Lafayette Insurance Rates:

Lafayette, LA home insurance is nearly $1,101 to $1,493, about $91-$124/month. Our complete analysis reveals consumers can save upto $518 by comparing many quotes

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Lafayette Home Owner Insurance Quotes | Write a Review | Rates & Quotes Analysis
Farmers Insurance
Home Insurance Rate of $1390/5 months for $300000-$350000 Coverage
Policy Holder Home Details :

Home Value : $275,000

4 Beds, 4 Bath 2940 sqft Primary Residence Constructed In 2013 with Hardwood Flooring, Composition Roof, Piers Foundation, Brick siding, Metal Frame Construction. Home Features Include Deadbolt Locks, Fire Extinguisher, Copper Water Pipes, Smoke Alarm, FuseBox Electricals and Security by HomeOnly

About Policy Holder:

68 Years old Divorced Male who has a Part Time Job with household income of $25-50,000 and has 1 Pet and is a Smoker

Additional Details :
  • 25-50% Mortgage Paid off

  • 700-749 Credit Score

Home Insurance Rate of $1270/7 months for $100000-$125000 Coverage
Policy Holder Home Details :

Home Value : $115,000

3 Beds, 3 Bath 1270 sqft Rental Property Constructed In 1994 with Ceramic Tile Flooring, Asphalt Shingles Roof, Crawl Space Foundation, Vinyl siding, Stucco Construction. Home Features Include Swimming Pool, Circuit Breaker Electricals and Security by Monitoring Company

About Policy Holder:

73 Years old Divorced Male who is Unemployed with household income of less than $25,000 and has 1 Pet and is a Smoker

Additional Details :
  • 50-75% Mortgage Paid off

  • 500-549 Credit Score

  • Seniors staying at home

Home Insurance Rate of $1520/6 months for $200000-$250000 Coverage
Policy Holder Home Details :

Home Value : $235,000

4 Beds, 4 Baths 2060 sqft Primary Residence Constructed In 1971 with Linoleum, Metal Roof, Chainwall Foundation, Brick siding, Stucco Construction. Home Features Include Deadbolt Locks, Fireplace, Indoor Sprinklers, FuseBox Electricals and Security by Monitoring Company

About Policy Holder:

65 Years old Single Female who has a Part Time Job with household income of $25-50,000 and has 2 Pets and is a Smoker

Additional Details :
  • 0-25% through paying our mortgage

  • 550-599 Credit Score

Lafayette, LA Home Insurance by Zip Code

Zip Code Median Home Value Median Homeowners Insurance
70501 $96,700 $1,250
70503 $213,100 $1,360
70508 $203,800 $1,350
70506 $162,300 $1,310
70507 $131,800 $1,280

Lafayette Rates & Quotes Analysis:

Lafayette Area Estimated House Insurance
Guidry St, Ola St, Tonbridge Dr, Beaconwood Dr, Dickens St, Church St, Karen Dr, Roxanne Dr, Scott St, Alley 2$1,316
Seychelles Ln, Lafitte Ave, Baltimore Ln, Warmstone Bridge Dr, Pandora St, Scepter Cir, S Jefferson St, Monte Rd, Vatican Rd, Manning Dr$1,349
Ruidoso Dr, Santa Cruz Dr, Coles Creek Dr, Woodbriar Dr, Anastasie Dr, Festival Ln, Picard Rd, Clara St, Fairlane Dr, Capitol Dr$1,362
Renee Ave, Fanny St, Pontiac Rd, Saint Catherine St, Sonce St, Bon Vie Dr, Touraine Cir, Kippsford Dr, Rousseau Rd, Amhurst Rd$1,347
Banks Ave, N Dugas Rd, Poppy Ln, Idlewood Blvd, 5th St, Eppler Rd, Sis Ln, Desoto Rd, Rue Cordial, Floridian$1,266
N Pierce St, Stable Creek Dr, Rose St, Sylvan Dr, Brice St, Papershell Dr, Canary Ln, Versailles Blvd, Suwanee Rd, Brahmwell Ct$1,227
Leeward Loop, Lormand Rd, Avatar Dr, Country Garden Ln, Peak Run, Rue de Belier, W 2nd St, Beranda St, Arlington Dr, Mardi Gras Rd$1,249
Reaux St, German Ln, Windcreek Ln, Martele Blvd, Avondale Dr, W Simcoe St, Calder St, N Saint Antoine St, Woodbine Dr, Reinhardt Dr$1,304
Denver Cir, Rue Conge Cir, N Rushmore Ln, Bull Run Cir, la Rue Christ-Roi, Le Medicin Rd, Marcon Dr, Creekside Dr, Old Heritage Ln, Marie St$1,299
E Edith Rd, Cantal Dr, Castle Row, Facade Rd, Barrington Cir, Chappius Dr, Inwood St, Beaufort Cir, Elmira Rd, Old Youngsville Hwy$1,243

