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Homeowners Insurance in 60620

In Chicago, IL, our homeowners insurance rates are very competitive in price and coverage options. Many homeowners located in the 60620 zip code have found it very easy to shop with GetHomeInsuranceQuotes.com. When you start our quoting process, we will 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. Best of all, you can get up to 12 competitive quotes for your home in 60620 all from one place. Our quoting process is hassle free and we do not spam. If you want to see real savings on your new home insurance policy, let us help you shop online home insurance quotes that are more affordable and have better coverage. To start a free home insurance quote, simply click the "Get Multiple Quotes Now" button. Your 60620 should appear in the zip code field ready to go.

60620 Homeowners Insurance Rates Are Considered: Medium!

If your looking for a standard homeowners policy in Illinois, you are going to see rates around the average home insurance premium per year of $830. However, with our online quoting process, we can compare the most competitive rates for you. Plus, our professional advice will allow you to get the most out of your Chicago home insurance by making sure all the risk you may encounter will be covered. Homeowners insurance comes in a variety of different coverage options and we want to get you the best rate but also provide a dependable company and policy that you can stand behind when you need it the most.

Get 60620 Home Insurance Rates Now!

Best 3 Options to Compare in 60620

If you want homeowners insurance quotes within the city of Chicago or in the 60620 area then we can help you compare the most affordable options when it comes to getting a new homeowners insurance policy. Clicking on the link helps you find average home insurance rates in Chicago, IL.

60620 Home Insurance Average Premiums

Local 60620 homeowners insurance quotes comparison

$580 /yr.

Shows Zip Code: 60620 lowest rates with discounts applied on average.

For the 60620, 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)
$580 /yr.
Average Coverage:$830 /yr.
2600 sq. ft. or higher
(all discounts applied)
$1130 /yr.

What is the average home insurance cost for a home in 60620?

  • • The average homeowners insurance premium paid annually for a home in 60620 is around $830 per year.

What does it cost on average per month for home insurance in 60620?

  • • Homeowners in 60620 pay a monthly average cost per month around $69.00.

What kind of discount could I get if I combine my home and auto insurance together in 60620?

  • • Autoowners in 60620 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 60620.
Review average rates in another zip code:
60619 homeowners insurance rates
60649 homeowners insurance rates
60621 homeowners insurance rates
60631 homeowners insurance rates
60641 homeowners insurance rates
60646 homeowners insurance rates
60638 homeowners insurance rates
60609 homeowners insurance rates
60604 homeowners insurance rates
60660 homeowners insurance rates

Home Replacement Cost Coverage in 60620

Average Building Cost Per Square Foot in 60620: $154

Location: Chicago, Illinois (Cook County)

Average Square Footage in 60620: 1,006 Sq. Ft.

When building or updating a home, it's always good to review the average cost per square foot to build in 60620 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 60620 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 60620 and want to estimated the dwelling coverage, than we will need the square footage of the home which is 1,006 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$1541,006$154,900
Additional Upgrades & Added Features$1931,006$193,625
Major Home Updates or Advancements$2311,006$232,350

It's important to understand that when you estimate your replacement cost of your home in the 60620 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 60620

Allstate Insurance - Frances Wright

Address: 9013 S Western Chicago, IL 60620
Phone: (773)445-9400
Website:

Best Home & Auto Insurance Agencies in 60620

Kruel- Janice M

Address: 1819 W 87th St Chicago, IL 60620
Phone:
Website:
Info:

Housing Demographics for 60620

Population Review for 60620 Zip Code

For the city of Chicago, the population within 60620 has increased to over 62,628 residents in population size. The current population total is 66,514. We have broken down the population based on race below. In 60620, there are over 29755 in male population and 36759 females.

PopulationValues
Total Population66,514
White Population575
Black Population62977
Hispanic Population2144
Asian Population78
Hawaiian Population13
Indian Population152
Other Population1027
Male Population29755
Female Population36759
Population Estimate62628

Household Data for 60620

The average number of homes in 60620 is around 26,557, there are an average of 2.49 per household. The average house value according to local real estate values is around $154,900. Please review the following demographics below for average income and media age.

Housing / Income DataValues
Households Per Zipcode26,557
Persons Per Household2.49
Average House Value$154,900
Income Per Household$40117
Median Age41.0
Median Age Male38.3
Median Age Female43.2
60620 DetailsValues
StateIL
State Full NameIllinois
City TypeP
City Alias Abbreviation
Area Code773/872
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 Businesses569
Number Of Employees7092
Business First Quarter Payroll79978
Business Annual Payroll280744
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 District01
Congressional LandArea258.38
Delivery Residential25152
Delivery Business1231
Delivery Total27390
Preferred Last Line KeyW12401
Classification Code
Multi-County
CSA NameChicago-Naperville, IL-IN-WI
CBSA_DIV_NameChicago-Naperville-Schaumburg, IL
City State KeyW12401
Land Area6.997000
Water Area0.004000
City Alias Code
City Mixed CaseChicago
City Alias Mixed CaseChicago
Box Count641
SFDU16685
MFDU8318
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 […]