60624 Home Insurance Rates

For homeowners living in 60624, the population estimates are increasing to well over 37,547 with 14,330 occupied homes within the zip code of 60624. Homeowners like you are dicovering up to 40% or more in savings when they shop their new home insurance policy online. At GetHomeInsuranceQuotes.com, we provide homeowners a free shopping service that allows you to easily compare up to 12 competitive quotes for free. Home insurance premiums in Chicago have increased and the average home insurance premium is around $827 per year in 60624. With our online quoting services and hassle free consultation, we can help you apply all the available discounts you need, plus review the best coverage and carrier option for you. Enter your 60624 zip code today so we can help you find affordable Chicago, IL home insurance premiums.

Compare Multiple Homeowners Insurance Rates in 60624

Please select one of the three options below based on your 60624 zip code to learn more about Illinois homeowners insurance, plus review average rates and information per state, county or city.

1. Illinois Homeowners Insurance Quotes
2. Cook County, IL Home Insurance
3. Chicago, IL Home Insurance Quotes

60624 Average Home Insurance Rating Cost is: Medium!

Getting cheaper homeowners insurance in the 60624 zip code just got easier with GetHomeInsuranceQuotes.com of Chicago, IL. A homeowners policy consists of a combined property and casualty coverage for your home. To insure your home for a variety of risks like fire, theft, windstorm damage or liability accidents, it's important to get the right home insurance coverage. A standard HO-3 homeowners policy will help you get the basic coverage you need. Their are multiple home insurance types and we can help you get the savings you are looking for you in your insurance cost, plus the enhanced coverage you need so you have the protection when you need it most. Shop your home in 60624 today and let us help you review the best home insurance quotes available for homeowners living in Chicago.

Get 60624 Homeowners Insurance Rates Now!

Average Building Cost Per Square Foot in 60624: $154

Average Square Footage in 60624: 1,225 Sq. Ft.

When building or updating a home, it's always good to review the average cost per square foot to build in 60624 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 60624 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 60624 and want to estimated the dwelling coverage, than we will need the square footage of the home which is 1,225 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.

It's important to understand that when you estimate your replacement cost of your home in the 60624 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.

Household Data for 60624

The average number of homes in 60624 is around 14,330, there are an average of 2.56 per household. The average house value according to local real estate values is around $188,700. Please review the following demographics below for average income and media age.

• 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 […]