MoneyGeek looked at quotes from the most prominent insurers in Illinois in order to figure out how much homeowners' insurance in Illinois costs. Using a program called Quadrant, MoneyGeek compared quotes by ZIP code across Illinois. This resulted in a breakdown of the average cost for dwelling coverage, personal property coverage, and liability coverage.
Allstate
Allstate homeowners insurance costs vary depending on how much coverage you need and the location of your home. The cost of Allstate homeowners insurance will depend on the age of your home, as well as your past claims. You can request a homeowners insurance quote online or 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 company. Their homeowner insurance cost averages about $930 per annual. 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 require you to enter your zip code as well as basic information about where you live. This tool will then provide you with an estimate of how much your policy will cost each month.
Farmers
Farmers is Illinois' largest provider for home insurance. Their policies offer affordable rates and wide coverage. Bundling policies are available at a discount, as well as certain renovations (like a new roof). Purchasing policies through Farmers can also be convenient because they allow you to purchase them online or over the phone. You can also compare rates and coverages with modern tools, like mobile apps.
Average homeowners insurance costs in Illinois from Farmers are $1,592, which is lower than the $2,053 average. Farmers policies include a variety of amazing perks. These include a guaranteed rate raise after five years of no claims. It also has a declining deductible feature that allows policyholders reduce their deductibles every other year, without raising rates.
Nationwide
Nationwide homeowners insurance is available in a number of ways that can help you save money. By combining policies with the same company, or installing security devices such as burglar alarms, you can receive a discount. If you've had Nationwide insurance before, you can get a discount.
Nationwide offers homeowners insurance throughout the country. They also offer a variety of insurance policies. Nationwide also offers discounts on multi-policy bundles, home alarm systems, and gated communities. These policies protect assets in a range of situations. These policies will help you save money on annual premiums.
Farmers Connected To Home
Farmers is the largest home insurer in the state, and it offers affordable prices. Farmers also offers an excellent range of coverage options and endorsements. The company also provides special discounts for people who have never filed a claim. 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 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. However, the majority of customers are satisfied with the rates and discounts. USAA is a middle-of-the-pack competitor.
The Illinois home insurance rates offered by USAA are comparable to the national average. Chicago insurance rates are much higher than elsewhere in Illinois.