It might seem odd to spend so much money for homeowners insurance when nearly half of Louisianans are spending more than 30% of their income on rent and utilities. Yet, we must remember that a policy protects our most valuable asset - our homes! Louisiana homeowners insurance at the lowest price is the best way for you to be financially protected in the unlikely event that something happens to your house.
The Hanover
The Hanover is an important holding company that owns several Property and Casualty Insurance companies. It is the country's largest insurance company and offers a wide range of insurance products. Customers are dissatisfied with the service and claims they receive despite their high financial rating. NerdWallet ranks homeowners insurance companies based on customer satisfaction and complaints. Review a company if you have negative experiences with them.
USAA is second-cheapest
USAA is the right choice if you're searching for the cheapest homeowners policy in Louisiana. The average cost of a USAA policy is $1,724, which is cheaper than the national average of $1,796. USAA premiums can be slightly more costly than Allstate and State Farm. The costs are based on an average 40-year-old homeowner with a $1,000 deductible and $300,000 of liability coverage.
USAA is a FAIR Plan
FAIR Plans is a government program that provides insurance for homes in high risk areas. These areas can be prone for natural disasters and high crime. These areas might also be prone to high levels of crime and disrepair. FAIR Plans may also require you to take extra steps to make your home more appealing. One example is that you may need to install an alarm or replace your home's wiring.
Hanover provides service line coverage, water back coverage and guaranteed replacement cost coverage
The Hanover offers a range of coverage options for homeowners. The policy offers homeowners a variety of coverage options, including deductible waivers, guaranteed replacement cost coverage, and multiple insured objects. You can also get coverage for multiple types of damage. You can file a claim through the company's website.