New Orleans Home Insurance at a Glance
For the same house, home insurance in New Orleans averaged $7,286 a year ($607 a month) across the 3 insurers we compared, 22.1% above the Louisiana average of $5,968 a year. That’s for a 2,000 sq ft wood-frame house with a composition roof, built in 1997 and insured for $300,000 with a $1,000 deductible and a 2% hurricane deductible.
For the same home, prices among the 3 insurers we compared ranged from $150 to $1,134 a month, a $984-a-month gap for identical coverage. State Farm priced far above the others; the other 2 ranged from $150 to $538. These are sample prices for one example home, not quotes or offers.
- $300K dwelling
- $1,000 deductible
- 2% hurricane deductible
- $300K liability
- Built 1997
- Composition roof
- 2,000 sq ft wood-frame house
- See the homes we priced
Rates as of Sept. 30, 2026 · Page updated Oct. 29, 2026
New Orleans home insurance: key numbers
- Home
- $7,286/yr $607/mo
- Home without State Farm
- $4,128/yr $344/mo
- Renters
- $564/yr $47/mo · no hurricane coverage
- Condo
- $762/yr $64/mo · no hurricane coverage
How much is homeowners insurance in New Orleans?
Homeowners insurance in New Orleans averages $607 a month for the house we priced, with rates as of Sept. 30, 2026. The 3 major insurers we compared are Southern Farm Bureau, USAA (military families only) and State Farm, and each one priced our sample home in all 18 New Orleans ZIP codes in our data, in Orleans Parish and Jefferson Parish. For this house, New Orleans is the 2nd most expensive of the 6 Louisiana cities in our data with at least 5 ZIP codes, and above the Louisiana average of $497 a month.
Our figures are for a $300,000 dwelling, which works out to about $24.29 a year for each $1,000 of dwelling coverage in New Orleans; insuring a larger or costlier house for more usually costs more, though not always in step with the limit.
For the same insurers and ZIP codes, the New Orleans average fell 3.1% since Nov. 2025, from $7,521 a year ($627 a month) on Nov. 30, 2025, to $7,286 ($607) on Sept. 30, 2026, as Southern Farm Bureau’s fell 77.8%, State Farm’s rose 70.1% and the other insurers’ prices didn’t change.
Homeowners insurance averages by insurer in New Orleans for our sample home (rates as of Sept. 30, 2026)
| Insurer | Per month | Per year |
|---|---|---|
| Southern Farm Bureau | $150 | $1,805 |
| USAA (military families only) | $538 | $6,451 |
| State Farm | $1,134 | $13,603 |
Southern Farm Bureau averaged $150 a month ($1,805 a year), USAA (military families only) $538 ($6,451) and State Farm $1,134 ($13,603) for our sample home.
Same sample home: each insurer’s average yearly price in the same New Orleans ZIP codes, Nov. 30, 2025 and Sept. 30, 2026
| Insurer | Nov. 30, 2025 (per year) | Sept. 30, 2026 (per year) | Change |
|---|---|---|---|
| State Farm | $7,996 | $13,603 | +70.1% |
| USAA (military families only) | $6,451 | $6,451 | No change |
| Southern Farm Bureau | $8,117 | $1,805 | −77.8% |
All 3 insurers in the table priced the same 18 New Orleans ZIP codes on both dates.
By ZIP code: each insurer’s yearly price for the same house changed with the New Orleans address:
- Southern Farm Bureau charged $1,805 a year in every New Orleans ZIP code it priced.
- USAA (military families only) ran from $4,713 a year in 70121 to $9,509 in 6 ZIP codes, including 70122.
- State Farm ran from $10,633 a year in 70115 to $18,708 in 70129.
Why one insurer stands out: State Farm’s average for our sample home, $1,134 a month, is about 3.3 times the other 2 insurers’ average. It stays in our figures. Without it, the New Orleans average would be $344 a month ($4,128 a year), 30.8% below the Louisiana average.
Same sample home in New Orleans with all 3 insurers and without State Farm (rates as of Sept. 30, 2026)
| Place | Per month | Per year | vs. New Orleans |
|---|---|---|---|
| New Orleans, all 3 insurers | $607 | $7,286 | Baseline |
| New Orleans, without State Farm | $344 | $4,128 | −43.3% |
| Louisiana | $497 | $5,968 | −18.1% |
The Louisiana figure includes every insurer we priced in the state.
