If you own a home in Louisiana, there's a good chance that you were not happy when you got your last renewal notice.

It seems that this past year premiums for homeowners insurance have made exponential jumps across the state.

The stats prove this too. On average, Louisiana homeowners pay $2,633 for home insurance, which is around $100 more than the national average.


To further prove the point above, 63% of policyholders in Louisiana experienced increased coverage costs last year. And 17% have had their home insurance plan canceled completely, according to a survey by LSU.

The folks at MarketWatch Guides have done some research and put together Louisiana's best homeowners insurance options based on coverage quality, price, discounts, and customer service.

You can check out their full guide here: https://www.marketwatch.com/guides/insurance-services/homeowners-insurance-louisiana/

There is a lot of good information in this report that may help you get better and/or cheaper coverage.

For example, MarketWatch put together what they consider the best homeowners insurance companies in the state. Below are their top three selections. (Click on the graphic to enlarge.)

MarketWatch Guides
MarketWatch Guides

When it comes to cost, there is a big range across the state.

Golden Meadow has the most expensive annual premium at $5,742 while Rosepine has the cheapest at $1,887.

What factors affect home insurance rates in Louisiana?

Insurance companies consider several factors when determining how much you will pay for home insurance.

Those factors include the following:

  • Risk of natural disasters
  • Proximity to fire services
  • Local crime rates
  • Age and condition of your home
  • Credit score
  • Claims history
Large white oak tree punctures roof on house

Tips for saving money on home insurance in Louisiana

While we are stuck with higher premiums than much of the nation, there are some things you can look at or do to lower those monthly payments.

Most insurance providers have opportunities for you to save on your policy costs by qualifying for discounts, such as:

  • Policy bundling: In many cases, you can lower your insurance costs if you purchase more than one type of policy with the same insurance provider.
  • Claims-free: If you remain claims-free for a certain period (generally three years), you can lower your premiums.
  • Home safety: Many insurers will provide a discount if you install safety devices like burglar alarms in your home.
  • New home: Simply put, new builds are generally less likely to require repairs.
  • Good credit: Insurers consider it less risky to insure customers with a strong credit history. So, in some cases, they'll offer a discount for those with good credit.

Other money-saving tips include storm-proofing your home (as hurricanes and storms are prevalent in Louisiana), increasing your deductible, and simply shopping around.

The concept of home ownership and 50 dollars

Who's the cheapest?

The bottom line for homeowners is getting the best coverage for the best price.

With the help of MarketWatch Guides, we've put together a list of the most affordable providers in Louisiana to help you find the best coverage at the lowest cost.

5 Cheapest Homeowners Insurance Providers in Louisiana

Several factors, like the risk of natural disasters, property condition, and personal characteristics determine how much you will pay for home insurance. And while Louisianians pay about $100 higher than the national average, below are the five cheapest homeowner insurance providers in the state.