Get multiple home insurance quotes in 71203. Our licensed 71203, LA agents are ready to serve you.

71203 Home Insurance Rates & Premiums

Did you know there are over 37,438 people living within the 71203 zip code area? There are over 14,922 occupied dwellings which means many homeowners like you that are interested in lower premiums or better coverage options. At GetHomeInsuranceQuotes.com, we provide a free shopping services online or over the phone. Our process includes the following:

  1. We will shop up to 12 home insurance companies for free.
  2. We will apply all discounts and credits to help you save up to 40% or more.
  3. We will answer any questions that you may.
  4. We will review the best policy and coverage option in 71203.

Let us help you shop and compare rates today, just enter your zip code to get your free online home insurance quotes. Please give us a call now at 1-855-976-2656, and easily get up to 12 rates over the phone in minutes.

Average homeowners insurance premiums in Louisiana are on the rise. The estimated average premium is around $1,515 a year for a standard homeowners insurance policy in Monroe. You can find out more information about home insurance premiums, discounts and crime rate information by clicking your city below.

City: Monroe, LA Homeowners Insurance Quotes Online

71203 Home Insurance Average Premiums

Local 71203 homeowners insurance quotes comparison

$1265 /yr.

Shows Zip Code: 71203 lowest rates with discounts applied on average.

For the 71203, 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)
$1265 /yr.
Average Coverage:$1515 /yr.
2600 sq. ft. or higher
(all discounts applied)
$1815 /yr.

What is the average home insurance cost for a home in 71203?

  • • The average homeowners insurance premium paid annually for a home in 71203 is around $1515 per year.

What does it cost on average per month for home insurance in 71203?

  • • Homeowners in 71203 pay a monthly average cost per month around $126.00.

What kind of discount could I get if I combine my home and auto insurance together in 71203?

  • • Autoowners in 71203 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 Monroe area, check out other zip codes nearby 71203.
Review average rates in another zip code:
71202 homeowners insurance rates
71203 homeowners insurance rates
71201 homeowners insurance rates
71209 homeowners insurance rates

Home Replacement Cost Coverage in 71203

Average Building Cost Per Square Foot in 71203: $122

Location: Monroe, Louisiana (Ouachita County)

Average Square Footage in 71203: 1,262 Sq. Ft.

When building or updating a home, it's always good to review the average cost per square foot to build in 71203 before you start any project. Monroe 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 71203 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 71203 and want to estimated the dwelling coverage, than we will need the square footage of the home which is 1,262 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 Monroe 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$1221,262$154,000
Additional Upgrades & Added Features$1531,262$192,500
Major Home Updates or Advancements$1831,262$231,000

It's important to understand that when you estimate your replacement cost of your home in the 71203 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 71203

American Insurance of Monroe

Address: 200 Desiard Plaza Drive Monroe, LA 71203
Phone: (318)387-6131
Website:

Perkins Insurance Agency

Address: 408 Kansas Lane Suite A Monroe, LA 71203
Phone: (318)345-1340
Website:

Best Home & Auto Insurance Agencies in 71203

Shelter Insurance

Address: Bayou Shores Dr Monroe, LA 71203
Phone:
Website: http://www.shelterinsurance.com
Info: Affordable Car Insurance | Car Insurance Online | Shelter Insurance
Get affordable car insurance from Shelter Insurance today! We also offer renters insurance, life insurance, home insurance, and more. Car insurance, car insurance quotes, free car insurance quotes, car insurance quote, affordable car insurance, car insurance online, affordable car insurance free online quotes, discount car insurance, online car insurance quotes, car insurance for young

State Farm Insurance Companies - Agents

Address: 4161 Sterlington Rd Monroe, LA 71203
Phone:
Website: http://www.statefarm.com
Info: State Farm - Car Insurance Quotes - Save on Auto Insurance
State Farm offers more discounts to more drivers than any other insurance company. Get a free quote today and see how you can save on auto, home, life and more. State Farm, auto insurance, car insurance, home insurance, homeowners insurance, renters insurance, life insurance, health insurance, annuities, mutual funds, banking, car loans, credit cards, Visa gift cards

American Insurance of Monroe

Address: 200 Desiard Plaza Dr Monroe, LA 71203
Phone:
Website:
Info:

Perkins Insurance Agency

Address: 408 Kansas Ln Monroe, LA 71203
Phone:
Website:
Info:

Ray Golemon Insurance Agency Inc

Address: 99 Lincoln Rd Monroe, LA 71203
Phone:
Website: http://www.statefarm.com
Info: State Farm - Car Insurance Quotes - Save on Auto Insurance
State Farm offers more discounts to more drivers than any other insurance company. Get a free quote today and see how you can save on auto, home, life and more. State Farm, auto insurance, car insurance, home insurance, homeowners insurance, renters insurance, life insurance, health insurance, annuities, mutual funds, banking, car loans, credit cards, Visa gift cards

Housing Demographics for 71203

Population Review for 71203 Zip Code

For the city of Monroe, the population within 71203 has increased to over 40,481 residents in population size. The current population total is 37,438. We have broken down the population based on race below. In 71203, there are over 17499 in male population and 19939 females.

PopulationValues
Total Population37,438
White Population16310
Black Population18544
Hispanic Population856
Asian Population701
Hawaiian Population14
Indian Population95
Other Population373
Male Population17499
Female Population19939
Population Estimate40481

Household Data for 71203

The average number of homes in 71203 is around 14,922, there are an average of 2.45 per household. The average house value according to local real estate values is around $154,000. Please review the following demographics below for average income and media age.

Housing / Income DataValues
Households Per Zipcode14,922
Persons Per Household2.45
Average House Value$154,000
Income Per Household$40388
Median Age34.7
Median Age Male32.7
Median Age Female36.3
71203 DetailsValues
StateLA
State Full NameLouisiana
City TypeP
City Alias Abbreviation
Area Code318
CityMonroe
City Alias NameMONROE
CountyOuachita
County FIPS073
State FIPS22
Time Zone6
Day Light SavingY
MSA5200
PMSA
CSA384
CBSA33740
CBSA_DIV
CBSA_TypeMetro
CBSA_NameMonroe, LA
MSA_NameMonroe, LA MSA
PMSA_Name
RegionSouth
DivisionWest South Central
MailingNameY
Economic & Growth ReviewValues
Number Of Businesses687
Number Of Employees12492
Business First Quarter Payroll137998
Business Annual Payroll512482
Business Employment Flag
Growth Rank0
Growth Housing Units 2003
Growth Housing Units 2004
Growth Increase Number0
Growth Increase Percentage0.0
Metropolitan DetailsValues
CBSA Population176441
CBSA Division Population0
Congressional District05
Congressional LandArea14452.88
Delivery Residential16523
Delivery Business897
Delivery Total17640
Preferred Last Line KeyY24156
Classification Code
Multi-County
CSA NameMonroe-Ruston, LA
CBSA_DIV_Name
City State KeyY24156
Land Area118.543000
Water Area5.981000
City Alias Code
City Mixed CaseMonroe
City Alias Mixed CaseMonroe
Box Count0
SFDU11893
MFDU2432
State ANSI22
County ANSI073
ZIP Intro
Alias Intro
Facility CodeP
City Delivery IndicatorY
Carrier Route Rate SortationD
Finance Number216175
Unique ZIP Name
SSA State County Code19360
Medicare CBSA Code33740
Medicare CBSA NameMonroe, LA
Medicare CBSA TypeMetro
Market Rating Area ID7
County Mixed CaseOuachita

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 […]