MoneyGeek reviewed quotes from the best insurers in Illinois to discover how much homeowners insurance 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 is priced differently depending on the amount of coverage you select and the location of your home. The type of home you have and the history of any claims will affect how much it costs. 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 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 require you to enter your zip code as well as basic information about where you live. This tool will calculate how much each month your policy will cost.
Farmers
Farmers is Illinois' largest provider for home insurance. Their policies offer affordable rates and wide coverage. Farmers also offers discounts for bundling policies or certain renovations such as a new roof. Farmers policies can be purchased online or by phone, which makes them convenient. With modern tools such as mobile apps, you can easily compare rates and coverages.
Farmers' homeowners insurance cost average in Illinois is $1,592, which is less than the state's average of $2,053. Farmers policies also come with a number of impressive perks like a guaranteed rate rise after five years without any claims. Additionally, the company offers a declining-deductible feature that allows policyholders decrease their deductibles every single year without raising rates.
Nationwide
Nationwide homeowners insurance offers many savings options. Combining multiple policies with one insurance company can result in a discount. You may also be able to get protection devices like a burglar alarm installed. A discount may also be available if you are a homeowner or have Nationwide coverage in the past.
Nationwide offers homeowners insurance throughout the country. They also offer a variety of insurance policies. The company also offers discounts for multipolicy bundles, home security systems, and gated communities. These policies will protect your assets in many different situations. These policies will save you money on your annual premiums.
Farmers Connected 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. The company also provides special discounts for people who have never filed a claim. Farmers can help you save money if your policies are combined.
You will find that homeowner insurance rates vary significantly from one place to another. The average homeowner's insurance cost in Hawaii is $100 per month. However, homeowner's insurance costs in other states are significantly higher.
USAA
In Illinois, the average cost of homeowners insurance from USAA is less than $1,100 per annum. Although the company is well-respected, there are some complaints about the premium. However, the majority of customers are satisfied with the rates and discounts. USAA is middle of pack when it comes to competition.
USAA's home insurance rates in Illinois are comparable to the national average. Chicago insurance is much more expensive than elsewhere in the state.