MoneyGeek reviewed quotes from the best insurers in Illinois to discover how much homeowners insurance costs. Using a program called Quadrant, MoneyGeek compared quotes by ZIP code across Illinois. This gave us an overview of the average cost of 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. Before deciding on an Allstate policy, compare rates and coverage options with other homeowners insurance companies.
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. The quote tool will ask you for your zip code, as well as some 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 one of the biggest providers of home insurance in Illinois, and their policies offer a wide range of coverage and reasonable rates. You can also get discounts on bundles and certain renovations, such as a roof replacement. 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.
The Illinois Farmers homeowners insurance average cost is $1592, which falls below the $2053 state average. Farmers policies offer a host of incredible perks. For example, a guaranteed rate hike after five consecutive years with no claims. The company also offers a declining deductible feature, which allows policyholders to decrease their deductibles every year without raising rates.
All over the country
Nationwide homeowners insurance offers many savings options. Combining multiple policies with one insurance company can result in a discount. You may also be able to get protection devices like a burglar alarm installed. If you have Nationwide insurance, or if your home is new, you may be eligible for a discount.
Nationwide provides homeowners insurance in the entire country. However, they also offer many other insurance policies. Nationwide offers discounts on multipolicy bundles and home security systems. These policies will protect your assets in many different situations. Adding these policies will also save you money on 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 great range of coverage options. 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. Hawaii, for example has an average homeowners insurance rate of less than $100 per calendar month. However, in other states, the average cost for homeowner's coverage is significantly higher.
USAA
The average USAA homeowner's insurance policy cost in Illinois is below $1,100 per calendar year. Although the company is well-respected, there are some complaints about the 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.
The Illinois home insurance rates of USAA are comparable in price to the national standard. Chicago insurance rates are much higher than elsewhere in Illinois.