It is important that you choose the policy that covers the risks you are most at risk when purchasing homeowners insurance in Louisiana. This could include damage from earthquakes, floods and tornadoes as well as other "insurance perils". Consider whether the policy covers valuables, collectibles, and other items. You will also find exclusions.
Allstate
Allstate is a reliable insurance company that offers many options for homeowners. Its website is easy to navigate, and it offers digital tools that allow homeowners to compare their coverage. The company offers homeowners discounts, such as for security systems and centralized fire alarms.
State Farm
State Farm Louisiana offers homeowners insurance. Each policy is different, so the price will depend on your home's size, construction materials and location. You can either get an online quote, or 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
You can get a variety of discounts with Progressive Louisiana homeowners insurance. 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 such incentive is the name your price option, which enables prospective customers to indicate the exact price they'd like to pay for their policy.
The Hanover
Hanover Louisiana homeowners insurance is designed for the protection of your home. You can choose from a variety of endorsements including water backup and service-line coverage. A guaranteed replacement cost policy is also available. The company offers online resources to assist home-owners and buyers in making smart decisions about insurance.
USAA
USAA is Louisiana's most loved insurance company. They offer many perks including a waiver of deductibles for issued gear, as well as coverage for personal property in 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 are more expensive than other companies in Louisiana. The average homeowners policy from USAA is $1,950 per annum or $163 per monthly, which is $264 more than the average rate in the state.
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 few companies have been forced to close their doors and others may have stopped writing new customers. This results in a smaller insurance company pool, which restricts homeowners' access to coverage.
Floods
Flood insurance is a good idea if you have a Louisiana house. These policies are designed to cover flood damage and other natural disasters in your home. You can get coverage of up to $250,000 on your home's structural structure and $100,000 on its contents. You can also purchase supplemental policies from private insurers if your property is of higher value.
Windstorms
Homeowners insurance in Louisiana has two key components - wind and hail coverage. Both can cause serious damage and destruction to homes as well as 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 damage roofs, sidings, gutters, roofs, or other structures, as well as break windows. And the wind can knock down trees and send debris into the air.
Credit score
The cost of your home purchase in Louisiana will depend on how good your credit rating is. If you have poor credit scores, your home insurance will raise the price of the policy. This is because the insurer considers that you are more risky. You should consider your credit score when shopping for insurance, and make sure you compare quotes from three or more different companies.