MoneyGeek compared quotes from the top Illinois insurers to determine how much homeowners insurance costs in Illinois. 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
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. Online homeowners insurance quotes can be requested or obtained from a local agent. Before deciding on an Allstate policy, compare rates and coverage options with other homeowners insurance companies.
Allstate is an affordable insurer. Their homeowner insurance costs average around $930 per calendar year. The company's website offers an online estimate tool that can give you an estimate for how much your home and auto insurance will cost. The online quote tool will need your zip code along with some basic information about you home. The tool will then give you an estimate on how much your policy would cost each month.
Farmers
Farmers is Illinois's largest provider home insurance. It offers a wide range coverage at affordable rates. You can also get discounts on bundles and certain renovations, such as a roof replacement. Farmers makes it easy to purchase policies online and over the phone. With modern tools such as mobile apps, you can easily compare rates and coverages.
Average homeowners insurance costs in Illinois from Farmers are $1,592, which is lower than the $2,053 average. Farmers policies also come with a number of impressive perks like a guaranteed rate rise after five years 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 saved in many ways. You can get a discount by combining multiple policies with the same insurance company or installing protective devices such as a burglar alarm. If you've had Nationwide insurance before, you can get a discount.
Nationwide provides homeowners insurance in the entire country. However, they also offer many other insurance policies. Nationwide also offers discounts on multi-policy bundles, home alarm systems, and gated communities. These policies can protect your assets under a variety of conditions. These policies can also help you save money on 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. 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.
Homeowners insurance rates can vary significantly from state to state. In Hawaii, for example, the average homeowners insurance cost is less than $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 enjoys a great reputation, some customers complain about the high premium. Most customers are satisfied with the rates offered and the discounts. USAA ranks in the middle of the pack when compared to its competitors.
USAA's home insurance rates in Illinois are comparable to the national average. Chicago insurance is much more expensive than elsewhere in the state.