Homeowners insurance rates are going down but they could be better
Are you paying too much for Home Insurance?
Call us 504.348.3131 to discover if you are paying too much.
How much does Marrero Homeowners Insurance cost?
House Details:
1200 square foot
Brick
Hip Roof
Built 1978
Roof Replaced Hurricane Ida 2021
Estimated Cost to Rebuild 280,000
| Dwelling | 280,000 |
| Other Structures | 14,000 |
| Contents | 56,000 |
| Loss of Use | 56,000 |
| Liability | 300,000 |
| Deductible | 2500/3% Wind/Hail |
| Rate | $2,933 – $3790 |
*rates are subject to, but not limited to, credit worthiness, home construction features, claims history
Start Saving today on Marrero Homeowners Insurance
Home insurance
The Marrero Homeowners Insurance Challenge: Why Premiums are High
First, it’s important to understand the broader context. Louisiana consistently ranks as one of the most expensive states for homeowners insurance.
The state’s average annual premium can be over $4,000—more than double the national average.
This is a direct result of:
Hurricane Risk: The sheer frequency and intensity of storms that make landfall in the Gulf of Mexico mean that insurance companies face a high probability of massive payouts.
Reinsurance Costs: To protect themselves from catastrophic losses, insurers buy their own insurance, known as reinsurance.
The cost of this reinsurance has skyrocketed due to the increased severity of storms, and those costs are passed directly on to homeowners.
Rising Construction Costs: The cost of labor and building materials has increased, meaning it’s more expensive to repair or rebuild a home after a storm. This drives up the replacement value of homes and, in turn, the cost of coverage.
Ready to get started saving on Home Insurance?
Call us Now at 504.348.3131
