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The Best and Cheapest Homeowners Insurance Companies in Illinois

We analyzed data from more than 150 insurance companies to help you find cheap home insurance rates in Illinois.

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How to find cheap home insurance in Illinois

 

Home insurance prices in states vary based on the value of — and frequency of — homeowners claims lodged in that state, and also on the price of the belongings and home you're insuring.

The best way to find an affordable homeowners insurance policy in Illinois is to shop around and compare rates from as many insurers as possible. Learn more about how much home insurance costs in Illinois by referencing the below tables. Remember: your rates will vary, depending on your coverage limits.

 
Illinois home insurance — table of contents:
  1. Rates by company
  2. Bundling home and auto insurance
  3. Costs by city
  4. Rates by coverage amount
  5. Rates by deductible amount
  6. FAQs
 

The best cheap homeowners insurance companies in Illinois

Liberty offers the cheapest homeowners policies in Illinois — just $795 per year. This is less than the state average cost of $1,443, offering a $648 price cut on average statewide homeowners insurance costs.

Homeowners insurance rates in Illinois vary based on the insurance company you choose. Begin your search for a home insurance policy by reviewing the most affordable Illinois carriers, listed below.

 
CHEAPEST HOME INSURANCE COMPANIES IN ILLINOIS
InsurerAverage 12-Month Rate in Illinois
Liberty Mutual$816
Allstate$1,047
Erie$1,143
AAA$1,171
 

Illinois home insurance costs: by city

Not all Illinois cities have equal homeowners insurance rates. Insurance companies rely on city-specific variables, including the number of claims filed nearby, to price their policies. This means your ZIP code has some weight in deciding how much you pay.

The best homeowners insurance in Illinois is found in Aurora. A typical homeowners insurance term in Aurora totals just $1,116 each year — $327 less than the average homeowners policy in other Illinois cities. The below cities have the most affordable home insurance in Illinois.

 
AFFORDABLE HOME INSURANCE CITIES IN ILLINOIS
CityAverage 12-Month Home Insurance Rate
Aurora$1,116
Orland Park$1,121
Naperville$1,128
Tinley Park$1,142
Mount Prospect$1,164
 
Learn more about homeowners insurance rates in Chicago.
 

Homeowners insurance prices in Illinois by coverage amount

Your chosen level of homeowners coverage impacts the insurance premiums you pay. Homeowners in Illinois who carry $100,000 of dwelling coverage pay an average of $706 per year, while those with dwelling coverage of $400,000 pay around $1,770 per year.

 
HOMEOWNERS INSURANCE RATES IN ILLINOIS — COMMON COVERAGE TIERS
Coverage LevelAverage Annual Premium
$100,000 Dwelling$706
$200,000 Dwelling$1,054
$250,000 Dwelling$1,231
$400,000 Dwelling$1,770
 

Homeowners insurance deductibles in Illinois

Homeowners have a lot of choices to make when purchasing a homeowners policy, including the amount of their deductible. A homeowners deductible is the amount you are responsible for paying toward a covered loss. The deductible level you choose can have a big impact on home insurance rates.

Generally, the lower your deductible, the higher your premium. If you want lower insurance rates, aim for a higher deductible. Remember that your homeowners deductible should not be set at an amount that you would have difficulty paying in the event of a loss.

Have a look at typical deductibles offered by home insurance companies and an approximation of average premiums.

 
HOME INSURANCE RATES BY DEDUCTIBLE TIER IN ILLINOIS
Deductible LevelAverage Annual Home Insurance Rate
$500$1,363
$1,000$1,231
$1,500$1,181
$2,000$1,093
$5,000$928
 

Home and auto insurance bundling in Illinois

If you want to save, consider purchasing your home and auto policies from the same insurance company. Bundling auto and home insurance in Illinois can save you a substantial sum each month on car insurance. Purchasing bundled policies in Illinois leads to average annual savings of $169.

 
HOME AND AUTO INSURANCE BUNDLING DISCOUNTS IN ILLINOIS

Avg. Annual Rate (No Bundle)

Avg. Annual Rate (w/ Bundle)

Annual Savings ($)

Annual Savings (%)

$1,202$1,033$16916%
 

 

Illinois homeowners insurance FAQs

 

Does Esurance offer home insurance in Illinois?

Esurance sells home insurance in Illinois as well as renters, auto, and other forms of insurance.

Is homeowners insurance mandatory in Illinois?

Your mortgage company will require you to insure your home.

Is redlining allowed for homeowners insurance in Illinois?

No. Redlining, or excluding certain neighborhoods from mortgage insurance eligibility, is no longer permitted in Illinois.

 

 

Insurance for tornadoes in Illinois

Tornadoes can hit with little to no warning. There is little one can do to protect yourself and the results are usually devastating. Therefore, it's vital to insure your home against tornadoes in Illinois, which suffers an average of 54 tornadoes each year.*

Tornado damage is usually the result of wind, so make sure your current homeowners policy has windstorm protection, a standard part of most policies.

Wind protection provides coverage to a building's exterior and overall structure. However, depending on the type of policy you have, damage to the building's interior may only be covered when it is caused by exterior damage, like a broken window. Detached structures are also covered, generally up to 10% of the home’s insured amount. It's important to remember that some damages the storm causes may not be covered. For example, if the storm that produced the tornado also causes flooding that damages your home, it won’t be covered unless you've sought out flood coverage.

*Source: NOAA'S National Weather Service (https://www.spc.noaa.gov/gis/svrgis/)

 

Compare homeowners insurance policies today.

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Kristine Lee LinkedIn

Kristine is a licensed insurance agent and one of The Zebra’s in-house content strategists. With a background in copywriting, she covers the ins and outs of the home and car insurance industries. She has contributed to numerous publications focused on the nuances of insurance, including Automoblog, USInsuranceAgents.com, and BestCompany.com.

About The Zebra

The Zebra is not an insurance company. We’re an independent, unbiased partner for consumers, on a mission to help you compare insurance options apples-to-apples, so you can make a truly informed decision. We’re proud because: