New Orleans Insurance Rates:

New Orleans, LA home insurance is nearly $1,117 to $1,514, about $93-$126/month. Our complete research shows customers can save upto $526 by getting different quotes

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New Orleans Home Owner Insurance Quotes | Write a Review | Rates & Quotes Analysis
Farmers Insurance
Home Insurance Rate of $250/2 months for $125000-$150000 Coverage
Policy Holder Home Details :

Home Value : $175,000

4 Beds, 4 Baths 2050 sqft Primary Residence Constructed In 1959 with Wood Flooring, Metal Roof, Crawl Space Foundation, Wood siding, Brick Frame. Home Features Include Copper Water Pipes, Deadbolt Locks, Circuit Breaker Electricals and Security by HomeOnly

About Policy Holder:

64 Years old Single Male who has a Full Time Job with household income of more than $150,000 and has 1 Pet and is a Smoker

Additional Details :
  • 0-25% through paying our mortgage

  • 800-850 Credit Score

  • Guests at home

Home Insurance Rate of $380/1 month for $350000-$400000 Coverage
Policy Holder Home Details :

Home Value : $360,000

4 Beds, 4 Baths 2890 sqft Primary Residence Constructed In 1973 with Stone Flooring, Metal Roof, Slab Foundation, Stone Siding, Stucco Construction. Home Features Include Swimming Pool, FuseBox Electricals and Security by Monitoring Company

About Policy Holder:

48 Years old Divorced Male who has a Full Time Job with household income of less than $25,000 and has 2 Pets and is a Smoker

Additional Details :
  • 50-75% Mortgage Paid off

  • Up to 499 Credit Score

  • Guests at home

Home Insurance Rate of $1070/6 months for $200000-$250000 Coverage
Policy Holder Home Details :

Home Value : $220,000

3 Beds, 3 Baths 2380 sqft Seasonal Residence Constructed In 1953 with Ceramic Tile Flooring, Shingles Roof, Piers Foundation, Stucco siding, Stucco Construction. Home Features Include Indoor Sprinklers, Deadbolt Locks, Copper Water Pipes, Fire Extinguisher, FuseBox Electricals and Security by Monitoring Company

About Policy Holder:

66 Years old Divorced Female who has a Full Time Job with household income of more than $150,000 and has 3 Pets and is a Non-Smoker

Additional Details :
  • 25-50% Mortgage Paid off

  • 500-549 Credit Score

  • Seniors staying at home

Home Insurance Rate of $380/2 months for $100,000-$125,000 Coverage
Policy Holder Home Details :

Home Value : $140,000

4 Beds, 4 Baths 2055 sqft Primary Residence Constructed In 1979 with Wood Flooring, Metal Roof, Crawl Space Foundation, Vinyl siding, Brick Frame. Home Features Include Indoor Sprinklers, Deadbolt Locks, FuseBox Electricals and Security by HomeOnly

About Policy Holder:

24 Years old Single Male who has a Full Time Job with household income of $50-$75,000 and has No Pets and is a Non-Smoker

Additional Details :
  • 50-75% Mortgage Paid off

  • 500-549 Credit Score

  • Seniors staying at home

  • Guests at home

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New Orleans Rates & Quotes Analysis:

New Orleans Area Estimated House Insurance
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

Insurance rates are influenced by a number of factors including:

  • Year Built: 26,455 Homes (14% of total) built between 1970 to 1979 in New Orleans are paying home insurance between $2,134-$2,154 and varies from Eden Isle (+$134), Belle Chasse (+$67), Metairie (+$32), Arabi (-$53) and Chalmette (-$72).
  • Bedrooms: 35,542 1 bedroom homes (19% of total homes ) in New Orleans are paying about $882 and varies from Eden Isle (+$56), Belle Chasse (+$28), Metairie (+$14), Arabi (-$9) and Chalmette (-$30).
  • Auto Insurance Bundling: 26,680 Households (38% of all households) in New Orleans have 2 vehicles available and when it is bundled with home insurance you can save $263 and differs from Orleans ($263), Arabi ($256), Chalmette ($254).
  • Senior Discounts: 34,547 seniors (more than 55 years) occupied housing units (50% of total) in New Orleans get discounts between $196 to $199. The comparative concessions in proximate regions such as Orleans, Arabi and Chalmette are $197, $192 and $190 respectively.
  • New Homes discounts: New homes such as the 45,610 homes built between 2000 to 2009 in New Orleans can save $263 and similar new home insurance discounts in nearby towns and cities like Orleans, Arabi and Chalmette are $263, $256 and $254 respectively.

