Clay City, IL Homeowners Insurance Rate Quotes!
Did you know that Clay City homeowners are discovering how easy it is to get multiple rates online with GetHomeInsuranceQuotes.com? Our service provides a quoting application that quickly helps you enter the home details and information needed for us to generate up to 12 competitive home insurance rates. We understand that you don't have a lot of time to shop every insurance agency available that offers the best rates and coverages in Illinois. This is why our top-notch quoting services conveniently compare rates, coverages and discount options. We already know which home insurance companies are most competitive in your area and we are here to help you pick the best one based on price and coverage.
Since 2009, our IL agency strived to put the needs of the customer first allowing homeowners like yourself living in Clay City to quickly get the home insurance policy you need. Maybe you are shopping today because of unexpected rate increases in the Clay City area or maybe you are moving into a new home.
For fast home insurance rates for your home in Clay City, IL, please enter your zip code. The process only takes a few minutes to complete. Get home insurance quotes today or give us a call now at 1-855-976-2656!
Clay City, IL Market Data
| Source | Value |
|---|---|
| Location: | Clay City, IL (CLAY County) |
| Population: | 5,283 |
| Occupied Residents: | 2,316 |
| Average Real Estate Value Per Zip Code: | $85,100 |
Average Home Insurance Rates in Clay City
Below are some helpful resources about Clay City home insurance prices.
- What do homeowners in Clay City pay for home insurance on average? As low as $620.00 up to $1,170.00 per year on average.
- What can I expect to pay per month for home insurance in Clay City? About $73.00 per month
- What do most homeowners pay on average? Currently, the national average is around $1,311.00 per year.
The average home insurance rates in Clay City, IL are based on state "averages" which only includes an HO-3 home insurance package policies for homes that are currently occupied. Our quoting service is offered online or over the phone, we can help you find cheaper rates by comparing companies, coverage options and discounts.
Learn More About Home Insurance in Your Area
If you are a homeowner and you are looking to update your policy because of price, company or coverage, it's important to learn more about home insurance so you can get the best policy for you.
- Free Home Replacement Cost Value Calculator
- What does a replacement cost coverage and actual cash value mean for my home?
- This home insurance calculator will calculate your dwelling coverage for your home in Clay City, IL so you know what type of home insurance coverage you need to cover your replacement cost.
- What are the homeowners insurance discounts available to homeowners living in Illinois?
- Here are the top 3 home insurance credits available to homeowners.
Compare Homeowners Insurance Rates in Clay City, IL!
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Average Rates Nearby Clay City
Are you looking for homeowners insurance in a city near Clay City? Review coverage options and average rates in your area by clicking your city below. We can help you shop home insurance rates!
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Home Insurance Rates by Zipcode in Clay City, IL
Easily review average rates and get multiple homeowners insurance quotes by clicking your zip code below located in Clay City.
Clay City, IL Home Insurance Average Premiums
$620 /yr.
For the city of Clay City, 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) | $620 /yr. |
| Average Coverage: | $870 /yr. |
| 2600 sq. ft. or higher (all discounts applied) | $1170 /yr. |
What is the average home insurance cost for a home in Clay City, IL?
- • The average homeowners insurance premium paid annually for a home in Clay City is around $870 per year.
What does it cost on average per month for home insurance in Clay City, IL?
- • Homeowners in Clay City pay an average cost per month around $73.00 for insurance coverage.
Clay City, IL - 2023 Housing Information
| Month | Current Home Value (2023) | Last Year Home Value (2022) |
|---|---|---|
| January | $56,293 | $56,875 |
| February | $58,392 | $57,619 |
| March | $61,900 | $57,859 |
| April | $64,594 | $57,559 |
Homeowners insurance will help cover the cost to repair or replace your Clay City home if it is damaged or destroyed by a covered peril, up to your coverage limits. A homeowners policy is made up of a few different coverages. Here are the most common coverages:
- Dwelling: This coverage will pay to repair or replace the structure of your home if it is damaged or destroyed. Review and Calculate Replacement Cost Coverage in Clay City
- Liability: This coverage will help cover medical and legal bills if someone is injured in your home, slipping on an icy sidewalk for example. It also offers protection if you damage another person’s property, your child hitting a baseball through a neighbor’s window for example.
- Contents: This covers the cost to replace your personal possessions that are destroyed by a covered peril. Furniture, electronics, clothing and household goods are excellent examples. Contents coverage is often capped at 50% to 70% of your dwelling coverage.
- Other Structures: This coverage protects other structures on your property such as detached garages, outbuildings, barns, and sheds.
- Loss of use: This covers everyday costs that you incur if you cannot live in your home while it is being repaired due to a claim. It will pay hotel and restaurant bills and even the cost of dry cleaning.
Get up to 12 competitive Clay City, IL homeowners insurance rates all in one place! |
Saving Money Tips on Clay City Home Insurance
A great way to save money on Clay City homeowners insurance is to make sure you are getting all the discounts you are qualified to receive. Here are just a few of the most common discount’s insurers offer:
- Bundling: If you purchase your home and auto (or any other insurance coverage) from the same insurer, you should get a bundling discount. Expect to save 20%-25%.
- Secure your home: Adding a monitored security system, water leak sensors, deadbolts, and smoke detectors should result in a discount.
