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Best cheap home insurance in Baton Rouge in 2024
Powered by Coverage.com (NPN: 19966249)
Coverage.com, LLC is a licensed insurance producer (NPN: 19966249). Coverage.com services are only available in states where it is licensed. Coverage.com may not offer insurance coverage in all states or scenarios. All insurance products are governed by the terms in the applicable insurance policy, and all related decisions (such as approval for coverage, premiums, commissions and fees) and policy obligations are the sole responsibility of the underwriting insurer. The information on this site does not modify any insurance policy terms in any way.
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.
Bankrate Score
Avg. annual premium
$300K dwelling coverage
JD Power
Why USAA made our list: USAA holds the highest score from J.D. Power for customer satisfaction, though eligibility requirements make it technically ineligible for ranking. This carrier includes replacement cost coverage in its standard homeowners policy and homeowners may choose additional coverage options such as home sharing or earthquake insurance to further customize their coverage. 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.
Why USAA may be the best for military-focused coverage: Since USAA is an exclusive provider for eligible members of the military and their immediate family members, it offers special coverage for active duty and active reserve servicepeople. If you experience a covered claim for personally owned military gear or clothing, you may not have to pay an insurance deductible. USAA offers coverage in every state, although it is starting to limit policies in California and Florida.
| Bankrate Score | 4.7 |
| J.D. Power | 737/1,000 |
| AM Best Rating | A++ |
Bankrate Score
Avg. annual premium
$300K dwelling coverage
JD Power
Not rated
Why Southern Farm Bureau made our list: Southern Farm Bureau is based out of Mississippi but services six states, including Louisiana. While the coverage options are fairly standard, Baton Rouge homeowners may also buy motorboat or personal article insurance with Southern Farm Bureau, which could be a bonus in a disaster-prone state.
Why Southern Farm Bureau is best for local agents: Southern Farm Bureau has written home insurance in Louisiana for over 70 years. Living in an area known for catastrophic disasters, having a local agent with boots-on-the-ground experience can make a significant difference when selecting the best level of coverage.
| Bankrate Score | 4.2 |
| J.D. Power | |
| AM Best Rating |
Bankrate Score
Avg. annual premium
$300K dwelling coverage
JD Power
Why State Farm made our list: 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 add 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.
Why State Farm is best for digital tools: State Farm offers five mobile apps to help you manage your insurance policies. The standard app offers various options, such as chat and claim filings, which may benefit homeowners who prefer to manage their policies without agent intervention. Further, State Farm allows customers to connect via Alexa to find an agent and make payments.
| Bankrate Score | 4.2 |
| J.D. Power | 643/1,000 |
| AM Best Rating | A++ |
Bankrate Score
Avg. annual premium
$300K dwelling coverage
JD Power
Why The Hanover made our list: The Hanover is not rated by J.D. Power, likely due to its size compared to other carriers. However, The Hanover 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.
Why The Hanover is best for customizable policies: The Hanover offers tiered insurance packages: Connections, Prestige and Platinum. While Prestige offers coverage for high-value homes, The Hanover has various optional endorsements like service line coverage and guaranteed replacement cost that homeowners of any policy level can purchase.
| Bankrate Score | 3.6 |
| J.D. Power | 617/1,000 |
| AM Best Rating | A |
Bankrate Score
Avg. annual premium
$300K dwelling coverage
JD Power
Not rated
Why SafePoint made our list: SafePoint currently has an A (Exceptional) rating with Demotech and a BBB+ rating with KBRA, both of which are top financial strength rating (FSR) firms in the insurance industry. SafePoint offers home, renters and condo insurance throughout Louisiana. While the coverage selection is pretty standard, the company also offers personal equipment breakdown coverage for systems and appliances such as refrigerators, sump pumps and sound systems.