Who has the cheapest homeowners insurance in New Orleans?
Prices for the same home vary so much by insurer and ZIP code that the lowest one for our sample home may not be lowest for you, so compare a few quotes. The home table above lists every insurer’s average for the same home.
What changes your price: where the house sits, its value, age and roof, your deductibles, claims and credit, and whether you add a car. In New Orleans, ZIP code averages for this house ran from $483 to $834 a month, while insurers’ New Orleans averages ran from $150 to $1,134.
Your ZIP code matters
Does your New Orleans ZIP code change the price?
Lowest vs. highest ZIP code for our sample home (rates as of Sept. 30, 2026)
Lowest
70115
New Orleans (Orleans Parish)
$483/mo
$5,795 a year
Highest
70129
New Orleans (Orleans Parish)
$834/mo
$10,007 a year
Where you live in New Orleans matters: for the same house, 70129 averaged $834 a month, about 1.7 times the $483 in 70115, and insurers’ own New Orleans averages ran from $150 to $1,134 a month.
Of the 18 New Orleans ZIP codes we priced, 6 averaged more than the city’s $607 a month for this house, 12 less.
Leaving out the 4 lowest- and 4 highest-priced ZIP codes, the middle 10 of the 18 New Orleans ZIP codes we priced averaged $502 to $783 a month for this house.
New Orleans’ 18 ZIP codes in our data reach into Orleans Parish and Jefferson Parish. For the same house, the average was $620 a month in the 16 ZIP codes in Orleans Parish and $501 a month in the 2 ZIP codes in Jefferson Parish.
The three lowest-priced New Orleans ZIP codes for our sample home are 70115 ($483 a month), 70125 ($487 a month) and 70118 ($496 a month); the three highest are 70129 ($834), 70128 ($828) and 70127 ($789).
Renters and condo prices in this table leave out hurricane coverage: our renters and condo price requests didn’t include a hurricane deductible.
The 5 lowest- and 5 highest-priced of the 18 New Orleans ZIP codes we priced
| ZIP | Home | Renters | Condo |
|---|---|---|---|
| 70115 | $483 | $46 | $60 |
| 70125 | $487 | $46 | $60 |
| 70118 | $496 | $46 | $60 |
| 70123 | $501 | $53 | $59 |
| 70130 | $502 | $46 | $60 |
| 70126 | $783 | $47 | $69 |
| 70124 | $785 | $47 | $69 |
| 70127 | $789 | $47 | $69 |
| 70128 | $828 | $49 | $76 |
| 70129 | $834 | $46 | $65 |
See all 18 ZIP codes
Average home, renters and condo insurance prices by ZIP code in New Orleans, LA, for the homes we priced (rates as of Sept. 30, 2026; renters and condo without hurricane coverage). Monthly averages.
| ZIP | Home | Renters | Condo |
|---|---|---|---|
| 70115 | $483 | $46 | $60 |
| 70125 | $487 | $46 | $60 |
| 70118 | $496 | $46 | $60 |
| 70123 | $501 | $53 | $59 |
| 70130 | $502 | $46 | $60 |
| 70121 | $502 | $54 | $63 |
| 70113 | $503 | $46 | $60 |
| 70116 | $518 | $46 | $60 |
| 70119 | $520 | $47 | $64 |
| 70117 | $532 | $46 | $60 |
| 70114 | $549 | $46 | $60 |
| 70131 | $566 | $46 | $60 |
| 70122 | $753 | $47 | $69 |
| 70126 | $783 | $47 | $69 |
| 70124 | $785 | $47 | $69 |
| 70127 | $789 | $47 | $69 |
| 70128 | $828 | $49 | $76 |
| 70129 | $834 | $46 | $65 |
Each ZIP code’s figure averages the insurers we priced there.
Same house, different city: how does New Orleans compare?
The same sample home costs $607 a month in New Orleans, $378 in Shreveport, $471 in Baton Rouge, $521 in Lafayette, $557 in Lake Charles and $645 in Metairie, the 6 Louisiana cities in our data with at least 5 ZIP codes.
