Home Insurance in Shreveport, LA
Find the right kind of home insurance in Shreveport, Louisiana, so that your house and belongings are protected.
Founded in 1836 by Captain Henry Shreve, Shreveport, Louisiana, is a vibrant city with a lively culture. The city was once referred to as the "Hollywood of the South" by the New York Times due to a long list of blockbuster films using it as a location. It is the third largest city in the state, and homeowners looking for home insurance in Shreveport must consider the unique things about this region when shopping for coverage.
The city's 180,153 people enjoy the mild winters and generally warm temperatures throughout the year. The population is diverse, with more than half of the people in the city identifying as African American. Homeownership in this city stands at 52.9%, with median property values at $155,000. The unemployment rate for this area is 3.7% as of September 2023.
Shreveport's close proximity to the Red River means the residents are at risk of severe floods and damage to their homes. Summer heat may also be something that could cause problems for a home with new record-breaking highs each year. Another hazard of living in Shreveport is the risk of wildfires, which spread easily during summers and falls when there are high temperatures and little rain. Property crime is another risk in Shreveport, with a 1 in 24 chance of becoming a victim.
The average rate for home insurance for Shreveport residents is much more than the national average at $2,415. Some Shreveport neighborhoods closer to the river and in flood zones could pay much more than the city's average rate. These neighborhoods may also be more low-income and have higher crime rates. One way to check rates before purchasing is to use VIU by HUB to compare rates and see what things may impact your home insurance cost.
There are other ways consumers in Shreveport can save money on their home insurance. Investing in home security systems or renovations that protect properties from high winds or water could also mean lower home insurance rates. Newer construction in Shreveport may also have sprinklers or other safety features to prevent wildfires or other mishaps.
As you look over the different options for home insurance via VIU by HUB, you will be able to get a clearer picture of what kind of coverage you will need. At a minimum, your home insurance policy should include dwelling coverage and personal property.
Basic dwelling coverage provides protection for your home's structure. If there is a fire, storm damage, wind damage or some other force that damages or destroys your home, the dwelling coverage could help pay for rebuilding or repair.
Home insurance in Shreveport may also cover the items inside your home. Furniture, electronics, jewelry, appliances, clothing and the other things you own could be covered by a home insurance plan. If there is damage to the home or a burglary, your insurance plan may cover reimbursement or replacement.
In addition to the two basic elements of home insurance, many plans offer coverage for liability if someone gets injured on your property. Flood insurance is usually a good choice in parts of the country that are prone to floods, such as Shreveport. This is an add-on for most home insurance companies.
It's important to make an educated decision about your home insurance in Shreveport. VIU by HUB can help you compare various plans and insurers and get the most for your money.
This information is intended for general informational purposes only and is not intended to constitute legal advice.
