MoneyGeek reviewed quotes from the best insurers in Illinois to discover how much homeowners insurance costs. MoneyGeek compared Illinois ZIP codes using a program called Quadrant. The results showed a breakdown on the average cost of dwelling, liability, and personal coverage.
Allstate
The price of Allstate homeowners insurance varies depending on the level of coverage you want and your home's location. The type of home you have and the history of any claims will affect how much it costs. A homeowner's insurance quote can be obtained online or at a local agency. Compare Allstate policies and coverage options to determine if they are worth your time.
Allstate insurance is affordable. The homeowner insurance average cost is around $930 annually. The company's website has a free online quote tool that will give you an estimate of how much your home insurance will cost. The quote tool will ask you for your zip code, as well as some basic information about your home. This tool will calculate how much each month your policy will cost.
Farmers
Farmers is Illinois' largest provider for home insurance. Their policies offer affordable rates and wide coverage. Farmers also offers discounts for bundling policies or certain renovations such as a new roof. Farmers makes it easy to purchase policies online and over the phone. You can also compare rates and coverages with modern tools, like mobile apps.
Average homeowners insurance costs in Illinois from Farmers are $1,592, which is lower than the $2,053 average. Moreover, Farmers' policies come with several impressive perks, such as a guaranteed rate increase after five years of no claims. It also has a declining deductible feature that allows policyholders reduce their deductibles every other year, without raising rates.
Nationwide
Nationwide homeowners insurance is available in a number of ways that can help you save money. Combining multiple policies with one insurance company can result in a discount. You may also be able to get protection devices like a burglar alarm installed. If you have Nationwide insurance, or if your home is new, you may be eligible for a discount.
Nationwide offers homeowners insurance all over the country. It also offers a wide range of other insurance policies. Nationwide also offers discounts on multi-policy bundles, home alarm systems, and gated communities. These policies protect assets in a range of situations. These policies will help you save money on annual premiums.
Farmers Connected Home
Farmers is a large home insurance company in California and has affordable rates. Farmers also offers a great range of coverage options. For those who have never made a claim, Farmers offers discounts. Farmers also offers discounts for multiple policies.
You will find that homeowner insurance rates vary significantly from one place to another. For example, homeowners insurance costs in Hawaii are less than $100 per monthly. The average homeowner's policy cost in other states is much higher.
USAA
In Illinois, the average cost of homeowners insurance from USAA is less than $1,100 per annum. The company has a good reputation, but some consumers complain about the premium. Customers are generally happy with the rates, discounts and service. USAA is a middle-of-the-pack competitor.
USAA's home insurance rates in Illinois are comparable to the national average. Chicago insurance is much more expensive than elsewhere in the state.