MoneyGeek obtained quotes from several top Illinois insurance companies to help determine the cost of homeowners insurance. MoneyGeek compared Illinois ZIP Codes using Quadrant. The results showed a breakdown on the average cost of dwelling, liability, and personal coverage.
Allstate
Allstate homeowners insurance pricing varies depending upon the level of coverage that you want and where your home is located. Your home's age and history of claims will impact the cost of homeowners insurance. You can request a homeowners insurance quote online or from a local agent. Compare rates and coverage options from other homeowners insurance companies before you decide on Allstate.
Allstate insurance is affordable. The homeowner insurance average cost is around $930 annually. You can get a free estimate on your home insurance costs by visiting the company's website. You will be asked for your zipcode and basic information about your home. The tool will then give you an estimate on how much your policy would cost each month.
Farmers
Farmers is Illinois' largest provider of home insurance. They offer affordable rates and a wide variety of coverage. You can also get discounts on bundles and certain renovations, such as a roof replacement. Purchasing policies through Farmers can also be convenient because they allow you to purchase them online or over the phone. With modern tools such as mobile apps, you can easily compare rates and coverages.
The Illinois Farmers homeowners insurance average cost is $1592, which falls below the $2053 state average. Farmers policies have a lot of perks. They include a guaranteed rate increase after five year without any claims. Additionally, the company offers a declining-deductible feature that allows policyholders decrease their deductibles every single year without raising rates.
Nationwide
Nationwide homeowners' insurance can be shopped in a variety ways. A combination of multiple policies from the same insurer or installation of protective devices, such as a burglar alarm, can help you get a discount. A discount may also be available if you are a homeowner or have Nationwide coverage in the past.
Nationwide offers homeowners coverage across the nation. But, Nationwide also offers many other types of insurance policies. The company also offers discounts for multipolicy bundles, home security systems, and gated communities. These policies can protect your assets under a variety of conditions. These policies will save you money on your annual premiums.
Farmers Connected Home
Farmers is one the most popular home insurance companies in the State and offers great prices. Farmers also offers a variety of coverage options and endorsements. People who have never claimed are eligible for special discounts from Farmers. Farmers also offers discounts for multiple policies.
Homeowners insurance rates can vary significantly from state to state. Hawaii, for example has an average homeowners insurance rate of less than $100 per calendar month. The average homeowner's policy cost in other states is much higher.
USAA
The average USAA homeowners insurance cost in Illinois is just under $1,100 per year. The company has a good reputation, but some consumers complain about the premium. Regardless, most customers are happy with the rates and discounts. USAA ranks middle in comparison to other providers.
The Illinois home insurance rates of USAA are comparable in price to the national standard. Chicago insurance is much more expensive than elsewhere in the state.