The Bankrate promise
At Bankrate, we strive to help you make smarter financial decisions. To help readers understand how insurance affects their finances, we have licensed insurance professionals on staff who have spent a combined 47 years in the auto, home and life insurance industries. While we adhere to strict , this post may contain references to products from our partners. Here's an explanation of . Our content is backed by Coverage.com, LLC, a licensed entity (NPN: 19966249). For more information, please see our .
Home insurance is a significant expense that adds to the cost of homeownership. This is especially true in Louisiana, which faces regular damage from natural disasters such as hurricanes. Home insurance in Baton Rouge, Louisiana costs an average of $1,627 per year for $250K in dwelling coverage, which is slightly less than the national average of $1,428.
Bankrate studied multiple home insurance companies, considering their rates, customer service and other factors to calculate their Bankrate Score. Based on that information, as well as third party ratings from groups like JD Power and rate information provided by Quadrant Information Services, we’ve determined that some of the best cheap home insurance companies in Baton Rouge are ASI Progressive, State Farm and USAA.
Best cheap home insurance companies in Baton Rouge
When generating this list of top cheap home insurance companies in Baton Rouge, we looked at more than just price. We also considered coverage options, availability and third-party ratings, such as customer satisfaction scores from the 2023 J.D. Power Home Insurance Study.
Using all of this information, we’ve produced a Bankrate Score for each of these insurers. This rating, out of a maximum of five points, considers a wide variety of factors and offers a quick insight to the quality of an insurer.
|Home insurance company||Bankrate Score||Average annual premium for $250K dwelling coverage||J.D. Power score|
The cheapest carrier on our list for average home insurance premiums in Baton Rouge is ASI Progressive. This carrier may be a good choice for homeowners searching for basic coverage, as its only optional coverage is water backup coverage. ASI Progressive features several potential discounts that could help you save including advanced quote, new home purchase, paperless policy, paid in full and a single deductible if you bundle home and auto together. Potential customers should note that the carrier earned a below-average score in the J.D. Power customer satisfaction study and has the lowest Bankrate score on our list.
Learn more: ASI Progressive Insurance review
State Farm may be a great choice for homeowners who want the flexibility to customize coverage. In addition to the standard coverage of an HO-3 policy, homeowners may be able to choose additional coverage for replacement cost coverage and inflation adjustment. While State Farm has an above average score with J.D. Power and a high Bankrate Score, the Good Neighbor insurer has few discounts to offer compared to other Baton Rouge home insurance companies.
Learn more: State Farm Insurance review
USAA is an exclusive provider for eligible members of the military and their immediate family members. USAA includes replacement cost coverage in their standard homeowners policy. Plus homeowners may choose additional coverages such as home sharing, earthquake insurance and flood insurance to supplement your standard home insurance policy. The company holds the highest score from J.D. Power for customer satisfaction, though eligibility requirements make it technically rank-ineligible. Potential customers should note that while USAA does offer some discounts, like bundling and protected home, it may not offer as many discounts as other providers on this list.
Learn more: USAA Insurance review
The Hanover is not rated by J.D. Power, likely due to its size compared to other national carriers. However, The Hartford may still be a great choice for homeowners looking for comprehensive coverage at an affordable rate. The company offers high-value coverage, plus endorsements for service line and water backup coverage. To help you save on premiums, The Hanover offers a special bundle discount, as well as potential discounts for a new home and installing safety devices. While it may be right for some, The Hanover earns the second-lowest Bankrate Score of just 3.1, so it could be lacking in features you find important.
Learn more: The Hanover Insurance review
With its welcome and new homebuyer discounts, Allstate may be a great choice for first-time homebuyers. Allstate offers a variety of potential add-on options including coverage for water backup, sports equipment, business property and electronic data recovery. The company also offers home-sharing insurance through its HostAdvantage program. Although the company has the highest average premium on our list, policyholders may be able to earn savings through multi-policy, claims-free and early signing discounts.
Learn more: Allstate Insurance Review
Home insurance coverage options in Baton Rouge
Louisiana homeowners are at particular risk from a host of natural disasters such as hurricanes, tornadoes and flooding. The state is one of three, including Florida and Texas, that has had $50 billion or more in damages from natural disasters since 2020, according to the National Oceanic and Atmospheric Administration (NOAA). To be financially prepared for these events, you might consider the following coverage endorsements to your homeowners policy:
- Water backup coverage: This coverage endorsement may pay for damage caused by sewer backups and sump pump failures that could damage your home.
