Home Insurance in Lake Charles

Find out what you need to know about home insurance in Lake Charles.

Compare, shop and customize quotes from top-rated insurance carriers.

Lake Charles: Modern Louisiana Charm

Lake Charles is full of history, culture, and economic growth. Located in the Lousiana Bayou region, the city is home to several museums, a thriving arts scene, and an active tourism industry. Petrochemical refining, education, and gambling also bring significant revenue into the metro area.

Lake Charles is the fifth most populous city in the state. The city itself has a population of 79,113. while several estimates place the entire Lake Charles metro area population between 206,000 and 210,000 people. The metro area encompasses Calcasieu Parish, where Lake Charles is located, as well as nearby Cameron Parish.

A Resilient and Growing City

Growth is evident in Lake Charles. Over 96,406 residents were employed in 2021, a 3.22% increase from 2020. Median household incomes reached $59,828 in 2021, rising by 12.9%. Millennials and Generation X individuals comprise a large chunk of the population, whose average age is 36.6.

Homeownership in Lake Charles

Lake Charles' median home value is $188,282. Single-family homes dominate the market, making up 68.2% of all housing in the city. More than 56% of the population own their primary residences.

Your home is everything: your domain, haven, and investment. Area homeowners like you count on VIU by HUB to find personalized home insurance in Lake Charles.

Your Guide to Home Insurance in Lake Charles

Home insurance offers vital protection for your property and assets. With information about rates, risks, and policy types, you can make informed decisions about coverage.

Home Insurance Rates in Lake Charles

The average Lake Charles homeowner pays $3,240 annually for home insurance, which works out to $270 per month. While these rates are higher than both the state average and the national average of $1,820 per year, several factors impact these costs. Specific risks, including flooding and hurricanes, can increase premiums in certain areas. Other variables include a home's value, age, and location, along with a homeowner's credit history and claims records.

Unique Risk Factors in Lake Charles

Risk Factor evaluates weather data and projects climate impacts for properties in the United States. Lake Charles has a major flood risk. with 59% of area properties vulnerable to severe flooding. The city also has an extreme wind risk, with hurricanes as the primary threat.

What's in a Home Insurance Policy

Standard home insurance shields against major losses to your home and its contents. Typically covered events include fires, storms, hail, lightning, vandalism, theft, malicious mischief, civil unrest, and falling objects. Most policies include four basic components:

Structure
Personal property
Liability
Additional living expenses

Home insurance policies do not automatically include flood coverage. You will need to purchase it separately. Homeowners in flooding-prone areas like Lake Charles may be required by their mortgage companies to purchase coverage. The National Flood Insurance Program offers policies, which you can include in your home insurance when you shop through VIU by HUB.