Home insurance in Louisiana

The average cost of Louisiana home insurance premiums is $2,259 per year, according to the latest data from the National Association of Insurance Commissioners in 2021, but many states have seen significant price increases since then. Because of the high risk of natural disasters like hurricanes and severe thunderstorms, Louisiana is the 2nd most expensive state for home insurance. However, the cost of your premium depends on your home’s exact location and other characteristics.

No, home insurance isn’t required by law in any state, but almost all mortgage lenders require proof of home insurance before providing a home loan. Even if your mortgage lender doesn’t require home insurance, it’s a good financial investment that can save you thousands of dollars in out-of-pocket repair costs.

Like many Gulf Coast states, Louisiana’s home insurance rates are impacted by annual hurricane risks, as well as severe thunderstorms. The cost of your own home insurance will depend on where you live in the state, the age of your home, your home’s characteristics, and other factors.

Though it’s sometimes referred to as hurricane insurance, Louisiana homeowners should check to ensure their home insurance policies include coverage for wind damage caused by hurricanes.

The policies we offer automatically include hurricane wind coverage, but you can also add flood insurance. Though flooding sometimes occurs during hurricanes, hurricane insurance covers wind-related damage, while flood insurance covers water damage from storm surges.