The Cheapest and Best Homeowners Insurance in Baton Rouge
The Cheapest Home Insurance Companies in Baton Rouge
The majority of Baton Rouge insurance providers provide the same fundamental coverages for home insurance policies. As a result, pricing is an essential factor to consider when choosing a home insurance policy.
Based on a policy that offers $100,000 in basic dwelling coverage, the following two companies provide the cheapest home insurance in Baton Rouge:
- Allstate: $686 per year
- State Farm: $926 per year
The cheapest insurance companies in Baton Rouge for luxury houses protected by a $2 million dwelling coverage on the homeowners insurance policy are:
- Statefarm: $9,995 per year
- USAA: $11,273 per year (only serving current and former military members and families)
Note that the level of coverage you select determines the cost of your home insurance policy. Check out the table below to see how your insurance rates in Baton Rouge vary when you adjust the dwelling coverage.
The Cheapest Home Insurance in Baton Rouge, Ranked
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MoneyGeek's sample Baton Rouge home insurance policies provide $100,000 in initial baseline dwelling coverage and $40,000 in personal property limits. Personal property limits increase to $800,000 for plans with $2,000,000 in dwelling coverage. Regardless, the liability coverage for all policies remains $100,000.
Even if you live in another area of Louisiana, you can compare home insurance rates for the state from multiple providers.
The Average Cost of Homeowners Insurance in Baton Rouge for 2021
The average yearly home insurance rate in Baton Rouge is around $1,213 per year or about $101 per month. This is less than Louisiana's average annual homeowners insurance cost of $1,625 and far less than the annual national average of $2,103.
Calculate the Cost of Home Insurance in Baton Rouge
Where you live in Baton Rouge affects the cost of your home insurance policy. Additionally, factors such as your credit score, the amount of dwelling coverage and personal property coverage you purchase will also have an impact. MoneyGeek's home insurance calculator can help you compare quotes from various insurers in your state.
Home Insurance Calculator
These are annual estimates. Get a personalized quote to determine your costs.
The Best Home Insurance Companies in Baton Rouge
When shopping for homeowners insurance in Baton Rouge, cost is generally prioritized. However, you should also consider the customer service experience and financial stability of the companies you're evaluating. You'll almost certainly file a claim if you're in financial trouble. As long as your claim is valid, a financially sound company will be able to process it quickly and fairly.
Based on MoneyGeek’s analysis, the following companies offer the best homeowners insurance in Baton Rouge:
- Best Overall: Allstate
- Runner-up: State Farm
MoneyGeek assigned scores to the companies based on their affordability, customer satisfaction and financial stability.
Allstate reduces your deductible by $100 every claim-free year, up to a maximum deduction of $500. The company makes its policies extra affordable to existing customers and those switching from another insurance company by offering discounted rates for being claim-free.
Allstate, MoneyGeek's top pick, ranked high on MoneyGeek's affordability index. The company's add-on coverage, Claim Rateguard, ensures your home insurance rates won't increase even after you file a claim.Read MoneyGeek's Allstate home Insurance Review
Home systems protection coverage from State Farm is the perfect add-on to safeguard your home systems, such as electrical generation systems or heating and cooling systems. Its exclusive service line coverage will protect against the damages to underground pipes, as well as electric and service lines.
State Farm is MoneyGeek's second-best company with high scores in financial stability. The company allows its policyholders to increase their personal property coverage for high-value items like jewelry and business property.Read MoneyGeek's State Farm home Insurance Review
Cheapest Home Insurance Companies in Baton Rouge for Newly Constructed Homes
In Baton Rouge, insurance for newly constructed homes is much less expensive than insurance for older homes. Newer homes are more resistant to damage since they are designed with the most modern materials. New homeowners are offered lower insurance rates since they are less likely to file claims. Furthermore, it is easier for companies to replace new building materials.
A newly built home in Baton Rouge costs an average of $865 per year to insure, compared to about $1,213 per year for a home built in 2000.