Insurance rates are influenced by a number of factors including:

  • Year Built: 14,918 Homes (15% of total) built between 1990 to 1999 in Lafayette are paying home insurance between $1,870-$1,889 in contrast with Milton (+$37), Youngsville (+$69), St. Francisville (+$41), Scott (-$49) and Ossun (-$28).
  • Bedrooms: 24,356 2 bedrooms homes (26% of total homes ) in Lafayette are paying about $908. Areas near to Lafayette such as Milton, Youngsville, St. Francisville are costlier by $18, $33, $20 respectively whereas Scott and Ossun are more economical by $24, $14 respectively for similar homes.
  • Auto Insurance Bundling: 26,846 Households (48% of all households) in Lafayette have 2 vehicles available and when it is bundled with home insurance you can save $259 compared to Scott ($252), Ossun ($255), Milton ($264).
  • Senior Discounts: 23,903 seniors (more than 55 years) occupied housing units (43% of total) in Lafayette get discounts between $194 to $196 compared to Scott ($189), Ossun ($191), Milton ($198).
  • New Homes discounts: New homes such as the 40,593 homes built between 2000 to 2009 in Lafayette can save $259 and differs from Scott ($252), Ossun ($255), Milton ($264).

Lafayette Homeowners insurance Facts

  • Lafayette, LA has 55,462 owner occupied houses which is 64.8% of all units whereas Scott, Ossun and Milton have 75.65%, 70.51% and 84.51% respectively.
  • Lafayette, LA homeowners yearly insurance price at $1,296 is 0.81% of the typical house value of $159,500 which is in contrast with 1.08% in Scott, 0.95% at Ossun & 0.69% in Milton.
  • Homeowners in Lafayette, LA pay 2.36% of their income ($50,000 to $59,999) in insurance whereas homeowners in Scott, Ossun and Milton pay 2.29%, 2.32% and 2.4% respectively.
  • Lafayette, LA’s insurance is 8.6% of monthly housing costs of $1,253/month, for owners with a mortgage compared to 9.75% in Scott, 10.77% at Ossun & 7.62% in Milton. But, for households without a mortgage, insurance is 32.7% of costs ($330 in Lafayette, LA) in contrast with 38.24% in Scott, 38.01% at Ossun & 31.66% in Milton.

Lafayette, LA Home Values & Insurance rates

For example, insurance for 5,357 Homes (10.0% of total homes ) valued between $175,000 to $199,999 in Lafayette, LA is about $1,516. Rates in nearby areas in such as Milton, Broussard, Youngsville are cheaper by $234, $25, $388 respectively while Scott and Ossun are costlier by $503 and $271 respectively for similar homes.

Lafayette, LA Home By Value Total Homes % of Total Average Homeowners Insurance
Less than $50,000 7,199 13.0% $194
$50,000 to $59,999 1,551 2.0% $414
$60,000 to $69,999 1,355 2.0% $518
$70,000 to $79,999 1,599 3.0% $609
$80,000 to $89,999 1,725 3.0% $686
$90,000 to $99,999 1,700 3.0% $764
$100,000 to $124,999 3,932 7.0% $881
$125,000 to $149,999 6,033 11.0% $1114
$150,000 to $174,999 6,992 13.0% $1308
$175,000 to $199,999 5,357 10.0% $1516
$200,000 to $249,999 6,136 11.0% $1827
$250,000 to $299,999 4,286 8.0% $2229
$300,000 to $399,999 4,004 7.0% $2838

Renters Insurance in Lafayette

  • Average Renters Insurance in Lafayette :  $188($15/month)

  • Median Gross Rent in Lafayette :  $740

  • Lafayette Renters Insurance to Median Rent Ratio:  2.03%

  • Renter occupied housing units in Lafayette :  30,116

Lafayette Renters Insurance as a Percentage of Rent

Lafayette Home By Monthly Rent Total Homes % of Total Estimated Monthly Income To Afford Rented House Including Renters Insurance
Less than $200 802 2.0% $347
$200 to $299 705 2.0% $797
$300 to $499 3,244 11.0% $1247
$500 to $749 9,587 34.0% $1922
$750 to $999 7,280 26.0% $2672
$1,000 to $1,499 4,679 16.0% $3797
$1,500 or more 1,336 4.0% $5447

Protective device discount in Lafayette Up to :  $28

Claims-free discount in Lafayette Up to :  $37