Find the Best Homeowners Insurance Rates & Companies in Illinois
If you are looking for homeowners insurance in Illinois, you will find there are many insurance companies from which you can choose. Comparison shopping enables you to purchase the policy that offers the best coverage at the most competitive rate.
Independent insurance agents make comparison shopping easy. These agents have relationships with some of the most highly-rated insurance companies in Illinois. They can quickly present you with a selection of policies and customized quotes that you can review and compare together. That way, you can choose the policy that offers the coverage you want at the best value.
Arrange an obligation-free consultation with an independent insurance agent near you to get started.
The Best Homeowners Insurance Companies in Illinois
There is no such thing as one specific insurance company that is the best choice for every homeowner in Illinois. The trick is to find the company that is best for you. That is why independent insurance agents work with multiple top-rated insurance providers, including companies like:
- Nationwide: Enjoy worry-free claims, customized coverage, and quality customer service when you purchase a policy through Nationwide.
- Travelers Insurance: Since 1963, Travelers has provided its customers with reliable coverage through its full line of insurance products.
- Progressive: The convenience of state-of-the-art online services and an award-winning mobile app make this insurance company a top choice for residents of Illinois.
- Selective Insurance: Selective offers its policyholders a broad range of personal, commercial excess, and flood insurance products.
- PURE: Pure is a member-owned insurer that provides home insurance policies exclusively for high-net-worth individuals who own homes valued at $1 million or more.
- Safeco: A Liberty Mutual subsidiary, Safeco has been providing personal insurance coverage since 1923. Talk to an independent agent to learn more about how Safeco can protect your home and property.
Start your search for the best home insurance company in Illinois by consulting with a local independent insurance agent. These experienced agents can help you determine whether one of the insurers listed above or any of our many other partner insurance companies is the right choice for you.
What Homeowners Insurance in Illinois Can Cover
If you own a house in the Land of Lincoln, you can protect the investment you have made in it by purchasing a good home insurance policy. Illinois home insurance has six types of coverage:
- Dwelling Coverage: This is referred to as Coverage A. It covers damage to the structure of your home.
- Other Structures Coverage: This is referred to as Coverage B. It covers damage to structures on your property that are detached from your home, like sheds, fences, and gazebos.
- Contents Coverage: This is referred to as Coverage C. It covers loss or damage to your personal property.
- Loss of Use Coverage: This is referred to as Coverage D. It covers your extra living expenses if a covered event renders your home unsafe for habitation.
- Homeowners Liability Coverage: This is referred to as Coverage E. It covers expenses related to personal liability lawsuits if you or someone in your household is sued.
- Medical Payments Coverage: This is referred to as Coverage F. It can cover medical expenses for individuals outside your household if they are injured on your property, regardless of legal liability.
Independent insurance agents in Illinois can help you be sure that you are buying sufficient amounts of coverage in each category.
What Homeowners Insurance in Illinois Does Not Cover
Homeowners insurance provides a wide range of coverage but doesn’t pay for everything. You should not expect your policy to cover things like:
- Vehicular damage
- Damage caused by termites, insects, rodents, or other pests
- Rust, rot, and mold remediation
- Loss or damage caused by acts of terrorism
- Damage caused by floods
Also, you can expect your policy to provide only limited coverage for things like:
- Business property and equipment kept in your home
- Valuables like fine art, collections, heirlooms, and jewelry
- Recreational vehicles like boats, personal watercraft, ATVs, and snowmobiles
Fortunately, you can purchase home insurance endorsements or additional policies to cover all your property thoroughly. If needed, an independent insurance agent can help you find the best and most affordable supplemental coverage.
What Homeowners Should Know about Flood Damage in Illinois
As mentioned above, homeowners insurance policies in Illinois will not cover damage caused by floods. Unfortunately, more than half a million properties in this state have a significant risk of sustaining flood damage over the next thirty years.
If your house is among the properties at risk, you can ensure that you are protected against significant financial losses by supplementing your home coverage with flood insurance. Affordable policies are available through the National Flood Insurance Program in NFIP-participating communities. Otherwise, you can purchase coverage through a commercial provider.
In most cases, flood insurance is optional. However, if your home is located in a flood zone and you still own on a mortgage or a home equity loan, your lender will require you to maintain flood insurance coverage. It is worth noting that the average compensation per flood claim in Illinois is $13,700.
Average Cost of Homeowners Insurance in Illinois
While homeowners in the US pay an average of $1,211 a year for home insurance, the average cost of homeowners insurance in Illinois is lower at $1,056 a year. This is welcome news for property owners in this state.
Of course, this is just an average rate. Your actual costs may be significantly higher or lower because insurance companies calculate premiums on a case-by-case basis. Factors that can influence your price for coverage include your home’s size, age, and rebuild value; the crime rate and weather risks in your ZIP Code; your insurance claims history; and the amount of coverage you wish to purchase.
