What is the average cost of flood insurance for my home in New Orleans?

I want to buy a home in New Orleans, and I'm seeing some crazy prices for flood insurance. What's the average cost of this insurance in New Orleans?

Answer
“The average cost of flood insurance throughout Louisiana is $726 due to rainfall averages of 60 inches. The occurrence of hurricanes can also impact flood insurance rates.
However, the figures specifically for New Orleans have yet to be compiled and will vary depending on your insurance provider.
If you can pair your flood insurance and home insurance with car insurance, you stand to save money off one of the most expensive states for flood insurance and home insurance in general.
If you’re looking for home and car insurance, use Jerry. A licensed broker that offers end-to-end support, the free Jerry app gathers affordable quotes, helps you switch plans, and even cancels your old policy for you.”
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Eric Schad
Answered on Aug 13, 2021
Eric Schad has been a freelance writer for nearly a decade, as well as an SEO specialist and editor for the past five years. Before getting behind the keyboard, he worked in the finance and music industries (the perfect combo). With a wide array of professional and personal experiences, he’s developed a knack for tone and branding across many different verticals. Away from the computer, Schad is a blues guitar shredder, crazed sports fan, and always down for a spontaneous trip anywhere around the globe.
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