When buying homeowners insurance in Louisiana, it's important to choose a policy that covers the specific types of risks you're most vulnerable to. This can include damage caused by earthquakes, floods, tornadoes, and other "insurance perils." In addition, you may want to consider whether the policy covers valuables or collectibles. And, of course, there are some exclusions.
Allstate
Allstate is a reputable insurance company that offers a variety of options for homeowners. Its website and digital tools can be used to quickly compare coverage and are simple to use. 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. Online quotes are available or you can 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
A wide variety of discounts are available to homeowners who have Progressive Louisiana homeowners policy. These include the ability to go paperless, pay in advance, buy a better home, bundle auto and home insurance, as well as going paperless. Progressive's average savings are lower than other insurers in our Best Home Insurance Companies 2022 rating. However, they offer many incentives to their customers. The name your price option allows prospective customers to select the exact price they want to pay to purchase their policy.
The Hanover
Hanover Louisiana homeowners insurance is designed for the protection of your home. There are many endorsements that the company offers, such as water backup and service line protection. You can also get a guaranteed replacement cost policy. You can also access online resources from the company that will help you make informed insurance decisions.
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 is also a well-regarded company that holds a Complaint Index of 0.50, which means that it has half the complaints of similarly-sized insurers. However, you should keep in mind that the rates that USAA charges are higher than most companies in Louisiana. In fact, the average homeowner's policy from USAA costs $1,950 per year or $163 per month, which is $264 higher 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. Due to the high hurricane risk, many home insurance companies have reviewed their ability to offer Louisiana policies. A few companies have closed their doors, while others have stopped writing new business. It has resulted in a smaller number of insurance companies which reduces the coverage homeowners have.
Floods
If you own a house in Louisiana, you should consider purchasing flood insurance to protect your property. 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. Louisiana is known for its severe storms like hurricanes, tornadoes, and tornadoes. Louisiana residents should consider adding additional wind and hail coverage to their home insurance policies. Hail can destroy roofs, siding, gutters, roofs and other structures and can break windows. Wind can even blow away trees, causing debris to float in the air.
Credit score
Your credit score plays a major role in the cost of buying a Louisiana home. 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. When shopping for insurance, you should take into account your credit score and compare quotes from at least three companies.