Gavop's guide to buying homeowners insurance in Franklin, LA covers how to get the right coverage, optimize deductibles, identify the best agents, understand claim requirements, avail discount options, compare cheap quotes and research reviews.
| Franklin, LA - Neighbourhoods, Census Blocks & Streets | 3 Bedroom | 2 Bedroom | ||||
|---|---|---|---|---|---|---|
| Average Home Value | Estimated Replacement Value | Recommended Home Insurance Coverage | Average Home Value | Estimated Replacement Value | Recommended Home Insurance Coverage | |
| Haskins Rd, Newman St, Lanier Dr, Franks Rd, Ralph Easterling Rd, Porter Rd, Otto Walker Rd, Charles Buck Rd, Adams Rd, Dean Rd | $166,500 | $150,000 | $150,000-$175,000 | $121,500 | $110,000 | $100,000-$125,000 |
| Hwy 874, Carson Rd, State Rte 610, Mullican Rd, Jack Till Rd, Hwy 17, Wyatt St, Polk St, Western St, Company Farm Rd | $101,000 | $90,000 | $100,000-$125,000 | $51,000 | $40,000 | $25,000-$50,000 |
| White Rd, Prather Loop, Raspberry Bridge Rd, Claude St, Industrial Dr, Chase Rd, Washington St, Fort Scott St, George Jones Rd, Hwy 618 | $119,500 | $110,000 | $125,000-$150,000 | $89,000 | $80,000 | $75,000-$100,000 |
| Plum St, North St, Hwy 867, Clint Jones Rd, West St, Ramage St, Hwy 875, Dana Ln, Como Rd, Hoggatt Ln | $81,000 | $80,000 | $50,000-$75,000 | $62,000 | $50,000 | $50,000-$75,000 |
| Lee Boutwell Rd, Muckelrath Rd, Alice St, Tatum Rd, Preacher Simons Rd, Hwy 876, Lain Rd, McCurley Rd, Hwy 610, Glasgow St | $141,000 | $110,000 | $150,000-$175,000 | $103,500 | $100,000 | $75,000-$100,000 |
| Owens St, Caston St, Stribling Rd, Julian Parker Rd, Robinson Dairy Rd, Ashley Loop, Ward Bend Rd, Calhoun Rd, Gill Rd, State Rte 869 | $76,500 | $70,000 | $50,000-$75,000 | $62,500 | $60,000 | $50,000-$75,000 |
| Turtle Creek Loop, Pine Prairie Loop, Tom Davis Ln, Maple Cir, Sweet Potato Rd, Smith St, Lemoine Ln, Liddieville Rd, Ernest Rd, C M Ashley Loop | $146,000 | $130,000 | $150,000-$175,000 | $103,000 | $90,000 | $100,000-$125,000 |
| Nelson Rd, Front St, Duncan Rd, Robert Ferrington Rd, Erline Jones Rd, J C Talbert Rd, Preston Shivers Rd, Charles McMahon Rd, Wyman Rd, Dorothy Curtis Rd | $72,000 | $60,000 | $75,000-$100,000 | $60,000 | $60,000 | $50,000-$75,000 |
| McFarland Rd, Ingram Rd, Fortenberry Rd, State Rte 865, Henderson Rd, Prairie St, Redwood Cir, Isaac Rd, Danny Wallace Ln, Short St Elam | $88,000 | $80,000 | $75,000-$100,000 | $72,000 | $70,000 | $75,000-$100,000 |
| Asa Knox Rd, Walker Dr, Rabbit Ln, Roy Till Rd, Hwy 860, Hwy 128, Peoples Rd, State Rte 17, Hunter St, Bobby Woods Rd | $120,000 | $100,000 | $100,000-$125,000 | $114,000 | $100,000 | $100,000-$125,000 |
| Type | Discount ($) | Premium After Discount ($) |
|---|---|---|
| Multipolicy Discount | -$166 | $706 |
| Superior Protection Discount | -$87 | $785 |
| Fire & Security Discount | -$61 | $811 |
| Hail Resistant Roof Discount | -$17 | $854 |
| Newly Constructed Home Discount | -$244 | $628 |
| Low Deductible ($500) | High Deductible ($2500) | |||||
|---|---|---|---|---|---|---|
| Place | Example Claim Amount | Yearly Premium | Total Yearly Cost | Yearly Premium | Total Yearly Cost | Net Savings for High Deductible Plan |
| Franklin Parish | $1,000 | $861 | $1,861 | $626 | $1,626 | $235 |
| Franklin, LA | $1,000 | $861 | $1,861 | $626 | $1,626 | $235 |
| Richland, LA | $500 | $897 | $1,397 | $652 | $1,152 | $245 |
| Alcorn State University, MS | $2,500 | $1,399 | $3,899 | $1,017 | $3,517 | $382 |
| West Monroe, LA | $200 | $1,011 | $1,211 | $735 | $935 | $276 |
| Port Gibson, MS | $2,000 | $936 | $2,936 | $680 | $2,680 | $256 |
| Midway, LA | $300 | $1,790 | $2,090 | $1,301 | $1,601 | $489 |
| Tullos, LA | $700 | $358 | $1,058 | $260 | $960 | $98 |
| Jefferson County, MS | $200 | $659 | $859 | $479 | $679 | $180 |
| Fayette, MS | $700 | $808 | $1,508 | $587 | $1,287 | $221 |
| Eros, LA | $100 | $1,023 | $1,123 | $743 | $843 | $279 |
| Forest, LA | $1,000 | $1,012 | $2,012 | $735 | $1,735 | $276 |
| Place | Typical Home Value | Typical Home Insurance Costs | 25th Percentile | 75th Percentile | Potential Savings & Difference between 25th & 75th Percentile |
|---|---|---|---|---|---|
| Louisiana | $152,900 | $1,666 | $1,170 | $2,400 | $1,230 |
| Franklin Parish, LA | $83,200 | $872 | $610 | $1,260 | $650 |
| Franklin, LA | $83,200 | $872 | $610 | $1,260 | $650 |
| Richland, LA | $86,900 | $908 | $640 | $1,310 | $670 |
| Alcorn State University, MS | $153,600 | $1,416 | $950 | $2,020 | $1,070 |
| West Monroe, LA | $122,800 | $1,023 | $720 | $1,470 | $750 |
| Port Gibson, MS | $77,800 | $947 | $680 | $1,300 | $620 |
| Midway, LA | $178,100 | $1,812 | $1,270 | $2,610 | $1,340 |
| Tullos, LA | $34,900 | $362 | $250 | $520 | $270 |
| Jefferson County, MS | $57,100 | $667 | $450 | $940 | $490 |
| Fayette, MS | $60,300 | $818 | $580 | $1,150 | $570 |
| Eros, LA | $82,900 | $1,035 | $720 | $1,490 | $770 |
| Forest, LA | $82,000 | $1,024 | $720 | $1,470 | $750 |