Louisiana Homeowners Insurance Rates Rising More Slowly
The Times-Picayune reports that Louisiana remains the third-most expensive market in the nation for homeowners insurance, behind Texas and Florida. The statewide average premium was $1,430 in 2009, the most recent year for which data is available.
The average rose 9.9 percent in 2006 and 11.4 percent in 2007 _ but only 0.35 percent in 2008 and 1.78 percent in 2009. The 2007 increase was the nation’s largest, and that in 2006 was the third-largest in the country.
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