Compare quotes for your home in Illinois! It's easy and only takes a minute! Compare up to 12 carriers.
Illinois, or the "Prairie State" as we are sometimes known is a mix of small town hospitality, scenic byways, outdoor splendor and big city cultural centers. You will be amazed by all Illinois has to offer. Regardless of whether you are headed to Chicago for a shopping weekend or the Amish country to find a unique piece of handmade furniture, Illinois is a wonderful place to live.
Everyone is aware of how great Chicago is but Illinois has plenty of small town delights and natural beauties. Galena is just one example, this historic city combines nineteenth-century buildings with world class shopping. Outdoor activities abound as well, golfing, river kayaking and hitting nearby vineyards for wine tasting are all available for the taking.
Illinois Residential & Home Facts
Illinois has the fifth largest population in the country with 12,859,995 residents, which means that roughly 4% of the U.S. population calls Illinois home.
In Illinois, there are an average of 3 people living in every house and roughly 3,775 households per zip code. When it comes to median household income, Illinois comes in at number 18th with an average household income of $53,234. Homes are pretty affordable in Illinois with a median home value of $157,000, which was a tiny increase of 0.7% over last year. Illinois real estate reports are predicting a 2.5 percent increase this year making it a great time to get into the market.
Obviously, home prices will vary dramatically by region with the Chicago area being the most expensive. Glencoe for example, a suburb of Chicago, has a median home price of $927,000 compared to Midlothian where the average home comes in at a reasonable $160,000.
Homeowners Insurance in Illinois
The cost to insure a home in Illinois is pretty affordable with the average premium running $881 a year, which is below the national average of $1,034 according to the national average data provided by the national insurance commission and Illinois insurance state department.
There are a few ways to lower your premium even more. Shopping is the number one way to lower your insurance costs. Insurers rate risk differently so finding the right insurer for your type of risk is a great way to cut your insurance rates. Bumping up your deductible from $500 to $1,000 can result in a significant premium drop as well.
Factors to Consider in Illinois
There are many factors that impact homeowners insurance costs but one of the big ones is crime rates. Luckily, crime rates in Illinois come in below the national average with property crime rates at 22.7 per 1,000 residents compared to the national average of 27.7 per 1,000 residents.
One big exception is the city of Chicago. Crime rates in the Windy City are much higher than national average with a violent crime rate of 9 per 1,000 residents, which is almost three times higher than the national average.
Before settling on a neighborhood, check websites such as neighborhoodscout.com to review crime statistics. If the crime rates are too high, keep looking for a new neighborhood as a high crime rate can push insurance costs through the roof.
If Chicago, Springfield, Rockford, or Bonnie Illinois is going to be your new hometown, finding the perfect homeowners insurance policy is key to being happy in your new house. We can make the insurance shopping process quick and easy. Simply fill out our quick and easy Illinois quoting application online and we will shop up to 12 carriers to provide the most affordable rates in Illinois. It's the best way to shop dozens of home insurance companies quickly and ensure you get the best price on your homeowners coverage.
Average Homeowners Insurance Premiums in Illinois
With over 95% of all Americans are known to have homeowners insurance coverage, it's important to know what Illinois homeowners are paying on average. Did you know that the average homeowners insurance premium in Illinois is $1144? Illinois is now ranked 31 in the country. The country wide average for homeowners in the United States is $1,311. This means the average home insurance premium in Illinois is 12.74% less than the national average.
|Year||Average Annual Premium||Average Monthly Premium||State Rank (Overall)|
|2020||$1144 (8.5%)||$ 95||31|
|2019||$1054 (-4.4%)||$ 88||33|
|2018||$1103 (4.35%)||$ 92||28|
|2017||$1056 (1.33%)||$ 88||29|
|2016||$1042 (0.87%)||$ 87||28|
When we combine the state averages over the last decade, the Illinois overall average is estimated to be around $997.53. Our homeowners insurance quoting and rating process helps you compare homeowners insurance quotes, coverages and premiums. Illinois current state rank compare to the rest of the country is #31. Consider shopping your Illinois home insurance with us so we can help you save up to 40% or more on your policy.
