Home Insurance in Lafayette, LA

Buying home insurance in Lafayette, LA, doesn't have to be a hassle if you learn what your home requires and shop around for your policy.
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Protect Your Lafayette Property and Your Financial Security 

Named after the famous French General Marquis de Lafayette from the American Revolution, Lafayette is a medium-sized city in the southern flats of Louisiana. The city has 121,771 residents and is the most populated city in Lafayette Parish. Home insurance in Lafayette, LA, is something that all property owners should purchase to mitigate potential problems.

How Lafayette Homeowners Are Vulnerable 

Lafayette's homeowners have seen rising property values for the past few years, with a median home value of $209,100 currently. More than 56% of the people living in this city are homeowners, and they need to understand the potential risks this area has that could impact their investments. Lafayette, like many places in Louisiana, faces vulnerabilities to severe weather, crime and vandalism. Home insurance could help prevent financial issues if something happens to an individual's property.

The top risk for homeowners in Lafayette is related to the area's geography. The city is positioned close to the southern coast of Louisiana, which sees periodic hurricanes from June to November. Storm surges, strong winds and heavy rains could impact properties and leave behind damage. Another potential problem could be Lafayette's close proximity to the Vermillion River, which sometimes floods and creates chaos for neighborhoods located next to the river.

Increasing property crime may also be a problem for Lafayette residents. The property crime rate is 1 in 24. with neighborhoods Mills and Heyman Park getting the most property crime reports. To avoid paying a premium in the higher-risk areas, use VIU by HUB to get a more competitive rate.

Budgeting for Home Insurance

On average, you could pay $2,925 per year for home insurance in Lafayette, LA. This is a little higher than Louisiana's average annual rate, possibly due to the city's history of coastal flooding and hurricane impacts. It's also higher than the national rate. 

If you want to pay less than the average rate but not sacrifice your coverage, you'll need to be aware of factors that make insurance rates higher. Poor credit, living in a designated flood zone and your home's lack of safety features could lead to expensive premiums. Additionally, not shopping around with the VIU by HUB may also make it more difficult to find lower-priced insurance. 

What Home Insurance Coverage Looks Like

Home insurance in Lafayette, LA, is not legally required but most financial experts recommend it. The standard policy for home insurance includes coverage for the home's structure, belongings inside and legal liability if someone gets hurt on the property. Depending on the policy, the costs to repair, rebuild or replace your home and items may kick in due to:

  • Fire
  • Hail
  • Lightning
  • Theft
  • Vandalism

When something happens that damages your home or leads to a loss, you need to file a claim to get reimbursed or rectify the damage. Your insurance policy will generally spell out the conditions that need to be followed in order to make a claim.

Many situations are not covered, so it's essential to be an educated consumer. Flooding is usually not part of typical home insurance policy coverage. Additionally, damage from earthquakes or replacement costs high-priced jewelry or computer equipment may also need add-on coverage.

Get Top Coverage for Your Home in Lafayette

Evaluate different types of home insurance in Lafayette, LA, with VIU by HUB to protect your property. Get comparisons from multiple insurers to find what works for you. Secure your financial future and enjoy much more peace of mind.

This information is intended for general informational purposes only and is not intended to constitute legal advice.


Downtown Lafayette

Data Commons


FEMA National Risk Index  

Neighborhood Scout

Nerd Wallet

Louisiana Department of Insurance

Home insurance in Louisiana by city

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