive's average savings are lower than other insurers in our Best Home Insurance Companies 2022 rating. However, they offer many incentives to their customers. The name your price option allows prospective customers to select the exact price they want to pay to purchase their policy.
The Hanover
Hanover Louisiana homeowners insurance is designed for the protection of your home. There are many endorsements offered by the company, including water backup and service coverage. A policy with guaranteed replacement costs can be purchased. Online resources are also available to help buyers and home owners make informed decisions about their insurance.
USAA
USAA is Louisiana's most trusted insurance company. It is also a well-regarded company that holds a Complaint Index of 0.50, which means that it has half the complaints of similarly-sized insurers. USAA charges higher rates than many other Louisiana companies. USAA charges $1,950 per homeowner per year, or $163 each month. This is $264 more than the state's average rate.
Hurricanes
The home insurance market in Louisiana will see higher rates as it prepares for the 2022 hurricane season. Many home insurance companies have reassessed their ability to write policies in Louisiana due to the high risk associated with hurricanes. A handful of companies have gone out of business, and the remaining companies have stopped writing new business and may even exit the state. The result is a smaller pool of insurance companies, which limits the amount of coverage available to homeowners.
Floods
Flood insurance can be a great way to protect your Louisiana house. These policies will cover your home against flood damage and other natural hazards. For the structure of your house and up to $100,000 for its contents, coverage can be obtained for as high as $250,000. Additionally, you can buy supplemental policies with private insurers if you own a higher-valued property.
Windstorms
Louisiana homeowners insurance has two major components. They are hail coverage and wind. Both can cause serious damage to vehicles and homes. Louisiana is known for severe storms and hurricanes. Louisiana homeowners might want to add hail and wind coverage on their home insurance policies. Hail can damage roofs, sidings, gutters, roofs, or other structures, as well as break windows. Wind can even blow away trees, causing debris to float in the air.
Credit score
Credit score plays an important role in the final cost of a Louisiana home. A home insurer will increase the price of your policy if you have poor credit, because this reflects a greater risk for the insurer. Your credit score is an important consideration when you shop for insurance. Compare quotes from three to five companies.