Lafayette ,LA Home Insurance - The cost of homeowners insurance is influenced by a range of factors, including the value of your coverage, deductible, and the construction materials used in your home.
VHome Insurance conducted a thorough analysis of the Lafayette, LA homeowners insurance market, taking into account factors like average costs, range of coverages, deductibles and customer satisfaction ratings to determine the best providers. The Average home insurance cost in Lafayette, LA is $1635. Enter your zipcode below and click “GO” to get multiple free quotes.
It is important to understand the different coverage options available in Lafayette, LA. VHome Insurance will help you navigate the world of homeowners insurance coverages in Lafayette, LA.
| Coverage Level | Average Annual Premium |
|---|---|
| $100,000 | $654 |
| $200,000 | $1,112 |
| $300,000 | $1,373 |
| $400,000 | $2,093 |
| $500,000 | $2,632 |
Home insurance costs in Lafayette can vary greatly based on location. The frequency of claims in your area can affect the cost of your policy. Simply put, the location of your home can significantly impact your homeowners insurance premium.
| Zipcode | Average Insurance Premium |
|---|---|
| 070501 | $2,048 |
| 70503 | $2,246 |
| 70508 | $2,233 |
| 70506 | $2,144 |
| 70507 | $2,140 |
One key aspect of your policy is the deductible, which is the amount you pay out of pocket before your insurance kicks in. Choosing the right deductible can have a major impact on your insurance premiums and overall savings. In this guide, we'll help you understand the options available for homeowners insurance deductibles in Lafayette, LA, and how to choose the right one for your needs.
| Deductible Level | Average Annual Premium |
|---|---|
| $500 Deductible | $1,676 |
| $1000 Deductible | $1,499 |
| $1500 Deductible | $1,414 |
| $2500 Deductible | $1,275 |
| $5000 Deductible | $1,079 |
| Home Insurance Company Near Lafayette, LA | Homeowners Insurance Agency Near Lafayette, LA | Address |
|---|---|---|
| State Farm | John Montesano | 5711 Johnston St, Lafayette, LA, 70503-5302 |
| State Farm | Ken Goss Jr | 108 W Anding St, Rayne, LA, 70578-5749 |
| Allstate | Miles Briley | 222 N Chataignier St, Ville Platte, LA, 70586 |
| NA | Moraka, Llc Dba Patout-Greenwood Insurance Agency, Inc. | 717 Charles St New Iberia, New Iberia, LA, 70560 |
| Allstate | D.H. Stiel Jr Agcy | 618 Main Street, Franklin, LA, 70538 |
| Place | 1 Car Bundle Savings On Insurance | 2 Car Bundle Savings On Insurance | 3 Car Bundle Savings On Insurance |
|---|---|---|---|
| Scott city, Louisiana | $189 | $252 | $378 |
| Ossun CDP, Louisiana | $191 | $255 | $383 |
| Milton CDP, Louisiana | $198 | $264 | $396 |
| Place | Home insurance as a % of housing cost for homes with mortgage | Home insurance as a % of housing cost for homes without mortgage |
|---|---|---|
| Lafayette, LA | 8.6% | 32.7% |
| Scott | 9.75% | 38.24% |
| Ossun | 10.77% | 38.01% |
| Milton | 7.62% | 31.66% |
| 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 |
| Streets in Lafayette Area | Homeowners Insurance Cost |
|---|---|
| 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 |
| Place | Savings For Senior Occupied Homes |
|---|---|
| Lafayette | $194 to $196 |
| Scott | $189 |
| Ossun | $191 |
| Milton | $198 |
| Building Coverage | Contents coverage | Construction type | Age of home | Company | Premium |
|---|---|---|---|---|---|
| $200,000 | $100,000 | brick veneer | 10-year | Aig Property Casualty Co | $2232 |
| $200,000 | $100,000 | brick veneer | 10-year | American Risk Ins Co | $3033 |
| $200,000 | $100,000 | brick veneer | 10-year | Armed Forces Ins Exchange | $1726 |
| $100,000 | $50,000 | brick veneer | 25-year | Centauri Specialty Ins Co | $1341 |
| $150,000 | $75,000 | brick veneer | 20-year | Family Security Ins Co | $1895 |
| $200,000 | $100,000 | brick veneer | 10-year | Great Northern Ins Co | $3894 |
| $200,000 | $100,000 | brick veneer | 10-year | Liberty Personal Ins Co | $2044 |
| $200,000 | $100,000 | brick veneer | 10-year | Spinnaker Ins Co | $2256 |
| $200,000 | $100,000 | Frame | 10-year | The Standard Fire Ins Co | $3808 |
| $300,000 | $150,000 | brick veneer | 1-year | The Travelers Indem Co Of America | $4256 |
| Low Deductible | High Deductible | |
|---|---|---|
| Deductible | $1,000 | $2,000 |
| Yearly Lafayette Homeowner Insurance Premium Example | $4,700 | $4,200 |
| Out of Pocket Expense During Claim | $1,000 | $2,000 |
| Total Home Insurance Premium for 3 years + Out of Pocket Expense for Claim | $15,100 | $14,600 |
| Net Savings to Lafayette Home Owner from High Deductible Plan | $500 | |
| Scenario | Lafayette, LA Home Replacement Value MORE than Home Value | Lafayette, LA Home Replacement Value LESS than Home Value |
|---|---|---|
| Replacement Value | $273,500 | $160,000 |
| Insurance Premium based on Replacement Value | $4,500 | $2,650 |
| Risk Exposure from Under Insuring Coverage | Unnecessary Home Insurance Coverage of $62,500 | Risk Exposure from Under Insuring Coverage is $51,000 |
| Premium Impact | Insurance cheaper by $825/year | Insurance costlier by $1,025/year |
| Insurance Company | State Farm | Farmers Insurance | GEICO Insurance |
| Monthly Premium | 209 | 240 | 175 |
| Year Built | 2013 | 1993 | 2006 |
| Home Details | 3 Beds, 2 Baths | 4 Beds, 3 Baths | 5 Beds, 2 Baths |
| Coverage Amount | $125000-$150000 | $200000-$250000 | $250000-$300000 |
| Deductible | $500- $1000 Deductible | $5000 to $10,000 Deductible | > $10,000 Deductible |