Same sample home: average home insurance prices in New Orleans, other Louisiana cities and the state (rates as of Sept. 30, 2026)
| Place | Per month | Per year | vs. state |
|---|---|---|---|
| New Orleans | $607 | $7,286 | +22.1% |
| Shreveport | $378 | $4,531 | −24.1% |
| Baton Rouge | $471 | $5,650 | −5.3% |
| Lafayette | $521 | $6,251 | +4.7% |
| Lake Charles | $557 | $6,681 | +11.9% |
| Metairie | $645 | $7,737 | +29.6% |
| Louisiana | $497 | $5,968 | Baseline |
| Average of the 50 states and D.C. | $258 | $3,101 | −48.0% |
Each city covers the ZIP codes in our rate data with that city as their main mailing address; every row prices the same house.
Shreveport has the lowest average of these Louisiana cities, $378 a month, and Metairie the highest, $645; New Orleans sits between them.
Compared with Baton Rouge, the Louisiana city with the most ZIP codes in our data after New Orleans (15), the same house costs 29.0% more to insure in New Orleans.
Across the U.S., 242 of the other 291 cities in our data with at least 5 ZIP codes priced have a lower average for this house than New Orleans, and 49 a higher one.
For the statewide picture, see home insurance costs in Louisiana.
Compare all states: home insurance costs for the same house in all 50 states and D.C.
What does a New Orleans homeowners policy cover?
A standard homeowners policy pays to repair or rebuild after covered damage such as fire, lightning, wind and hail, theft and some water damage from burst pipes; flood and earthquake damage need separate coverage. All six coverages below are inside the $7,286-a-year New Orleans average for our sample home.
- Dwelling ($300,000): the house itself, from the foundation to the roof.
- Other structures ($30,000): a detached garage, carport, fence or shed.
- Personal property ($150,000): furniture, clothes and electronics.
- Loss of use ($30,000): a rental and other extra costs while repairs keep you out.
- Personal liability ($300,000): legal defense and damages if you’re responsible for someone’s injury or property damage.
- Medical payments ($5,000): smaller medical bills for a guest hurt at your home.
Say a storm damages the roof and the repair costs $15,000. With the $1,000 deductible we priced, the policy would pay up to $14,000. With a 2% wind and hail deductible on the same $300,000 house, you’d pay the first $6,000 instead, and the policy up to $9,000.
Is $400 a month a lot for home insurance in New Orleans?
$400 a month is less than our sample home costs in New Orleans: $607 a month, the 2nd most expensive of the 6 Louisiana cities in our data with at least 5 ZIP codes. 1 of the 3 insurers we compared averaged under $400 for the same house: Southern Farm Bureau ($150). If a quote for your home is near $400, compare its dwelling limit and deductibles with ours ($300,000 and $1,000) before you decide.
Why your New Orleans quote may differ from these prices
Use our one-house figures as a starting point when you compare home insurance quotes for yours.
Your roof: Our sample house has a composition roof, and we priced it without a roof age. Insurers often charge more for older roofs, so ask how your roof’s age and material change your quote.
Your claims and credit: a recent claim, or weaker credit where an insurer uses it, can push a New Orleans quote above the $607 a month our claim-free, good-credit owner averages.
Your deductibles: our house has one $1,000 deductible for covered losses other than a hurricane. If your policy has a separate percentage deductible for wind and hail, your premium and your out-of-pocket cost after a storm will both differ from ours.
What is the 80% rule in homeowners insurance?
The Louisiana Department of Insurance’s homeowners guide explains that many policies reduce a partial-loss payment if you insure for less than 80% of your home’s replacement cost, the cost to rebuild it. For our $300,000 sample house, that’s at least $240,000, so check your limit against a current rebuilding cost, not the home’s market value.
Why is homeowners insurance so expensive in New Orleans?
For our sample house, New Orleans is the 2nd most expensive of the 6 Louisiana cities in our data with at least 5 ZIP codes, and 135.0% above the average of the 50 states and D.C. Our figures don’t separate causes; these official records show what New Orleans homes face.
One reason in our data: State Farm’s average for our sample home, $1,134 a month, is about 3.3 times the other insurers’ average; without it, New Orleans would average $344 a month.
Hurricane Katrina made landfall in southeast Louisiana at 6:10 a.m. on Aug. 29, 2005, with storm surge of 10 to 15 feet near New Orleans, according to the National Weather Service.
