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Best homeowners insurance in Louisiana for 2022

Cate Deventer is a writer, editor and insurance professional with over a decade of experience in the insurance industry as a licensed insurance agent. Mariah Posey is an auto and homeowners insurance writer and editor for Bankrate.com. She aims to make the insurance journey as convenient as possible by keeping the reader at the forefront of her mind in her work. Mark Friedlander is director of corporate communications at III, a nonprofit organization focused on providing consumers with a better understanding of insurance. Updated Nov 07, 2022

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What To Know First

Collapse Caret Up With so many insurance companies available, it can be hard to find the best one to cover your home. Bankrate has done the work to help homeowners find the best Louisiana homeowners insurance companies with coverage that fits their needs. According to the data collected and compared by our team, USAA, State Farm, Allstate, ASI Progressive and The Hanover offer some of the best homeowners insurance in Louisiana. Collapse

On This Page

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The Bankrate promise

Founded in 1976, Bankrate has a long track record of helping people make smart financial choices. We've maintained this reputation for over four decades by demystifying the financial decision-making process and giving people confidence in which actions to take next. Bankrate follows a strict , so you can trust that we're putting your interests first. All of our content is authored by and edited by , who ensure everything we publish is objective, accurate and trustworthy. Our insurance team is composed of agents, data analysts, and customers like you. They focus on the points consumers care about most - price, customer service, policy features and savings opportunities - so you can feel confident about which provider is right for you. We guide you throughout your search and help you understand your coverage options. We provide up-to-date, reliable market information to help you make confident decisions. We reduce industry jargon so you get the clearest form of information possible. All providers discussed on our site are vetted based on the value they provide. And we constantly review our criteria to ensure we're putting accuracy first.

On This Page

With so many insurance companies available, it can be hard to find the best one to cover your home. Bankrate has done the work to help homeowners find the best Louisiana homeowners insurance companies with coverage that fits their needs. According to the data collected and compared by our team, USAA, State Farm, Allstate, ASI Progressive and The Hanover offer some of the best homeowners insurance in Louisiana. This advertisement is powered by Coverage.com, LLC, a licensed insurance producer (NPN: 19966249) and a corporate affiliate of Bankrate. The offers and links that appear on this advertisement are from companies that compensate Coverage.com in different ways. The compensation received and other factors, such as your location, may impact what offers and links appear, and how, where and in what order they appear. While we seek to provide a wide range of offers, we do not include every product or service that may be available. Our goal is to keep information accurate and timely, but some information may not be current. Your actual offer from an advertiser may be different from the offer on this advertisement. All offers are subject to additional terms and conditions.

Compare home insurance rates

Answer a few questions to see personalized rates from top carriers. Continue Powered by Coverage.com (NPN: 19966249) Coverage.com, LLC is a licensed insurance producer (NPN: 19966249). Coverage.com services are only available in . Coverage.com may not offer insurance coverage in all states or scenarios. All insurance products are governed by the terms in the applicable insurance policy, and all related decisions (such as approval for coverage, premiums, commissions and fees) and policy obligations are the sole responsibility of the underwriting insurer. The information on this site does not modify any insurance policy terms in any way. Quick Facts $382/year average savings through Bankrate 2 out of 3 homes are underinsured 1 out of every 20 insured homes makes a claim each year 100% of homes need insurance before getting a mortgage Bankrate See more providers in Choose from insurers in Show More Mortgage

