Average homeowners insurance cost in Lake Charles, LA

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In Lake Charles, homeowners pay an average annual rate of $3,814 (for the coverage level of $300,000 for dwelling, $100,000 for liability protection, and $1,000 deductible), according to Insure.com’s rate analysis. It’s $1,310 more than the national average of $2,504.

Homeowners insurance rates change from one home to another. The home insurance premium in Lake Charles depends on various factors, such as:

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

To ensure you secure the best homeowners insurance policy, compare quotes from multiple insurers, enabling you to find the right coverage that aligns with your specific requirements.

Read this guide to learn how much homeowners insurance costs monthly in Lake Charles, what home insurance costs for different dwelling coverage, and which companies offer cheap home insurance in Lake Charles.

Key takeaways

In Lake Charles, homeowners insurance costs $3,814 annually.
Progressive offers the most affordable homeowners insurance in Lake Charles with an average annual premium of $1,720.
If you increase your dwelling coverage from $200,000 to $300,000, your annual home insurance premium will be $425 higher.

Average homeowners insurance cost in Lake Charles per month

Lake Charles homeowners pay an average of $318 a month, based on our rate analysis. It’s $20 more than the state average of $298 and $109 more than the national average for home insurance across the United States. The price of your homeowners insurance policy in Lake Charles may vary depending on where you live, the value of your home, and the coverage you choose.

Average homeowners insurance cost for a $200,000 house in Lake Charles

In Lake Charles, LA, homeowners pay an average of $3,389 annually for a $200,000 home. The annual cost of home insurance is influenced by factors such as the risk of natural disasters in your area.

Regions more susceptible to natural disasters, such as floods, hurricanes, or tornadoes, typically face higher rebuilding costs, leading to increased insurance premiums. It is important to understand that standard insurance policies might not cover damages caused by floods or hurricanes. If you live in a flood-prone area, it is advisable to purchase flood insurance.

Average homeowners insurance cost for a $300,000 house in Lake Charles

Based on a rate analysis conducted by Insure.com, Lake Charles residents pay an average of $3,814 per year to insure a home for coverage limits of $300,000 dwelling, $100,000 liability with a $1,000 deductible. If you plan to increase your dwelling coverage from $200,000 to $300,000, you must pay an additional $425 per year for home insurance.

Buying adequate insurance to cover the entire expense of rebuilding your home is best advisable. However, the amount of dwelling coverage you need may vary depending on your home’s size, amenities, and the cost of living in your area.

Average homeowners insurance cost in Lake Charles by company

Among the carriers analyzed, Progressive is the most affordable homeowners insurance company in Lake Charles. It’s average annual rate for homeowners in Lake Charles is $1,720.

Allstate, ranks second and State Farm makes it to the third spot with an average annual home insurance rate of $4,590.

Research on the company is essential before selecting a homeowners insurance policy. Insure.com has thoroughly examined all insurance companies operating in Lake Charles and compiled a list of the most affordable home insurance companies.

Below are details of Lake Charles home insurance companies and their average annual premiums.

Home Insurance Company	Annual rate
Progressive	$1,720
Allstate	$3,639
State Farm	$4,590
Farmers	$6,402
USAA*	$2,893

Methodology

Insure.com, with the help of Quadrant Information Services, gathered data for homeowners insurance rates in Lake Charles for $300,000 dwelling coverage and $100,000 liability coverage with a $1,000 deductible. The data presented are those with a good credit tier alignment.