- Impact resistant roof: If you are replacing your roof, consider impact resistant roofing materials which help prevent hail and impact damage as well as resulting in a significant discount.
- Stay claim free: If you have been claim free for a number of years (five is a common requirement) your insurer should offer a claim free discount.
Are you shopping for the best rate near or wihin the Clay City area? Check out what homeowners are paying on average for Illinois homeowners insurance.
Elevation Review for Coastal Wind or Flooding Risk
| Elevation | Details | Homeowners Tips |
|---|---|---|
| 495 ft. | This is the average home elevation in Clay City, IL | Did you know that the elevation in which your home resides is crucial to a home insurance policy because it determines the risk factor related to your home being in a flood zone. It is important to understand that your home is not covered for floods under a standard homeowners policy. You will need to speak with a local Illinois flood insurance agent about a flood insurance policy, please give us a call now at 888-620-1954. |
To get online quotes on your home and compare rates on home insurance premiums in Clay City, enter your zip code above and easily complete our online quoting application. Remember, it's important to speak with us about additional home insurance discounts so you can get the best rate for your home in Clay County.
Illinois Homeowners Insurance News & Information
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What happens to my mortgage if my homeowners policy gets cancelled? Posted on Thursday 18th July, 2024
As more and more insurance companies stop writing policies in certain markets or cancel existing policyholders they find too big of a risk, homeowners are finding their policies cancelled or non renewed. While a cancelled policy is a shock, it doesn’t mean you need to panic. Following is a brief overview of what to do […]
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Why Are Homeowners Insurance Premiums Rising in 2024? Posted on Tuesday 9th July, 2024
As insurance rates rise at unprecedented rates, homeowners are cutting back on groceries, travel, dining out, and even medication to afford the cost of their insurance premiums. In even more shocking news, 1 in 10 homeowners are even consider moving to an area with lower premiums, according to a recent survey by Claimguide. According to […]
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Coastal Homeowners Insurance in Florida Posted on Monday 8th July, 2024
Florida has it all, constant sunshine, beaches,plenty of restaurants and entertainment. It also has some of the highest homeowner insurance premiums in the country. According to Value Penguin, the Sunshine State has the 14th most expensive homeowner insurance rates in the country with the average premium coming in at $1,727. While insurance premiums are high all […]
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Coastal Texas Home Insurance Rates Posted on Sunday 7th July, 2024
While windstorm insurance is not required in Texas, it is often a necessity if you live near the coast. In certain areas there is a good chance that your mortgage lender will require that you carry a windstorm policy. A windstorm policy will cover damage that is done by wind or hail. These are the […]
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North Carolina Joint Underwriters and Wind Pool Map Explained Posted on Wednesday 5th June, 2024
North Carolina is a lovely state to call home. Our state is packed with beautiful cities, museums, restaurants and of course, some of the loveliest beaches in the country. Unfortunately, if you live in one of our amazing coastal southern cities such as Ocean Isle Beach, Sunset Beach, Oak Island Beach, Calabash, Bald Head Island, […]
Clay City, IL Dwelling Coverage Estimate
It is important to calculate your dwelling coverage for your home in Clay City so you know what type of homeowners insurance coverage you need to cover your replacement cost. It is recommended to have enough dwelling coverage to rebuild your home if it was destroyed by a covered peril.
Please remember that replacement cost coverage does not include the cost of the land, only the price to rebuild your home, which is why we like to help customers by answering a few questions that you may have.
What is the average replacement cost coverage in Clay City, IL?
- The average square footage in Clay City is around 553 Sq. Ft. which would cost you around $85,100 to replace the home if you base the home on the price to build per square foot of $154.
Minimum Replacement Cost Total: $85,100
Location: Clay City, Illinois (Clay County)
Average Building Cost Per Square Foot in Clay City: $154 (low end)
Average Square Footage in Clay City: 553 Sq. Ft.
| Home Improvement Status | Price per Sq. Ft. | Dwelling Coverage |
|---|---|---|
| None or Very Minor Improvements | $154 | $85,100 |
| Some Additional Upgrades | $193 | $106,375 |
| Major Home Updates or Advancements | $231 | $127,650 |
The dwelling coverage is calculated by the average cost per square foot ($154) in Clay City, Illinois times your heated square footage. Which would equal the cost to rebuild your home minus the cost of the property or land. Some homes will have a higher replacement cost due to home improvements like updated kitchens and bathrooms. Other upgrades may include: granite countertops, hardwood floors and stainless steel appliances. The national square foot average to build a brand new home is around 2500 square feet. So if you are looking to build, and your square footage of your new home is 2500, you are looking at a dwelling coverage premium of around $481,250 (Media price to build of $193 x 2500 sq. ft.) to cover the cost to rebuild your new home.
What is the difference between actual cash value and replacement cost value?
Homeowners insurance is available in both actual cash value (ACV) and replacement cost value (RCV). Knowing the difference is important:
Actual cash value: When valuing your personal possessions, an actual cash value policy will take depreciation into account. This means that your 10-year-old TV will be basically worthless according to your insurance company. While an ACV policy tends to be cheaper, if you have to make a claim you may be disappointed in your claim payout.
Replacement cost value: A RCV policy will replace your possessions with brand new items of similar quality regardless of how old they were at the time they were destroyed. While RCV policies are slightly more expensive, they are well worth the cost if you have to make a claim.