Leaving so soon Your custom quotes are just minutes away

Return to form Key Takeaways Louisiana homeowners pay an average of $2,009 per year for homeowners insurance, which is 45 percent more than the national average. The high cost of home coverage in Louisiana is likely due to the increased risk of widespread storm damage. Progressive sells cheap home insurance in Louisiana, with an average premium almost 50 percent lower than the state average. With so many insurance companies available, it can be hard to find the best one to cover your home. Bankrate has done the work to help homeowners find the best Louisiana homeowners insurance companies with coverage that fits their needs. According to the data collected and compared by our team, USAA, State Farm, Allstate, ASI Progressive and The Hanover offer some of the best homeowners insurance in Louisiana. This advertisement is powered by Coverage.com, LLC, a licensed insurance producer (NPN: 19966249) and a corporate affiliate of Bankrate. The offers and links that appear on this advertisement are from companies that compensate Coverage.com in different ways. The compensation received and other factors, such as your location, may impact what offers and links appear, and how, where and in what order they appear. While we seek to provide a wide range of offers, we do not include every product or service that may be available. Our goal is to keep information accurate and timely, but some information may not be current. Your actual offer from an advertiser may be different from the offer on this advertisement. All offers are subject to additional terms and conditions.

Compare home insurance rates

Answer a few questions to see personalized rates from top carriers. Continue Powered by Coverage.com (NPN: 19966249) Coverage.com, LLC is a licensed insurance producer (NPN: 19966249). Coverage.com services are only available in . Coverage.com may not offer insurance coverage in all states or scenarios. All insurance products are governed by the terms in the applicable insurance policy, and all related decisions (such as approval for coverage, premiums, commissions and fees) and policy obligations are the sole responsibility of the underwriting insurer. The information on this site does not modify any insurance policy terms in any way. Quick Facts $382/year average savings through Bankrate 2 out of 3 homes are underinsured 1 out of every 20 insured homes makes a claim each year 100% of homes need insurance before getting a mortgage Bankrate See more providers in Choose from insurers in Show More Mortgage

Leaving so soon Your custom quotes are just minutes away

Return to form Key Takeaways Louisiana homeowners pay an average of $2,009 per year for homeowners insurance, which is 45 percent more than the national average. The high cost of home coverage in Louisiana is likely due to the increased risk of widespread storm damage. Progressive sells cheap home insurance in Louisiana, with an average premium almost 50 percent lower than the state average. With so many insurance companies available, it can be hard to find the best one to cover your home. Bankrate has done the work to help homeowners find the best Louisiana homeowners insurance companies with coverage that fits their needs. According to the data collected and compared by our team, USAA, State Farm, Allstate, ASI Progressive and The Hanover offer some of the best homeowners insurance in Louisiana. This advertisement is powered by Coverage.com, LLC, a licensed insurance producer (NPN: 19966249) and a corporate affiliate of Bankrate. The offers and links that appear on this advertisement are from companies that compensate Coverage.com in different ways. The compensation received and other factors, such as your location, may impact what offers and links appear, and how, where and in what order they appear. While we seek to provide a wide range of offers, we do not include every product or service that may be available. Our goal is to keep information accurate and timely, but some information may not be current. Your actual offer from an advertiser may be different from the offer on this advertisement. All offers are subject to additional terms and conditions.

Compare home insurance rates

Answer a few questions to see personalized rates from top carriers. Continue Powered by Coverage.com (NPN: 19966249) Coverage.com, LLC is a licensed insurance producer (NPN: 19966249). Coverage.com services are only available in . Coverage.com may not offer insurance coverage in all states or scenarios. All insurance products are governed by the terms in the applicable insurance policy, and all related decisions (such as approval for coverage, premiums, commissions and fees) and policy obligations are the sole responsibility of the underwriting insurer. The information on this site does not modify any insurance policy terms in any way. Quick Facts $382/year average savings through Bankrate 2 out of 3 homes are underinsured 1 out of every 20 insured homes makes a claim each year 100% of homes need insurance before getting a mortgage Bankrate See more providers in Choose from insurers in Show More Mortgage

Leaving so soon Your custom quotes are just minutes away

Return to form Key Takeaways Louisiana homeowners pay an average of $2,009 per year for homeowners insurance, which is 45 percent more than the national average. The high cost of home coverage in Louisiana is likely due to the increased risk of widespread storm damage. Progressive sells cheap home insurance in Louisiana, with an average premium almost 50 percent lower than the state average. Compare rates and save on home insurance today! Get quotes Close X

