 so that they know, by golly, this has got to be done by October 1st. As insurance rates continue to climb, more and more residents are choosing to drop their homeowners insurance, if they can. CEO of the Independent Insurance Agents of Louisiana, Ben Albright, says homeowner insurance rates were low before multiple hurricanes hit Louisiana in 2020 and 2021, and insurance companies started overcorrecting and overcharging as a result.