In an effort to find out how much homeowners insurance in Illinois costs, MoneyGeek analyzed quotes from top insurers in the state. Using a program called Quadrant, MoneyGeek compared quotes by ZIP code across Illinois. The average cost of dwelling insurance, liability coverage, as well as personal property coverage was calculated.
Allstate
The price of Allstate homeowners insurance varies depending on the level of coverage you want and your home's location. Your home's age and history of claims will impact the cost of homeowners insurance. Online homeowners insurance quotes can be requested or obtained from a local agent. Compare Allstate policies and coverage options to determine if they are worth your time.
Allstate is an affordable insurance provider, and their homeowner insurance cost averages around $930 per year. You can get a free estimate on your home insurance costs by visiting the company's website. The quote tool will require you to enter your zip code as well as basic information about where you live. This tool will give you an estimate of how much your monthly policy will cost.
Farmers
Farmers is Illinois's largest provider home insurance. It offers a wide range coverage at affordable rates. Bundling policies are available at a discount, as well as certain renovations (like a new roof). Farmers policies can be purchased online or by phone, which makes them convenient. With modern tools such as mobile apps, you can easily compare rates and coverages.
Average Illinois homeowners insurance cost from Farmers is $1592, which is less that the state's average $2,053. Moreover, Farmers' policies come with several impressive perks, such as a guaranteed rate increase after five years of no claims. The company also offers a declining deductible feature, which allows policyholders to decrease their deductibles every year without raising rates.
Nationwide
Nationwide homeowners insurance can be saved in many ways. By combining policies with the same company, or installing security devices such as burglar alarms, you can receive a discount. You may also qualify for a discount if Nationwide has insured you in the past or if you just bought a home.
Nationwide offers homeowners coverage across the nation. But, Nationwide also offers many other types of insurance policies. Nationwide also offers discounts to multipolicy bundles as well as home security systems and gated communities. These policies will protect you assets under many circumstances. These policies will help you save money on annual premiums.
Farmers Connected Home
Farmers is the largest home insurer in the state, and it offers affordable prices. Farmers also offers a great range of coverage options. For those who have never made a claim, Farmers offers discounts. You can also save on your insurance if you bundle multiple policies with Farmers.
You will find that homeowner insurance rates vary significantly from one place to another. In Hawaii, for example, the average homeowners insurance cost is less than $100 per month. However, homeowner's insurance costs in other states are significantly higher.
USAA
The average USAA homeowners insurance premium in Illinois is under $1,100 a year. While the company enjoys a good reputation, some consumers are unhappy with the premium. Customers are generally happy with the rates, discounts and service. USAA ranks middle in comparison to other providers.
Home insurance rates for USAA in Illinois are similar to the national average. Chicago insurance costs are significantly higher than in other areas of Illinois.