Best Homeowners Insurance In Louisiana 2024

We chose State Farm as the top insurer for its wide-reaching agent network in Louisiana, high customer satisfaction levels, and cost-effective premiums. Its high J.D. Power ratings for service are significant, especially with agents, claims adjusters, and offices positioned across Louisiana, particularly after severe storms like tornadoes.

At State Farm, you can select a basic homeowners policy and customize it by adding extra coverage. Options include protection for rebuilding to meet new legal codes, identity theft coverage, and insurance for valuable items such as jewelry and collectibles. State Farm has earned an A++ rating from AM Best, indicating its top financial strength.

You can start the quote process with State Farm online, but buying a policy requires working with a local agent. Policyholders can manage their accounts, file claims, and sign up for paperless billing on the website or mobile app. There’s also a resource library on the site to help you learn about insurance.

Nationwide may have an A+ (Superior) financial strength rating from AM Best, but it struggles with customer satisfaction, according to several negative reviews online. That said, it does have a significant agent presence in Louisiana, with many local offices.

With Nationwide’s standard policy, homeowners receive coverage that’s not frequently found with other insurers, such as protection from credit card fraud and ordinance or law coverage to ensure rebuilding meets code requirements.

You can enhance your policy with features like Better Roof Replacement, which covers the cost of premium roofing materials if your roof has to be replaced after a qualifying incident.

Brand New Belongings ensures your items are covered for replacement cost. You’ll be reimbursed for their depreciated value, and once you’ve purchased replacements, you can send the receipts to Nationwide to recover the difference.

Allstate provides 11 home insurance discounts, which is higher than the industry average of seven. In my analysis, several of these stand out as unique.

Allstate provides the following discounts:

Claims Forgiveness: Extra coverage that stops your rates from rising after submitting a claim.

Claims-Free: If you go claim-free for the year, you’ll earn 5% back at renewal time.

Deductible Reward: Sign up and enjoy a $100 discount on your deductible.

Bundle: You can save up to 25% when you bundle your home and auto insurance.

Automatic Payment: Receive 5% savings by setting up automatic payments.

Loyalty: Receive up to a 10% discount for staying insured with Allstate.

Home Buyer: If you’ve just purchased a home, you can qualify for a discount.

New Home: Newly built homes qualify for a discount on insurance.

Responsible Payment: A good payment history qualifies you for additional savings.

Early Payment: Purchase your new policy at least a week early and receive up to 10% off.

Protective Device: Install fire alarms or security systems and qualify for a discount.

Offering nine optional coverage types for homeowners insurance, Allstate nearly doubles the five typically found in the industry. Besides common features like ID theft protection and scheduled personal property, they include a unique yard and garden coverage that raises limits on replacing landscaping and lawn equipment, including riding mowers.

Farmers earns high marks not only for its perks but also for its superior “online experience,” where it clearly presents these perks and discounts to both existing and future customers. The perks include:

• Guaranteed Replacement Cost: Farmers ensures they’ll pay the full price to rebuild your home, regardless of the cost.
• Claim Forgiveness: Once you’ve been claim-free for five years with Farmers, filing a claim won’t lead to a premium increase.
• Multi-Policy Savings: Save as much as 34% on your home insurance by bundling multiple policies with Farmers.
• Declining Deductible: Stay insured with Farmers, and you’ll receive $50 each year toward lowering your deductible.
• Claim-Free Discount: You’ll earn a discount on your home insurance if you go three years without filing a claim.

Farmers’ 9.3/10 score factors in its lower J.D. Power ratings for customer satisfaction in serving policyholders.

In Louisiana, Chubb presents some of the most affordable home insurance options for high-value properties. Their competitive rates come with extended replacement cost coverage, which ensures that your belongings can be repaired or replaced even after depreciation. Chubb is known for its strong financial health and outstanding customer service.