New Orleans, LA Homeowners Insurance Rate Quotes!
Did you know New Orleans, LA homeowners are now finding easier ways to compare home insurance rates online. At GetHomeInsuranceQuotes.com, we provide superior service when it comes to taking care of your insurance needs. Our online quoting application process has been trusted by thousands of homeowners like you who want a quick way to review and compare rates without any hassle. Our Louisiana licensed homeowners insurance professionals are here to help you compare multiple options and our convenient service allows us to answer the questions that you need to get the right coverage at the most affordable price. We provide the best rates from up to 12 or more different carriers that are all highly rated by A.M Best and we shop the policy with you so you know which New Orleans insurance policy is best for you. Start your quote today by entering your New Orleans zip code for the home you would like to insure!
Average New Orleans Homeowners Insurance Premiums
Right now residence of New Orleans are paying on average around $132 per month which most homeowners pay annually for homeowners insurance so you are looking to pay around $1,585 per year. If we can help you shop rates and apply discounts and credits, premiums can range from cheaper prices around $1,335 per year to upwards of $1,885 a year depending on the overall replacement cost coverage amount needed to rebuild your home if a major peril were to occur. Insurance coverage on a home can be complicated, but we try to help make the shopping easy.
When it comes to homeowners insurance there are a number of different types that are designed to cover the specific type of housing you call home. Here are just a few home insurance coverage types available in New Orleans:
- HO-3: A HO-3 policy is the most common type of homeowners insurance being written today. It offers coverage for all perils, excepting those that are specifically named in the policy as exclusions. Most policies for the city of New Orleans have a number of exclusions but the most common ones are flooding and earthquake damage.
- HO-5: The HO-5 is considered a premium policy and offers broader coverage than the HO-3. It covers your home, other structures, loss of use and your personal belongings as an “all perils” policy, which means that you are covered from everything except exclusions listed in the policy. The big difference is that all of your personal property is covered under the all perils coverage while a HO-3 limits property damage coverage to specially named perils. HO-5 policies can be significantly more expensive.
- H0-6: This type of policy is specifically written to cover people who live in a condo or a co-op building. This policy type will protect your belongings as well as any structural components of the building that you actually own. The walls of your condo or apartment are examples. HO-6 policies are listed perils policies which means they only cover the perils listed on the policy.
Facts About New Orleans Louisiana
The city of New Orleans Louisiana currently has 343,829 residents that call it home. This number translates into 8,809 households in the area and each household has about 3 people. The median household income is $46,156, which is very close to the national median and home prices in New Orleans average $257,885 making it a very affordable city to buy a house.
New Orleans, LA Housing Demographics
The city of New Orleans in Louisiana is roughly around 343,829 residents in population size with 142158 occupied homes within the city of New Orleans. The average family household in New Orleans is 76643.
| Demographic | Values |
|---|---|
| Population | 343,829 |
| Total Occupied Households | 142158 |
| Family Households (families) | 76643 |
| Average Owner Occupied Household Size | 2.44 |
| Average Family Size | 3.09 |
| Total Housing Units | 189896 |
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Average Rates Nearby New Orleans
Are you looking for homeowners insurance in a city near New Orleans? Review coverage options and average rates in your area by clicking your city below. We can help you shop home insurance rates!
Home Insurance Rates by Zipcode in New Orleans, LA
Easily review average rates and get multiple homeowners insurance quotes by clicking your zip code below located in New Orleans.
70112, 70113, 70114, 70115, 70116, 70117, 70118, 70119, 70121, 70122, 70123, 70124, 70125, 70126, 70127, 70128, 70129, 70130, 70131,
New Orleans, LA Home Insurance Average Premiums
$1335 /yr.
For the city of New Orleans, homeowners insurance rates may vary on deductible, coverage amount and property details. Below is a list of the averages based on the cost of an annual home insurance premium.
| Coverage Amount: | Annual Premium |
|---|---|
| 1800 sq. ft. or below (discounts applied) | $1335 /yr. |
| Average Coverage: | $1585 /yr. |
| 2600 sq. ft. or higher (all discounts applied) | $1885 /yr. |
What is the average home insurance cost for a home in New Orleans, LA?
- • The average homeowners insurance premium paid annually for a home in New Orleans is around $1585 per year.
What does it cost on average per month for home insurance in New Orleans, LA?
- • Homeowners in New Orleans pay an average cost per month around $132.00 for insurance coverage.
New Orleans, LA Coastal Wind, Hail & Flood Information
New Orleans is located in a coastal county which greatly increases the risk of hurricanes and windstorms. Our quoting process will include wind and hail coverage options to give you the best protection you need against high winds and storm damage.
Flood Zone Notice: The beautiful coastal city of New Orleans is know for it's beautiful beaches and waterways. Because Orleans Parish (FIPS: 22071) has a shoreline and is in a coastal area it is important to purchase flood insurance. The risk is very high in this area and we will work with you to provide the best flood insurance coverage you need for your home in New Orleans, LA.