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If you live in the 60607 zip code, we can help you find a better homeowners insurance policy at a lower price. Homeowners within the city of Chicago have saved hundreds of dollars on their annual premium when using GetHomeInsuranceQuotes.com.

Our service is always free and we not only find a great policy for you, our IL licensed agents will provide you with a free consultation to discuss your coverage needs and answer any questions you may have regarding policy coverages or rates.

It is easy to start shopping for a new policy, just click on the "Get Multiple Quotes Now" button below, confirm your 60607 and then compare quotes from a variety of nationwide insurance companies.

60607 Average Homeowners Insurance Rates

If you are shopping for a HO-3 policy, which is considered the standard when it comes to homeowners insurance, we can help. In 60607 the average premium for homeowners coverage is $856 which compares very well to the national average of $1,249.

Our site makes it easy for you to find the insurer that offers the best coverage at the best rate in 60607. We are happy to answer any questions you may have and explain the different type of coverage while helping you determine what coverage levels are best for your family.

Get Free Home Insurance Quotes in 60607 Today!

We can help you find up to 12 homeowners insurance quotes quickly and from the comfort of your own home. In addition, we can do a discount review to make sure you are getting all available discounts on your policy.

Click to review the best Chicago, IL home insurance quotes in your area.

60607 Home Insurance Average Premiums

Local 60607 homeowners insurance quotes comparison

$606 /yr.

Shows Zip Code: 60607 lowest rates with discounts applied on average.

For the 60607, 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)
$606 /yr.
Average Coverage:$856 /yr.
2600 sq. ft. or higher
(all discounts applied)
$1156 /yr.

What is the average home insurance cost for a home in 60607?

  • • The average homeowners insurance premium paid annually for a home in 60607 is around $856 per year.

What does it cost on average per month for home insurance in 60607?

  • • Homeowners in 60607 pay a monthly average cost per month around $71.00.

What kind of discount could I get if I combine my home and auto insurance together in 60607?

  • • Autoowners in 60607 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.

For shopping home insurance rates within the Chicago area, check out other zip codes nearby 60607.
Review average rates in another zip code:
60647 homeowners insurance rates
60646 homeowners insurance rates
60645 homeowners insurance rates
60654 homeowners insurance rates
60644 homeowners insurance rates
60606 homeowners insurance rates
60657 homeowners insurance rates
60616 homeowners insurance rates
60626 homeowners insurance rates
60609 homeowners insurance rates

Home Replacement Cost Coverage in 60607

Average Building Cost Per Square Foot in 60607: $154

Location: Chicago, Illinois (Cook County)

Average Square Footage in 60607: 2,853 Sq. Ft.

When building or updating a home, it's always good to review the average cost per square foot to build in 60607 before you start any project. Chicago 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 60607 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 60607 and want to estimated the dwelling coverage, than we will need the square footage of the home which is 2,853 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 Chicago 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$1542,853$439,400
Additional Upgrades & Added Features$1932,853$549,250
Major Home Updates or Advancements$2312,853$659,100

It's important to understand that when you estimate your replacement cost of your home in the 60607 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 60607

Allstate Insurance - Donna M. Strickland

Address: 1514 W Taylor St Chicago, IL 60607
Phone: (312)733-8181
Website:

Best Home & Auto Insurance Agencies in 60607

Farmers Insurance

Address: 815 W Van Buren St Chicago, IL 60607
Phone:
Website:
Info:

Allstate Insurance - Donna M. Strickland

Address: 1514 W Taylor St Chicago, IL 60607
Phone:
Website:
Info:

Housing Demographics for 60607

Population Review for 60607 Zip Code

For the city of Chicago, the population within 60607 has increased to over 36,658 residents in population size. The current population total is 31,816. We have broken down the population based on race below. In 60607, there are over 16018 in male population and 15798 females.

PopulationValues
Total Population31,816
White Population17042
Black Population3719
Hispanic Population2863
Asian Population7322
Hawaiian Population16
Indian Population70
Other Population1408
Male Population16018
Female Population15798
Population Estimate36658

Household Data for 60607

The average number of homes in 60607 is around 15,076, there are an average of 1.90 per household. The average house value according to local real estate values is around $439,400. Please review the following demographics below for average income and media age.

Housing / Income DataValues
Households Per Zipcode15,076
Persons Per Household1.90
Average House Value$439,400
Income Per Household$109634
Median Age30.7
Median Age Male30.7
Median Age Female30.7
60607 DetailsValues
StateIL
State Full NameIllinois
City TypeP
City Alias Abbreviation
Area Code312/773
CityChicago
City Alias NameCHICAGO
CountyCook
County FIPS031
State FIPS17
Time Zone6
Day Light SavingY
MSA1602
PMSA1600
CSA176
CBSA16980
CBSA_DIV16984
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 Businesses2044
Number Of Employees49895
Business First Quarter Payroll1319703
Business Annual Payroll5270621
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 Population7147982
Congressional District07
Congressional LandArea62.52
Delivery Residential19294
Delivery Business1957
Delivery Total21186
Preferred Last Line KeyW12401
Classification Code
Multi-County
CSA NameChicago-Naperville, IL-IN-WI
CBSA_DIV_NameChicago-Naperville-Schaumburg, IL
City State KeyW12401
Land Area2.313000
Water Area0.024000
City Alias Code
City Mixed CaseChicago
City Alias Mixed CaseChicago
Box Count0
SFDU1695
MFDU17043
State ANSI17
County ANSI031
ZIP Intro
Alias Intro
Facility CodeP
City Delivery IndicatorY
Carrier Route Rate SortationD
Finance Number161542
Unique ZIP Name
SSA State County Code14141
Medicare CBSA Code16984
Medicare CBSA NameChicago-Naperville-Evanston, IL
Medicare CBSA TypeMetro
Market Rating Area ID1
County Mixed CaseCook

Illinois Homeowners Insurance News & Information

  • Largest Insurer in California – Travelers Announces Home Insurance Rates Going Up 15% Posted on Monday 20th May, 2024

    Travelers Insurance, which is one of the largest insurers in California, recently announced that they will be raising premiums by an average of 15% in the Golden State. This is just the latest rate increase or policy limitation by major insurance companies who blame the increases on spreading wildfire risks, inflation, and the cost of […]

  • Should I raise my deductible to $10,000 to help offset the cost of rising premiums? Posted on Wednesday 15th May, 2024

    According to industry reports, homeowners are raising their deductibles to $5,000 to $10,000 to help offset the cost of rising premiums.  While raising a deductible into the stratosphere will absolutely lower your homeowner insurance premium, it does mean that you will have to cover your deductible amount in the event you have to make a […]

  • Should I choose the minimum or maximum homeowners insurance coverage? Posted on Monday 13th May, 2024

    As homeowner insurance rates rise across the country, some homeowners are opting for policies that offer minimal coverage to keep their premiums affordable. Unfortunately, this choice will leave them at higher risk and in a position where they may have to pay more out of pocket if they have to make a claim on their […]