Best cheap homeowners insurance in Baton Rouge
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Residents of Baton Rouge and the greater state of Louisiana are no strangers to natural disasters. Having adequate homeowners insurance protection may help provide financial protection to repair or rebuild your home in the event of a covered peril. Baton Rouge homeowners pay, on average, $1,627 per year for $250K in dwelling coverage. This is less than the annual average for Louisiana, which is $2,009 for $250K in dwelling coverage.
After comparing dozens of carriers, Bankrate found that some of the cheapest home insurance carriers in Baton Rouge include ASI Progressive, State Farm and USAA. These carriers offer average homeowners insurance premiums below the average annual rate for the Capital City.
Best cheap home insurance companies in Baton Rouge
According to data provided by Quadrant Information Services, the best cheap home insurance companies in Baton Rouge include ASI Progressive, State Farm and USAA. In addition to price, we evaluated providers based on coverage options, discounts, availability and customer satisfaction scores from the J.D. Power Home Insurance Study.
To help you narrow down your shopping choices, you might consider the Bankrate Score, which is based on a 5-point scale and takes into consideration all these factors. Below are the average rates for the best cheap home insurance companies in Baton Rouge.
|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.
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 lowest Bankrate Score of just 2.8, 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 California and Texas, that has had $50 billion or more in damages from natural disasters since 2018, 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
The best homeowners insurance companies in Baton Rouge may vary for everyone based on the highly personalized rate factors that are used to calculate cost, your home specifics, your ZIP code, your claims history and your credit-based insurance score.
Although parts of Baton Rouge are at low risk for flooding, it may be a good idea to purchase flood insurance. Even some homes in low risk areas saw damage from flooding in August 2016, which may be one reason there has been a rise in flood insurance purchases in the Capital City. 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.