Who Has the Cheapest Renters Insurance in Louisiana? (2025)
State Farm has Louisiana's cheapest renters insurance, at $24 per month.
Compare Renters Insurance Quotes in Louisiana
Best Cheap Renters Insurance in Louisiana
ValuePenguin's editors use price, coverage availability and customer service to rate companies and find the best renters insurance in Louisiana. To calculate the lowest rates in LA, our team collected rates from four of the largest companies offering quotes in Louisiana.
Cheapest renters insurance in Louisiana
State Farm has the cheapest renters insurance in Louisiana.
A State Farm policy costs an average of $24 per month. That's $12 per month less than the state average.
Compare cheap renters insurance options in Louisiana
On average, renters insurance in Louisiana costs $36 per month, or $428 per year.
Louisiana renters pay the highest rates in the country, $13 more per month than national average of $23 per month. That's likely because the state often gets hurricanes and flooding. Nearby states like Arkansas, Mississippi and Alabama are also among the most expensive for renters coverage.
Cheap renters insurance quotes in Louisiana
Company | Monthly cost | ||
|---|---|---|---|
| State Farm | $24 | |
| Allstate | $36 | |
| Progressive | $37 | |
| Assurant | $45 | |
Best LA renters insurance for most people: State Farm
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Cost$24/moThis analysis used renters insurance quotes for 20 of the largest cities in Louisiana. Full methodology.
Best renters insurance in Louisiana for extra coverage: Progressive
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Cost$37/moThis analysis used renters insurance quotes for 20 of the largest cities in Louisiana. Full methodology.
Best for military families in Louisiana: USAA
Louisiana renters insurance rates by city
Renters living in Alexandria pay the cheapest insurance rates among the largest cities in Louisiana.
Residents of the city, which lies right in the middle of the state along the Red River, will pay an average of $20 per month for renters coverage. Harvey, a suburb across the Mississippi River from New Orleans, has the highest rates at $48 per month.
Louisiana renters living in coastal cities can expect to pay much more for insurance than those living further inland. People living in Harvey, Marrero, Kenner 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 16% higher than the state average. In comparison, the average rate in Shreveport, which is in the northwestern corner of the state, is just $30 per month.
Average cost of Louisiana renters insurance by city
City | Monthly rate | % from average |
|---|---|---|
| Alexandria | $20 | -43% |
| Baton Rouge | $33 | -7% |
| Bossier City | $30 | -16% |
| Gonzales | $32 | -10% |
| Gretna | $42 | 17% |
How to find the cheapest renters insurance in Louisiana
The simplest way to find the cheapest renters insurance where you live in Louisiana is to first calculate how much you'll need in coverage. Then, compare quotes from different companies, making sure to also ask about their discounts. That way you can find the lowest rates for what you want.
Decide how much coverage you want Your rates will change with how much coverage you choose to get. It's a good idea to have enough coverage to pay to replace all your stuff. But if you have too much coverage — you won't get a payout for more than what your belongings are worth.
Shop around with multiple companies. There's a difference of $245 per year between the cheapest and most expensive companies in Louisiana. That means getting multiple quotes could save you a considerable amount of money.
Insurance companies use a range of factors to set their prices, including where you live, how much coverage you have, your age and your insurance history. So the best company for people you know might not be the best for you.
What renters insurance coverage do I need in Louisiana?
Louisiana deals with both hurricanes and flooding just about every year, so renters insurance is extremely important for protecting your belongings.
You policy will protect your things should they get damaged by wind and other elements of hurricanes, but it won't cover flood damage that follows hurricanes.
Does renters insurance in Louisiana cover hurricanes?
Renters insurance will cover hurricane damage from things like wind or heavy rain.
But your policy on its own won't pay to replace furniture or other property damaged by flooding.
Some insurance companies won't cover homes in areas vulnerable to hurricanes. That includes most of coastal Louisiana and other parts of the state. You may need to look at a range of companies to find one that will cover you.
Does renters insurance in Louisiana cover flooding?
Regular renters insurance policies don't cover flood damage.
Much of Louisiana is vulnerable to flooding because of the state's low elevation, the several large rivers that run through it and the swampy terrain near the coast and inland.
You'll usually have two options if you want flood coverage in Louisiana. But you'll have to buy a separate policy.
Louisiana renters insurance trends
Renters insurance prices have gone up 16.2% in Louisiana over the last six years.
Depending on the company, Louisiana renters insurance rates went up between 5.6% and 99.9% over the last six years.
Renters insurance, on average, decreased every year between 2020 to 2022, but then saw a sharp jump of 17.3% across 2023 and 2024.
Among the major LA insurers, the biggest increases have been at Chubb (99.9%), Liberty Mutual (43.9%) and USAA (41.0%).
Renters insurance rate change data was compiled using RateWatch from S&P Global, which uses information from the National Association of Insurance Commissioners (NAIC).
Frequently asked questions
How much is renters insurance in Louisiana?
The average cost of renters insurance in Louisiana is $36 per month, or $428 per month.
What does renters insurance cover in Louisiana?
A standard renters insurance policy should always include personal property coverage, liability protection, medical payments for guests and loss of use expenses. Lots of companies also offer extra coverage options to customize your policy, like replacement cost coverage. Louisiana renters living on the coast should look for an insurer that offers flood insurance, too.
Does Louisiana require renters insurance?
Renters insurance is not legally required in Louisiana. However, your landlord or property management company may make you get a policy as a part of your rental contract.
How much does renters insurance cost in New Orleans?
Renters insurance in New Orleans costs $41 per month, on average. That's 16% more expensive than the Louisiana state average. State Farm offers the cheapest rate for New Orleans renters at $29 per month.
Methodology
ValuePenguin gathered quotes from 20 of Loisiana's largest cities to find the cheapest renters insurance quotes in the state. Prices are for a 30-year-old woman with no previous renters claims.
Quotes include $30,000 of personal property coverage.
- Personal property: $30,000
- Personal liability: $100,000
- Medical payments: $1,000
- Loss of use coverage: $9,000
- Deductible: $500
Customer service ratings are compiled using complaint information from the National Association of Insurance Commissioners (NAIC), J.D. Power's annual customer satisfaction survey and ValuePenguin's own editor's ratings.
Managing Editor
Ben Breiner is the Managing Editor of ValuePenguin/LendingTree's insurance vertical. He oversees a team of writers who focus on guiding readers through the rigors of home and auto coverage. He still loves that moment when the words fall together and he can translate an intimidating topic so a reader can make the best choice.
Ben got involved in insurance in 2021 when he joined ValuePenguin. He moved up from writer to editor and watched the team grow to expand the ways it helps consumers. Before that, he spent a decade as a sportswriter for newspapers in the Southeast and Midwest.
Ben had to put off buying his first car because of high insurance rates, so he's keenly aware how the wrong policy can get in the way of your goals. He should've shopped around and looked to the experts.
Insurance tip
Always keep an eye out for insurance you can load up on at a low price. A lot more liability coverage won't break the bank and protects your hard-earned assets.
Expertise
- Car insurance
- Home insurance
- Renters insurance
Education
- BA, Economics and Journalism, University of Wisconsin-Madison
Editorial Note: The content of this article is based on the author’s opinions and recommendations alone. It has not been previewed, commissioned or otherwise endorsed by any of our network partners.