How Bankrate chose the best home insurance companies in Louisiana

To find the in Louisiana, we first obtained current premium information from Quadrant Information Services. After analyzing the data, we also took each company's coverage offerings, discounts and average cost into consideration, as well as how companies were ranked by third-party agencies like J.D. Power and AM Best. A company's performance in each of these categories determined its Bankrate Score. The better it scored in each category, the higher its overall Bankrate Score, for a maximum score of 5.0 out of 5.0.

Bankrate utilizes Quadrant Information Services to analyze 2022 rates for all ZIP codes and carriers in all 50 states and Washington, D.C. Rates are weighted based on the population density in each geographic region. Quoted rates are based on 40-year-old male and female homeowners with a clean claim history, good credit and the following coverage limits: Coverage A, Dwelling: $250,000 Coverage B, Other Structures: $25,000 Coverage C, Personal Property: $125,000 Coverage D, Loss of Use: $50,000 Coverage E, Liability: $300,000 Coverage F, Medical Payments: $1,000 The homeowners also have a $1,000 deductible and a separate wind and hail deductible (if required).

These are sample rates and should be used for comparative purposes only. Your quotes will differ.

Bankrate Scores primarily reflect a weighted rank of industry-standard ratings for financial strength and customer experience in addition to analysis of quoted annual premiums from Quadrant Information Services, spanning all 50 states and Washington, D.C. We know it is important for homeowners to be confident their financial protection covers the likeliest risks, is priced competitively and is provided by a financially-sound company with a history of positive customer support.

To determine how well the best home insurance companies satisfy these priorities, third-party agency ratings from , , , , and Moody's had the most impact on the companies' Bankrate Scores. As price is a common consideration for homeowners, we analyzed quoted premiums based on 40-year-old male and female homeowners with a home policy with $250,000 in dwelling coverage. This profile, assessed across more than 35,000 ZIP codes in the U.S., provided a basis on which homeowners may compare each provider.

While coverage options, insurer availability, affordability and customer experience are often the top priorities, Bankrate also analyzed each insurer's online and mobile resources for policy management and claims handling. Insurance is rapidly evolving to keep pace with our digital world, so these aspects also carried weight in determining Bankrate Scores.

