In the state of Louisiana, there are several homeowners insurance companies. However, not all of them are created equal. In addition to offering basic coverage, these companies offer a range of options and discounts. Let’s look at some of them. Listed below are some of the top 10 homeowners insurance companies in Louisiana. These companies are highly rated by their customers. Here are a few things to look for in a Louisiana home insurance company.
First and foremost, consider the location of your home. Louisiana is highly susceptible to natural disasters, including hurricanes. In 2004, Hurricane Katrina caused $89 billion in damage, affecting several states. Over the past two hurricane seasons, Louisiana has experienced $20 billion in insured losses. Furthermore, more than 600,000 Louisiana residents have filed claims related to damaged or destroyed property. If you live in a safe and low-risk neighborhood, you’ll enjoy lower rates from your insurance provider.
Allstate: Among the top 10 Louisiana homeowners insurance companies, Allstate has several benefits that are worth mentioning. For example, the company offers optional coverage types, such as electronic data recovery, yard and garden coverage, water backup, and musical instruments coverage. Its premiums are slightly higher than the Louisiana average, but customers can personalize their policies to fit their needs. In addition, Allstate has the Claim Rateguard feature, which protects against the cost of homeowners insurance after a claim.
While home insurance companies may differ in cost and coverage, they have similar rates for the same type of policy. Before making a final decision on which homeowners insurance policy to buy, it’s important to compare quotes. Remember that prices will vary based on your zip code, details of your property, and your credit score. To get the lowest premium, compare quotes from several different providers. You might also want to opt for a policy with an electronic option.
The most important thing to remember while choosing homeowners insurance in Louisiana is the amount of deductible you can afford to pay for damages caused by windstorms. Choosing a low deductible may seem like a good idea, but it will ultimately increase your monthly premiums. Consider a deductible of $2,000 for your Louisiana home. A $2,000 deductible can save you as much as $400 a year! If you live in a coastal community, this is especially important.
Another great option is Geico. This company has been serving homeowners across the country for nearly 150 years. Their financial strength rating is A++, and they offer customizable standard coverage options. They also offer 24/7 customer support and claim service. They also offer a variety of add-ons that can be added to your policy, if needed. However, if you have a lot of possessions, Geico may be your best bet.
Amica is another Louisiana home insurance company to consider. Their policies cover damages from wind, fire, and even loss of use. In addition to this, they also provide liability coverage for detached structures, personal property, and guest medical coverage. Allstate’s homeowners insurance policies come with additional benefits like a multi-policy discount. This can cut your premiums by up to 25%. So, before choosing an insurer, make sure you understand what the coverage is and which company is the best fit for you.
State Farm has the lowest average cost of home insurance in Louisiana. It costs $169 per month to purchase a homeowners policy with this insurance company. This company is also one of the cheapest, but the cost of coverage varies by state. However, these premiums are more expensive than the average national premium. However, you can choose a cheaper policy by researching your options and getting a quote from one of the top 10 homeowners insurance companies in Louisiana.
If you live in Louisiana, you need to make sure that you are covered for storms and hurricanes. The cost of homeowners insurance in Louisiana is on average $2,496 per year. This is higher than the national average, and if you live in an area prone to flooding, you will need extra flood insurance. This coverage will cover you if you live in a high-risk area, but it is necessary to have adequate protection against these storms.
USAA is another good choice for Louisiana homeowners insurance. This company offers many great benefits to military members and their families, and their rates are usually low. Its customer service is outstanding, and it offers discounts for home security devices and ADT security systems. Louisiana Farm Bureau Insurance is a solid company with a rich history in the state. If you have an older home, Louisiana Farm Bureau Insurance is likely to provide coverage for that too.