Why SafePoint is best for business owners: SafePoint has several commercial insurance options for homeowners who also own businesses. From places of worship to warehouses, SafePoint offers up to $10 million in property coverage and $1 million in liability coverage for qualifying business owners. This could be a good option for Baton Rouge business owners who want to keep their private insurance and business insurance under the same company.
| Bankrate Score | Not rated |
| J.D. Power | |
| AM Best Rating |
Bankrate's trusted insurance industry expertise
Read our full methodologyBankrate knows that the home insurance industry is changing rapidly in areas like Baton Rouge, and homeowners need to know where to turn for accurate information. Armed with the latest data from Quadrant Information Services, Bankrate offers expert analysis and insights policyholders can benefit from.
46
years of industry experience
122
carriers reviewed
34.5K
ZIP codes examined
1.2M
quotes analyzed
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.
|
|
|
|
|---|---|---|
|
Armed Forces
|
$135
|
$1,618
|
|
$138
|
$1,651
|
|
|
$327
|
$3,921
|
|
|
$355
|
$4,255
|
|
|
|
|
|---|---|---|
|
Armed Forces
|
$149
|
$1,618
|
|
$153
|
$1,651
|
|
|
$364
|
$3,921
|
|
|
$413
|
$4,255
|
|
|
|
|
|---|---|---|
|
Armed Forces
|
$174
|
$2,083
|
|
$185
|
$2,215
|
|
|
$435
|
$5,223
|
|
|
$534
|
$6,414
|
|
|
|
|
|---|---|---|
|
Armed Forces
|
$240
|
$2,884
|
|
$277
|
$3,323
|
|
|
$621
|
$7,449
|
|
|
$897
|
$10,763
|
Powered by Coverage.com (NPN: 19966249)
Coverage.com, LLC is a licensed insurance producer (NPN: 19966249). Coverage.com services are only available in states where it is licensed. Coverage.com may not offer insurance coverage in all states or scenarios. All insurance products are governed by the terms in the applicable insurance policy, and all related decisions (such as approval for coverage, premiums, commissions and fees) and policy obligations are the sole responsibility of the underwriting insurer. The information on this site does not modify any insurance policy terms in any way.
Compare home insurance rates
Answer a few questions to see personalized rates from top carriers.
Powered by Coverage.com (NPN: 19966249)
Coverage.com, LLC is a licensed insurance producer (NPN: 19966249). Coverage.com services are only available in states where it is licensed. Coverage.com may not offer insurance coverage in all states or scenarios. All insurance products are governed by the terms in the applicable insurance policy, and all related decisions (such as approval for coverage, premiums, commissions and fees) and policy obligations are the sole responsibility of the underwriting insurer. The information on this site does not modify any insurance policy terms in any way.
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 93 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.
|
|
|
|
|
|
|---|---|---|---|---|
|
Armed Forces
|
$2,698
|
$1,740
|
$1,618
|
$1,481
|
|
$2,514
|
$1,751
|
$1,651
|
$1,568
|
|
|
$9,767
|
$4,673
|
$3,921
|
$2,723
|
|
|
$9,297
|
$4,447
|
$4,255
|
$3,726
|
|
|
$8,445
|
$5,267
|
$4,917
|
$4,357
|
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.
|
|
|
|
|
|
|
|---|---|---|---|---|---|
|
Armed Forces
|
$3,096
|
$2,956
|
$2,858
|
$2,017
|
$1,367
|
|
$2,401
|
$2,406
|
$2,347
|
$2,024
|
$1,504
|
|
|
$4,676
|
$4,676
|
$4,676
|
$4,501
|
$3,363
|
|
|
$4,740
|
$4,740
|
$4,740
|
$4,393
|
$3,704
|
|
|
$5,260
|
$5,260
|
$5,260
|
$5,260
|
$4,575
|
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.
|
|
|
|
|
|---|---|---|---|
|
Armed Forces
|
$1,618
|
$1,509
|
$1,423
|
|
$1,610
|
$1,610
|
$1,552
|
|
|
$3,800
|
$3,696
|
$3,237
|
|
|
$4,118
|
$3,934
|
$3,199
|
|
|
$4,917
|
$4,386
|
$4,067
|
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.
-
Cost & ratings 50%
-
Coverage & savings 30%
-
Support 20%
- 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
