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60124 Homeowners Insurance Quotes & Coverage Options

For homeowners like you shopping online for home insurance quotes in the 60124 zip code it's important to know that our rates are very competitive for homeowners living in Elgin, IL. Many homeowners based out of your 60124 area have found it very easy to shop with GetHomeInsuranceQuotes.com. For example, we clearly showcase the carriers that we will shop for you. Plus, our home insurance quotes are free and our Illinois licensed agents can provide a free consultation service to you that allows you to ask questions about the rates and coverage options. To start a free home insurance quote, simply click the "Get Multiple Quotes Now" button. Your 60124 should appear in the zip code field ready to go. For Elgin, IL Homeowners Insurance Quotes nearby, we offer the best rates and service.

60124: Average Home Insurance Rates

For homeowners living in the great city of Elgin, the average homeowners policy is considered medium in comparison to other states. Illinois premiums are estimated to be around $807 per year for homeowners insurance rates. You can easily save up to 40% or more, let us help you shop multiple home insurance quotes for free.

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60124 Home Insurance Average Premiums

Local 60124 homeowners insurance quotes comparison

$557 /yr.

Shows Zip Code: 60124 lowest rates with discounts applied on average.

For the 60124, homeowners insurance rates may vary on deductible, coverage amount and property details. Below is a list of the averages based on the cost of an annual home insurance premium.

Coverage Amount:Annual Premium
1800 sq. ft. or below
(discounts applied)		$557 /yr.
Average Coverage:$807 /yr.
2600 sq. ft. or higher
(all discounts applied)		$1107 /yr.

What is the average home insurance cost for a home in 60124?

  • • The average homeowners insurance premium paid annually for a home in 60124 is around $807 per year.

What does it cost on average per month for home insurance in 60124?

  • • Homeowners in 60124 pay a monthly average cost per month around $67.00.

What kind of discount could I get if I combine my home and auto insurance together in 60124?

  • • Autoowners in 60124 can receive a 20% to 25% discount if they own a home and would like to group or bundle their car and home insurance together with one insurance company.

You can easily shop and compare home insurance rates within Elgin, check out other zip codes nearby 60124.
To review average rates in another zip code, click on a zip code below:
60120  |  60124  |  60123  | 

Home Replacement Cost Coverage in 60124

Average Building Cost Per Square Foot in 60124: $154

Location: Elgin, Illinois (Kane County)

Average Square Footage in 60124: 2,153 Sq. Ft.

When building or updating a home, it's always good to review the average cost per square foot to build in 60124 before you start any project. Elgin homeowners pay on average around $154 per square foot to build a home. Another great reason to know the average cost to build is for your homeowners insurance policy. A standard homeowners policy will help you cover the replacement cost of your home due a fire or any other named perils on your policy. Calculating your dwelling coverage for your home in 60124 is extremely helpful when estimating how much replacement cost coverage you need. We highly recommend that you have enough dwelling coverage to rebuild your home if it was destroyed by a covered peril.

Here is how you determine your replacement cost. If we take an average home in 60124 and want to estimated the dwelling coverage, than we will need the square footage of the home which is 2,153 sq. ft. and the average cost to rebuild the home in this area is around $154 per square foot would be considered a base estimate cost. These two numbers would allow us to generate the replacement cost needed for an average size home in the Elgin area. If the home is new or has been upgraded, you will want to add $50 to $100 or more per square foot to equally cover the replacement cost to restore a home back to it's original condition.

Home Improvement StatusPrice per Sq. Ft.Square FeetDwelling Coverage
Basic Home Features$1542,153$331,600
Additional Upgrades & Added Features$1932,153$414,500
Major Home Updates or Advancements$2312,153$497,400

It's important to understand that when you estimate your replacement cost of your home in the 60124 zip code area, it will be the cost to replace the structure of your home, not the additional value of the property that is factored in when purchasing a new home.

