Better Fire Rating Means Lower Insurance Rates for Some in Louisiana Parish

Louisiana Commissioner of Insurance Jim Donelon says St. Landry Parish homeowners in Fire District 4, which covers the Cankton area, can expect significant rate reductions in their fire insurance premiums, effective June 6.

KATC-TV reports Donelon recognized firefighters and local officials for the improvement of their fire protection grading from Class 9 and 10 to Class 6.

Fire insurance for a home valued at $150,000 was costing residents with Class 9 rates about $2,138 a year. That cost is likely to drop to about $1,498 under the new grading, saving them about $640 in annual premiums.

Residents with a similar home with Class 10 rates were paying about $2,596 a year. Their cost is likely to drop to about $1,498, saving them about $1,098 in annual premiums.