insure logo

Why you should trust Insure.com

quality icon

Quality Verified

At Insure.com, we are committed to providing honest and reliable information so that you can make the best financial decisions for you and your family. All of our content is written and reviewed by industry professionals and insurance experts. We maintain strict editorial independence from insurance companies to maintain editorial integrity, so our recommendations are unbiased and are based on a comprehensive list of criteria.

The average cost of homeowners insurance in Lafayette is $3,133 per year (for the coverage level of $300,000 for dwelling, $100,000 for liability protection and $1000 deductible), based on Insure.com’s rate data analysis. It’s $716 more than the national average of $2,417.

However, homeowners insurance rates can vary drastically from one home to another. Home insurance rates in Lafayette depend on a number of factors, including:

  • Size of your home
  • Age of your home
  • Amount of coverage you need
  • Location
  • Your credit score

To make sure you are getting the best deal on home insurance, it is important to get quotes from multiple insurers to find the right coverage for your needs. Read this guide to know how much homeowners insurance cost per month in Lafayette, home insurance cost for different dwelling coverage, also know which companies offer cheap home insurance in Lafayette.

In this guide, we will explain everything from what coverage options are available to which companies have the cheapest rates for homeowners insurance in Lafayette.

Average homeowners insurance cost in Lafayette per month

Lafayette homeowners pay an average of $261 a month, based on our rate analysis. It’s $24 more than the state average of $237 and $60 more than the national average for home insurance across the United States. The price of your homeowners insurance policy in Lafayette may vary depending on where you live, the value of your home, and the coverage you choose.

How much is homeowners insurance for a $200,000 house in Lafayette

The average cost of homeowners insurance in Lafayette, LA is $2,276 annually for the dwelling coverage of $200,000 and the liability protection of $100,000. The amount you pay for home insurance each year depends on many different things. The types of natural disasters or events that take place in your area affect how much you pay for coverage in your city.

Some areas are more at risk for natural disasters, like flood, hurricanes, or tornadoes. This means that if something happens, the cost of rebuilding would be higher in those areas, thereby leading to higher insurance premiums. Your insurance policy might not cover damage caused by floods or hurricanes. So, if you live in a flood-prone area, consider buying flood insurance coverage.

How much is homeowners insurance for a $300,000 house in Lafayette

According to a rate analysis by Insure.com, homeowners in Lafayette pay an average of $3,133 per year for a $300,000 house. These rates are for the coverage limits of $100,000 for liability protection and $1000 deductible.

If you increase your dwelling coverage from $200,000 to $300,000, you will just have to pay $857 more a year for home insurance. It would be best to buy enough insurance to cover the full cost of rebuilding your home.

However, the amount of dwelling coverage you need may vary depending on the size of your home, the features in your home, and the cost of living in your area.

How much is homeowners insurance in Lafayette by Company

Among the carriers analyzed, United Insurance Holdings is the cheapest homeowners insurance company in Lafayette. Its average annual rate for Lafayette homeowners is $1,061. Progressive ranks second and Allstate makes it to the third spot with an average annual home insurance rate of $1,394.

Before choosing a homeowners insurance policy, it is important to do some research on the company. Our experts have analyzed all the insurance companies across Lafayette and prepared a list of the top ten cheapest home insurance providers. You can find below the Lafayette home insurance companies and their average annual premium.

Home Insurance CompanyAnnual rate
United Insurance Holdings$1,061
Progressive$1,367
Allstate$1,394
State Farm$1,627
USAA$2,908
Farmers$3,266
LA Farm bureau$6,173
FedNat Holding$7,803

Methodology

Insure.com, with the help of Quadrant Information Services, gathered data for home insurance rates in Birmingham, Alabama, for $300,000 dwelling coverage and $100,000 liability coverage with a $1000 deductible for around 35,000 ZIP codes. The data presented are those with a good credit tier alignment.

How much is home insurance in other cities