It may seem ridiculous to spend a lot of money on homeowners insurance when almost half of all Louisianans spend more than 30% of their income on utilities and rent. However, homeowners insurance protects our most precious asset, our homes. Louisiana homeowners insurance at the lowest price is the best way for you to be financially protected in the unlikely event that something happens to your house.
The Hanover
Hanover is a large holding firm that also includes many Property and Casualty insurers. It is one the largest insurance companies in the nation and offers a variety of insurance products. Despite its high financial rating, customers have expressed dissatisfaction with customer service and claims. NerdWallet gives homeowners insurance companies an overall rating based on consumer satisfaction and complaints. You can submit a review if you have had a bad experience with a company to let other people know about it.
USAA is second-cheapest
USAA is the best option if you are looking for the lowest homeowners insurance in Louisiana. The average USAA policy's cost is $1724, lower than the $1,796 national average. USAA premiums are slightly more than Allstate and State Farm. The costs are based on an average 40-year-old homeowner with a $1,000 deductible and $300,000 of liability coverage.
USAA is a FAIR Plan
FAIR Plans are government programs which provide insurance for high-risk homes. These areas are high-crime and susceptible to natural disasters. These areas might also be prone to high levels of crime and disrepair. FAIR Plans could require that you take additional steps in order to improve your home. It might be necessary to upgrade your wiring or install an alarm.
Hanover covers service line coverage, water backup and guaranteed replacement costs.
The Hanover insurance offers homeowners many coverage options. Its insurance includes deductible waivers, multiple insured items, and guaranteed replacement cost coverage. It covers multiple types and damages. The company website can be used to file claims.