MoneyGeek looked at quotes from the most prominent insurers in Illinois in order to figure out how much homeowners' insurance in Illinois costs. MoneyGeek used Quadrant to compare quotes by zip code in Illinois. The result was a breakdown of average costs for dwelling coverage, liability coverage, and personal property coverage.
Allstate
Allstate homeowners' insurance is priced differently depending on the amount of coverage you select and the location of your home. Costs will vary depending on your home's type, age and claims history. A local agent can provide a quote or online for homeowners insurance. Compare Allstate rates and coverage options before deciding to purchase an Allstate policy.
Allstate is an affordable insurance provider, and their homeowner insurance cost averages around $930 per year. The company's website has a free online quote tool that will give you an estimate of how much your home insurance will cost. You will be asked for your zipcode and basic information about your home. This tool will calculate how much each month your policy will cost.
Farmers
Farmers is Illinois's largest provider home insurance. It offers a wide range coverage at affordable rates. They also offer discounts on bundling policies, and for certain renovations like a new roof. Farmers policies can be purchased online or by phone, which makes them convenient. You can also compare rates and coverages with modern tools, like mobile apps.
The Illinois Farmers homeowners insurance average cost is $1592, which falls below the $2053 state 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. By combining policies with the same company, or installing security devices such as burglar alarms, you can receive a discount. If you have Nationwide insurance, or if your home is new, you may be eligible for a discount.
Nationwide offers homeowners insurance throughout the country. They also offer a variety of insurance policies. Nationwide also offers discounts to multipolicy bundles as well as home security systems and gated communities. These policies will protect your assets in a variety of circumstances. You can save money by adding these policies to your annual premiums.
Farmers Connected to Home
Farmers is the largest home insurer in the state, and it offers affordable prices. Farmers offers an impressive range of coverage options as well as endorsements. The company also provides special discounts for people who have never filed a claim. Farmers also offers discounts for multiple policies.
There are many factors that can affect the cost of homeowner's insurance. Rates vary from one state or another. The average homeowner's insurance cost in Hawaii is $100 per month. The average homeowner's policy cost in other states is much higher.
USAA
The average USAA homeowner's insurance policy cost in Illinois is below $1,100 per calendar year. The company has a good reputation, but some consumers complain about the premium. The rates and discounts are appreciated by most customers. USAA ranks in the middle of the pack when compared to its competitors.
The Illinois home insurance rates charged by USAA are comparable with the national average. Chicago insurance is more expensive than other parts of the state.