HomeInsuranceQts

Home Insurance in Louisiana

Louisiana's median home value is $216,500.

Aging wiring, roofing and plumbing in older homes can push up the cost to insure or rebuild them. The typical home in Louisiana was built around 1983. About 18% of homes were built before 1960.

The housing stock in Louisiana is 68% single-family homes, 11% apartments in buildings with 5+ units and 13% mobile or manufactured homes. Mobile and manufactured homes typically need a manufactured-home (HO-7) policy rather than a standard homeowners policy.

In Louisiana, about 52% of owner-occupied homes have a mortgage - lenders require hazard insurance on every mortgaged home.

Louisiana has an owner-occupancy rate of 67% and a vacancy rate of 14%; unoccupied homes typically need a different coverage form.

Most homes in Louisiana - 65% - are primarily heated with electricity.

In Louisiana, the statewide average premium for a standard HO-3 homeowners policy is $3,027 per year (NAIC, 2023 data).

Key figures

Median home value$216,500
Median year built1983
Owner-occupied share67%
Share of owner-occupied homes with a mortgage52%
Home insurance premium$3,027 - statewide average (NAIC, 2023 data)

Counties

Sources