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Compare 70501 Home Insurance Rates Today!

Compare multiple home insurance rates for your home in Lafayette just got easier with the quick quoting system provided by GetHomeInsuranceQuotes.com. We make it easier for you and your 11,336 neighbors looking to save on their home insurance policy in the local 70501 zip code area. Our process is very simple, easy to use and hassle free. We help you shop and compare competitive rates for your home in 70501. So how do we provide affordable home insurance quotes? We use your home details from our online quoting application to compare the best Louisiana rates and coverage options with over 12 major carriers. Then we evaluate the best coverage and apply all the discounts and credits to help you save an additional 40%. We do all of this and more and our service online or over the phone is free. Let us help you compare your Lafayette, LA home insurance rates today!

For more information about homeowners insurance, like average home insurance rates, coverage options or home insurance types, please select Home Insurance Rates in Lafayette, LA

70501 Home Insurance Average Premiums

Local 70501 homeowners insurance quotes comparison

$1279 /yr.

Shows Zip Code: 70501 lowest rates with discounts applied on average.

For the 70501, homeowners insurance rates may vary on deductible, coverage amount and property details. Below is a list of the averages based on the cost of an annual home insurance premium.

Coverage Amount:Annual Premium
1800 sq. ft. or below
(discounts applied)		$1279 /yr.
Average Coverage:$1529 /yr.
2600 sq. ft. or higher
(all discounts applied)		$1829 /yr.

What is the average home insurance cost for a home in 70501?

  • • The average homeowners insurance premium paid annually for a home in 70501 is around $1529 per year.

What does it cost on average per month for home insurance in 70501?

  • • Homeowners in 70501 pay a monthly average cost per month around $127.00.

What kind of discount could I get if I combine my home and auto insurance together in 70501?

  • • Autoowners in 70501 can receive a 20% to 25% discount if they own a home and would like to group or bundle their car and home insurance together with one insurance company.

For shopping home insurance rates within the Lafayette area, check out other zip codes nearby 70501.
Review average rates in another zip code:
70508 homeowners insurance rates
70506 homeowners insurance rates
70501 homeowners insurance rates
70503 homeowners insurance rates
70507 homeowners insurance rates

Home Replacement Cost Coverage in 70501

Average Building Cost Per Square Foot in 70501: $122

Location: Lafayette, Louisiana (Lafayette County)

Average Square Footage in 70501: 849 Sq. Ft.

When building or updating a home, it's always good to review the average cost per square foot to build in 70501 before you start any project. Lafayette homeowners pay on average around $122 per square foot to build a home. Another great reason to know the average cost to build is for your homeowners insurance policy. A standard homeowners policy will help you cover the replacement cost of your home due a fire or any other named perils on your policy. Calculating your dwelling coverage for your home in 70501 is extremely helpful when estimating how much replacement cost coverage you need. We highly recommend that you have enough dwelling coverage to rebuild your home if it was destroyed by a covered peril.

Here is how you determine your replacement cost. If we take an average home in 70501 and want to estimated the dwelling coverage, than we will need the square footage of the home which is 849 sq. ft. and the average cost to rebuild the home in this area is around $122 per square foot would be considered a base estimate cost. These two numbers would allow us to generate the replacement cost needed for an average size home in the Lafayette area. If the home is new or has been upgraded, you will want to add $50 to $100 or more per square foot to equally cover the replacement cost to restore a home back to it's original condition.

Home Improvement StatusPrice per Sq. Ft.Square FeetDwelling Coverage
Basic Home Features$122849$103,600
Additional Upgrades & Added Features$153849$129,500
Major Home Updates or Advancements$183849$155,400

It's important to understand that when you estimate your replacement cost of your home in the 70501 zip code area, it will be the cost to replace the structure of your home, not the additional value of the property that is factored in when purchasing a new home.