Best home insurance companies in Louisiana

Based on our analysis, USAA, State Farm and Allstate are the top Louisiana homeowners insurance companies, followed by Progressive and The Hanover. These carriers offer a mix of competitive rates, robust coverage, unique discounts, high financial strength ratings and good customer satisfaction scores from the . If you are in the market for the best Louisiana homeowners insurance, these companies might be a good place to start gathering quotes. Insurance company J.D. Power AM Best Average monthly premium Average annual premium Bankrate Scores primarily reflect a weighted rank of industry-standard ratings for financial strength and customer experience in addition to analysis of quoted annual premiums from Quadrant Information Services, spanning all 50 states and Washington, D.C. Bankrate Scores primarily reflect a weighted rank of industry-standard ratings for financial strength and customer experience in addition to analysis of quoted annual premiums from Quadrant Information Services, spanning all 50 states and Washington, D.C. J.D. Power 884 /1,000 AM Best A++ (Superior) Average monthly premium $166 Average annual premium $1,987 Bankrate Scores primarily reflect a weighted rank of industry-standard ratings for financial strength and customer experience in addition to analysis of quoted annual premiums from Quadrant Information Services, spanning all 50 states and Washington, D.C. Bankrate Scores primarily reflect a weighted rank of industry-standard ratings for financial strength and customer experience in addition to analysis of quoted annual premiums from Quadrant Information Services, spanning all 50 states and Washington, D.C. J.D. Power 829 /1,000 AM Best A++ (Superior) Average monthly premium $124 Average annual premium $1,492 Bankrate Scores primarily reflect a weighted rank of industry-standard ratings for financial strength and customer experience in addition to analysis of quoted annual premiums from Quadrant Information Services, spanning all 50 states and Washington, D.C. Bankrate Scores primarily reflect a weighted rank of industry-standard ratings for financial strength and customer experience in addition to analysis of quoted annual premiums from Quadrant Information Services, spanning all 50 states and Washington, D.C. J.D. Power 815 /1,000 AM Best A+ (Superior) Average monthly premium $222 Average annual premium $2,668 Bankrate Scores primarily reflect a weighted rank of industry-standard ratings for financial strength and customer experience in addition to analysis of quoted annual premiums from Quadrant Information Services, spanning all 50 states and Washington, D.C. Bankrate Scores primarily reflect a weighted rank of industry-standard ratings for financial strength and customer experience in addition to analysis of quoted annual premiums from Quadrant Information Services, spanning all 50 states and Washington, D.C. J.D. Power 801 /1,000 AM Best A+ (Superior) Average monthly premium $84 Average annual premium $1,006 Bankrate Scores primarily reflect a weighted rank of industry-standard ratings for financial strength and customer experience in addition to analysis of quoted annual premiums from Quadrant Information Services, spanning all 50 states and Washington, D.C. Bankrate Scores primarily reflect a weighted rank of industry-standard ratings for financial strength and customer experience in addition to analysis of quoted annual premiums from Quadrant Information Services, spanning all 50 states and Washington, D.C. J.D. Power Not rated AM Best A (Excellent) Average monthly premium $151 Average annual premium $1,806 Powered by Coverage.com (NPN: 19966249) This advertisement is powered by Coverage.com, LLC, a licensed insurance producer (NPN: 19966249) and a corporate affiliate of Bankrate. The offers and links that appear on this advertisement are from companies that compensate Coverage.com in different ways. The compensation received and other factors, such as your location, may impact what offers and links appear, and how, where and in what order they appear. While we seek to provide a wide range of offers, we do not include every product or service that may be available. Our goal is to keep information accurate and timely, but some information may not be current. Your actual offer from an advertiser may be different from the offer on this advertisement. All offers are subject to additional terms and conditions. Coverage.com, LLC is a licensed insurance producer (NPN: 19966249). Coverage.com services are only available in . Coverage.com may not offer insurance coverage in all states or scenarios. All insurance products are governed by the terms in the applicable insurance policy, and all related decisions (such as approval for coverage, premiums, commissions and fees) and policy obligations are the sole responsibility of the underwriting insurer. The information on this site does not modify any insurance policy terms in any way. *Premiums are for $250K in dwelling coverage **Not officially ranked by J.D. Power due to eligibility restrictions This advertisement is powered by Coverage.com, LLC, a licensed insurance producer (NPN: 19966249) and a corporate affiliate of Bankrate. The offers and links that appear on this advertisement are from companies that compensate Coverage.com in different ways. The compensation received and other factors, such as your location, may impact what offers and links appear, and how, where and in what order they appear. While we seek to provide a wide range of offers, we do not include every product or service that may be available. Our goal is to keep information accurate and timely, but some information may not be current. Your actual offer from an advertiser may be different from the offer on this advertisement. All offers are subject to additional terms and conditions.

Compare home insurance rates

Answer a few questions to see personalized rates from top carriers. Continue Powered by Coverage.com (NPN: 19966249) Coverage.com, LLC is a licensed insurance producer (NPN: 19966249). Coverage.com services are only available in . Coverage.com may not offer insurance coverage in all states or scenarios. All insurance products are governed by the terms in the applicable insurance policy, and all related decisions (such as approval for coverage, premiums, commissions and fees) and policy obligations are the sole responsibility of the underwriting insurer. The information on this site does not modify any insurance policy terms in any way. Quick Facts $382/year average savings through Bankrate 2 out of 3 homes are underinsured 1 out of every 20 insured homes makes a claim each year 100% of homes need insurance before getting a mortgage Bankrate See more providers in Choose from insurers in Show More Mortgage

