MoneyGeek looked at quotes from the most prominent insurers in Illinois in order to figure out how much homeowners' insurance in Illinois costs. MoneyGeek used Quadrant to compare quotes by zip code in Illinois. The results showed a breakdown on the average cost of dwelling, liability, and personal coverage.
Allstate
Allstate homeowners insurance pricing varies depending upon the level of coverage that you want 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 insurance provider, and their homeowner insurance cost averages around $930 per year. The company offers a free online estimate tool which will provide you with an estimate of how much your home-insurance will cost. 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. 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. Modern tools such as mobile applications make it easy to compare rates or coverages.
The average homeowners insurance cost in Illinois for Farmers is $1,592, which compares to the $2,053 state average. Farmers policies have a lot of perks. They include a guaranteed rate increase after five year without any claims. A declining deductible feature allows policyholders, without increasing rates, to lower their deductibles each year.
Nationwide
Nationwide homeowners insurance is available in a number of ways that can help you save money. 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. 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 coverage across the nation. But, Nationwide also offers many other types of insurance policies. Nationwide offers discounts on multipolicy bundles and home security systems. These policies will protect your assets in a variety of circumstances. These policies will help you save money on annual premiums.
Farmers Connected 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. For those who have never made a claim, Farmers offers discounts. Farmers allows you to bundle multiple policies and save on your insurance.
There are many factors that can affect the cost of homeowner's insurance. Rates vary from one state or another. In Hawaii, for example, the average homeowners insurance cost is less than $100 per month. However, in other states, the average cost for homeowner's coverage is significantly higher.
USAA
The average USAA homeowners insurance premium in Illinois is under $1,100 a year. Although the company enjoys a great reputation, some customers complain about the high premium. However, the majority of customers are satisfied with the rates and discounts. Compared to the competition, USAA is in the middle of the pack.
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.