Best Homeowners Insurance in Illinois
We analyzed data from more than 150 insurance companies to help you find affordable home insurance in Illinois.
We analyzed data from more than 150 insurance companies to help you find affordable home insurance in Illinois.
The average cost of home insurance in Illinois is $1,443 annually or $120 per month. Unlike car insurance, homeowners insurance isn't controlled by state legislation. Even so, major gaps exist in home insurance rates on a state-by-state basis. 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. Remember: your rates will vary, depending on your coverage limits.
Liberty Mutual 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.
| Insurance Company | Average Yearly Rate in Illinois |
| Liberty Mutual | $816 |
| Allstate | $1,047 |
| Erie | $1,143 |
| AAA | $1,171 |
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.
| Coverage Level | Average Annual Cost |
| $100,000 Dwelling | $706 |
| $200,000 Dwelling | $1,054 |
| $250,000 Dwelling | $1,231 |
| $400,000 Dwelling | $1,770 |
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.
| Deductible Tier | Average Annual Homeowners Insurance Rate |
| $500 | $1,363 |
| $1,000 | $1,231 |
| $1,500 | $1,181 |
| $2,000 | $1,093 |
| $5,000 | $928 |
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.
| City | Average 12-Month Home Insurance Rate |
| Aurora | $1,116 |
| Orland Park | $1,121 |
| Naperville | $1,128 |
| Tinley Park | $1,142 |
| Mount Prospect | $1,164 |
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 $169.
|
Avg. Annual Rate (No Bundle) |
Avg. Annual Rate (w/ Bundle) |
Annual Savings ($) |
Annual Savings (%) |
| $1,202 | $1,033 | $169 | 16% |
Your mortgage company will require you to insure your home.
No. Redlining, or excluding certain neighborhoods from mortgage insurance eligibility, is no longer permitted 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
Flood damage — regardless of the cause —is not covered by homeowners insurance policies. To insure your home against flood damage, acquire insurance through FEMA's National Flood Insurance Program (NFIP) or via a private insurer.
Flood insurance coverage from private companies may vary, but NFIP flood insurance covers:
If the value of your personal property and home exceeds these limits, consider purchasing a flood insurance policy from our partners at Neptune for additional protection.
The Zebra is not an insurance company. We publish data-backed, expert-reviewed resources to help consumers make more informed insurance decisions.
The Zebra’s insurance content is written and reviewed for accuracy by licensed insurance agents.
The Zebra’s insurance content is not subject to review or alteration by insurance companies or partners.
The Zebra’s editorial team operates independently of the company’s partnerships and commercialization interests, publishing unbiased information for consumer benefit.
The auto insurance rates published on The Zebra’s pages are based on a comprehensive analysis of car insurance pricing data, evaluating more than 83 million insurance rates from across the United States.
