Chicago, IL Renters Insurance

Chicago renters insurance

Renters insurance is a key coverage if you’re renting an apartment or house. Renters insurance covers your rental unit — and the personal property within it — against a number of perils, including vandalism, wind damage, theft, or fire. Given the reasonable likelihood of a damaging incident, the affordability of rental coverage, and the potentially high cost of replacing your belongings, a renters insurance policy is a solid investment.

The cost of your renters insurance will rely on a number of contributing factors, including the building's age, its material constitution, its geographic location, and the pricing rules of your insurance company. In areas prone to hail, fire, lightning, or damaging wind, renters insurance could be more expensive to account for the extra risk.

The average annual cost of renters insurance in Chicago is $201.

Finding reliable renters insurance in Chicago should start with a thorough comparison of the top renters insurance companies. Consult our analysis of Chicago, Illinois renters insurance rates to ensure you start your search with as much background info as possible. Remember: renters insurance costs may vary based on your coverage limits and other factors.

Chicago renters insurance:

  1. Rates by company
  2. Rates by coverage level
  3. Auto and renters insurance discounts

Renters insurance premiums in Chicago — popular companies

Renters insurance rates in Chicago depend on the insurer you choose. For instance, USAA offers the cheapest renters insurance in Chicago, at just $101 per year. That's less expensive than the city's average cost of $201, providing a $100 price cut on typical rates in the city.

Begin your search for a renters insurance policy by exploring the cheapest insurers in Chicago.

CompanyAverage Annual Rate in Chicago
Illinois Farmers$176

Chicago renters insurance pricing by coverage tier

The cost of your renters insurance policy will be influenced by the amount of coverage you opt to carry. Two of the most common levels of renters insurance coverage are $25,000 and $50,000. In Chicago, the average annual cost difference between these tiers is roughly $65. If you can afford the up-front expense, it's worth considering.

Coverage LevelAverage Annual Rate in Chicago
$25K Property$169
$50K Property$234

Tip: bundle your renters and car insurance policies

If you’re seeking ways to save on your insurance expenditures, consider carrying your renters and auto policies with the same insurance company. Bundling renters and auto insurance in Chicago can save you a substantial sum each month on your auto insurance bill. In fact, bundling policies in Chicago leads to average auto insurance savings of $103. The car insurer with the cheapest bundled rate is GEICO, followed by Country and American Family.

Annual Bundle SavingsBundle Savings %

Need renters insurance? Talk to an expert today.

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,, and