Best cheap homeowners insurance in Baton Rouge

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Homeowners insurance is more affordable in Baton Rouge than it is in the rest of the state, based on Bankrate’s study of quoted annual premiums, with the average cost of home insurance in Baton Rouge costing $1,599 per year for $250K in dwelling coverage, compared to the $1,803 annual rate that the average Louisiana home insurance policy costs. The state is frequently subject to extreme weather, like tornadoes and hurricanes. Some of the worst storms in the country have affected residents in Louisiana, which is why Baton Rouge homeowners are highly encouraged to have adequate home insurance coverage for financial protection.

To find the best home insurance in Baton Rouge, we compared providers on the basis of average rates, coverage and customer satisfaction ratings from J.D. Power’s 2020 U.S. Home Insurance Study. Based on the latest available data, these are the best cheap home insurance companies for your Baton Rouge homeowners insurance policy.

Best cheap home insurance companies in Baton Rouge

We used the latest data and figures to determine which of the largest providers by market share in Louisiana offer the best price, and were the best companies based on coverage options, discounts, customer satisfaction and availability. These are the average rates and J.D. Power ratings for the best cheap home insurance companies in Baton Rouge.

Home insurance company Average annual premium for $250k dwelling coverage J.D. Power score
State Farm $1,247 829/1,000
USAA $1,538 889/1,000
The Hanover $1,554 Not rated
Allstate $1,986 829/1,000

State Farm

State Farm may be a great choice for homeowners who want the flexibility to customize coverage. In addition to standard coverage of an HO-3 policy, homeowners could choose from personal articles insurance, manufactured home insurance, coverage for farms and ranches and even pet insurance. State Farm also offers extra liability coverage through either a personal liability umbrella or business and professional liability insurance. To help you save on State Farm’s already-competitive rates, look into multiple line, home security and roofing discounts, as well as the option for higher deductibles.

Learn more: State Farm Insurance Review

USAA

USAA is an exclusive provider for active duty military and veteran insurance, which extends to homeowners insurance. Homeowners can choose from loss of use, home sharing, personal liability, separate structures and earthquake insurance to supplement your standard home insurance policy. USAA offers several discounts to help you save, like bundle and save, home security and claims-free discounts, in addition to the choice of a higher deductible. The company also holds the highest score from J.D. Power for customer satisfaction, even though eligibility requirements make it technically rank-ineligible.

Learn more: USAA Insurance Review

The Hanover

The Hanover is not rated by J.D. Power, with the study focusing on some of the larger insurance companies. However, The Hartford may still be a great choice for homeowners who are considering comprehensive coverage. There is high-value coverage available, plus service line, water backup and guaranteed replacement cost coverage to round out your home insurance protection. To help you save on premiums, The Hanover offers a special bundle discount, as well as the deductible dividend program, which could save you up to $500 over a few years.

Learn more: The Hanover Insurance Review

Allstate

With its welcome and new homebuyer discounts, Allstate can be a great choice to explore for inexperienced homebuyers. Allstate offers the option to add extra protections like personal umbrella, flood (through the National Flood Insurance Program or NFIP), and manufactured/mobile home insurance. Allstate also offers home-sharing and Airbnb insurance through its HostAdvantage® program. You can earn extra savings through multi-policy, claims-free, and early signing discounts, with an Easy Pay Plan® to simplify the payment process.

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 extreme flooding. To be financially prepared for these events, consider the following coverage options and how they might benefit you.

  • Hurricane insurance: The average home insurance policy does not provide all of the coverage you need for a hurricane, but you may be able to add a separate hurricane insurance deductible, or you can purchase a separate flood policy.
  • Tornado coverage: The average home insurance policy typically covers tornado damage under dwelling and personal property coverage. However, you may need to add loss of use coverage to pay for any expenses incurred, should you be temporarily displaced.
  • Flood insurance: Flood insurance is typically sold as a separate form of protection. Some private companies offer this coverage, while others may require you to purchase a separate policy from the NFIP.

Home insurance discounts in Baton Rouge

With all of the extra coverage you might need to account for, discounts can help lower the cost of your homeowners insurance policy. These are some of the best discounts offered by Baton Rouge insurers to help you save on your insurance premiums.

  • Customer discounts: You could receive extra savings when you have a good credit score, are a new homebuyer, a senior citizen or a member of the military.
  • Payment discounts: Many insurance companies may offer payment discounts when you pay in full, renew early or opt for paperless.
  • Bundle discounts: You can save extra money when you bundle your home and auto insurance with the same provider, but there are other bundle discounts for condo, renters, life or health insurance that you may also qualify for.

Discounts are especially important in Baton Rouge where you may need more coverage than the average homeowner. To help offset extra insurance costs, be sure to ask your insurance provider about what kind of homeowners insurance discounts you might be able to take advantage of and lower your rate. From new roof discounts to exclusive new homebuyer savings, you could reduce your premium by quite a bit when you leverage the right discounts.

Frequently asked questions

What is the best home insurance company in Baton Rouge?

The best homeowners insurance companies in Baton Rouge vary for everyone based on the highly personalized rate factors that are used to calculate cost, such as the type of home you have, your specific ZIP code, your claims history and your credit score.

How much does home insurance in Baton Rouge cost?

The average Baton Rouge homeowners insurance policy costs $1,599 per year for $250K dwelling coverage.

How much home insurance do I need in Baton Rouge?

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.

Methodology

Bankrate utilizes Quadrant Information Services to analyze 2021 rates for all ZIP codes and carriers in all 50 states and Washington, D.C. 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.