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60634, IL Homeowners Insurance Rates

With a population size of 75,694 and with 26,551 occupied homes in the 60634 area, our online shopping service is becoming very helpful for homeowners like you. The average home insurance premiums in Chicago, IL are around $833 per year for a standard HO-3 homeowners policy. Wouldn't you love to save up to 40% or more on your next home insurance policy? Our process easily compares the most competitive rates, while including all discounts and credits, plus reviewing all enhanced coverage options. You will find that GetHomeInsuranceQuotes.com is the best place online to shop for home insurance rates in Chicago, Illinois. If you are looking for more affordable rates, let us help you shop and compare your next homeowners policy today. Just enter your zip code to start online comparing, or give us a call at 1-855-976-2656 so we can help you review rates today!

It's important to know that if your Illinois home may be located in a risk area that is prone to flooding, hurricanes or earthquakes. You may need additional coverage that is not part of your current policy like an HO-3 or HO-2. We can help you review the best protection and coverage options for your home located in Chicago, IL.

For Illinois home insurance information, including average Chicago home insurance rates, coverage options or the different homeowners insurance types, please select Chicago, IL Home Insurance Quotes Now!

60634 Home Insurance Average Premiums

Local 60634 homeowners insurance quotes comparison

$583 /yr.

Shows Zip Code: 60634 lowest rates with discounts applied on average.

For the 60634, 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)
$583 /yr.
Average Coverage:$833 /yr.
2600 sq. ft. or higher
(all discounts applied)
$1133 /yr.

What is the average home insurance cost for a home in 60634?

  • • The average homeowners insurance premium paid annually for a home in 60634 is around $833 per year.

What does it cost on average per month for home insurance in 60634?

  • • Homeowners in 60634 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 60634?

  • • Autoowners in 60634 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 60634.
Review average rates in another zip code:
60612 homeowners insurance rates
60616 homeowners insurance rates
60640 homeowners insurance rates
60617 homeowners insurance rates
60610 homeowners insurance rates
60622 homeowners insurance rates
60601 homeowners insurance rates
60641 homeowners insurance rates
60606 homeowners insurance rates
60637 homeowners insurance rates

Home Replacement Cost Coverage in 60634

Average Building Cost Per Square Foot in 60634: $154

Location: Chicago, Illinois (Cook County)

Average Square Footage in 60634: 1,850 Sq. Ft.

When building or updating a home, it's always good to review the average cost per square foot to build in 60634 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 60634 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 60634 and want to estimated the dwelling coverage, than we will need the square footage of the home which is 1,850 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$1541,850$284,900
Additional Upgrades & Added Features$1931,850$356,125
Major Home Updates or Advancements$2311,850$427,350

It's important to understand that when you estimate your replacement cost of your home in the 60634 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 60634

Best Home & Auto Insurance Agencies in 60634

Farmers Insurance

Address: 7148 W Addison St Chicago, IL 60634
Phone:
Website: http://www.farmers.com
Info: Auto Insurance Quotes | Home, Life & Car Insurance | Farmers Insurance
Home, life and auto insurance quotes from Farmers Insurance Group. With discounts on car insurance and fast claim service its no wonder over 4000 customers a day switch to Farmers. Farmers Insurance group, auto insurance quotes, car insurance, auto insurance, automobile insurance, rate quote, business insurance, financial insurance, home insurance, mutual funds, life insurance, motorcycle insurance, farmers agent, renters insurance,

Affordable Insurance Agency

Address: 6156 W Belmont Ave Chicago, IL 60634
Phone:
Website:
Info:

A-Aa Austin Auto Insurance

Address: 7142 W Belmont Ave Chicago, IL 60634
Phone:
Website:
Info:

Coleman- Thomas J - State Farm Insurance Agent

Address: 3315 N Harlem Ave Chicago, IL 60634
Phone:
Website:
Info:

Burgess- Steven P

Address: 7341 W Addison St Chicago, IL 60634
Phone:
Website:
Info:

Housing Demographics for 60634

Population Review for 60634 Zip Code

For the city of Chicago, the population within 60634 has increased to over 71,477 residents in population size. The current population total is 75,694. We have broken down the population based on race below. In 60634, there are over 36761 in male population and 38933 females.

PopulationValues
Total Population75,694
White Population41007
Black Population1925
Hispanic Population32619
Asian Population4030
Hawaiian Population35
Indian Population1282
Other Population15977
Male Population36761
Female Population38933
Population Estimate71477

Household Data for 60634

The average number of homes in 60634 is around 26,551, there are an average of 2.84 per household. The average house value according to local real estate values is around $284,900. Please review the following demographics below for average income and media age.

Housing / Income DataValues
Households Per Zipcode26,551
Persons Per Household2.84
Average House Value$284,900
Income Per Household$75878
Median Age40.6
Median Age Male39.6
Median Age Female41.7
60634 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 Businesses1511
Number Of Employees8797
Business First Quarter Payroll89911
Business Annual Payroll396690
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 District03|05
Congressional LandArea237.18|95.71
Delivery Residential25168
Delivery Business1301
Delivery Total27307
Preferred Last Line KeyW12401
Classification Code
Multi-County
CSA NameChicago-Naperville, IL-IN-WI
CBSA_DIV_NameChicago-Naperville-Schaumburg, IL
City State KeyW12401
Land Area7.109000
Water Area0.009000
City Alias Code
City Mixed CaseChicago
City Alias Mixed CaseChicago
Box Count271
SFDU19844
MFDU5276
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 […]