Best Renters Insurance Louisiana Has to Offer as Rated by Customers in 2022

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#1
/11
USAA
4.76 ★★★★★
4.76 ★★★★★
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Excellent
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#2
/11
The Hartford
4.60 ★★★★★
4.60 ★★★★★
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Excellent
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#3
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4.20 ★★★★★
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Excellent
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If you’re looking to get protection for your personal belongings — your TV, furniture, etc. — you’ll need to buy renters insurance. A common misunderstanding is that your personal items are covered under your landlord’s policy, but that’s not the case. Your landlord’s insurance covers the structure of the building and unit you’re renting. Renters insurance covers personal items and provides liability protection if an accident occurs in your apartment.

So if you want to ensure you’re properly covered while renting in Louisiana, it’s important to find one of the best Louisiana renters insurance companies. But where do you start? In the table above, you can sort through all the renters insurance companies ranked on Clearsurance. The rating next to each company — the insurer’s Clearsurance score — is based exclusively on the thousands of ratings provided by customers. Note: Only those companies with at least 25 renters insurance reviews are eligible to appear in the best Louisiana renters insurance rankings.

Interested in learning more about one of the companies on the list of the best renters insurance companies in Louisiana? You can visit the company’s profile page to find more information about the company and read reviews to learn from the experiences of other policyholders.

On this page:

What are your coverage options on a renters insurance policy?

Just like any other policy, you can usually customize your renters insurance coverage to get exactly what you need. A standard policy contains some form of the following types of coverage:

  • Personal property coverage – This coverage pays the replacement cost for the personal items you keep in your apartment should they be damaged or destroyed. The policy will usually have a list of covered perils, so make sure to look this over closely.

  • Liability coverage – Liability insurance pays for medical expenses if someone is injured in your apartment.

  • Loss of use coverage – Loss of use pays for your hotel and food expenditures when you are unable to stay in your apartment because of damages. This may also be called additional living expense coverage or temporary living expenses coverage.

Beyond these basic coverage options, you may also be able to purchase extra protection like identity theft coverage, guest medical coverage, and other optional coverages.

People who keep expensive items in their rental unit, like musical instruments, jewelry, or sports gear, may wish to increase their coverage limits.

Who offers the best renters insurance rates in Louisiana?

Out of the most popular companies in Louisiana, State Farm offers the cheapest renters insurance rates for a Louisiana apartment, on average.

In Louisiana, renters insurance rates vary based on factors specific to you, such as the value of your personal belongings, as well as the company you choose. Some companies may offer renters insurance in Louisiana for a cheaper rate than others. In the table below, you can see average Louisiana renters insurance rates from some of the largest companies in the state.

Company Average renters insurance rates
State Farm $157.28
Safeco $168.94
USAA* $225.57
Encompass $228.72
American Strategic Insurance Group (ASI) $293.11
Allstate $294.74
Louisiana Farm Bureau $449.41

*USAA is only available to former and active military members and their families.

These average renters insurance rates are based on a policy with $30,000 in personal property coverage (with a $500 deductible), $100,000 in personal liability and $1,000 in medical payments to others. The rates displayed should only be used for comparative purposes as individual rates in Louisiana will differ. Rate data is provided by Quadrant Information Services.

How much does rent cost in New Orleans?

In New Orleans, Louisiana, it costs an average of $1,100 per month to rent an apartment. The cost to rent a New Orleans apartment can vary based on your location and the size of your apartment.

Mardi Gras, jazz music, gumbo and jambalaya are all signatures of the cultural and historic city of New Orleans. It’s also the most populous city in Louisiana. While the average cost of monthly rent in The Big Easy is $1,100, the average cost of rent fluctuates depending on the area in New Orleans. For example, apartments in the Iberville neighborhood have an average monthly rate of $1,843 while apartments in Old Aurora and New Aurora-English Turn have an average monthly rate of $780.

