Even though it may seem ridiculous to pay a lot for homeowners insurance, half of Louisianans will spend more than 30% on utilities and rent. A policy protects our most valuable resource - our home. The best way to make sure you're financially secure in the event of a loss to your Louisiana home is to purchase the lowest homeowners insurance.
The Hanover
The Hanover is an important holding company that owns several Property and Casualty Insurance companies. It is one among the largest insurance companies and offers a broad range of products. Despite the company's high financial rating, many customers are unhappy with its customer service and claims. NerdWallet rates homeowners insurance companies on customer satisfaction and consumer complaints. To share your experience with a particular company's service, you can write a review.
USAA is the 2nd-cheapest plan
If you're looking for the cheapest homeowners insurance plan in Louisiana, USAA is one of your options. A USAA policy costs $1,724, which compares to the national average of $1.796. USAA premiums are slightly more than Allstate and State Farm. The average cost is $1,000 for a homeowner aged 40 with $300,000 liability coverage.
USAA has a FAIR policy
FAIR Plans are government programs which provide insurance for high-risk homes. These areas can be prone for natural disasters and high crime. They could also have high numbers of claims or be in dire need of repairs. FAIR Plans may require you to take additional steps for your home's improvement. It might be necessary to upgrade your wiring or install an alarm.
Hanover offers service coverage, water backup coverage, and guaranteed replacement price coverage
The Hanover offers homeowners a range coverage options. Its insurance includes deductible waivers, multiple insured items, and guaranteed replacement cost coverage. The policy covers many types of damages. The company website can be used to file claims.