Best Homeowners Insurance Agencies in 60124

Best Home & Auto Insurance Agencies in 60124

Housing Demographics for 60124

Population Review for 60124 Zip Code

For the city of Elgin, the population within 60124 has increased to over 27,971 residents in population size. The current population total is 24,859. We have broken down the population based on race below. In 60124, there are over 12187 in male population and 12672 females.

PopulationValues
Total Population24,859
White Population17847
Black Population697
Hispanic Population3147
Asian Population2833
Hawaiian Population2
Indian Population115
Other Population1054
Male Population12187
Female Population12672
Population Estimate27971

Household Data for 60124

The average number of homes in 60124 is around 8,771, there are an average of 2.83 per household. The average house value according to local real estate values is around $331,600. Please review the following demographics below for average income and media age.

Housing / Income DataValues
Households Per Zipcode8,771
Persons Per Household2.83
Average House Value$331,600
Income Per Household$125754
Median Age42.1
Median Age Male41.4
Median Age Female42.9
60124 DetailsValues
StateIL
State Full NameIllinois
City TypeP
City Alias Abbreviation
Area Code224/847
CityElgin
City Alias NameELGIN
CountyKane
County FIPS089
State FIPS17
Time Zone6
Day Light SavingY
MSA1602
PMSA1600
CSA176
CBSA16980
CBSA_DIV20994
CBSA_TypeMetro
CBSA_NameChicago-Naperville-Elgin, IL-IN
MSA_NameChicago-Gary-Kenosha, IL-IN-WI CMSA
PMSA_NameChicago, IL PMSA
RegionMidwest
DivisionEast North Central
MailingNameY
Economic & Growth ReviewValues
Number Of Businesses551
Number Of Employees7742
Business First Quarter Payroll109184
Business Annual Payroll482420
Business Employment Flag
Growth Rank0
Growth Housing Units 2003
Growth Housing Units 2004
Growth Increase Number0
Growth Increase Percentage0.0
Metropolitan DetailsValues
CBSA Population9461105
CBSA Division Population735165
Congressional District08|11
Congressional LandArea205.52|280.95
Delivery Residential9884
Delivery Business347
Delivery Total11708
Preferred Last Line KeyW12827
Classification Code
Multi-County
CSA NameChicago-Naperville, IL-IN-WI
CBSA_DIV_NameElgin, IL
City State KeyW12827
Land Area38.157000
Water Area0.090000
City Alias Code
City Mixed CaseElgin
City Alias Mixed CaseElgin
Box Count0
SFDU7983
MFDU297
State ANSI17
County ANSI089
ZIP Intro
Alias Intro
Facility CodeP
City Delivery IndicatorY
Carrier Route Rate SortationD
Finance Number162442
Unique ZIP Name
SSA State County Code14530
Medicare CBSA Code20994
Medicare CBSA NameElgin, IL
Medicare CBSA TypeMetro
Market Rating Area ID3
County Mixed CaseKane

Illinois Homeowners Insurance News & Information

  • How can I lower my homeowners insurance rate? Posted on Monday 18th August, 2025

    According to a recent report from the National Association of Realtors, homeowner insurance premiums have jumped up 10% since last year which follows a similar increase in 2023. Premium increases were even higher in states where severe weather and wildfires were more common.  In a recent AOL.com article, Paul Burns commented on how he had […]

  • 5 Perils Not Covered by Homeowners Insurance Posted on Tuesday 29th July, 2025

    Homeowners insurance is an absolute necessity to protect your home and its contents. If you have a mortgage on your home, it is also required. While homeowners insurance offers plenty of protection, there are gaps in coverage that you should be aware of because they can lead to massive out of pocket costs if you […]

  • Compare 2025 Homeowners Insurance Rates in Every State Posted on Thursday 24th July, 2025

    According to a recent study by Insurify, homeowners in every state will be paying more for insurance coverage by the end of the year.  The study found that climate change fueled natural disaster are the main cause of ever-increasing homeowner premiums. Wildfires out west, hailstorms in the Midwest and hurricanes and flooding in the South […]