MoneyGeek reviewed quotes from the best insurers in Illinois to discover how much homeowners insurance 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. 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. Before deciding on an Allstate policy, compare rates and coverage options with other homeowners insurance companies.
Allstate is an affordable insurance provider, and their homeowner insurance cost averages around $930 per year. A free online tool allows you to get an estimate of the cost of your home insurance. The quote tool will ask you for your zip code, as well as some basic information about your home. This tool will give you an estimate of how much your monthly policy will cost.
Farmers
Farmers is Illinois' largest provider for home insurance. Their policies offer affordable rates and wide coverage. They also offer discounts on bundling policies, and for certain renovations like a new roof. Farmers makes it easy to purchase policies online and over the phone. With modern tools such as mobile apps, you can easily compare rates and coverages.
Average homeowners insurance costs in Illinois from Farmers are $1,592, which is lower than the $2,053 average. Farmers policies also come with a number of impressive perks like a guaranteed rate rise after five years without any claims. The company also offers a declining deductible feature, which allows policyholders to decrease their deductibles every year without raising rates.
Nationwide
There are a variety of ways to save money on Nationwide homeowners insurance. You can get a discount by combining multiple policies with the same insurance company or installing protective devices such as a burglar alarm. If you have Nationwide insurance, or if your home is new, you may be eligible for a discount.
In addition to offering homeowners insurance across the country, Nationwide also offers a wide variety of other insurance policies. Nationwide offers discounts on multipolicy bundles and home security systems. These policies can protect your assets under a variety of conditions. These policies will save you money on your annual premiums.
Farmers Connected to Home
Farmers is one of the largest home insurance companies in the state and offers competitive prices. Farmers offers an impressive range of coverage options as well as endorsements. For those who have never made a claim, Farmers offers discounts. Farmers offers multiple insurance policies that can be combined to save you money.
You will find that homeowner insurance rates vary significantly from one place to another. Hawaii, for instance, has a homeowners insurance premium that is lower than $100 per months. In other states, however, the average cost of homeowner's insurance is significantly higher.
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. However, the majority of customers are satisfied with the rates and discounts. USAA ranks middle in comparison to other providers.
Home insurance rates for USAA in Illinois are similar to the national average. Chicago insurance rates are much higher than elsewhere in Illinois.