Best Homeowners Insurance In Louisiana For 2024

Our pick for the best homeowners coverage in Louisiana is State Farm. This insurer boasts a “Best” rating of A++ from AM Best for being strong financially.  J.D. Power gives State Farm a high rating of (829/1000) which they base on multiple positive reviews left online by satisfied policyholders. This company also has a lot of neighborhood offices with agents in the state, always a plus.

With State Farm’s standard homeowners insurance, you’ll get the benefit of coverage not currently offered by most other insurers. Reimbursement if you’re a victim of credit or debit card fraud, for example, or if you’re a member of an HOA and have a problem with an ordinance or law coverage to be in compliance with strict codes. Other coverage is available as well. You should note that AM Best gives State Farm insurance the highest possible financial strength rating of A++.

If you have unique insurance needs, you’re able to customize your coverage options with State Farm. Options such as their Better Roof Replacement pays for an upgrade of your roofing materials should you require a new roof after a covered event.

Brand New Belongings is yet another option with State Farm homeowners insurance. If your personal belongings are destroyed or damaged, you’ll receive their replacement cost for the depreciated value. You just buy replacements for whatever was lost, and you’ll be reimbursed the cost less depreciation after sending receipts to State Farm.

Starting the process of purchasing insurance from State Farm is easy as you can take the first steps online. But to purchase a State Farm policy, you will need to meet with one of their local agents. Policyholders are able to access their insurance accounts easily by using the app or website. You’ll find online tools to enroll in paperless billing or file a claim. As an added perk, the State Farm website provides a helpful way for customers to learn about insurance, with an online resource library.

Nationwide is rated A+ (Superior) by AM Best for its strong financial standing and stability. The company rates a bit low in customer satisfaction based on multiple negative reviews left by policyholders online. The company has numerous agents in Louisiana, with many neighborhood offices.

Nationwide’s standard homeowners insurance policy, allows you to enjoy coverage options not commonly offered by other insurers. Reimbursement for credit card fraud, for instance, as well as ordinance or legal coverage if you have to rebuild and must comply with stricter  codes.

Better Roof Replacement is an option that might interest you. It pays for upgrading your  roofing materials if they have to be replaced after a qualified event.

Brand New Belongings is yet another option. It pays the replacement cost for your valuables and personal belongings. You will be reimbursed for the depreciated values in the event that  your items are destroyed or damaged. Then just purchase replacements, and send the receipts to Nationwide, and you’ll be reimbursed for the difference in cost.

Farmers insurance doesn’t just rank highest for the perks it gives customers, but it also earns a high score for customers “Online Experience” due to how thoroughly it explains these discounts and perks to existing customers, along with those who are shopping for home insurance. Here are a few of the home insurance perks offered by Farmers:

• Replacement Cost Guaranteed: Regardless of the cost, Farmers insurance will pay the price in full should you need to rebuild your home
• Deductible Decline: You can earn $50 to cover your homeowners insurance deductible every year that your homeowners policy is in force
• Multi Line Policies: Bundle and save up to 34% if you buy more than one coverage type
• Discount if Claim-Free: If you haven’t filed a claim in 3 years, you can receive a discount on your homeowners policy cost.
• Claim Forgiveness: your premiums won’t be raised because of a claim once you’ve gone claim-free with Farmers for five years.

Farmers insurance company overall has a high 9.3/10 score. This score is a reflection of its low J.D. Power satisfaction ratings from customers for policy holder service.

Allstate offers eleven homeowners insurance discounts. Since the home insurance industry has an average number of policy discounts of seven, this is an attractive statistic. Homeowners insurance analysts, myself included, believe that some of Allstate’s many discounts are unique.

Allstate’s discounts include:

• Claims Free: If you file no claims during the year, you can save five percent when you renew your policy
• Bundle: Bundle your auto and home insurance and save as much as 25%
• Loyalty: When you renew your coverage with Allstate, you get up to a 10% discount
• Deductible Reward: You receive $100 off your deductible at sign-up
• Claims Forgiveness: This provides you with added coverage without an increase in rates after filing a claim
• Protective Device: If you install fire and theft protection, you receive a discount
• Responsible Payment: Good payment history receives a discount
• Automatic Payment: Choose auto-pay and save up to 5% on your premium
• New Home: New constructed homes receive a discount
• New Home Buyer: Recent homebuyers receive a discount
• Early Payment: If you purchase a new policy at least a week before your renewal, you receive a discount of up to ten percent

The insurance industry has an average of 5 optional types of coverage. Allstate tops that with 9 types of optional coverage for home insurance. Along with the more common options such as scheduled personal property and ID theft; Allstate also provides coverage for more personalized options for homeowners with yards and gardens. This helpful option raises the coverage limits incurred if you have to repair or replace lawn and garden things like riding mowers and landscaping.

Chubb has the lowest price homeowners insurance in Louisiana with an average insurance policy price of $1,362 per year. This is $1,170 less than the average premium statewide.

Don’t mistake their lower cost for lower quality coverage, though. This insurer offers the best homeowners insurance rates in the state along with high quality customer service, coverage  of high end homes, and exceptional financial strength. When you insure with Chubb, you’ll receive affordable premiums plus coverage providing extended replacement cost to replace  or repair your property, even if it’s not worth the price you paid for it originally.