Home Insurance in Alexandria, LA
Enjoy peace of mind with personalized home insurance in Alexandria, LA.
Situated on the southern bank of Louisiana's Red River, Alexandria is the state's ninth-largest city. While the site was initially established as a trading post, it grew into a booming town thanks to the rich farmland and crops such as sugar cane, tobacco, and cotton. Today, it's a thriving city with a rich local history and culture. The city boasts several museums and performing arts centers, plus it hosts its own Mardi Gras festival.
The U.S. Census Bureau estimated the city's population at 44,004 in 2022. The city is part of the Alexandria metropolitan area, which encompasses Rapides and Grant parishes and has an estimated population of 152, 695. The median age of Alexandria residents is 37.7 years old. reflecting a mostly middle-aged population.
Alexandria's median home value is $177,164. showing an increase of 1.41% over the last 12 months. With more than two-thirds of Alexandria residents owning their primary residences, both singles and families establish permanent roots in this Louisiana community. If you're joining this community, you can protect your new investment by using VIU by HUB to find customized home insurance in Alexandria.
Home insurance provides vital protection for Alexandria homeowners. While every policy is different, knowing general trends in costs and risks can help you select the coverage level you need.
Alexandria has a humid subtropical climate with hot, muggy summers and mild winters. Because it's located in a Gulf state, area homeowners face risks from several weather-related losses. Risk Factor states that the city has a major flood risk, with 43% of its properties having at least a 26% risk of being severely affected by flooding. Alexandria also has a severe wind risk, with hurricanes posing the greatest threat.
Home insurance policies contain multiple coverage types. Designed to protect against major losses, these policies address risks in four unique categories:
Most home insurance plans don't automatically include flood damage coverage, so you must purchase it separately. With Alexandria's higher-than-normal flood risks, your mortgage company may require you to purchase flood insurance. Standard-rated flood policies typically cover the actual cash value of your dwelling and its contents.
The average Alexandria homeowner pays $2,155 per year for coverage, which is slightly higher than the national average of $1,820. Keep in mind that several factors impact home insurance costs in Alexandria: the home's location, age, and value, as well as the homeowner's credit history and unique risks such as hurricanes or flooding.
No two homes are alike ” and neither are their insurance needs. With VIU by HUB's easy online tool, you can get quotes from various providers for home insurance in Alexandria, LA. Compare your options and choose a personalized policy that meets your needs and budget. Input some basic information about your location and your home and start comparing.
This information is intended for general informational purposes only and is not intended to constitute legal advice.
Insurance Information Institute
