Orlando Harmon
USAA is a highly rated insurance company that offers affordable rates and excellent coverage for its customers. It is only available to military and veterans and their families. USAA offers homeowners insurance in all 50 states and Washington, D.C. and is considered one of the best homeowners insurance companies in Louisiana.
| Characteristics | Values |
|---|---|
| Customer satisfaction | High |
| Affordability | Affordable |
| Availability | Available in all 50 states and Washington, D.C. |
| Eligibility | Military, veterans and their families |
| Discounts | Bundling, Claims-Free, Loyalty, Protective Device, Connected Home |
| Coverage | Dwelling, Home Protector, Replacement cost, Earthquake insurance, Water and sewage backup, Home-sharing and renting |
| Exclusions | Earthquake damage, Water or sewage backing up through outside plumbing |
| Louisiana | One of the cheapest homeowners insurance companies in Louisiana |
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$11.89 $14.55
What You'll Learn
USAA offers affordable homeowners insurance in Louisiana
USAA's homeowners insurance premiums are generally in the middle to lower range compared to other insurers. For example, for $300,000 of dwelling coverage, the base cost of coverage with USAA is $193.44 per month, below the national average of $231.39. USAA also offers various discounts and ways to save on your premium, such as bundling your home and auto policies for a 10% discount, claims-free discounts of up to 15%, loyalty discounts of up to 5%, and protective device discounts of 5% for fire alarms or monitored home security systems.
USAA's homeowners insurance is highly rated by customers for its value, customer service, and claims handling. It is consistently named the best insurance company for military members and veterans, with some of the lowest home insurance rates available for those who qualify. However, it is important to note that USAA's insurance is only available to military personnel, veterans, and their families.
In Louisiana, USAA is one of the cheapest homeowners insurance companies, according to Bankrate's research. This is due in part to the high cost of claims from severe weather, particularly hurricanes, which has contributed to the increase in Louisiana home insurance rates. Despite this, USAA continues to offer affordable coverage in the state, making it a great option for eligible individuals seeking homeowners insurance in Louisiana.
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USAA's eligibility requirements for homeowners insurance
USAA homeowners insurance is highly rated and affordable, but eligibility is restricted to military members, veterans, and their immediate families. This includes spouses, widowers or widows, and divorced partners, as long as they haven't remarried and were a member during their marriage. Grandchildren can also qualify if their parents and grandparents are USAA members.
USAA homeowners insurance is available in all 50 states and Washington, D.C. The company offers standard coverages, including dwelling coverage, which covers the cost of rebuilding your home and any attached structures in the event of a total loss. USAA's Home Protector coverage increases dwelling coverage by 25% and covers repairs to other structures on your property, such as sheds, fences, and driveways.
USAA also offers replacement cost coverage as standard, which means they do not factor in depreciation when evaluating a claim. Earthquake insurance and water or sewage backup coverage are available as add-ons. Additionally, USAA offers various discounts on homeowners insurance policies, including bundling, claims-free, loyalty, protective device, and connected home programs.
While USAA has affordable rates, it may not always be the cheapest option. The cost of homeowners insurance depends on various factors, including credit score, claims history, property loss history, home age, and location.
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USAA's replacement cost coverage
USAA offers replacement cost coverage as standard, which most insurers offer only as an add-on. This means that USAA does not factor in depreciation when evaluating a claim. This coverage typically applies to two main parts of your homeowners policy:
Dwelling coverage
This is the amount your insurer will pay to rebuild your home in the event of a total loss. This will include your primary home and anything attached to it, such as a garage, deck, or porch. When you add USAA's Home Protector coverage, dwelling coverage can be increased by 25%. This coverage will help repair other structures on your property, including sheds, fences, and driveways.
Personal property coverage
This covers your belongings. This coverage will replace your damaged property with new items of similar kind and quality, without deducting for depreciation. USAA includes replacement cost coverage for personal property as standard; that’s an endorsement with most companies.
USAA also includes special coverage for military members at no additional cost. Personally-owned military gear and clothing are covered with no deductible for losses while on active or reserve duty.