Best Homeowners Insurance Agencies in 70501

Lutcf Leleux Richard

Address: 904 General Mouton Avenue Lafayette, LA 70501
Phone: (337)234-5286
Website: www.shelterinsurance.com

Allstate Insurance - Statia Provost

Address: 2509 Moss St. Lafayette, LA 70501
Phone: (337)237-3108
Website:

Best Home & Auto Insurance Agencies in 70501

Safeway Insurance Of Louisiana

Address: 200 W Congress St Lafayette, LA 70501
Phone:
Website:
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Acadiana Auto Insurance Agency Inc

Address: 116 E Congress St, #701 Lafayette, LA 70501
Phone:
Website:
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Herman Venable Insurance Agency Inc

Address: 1027 Johnston St Lafayette, LA 70501
Phone:
Website:
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A Access Insurance Services

Address: 800 W Congress St Lafayette, LA 70501
Phone:
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Allstate Insurance - Statia Provost

Address: 2509 Moss St Lafayette, LA 70501
Phone:
Website:
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Housing Demographics for 70501

Population Review for 70501 Zip Code

For the city of Lafayette, the population within 70501 has increased to over 31,220 residents in population size. The current population total is 28,721. We have broken down the population based on race below. In 70501, there are over 14064 in male population and 14657 females.

PopulationValues
Total Population28,721
White Population6256
Black Population20778
Hispanic Population926
Asian Population144
Hawaiian Population9
Indian Population103
Other Population394
Male Population14064
Female Population14657
Population Estimate31220

Household Data for 70501

The average number of homes in 70501 is around 11,336, there are an average of 2.39 per household. The average house value according to local real estate values is around $103,600. Please review the following demographics below for average income and media age.

Housing / Income DataValues
Households Per Zipcode11,336
Persons Per Household2.39
Average House Value$103,600
Income Per Household$28067
Median Age37.5
Median Age Male36.2
Median Age Female38.9
70501 DetailsValues
StateLA
State Full NameLouisiana
City TypeP
City Alias Abbreviation
Area Code337
CityLafayette
City Alias NameLAFAYETTE
CountyLafayette
County FIPS055
State FIPS22
Time Zone6
Day Light SavingY
MSA3880
PMSA
CSA318
CBSA29180
CBSA_DIV
CBSA_TypeMetro
CBSA_NameLafayette, LA
MSA_NameLafayette, LA MSA
PMSA_Name
RegionSouth
DivisionWest South Central
MailingNameY
Economic & Growth ReviewValues
Number Of Businesses801
Number Of Employees14974
Business First Quarter Payroll154362
Business Annual Payroll695529
Business Employment Flag
Growth Rank0
Growth Housing Units 2003
Growth Housing Units 2004
Growth Increase Number0
Growth Increase Percentage0.0
Metropolitan DetailsValues
CBSA Population273738
CBSA Division Population0
Congressional District03
Congressional LandArea6983.32
Delivery Residential13063
Delivery Business1510
Delivery Total14996
Preferred Last Line KeyY23984
Classification Code
Multi-County
CSA NameLafayette-New Iberia-Opelousas, LA
CBSA_DIV_Name
City State KeyY23984
Land Area15.310000
Water Area0.042000
City Alias Code
City Mixed CaseLafayette
City Alias Mixed CaseLafayette
Box Count0
SFDU10320
MFDU1000
State ANSI22
County ANSI055
ZIP Intro
Alias Intro
Facility CodeP
City Delivery IndicatorY
Carrier Route Rate SortationD
Finance Number214979
Unique ZIP Name
SSA State County Code19270
Medicare CBSA Code29180
Medicare CBSA NameLafayette, LA
Medicare CBSA TypeMetro
Market Rating Area ID3
County Mixed CaseLafayette

Louisiana Homeowners Insurance News & Information

  • Should I raise my deductible to $10,000 to help offset the cost of rising premiums? Posted on Wednesday 15th May, 2024

    According to industry reports, homeowners are raising their deductibles to $5,000 to $10,000 to help offset the cost of rising premiums.  While raising a deductible into the stratosphere will absolutely lower your homeowner insurance premium, it does mean that you will have to cover your deductible amount in the event you have to make a […]

  • Should I choose the minimum or maximum homeowners insurance coverage? Posted on Monday 13th May, 2024

    As homeowner insurance rates rise across the country, some homeowners are opting for policies that offer minimal coverage to keep their premiums affordable. Unfortunately, this choice will leave them at higher risk and in a position where they may have to pay more out of pocket if they have to make a claim on their […]

  • Texas is Seeing Major Increases in the Cost of Homeowners Insurance Posted on Tuesday 7th May, 2024

    Like much of the rest of the country, Texas is seeing major increases in the cost of homeowners insurance. According to an article in Austin American-Stateman, residents of Texas have seen their insurance rates go up 50.9% on average which is the largest increase in the country for that time period. Unfortunately, experts are predicting […]