Louisiana Renters Insurance
Whether you rent an apartment near Tulane or a two-bedroom home outside Lake Charles, renters insurance in Louisiana can help you repair or replace your personal belongings if they’re damaged or stolen.
How much does renters insurance generally cost in Louisiana?
Renters insurance in Louisiana can cost as little as $24.50 a month (or $293 per year) for around $30,000 in coverage1, according to 2022 data (the most recent available) from the National Association of Insurance Commissioners (NAIC). That’s more than what renters nationwide paid — an average of $185 per year for coverage, the NAIC report shows. Keep in mind that insurance premiums in most states have changed since then. Also, your cost may be different depending on things like how much personal property you want to cover, what deductible you choose and risks specific to your location.
When you bundle renters and auto policies with Farmers®, you could save up to 7% on your auto policy and up to 20% on renters. You can bundle your policies online or ask your Farmers agent for details.
What does Louisiana renters insurance typically cover?
Typically, renters insurance policies in Louisiana can provide coverage against damage to or loss of personal belongings if caused by events such as:
- Fire
- Vandalism and theft
- Lightning strikes
- Wind
- Hail
- Explosions
- Falling objects
- The weight of snow or ice
Flooding — a common risk in Louisiana — is not covered, but special flood insurance through the National Flood Insurance Program (NFIP) may be available for renters.
Is renters insurance required in Louisiana?
No state laws require you to have renters insurance in Louisiana. However, landlords can require you to have a renters policy as part of a lease agreement. It may help pay for another person’s medical bills or repairs to their property if you’re found legally responsible for their injuries or property damage. Renters liability coverage may also help cover your legal expenses if you’re sued over an incident that occurs in the place you’re renting. Keep in mind that your landlord’s insurance provides coverage for the building itself, but this likely does not include your personal belongings.
Magnolia
More coverage options in Louisiana
Learn From Experience
Do you have more questions about renters insurance? We have answers.
Even though you’re just getting started, your personal possessions are probably worth more than you realize. Now imagine you have to run out and replace everything at today’s prices. That’s going to be a very expensive shopping trip — unless you have renters insurance to help cover the cost.
Your renters policy helps cover the contents of your apartment for a number of perils — including theft. If someone walks off with your laptop or sound system, your policy can help cover the cost to go out and buy a new one.
They Had Minutes To Pack And Flee Before The Flood
These homeowners escaped epic flooding, but floodwaters destroyed their homes. Here, they talk about how they escaped, what they did beforehand, and what they’re doing to prepare for the next flood.
1 Estimate is based on HO-4 policy with coverage of $30,000 to $34,999.