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New Orleans, LA, homeowners pay an average homeowner’s insurance of $1,449 per annum. This translates to about $93 to $126 per month. According to Vhome’s analysis, New Orleans homeowners can save as much as $526 by making use of the diverse discounts provided by home insurance companies.

The average homeowner’s insurance in New Orleans varies by $1,073 to $1,519 based on the age of homes. Newly constructed homes avail discounts of up to $377 as they are less prone to damages. Homes that are older than 50 years can increase homeowners insurance by as much as $70.

New Orleans homes, built using sturdy materials that make them more resistant against damage, earn considerable discounts from home insurance companies. For example, New Orleans homes constructed using fire-resistant materials and superior materials get discounts of $174 and $145, respectively, on their insurance rates. Masonry and brick homes earn a discount of $72, while homes that have a hail resistant roof get a $43 discount.

Home insurance companies provide special discounts to New Orleans homeowners based on their careers. Teachers, federal government employees, active and retired army personnel can avail special discounts on homeowners insurance.

The property crime rate in New Orleans is 43.79 per 1,000 residents, which is higher than the state property crime rate. Home insurance companies tend to provide discounts to New Orleans homeowners who have secured their homes by installing home security systems. New Orleans homes located close to fire stations and police departments can also avail discounts of $43 and $15, respectively.

Home insurance companies provide discounts to homes that are free from mortgage. On the contrary, homes under a mortgage have increased insurance costs. According to a study done by Vhome, New Orleans homeowners who have their homes under a mortgage, pay 6.9% of the housing cost as home insurance, while homeowners whose homes are free from mortgage, pay 23.2% of the housing cost as home insurance.

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