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 gave us an overview of the average cost of 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. 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 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 the largest provider of Illinois home insurance. Their policies provide a broad range of coverage at 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. It's also easy to compare rates, coverages, and modern tools like mobile apps.
Farmers' homeowners insurance cost average in Illinois is $1,592, which is less than the state's average of $2,053. Moreover, Farmers' policies come with several impressive perks, such as a guaranteed rate increase 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. A combination of policies with the same insurance company and installing protection devices such a burglar alarm can give you a discount. You can also receive a discount if you own a new home or have had Nationwide insurance in the past.
In addition to offering homeowners insurance across the country, Nationwide also offers a wide variety of other 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. Adding these policies will also save you money on annual premiums.
Farmers Connected To Home
Farmers is one of the largest home insurance companies in the state and offers competitive prices. Farmers also offers a great range of coverage options. Customers who have never filed claims are also eligible for discounts. You can also save on your insurance if you bundle multiple policies with Farmers.
There are many factors that can affect the cost of homeowner's insurance. Rates vary from one state or another. For example, homeowners insurance costs in Hawaii are less than $100 per monthly. 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. While the company enjoys a good reputation, some consumers are unhappy with the premium. Most customers are satisfied with the rates offered and the discounts. USAA ranks in the middle of the pack when compared to its competitors.
Home insurance rates for USAA in Illinois are similar to the national average. Chicago insurance is more expensive than other parts of the state.