The third-largest city in Louisiana, Shreveport offers its residents many cultural and entertainment opportunities. Tax incentives offered by the state coupled with Shreveport’s lovely architecture and appearance have drawn in a number of filmmakers. In fact, so many motion pictures have been filmed here that it is known as “Hollywood South.” Of course, you don’t have to go to the movies to experience this town’s beauty if you call it home. And if you do, be sure to cover the investment you have made in your residence with a Shreveport, LA homeowners insurance policy.
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Cost of Homeowners Insurance in Louisiana
- National yearly premium average: $1,211
- Louisiana yearly premium average: $1,968
- The most expensive premium in the US
Home insurance rates in Louisiana rose a bit following the destruction caused by Hurricane Katrina. Of course, insurance rates can vary significantly from one policy to the next so these averages should be taken for what they are: averages. Your particular rates will depend on a number of factors such as the amount of coverage you purchase, the value of your home and the crime rate in your specific ZIP code. To ensure that you are getting your policy at a fair rate, you should compare quotes from at least three insurance providers.
Is Shreveport Homeowners Insurance Necessary?
Homeowners insurance policies protect you from financial losses that can accompany property crimes, fire, weather damage, and liability claims. If you have a mortgage on your home, your mortgage lender will require you to carry a homeowners insurance policy. Once you own your home outright, this insurance coverage becomes optional, but with so much invested in your residence, it would be foolish to forg it.
Number of Thefts in Louisiana:
- National number of burglaries: 37,814
- Louisiana number of burglaries: 41,184
Property crimes can cause financial strain. There are many different types of property crimes including arson, vandalism, burglary and auto theft. When a property crime affects your home, you can rest assured that your Shreveport homeowners insurance policy can compensate you for the financial costs associated with the loss of property and the repair of damage. The type of theft that most affects homeowners is burglary and in Shreveport, burglary is a very real threat. Residents are strongly advised to have and use deadbolt locks on all outside doors and, when possible, to secure their homes with a burglar alarm system. Doing so can even earn you discounts on your home insurance policy.
Number of Disasters in Louisiana
- Number of recorded disasters in Louisiana: 90
- Number of tornadoes in Louisiana per year: 37
- Amount of property damage in Louisiana: $10,240,000
- 1 in 15 insured homes has a claim each year
Weather and natural disasters can lead to significant property damage to your home. Shreveport’s residents are most at risk of damage caused by tornadoes, hurricanes, tropical storms and floods. Occasional flood damage is reported in the Shreveport area. Frequently, this is caused by the heavy downpours that accompany a tropical storm. Shreveport homeowners insurance will not cover you against damage caused by floods so you may want to give serious consideration to purchasing a flood insurance policy as well. A comprehensive homeowners policy coupled with flood insurance can shield you from the many catastrophes that can threaten your home.
Start Comparing Shreveport Home Insurance Rates Today
Homeowners insurance policy rates can vary significantly from one insurer to another. Insurance experts recommend that you review the policies and rates of at least three insurance companies before choosing the policy that is right for you. While one policy may cost less than another, it may require you to purchase several endorsements to achieve full coverage while the more expensive policy may not. You need to carefully compare all policies and that is why working with an independent insurance agent can be so helpful.
A local member agent can provide you with a variety of competitively priced policies and can help you review the coverage offered by each. Every independent agent in the network has signed a pledge to provide customers with exceptional service and ethical advice. Find out what our agents can do for you.
Contact an agent near you today to receive a selection of Shreveport home insurance quotes.