Best Life Insurance Companies in Baton Rouge, LA for 2023

Life insurance ensures the financial security of your loved ones if you pass away. To find the best life insurance company in Baton Rouge, you should compare rates from different providers.

MoneyGeek identified the best life insurance providers in Baton Rouge based on your age, gender and smoking history to help you get started.

Your life insurance rate will be impacted by your gender and coverage level. For a policy with a $250K coverage limit, MassMutual offers the lowest average rates in Baton Rouge. Men and women pay $10 and $9 per month, respectively, for policies from this provider.

Although buying a policy with a $250K coverage limit is less expensive, it may not be enough to cover your beneficiaries. Purchasing a policy with the state’s recommended coverage amount of $632K, should provide sufficient coverage based on state-specific data like average age, cost of living, income and personal debt.

With monthly premiums averaging about $16 for men and $14 for women, MassMutual offers life insurance in Baton Rouge at the most competitive rate for the state’s recommended coverage amount of $632K.

The cost of life insurance in Baton Rouge varies based on gender. On average, men and women pay 3% and 5% less, respectively, for life insurance than the average cost of life insurance in Louisiana.

​​For a policy with a $250K coverage limit, the typical monthly life insurance rate in Baton Rouge for men is $18, while women pay $16. The cost of your monthly insurance rate will increase if you opt for a policy with Louisiana's recommended coverage amount. This amount was based on age, mortgage debt, personal debt and per capita income from the U.S. Bureau of Economic Analysis.

In Louisiana, a policy that includes the state’s recommended coverage amount of $632K will cost approximately $37 per month for men and $30 per month for women. Meanwhile, regardless of coverage level, a 10-year term insurance policy costs an average of $24 per month for men and $20 per month for women.

Life insurance policy costs were determined by gathering 10-year term quotes from major life insurance companies in Baton Rouge using average buyer profile statistics, including the average age of 30, the average weight of 205 pounds for males and 162 pounds for females, and an average coverage need of $632,000.

Based on their respective market shares of 10%, 8% and 7%, New York Life, State Farm and Northwestern Mutual are the top-three life insurance providers in Louisiana. The top seven companies comprise 39% of the market in the state.

The MoneyGeek infographic shows the top seven life insurance providers in Louisiana along with their market shares.

For young people in Baton Rouge, the average cost of life insurance is between $14 and $30 per month. The following two life insurance companies in Baton Rouge offer the cheapest life insurance for young people in the city:

• Mutual of Omaha: $14 per month
• MassMutual: $15 per month

Additional life insurance quotes in Baton Rouge for young people are shown in the MoneyGeek table below.

Rates were determined by analyzing quotes for a 25-year-old male non-smoker in Baton Rouge who is 5 feet 10 inches and 174 pounds that purchases a 20-year term contract at the average coverage need of $250K. We chose a 20-year term to provide a longer coverage period for a younger buyer.

Life insurance rates in Baton Rouge for seniors vary from $37 to $77 per month. The top two life insurance companies in the area that cater to seniors are as follows:

• MassMutual: $37 per month
• Mutual of Omaha: $42 per month

The MoneyGeek table below provides additional details on the top life insurance companies for seniors in Baton Rouge.

Rates were determined by analyzing quotes for a 60-year-old male non-smoker in Baton Rouge who is 5 feet 10 inches and 205 pounds that purchases a 10-year term contract at the average coverage need of $75K.

The average monthly life insurance premium for smokers in Baton Rouge is between $101 and $192. The most affordable premiums are offered by the following Baton Rouge life insurance companies:

• MassMutual: $101 per month
• State Farm: $101 per month

The MoneyGeek table below includes more details on the Baton Rouge life insurance companies that are most economical for smokers.

Rates were determined by analyzing quotes for a 30-year-old male smoker in Baton Rouge who is 5 feet 10 inches and 205 pounds that purchases a 20-year term contract at the average coverage need of $632K. If you are a smoker, we suggest buying a longer-term (20-year) policy to provide longer coverage as rates for smokers increase dramatically as you age.

MoneyGeek determined the recommended life insurance coverage by factoring in per capita income from the U.S. Bureau of Economic Analysis, average mortgage debt, average personal debt and average age. Keep in mind that each buyer is unique and may need more or less coverage depending on their specific circumstances.