It is crucial that you select the policy that protects you against the most serious risks when purchasing Louisiana homeowners insurance. This includes damage caused by tornadoes or floods. Also, consider whether your policy covers valuables and collectibles. There are certain exclusions.
Allstate
Allstate is an established insurance company that provides homeowners with a range of options. Its website, as well as digital tools, are simple to navigate and allow homeowners to quickly compare coverage. The company offers homeowners discounts, such as for security systems and centralized fire alarms.
State Farm
State Farm Louisiana offers homeowners insurance. 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. State Farm customers who have an existing policy can file claims online or via their mobile application.
Progressive
Progressive Louisiana homeowners insurance provides a wide range of discounts. 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 offers many incentives for customers, despite the fact that their average savings are lower compared to other insurers in the Best Home Insurance Companies of 2020 rating. 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 policy is intended to protect your home. There are many endorsements offered by the company, including water backup and service coverage. You can also obtain a guaranteed replacement price policy. The company offers online resources to assist home-owners and buyers in making smart decisions about insurance.
USAA
USAA is the most preferred insurance company for military personnel living in Louisiana. It offers many perks such as waiving deductibles on issued gear and personal property coverage in active war zones. It has a Complaint Index (or 0.50) that is half that of similar-sized insurance companies. USAA's rates tend to be higher than those charged by most Louisiana companies. 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-of-business, and some companies have stopped writing business. 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 cover flooding damage and other natural catastrophes that could affect your home. For the structure of your house and up to $100,000 for its contents, coverage can be obtained for as high as $250,000. Additionally, you can buy supplemental policies with private insurers if you own a higher-valued property.
Windstorms
Homeowners insurance in Louisiana has two key components - wind and hail coverage. Both can cause significant damage to homes or vehicles. Louisiana is known for severe storms and hurricanes. Louisiana homeowners might want to add hail and wind coverage on their home insurance policies. Hail can smash windows, damage siding, gutters or roofs, and cause other structural damage. Wind can cause damage to trees and blow debris into space.
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. Consider your credit score before shopping for insurance. Make sure to compare quotes from three or more companies.