New Orleans ,LA Home Insurance - The cost of homeowners insurance is influenced by a range of factors, including the value of your coverage, deductible, and the construction materials used in your home.
VHome Insurance conducted a thorough analysis of the New Orleans, LA homeowners insurance market, taking into account factors like average costs, range of coverages, deductibles and customer satisfaction ratings to determine the best providers. The Average home insurance cost in New Orleans, LA is $1709. Enter your zipcode below and click “GO” to get multiple free quotes.
It is important to understand the different coverage options available in New Orleans, LA. VHome Insurance will help you navigate the world of homeowners insurance coverages in New Orleans, LA.
| Coverage Level | Average Annual Premium |
|---|---|
| $100,000 | $684 |
| $200,000 | $1,162 |
| $300,000 | $1,436 |
| $400,000 | $2,188 |
| $500,000 | $2,751 |
Home insurance costs in New Orleans can vary greatly based on location. The frequency of claims in your area can affect the cost of your policy. Simply put, the location of your home can significantly impact your homeowners insurance premium.
| Zipcode | Average Insurance Premium |
|---|---|
| 070124 | $2,511 |
| 70115 | $2,540 |
| 70130 | $2,519 |
| 70118 | $2,370 |
| 70125 | $2,361 |
| 70112 | $2,456 |
| 70116 | $2,336 |
| 70119 | $2,280 |
| 70131 | $2,162 |
| 70122 | $2,204 |
| 70128 | $2,151 |
| 70113 | $2,147 |
| 70127 | $2,120 |
| 70126 | $2,118 |
| 70114 | $2,124 |
| 70129 | $2,108 |
| 70117 | $2,186 |
One key aspect of your policy is the deductible, which is the amount you pay out of pocket before your insurance kicks in. Choosing the right deductible can have a major impact on your insurance premiums and overall savings. In this guide, we'll help you understand the options available for homeowners insurance deductibles in New Orleans, LA, and how to choose the right one for your needs.
| Deductible Level | Average Annual Premium |
|---|---|
| $500 Deductible | $1,752 |
| $1000 Deductible | $1,567 |
| $1500 Deductible | $1,478 |
| $2500 Deductible | $1,333 |
| $5000 Deductible | $1,128 |
| Home Insurance Company Near New Orleans, LA | Homeowners Insurance Agency Near New Orleans, LA | Address |
|---|---|---|
| NA | Mb Insurance Agency, Llc | 3344 Rd, Metairie, LA, 70001 |
| NA | Gaynell J. Martin Insurance, Inc. | 1933 Hickory Ave New Orleans, Harahan, LA, 70123 |
| Liberty Mutual Independent | Dave Millet Ins Agcy Hammond | 902 C M FAGAN DR STE E, HAMMOND, LA, 70403 |
| State Farm | Kelly Cannon | 137 Highway 90, Waveland, MS, 39576-2618 |
| State Farm | Ollie Bailey | 300 Davis Avenue, Pass Christian, MS, 39571 |
| Place | 1 Car Bundle Savings On Insurance | 2 Car Bundle Savings On Insurance | 3 Car Bundle Savings On Insurance |
|---|---|---|---|
| Orleans Parish, Louisiana | $197 | $263 | $395 |
| Arabi CDP, Louisiana | $192 | $256 | $384 |
| Chalmette CDP, Louisiana | $191 | $254 | $381 |
| Place | Home insurance as a % of housing cost for homes with mortgage | Home insurance as a % of housing cost for homes without mortgage |
|---|---|---|
| New Orleans, LA | 6.9% | 23.2% |
| New Orleans | 6.9% | 23.23% |
| Arabi | 10.72% | 34.27% |
| Chalmette | 9.6% | 34.17% |
| New Orleans Home By Monthly Rent | Total Homes | % of Total | Estimated Monthly Income To Afford Rented House Including Renters Insurance |
|---|---|---|---|
| Less than $200 | 1,505 | 2.0% | $340 |
| $200 to $299 | 2,805 | 3.0% | $790 |
| $300 to $499 | 3,936 | 5.0% | $1240 |
| $500 to $749 | 12,781 | 17.0% | $1915 |
| $750 to $999 | 20,589 | 28.0% | $2665 |
| $1,000 to $1,499 | 21,711 | 30.0% | $3790 |
| $1,500 or more | 8,270 | 11.0% | $5440 |
| Streets in New Orleans Area | Homeowners Insurance Cost |