Outfall canal levee failures after Katrina flooded about 80 percent of New Orleans, according to the National Weather Service.
How do hurricane and wind deductibles work in New Orleans?
Your deductible is the amount you pay out of pocket on each claim before your insurer pays. The house we priced has a $1,000 deductible for covered losses other than a hurricane, including wind and hail. Our sample home request also includes a 2% hurricane deductible, a setting we use in every state; real policies near the coast may carry a larger hurricane deductible, so ask for yours.
Louisiana policies may carry a separate hurricane, named-storm or wind and hail deductible, and under the state’s single-season rule you don’t pay more than one hurricane or named-storm deductible in the same hurricane season, the Louisiana Department of Insurance says.
Your wind and hail deductible in dollars (illustration only)
| Dwelling coverage | 1% | 2% | 5% |
|---|---|---|---|
| $200,000 | $2,000 | $4,000 | $10,000 |
| $300,000 (our sample home) | $3,000 | $6,000 | $15,000 |
| $400,000 | $4,000 | $8,000 | $20,000 |
The table shows deductibles, not premiums. At 2%, the deductible on our sample home’s $300,000 dwelling is $6,000, about 82% of the $7,286 a year that house averages in New Orleans.
A higher deductible usually lowers your premium, so weigh the lower price against the bigger bill you’d face after a storm.
How to find cheaper home insurance in New Orleans
For our sample home, insurers’ New Orleans averages ran from $1,805 to $13,603 a year. These are the levers you control; how much each one moves a quote depends on the insurer and the house, and none of them comes with a promised price.
Compare at least three insurers: even one insurer’s price moves a lot by address: State Farm’s for our sample home ran from $10,633 to $18,708 a year depending on the New Orleans ZIP code.
Price two deductibles: ask each insurer for the premium at your current deductible and one step higher, and keep any percentage wind and hail deductible in dollars in mind (2% of $300,000 is $6,000, about 10 months of New Orleans’ $607-a-month average premium).
Ask about a tougher roof and safety devices: impact-resistant roofing, smoke detectors, burglar alarms and dead-bolt locks are common discounts to ask about.
Bundle with care: some insurers take roughly 5% to 15% off when you buy home and car insurance together, the Insurance Information Institute says; compare both ways before you decide.
Keep the coverage you need: insuring at least 80% of the rebuilding cost protects you on partial losses, so a lower price that comes from a lower limit can cost you after a large claim.
Guard a clean record: our sample owner has no claims in 10 years, and the $607-a-month New Orleans average assumes that clean record; a recent claim can raise a quote.
What if an insurer won’t renew your New Orleans home?
Read the notice and your policy’s own cancellation and nonrenewal terms, then start shopping right away. If a notice doesn’t make sense to you, or you need help with a claim, call the Louisiana Department of Insurance at 800-259-5300.
If you can’t get coverage from a private insurer, Louisiana Citizens Property Insurance Corporation is the state’s insurer of last resort.
In our data, every insurer we compared priced our sample home in all 18 New Orleans ZIP codes.
Got a nonrenewal notice?
- Note the date your coverage ends and start shopping now.
- Get quotes from at least three insurers (we compared 3 in New Orleans, from $150 to $1,134 a month for the same house), or ask a licensed agent to compare them for you.
- If insurers turn you down, ask a Louisiana-licensed agent about Louisiana Citizens Property Insurance Corporation.
- If the notice looks wrong, call the Louisiana Department of Insurance at 800-259-5300.
Ready to compare
How much is renters insurance in New Orleans?
Renters insurance for our sample renter averages $47 a month ($564 a year) in New Orleans. Our renters price requests didn’t include a hurricane deductible, so these renters prices leave out hurricane coverage, a large part of the cost on the coast. For our sample renter, prices among the 4 insurers we compared ranged from $18 to $104 a month, an $86-a-month gap for the same coverage.
Renters insurance averages by insurer in New Orleans for our sample renter, without hurricane coverage (rates as of Sept. 30, 2026)
| Insurer | Per month | Per year |
|---|---|---|
| Southern Farm Bureau | $18 | $217 |
| State Farm | $22 | $263 |
| Allstate | $44 | $528 |
| USAA (military families only) | $104 | $1,250 |
Southern Farm Bureau averaged $18 a month ($217 a year), State Farm $22 ($263), Allstate $44 ($528) and USAA (military families only) $104 ($1,250) for our sample renter.
