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Compare 60631 Home Insurance Rates Today!

Compare multiple home insurance rates for your home in Chicago just got easier with the quick quoting system provided by GetHomeInsuranceQuotes.com. We make it easier for you and your 12,221 neighbors looking to save on their home insurance policy in the local 60631 zip code area. Our process is very simple, easy to use and hassle free. We help you shop and compare competitive rates for your home in 60631. So how do we provide affordable home insurance quotes? We use your home details from our online quoting application to compare the best Illinois rates and coverage options with over 12 major carriers. Then we evaluate the best coverage and apply all the discounts and credits to help you save an additional 40%. We do all of this and more and our service online or over the phone is free. Let us help you compare your Chicago, IL home insurance rates today!

For more information about homeowners insurance, like average home insurance rates, coverage options or home insurance types, please select Home Insurance Rates in Chicago, IL

60631 Home Insurance Average Premiums

Local 60631 homeowners insurance quotes comparison

$674 /yr.

Shows Zip Code: 60631 lowest rates with discounts applied on average.

For the 60631, 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)
$674 /yr.
Average Coverage:$924 /yr.
2600 sq. ft. or higher
(all discounts applied)
$1224 /yr.

What is the average home insurance cost for a home in 60631?

  • • The average homeowners insurance premium paid annually for a home in 60631 is around $924 per year.

What does it cost on average per month for home insurance in 60631?

  • • Homeowners in 60631 pay a monthly average cost per month around $77.00.

What kind of discount could I get if I combine my home and auto insurance together in 60631?

  • • Autoowners in 60631 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 60631.
Review average rates in another zip code:
60640 homeowners insurance rates
60625 homeowners insurance rates
60614 homeowners insurance rates
60630 homeowners insurance rates
60604 homeowners insurance rates
60615 homeowners insurance rates
60652 homeowners insurance rates
60634 homeowners insurance rates
60602 homeowners insurance rates
60633 homeowners insurance rates

Home Replacement Cost Coverage in 60631

Average Building Cost Per Square Foot in 60631: $154

Location: Chicago, Illinois (Cook County)

Average Square Footage in 60631: 2,463 Sq. Ft.

When building or updating a home, it's always good to review the average cost per square foot to build in 60631 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 60631 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 60631 and want to estimated the dwelling coverage, than we will need the square footage of the home which is 2,463 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$1542,463$379,300
Additional Upgrades & Added Features$1932,463$474,125
Major Home Updates or Advancements$2312,463$568,950

It's important to understand that when you estimate your replacement cost of your home in the 60631 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 60631

Best Home & Auto Insurance Agencies in 60631

First Midwest Ins Group Inc

Address: 8577 W Higgins Rd, #250 Chicago, IL 60631
Phone:
Website:
Info:

Klein- Robert G - State Farm Insurance Agent

Address: 6645 N Oliphant Ave Chicago, IL 60631
Phone:
Website:
Info:

Allstate Insurance Company - Desiderio Javier

Address: 6774 N Northwest Hwy Chicago, IL 60631
Phone:
Website: http://www.allstateagencies.com/086169?cid=OTC-YP.com-IYP&att=TL
Info:

First Midwest Ins Grp Inc

Address: 875 Higgins Rd, Ste 250 Chicago, IL 60631
Phone:
Website:
Info:

Anthony Porrello-Farmers Insurance

Address: 6010 N Northwest Hwy Chicago, IL 60631
Phone:
Website: http://www.farmersagent.com/aporrello/
Info:

Housing Demographics for 60631

Population Review for 60631 Zip Code

For the city of Chicago, the population within 60631 has increased to over 29,296 residents in population size. The current population total is 29,691. We have broken down the population based on race below. In 60631, there are over 14268 in male population and 15423 females.

PopulationValues
Total Population29,691
White Population24637
Black Population273
Hispanic Population3653
Asian Population1078
Hawaiian Population7
Indian Population98
Other Population1154
Male Population14268
Female Population15423
Population Estimate29296

Household Data for 60631

The average number of homes in 60631 is around 12,221, there are an average of 2.40 per household. The average house value according to local real estate values is around $379,300. Please review the following demographics below for average income and media age.

Housing / Income DataValues
Households Per Zipcode12,221
Persons Per Household2.40
Average House Value$379,300
Income Per Household$103588
Median Age43.6
Median Age Male41.7
Median Age Female45.1
60631 DetailsValues
StateIL
State Full NameIllinois
City TypeP
City Alias Abbreviation
Area Code773/224/872/708
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 Businesses955
Number Of Employees22105
Business First Quarter Payroll525618
Business Annual Payroll2006299
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 District05|08|09
Congressional LandArea95.71|205.52|105.35
Delivery Residential12207
Delivery Business888
Delivery Total13452
Preferred Last Line KeyW12401
Classification Code
Multi-County
CSA NameChicago-Naperville, IL-IN-WI
CBSA_DIV_NameChicago-Naperville-Schaumburg, IL
City State KeyW12401
Land Area3.746000
Water Area0.000000
City Alias Code
City Mixed CaseChicago
City Alias Mixed CaseChicago
Box Count130
SFDU8705
MFDU3483
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 […]