- Flood insurance: Flood insurance is not included in a standard homeowners insurance policy. Some private companies offer this coverage, while others may require you to purchase a separate policy from the National Flood Insurance Program (NFIP).
- Identity theft coverage: Not all insurance endorsements relate to natural disasters. Identity theft coverage may help pay to restore your identity after a covered fraud.
Home insurance discounts in Baton Rouge
Choosing a company with a low average premium may help you save on your home insurance, but many insurance professionals recommend you also explore potential discounts to further lower your rate. You may want to keep an eye out for these common discounts as you shop for homeowners insurance:
- Safety discounts: Having safety features in your home, such as deadbolts, fire alarms, carbon monoxide detectors and interior sprinkler systems may net you some savings as they may reduce your likelihood of filing a claim.
- Payment discounts: Many insurance companies offer potential payment discounts when you pay in full, renew early or opt for paperless billing.
- Bundle discounts: You may be able to save extra money when you bundle your home and auto insurance with the same provider.
Baton Rouge homeowners may choose to pay a higher premium for flood insurance or other optional coverages. To help offset extra insurance costs, consider asking your insurance provider about what kind of homeowners insurance discounts you might be able to take advantage of. From new roof discounts to new homebuyer savings, you might be able to reduce your premium significantly when you leverage the right discounts.
Frequently asked questions
There is no single best cheap homeowners insurance company in Baton Rouge, Louisiana. The best way to find the right insurer for you is to take the time to shop around and compare quotes. Each insurer will base its offered coverage and rates on highly specific rate factors.
Those rate factors are all about assessing risk. The higher the risk that your home will be damaged and you’ll need to file a claim, the more the insurer will tend to charge. Common rate factors include the value of your home, which can influence the cost of a claim, your ZIP code, which impacts the chances of your home being damaged by natural disaster or crime, and your claims history, which insurers use to gauge the odds that you’ll file claims in the future. Even your credit-based insurance score can play a role.
With the increased impacts of climate change over the past few years, residents in many areas of Baton Rouge have seen their flood risk rise from low to moderate. Buying flood insurance is likely a good idea to help prevent significant losses from future floods.
Flooding has been a common occurrence since a major flood hit the city in August 2016. 2021 saw more floods as nearly 14 inches of rain hit the city and regular flash flood warnings have impacted different parts of the city during storms this year.
Flood insurance is not included in a standard homeowners insurance policy and may be purchased from private insurers or through FEMA’s NFIP program.
There is no minimum amount of homeowners insurance required in Baton Rouge, but you may be required by a lender to purchase a policy that meets specific limits, if you have a mortgage. Regardless, it is always recommended to protect your investment with coverages designed to help avoid a devastating financial loss. By getting and comparing several home insurance quotes, Baton Rouge homeowners can get the coverage they need at the best price.
Bankrate utilizes Quadrant Information Services to analyze 2022 current rates for all ZIP codes and carriers in all 50 states and Washington, D.C. Rates are weighted based on the population density in each geographic region. Quoted rates are based on 40-year-old male and female homeowners with a clean claim history, good credit and the following coverage limits:
- Coverage A, Dwelling: $250,000
- Coverage B, Other Structures: $25,000
- Coverage C, Personal Property: $125,000
- Coverage D, Loss of Use: $50,000
- Coverage E, Liability: $300,000
- Coverage F, Medical Payments: $1,000
The homeowners also have a $1,000 deductible and a separate wind and hail deductible (if required).These are sample rates and should be used for comparative purposes only. Your quotes will differ.
Bankrate Scores are calculated on a five-point scale and primarily reflect a weighted rank of industry-standard ratings for financial strength and customer experience in addition to analysis of quoted annual premiums from Quadrant Information Services, spanning all 50 states and Washington, D.C. We know it is important for homeowners to be confident their financial protection covers the likeliest risks, is priced competitively and is provided by a financially-sound company with a history of positive customer support. To determine how well the best home insurance companies satisfy these priorities, third-party agency ratings from J.D. Power, AM Best, S&P, NAIC, and Moody’s had the most impact on the companies’ Bankrate Scores. As price is a common consideration for homeowners, we analyzed quoted premiums based on 40-year-old male and female homeowners with a home policy with $250,000 in dwelling coverage. This profile, assessed across nearly 35,000 ZIP codes in the U.S., provided a basis on which homeowners may compare each provider.While coverage options, insurer availability, affordability and customer experience are often the top priorities, Bankrate also analyzed each insurer’s online and mobile resources for policy management and claims handling. Insurance is rapidly evolving to keep pace with our digital world, so these aspects also carried weight in determining Bankrate Scores.