It is important that you choose the policy that covers the risks you are most at risk when purchasing homeowners insurance in Louisiana. This includes damage caused by tornadoes or floods. In addition, you may want to consider whether the policy covers valuables or collectibles. And, of course, there are some exclusions.
Allstate
Allstate is an established insurance company that provides homeowners with a range of options. Its website, as well as digital tools, are simple to navigate and allow homeowners to quickly compare coverage. The company also offers discounts to homeowners for security systems and central fire alarms.
State Farm
State Farm has a range of options for homeowners insurance in Louisiana. Every policy is unique, and the cost will vary depending upon the size of your house, construction materials used, and where you live. You can get an online quote or speak to a local agent. State Farm customers who have an existing policy can file claims online or via their mobile application.
Progressive
Progressive Louisiana homeowners insurance provides a wide range of discounts. These discounts include paying in advance, going paperless, purchasing a newer house, bundling home and auto insurance, and buying paperless. While the average savings with Progressive are lower than the other insurers in our Best Home Insurance Companies of 2022 rating, they still offer plenty of incentives to customers. One of these incentives is the name-your-price option. This allows potential customers the ability to choose the exact price they'd like for their policy.
The Hanover
Hanover homeowners insurance in Louisiana is designed to protect your home. There are many endorsements offered by the company, including water backup and service coverage. You can also obtain a guaranteed replacement price policy. 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. The Complaint Index is 0.50, which indicates that the company has twice as many complaints than similar-sized insurers. However, you should keep in mind that the rates that USAA charges are higher than most companies in Louisiana. USAA's homeowner policy is $264 cheaper than the average rate in Louisiana. It costs $1950 per year and $163 per month.
Hurricanes
The home insurance market in Louisiana will see higher rates as it prepares for the 2022 hurricane season. A number of home insurance companies are reassessing their ability write Louisiana policies due to hurricane risks. A handful of companies have gone out of business, and the remaining companies have stopped writing new business and may even exit the state. It has resulted in a smaller number of insurance companies which reduces the coverage homeowners have.
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 your home's structure, you can get coverage up to $250,000 and $100,000 for its contents. Private insurers may also offer additional policies for higher-valued assets.
Windstorms
Louisiana homeowner's insurance includes two main components: hail coverage and wind coverage. Both can cause severe damage for homes and vehicles. As the state is known for hurricanes, tornadoes, and other severe storms, Louisiana homeowners should consider getting supplemental wind and hail coverage through their home insurance policy. Hail can destroy roofs, siding, gutters, roofs and other structures and can break windows. And the wind can knock down trees and send debris into the air.
Credit score
Credit scores are a significant factor in the overall cost of purchasing a Louisiana house. Because you have less credit, a home insurer will raise the cost of your policy. Consider your credit score before shopping for insurance. Make sure to compare quotes from three or more companies.