We don’t name a lowest renters insurer in New Orleans (the methodology explains when we do); the renters table above lists every insurer’s average for the same renter, from $18 to $104 a month.
USAA’s (military families only) renters average is about 3.7 times the other insurers’ average; without it, New Orleans’ renters average would be $28 a month ($336 a year).
For renters insurance without hurricane coverage, New Orleans is the 2nd most expensive of the 6 Louisiana cities in our data with at least 5 ZIP codes: its average is 44.6% above the Louisiana renters average of $390 a year ($33 a month) and 120.4% above the average of the 50 states and D.C., $256 a year ($21 a month). Among the 292 U.S. cities in our data with at least 5 ZIP codes priced, 283 have a lower renters average for our sample renter than New Orleans, 8 a higher one.
For the same insurers and ZIP codes, the New Orleans renters average fell 0.9% since Nov. 2025, from $569 to $564 a year, as Southern Farm Bureau’s fell 11.8%, State Farm’s rose 3.5% and the other insurers’ prices didn’t change.
By ZIP code, the New Orleans renters average for our sample renter ran from $46 a month in 70113 to $54 in 70121. Of the 18 ZIP codes, 3 averaged more than the city’s $47 a month for our sample renter, 10 less and 5 the same.
Our sample renter lives in an apartment built in 2005 and insures $40,000 of belongings with $300,000 liability and a $1,000 deductible. The renter is 40, single, with good credit and no claims. Rates as of Sept. 30, 2026, from 72 sample prices by 4 insurers across 18 New Orleans ZIP codes.
- $40K belongings
- $300K liability
- $1,000 deductible
What does renters insurance cover in a New Orleans apartment?
Your landlord’s insurance is for the building; a renters policy is for your belongings and your liability. The policy we priced pays up to $40,000 for belongings after a covered fire or burglary and $300,000 if you’re responsible for someone’s injury or property damage. In New Orleans, that package averages $47 a month without hurricane coverage; flood and earthquake damage need separate coverage.
How we got these renters prices: each insurer’s average across the 18 New Orleans ZIP codes in our data. Sample prices, not quotes or offers.
How much is condo insurance in New Orleans?
Condo insurance for our sample condo averages $64 a month ($762 a year) in New Orleans. Our condo price requests didn’t include a hurricane deductible, so these condo prices leave out hurricane coverage, a large part of the cost on the coast. For our sample condo, prices among the 4 insurers we compared ranged from $27 to $97 a month, a $70-a-month gap for the same coverage.
Condo insurance averages by insurer in New Orleans for our sample condo, without hurricane coverage (rates as of Sept. 30, 2026)
| Insurer | Per month | Per year |
|---|---|---|
| Southern Farm Bureau | $27 | $329 |
| State Farm | $44 | $533 |
| USAA (military families only) | $85 | $1,018 |
| Allstate | $97 | $1,168 |
Southern Farm Bureau averaged $27 a month ($329 a year), State Farm $44 ($533), USAA (military families only) $85 ($1,018) and Allstate $97 ($1,168) for our sample condo.
We don’t name a lowest condo insurer in New Orleans (the methodology explains when we do); the condo table above lists every insurer’s average for the same condo, from $27 to $97 a month.
For condo insurance without hurricane coverage, New Orleans is the least expensive of the 6 Louisiana cities in our data with at least 5 ZIP codes: its average is 12.8% below the Louisiana condo average of $874 a year ($73 a month) and 58.4% above the average of the 50 states and D.C., $481 a year ($40 a month). Among the 292 U.S. cities in our data with at least 5 ZIP codes priced, 215 have a lower condo average for our sample condo than New Orleans, 76 a higher one.
For the same insurers and ZIP codes, the New Orleans condo average fell 26.2% since Nov. 2025, from $86 to $64 a month, as Southern Farm Bureau’s fell 77.5%, State Farm’s rose 9.7% and the other insurers’ prices didn’t change.
By ZIP code, the New Orleans condo average for our sample condo ran from $59 a month in 70123 to $76 in 70128. Of the 18 ZIP codes, 6 averaged more than the city’s $64 a month for our sample condo, 11 less and 1 the same.
