Get multiple home insurance quotes in 70507. Our licensed 70507, LA agents are ready to serve you.

70507, LA Homeowners Insurance Rates

With a population size of 17,791 and with 7,001 occupied homes in the 70507 area, our online shopping service is becoming very helpful for homeowners like you. The average home insurance premiums in Lafayette, LA are around $1,537 per year for a standard HO-3 homeowners policy. Wouldn't you love to save up to 40% or more on your next home insurance policy? Our process easily compares the most competitive rates, while including all discounts and credits, plus reviewing all enhanced coverage options. You will find that GetHomeInsuranceQuotes.com is the best place online to shop for home insurance rates in Lafayette, Louisiana. If you are looking for more affordable rates, let us help you shop and compare your next homeowners policy today. Just enter your zip code to start online comparing, or give us a call at 1-855-976-2656 so we can help you review rates today!

It's important to know that if your Louisiana home may be located in a risk area that is prone to flooding, hurricanes or earthquakes. You may need additional coverage that is not part of your current policy like an HO-3 or HO-2. We can help you review the best protection and coverage options for your home located in Lafayette, LA.

For Louisiana home insurance information, including average Lafayette home insurance rates, coverage options or the different homeowners insurance types, please select Lafayette, LA Home Insurance Quotes Now!

70507 Home Insurance Average Premiums

Local 70507 homeowners insurance quotes comparison

$1287 /yr.

Shows Zip Code: 70507 lowest rates with discounts applied on average.

For the 70507, 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)
$1287 /yr.
Average Coverage:$1537 /yr.
2600 sq. ft. or higher
(all discounts applied)
$1837 /yr.

What is the average home insurance cost for a home in 70507?

  • • The average homeowners insurance premium paid annually for a home in 70507 is around $1537 per year.

What does it cost on average per month for home insurance in 70507?

  • • Homeowners in 70507 pay a monthly average cost per month around $128.00.

What kind of discount could I get if I combine my home and auto insurance together in 70507?

  • • Autoowners in 70507 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 70507.
Review average rates in another zip code:
70503 homeowners insurance rates
70501 homeowners insurance rates
70507 homeowners insurance rates
70508 homeowners insurance rates
70506 homeowners insurance rates

Home Replacement Cost Coverage in 70507

Average Building Cost Per Square Foot in 70507: $122

Location: Lafayette, Louisiana (Lafayette County)

Average Square Footage in 70507: 1,464 Sq. Ft.

When building or updating a home, it's always good to review the average cost per square foot to build in 70507 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 70507 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 70507 and want to estimated the dwelling coverage, than we will need the square footage of the home which is 1,464 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$1221,464$178,600
Additional Upgrades & Added Features$1531,464$223,250
Major Home Updates or Advancements$1831,464$267,900

It's important to understand that when you estimate your replacement cost of your home in the 70507 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 70507

Best Home & Auto Insurance Agencies in 70507

Quote LA Insurance & Investments

Address: 201 Julian Cir Lafayette, LA 70507
Phone:
Website: http://www.elocalprofiles.com/InsuranceAgencyinLafayette43811.html
Info:

Allstate Insurance Company - Leo P Spencer

Address: 4490 Moss St Lafayette, LA 70507
Phone:
Website: http://www.allstateagencies.com/018024?cid=OTC-YP.com-IYP&att=TL
Info:

Allstate Insurance-Leo Spencer Agent

Address: 4490 Moss St, Ste C Lafayette, LA 70507
Phone:
Website: http://www.elocallisting.com/local/insurance/allstate_insurance-leo_spencer_agent17115_2.html
Info:

Housing Demographics for 70507

Population Review for 70507 Zip Code

For the city of Lafayette, the population within 70507 has increased to over 20,520 residents in population size. The current population total is 17,791. We have broken down the population based on race below. In 70507, there are over 8450 in male population and 9341 females.

PopulationValues
Total Population17,791
White Population8207
Black Population7941
Hispanic Population1044
Asian Population162
Hawaiian Population6
Indian Population57
Other Population521
Male Population8450
Female Population9341
Population Estimate20520

Household Data for 70507

The average number of homes in 70507 is around 7,001, there are an average of 2.53 per household. The average house value according to local real estate values is around $178,600. Please review the following demographics below for average income and media age.

Housing / Income DataValues
Households Per Zipcode7,001
Persons Per Household2.53
Average House Value$178,600
Income Per Household$63125
Median Age36.3
Median Age Male35.7
Median Age Female36.9
70507 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 Businesses413
Number Of Employees6653
Business First Quarter Payroll72175
Business Annual Payroll320091
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 Residential8111
Delivery Business475
Delivery Total11036
Preferred Last Line KeyY23984
Classification Code
Multi-County
CSA NameLafayette-New Iberia-Opelousas, LA
CBSA_DIV_Name
City State KeyY23984
Land Area21.429000
Water Area0.011000
City Alias Code
City Mixed CaseLafayette
City Alias Mixed CaseLafayette
Box Count0
SFDU5284
MFDU1012
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

  • 2025 – Study Shows Home Insurance Market Stabilizing Posted on Wednesday 11th December, 2024

    According to a new report from Matic, the homeowner’s insurance market has shown signs of stabilizing roughly two years after major premium hikes and coverage challenges.  Even though premiums are high, trends in the insurance industry show that a slowdown in premium growth may be coming. Here is a brief overview of the report and […]

  • What’s the average home insurance rate for a $300K home in 2024? Posted on Monday 9th December, 2024

    A recent report from Insurance.com found that the average homeowners insurance rate for a $300,000 in homeowners coverage hit $2,777 per year which breaks down to $231 monthly.  The cost of homeowners insurance in some states can be extremely expensive, for years Florida has been know to have the highest premiums in the nation. When […]

  • $4.5B Estimated In Insured Losses After 2024 Florida Hurricanes Posted on Wednesday 13th November, 2024

    According to the Florida Office of Insurance Regulation, the three hurricanes that made landfall this year have caused more than $4.5 billion in estimated insured losses. Hurricane Debby, Helene and Milton all hit the state within two months of each other Helene and Milton struck just two weeks apart. State data show that over 269,000 […]