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 results showed a breakdown on the average cost of dwelling, liability, and personal coverage.
Allstate
Allstate homeowners insurance prices vary depending on what level you choose and where your home is located. The type of home you have and the history of any claims will affect how much it costs. A local agent can provide a quote or online for homeowners insurance. Compare rates and coverage options from other homeowners insurance companies before you decide on Allstate.
Allstate is an affordable provider of insurance. The average homeowner insurance cost is $930 per 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. The tool will provide an estimate of the monthly cost of your policy.
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 policies can be purchased online or by phone, which makes them convenient. With modern tools such as mobile apps, you can easily compare rates and coverages.
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. It also has a declining deductible feature that allows policyholders reduce their deductibles every other year, without raising rates.
Nationwide
Nationwide homeowners insurance can be saved in many 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 provides homeowners insurance in the entire country. However, they also offer many other insurance policies. Nationwide also offers discounts to multipolicy bundles as well as home security systems and gated communities. These policies will protect your assets in a variety of circumstances. You can save money by adding these policies to 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 great range of coverage options. For those who have never made a claim, Farmers offers discounts. Farmers offers multiple insurance policies that can be combined to save you money.
Homeowners insurance rates can vary significantly from state to state. For example, homeowners insurance costs in Hawaii are less than $100 per monthly. But, homeowners insurance in other states can be significantly more expensive.
USAA
The average USAA homeowners insurance cost in Illinois is just under $1,100 per year. While the company enjoys a good reputation, some consumers are unhappy with the premium. However, the majority of customers are satisfied with the rates and 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 more expensive than other parts of the state.