Our sample condo is a 2,000-square-foot unit in a building built in 2005, with $60,000 of coverage for the unit, $60,000 for belongings, $300,000 liability and a $1,000 deductible. The owner is 40, single, has good credit and no claims in 10 years.
- $60K unit coverage
- $60K belongings
- $1,000 deductible
- Built 2005
Which part of a New Orleans condo is yours to insure?
The association’s master policy covers the building, and your condo policy covers what the declaration and master policy leave to you. In our sample policy, $60,000 covers the inside of the unit and $60,000 your belongings, and that package averages $64 a month in New Orleans without hurricane coverage.
What to check with your HOA before you buy condo insurance
- The master policy: ask the association or manager for its certificate of insurance and declarations page.
- Bare walls or more: find out whether it stops at the bare walls or also covers fixtures and finishes; that sets your unit coverage.
- The master deductible: ask how large it is and whether the association can pass part of it to owners after a storm.
- Loss assessment: ask your insurer how much loss assessment coverage your policy includes (it can pay your share if the association bills owners for a covered loss to shared parts of the building).
Nearby Louisiana cities
State average
Home $497/mo
Renters $33 · Condo $73, both without hurricane coverage
You may also want to compare: car + home insurance in New Orleans
Many New Orleans homeowners insure a car too. Some insurers take roughly 5% to 15% off when you buy home and car insurance from them together (Insurance Information Institute), but the same insurer has to write both policies, and buying both from one insurer isn’t always the lower-priced choice, so compare both ways.
See car insurance rates in New Orleans · Louisiana car insurance rates · How bundling home and auto insurance works
Frequently asked questions about home insurance in New Orleans
What is the average cost of home insurance in New Orleans?
For the house we priced, New Orleans averages $7,286 a year ($607 a month) across the 3 insurers we compared and 18 ZIP codes, with rates as of Sept. 30, 2026. That’s 22.1% above the Louisiana average of $497 a month.
Which New Orleans ZIP code has the cheapest home insurance?
Of the 18 New Orleans ZIP codes we priced, 70115 had the lowest average for our sample home, $483 a month, and 70129 the highest, $834.
How do I get home insurance quotes in New Orleans?
Enter your ZIP code in any quote box on this page to compare free home insurance quotes for your New Orleans address. Get at least three, and compare each one’s dwelling limit and deductibles with ours ($300,000 and $1,000).
How much is insurance on a $400,000 house in New Orleans?
We priced a $300,000 dwelling, not $400,000. For that house, New Orleans averages $607 a month. A $400,000 house usually costs more to insure, so get quotes for your own rebuild cost, and remember the 80% rule.
Does New Orleans home insurance cover wind and hail damage?
Generally, yes, minus your deductible: a standard homeowners policy covers wind and hail damage. Hurricane damage usually has its own percentage deductible: on our $300,000 sample house, 2% is $6,000, about 82% of a year of the New Orleans average premium for that house.
Is flood damage covered by home insurance in New Orleans?
No. A standard New Orleans home or renters policy doesn’t cover flooding. You can buy it through federal flood insurance (NFIP) or a private insurer, and a new NFIP policy usually takes 30 days to start, so don’t wait for a storm warning.
Are New Orleans home insurance rates going up in 2026?
For the house we priced, the New Orleans average fell 3.1% for the same insurers and ZIP codes between Nov. 30, 2025 and Sept. 30, 2026, to $607 a month. Your own renewal depends on your insurer, your home and your claims.
What does renters insurance cost in New Orleans?
Our sample renter, insuring $40,000 of belongings with $300,000 liability, pays an average of $47 a month ($564 a year) in New Orleans across the 4 insurers we compared, without hurricane coverage: our renters price requests didn’t include a hurricane deductible.
What does condo insurance cost in New Orleans?
Our sample condo, with $60,000 of unit coverage and $60,000 for belongings, averages $64 a month ($762 a year) in New Orleans across the 4 insurers we compared, without hurricane coverage: our condo price requests didn’t include a hurricane deductible.
Official resources for New Orleans homeowners
- NOLA Ready flooding guide Covers New Orleans flood risk, a flood risk tool and why flood insurance is separate from homeowners and renters policies.
