In an effort to find out how much homeowners insurance in Illinois costs, MoneyGeek analyzed quotes from top insurers in the state. MoneyGeek compared Illinois ZIP code quotes using Quadrant. 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. Costs will vary depending on your home's type, age and claims history. Request a homeowners insurance quote online, or speak with a local agent. Compare Allstate rates and coverage options before deciding to purchase an Allstate policy.
Allstate is an affordable insurer. Their homeowner insurance costs average around $930 per calendar year. A free online tool allows you to get an estimate of the cost of your home insurance. The online quote tool will need your zip code along with some basic information about you home. This tool will then provide you with an estimate of how much your policy will cost each month.
Farmers
Farmers is Illinois' largest provider of home insurance. They offer affordable rates and a wide variety of coverage. In addition, they offer many discounts for bundling policies and certain renovations, like a new roof. Farmers allows you to buy policies online or over the telephone, making it convenient. You can also compare rates and coverages with modern tools, like mobile apps.
The average homeowners insurance cost in Illinois for Farmers is $1,592, which compares to the $2,053 state average. Farmers policies also come with a number of impressive perks like a guaranteed rate rise after five years without any claims. The company also offers a decreasing deductible option, which allows policyholders lower their deductibles each calendar year without increasing 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. You may also qualify for a discount if Nationwide has insured you in the past or if you just bought a home.
Nationwide offers homeowners insurance all over the country. It also offers a wide range of other insurance policies. Nationwide also offers discounts for multipolicy packages, home security systems, gated communities, and other insurance policies. These policies protect assets in a range of situations. These policies will help you save money on annual premiums.
Farmers Connected Home
Farmers is the largest state-owned home insurance company and has competitive rates. Farmers offers a wide range of coverage options, endorsements, and other benefits. Farmers also offers special discounts to people who have not yet filed a claim. You can also save on your insurance if you bundle multiple policies with Farmers.
Insurance rates for homeowners can vary widely from one state to another. Hawaii, for instance, has a homeowners insurance premium that is lower than $100 per months. But, homeowners insurance in other states can be significantly more expensive.
USAA
In Illinois, the average cost of homeowners insurance from USAA is less than $1,100 per annum. The company has a good reputation, but some consumers complain about the premium. Customers are generally happy with the rates, discounts and service. USAA is middle of pack when it comes to competition.
The Illinois home insurance rates of USAA are comparable in price to the national standard. However, the cost of insurance in Chicago is considerably higher than elsewhere in the state.