It is crucial that you select the policy that protects you against the most serious risks when purchasing Louisiana homeowners insurance. You can be affected by floods, tornadoes, earthquakes, or other "insurance perils". Also, consider whether your policy covers valuables and collectibles. And, of course, there are some exclusions.
Allstate
Allstate is a reliable insurance company that offers many options for homeowners. Its website and digital tools are easy to navigate and can help homeowners quickly compare coverage. The company also offers discounts to homeowners for security systems and central fire alarms.
State Farm
State Farm Louisiana offers homeowners insurance. Each policy is unique. The cost of each policy varies depending on the size and construction material used. Online quotes are available or you can speak with a local agent. You can file claims online, via their mobile app or by phone if you have an existing State Farm policy.
Progressive
The Louisiana Progressive homeowners insurance offers a wide range discounts. These include the ability to go paperless, pay in advance, buy a better home, bundle auto and home insurance, as well as going paperless. Progressive's average savings is lower than those of the other insurance companies in our Best Home Insurance Companies rating of 2022, but they still offer many incentives to customers. One incentive is the name it price option. This allows prospective customers and their agents to designate the price they would prefer to pay for their policy.
The Hanover
Hanover Louisiana homeowners policy is intended to protect your home. There are many endorsements available, including water backup and service line coverage. A policy that guarantees replacement cost can also be obtained. The company also offers online resources that can help home owners and buyers make intelligent decisions about their insurance.
USAA
USAA, the most well-known insurance company for military personnel, is also one of the most sought-after in Louisiana. It is also well-respected and has a Complaint Index 0.50. This means it has half as many complaints as similar-sized companies. USAA rates are much higher than the average rate charged by other Louisiana companies. USAA's homeowner policy is $264 cheaper than the average rate in Louisiana. It costs $1950 per year and $163 per month.
Hurricanes
In Louisiana, home insurance rates are likely to rise as the state prepares for 2022's 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. It has resulted in a smaller number of insurance companies which reduces the coverage homeowners have.
Floods
You should get flood insurance if your Louisiana property is located. 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. If you have a more valuable property, you may be able to purchase supplemental insurance with private insurers.
Windstorms
Louisiana homeowner's insurance includes two main components: hail coverage and wind coverage. Both can cause severe damage for homes and vehicles. 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 smash windows, damage siding, gutters or roofs, and cause other structural damage. Wind can even blow away trees, causing debris to float in the air.
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. You should consider your credit score when shopping for insurance, and make sure you compare quotes from three or more different companies.