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 could include damage from earthquakes, floods and tornadoes as well as other "insurance perils". Also, consider whether your policy covers valuables and collectibles. And, of course, there are some exclusions.
Allstate
Allstate is a reputable insurance company that offers a variety of options for homeowners. Its website and digital tools can be used to quickly compare coverage and are simple to use. There are also discounts available for homeowners such as discounts on centralized fire alarms and security systems.
State Farm
State Farm has a range of options for homeowners insurance in Louisiana. Each policy is different, so the price will depend on your home's size, construction materials and location. You can request a quote online or talk to a local agent. State Farm policies are available online. You can also file claims via their mobile app.
Progressive
You can get a variety of discounts with Progressive Louisiana homeowners 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. One such incentive is the name your price option, which enables prospective customers to indicate the exact price they'd like to pay for their policy.
The Hanover
Hanover Louisiana homeowners insurance is designed for the protection of your home. There are many endorsements available, including water backup and service line 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 the most popular insurance company for military personnel in Louisiana, and offers many perks, including waiving deductibles for issued gear and covering personal property in active war zones. It has a Complaint Index (or 0.50) that is half that of similar-sized insurance companies. USAA charges higher rates than many other Louisiana companies. USAA's average homeowner's policy costs $1,950 annually or $163 per months, which is $264 more expensive than the average rate for the state.
Hurricanes
The home insurance market in Louisiana will see higher rates as it prepares for the 2022 hurricane season. Because of the hurricane risk in Louisiana, many home insurers have reexamined their ability and capacity to write Louisiana policies. A handful of companies have gone out of business, and the remaining companies have stopped writing new business and may even exit the state. This results in a smaller insurance company pool, which restricts homeowners' access to coverage.
Floods
If you own a house in Louisiana, you should consider purchasing flood insurance to protect your property. These policies can cover flood damage or other natural disasters to your home. You can get coverage of up to $250,000 on your home's structural structure and $100,000 on its contents. Private insurers can also offer supplemental policies if you have higher-valued properties.
Windstorms
Louisiana homeowners insurance includes two important components, hail coverage as well as wind coverage. Both can cause serious damage to vehicles and homes. Louisiana is well-known for its hurricanes, tornadoes and other severe storms. Louisiana homeowners should look into supplemental hail and wind coverage as part of their home insurance. Hail can destroy roofs, siding, gutters, roofs and other structures and can break windows. The wind can blow debris into the air and knock down trees.
Credit score
Your credit score plays a major role in the cost of buying a Louisiana home. Your home insurance policy will be more expensive if your credit score is low. This is due to the fact that the insurer sees you as a higher risk. It is important to consider your credit score when looking for insurance. Also, make sure you get quotes from at least three different companies.