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Renters insurance is a great — and cheap! — way to ensure your personal belongings are insured against common incidents. A renters policy covers belongings against fire, smoke damage, wind, theft, vandalism, and an array of other calamities.Unlike auto insurance, renters insurance isn't priced specifically by state. That said, there are relatively large variations in insurance pricing from state to state. Insurance policy prices in states diverge depending on the frequency and value of renters insurance claims submitted in that particular state, and depend on the value of the belongings covered by the policy.
Getting renters insurance in Illinois is less expensive than the national average. The average annual cost of renters insurance in Illinois is $156, $28 less expensive than the US average.
The best way to acquire affordable renters insurance in Illinois is to view prices from as many companies as possible. Learn more about typical renters insurance rates in Illinois via the below data. Your rates may vary, depending on your coverage limits and the valuation of your belongings.
Prices for renters insurance in Illinois vary depending on which insurance company you select. AAA offers the cheapest renters insurance in Illinois, at just $83 yearly. This beats the state average cost of $156, offering a 47% discount on the state's average rate.
Get a head start on looking for a renters policy by viewing average rates from top Illinois renters insurance carriers, detailed below.
|Carrier||Average Yearly Rate in Illinois|
Renters insurance rates in Illinois differ by city. Pricing depends on locally specific variables such as the number of local claims filed, meaning your ZIP code could have a major impact on how much you pay.
The cheapest renters insurance in Illinois is available in Naperville. An average renters insurance policy in Naperville costs just $146 per year — $4 less than the state average. The below cities have the most affordable renters insurance in Illinois.
|City||Average 12-Month Renters Insurance Rate|
If you want to save on insurance, consider carrying your renters and auto policies with the same insurance company. A renters and car insurance bundle in Illinois can lead to substantial savings on car insurance. In fact, bundling policies in Illinois leads to an a yearly discount of $64.
|Avg. Annual Auto Insurance Rate (No Bundle)||Avg. Annual Auto Insurance Rate (Bundle)||Annual Bundle Savings||Bundle Savings %|
One of the best ways to save on auto insurance is to bundle your policies. Start shopping today!
Are you looking for renters insurance information for a particular city? Check out our breakdown of the most populous metropolitan areas in Illinois.
Your state does not require you to carry renters insurance. However, it's generally recommended and can be required by your landlord.
There are several companies that offer renters insurance in Illionis. Your best bet is shopping around with as many as possible. Consider bundling your renters and auto (if applicable) to get a discounted rate.