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 a large holding company that includes several Property and Casualty insurance companies. It is one of the largest insurance companies in the country, and it offers a range of insurance products. Customers have complained about the quality of customer service and claims, despite its financial strength. NerdWallet ranks homeowners insurance companies based on customer satisfaction and complaints. Review a company if you have negative experiences with them.
USAA is considered the second-cheapest plan
USAA is the right choice if you're searching for the cheapest homeowners policy in Louisiana. The average USAA policy cost is $1724, which is lower than the national average at $1,796. USAA premiums tend to be slightly higher than the Allstate and State Farm policies. 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 are high-crime and susceptible to natural disasters. They could also have high numbers of claims or be in dire need of repairs. FAIR Plans might require you to take additional steps to improve your home. It might be necessary to upgrade your wiring or install an alarm.
The Hanover offers service line coverage, water backup coverage and guaranteed replacement cost coverage
The Hanover provides homeowners with a variety of coverage options. It offers homeowners insurance that includes deductible waivers and multiple insured items. You also have the option to cover multiple types damages. You can also file a claim online if you have to.