You can consult a local independent agent to find out how much a homeowners insurance policy will cost for your house. These agents can present you with customized quotes from some of the best homeowners insurance companies in Illinois.
How well do cities in Illinois measure up to the national average?
National average burglary rate 3.76 per 1,000 people
National average home value $269,000
National average home insurance cost $1,428 year
| City | Annual insurance cost | Avg. home value | Burglaries (per 1k residents) |
| Aurora | $979 | $184,400 | 2.19 |
| Bloomington | $912 | $164,300 | 3.75 |
| Carbondale | $949 | $127,178 | 12.7 |
| Champaign | $989 | $162,000 | 6.32 |
| Chicago | $1,309 | $243,900 | 5.34 |
| Cook County | $1,244 | $234,400 | 5.02 |
| Decatur | $845 | $78,300 | 8.66 |
| DuPage County | $1,329 | $300,000 | 2.51 |
| Evanston | $1,389 | $380,300 | 4.41 |
| Fox Lake | $981 | $152,765 | 2.65 |
| Joliet | $1,094 | $174,700 | 3.49 |
| Kane County | $1,221 | $232,700 | 3.07 |
| Lake County | $1,291 | $264,600 | 2.7 |
| Mt. Vernon | $860 | $78,420 | 12.16 |
| Naperville | $1,544 | $421,400 | 1.21 |
| Orland Park | $1,276 | $291,240 | 0.46 |
| Peoria | $953 | $130,500 | 10.46 |
| Rockford | $889 | $89,200 | 11.41 |
| Schaumburg | $1,250 | $232,500 | 1.95 |
| Springfield | $959 | $131,800 | 9.48 |
| Tinley Park | $1,258 | $235,040 | 1.78 |
| Will County | $1,219 | $224,600 | 2.35 |
Popular Questions about Illinois Home Insurance
In Illinois, the average monthly home insurance premium is $88. This is well under the national average rate of $101 a month. Your home insurance costs may be higher or lower than these figures, depending on details about you, your neighborhood, and your property.
No law in the state of Illinois mandates that homeowners must carry insurance. However, if you have a mortgage or loan against your home, you'll be required by your lender to maintain coverage. Since property owners in Illinois collected $1.96 billion in home insurance claims in just one recent year, it makes sense to have suitable protection to avoid significant financial loss.
Homeowners in Illinois can choose to purchase a policy from a number of carriers. Independent insurance agents have relationships with a number of the area's most highly-rated insurers. These include companies like:
- Nationwide
- Progressive
- Safeco
- Travelers
- West Bend
- Westfield
- Foremost
- Stillwater
- Selective
- Encova
- Central
- PURE
Talk to a local independent insurance agent to discover which of these companies is the best choice for you.
Illinois home insurance carriers consider personal and local risk factors when calculating your premiums. Some things that can influence your rates include the following:
- Details about your house, such as its age, size, and rebuild value
- Whether you are buying actual cash value or replacement cost coverage for your property
- Your insurance claims history and credit score
- Local crime rates
- Historic natural disasters in the vicinity of your home
- Whether you qualify for any offered home insurance discounts
Because every insurance company uses a different formula to calculate rates, comparison shopping can save you money. Independent agents make it easy to review a variety of homeowners insurance quotes in Illinois.
Your Illinois homeowners insurance will come with standard protection against fire, theft, vandalism, and severe weather events. Coverages are categorized under dwelling value, other structures, personal property, liability, medical payments, and additional living expenses. To save money on home insurance, speak with your adviser about how having a burglar alarm, an updated roof, or multiple policies through the same carrier can earn you significant discounts.
Yes. There are currently more than 1,180 independent insurance agencies located throughout the state of Illinois. The experienced agents who work there can help with your home insurance as well as any other insurance coverage needs you may have. Arrange an obligation-free consultation with an independent insurance agent near your to begin your search for the best and most affordable policy.
Do you know what your home insurance covers in Illinois?
Average Cost of Home Insurance Near You
Average monthly cost of home insurance in Aurora, IL: $82
Your home insurance could be less or more, depending on several factors like the size of your house, your credit score, your home's building materials, and the crime rate in your ZIP Code.
Physical damage to your property can come from a number of incidents and unfortunate scenarios. A fire, a break-in, or a bad winter storm can all happen without warning. In Aurora, IL your homeowners insurance should cover you against the financial losses brought about by these risks and compensate you in a timely manner.
Average monthly cost of homeowners insurance in Bloomington, IL: $76
In this city, where average property values and property crime rates are lower than throughout most of the state, it is not surprising that so too are insurance rates. Your actual costs can vary from this average depending on details about you and your home. Shopping for rates helps you find the right coverage at the best price.