The type and size of the apartment also affects the monthly cost of rent in New Orleans. On average, studio apartments cost $983 per month, one-bedroom apartments cost $987 per month and three-bedroom apartments cost $1,320 per month. People renting an apartment in New Orleans should also consider purchasing a renters insurance policy for a small affordable fee per month to insure their personal belongings.

Do Louisiana college students need renters insurance?

There are many colleges located throughout the state of Louisiana and college students may be renting off-campus apartments while completing their degree. There are a few things for college students renting housing in Louisiana to consider in order to protect their personal belongings.

Typically, college students who live in campus housing are covered by their parents homeowners insurance policy. That’s usually only the case for students who live on campus, though. College students in Louisiana who rent apartments off campus should consider a renters insurance policy because their items won’t be covered under their parents’ policy, and without a renters insurance policy, they won’t have any protection.

College students typically also have roommates in the apartment they rent, however, it’s not advised that students share renters insurance policies with roommates. Each student should have their own renters insurance policy to protect their own belongings.

What are Louisiana's property crime statistics?

Theft and vandalism or malicious mischief are among the 16 perils a standard renters insurance policy protects you from. So, how does crime in Louisiana compare to other states around the country? The FBI published the following statistics on crime in Louisiana for 2016:

  • Property crime - 154,386
  • Burglary - 34,667
  • Larceny theft - 109,380

All three statistics for Louisiana, when compared to the national average rate per 100,000 inhabitants, rank well above the national average.

How can you save money on your renters insurance in Louisiana?

While renters insurance may be more affordable than other types of insurance, no one wants to pay more than they have to. So what are the different ways that you can lower your Louisiana renters insurance premium and have some extra spending money?

Here are the top 5 ways to save on your renters insurance:

  • Raise your deductible
  • Ask about potential discounts
  • Bundle your policies
  • Determine the value of your personal property
  • Pay in full by check

If you bundle your auto policy with a homeowners or renters insurance policy with the same insurance company, you will usually receive a multi-policy discount (this might also be available for bundling with other insurance products, such as a life insurance policy or boat insurance policy). Some insurance carriers also offer discounts for safety features in your apartment, such as smoke detectors, or for setting up automatic payments.

A wide range of insurance discounts may be available, so make sure to ask renters insurance providers about your options when you're shopping around for quotes. If you're looking for the most affordable rate, get quotes on a renters policy from at least three companies before making a decision.

How does Clearsurance rate and rank the best renters insurance companies in Louisiana?

Consistent with its mission towards greater transparency, Clearsurance does not keep its rating and ranking formulas in a black box. Our algorithm analyzes a range of inputs from our independent community of insurance customers, including:

  • Price
  • Customer Service
  • Claim service
  • Likelihood to renew

The algorithm also takes into account the percentage of what customers say the company does well vs. the percentage of what customers say the company could do better.

The Clearsurance customer ratings and rankings are derived entirely from customer reviews and ratings.

What is a renters insurance guide?

As we mentioned above, there’s common misconceptions regarding what is and isn’t covered by a renters insurance policy. Before you purchase a policy from one of these best renters insurance companies in Louisiana, it’s important to understand what your policy covers. For example, did you know that many renters insurance policies include liability protection in the event a non-resident is injured on the property. Plus, if your apartment becomes uninhabitable from an incident, some policies may cover your expenses as you find temporary housing.

We want to make sure you’re equipped with a proper knowledge of renters insurance, so check out our renters insurance guide. Looking for more educational information about renters insurance? Check out our renters insurance blog for more information and topics related to renters insurance.

Frequently Asked Questions

#1 – Who offers the best renters insurance rates in Louisiana?

Out of the most popular companies in Louisiana, State Farm offers the cheapest renters insurance rates for a Louisiana apartment, on average.

#2 – How much does rent cost in New Orleans?

In New Orleans, Louisiana, it costs an average of $1,100 per month to rent an apartment. The cost to rent a New Orleans apartment can vary based on your location and the size of your apartment.

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