On average, the two cheapest homeowners insurance providers in Baton Rouge that provide $100,000 in dwelling coverage for newly constructed homes are:
- Allstate: $489 per year
- State Farm: $660 per year
The Cheapest Home Insurance in Baton Rouge for New Homes, Ranked
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Cheapest Home Insurance Companies in Baton Rouge if You Have a Lot of Personal Property
Your homeowners insurance policy will cover the structure of your home as well as any personal property you want to insure. Insuring more personal property will result in a higher insurance premium.
A standard home insurance policy with personal property limits of $250,000 will cost Baton Rouge’s residents an average of $1,314 per year. On the other hand, you'll only spend about $1,213 per year for a lower personal property coverage of $100,000.
On average, the two cheapest home insurance providers in Baton Rouge for homes with a $100,000 dwelling coverage and high personal property limits are:
- Allstate: $743 per year
- State Farm: $1,003 per year
Cheap Companies in Baton Rouge for Extra Personal Property Coverage
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Cheapest Home Insurance Companies in Baton Rouge for High Deductibles
The deductible on your homeowner's insurance policy is the amount you must pay out of pocket if you file a claim. Your homeowner's insurance price is also affected by the policy deductible you choose for your home insurance. As a result, rates for an insurance policy with a higher deductible will be lower, and vice versa.
In Baton Rouge, a home insurance policy with a $2,000 deductible costs $1,072 on average, while a policy with a $1,000 deductible costs $1,213, which is a difference of $141.
The following two companies provide the cheapest homeowners insurance in Baton Rouge for homes with a $2,000 deductible, on average:
- Allstate: $607 per year
- State Farm: $818 per year
The Cheapest Companies in Baton Rouge for High Deductibles, Ranked
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Cheapest Home Insurance Companies in Baton Rouge if You Have Poor Credit
Insurance companies will require your credit score in order to offer you an accurate home insurance quote in Baton Rouge. A person with a poor credit score is more likely to file a claim, according to most insurers. This means insurers will quote higher insurance prices for homeowners with poor credit.
A standard homeowners insurance cost in Baton Rouge will be about $1,891 per year if you have a poor credit score. Those with a good credit score, on the other hand, pay an average of $1,213 per year for similar insurance, which is $678 less each year.
On average, the cheapest insurance companies in Baton Rouge for those with poor credit are:
- Allstate: $991 per year
- USAA: $2,071 per year (only serving current and former military members and families)
The Cheapest Companies in Baton Rouge for Poor Credit, Ranked
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Getting Online Homeowners Insurance Quotes in Baton Rouge
When you're seeking home insurance quotes in Baton Rouge online, the insurance provider will want a great deal of information, specifically those mentioned below:
- Home replacement cost: This is the projected cost of restoring your home to its original state if it's damaged in a covered risk. The dwelling coverage for your home insurance is also determined by the replacement cost of your home. A construction specialist, an appraiser or a building contractor can provide you with a home replacement estimate.
- Personal property value: The estimated value of the personal property you want to protect determines the personal property coverage limit in your home insurance policy.
- Personal information: Personal information, such as your home address, insurance claim history, credit rating and the number of people living in your home, are included in this criteria.
- Details about your home: To offer you with a more precise quote, insurers consider information about your home, such as its age, size and built-in safety features.
Homeowners Insurance in Baton Rouge Analysis: Methodology
For this analysis, MoneyGeek used data from Quadrant and compared home insurance quotes from four insurers in Baton Rouge. We considered various levels of home insurance coverage for calculating the affordability score of each company. J.D. Power surveys were also used to determine customer satisfaction scores for each firm.
This study's baseline profile is that of an average homeowner with a 2,500 square-foot home constructed in 2000. The insurance policy on the house includes $100,000 in dwelling coverage, $40,000 in personal property coverage and $100,000 in liability coverage. Each coverage option includes a $1,000 deductible.
We also calculated rates for various scenarios by using profiles of homeowners with newly constructed homes, higher deductibles, poor credit scores and increased dwelling or personal property coverage.
About Mark Fitzpatrick