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How to get affordable renters insurance in Illinois
Renters insurance is an important form of insurance. It keeps your belongings safe in the event your rental property suffers damage from a common incident. A renters policy protects items in the event of fire or smoke damage, a wind storm, theft, vandalism and an array of other situations.
Unlike auto insurance, renters policies aren’t controlled by state legislation. Even so, there are relatively large differences in renters pricing from state to state. Renters insurance policy costs in a given state may vary based on the frequency of — and value of — renters insurance claims filed in that particular state, and depend on the value of the belongings you're insuring.
Illinois renters insurance is cheaper than the nationwide average. The typical annual renters insurance rate in Illinois is $156, $28 less expensive than the average across America.
The easiest way to acquire affordable renters insurance in Illinois is to view prices from as many companies as possible. Learn more about renters insurance costs in Illinois by referencing the below data. Remember: your rates will vary, depending on your coverage limits and the valuation of your belongings.
- Rates by company
- Rates by city
- Rates by coverage level
- Bundling discounts
- Frequently asked questions
Rates for renters insurance in Illinois differ based on the insurance company you select. AAA offers the most affordable renters policies in Illinois — $83 per year. This beats the state average cost of $156, offering a 47% discount on rates typical to the state.
Start shopping for affordable coverage by reviewing the cheapest Illinois insurance companies, listed below.
AFFORDABLE RENTERS INSURANCE COMPANIES IN ILLINOIS
|Carrier||Average 12-Month Rate in Illinois|
Not every city in Illinois has equal renters insurance costs. Rates are determined based on on city-specific variables, including the number of claims filed in the immediate area, meaning your ZIP code could have a major impact on how much you pay.
The most affordable renters insurance rates in Illinois are in Naperville. The average renters insurance policy in Naperville costs $146 each year — $4 less than the state average. The below cities have the most affordable renters insurance in Illinois.
CHEAPEST CITIES FOR RENTERS INSURANCE IN ILLINOIS
|City||Average 12-Month Renters Insurance Rate|
Looking for information about renters insurance for a particular city? Check out our list of the most populous cities in Illinois.
Your renters insurance rates will vary depending on the amount of coverage you purchase. Common renters insurance tiers are $25,000 and $50,000 property coverage. In Illinois, the annual cost differential between these options is about $43. If you can afford to insure your personal property at this additional expense, purchasing more coverage might not be a bad idea.
|Coverage Level||Average Annual Renters Insurance Rate in Illinois|
If you want to save on insurance, consider buying your renters and auto policies from the same insurance company. A renters and car insurance bundle in Illinois can save you a substantial sum each month on auto insurance. Bundling policies in Illinois may generate average annual savings of $64.
CAR AND RENTERS BUNDLING DISCOUNTS IN ILLINOIS
|Avg. Annual Rate (No Bundle)||Avg. Annual Rate (w/ Bundle)||Annual Savings ($)||Annual Savings (%)|
Is renters insurance required in Illinois?
Your state does not require you to carry renters insurance. However, it's generally recommended and can be required by your landlord.
What does Illinois renters insurance cover?
In Illinois, renters insurance will replace personal belongings should they be destroyed, lost, or stolen. Most policies will also provide liability coverage, medical payments to others, and will cover temporary housing costs should your home be unihabitable.
About The Zebra
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.