- Louisiana Department of Insurance Consumer help, complaints and licensed insurers. Consumer line: 800-259-5300.
- Fortify Homes Program Roof grants and new-round announcements.
- Louisiana Citizens Property Insurance Corporation Coverage of last resort.
- National Association of Insurance Commissioners: homeowners guide Coverage basics and the 80% rule.
- FEMA Flood Map Service Center The official source for FEMA flood maps.
- FloodSmart FEMA’s site for the National Flood Insurance Program.
How we calculated these prices
We priced the same house with 3 major insurers, and the same apartment and condo with 4 insurers each, in each of the 18 New Orleans ZIP codes in our data, using licensed insurance rate data from Quadrant Information Services, with rates as of Sept. 30, 2026. Each New Orleans figure is the average of the ZIP-code averages, and monthly figures are yearly figures divided by 12. These are sample prices for one example home, renter and condo, not quotes or offers.
Full details
The homes we priced
- Home (HO-3, a standard homeowners policy): Our sample home is a 2,000-square-foot, two-story wood-frame house with a composition roof, built in 1997, insured for $300,000 with $150,000 for belongings, $300,000 liability and a $1,000 deductible for covered losses other than a hurricane. Our home price requests also set a 2% hurricane deductible, the same setting in every state. The owner is 40, single, has good credit and no claims in 10 years.
- Renters (HO-4, a renters policy): Our sample renter lives in an apartment built in 2005 and insures $40,000 of belongings with $300,000 liability and a $1,000 deductible. The renter is 40, single, with good credit and no claims.
- Condo (HO-6, a condo unit-owner policy): Our sample condo is a 2,000-square-foot unit in a building built in 2005, with $60,000 of coverage for the unit, $60,000 for belongings, $300,000 liability and a $1,000 deductible. Same owner profile as the home.
- All three are in protection class 3 (a fire-protection rating), 1,000 feet from a hydrant and 3 miles from a fire station, with the distance to the coast set at 10 miles in every state’s price requests, so differences between ZIP codes come from how each insurer prices that ZIP code. Our renters and condo price requests didn’t include a hurricane deductible, so those prices leave out hurricane coverage, a large part of the cost on the coast; the home prices include the 2% hurricane deductible.
How the averages work: for each insurer and ZIP code we used its lowest eligible price, averaged the insurers in each ZIP code, then averaged the ZIP codes, so every ZIP code counts the same. Percentages are worked out before rounding, so they can differ slightly from the rounded dollars shown. The price change compares the same insurers in the same ZIP codes on Nov. 30, 2025, and Sept. 30, 2026.
Which insurers we name: we don’t name a lowest-priced insurer when its lead over the next one is more than 30%, or when it was priced in fewer than 90% of a place’s ZIP codes, and we show the average without any insurer priced at more than twice the others. Each section says which insurer, if any, passed these tests for that line. We also never name an insurer that sells only to members, such as USAA (military families only) or an AAA insurer, and when the two lowest are within 5% of each other we call it a near tie.
Sample: Home: 54 sample prices from 3 insurers across 18 ZIP codes. Renters: 72 from 4 insurers. Condo: 72 from 4 insurers. New Orleans here means the 18 ZIP codes in our rate data whose main post-office city is New Orleans, in Orleans Parish and Jefferson Parish.
Insurer notes: we review every note an insurer attaches to a price before publishing, with the same rules as our Louisiana page.
- Allstate’s home prices in all 222 Louisiana ZIP codes in our data (New Orleans’ included) are left out: the quote tool returned a note saying the company isn’t taking new business there, so we left them out.
Comparisons: the other cities, Louisiana and the 292 U.S. cities in our data use the same method and rates; the 50-states-and-D.C. figure averages each state’s average and D.C.’s.
Sources for local facts: National Weather Service, City of New Orleans, Louisiana Department of Insurance, Louisiana Citizens Property Insurance Corporation, National Association of Insurance Commissioners, FEMA, Insurance Information Institute.
Rates as of Sept. 30, 2026; price changes compare prices as of Nov. 30, 2025.
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Autumn Cafiero Giusti is a licensed life and health insurance broker and award-winning journalist with more than 20 years of experience. She writes extensively about flood, Medicare, home, and life insurance for publications like U.S. News and CBS News.