New Orleans Homeowners insurance Facts

  • New Orleans, LA has 68,505 owner occupied houses which is 47.6% of all units whereas New Orleans, Arabi and Chalmette have 47.62%, 68.7% and 58.65% respectively.
  • New Orleans, LA homeowners yearly insurance price at $1,316 is 0.72% of the typical house value of $183,800 which is in contrast with 0.72% in New Orleans, 0.9% at Arabi & 0.99% in Chalmette.
  • Homeowners in New Orleans, LA pay 4.79% of their income ($25,000 to $29,999) in insurance whereas homeowners in New Orleans, Arabi and Chalmette pay 4.79%, 4.67% and 4.62% respectively.
  • New Orleans, LA’s insurance is 6.9% of monthly housing costs of $1,590/month, for owners with a mortgage compared to 6.9% in New Orleans, 10.72% at Arabi & 9.6% in Chalmette. But, for households without a mortgage, insurance is 23.2% of costs ($472 in New Orleans, LA) in contrast with 23.23% in New Orleans, 34.27% at Arabi & 34.17% in Chalmette.

New Orleans, LA Home Values & Insurance rates

For example, insurance for 674 Homes (1.0% of total homes ) valued between $50,000 to $59,999 in New Orleans, LA is about $368. Rates in nearby areas in such as St. Tammany, Madisonville, Luling are cheaper by $23, $107, $12 respectively while Chalmette and Meraux are costlier by $140 and $105 respectively for similar homes.

New Orleans, LA Home By Value Total Homes % of Total Average Homeowners Insurance
Less than $50,000 2,870 4.0% $171
$50,000 to $59,999 674 1.0% $368
$60,000 to $69,999 1,181 1.0% $460
$70,000 to $79,999 1,798 3.0% $526
$80,000 to $89,999 2,222 3.0% $605
$90,000 to $99,999 2,691 4.0% $671
$100,000 to $124,999 6,120 10.0% $776
$125,000 to $149,999 6,306 10.0% $973
$150,000 to $174,999 8,447 14.0% $1158
$175,000 to $199,999 5,544 9.0% $1342
$200,000 to $249,999 7,919 13.0% $1605
$250,000 to $299,999 6,229 10.0% $1960
$300,000 to $399,999 7,174 12.0% $2500

Renters Insurance in New Orleans

  • Average Renters Insurance in New Orleans :  $161($13/month)

  • Median Gross Rent in New Orleans :  $922

  • New Orleans Renters Insurance to Median Rent Ratio:  1.41%

  • Renter occupied housing units in New Orleans :  75,346

New Orleans Renters Insurance as a Percentage of Rent

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

Rent Affordability in New Orleans:

Approximately 59.0% (44,651) of households are spending more than 35% of their income on gross rent in New Orleans

Occupied units paying gross rent Total Households % of Total
Less than 15.0 percent 6,120 8.0%
15.0 to 19.9 percent 5,938 7.0%
20.0 to 24.9 percent 6,678 8.0%
25.0 to 29.9 percent 6,368 8.0%
30.0 to 34.9 percent 5,591 7.0%
35.0 percent or more 44,651 59.0%

Protective device discount in New Orleans Up to :  $24

Claims-free discount in New Orleans Up to :  $32

New Orleans, LA Home Insurance by Zip Code

Zip Code Median Home Value Median Homeowners Insurance
70124 $323,400 $1,430
70115 $297,500 $1,420
70130 $291,300 $1,430
70118 $268,200 $1,420
70125 $247,700 $1,380
70112 $242,500 $1,380
70116 $224,000 $1,380
70119 $189,600 $1,340
70131 $171,600 $1,330
70122 $162,500 $1,320
70128 $159,700 $1,300
70113 $156,800 $1,310
70127 $154,700 $1,310
70126 $149,600 $1,290
70114 $135,000 $1,300
70129 $135,000 $1,300
70117 $132,500 $1,290