You should make sure that your Louisiana homeowners insurance policy covers only the types of risks that are most likely to happen. This could include damage from earthquakes, floods and tornadoes as well as other "insurance perils". Also, consider whether your policy covers valuables and collectibles. And, of course, there are some exclusions.
Allstate
Allstate, a trusted insurance company, offers homeowners a wide range of options. Its website and digital tools are easy to navigate and can help homeowners quickly compare coverage. The company offers homeowners discounts, such as for security systems and centralized 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. Get a quote online, or contact a local agent. You can file claims online, via their mobile app or by phone if you have an existing State Farm policy.
Progressive
There are many discounts available for homeowners in Louisiana through Progressive Louisiana insurance. These discounts include buying newer homes, paying in full upfront, consolidating auto and home insurance, and going paperless. Progressive has a lower average savings than other home insurance companies in our Best Home Insurance Companies for 2022 rating. However they still offer plenty 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 offered by the company, including water backup and service coverage. A guaranteed replacement cost policy is also available. You can also access online resources from the company that will help you make informed insurance decisions.
USAA
USAA is the most preferred insurance company for military personnel living in Louisiana. It offers many perks such as waiving deductibles on issued gear and personal property coverage in active war zones. It also has a Complaint Index Index of 0.50 which means it is less likely to be sued than other similarly-sized insurers. USAA's rates tend to be higher than those charged by most 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
As Louisiana prepares for the 2022 hurricane season, the home insurance market will likely face higher rates. Many home insurance providers have reexamined whether they are capable of writing policies in Louisiana because of the high risk associated to 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. There is now a smaller pool insurance companies, which has a negative impact on homeowners' coverage.
Floods
You should purchase flood insurance if you own a Louisiana home. 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 can also offer supplemental policies if you have higher-valued properties.
Windstorms
Louisiana homeowners insurance includes two important components, hail coverage as well as wind coverage. Both can cause severe damage to homes and vehicles. Louisiana is well-known for its hurricanes, tornadoes and other severe storms. Louisiana homeowners should look into supplemental hail and wind coverage as part of their home insurance. Hail can cause damage to roofs, siding, gutters and roofs and break windows. Wind can cause damage to trees and blow debris into space.
Credit score
Credit score plays an important role in the final cost of a Louisiana home. A home insurer will increase the price of your policy if you have poor credit, because this reflects a greater risk for the insurer. Consider your credit score before shopping for insurance. Make sure to compare quotes from three or more companies.