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 result was a breakdown of average costs for dwelling coverage, liability coverage, and personal property coverage.
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 insurer. Their homeowner insurance costs average around $930 per calendar year. You can get a free estimate on your home insurance costs by visiting the company's website. The online quote tool will need your zip code along with some basic information about you home. This tool will calculate how much each month your policy will cost.
Farmers
Farmers is one of the biggest providers of home insurance in Illinois, and their policies offer a wide range of coverage and reasonable rates. Bundling policies are available at a discount, as well as certain renovations (like a new roof). Farmers also allows you to purchase policies online or over-the-phone. You can also compare rates and coverages with modern tools, like mobile apps.
Average Illinois homeowners insurance cost from Farmers is $1592, which is less that the state's average $2,053. Farmers policies offer a host of incredible perks. For example, a guaranteed rate hike after five consecutive years with no 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 is available in a number of ways that can help you save money. 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. You can also receive a discount if you own a new home or have had Nationwide insurance in the past.
Nationwide offers homeowners insurance throughout the country. They also offer a variety of insurance policies. Nationwide also offers discounts for multipolicy packages, home security systems, gated communities, and other insurance policies. These policies can protect your assets under a variety of conditions. Adding these policies will also save you money on annual premiums.
Farmers Connected Home
Farmers is one of the largest home insurance companies in the state and offers competitive prices. Farmers also offers an excellent range of coverage options and endorsements. Farmers also offers special discounts to people who have not yet filed a claim. Farmers can help you save money if your policies are combined.
Insurance rates for homeowners can vary widely from one state to 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 homeowners insurance premium in Illinois is under $1,100 a year. Although the company is well-respected, there are some complaints about the premium. However, the majority of customers are satisfied with the rates and discounts. USAA ranks middle in comparison to other providers.
Home insurance rates for USAA in Illinois are similar to the national average. However, the cost of insurance in Chicago is considerably higher than elsewhere in the state.