It might seem odd to spend so much money for homeowners insurance when nearly half of Louisianans are spending more than 30% of their income on rent and utilities. We must not forget that our most valuable asset is our home. Buying the cheapest homeowners insurance in Louisiana is the best way to ensure that you are financially protected in case something should happen to our home.
The Hanover
Hanover, a large holding company, includes several Property and Casualty and other insurance companies. It is the country's largest insurance company and offers a wide range of insurance products. Customers were dissatisfied with claims and customer service, despite the company's financial ratings. NerdWallet rates homeowners insurance companies on customer satisfaction and consumer complaints. If you have an experience with a particular company, you may want to submit a review to let others know of the problems you had with them.
USAA is second-cheapest
USAA is the best option if you are looking for the lowest homeowners insurance in Louisiana. A USAA policy costs $1,724, which compares to the national average of $1.796. However, USAA premiums are slightly higher than those of competitors State Farm and Allstate. The average cost is $1,000 for a homeowner aged 40 with $300,000 liability coverage.
USAA is an FAIR plan
FAIR Plans is a government program that provides insurance for homes in high risk areas. These areas can be high-crime or prone to natural catastrophes. These areas may have high claims and be in poor condition. FAIR Plans may require that you take extra steps to improve your home. 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 a range of coverage options for homeowners. The insurance policy includes a deductible waiver, multiple insured items, as well as guaranteed replacement cost coverage. It covers multiple types and damages. If you need to make a claim, you can file through the company's website.