MoneyGeek obtained quotes from several top Illinois insurance companies to help determine the cost of homeowners insurance. MoneyGeek used Quadrant to compare quotes by zip code in 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 of Allstate homeowners insurance will depend on the age of your home, as well as your past claims. You can request a homeowners insurance quote online or from a local agent. Compare Allstate rates and coverage options before deciding to purchase an Allstate policy.
Allstate is an affordable provider of insurance. The average homeowner insurance cost is $930 per year. The company's website has a free online quote tool that will give you an estimate of how much your home insurance will cost. 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 the largest provider of Illinois home insurance. Their policies provide a broad range of coverage at reasonable rates. In addition, they offer many discounts for bundling policies and certain renovations, like a new roof. Farmers allows you to buy policies online or over the telephone, making it 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 have a lot of perks. They include a guaranteed rate increase after five year without any claims. It also has a declining deductible feature that allows policyholders reduce their deductibles every other year, without raising rates.
All over the country
Nationwide homeowners insurance offers many savings options. By combining policies with the same company, or installing security devices such as burglar alarms, you can receive a discount. You may also qualify for a discount if Nationwide has insured you in the past or if you just bought a home.
Nationwide provides homeowners insurance in the entire country. However, they also offer many other insurance policies. Nationwide also offers discounts on multi-policy bundles, home alarm systems, and gated communities. These policies protect assets in a range of situations. Adding these policies will also save you money on annual premiums.
Farmers Connected To Home
Farmers is a large home insurance company in California and has affordable rates. Farmers offers a wide range of coverage options, endorsements, and other benefits. Farmers also offers special discounts to people who have not yet filed a claim. Farmers also offers discounts for multiple policies.
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, in other states, the average cost for homeowner's coverage is 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. The rates and discounts are appreciated by most customers. USAA ranks middle in comparison to other providers.
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.