Even though it may seem ridiculous to pay a lot for homeowners insurance, half of Louisianans will spend more than 30% on utilities and rent. We must not forget that our most valuable asset is our home. 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 Insurance Holdings is a large holding that includes many Property and Casualty insurance businesses. 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 rates homeowners' insurance companies on their customer satisfaction levels and consumer complaints. Review a company if you have negative experiences with them.
USAA is second-cheapest
USAA is the right choice if you're searching for the cheapest homeowners policy in Louisiana. The average cost of a USAA policy is $1,724, which is cheaper than the national average of $1,796. USAA premiums can be slightly more costly than Allstate and State Farm. The average cost is $1,000 for a homeowner aged 40 with $300,000 liability coverage.
USAA is a FAIR Plan
FAIR Plans is a government program that provides insurance for homes in high risk areas. These areas can be high in crime and are prone to natural disasters. These areas may have high claims and be in poor condition. FAIR Plans may require you to take additional steps for your home's improvement. You may have to install an emergency alarm system or change the wiring in your home.
The Hanover offers service line coverage, water backup coverage and guaranteed replacement cost coverage
The Hanover provides homeowners with a variety of coverage options. The insurance policy includes a deductible waiver, multiple insured items, as well as guaranteed replacement cost coverage. It covers multiple types and damages. If you need to make a claim, you can file through the company's website.