MoneyGeek looked at quotes from the most prominent insurers in Illinois in order to figure out how much homeowners' insurance in Illinois costs. MoneyGeek compared Illinois ZIP code quotes using Quadrant. This gave us an overview of the average cost of dwelling coverage, liability coverage and personal property coverage.
Allstate
Allstate homeowners insurance pricing varies depending upon the level of coverage that you want and where your home is located. Costs will vary depending on your home's type, age and claims history. Online homeowners insurance quotes can be requested or obtained from a local agent. Compare Allstate's rates and coverage options before you make a decision on an Allstate policy.
Allstate is an affordable provider of insurance. The average homeowner insurance cost is $930 per year. You can get a free estimate on your home insurance costs by visiting the company's website. The online quote tool will need your zip code along with some basic information about you home. This tool will then provide you with an estimate of how much your policy will cost each month.
Farmers
Farmers is Illinois's largest provider home insurance. It offers a wide range coverage at affordable rates. They also offer discounts on bundling policies, and for certain renovations like a new roof. Farmers also allows you to purchase policies 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. Farmers policies offer a host of incredible perks. For example, a guaranteed rate hike after five consecutive years with no claims. A declining deductible feature allows policyholders, without increasing rates, to lower their deductibles each year.
Nationwide
There are a variety of ways to save money on Nationwide homeowners insurance. 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.
Nationwide offers homeowners insurance all over the country. It also offers a wide range of other insurance policies. Nationwide offers discounts on multipolicy bundles and home security systems. These policies protect assets in a range of situations. These policies will save you money on your annual premiums.
Farmers Connected to Home
Farmers is a large home insurance company in California and has affordable rates. Farmers offers an impressive range of coverage options as well as endorsements. For those who have never made a claim, Farmers offers discounts. 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. However, homeowner's insurance costs in other states are 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. Most customers are satisfied with the rates offered and the discounts. USAA is middle of pack when it comes to competition.
The Illinois home insurance rates offered by USAA are comparable to the national average. However, the cost of insurance in Chicago is considerably higher than elsewhere in the state.