GITNUX MARKETDATA REPORT 2024
Statistics About The Average Home Insurance Cost In Louisiana
The average annual home insurance cost in Louisiana is around $1,968.
With sources from: kin.com, insurantly.com, homeownersinsurancecover.net, policygenius.com and many more
Sources
In this post, we explore the statistics surrounding home insurance costs in Louisiana. From the state’s ranking as the most expensive for homeowner’s insurance in the United States to specific premium averages in different cities and parishes, these numbers shed light on the financial aspect of protecting homes in the Pelican State.
Statistic 1
"Louisiana has the most expensive homeowner's insurance in the United States."
Statistic 2
"The lowest average rate in Louisiana for homeowners insurance is $1,443 annually."
Statistic 3
"The national average for homeowners insurance cost is $1,211, nearly half the price of the Louisiana average."
Statistic 4
"The most expensive zip code for home insurance in Louisiana is 70117 in New Orleans with an average premium of $4,501."
Statistic 5
"The average rate of home insurance in Baton Rouge, Louisiana, is around $2,881."
Statistic 6
"Lafayette has an average home insurance annual cost of $2,386, which is lower than the state average."
Statistic 7
"For a home value ranging from $200,000 to $299,999, the median home insurance premium per year in Louisiana is $3,138."
Statistic 8
"Lafayette Parish has the lowest homeowners insurance rates in Louisiana, with an average annual price of $1,722"
Statistic 9
"St. Bernard Parish has the highest homeowners insurance rates in Louisiana, costing an average of $3,978 per year."
Statistic 10
"Louisiana Citizens Property Insurance's standard policy costs around $2,527 per year."
Statistic 11
"In Louisiana, homes valued between $300,000 and $399,999 cost on average $3,757 annually to insure."
Statistic 12
"In Metairie, the average home insurance premium is around $4,131 annually."
Statistic 13
"Louisiana residents living in mobile homes pay an average of $1,907 per year for insurance."
Statistic 14
"Fishing or vacation homes in Louisiana have an average coverage cost of $967 annually."
Statistic 15
"Condo owners in Louisiana pay an average of $625 per year for insurance."
Statistic 16
"The average cost of flood insurance in Louisiana is $672 per year, which is complementary to the home insurance."
Statistic 17
"Residents of Monroe, LA pay one of the lowest average premiums at $2,097."
Statistic 18
"In 2017, the average loss per home insurance claim in Louisiana was $11,402."
Interpretation
Louisiana stands out as having the most expensive homeowner's insurance in the United States, with an average annual cost that far exceeds the national average. Disparities in insurance rates are evident across different regions within the state, with premiums ranging from as low as $1,443 in Lafayette to as high as $4,501 in New Orleans. Factors such as home value, location, and property type all influence insurance costs in Louisiana, with notable differences in rates for mobile homes, vacation homes, and condos. Understanding these statistical insights can help Louisiana residents make informed decisions when purchasing homeowners insurance, ensuring they find suitable coverage at a competitive price point.
Jannik Lindner
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