MoneyGeek obtained quotes from several top Illinois insurance companies to help determine the cost of homeowners insurance. MoneyGeek compared Illinois ZIP code quotes using Quadrant. The average cost of dwelling insurance, liability coverage, as well as personal property coverage was calculated.
Allstate
The price of Allstate homeowners insurance varies depending on the level of coverage you want and your home's location. Your home's age and history of claims will impact the cost of homeowners insurance. You can request a homeowners insurance quote online or from a local agent. Compare Allstate policies and coverage options to determine if they are worth your time.
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. The tool will provide an estimate of the monthly cost of your policy.
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 allows you to buy policies online or over the telephone, making it convenient. Modern tools such as mobile applications make it easy to compare rates or coverages.
The Illinois Farmers homeowners insurance average cost is $1592, which falls below the $2053 state average. Farmers policies include a variety of amazing perks. These include a guaranteed rate raise 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
There are a variety of ways to save money on Nationwide homeowners insurance. A combination of multiple policies from the same insurer or installation of protective devices, such as a burglar alarm, can help you get a discount. A discount may also be available if you are a homeowner or have Nationwide coverage in the past.
Nationwide provides homeowners insurance in the entire country. However, they also offer many other insurance policies. Nationwide offers discounts on multipolicy bundles and home security systems. These policies protect assets in a range of situations. Adding these policies will also save you money on annual premiums.
Farmers Connected 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. People who have never claimed are eligible for special discounts from Farmers. You can also save on your insurance if you bundle multiple policies with Farmers.
Insurance rates for homeowners can vary widely from one state to another. Hawaii, for example has an average homeowners insurance rate of less than $100 per calendar month. However, in other states, the average cost for homeowner's coverage is significantly higher.
USAA
In Illinois, the average cost of homeowners insurance from USAA is less than $1,100 per annum. Although the company enjoys a great reputation, some customers complain about the high premium. Regardless, most customers are happy with the rates and discounts. Compared to the competition, USAA is in the middle of the pack.
The Illinois home insurance rates of USAA are comparable in price to the national standard. Chicago insurance rates are much higher than elsewhere in Illinois.