Louisiana Homeowners Insurance

Louisiana homeowners pay $1,987 a year for homeowners insurance on average. That's 70% above the roughly $1,172 national average. That makes Louisiana the 2nd-most-expensive state for homeowners insurance in the country. Second highest premiums nationally; repeated hurricane landfalls have caused many private insurers to exit the market. The main factors driving that number are Hurricanes, Flooding, Storm surge and Tornadoes. Flood risk is high here, and flood damage is excluded from every standard HO-3 policy — a separate NFIP or private flood policy is worth pricing before you skip it. Homeowners insurance isn't legally mandated in Louisiana, but any mortgage lender will require it as a condition of the loan. Louisiana also runs Louisiana Citizens Property Insurance, a state-backed option for homeowners who can't find coverage in the standard private market.