In Bloomington, IL, home insurance is designed to cover you against loss or damage caused by accidents like fires, liability lawsuits, such as if someone is injured on your property, and many weather-related events. If you think your home isn't prone to experiencing damage from harsh winter weather, you're wrong. Extremely cold temperatures, common in this part of the country, can easily cause freezing pipes and water damage.
Average monthly cost of homeowners insurance in Champaign, IL: $82
Your actual home insurance policy could cost less or more than this average rate, depending on factors like the size of your house, your credit score, your house's building materials, and the crime rate in your Champlain, IL ZIP Code.
Homeowners insurance is designed to cover you against property crimes, liability, and most weather-related and accidental damage. However, not all policies are alike. If a fallen tree, burglar, or burst pipe caused damage to your property, how would your homeowners insurance respond? A local independent insurance agent can explain all the fine details of your policy.
Average monthly cost of home insurance in Chicago, IL: $109
Of course, Chicago is a large city, and though the average home value is higher than the state average, your house may be valued significantly higher or lower. This can play a large role in how your rates are calculated.
Also, the safety of your neighborhood is an important factor in determining costs. The property crime rate in Chicago, IL is higher than the state average, which could increase premiums in some of this city’s ZIP Codes. Fortunately, in addition to covering you against weather-related damage to your home, your home insurance policy can provide compensation for loss or damage caused by property crimes.
Average monthly cost of home insurance in Decatur, IL: $70
Lower property values mean lower coverage needs, and this makes insurance more affordable for many area homeowners. Factors like your home's size, your previous claim history, your home's building materials. and whether there is a trampoline or dog on your property will determine how much you pay to protect your home.
Your home insurance can provide financial compensation for losses caused by most weather-related events, accidental fires or explosions, and liability lawsuits. Additionally, it can cover you against loss or damage resulting from property crimes. In Decatur, IL, where the burglary rate exceeds the state average, this coverage is of particular importance.
Average monthly cost of home insurance in Joliet, IL: $91
Take this average with a grain of salt. Because your homeowners insurance depends on unique factors like your home's location and age and your credit score, it can potentially vary significantly from this average rate.
One of the most common threats for homeowners in Joliet, IL and the surrounding areas is hail and wind storms. It's more common than you think, especially during those long, cold, winter months. Your policy can also cover other common hazards such as fire, theft, and liability. Protect your finances by purchasing specific coverages and high enough limits against these hazards.
Average monthly cost of home insurance in Naperville, IL: $129
Naperville, IL residents pay some of the highest homeowners insurance rates in the state. This is not surprising, given the high property values in this area. Your actual rates will be determined by factors such as the value, age, and structure of your home, the number of people who live in it, and whether your property includes a swimming pool or other liability hazard.
In addition to many types of damage to your house, homeowners insurance is designed to cover you against several types of liability claims. These can range from injuries caused by dog bites or intoxicated guests to damage caused by fallen trees. It runs the gamut of potential situations that may occur in or around your home for which you may be sued.
Average monthly cost of home insurance in Peoria, IL: $79
Your particular insurance rates will take into account things like your home's location, age and building materials, and information about the residents of your home. Home values in this city are lower than average for the state, but the crime rate is rather high. Depending on your actual home value and the crime rate in your ZIP Code, your rates may fluctuate significantly from this average.
Home insurance can protect you against property crimes, liability, and most weather-related events. Located right on the Illinois River and Peoria Lake, Peoria, IL has experienced some strong storms that have caused major property damage. Strong winds can happen without warning, so be sure to get proper protection against these risks. Also, if your property is prone to flooding, be aware that flood damage is not covered by home insurance. For that, you will need to supplement your coverage with flood insurance through the National Flood Insurance Program (NFIP).
Average monthly cost of home insurance in Rockford, IL: $75
Your actual rate will be determined by factors unique to you and your house. These may include the age, size, and building materials of your home, your claims history, and your credit score.
Your home insurance is designed to cover property crime, which is a significant risk in Rockford, IL. It can also protect against many weather-related events. Winter weather in Illinois can be intense and devastating to your home. Freezing pipes are not unheard of with such cold temperatures.
Average monthly cost of home insurance in Springfield, IL: $80
In Springfield, IL, where the average home value is lower than the state average, residents pay lower premiums for their home insurance. A variety of factors will be used in calculating your actual costs. These include the size of your house, your credit score, your house's building materials, the crime in your area, and, in some cases, the distance to the nearest fire station.
As the state's capital and the largest city in central Illinois, Springfield has relatively high crime rates. Homeowners should take precautionary steps to protect their property from theft, but sometimes there is nothing you can do to stop a determined burglar. Fortunately, in addition to covering you against the many kinds of weather-related damage common in this city, your homeowners insurance can cover you against loss and damage caused by property crimes.