MoneyGeek obtained quotes from several top Illinois insurance companies to help determine the cost of homeowners insurance. Using a program called Quadrant, MoneyGeek compared quotes by ZIP code across Illinois. The results showed a breakdown on the average cost of dwelling, liability, and personal coverage.
Allstate
Allstate homeowners' insurance is priced differently depending on the amount of coverage you select and the location of your home. The cost will also depend on the type and age of your home and your history of claims. A local agent can provide a quote or online for homeowners insurance. Compare Allstate policies and coverage options to determine if they are worth your time.
Allstate is an affordable insurance company. Their homeowner insurance cost averages about $930 per annual. The company's website offers an online estimate tool that can give you an estimate for how much your home and auto insurance will cost. The tool will ask for your zip code and some information about your house. This tool will give you an estimate of how much your monthly policy will cost.
Farmers
Farmers is Illinois' largest provider of home insurance. They offer affordable rates and a wide variety of coverage. You can also get discounts on bundles and certain renovations, such as a roof replacement. Farmers also allows you to purchase policies online or over-the-phone. With modern tools such as mobile apps, you can easily compare rates and coverages.
The Illinois Farmers homeowners insurance average cost is $1592, which falls below the $2053 state average. Farmers policies also come with a number of impressive perks like a guaranteed rate rise after five years 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 policies with the same insurance company and installing protection devices such a burglar alarm can give you a discount. If you've had Nationwide insurance before, you can get a discount.
In addition to offering homeowners insurance across the country, Nationwide also offers a wide variety of other insurance policies. Nationwide also offers discounts to multipolicy bundles as well as home security systems and gated communities. These policies can protect your assets under a variety of conditions. These policies will help you save money on annual premiums.
Farmers Connected To Home
Farmers is a large home insurance company in California and has affordable rates. Farmers also offers a variety of coverage options and endorsements. The company also provides special discounts for people who have never filed a claim. Farmers allows you to bundle multiple policies and save on your insurance.
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. In other states, however, the average cost of homeowner's insurance is significantly higher.
USAA
The average USAA homeowners insurance premium in Illinois is under $1,100 a year. The company has a good reputation, but some consumers complain about the premium. Customers are generally happy with the rates, discounts and service. Compared to the competition, USAA is in the middle of the pack.
USAA's home insurance rates in Illinois are comparable to the national average. However, the cost of insurance in Chicago is considerably higher than elsewhere in the state.