Best cheap home insurance in Baton Rouge in 2024

The best home insurance companies in Baton Rouge

Bankrate’s insurance editorial team understands that finding the best home insurance in Louisiana isn’t easy. To make the search more manageable, we started by looking at carriers currently writing homeowners insurance in Baton Rouge. Then, we evaluated key factors beyond price. We also considered coverage options, discount availability and third-party ratings, such as customer satisfaction scores from the 2023 J.D. Power U.S. Home Insurance Study.

Using all of this information, we calculated a Bankrate Score for each insurer. This rating, out of a maximum of five points, offers quick insight into some of the best home insurance companies in Baton Rouge.

The cheapest home insurance companies in Baton Rouge

Louisiana is one of the most expensive states in the country for home insurance, so it's no wonder that so many owners are looking for cheap home insurance companies. While affordability is crucial, remember that the policy must meet your coverage needs and deliver when needed. Some homeowners might be more comfortable with a live agent, while others prefer carriers with robust digital offerings. Every homeowner is different, and speaking with an experienced agent can help you select coverage levels that work with your budget and protect the investment you’ve made in your home.

Below are the five cheapest Baton Rouge home insurance companies based on various levels of dwelling coverage.

How much is home insurance in Baton Rouge, Louisiana?

Homeowners insurance in Baton Rouge isn’t exactly cheap, but it is lower than the state’s average. Current rate data for Baton Rouge shows the average cost of home insurance is $3,698 per year or $308 per month for $300,000 in dwelling coverage. The Louisiana average for the same amount of home insurance is $4,296 annually or $358 monthly.

Baton Rouge rates by credit tier

Your credit can significantly affect the cost of home insurance. Most states allow insurance companies to use credit-based insurance scores as a guide to price risk. While income doesn’t affect the rate of your policy, credit-to-debt ratios, late payments and low credit scores can negatively impact rates. Bankrate’s analysis found that nationally, homeowners with poor credit pay an average of 92 percent more than homeowners with excellent credit for home insurance.

Below you’ll find some of the cheapest home insurance in Baton Rouge for various credit tiers.

Baton Rouge rates by home age

The age of the home can also cause insurance rates to be higher or lower depending on the cost to rebuild the home if it is damaged in a covered claim. With older homes, some materials may be more expensive to source than modern dwellings or not as resilient against certain perils. On the other hand, living in a high-risk area can inflate rates regardless of a home’s age. Each carrier rates risk differently, so comparing home insurance quotes with multiple carriers can help narrow down the cheapest rates.

Listed below, you will find the cheapest home insurance companies in Baton Rouge for homes of different ages.

Baton Rouge rates by deductible amount

When purchasing home insurance, you are sharing the financial risk of owning a home with the insurance company. Homeowners who retain more of the risk by opting for a higher deductible usually pay less for insurance. However, take care when selecting this amount — it is essential that you can easily afford your deductible at the time of a loss. Note that in Baton Rouge, a separate percentage-based wind deductible is common. Speak with an insurance expert for help determining what you’d be responsible to pay in the event of a claim.

Bankrate has compiled a list of the five cheapest insurance companies in Baton Rouge across three different flat deductible options.

Frequently asked questions

Methodology

Bankrate utilizes Quadrant Information Services to analyze November 2024 rates for all ZIP codes and carriers in all 50 states and Washington, D.C. Quoted rates are based on married male and female homeowners with a clean claim history, good credit and the following coverage limits:

• Coverage A, Dwelling: $300,000, $350,000, $450,000, $750,000
• Coverage B, Other Structures: $30,000, $35,000, $45,000, $75,000
• Coverage C, Personal Property: $150,000, $175,000, $225,000, $375,000
• Coverage D, Loss of Use: $60,000, $70,000, $90,000, $150,000
• Coverage E, Liability: $500,000
• Coverage F, Medical Payments: $1,000

The homeowners also have a $1,000, $1,500, $2,000 or $5,000 deductible, a $500 hail deductible and a 2 percent hurricane deductible (or the next closest deductible amounts that are available) where separate deductibles apply.

These are sample rates and should be used for comparative purposes only. Your quotes will differ.

Credit: Rates were calculated based on the following insurance credit tiers assigned to our homeowners: “poor, average, good (base) and excellent.” Insurance credit tiers factor in your official credit scores but are not dependent on that variable alone. The following states do not allow credit to be a factor in determining home insurance rates: California, Maryland, Massachusetts.

Year built: Rates were calculated based on the following years built for homes and assigned to our homeowners: 1959, 1982, 1992, 2010, 2015 (base) and 2020.

Bankrate Score

Our 2024 Bankrate Score considers variables our insurance editorial team determined impact policyholders’ experiences with an insurance company. These rating factors include a robust assessment of each company’s product availability, financial strength ratings, online capabilities and customer and claims support accessibility. Each factor was added to a category, and these categories were weighted in a tiered approach to analyze how companies perform in key customer-impacting categories.

Each category was assigned a metric to determine performance, and the weighted sum adds up to a company’s total Bankrate Score — out of 5 points. Our scoring model provides a comprehensive view, indicating when companies excel across several key areas and highlighting where they fall short.

• Tier 1 (Cost & ratings): To determine how well auto and home insurance companies satisfy these priorities, 2023 quoted premiums from Quadrant Information Services (if available), as well as any of the latest third-party agency ratings from J.D. Power, AM Best, Demotech  and the NAIC, were analyzed.
• Tier 2 (Coverage & savings): We assessed companies’ coverage options and availability to help policyholders find a provider that balances cost with coverage. Additionally, we evaluated each company’s discount options listed on its website.
• Tier 3 (Support): To encompass the many ways a home insurance company can support policyholders, we analyzed avenues of customer accessibility along with community support. This analysis incorporated additional financial strength ratings from S&P and Moody’s and factored a company’s corporate sustainability efforts.

Tier scores are unweighted to show the company's true score in each category out of a possible five points