Most people are not surprised that the southern U.S. state of Louisiana has the highest average home owner insurance rates.
With a population of 4.4 million, Louisiana is directly in the path of hurricanes and tornadoes that come in off its southern shores on the Gulf of Mexico.
Hurricane Katrina alone caused more than US$81 billion in damages to southeastern states back in August of 2005. Now the huge BP oil spill risks even more harm to residential and business properties in Louisiana.