|---|---|
| Belgrade St, Strand Ct, Belmont Pl, Murl St, Lehigh St, S Villere St, Saint Joseph St, W Renaissance Ct, Momus Ct, Argonne Blvd | $1,367 |
| Savoie Ct, Cove Dr, Winners Cir, Northgate Dr, Hay Pl, Bodenger Blvd, Elder St, Fulton St, McKenna St, Zion St | $1,245 |
| Gus St, Atlantic Ave, Sail St, Thomas St, W Tamaron Blvd, Burbank Dr, Public Rd, Somerset Dr, N Homestead Dr, Expedition Dr | $1,293 |
| S Cortez St, Falmouth Dr, Olive St, W Harrison Ave, Dayna Ct, Hawthorne Pl, Polymnia St, Bennett, Lakeview Ct, N Lark St | $1,305 |
| Serantine St, Treme St, McFarland St, San Trovaso St, Cecil St, Clubhouse Dr, Majestic Oaks Dr, Martin Dr, Louisiana Hwy 407, Herschel St | $1,552 |
| 40th St, Hagan Ave, David St, Hempstead Rd, Westchester St, Cosmos Ln, Cherlyn Dr, Founders Ct, Leboeuf St, Wickfield Dr | $1,260 |
| Provincial Pl, Princess Ln, Maid Marion Dr, Conrad St, Sheephead St, Byrne Pl, Clinton St, Montpelier St, Ellen Park Pl, Brutus St | $1,306 |
| Cox St, Deers St, Panola St, Grand Ave, Danube Rd, Croftway Ct, Nunez St, Flake Ave, Marlborough Gate Pl, Ridgefield Dr | $1,302 |
| Shaw Ave, Marie St, Kings Canyon Dr, Lawerence St, Richard St, Western St, Poeyfarre St, Celeste St, Lang St, Hart St | $1,341 |
| Cabildo Aly, Ken Ct, Cherry St, Parkwood Ct S, Delta Ct, Front St, Westbrook Dr, Oliver St, Pin Oak Ave, Wayfarer St | $1,343 |
| Place | Savings For Senior Occupied Homes |
|---|---|
| New Orleans | $196 to $199 |
| Orleans | $197 |
| Arabi | $192 |
| Chalmette | $190 |
| Building Coverage | Contents coverage | Construction type | Age of home | Company | Premium |
|---|---|---|---|---|---|
| $200,000 | $100,000 | Frame | 10-year | Family Security Ins Co | $2332 |
| $150,000 | $75,000 | brick veneer | 20-year | Imperial Fire And Casualty | $2644 |
| $200,000 | $100,000 | brick veneer | 10-year | La Citizens Property Ins Corp | $5337 |
| $200,000 | $100,000 | brick veneer | 10-year | Liberty Ins Corporation | $3509 |
| $200,000 | $100,000 | brick veneer | 10-year | Metropolitan Prop And Cas Ins Co | $4157 |
| $200,000 | $100,000 | brick veneer | 10-year | Spinnaker Ins Co | $3565 |
| $200,000 | $100,000 | brick veneer | 10-year | The Standard Fire Ins Co | $2915 |
| $100,000 | $50,000 | brick veneer | 25-year | United Services Automobile Association | $2144 |
| $200,000 | $100,000 | brick veneer | 10-year | Unitrin Auto & Home Ins Co | $2645 |
| $400,000 | $200,000 | brick veneer | 1-year | Vigilant Ins Co | $8883 |
| Low Deductible | High Deductible | |
|---|---|---|
| Deductible | $900 | $2,900 |
| Yearly New Orleans Homeowner Insurance Premium Example | $8,700 | $7,700 |
| Out of Pocket Expense During Claim | $900 | $2,900 |
| Total Home Insurance Premium for 3 years + Out of Pocket Expense for Claim | $27,000 | $26,000 |
| Net Savings to New Orleans Home Owner from High Deductible Plan | $1,000 | |
| Scenario | New Orleans, LA Home Replacement Value MORE than Home Value | New Orleans, LA Home Replacement Value LESS than Home Value |
|---|---|---|
| Replacement Value | $332,000 | $220,500 |
| Insurance Premium based on Replacement Value | $4,550 | $3,025 |
| Risk Exposure from Under Insuring Coverage | Unnecessary Home Insurance Coverage of $58,500 | Risk Exposure from Under Insuring Coverage is $53,000 |
| Premium Impact | Insurance cheaper by $725/year | Insurance costlier by $800/year |
| Insurance Company | Liberty Mutual | Allstate | Farmers Insurance |
| Monthly Premium | 197 | 364 | 230 |
| Year Built | 1985 | 1969 | 1956 |
| Home Details | 2 Beds, 1 Baths | 4 Beds, 3 Baths | 3 Beds, 1 Baths |
| Coverage Amount | $125000-$150000 | $300000-$350000 | $150000-$175000 |
| Deductible | $500 Deductible | $5000 to $10,000 Deductible | $500 Deductible |