It is crucial that you select the policy that protects you against the most serious risks when purchasing Louisiana homeowners insurance. This could include damage from earthquakes, floods and tornadoes as well as other "insurance perils". Also, consider whether your policy covers valuables and collectibles. There are certain exclusions.
Allstate
Allstate is a reliable insurance company that offers many options for homeowners. The website and digital tools make it easy for homeowners to compare coverage. The company also offers a variety of discounts for homeowners, including discounts for centralized fire alarms, security systems, and auto insurance bundles.
State Farm
If you're looking for homeowners insurance in Louisiana, State Farm offers a variety of different options. 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 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 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 to protect your house. There are many endorsements that the company offers, such as water backup and service line protection. You can also obtain a guaranteed replacement price policy. The company also has online resources that help home owners and buyers make smart decisions about their insurance.
USAA
USAA is the most popular insurance company for military personnel in Louisiana, and offers many perks, including waiving deductibles for issued gear and covering personal property in active war zones. It has a Complaint Index (or 0.50) that is half that of similar-sized insurance companies. However, you should keep in mind that the rates that USAA charges are higher than most companies in Louisiana. USAA charges $1,950 per homeowner per year, or $163 each month. This is $264 more than the state's average rate.
Hurricanes
Home insurance rates will rise as Louisiana prepares to face the 2022 hurricane season. Many home insurance companies have reassessed their ability to write policies in Louisiana due to the high risk associated with hurricanes. A few companies have gone out business. The remaining companies may not be able to write new business in Louisiana. The result is a smaller pool of insurance companies, which limits the amount of coverage available to homeowners.
Floods
Flood insurance can be a great way to protect your Louisiana house. These policies are designed to cover flood damage and other natural disasters in your home. You can get coverage for up to $250,000 for your home's structure and $100,000 for its contents. Private insurers can also offer supplemental policies if you have higher-valued properties.
Windstorms
Homeowners insurance in Louisiana has two key components - wind and hail coverage. Both can cause severe damage to homes and vehicles. As the state is known for hurricanes, tornadoes, and other severe storms, Louisiana homeowners should consider getting supplemental wind and hail coverage through their home insurance policy. Hail can break windows and damage siding, gutters, roofs, and other structures. 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. 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. When shopping for insurance, you should take into account your credit score and compare quotes from at least three companies.