Who Has the Cheapest Renters Insurance in Louisiana?

When shopping for renters insurance, you should look for a company that offers affordable rates, practical coverage and reliable customer service. To help you find the best renters insurance in Louisiana, we compared quotes from five top companies across the largest cities in the state.

Find cheap renters insurance in Louisiana

The cheapest renters insurance in Louisiana comes from State Farm. Coverage from State Farm costs $288 per year — $145 per year cheaper than the statewide average.

Louisiana has the most expensive renters insurance quotes in the country. A typical policy costs $194 per year more than the national average.

Cheapest renters insurance companies in Louisiana

Best renters insurance for most people: State Farm

State Farm offers the best renters insurance in Louisiana for most people. A standard renters insurance policy from State Farm costs $24 per month, which is 33% cheaper than the state average.

Louisiana renters can count on State Farm's customer service to make the claims process quick and easy. The company receives fewer complaints than competitors of a similar size, according to the National Association of Insurance Commissioners (NAIC). It was also awarded an above-average score on J.D. Power's annual customer satisfaction survey.

The coverage offered by State Farm is basic. Renters can raise their coverage limits or add identity theft protection. However, the company doesn't offer popular options like replacement cost coverage or water backup coverage.

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Best insurance for Louisiana renters living on the coast: Liberty Mutual

Louisiana renters living near the coast should consider purchasing a policy from Liberty Mutual. At $28 per month, coverage from Liberty Mutual costs $8 less per month than the state average.

Liberty Mutual also offers a number of ways for renters to customize their policy, like water backup coverage, identity theft protection and replacement cost coverage. However, renters can only purchase a maximum of $25,000 of personal property coverage from Liberty Mutual. That may not be enough coverage for people who rent a larger home or have expensive belongings.

In addition, renters living on the coast can purchase a separate flood insurance policy from Liberty Mutual. Flood insurance can protect your belongings from rising waters due to hurricanes and heavy rainfall. Having both policies with one company will make your life easier if you have to make a claim.

The company also has lots of discounts to help renters pay less for insurance, including discounts for:

Unfortunately, renters may find Liberty Mutual's customer service to be frustrating. It receives five times as many complaints as similar-sized competitors, according to the NAIC. Most complaints involve a long claims process and low payouts. That means Liberty Mutual may take longer to replace your belongings in an emergency.

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Best renters insurance for military families: USAA

USAA is an excellent option for members of the military, veterans and their families who are renting a home in Louisiana. Unfortunately, the company only offers insurance to those groups, so many people aren't able to buy a policy.

A major benefit of purchasing a policy from USAA is that its standard renters insurance includes flood coverage. That means you don't have to pay extra to protect your belongings against flooding from hurricanes, storms and rising waters. Other coverage perks include free replacement cost coverage and protection for your military uniforms and gear while you're on duty.

USAA has an excellent customer service reputation, so policyholders can feel confident that they'll be taken care of in an emergency. The company earned the highest score on J.D. Power's customer satisfaction survey. Additionally, it only receives half as many complaints as other insurers based on its size, according to the NAIC.

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Cost of renters insurance by city in Louisiana

Louisiana renters living in coastal cities can expect to pay much more for insurance than those living further inland. People living in Harvey, Marrero and Metairie pay an average of $44 per month for renters insurance. Renters in Louisiana's largest city, New Orleans, also pay a lot for coverage — rates are 15% higher than the state average. In comparison, the average rate in Shreveport is just $29 per month.

Shreveport is the cheapest major city in Louisiana for renters insurance. However, the cost of coverage is still $11 per month more expensive than the national average.

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Best renters insurance in Louisiana

Both companies receive fewer complaints than other insurers of a similar size, according to the NAIC. USAA and State Farm also earned high scores on J.D. Power's annual customer satisfaction survey.

It's important to consider a company's customer service reviews before buying a policy. Great service makes a big difference if you ever have to make a claim. A company with excellent customer service can help ease your stress during an emergency and get your life back on track quickly.

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Frequently asked questions

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Methodology

To compare renters insurance quotes in Louisiana, we gathered rates from addresses across 19 of the most populous cities in the state. Quotes are based on a 25-year-old single man with no history of claims.

Rates are based on the following coverage limits:

To find the best renters insurance companies in Louisiana, we evaluated three key measurements of customer service: