Farmers Insurance: Navigating Louisiana's Unique Insurance Landscape

Farmers Insurance offers a range of insurance products in Louisiana, including auto, home, condo, and renters insurance. Customers can customize their policies and access quotes through a digital-first experience on the Farmers website and mobile app. Louisiana residents can benefit from competitive pricing and paperless billing, policy, and payment options. The company also provides superior customer service through online chat and phone support, as well as 24/7 self-service access. Farmers Insurance is committed to innovation and streamlining the customer experience, making it convenient for individuals to select insurance that fits their unique needs and lifestyles in Louisiana.

Home insurance

Farmers Insurance offers home insurance in Louisiana, including for homes in New Orleans and Baton Rouge. Home insurance is not required by law in Louisiana, but mortgage lenders will usually require a certain amount of insurance coverage.

Farmers Insurance offers a range of standard coverage options, including:

• Dwelling (Coverage A): This helps pay for damage to your home from a covered event, such as a fire, windstorm, lightning, or hail.
• Other structures (Coverage B): This covers structures that aren't connected to your home, like a fence or shed.
• Personal property (Coverage C): This helps repair or replace stolen or damaged belongings.
• Loss of use, or additional living expense coverage (Coverage D): This helps pay for alternative accommodation if your home is uninhabitable due to covered damage.
• Personal liability (Coverage E): This covers accidental property damage or injuries for which you are legally liable.

Farmers Insurance also offers six add-ons for additional protection:

• Extended replacement cost: Farmers Insurance will pay up to 25% above the original policy limit.
• Guaranteed replacement cost: This guarantees that the full cost of home repairs is covered, even if it exceeds the policy limit.
• Building ordinance or law: This covers damages that are required to be repaired according to laws and building ordinances, even if the item wasn’t damaged during the covered incident.
• Sewer and drain water damage: This covers water damage from a sewer or water backup from a drain or sump.
• Scheduled personal articles: This provides additional coverage for valuable personal items, including firearms, silverware, and jewelry.
• Identity theft protection: Farmers Insurance gives you access to professional services if you're a victim of identity theft.

Farmers Insurance offers nearly 15 discount options for eligible customers in Louisiana, including:

• Affinity: If you are a member, employee, or retiree of a specific business, occupational group, or professional association.
• Multi-policy: You can save by bundling your homeowners insurance with other policies, such as auto, life, or umbrella insurance.
• EPolicy: Available if you enroll in Farmers’ ePolicy and accept the terms of “Go Paperless”.
• UL-approved roofing materials: Available if your home’s roof is made with asphalt or fiberglass shingles approved by Underwritten Laboratories (UL).
• New home: Available if your home is less than 14 years old.
• Protective devices: Available if you install fire alarms, security systems, and internal sprinklers.
• Home safety: Available if you have windows, walls, a roof, or foundation designed to withstand natural disasters, or if you have automatic gas or water shutoffs.
• Green certifications: Available for certain green certifications.
• Claim-free: Available if you are claim-free for three consecutive years.
• Connected home: Available if you have a smart home system that allows you to control and monitor it remotely.
• Rent to own: Available if you have a renters insurance policy through Farmers for over a year and then purchase a home.
• Preferred payment or EFT: Available if you pay your premium in two installments or sign up for a monthly payment plan with autopay.
• Good payer: Available if you regularly pay your bill on time.

The average premium for home insurance coverage in Louisiana is $2,038 per year according to a 2020 report by the National Association of Insurance Commissioners (NAIC). However, insurance costs in most states have likely changed since then. The amount you pay will depend on factors such as the value and age of your home, the amount of personal property you want to cover, the deductible you choose, and risks specific to your area.

Car insurance

While this basic coverage is mandatory, it may not be sufficient for all drivers. Additional coverage options, such as collision and comprehensive insurance, can provide extra protection in case of accidents or vehicle damage. Collision coverage will help pay for repairs to your car if you're in an accident, while comprehensive coverage will protect you in case of damage or loss due to events like theft, fire, or natural disasters.

Farmers Insurance offers a Smart Plan Auto policy in Louisiana, which provides coverage options tailored to individual driving needs. This includes discounts that can help lower the overall cost of insurance. The cost of car insurance in Louisiana can vary depending on factors such as the amount of coverage, driving history, and the type of vehicle. On average, Louisiana drivers paid $1,684 per year for full coverage in 2020, according to the National Association of Insurance Commissioners (NAIC).

In addition to Farmers Insurance, other providers like Louisiana Farm Bureau Insurance also offer car insurance in the state. Louisiana Farm Bureau Insurance has served the communities of Louisiana for over 70 years and provides policies for personal vehicles, motorcycles, ATVs, and RVs. They promote safe driving with their DriveDown program, which allows drivers to lower their deductible by driving safely.

When choosing a car insurance policy in Louisiana, it's important to consider your specific needs and budget. Comparing quotes from different providers, reviewing coverage options, and taking advantage of discounts can help you find the right balance of protection and affordability.

Renters insurance

The cost of renters insurance varies depending on factors such as location, type of coverage, and the value of your possessions. On average, renters insurance costs around $15 a month for $35,000 in coverage limits. However, it can be as low as $4 a month or even $5 a month.

Farmers Insurance offers renters insurance in Louisiana. Their renters insurance can help cover what your landlord’s insurance policy doesn’t, such as furniture, electronics, and other personal belongings.

Condo insurance

Farmers Insurance offers condo insurance in Louisiana. Here is some general information about condo insurance that may be of use to you.

The condo association's master policy often includes the outside structure of the unit. However, you need to protect everything inside your condominium unit. This can include additions, renovations, and upgrades.

The cost of condo insurance depends on various factors, such as location, the cost to replace interior fixtures, and what the HOA's insurance policy provides coverage for. Condo insurance is often more budget-friendly than homeowners insurance.

Home insurance discounts

Home insurance can be expensive, but there are a variety of ways to save money on your premium. Here are some of the most common home insurance discounts:

Customer-related discounts

• Retiree or senior citizen discount: Some insurance companies offer discounts to retirees and seniors who are over a certain age.
• Discount for specific occupations: Some insurance companies offer discounts to people in certain professions, such as teachers or firefighters.
• Military discount: If you're an active-duty or retired member of the military, you might qualify for a discount.

Policy-related discounts

• Multipolicy discount: You could receive a discount for bundling multiple insurance policies, such as home and auto insurance, with the same company.
• Claims-free discount: You might be eligible for a discount if you haven't filed a home insurance claim in a set number of years, usually three to five years.
• Loyalty discount: Some insurers provide policyholders with loyalty discounts if they've been with the company for a certain number of years.
• Payment method discount: Some insurers offer discounts if you set up automatic payments or pay the premium annually instead of monthly.
• Paperless statements discount: You may qualify for a discount by choosing to receive paperless statements.
• Discount for paying on time: Some insurers will give you a discount for paying your premium on time.
• Discount for getting a quote in advance: You might earn a discount by getting a quote days before purchasing a policy.
• Rent-to-own discount: If you have renters insurance with a company and then buy a house, some insurers will offer a discount if you choose them for your home insurance.

Home-related discounts

• Security systems discount: If your home has security features like burglar alarms or a monitored security system, you might be eligible for a discount.
• Home safety features discount: Installing deadbolt locks, reinforced windows, and sturdy roofing can help lower your insurance costs.
• Smart-home discount: Installing smart home devices like video doorbells, window sensors, and smart locks can reduce your premiums.
• Fire safety discount: Homes with fire-resistant materials, sprinklers, and fire extinguishers could qualify for discounts as they reduce the risk of fire damage.
• New or renovated home discount: Newer homes or recently renovated homes may be eligible for discounts as they have up-to-date construction and reduced risk of insurance claims.
• Green home discount: If you've made environmentally friendly upgrades to your home, such as having a LEED-certified home or Energy Star-rated appliances, you could qualify for a discount.
• Nonsmoker discount: Nonsmoking households have a lower risk of fire-related incidents, so insurers may offer discounts if no one smokes inside the home.
• Location-based discount: Living in a safe neighbourhood or gated community can lead to discounts on your home insurance.

Frequently asked questions