MoneyGeek compared quotes from the top Illinois insurers to determine how much homeowners insurance costs in Illinois. MoneyGeek used Quadrant to compare quotes by zip code in Illinois. The result was a breakdown of average costs for dwelling coverage, liability coverage, and personal property 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. A homeowner's insurance quote can be obtained online or at a local agency. Before deciding on an Allstate policy, compare rates and coverage options with other homeowners insurance companies.
Allstate insurance is affordable. The homeowner insurance average cost is around $930 annually. 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 online quote tool will need your zip code along with some basic information about you home. The tool will then give you an estimate on how much your policy would cost each month.
Farmers
Farmers is Illinois's largest provider home insurance. It offers a wide range coverage at affordable rates. Farmers also offers discounts for bundling policies or certain renovations such as a new roof. Farmers makes it easy to purchase policies online and 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. The company also offers a declining deductible feature, which allows policyholders to decrease their deductibles every year without raising rates.
Nationwide
Nationwide homeowners' insurance can be shopped in a variety ways. A combination of policies with the same insurance company and installing protection devices such a burglar alarm can give you a discount. If you have Nationwide insurance, or if your home is new, you may be eligible for a discount.
Nationwide offers homeowners coverage across the nation. But, Nationwide also offers many other types of insurance policies. Nationwide also offers discounts for multipolicy packages, home security systems, gated communities, and other insurance policies. These policies will protect your assets in many different situations. You can save money by adding these policies to your annual premiums.
Farmers Connected Home
Farmers is a large home insurance company in California and has affordable rates. Farmers offers a wide range of coverage options, endorsements, and other benefits. The company also provides special discounts for people who have never filed a claim. Farmers also offers discounts for multiple policies.
Homeowners insurance rates can vary significantly from state to state. Hawaii, for example has an average homeowners insurance rate of less than $100 per calendar month. 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 enjoys a great reputation, some customers complain about the high premium. Regardless, most customers are happy with the rates and discounts. USAA is a middle-of-the-pack competitor.
The Illinois home insurance rates charged by USAA are comparable with the national average. However, the cost of insurance in Chicago is considerably higher than elsewhere in the state.