Leaving so soon Your custom quotes are just minutes away

Return to form Explore Bankrate's review J.D. Power: AM Best: ++ Avg. annual premium for 250k dwelling $ Company overview USAA does not qualify for an official J.D. Power ranking because it sells its insurance exclusively to active-duty military members, veterans and their qualified immediate family members. However, USAA consistently receives high customer satisfaction scores. If you qualify for coverage, the company's home insurance features military-focused coverage, like uniform coverage, plus discounts for bundling and having a monitored alarm system. USAA is rated A++ (Superior) by AM Best, the highest financial strength rating possible. Pros and cons CheckmarkPros Lower-than-average premium Superior AM Best financial strength rating High J.D. Power customer satisfaction score Close XCons Strict eligibility requirements Few local agencies Average annual premium by city Louisiana city USAA avg. annual premium for $250K dwelling Baton Rouge $1,460 Lafayette $1,638 Metairie $3,225 New Orleans $2,913 Shreveport $1,182 Explore Bankrate's review Explore Bankrate's review J.D. Power: AM Best: ++ Avg. annual premium for 250k dwelling $ Company overview State Farm may be appealing if you like handling your needs in person through its statewide network of exclusive local agents. The company's average annual premium is below Louisiana's overall average, although a few discounts may help lower your premium, like roofing discounts and multi-policy discounts. However, State Farm does have a from the National Association of Insurance Commissioners (NAIC), which indicates more complaints than average. Pros and cons CheckmarkPros Lower-than-average premium Local agencies available Superior AM Best financial strength rating Close XCons Fewer discounts than many competitor Higher-than-average overall NAIC complaint index Average annual premium by city Louisiana city State Farm avg. annual premium for $250K dwelling Baton Rouge $1,318 Lafayette $1,130 Metairie $1,316 New Orleans $1,252 Shreveport $1,944 Explore Bankrate's review Explore Bankrate's review J.D. Power: AM Best: + Avg. annual premium for 250k dwelling $ Company overview Although Allstate's premium is higher than Louisiana's average, it may be appealing based on the optional coverage types offered. You could personalize your policy by adding electronic data recovery, yard and garden coverage, water backup or musical instrument coverage. Allstate also offers a feature, which may prevent your cost of homeowners insurance from increasing after a claim. The company is rated A+ (Superior) by AM Best for its financial strength. Pros and cons CheckmarkPros Numerous optional coverage types Several discounts Unique Claim Rateguard feature Close XCons Higher-than-average premium Lower-than-average J.D. Power customer satisfaction score Average annual premium by city Louisiana city Allstate avg. annual premium for $250K dwelling Baton Rouge $2,175 Lafayette $2,125 Metairie $4,117 New Orleans $3,691 Shreveport $1,550 Explore Bankrate's review Explore Bankrate's review J.D. Power: AM Best: + Avg. annual premium for 250k dwelling $ Company overview Progressive stands out for its wide array of home insurance discounts, including new home construction, advance quote and paperless. Homeowners who already have a car insurance policy with Progressive may consider bundling their homeowners policy for a multiple policy discount for even more convenience. Progressive doesn't offer as many add-on options as some competitors, though, making it a bit more difficult to personalize your policy. Pros and cons CheckmarkPros Long list of discounts Lower-than-average premium Robust digital tools Close XCons Lower-than-average J.D. Power customer satisfaction score Fewer endorsements than many competitors Rates may vary between agency and online quotes Average annual premium by city Louisiana city Progressive avg. annual premium for $250K dwelling Baton Rouge $1,019 Lafayette $920 Metairie $1,140 New Orleans $1,082 Shreveport $895 Explore Bankrate's review Explore Bankrate's review J.D. Power: AM Best: Avg. annual premium for 250k dwelling $ Company overview The Hanover has online resources to help you with the process of being a homeowner, like buying, renovating and selling your home. In addition to an average premium that is lower than the state average, The Hanover also offers to help you personalize your policy, including service line coverage, water backup coverage and guaranteed replacement cost coverage. The Hanover may not have as many local agencies in Louisiana as some companies though, so it may not be best if you like an in-person experience. Pros and cons CheckmarkPros Helpful online educational resources Lower-than-average premium Numerous endorsements Close XCons Fewer online agencies compared to some competitors No online quotes Average annual premium by city Louisiana city The Hanover avg. annual premium for $250K dwelling Baton Rouge $1,576 Lafayette $1,571 Metairie $2,325 New Orleans $2,573 Shreveport $1,236 Explore Bankrate's review