Find Local IL Homeowners Insurance Quotes & Coverage
For more information on homeowners insurance in your area, choose a county below:
- Jo Daviess
- La Salle
- Rock Island
- Saint Clair
Illinois Homeowners Insurance News & Information
Florida Homeowners Advance From Citizens into Private Companies Posted on Tuesday 5th December, 2023
Homeowners Choice Property and Casualty Insurance Co. has assumed approximately 53,750 policies from Citizens Property Insurance Corp., Florida’s state-backed insurance company, the parent company says in a Tuesday news release. Homeowners Choice is owned by HCI Group Inc., a holding company with operations in homeowners insurance, information technology services, real estate and reinsurance. Homeowners Choice […]
North Carolina Joint Underwriters and Wind Pool Map Explained Posted on Thursday 30th November, 2023
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, Holden Beach, Oak Island Beach, Calabash, Bald Head Island, […]
Did you know? Your Home Insurance Doesn’t Cover… Posted on Wednesday 29th November, 2023
While homeowners insurance covers a variety of perils and protects your home and personal possessions, it does come with a number of exclusions and coverage gaps that can result in you having to cover the cost of certain damage out of pocket. Let’s have a quick look at what your homeowners policy does and doesn’t […]
2024 Homeowners Insurance Outlook Receives Negative Rating Posted on Tuesday 21st November, 2023
The insurance news for 2024 is certainly not great. Experts expect that extreme weather and increasing costs will push up insurance costs and make insurance companies more selective when deciding where they will write policies. Recently, credit rating agency AM Best downgraded the entire home insurance industry from stable to negative. According to Richard Attanasio, […]
What Is the 80/20 Rule In Homeowners Insurance? Posted on Wednesday 8th November, 2023
If you are purchasing a home, your lender will require that you carry homeowners insurance to protect their investment in your home. Homeowners coverage will help cover the cost of repairing or replacing your home if it is damaged or destroyed by a covered peril. Covered perils can include items such as a hurricane or […]
Illinois Housing & Real Estate Data
|Total Housing Units||5296715|
|Occupied Housing Units||4836972|
|Vacant Housing Units||459743|
|Vacant Housing Units for Rent||158882|
|Vacant Housing Units Rented Not Occupied||7998|
|Vacant Housing Units For Sale||82739|
|Vacant Housing Units Sold Not Occupied||16677|
|Vacant Housing Units For Seasonal Occasional Use||47289|
|Vacant Housing Units All Other Vacants||146158|
|Housing Units Homeowner Vacancy Rate Percent||2.5|
|Housing Units Rental Vacancy Rate Percent||9.1|
|Housing Tenure Occupied Units||4836972|
|Housing Tenure Occupied Units Owner Occupied||3263639|
|Housing Tenure Occupied Units Owner Occupied Population||8787463|
|Housing Tenure Occupied Units Owner Occupied Averge Household Size||2.69|
|Housing Tenure Occupied Units Renter Occupied||1573333|
|Housing Tenure Occupied Units Renter Occupied Population||3741396|
|Housing Tenure Occupied Units Renter Occupied Average Household Size||2.38|
Understanding Illinois Homeowners Insurance
When shopping for Illinois homeowners insurance quotes you should be aware of the various types of insurance policies that are available in your area:
- HO-3: This is the most common type of homeowers policy. This policy type protects your home against all perils, except ones that are specifically excluded. In most cases earthquake and flood damage are excluded.
- H0-6: This policy type is specifically written for condos or co-ops. If you own a condo or live in a co-op building this type of policy is a necessity. A HO-6 policy covers both your personal belongings and the structural parts of the building that you own. There are 16 disasters listed on a typical policy that HO-6 protects against.
- HO-4: If you are looking for Illinois renters insurance, a HO-4 policy is a great option. Renters insurance will cover your contents as well as offer liability coverage in the event a person is injured in your apartment.
While other types of policies exist, these are the most common ones. A HO-2 is a more basic policy that offers reduced coverage levels and a HO-5 is a high-end policy that offers increased protection.
If you are shopping for a new home in Illinois, homeowners insurance is a must do. We can help you find the perfect policy for your new home, regardless of whether you need a standard HO-3 policy, HO-6 or renters insurance, our site makes shopping for homeowners insurance quotes easy. Visit our online quoting application today and let us help you shop and compare up to 12 different Illinois rates and coverage options.