Most La. homeowners face hike in flood insurance premium - FOX 8 WVUE New Orleans News, Weather, Sports

Most La. homeowners face hike in flood insurance premium

Updated:
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New Orleans, La. - Most people in southeast Louisiana are paying more for flood insurance compared to last year.

According to our partners at CityBusiness, people in unincorporated parts of Jefferson and St. Charles Parishes are seeing the biggest hikes in premiums.  Right now, policies in those parishes cost about $30 more than they did a year ago.

The only parishes to see drops in the average premium price are St. Tammany and St. James.

Here's how the parishes measured up:

  • Orleans: 88,402 policies at an average of $880.96, more than the $880.03 average in August and the $871.08 a year ago.
  • Plaquemines (unincorporated areas only): 6,025 policies at an average of $788.67, more than the average of $786.68 a month earlier and $782.22 in 2011.
  • Jefferson (unincorporated areas only): 96,086 at an average of $776.77, more than the month-ago figure of $773.71 and the $746.17 a year earlier.
  • St. Charles (unincorporated areas only): 11,860 at an average of $724.26, up from the August average of $721.97 and the year-ago figure of $691.95.
  • St. John: 6,305 at an average of $661.08, more than the $659.73 average a month earlier and the $649.05 in 2011.
  • St. Bernard: 11,908 policies for an average policy of $609.51, more than the $607.24 average in August and the $593.14 a year earlier.
  • St. Tammany (unincorporated areas only): 35,332 policies at an average of $548.04, up from the $547.78 August average but down from the $553.09 in 2011.
  • St. James: 812 at an average of $414.36, nearly equal to the month-ago average of $414.39 but up from the year-ago figure of $411.72. 
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