How much is homeowners insurance in Louisiana

The in Louisiana is $2,009 per year for $250,000 in dwelling coverage, which is 45 percent higher than the national average of $1,383 per year. The higher cost is due to the likelihood of home damage occurring in Louisiana and a record-level of hurricane activity impacting the Pelican State over the past two seasons. The state's coastal positioning leaves it vulnerable to widespread damage caused by hurricanes and tropical storms, and its lower elevation makes most of the state prone to severe flooding. Louisiana home insurance premiums are in line with the surrounding states. Texans pay an average of $1,860 per year for the same coverage amounts, and homeowners in Mississippi pay $1,840 per year on average. However, Louisiana homeowners pay slightly less for home insurance than they would in Arkansas, where the average cost for a policy is $2,104 per year.

LOUISIANA CITY AVERAGE ANNUAL PREMIUM FOR $250K DWELLING COVERAGE $1,627 Lafayette $1,799 Metairie $2,784 New Orleans $2,685 Shreveport $1,488

Home insurance in Louisiana

Homeowners in Louisiana have special considerations when it comes to covering their homes. Understanding the common causes of property damage and natural disasters in the state and what coverage you may need to add to get adequate protection can be helpful when choosing a policy or provider.

Common causes of loss in Louisiana

If you are unsure what is right for you and your home, consider some of the most common causes of home insurance loss in Louisiana. Windstorms: Louisiana's position on the Gulf Coast leaves it especially vulnerable to wind damage caused by . Hurricane Katrina was the costliest natural disaster in U.S. history, causing over (in 2021 dollars) across multiple states. Over the last two hurricane seasons, Louisiana has incurred more than $20 billion in insured losses, with more than 600,000 property claims filed by residents, according to the Insurance Information Institute (Triple-I). Flooding: is a big concern for Louisiana homeowners, especially those who reside closer to the Gulf and along the Mississippi River. Portions of Louisiana are actually , severely increasing the risk of a devastating flood. Keep in mind that flooding is not covered on a standard home insurance policy. Water damage: is a common cause of insurance loss in many states. Water can damage your home in numerous ways, including burst pipes, leaking roofs or backed-up basements. It can also cause extensive mold damage, which may or may not be covered by your standard home policy. Once you understand what kinds of property damage are common in your area, you may feel better equipped to purchase the right coverage for your needs.

