Louisiana Homeowners Insurance Rates Rising More Slowly

New data from by the National Association of Insurance Commissioners shows that homeowners insurance premiums in Louisiana remain among the nation’s highest, but are rising much more slowly than they did in the first two years after Hurricane Katrina.

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.