Calculating your home replacement cost
Your home's replacement cost, or dwelling coverage limit, is a key part of your homeowners insurance. This amount, chosen when you set up your policy, covers the cost to repair or rebuild your home if it's damaged or destroyed. Unlike market value, which reflects location and real estate trends, replacement cost is based on current labor and material prices. To calculate your home replacement cost, multiply the square footage of your home by the average per-foot rebuilding cost for your area. Your area's local rebuild costs can usually be found on the websites of local construction companies or by contacting a contractor.
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USAA's discounts for homeowners insurance policies
USAA homeowners insurance is only available to military personnel, veterans, and their families. It is highly rated and offers affordable rates, with premiums ranging in the middle to lower end of the spectrum. USAA provides an affordable premium for excellent coverage, with a few added perks, making it an excellent option for eligible individuals.
USAA offers various discounts for its homeowners insurance policies, including:
- Bundling: If you bundle your home and auto policies, you can save up to 10% on your USAA homeowners insurance. You can save an additional 5% by bundling other products like umbrella, life, renters, or banking.
- Claims-Free: You can save up to 15% if you have had no claims over the past five years.
- Loyalty: After three years of maintaining a property policy, USAA offers a loyalty discount of up to 5% off your policy.
- Protective Device: If you have a fire alarm or monitored home security system, you could qualify for a 5% discount. USAA tends to offer greater discounts to customers who can prove their homes are protected against both intrusions and fires.
- Connected Home: USAA operates a Connected Home program that installs smart devices to detect smoke or water leaks. Enrolling in this program and installing approved devices might earn you up to a 7% discount.
Other factors that can affect the annual cost of home insurance include your credit score, claims history, your property's loss history, your home's age, and location.
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USAA's high customer satisfaction
USAA homeowners insurance is available in all 50 states and Washington, D.C. It is also one of the companies that offer homeowners insurance in Louisiana.
USAA is consistently named the best insurance company for military members. It has high ratings with J.D. Power and every other agency, and it also has the best possible financial rating from AM Best, an A++. USAA has a stellar reputation and is generally known for its affordable rates. Its homeowners insurance premiums range in the middle to lower end of the spectrum. For $300,000 of dwelling coverage, the base cost of coverage with USAA is $193.44 per month, which is below the national average of $231.39.
USAA offers many standard homeowners insurance coverages, including dwelling coverage, which is the amount your insurer will pay to rebuild your home in the event of a total loss. When you add USAA’s Home Protector coverage, dwelling coverage can be increased by 25%. This coverage will help repair other structures on your property, including sheds, fences, and driveways. USAA also offers replacement cost coverage as standard, which most insurers offer only as an add-ons. This means that USAA doesn’t factor in depreciation when evaluating a claim.
USAA offers several discounts for its homeowners insurance policies. If you bundle your home and auto policies, you can save up to 10% on your USAA homeowners insurance. You can also save an additional 5% by bundling other products like umbrella, life, renters, or banking. You might save up to 15% if you have had no claims over the past five years. After three years of maintaining a property policy, USAA can reward your loyalty with up to 5% off your policy. If you have a fire alarm or monitored home security system, you could qualify for a 5% discount. USAA operates a Connected Home program that installs smart devices to detect smoke or water leaks. Enrolling in this program and installing approved devices might earn you up to 7% in savings.
USAA home insurance policyholders report high levels of satisfaction with the company’s value, customer service, claims handling, and overall satisfaction. It is highly recommended and seen as trustworthy, and outperforms competitors like State Farm and Allstate when it comes to overall customer satisfaction, ease of service, and policy offerings.
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Frequently asked questions
Yes, USAA offers homeowners insurance in Louisiana.
The cost of USAA homeowners insurance in Louisiana is dependent on several factors, including credit score, claims history, the property's loss history, the home's age and location, and more. USAA insurance rates are generally below average.
According to Bankrate, USAA is one of the cheapest homeowners insurance providers in Louisiana, along with Armed Forces and State Farm. USAA is also highly rated and consistently named the best insurance company for military members.
To be eligible for USAA homeowners insurance, you must be a member of the military, a veteran, or a family member of someone in the military.