Home insurance coverage options in Louisiana

In addition to the standard home insurance coverage types, like dwelling, liability and contents, you may want to purchase optional coverage to increase your financial protection. Some coverage types that Louisiana homeowners might want to consider include: : Damage caused by flooding is not typically covered by standard homeowners insurance and requires a separate flood insurance policy. These can be purchased from the federally backed National Flood Insurance Program (NFIP) or numerous private flood insurers. Some property insurers may offer a flood insurance endorsement that can be added to your standard homeowners insurance policy to provide dwelling coverage and personal property coverage. In many coastal areas, flood insurance is required if you have a mortgage on your home. It is important to confirm if you are in a FEMA-designated that requires insurance. : If water damages your home after backing up in a sewer or drain line, you will need this endorsement to have insurance coverage. This type of damage is common in basements or crawl spaces, but can happen from any sewer or drain line and can also be caused by a sump pump failure or power outage. : This optional coverage may not be available from every company, but provides coverage for damage to (or the breakdown of) your home's mechanical systems, like your air conditioner and water heater. : While coverage for hurricanes and windstorms are included in most standard homeowners policies, there may be some caveats. Depending on the severity of a tropical system and whether it becomes a "named storm," some companies may have a percentage deductible rather than the traditional dollar deductible. This means that your deductible would be a percentage of your dwelling limit, typically ranging from 2–10 percent. There is also just one windstorm deductible assessed per hurricane season, even if you sustain losses from multiple named storms. Additionally, if your home is in a particularly high-risk area and you are having a difficult time finding insurance, you may be able to opt for the Louisiana Citizens Property Insurance Corporation, which is a FAIR plan intended for temporary coverage while you look for a permanent solution. Because hurricanes are one of the biggest weather concerns in Louisiana, reviewing your hurricane coverage with your agent and being familiar with your homeowners declarations may be a good idea. With home replacement costs increasing this year due to rising costs of construction materials and labor, make sure that your policy's dwelling coverage is adequate to rebuild your home in the event of a catastrophic loss. It can also be helpful to know what will happen to your homeowners insurance once a storm reaches "named storm" status or meets other thresholds, like a specific wind speed, so that you can be prepared in the event you need to file a claim.

Frequently asked questions

The will vary based on your individual rating factors, including your age, marital status, claims history, credit-based insurance score, home's age and the specific features of your home, and proximity to a local fire station. Getting quotes from several companies may help you find coverage that fits your needs and budget. However, remember that price may not always be the only factor worth considering when researching Louisiana homeowners insurance companies. You may also want to review coverage options, discounts and customer satisfaction scores.

Multiple top home insurance companies are scored and ranked by J.D. Power for customer satisfaction. Of the carriers included on our list, State Farm and ASI Progressive receive the highest above-average scores in the , which measures the claims satisfaction of policyholders who have filed a claim with a company in the past five years, assessed across several factors. For the , which surveys customer experience for requesting an online quote from one of the companies included within the previous nine months, State Farm has the highest customer satisfaction score for large insurers.

Home insurance policies typically include , also called loss of use coverage, which is designed to pay for temporary housing after a covered loss or when the area you live in is under a mandatory evacuation order. Standard policies include this coverage, and coverage limits are based on a percentage of the total dwelling coverage. Loss of use coverage pays for other qualifying expenses as well, such as laundry services, restaurant bills and pet boarding.

The Gulf Coast of Louisiana is a particularly high-risk area for insurance companies due to the likelihood of widespread and damaging storms. If you live in this area, finding home insurance coverage might be more difficult than it would be in lower-risk areas. If you have no other options, you may need to seek coverage through the . This is last-resort coverage for homeowners who can't obtain coverage through the private market. Its policies are mandated by law to be more expensive than private insurers, but it could provide coverage if you have no alternatives.

Since Hurricane Laura struck Louisiana August 2020, six home insurers have been placed in receivership and are being liquidated by the Louisiana Department of Insurance (LDI) due to their high volume of storm losses. The LDI has placed impacted policyholders of insolvent companies with other carriers and outstanding claims are being paid by the Louisiana Insurance Guaranty Association.

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Written by Cate Deventer Insurance Writer & Editor Cate Deventer is a writer, editor and insurance professional with over a decade of experience in the insurance industry as a licensed insurance agent. Mariah Posey is an auto and homeowners insurance writer and editor for Bankrate.com. She aims to make the insurance journey as convenient as possible by keeping the reader at the forefront of her mind in her work. Mark Friedlander is director of corporate communications at III, a nonprofit organization focused on providing consumers with a better understanding of insurance.