Published: May 31, 2023
By: Eliza Stanley, LSU Manship School News Service
Seventeen percent of Louisiana residents say insurance companies canceled their homeowner’s policies last year, according to an LSUsurvey released Tuesday.
And a majority of residents polled say insurance rates are on the rise and are higher than in other states.
In the second of three installments of the Louisiana Survey, conducted by LSU’s Reilly Center for Media and Public Affairs, 63% of homeowner’s insurance policyholders and 54% of flood insurance ones said the cost of coverage has increased in the past year.
Of automobile insurance policyholders, 43% said they pay more compared to the previous year, while only 10% said they pay less.
A majority of participants also said insurance rates are higher in Louisiana than in other states. Sixty-nine percent of the people interviewed said homeowner’s insurance costs more here, 71% said flood insurance costs more and 67% said automobile insurance costs more in Louisiana.
Read more at NOLA.com
LSU Manship School Statehouse Bureau 