Sailor Springs, IL Homeowners Insurance Rate Quotes!

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Are you looking for affordable home insurance rates in Sailor Springs, IL? Although price is a common factor for Sailor Springs homeowners when it comes to looking for a new homeowners policy, we also strive to help you find dependable coverage for your home and family. It's important to make sure your homeowners insurance provides the protection you need for home related damages due to home fires, theft, loss or weather damage. Not a bad deal for only around $71 a month! Better coverage options doesn't always have to be expensive, that is why we like to work with you to apply all the following home insurance discounts when comparing companies and the cost of each policy. You may not realize that there are additional discounts available other than the common smoke detectors, burglar alarm (security), and deadbolts. All of these possible discount items can help you save up to 40% or more on your homeowners insurance policy. Call 855-976-2656 or get quotes online and let our local Sailor Springs home insurance agent help you today!

LocationPremiumPer MonthShop Rates
Sailor Springs$857 /yr.$71 /mo.

Facts About Sailor Springs, IL

There are 170 people that happily call the great city of Sailor Springs home. Did you know, there are 38 housing units in town, making the average owner occupied household size roughly 3?

The average household income in Sailor Springs is around $34,444. One more great fact about Sailor Springs is the average cost of a house, which is $20,000 so housing is very affordable.

Average Sailor Springs Home Insurance Rates

Sailor Springs homeowners have the advantage of finding very affordable home insurance rates when you compare quotes from different companies. For a basis HO-3 homeowners insurance policy, you can find rates as low as $607 per year, this would cover a home around 1,500 square feet. Higher-end homes with much larger square footage size will cost more around $1,157 per year. Most of the time, your home insurance cost is due to the replacement cost value or dwelling coverage needed to rebuild your home.

You may not know that home insurance in Sailor Springs comes in a variety of types. The following types are just a few of the specific homeowners insurance types that are available:

  • HO-3: An HO-3 home insurance policy is the most common policy being sold and most likely the one you already have or will be getting when you purchase your new home. It will cover damages from everything except the perils that are excluded in the policy. Flood and earthquake damage are always excluded on a HO-3 policy. If your home is required to have a flood or earthquake policy, you will need to purchase a separate policy for this additional coverage.
  • HO-8: If you own an older home or looking to purchase one, the HO-8 policy is the correct coverage type for you. This type of policy is specially designed for older home and pays out on an actual cash value which means depreciation is subtracted from the replacement costs. Because the cost of original building materials, and fixing issues such as ancient wiring can be extremely expensive, a standard HO-3 policy may not be available for older homes.
  • H0-4: This is more commonly referred to as renter's insurance and offers protection for all of the personal property that you keep in your apartment. A renter's policy also offers liability insurance, which will cover the medical costs if a person is injured in your apartment. Renters insurance is extremely affordable and if you live in an apartment you should absolutely have this coverage.
    • Compare Homeowners Insurance Rates in Sailor Springs, IL!

      Enter your Zip Code:    

      Get up to 12 competitive Sailor Springs, IL homeowners insurance rates all in one place!

      Enter your Zip Code:    
      Easily compare up to 12 competitive Sailor Springs, IL rates all in one place!

      Average Rates Nearby Sailor Springs

      Are you looking for homeowners insurance in a city near Sailor Springs? Review coverage options and average rates in your area by clicking your city below. We can help you shop home insurance rates!

      Home Insurance Rates by Zipcode in Sailor Springs, IL

      Easily review average rates and get multiple homeowners insurance quotes by clicking your zip code below located in Sailor Springs.

Sailor Springs, IL Home Insurance Average Premiums

Local Sailor Springs, IL home insurance quotes comparison

$607 /yr.

Shows Sailor Springs's lowest average rates with discounts applied.

For the city of Sailor Springs, 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)
$607 /yr.
Average Coverage:$857 /yr.
2600 sq. ft. or higher
(all discounts applied)
$1157 /yr.

What is the average home insurance cost for a home in Sailor Springs, IL?

  • • The average homeowners insurance premium paid annually for a home in Sailor Springs is around $857 per year.

What does it cost on average per month for home insurance in Sailor Springs, IL?

  • • Homeowners in Sailor Springs pay an average cost per month around $71.00 for insurance coverage.

Sailor Springs, IL - 2023 Housing Information

Month Current Home Value (2023) Last Year Home Value (2022)
January $0 $0
February $0 $0
March $0 $0
April $0 $0

Homeowners insurance will help cover the cost to repair or replace your Sailor Springs 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 Sailor Springs
  • 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.
Enter your Zip Code:    

Get up to 12 competitive Sailor Springs, IL homeowners insurance rates all in one place!

Enter your Zip Code:    
Easily compare up to 12 competitive Sailor Springs, IL rates all in one place!

Saving Money Tips on Sailor Springs Home Insurance

A great way to save money on Sailor Springs 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 Sailor Springs 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
451 ft. This is the average home elevation in Sailor Springs, 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 Sailor Springs, 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

  • 2024 Average Homeowners Insurance Rate at $2,777 per year  Posted on Tuesday 20th February, 2024

    A recent report by Insurance.com, found that the average homeowners insurance rate in the U.S. came in at $2,777 per year which breaks down to $231 a month. The average was based on coverage levels of $300,000 in dwelling and liability and a $1,000 deductible. When Insurance.com ran the numbers, Oklahoma was the most expensive […]

  • NC Residents Speak Against 42% Rate Increase Requested by Rate Bureau Posted on Tuesday 13th February, 2024

    During a recent public comment session held by the North Carolina Department of Insurance, dozens of North Carolina residents spoke out against an average rate increase of 42% that the North Carolina Rate Bureau is requesting.  The Rate Bureau represents insurance companies in the state and earlier this year requested average rate increases of 42%. […]

  • Is Homeowners Insurance Part of Your New Years Resolution? Posted on Wednesday 31st January, 2024

    The New Year is here for 2024, and you have probably made a list of resolutions involving everything from eating better to losing a bit of weight. One thing that should be on everyone’s list is a review and update of their homeowners policy. The beginning of the year is a great time to pull […]

  • North Carolina: 2024 Homeowners Insurance Rate Increase Proposed Posted on Friday 19th January, 2024

    Recently, the North Carolina Rate Bureau requested that the N.C. Department of Insurance allow increases to homeowners’ insurance rates by an average of 42.2 percent. If the NCDOI agrees, the proposed rates will go into effect Aug. 1. However, it is also possible that the NCDOI will not agree to the increase and deny the […]

  • Shopping For Coastal NC Home Insurance Posted on Friday 19th January, 2024

    Getting an affordable home insurance policy is crucial when shopping for home insurance online, especially if your home is considered to be in a flood zone. Most homes that are in a flood zone are near the coast, like the Outer Banks of North Carolina. Major cities along the North Carolina coast like Calabash, Oak […]

Sailor Springs, IL Dwelling Coverage Estimate

It is important to calculate your dwelling coverage for your home in Sailor Springs 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 Sailor Springs, IL?

- The average square footage in Sailor Springs is around 130 Sq. Ft. which would cost you around $20,000 to replace the home if you base the home on the price to build per square foot of $154.

Minimum Replacement Cost Total: $20,000

Location: Sailor Springs, Illinois (Clay County)

Average Building Cost Per Square Foot in Sailor Springs: $154 (low end)

Average Square Footage in Sailor Springs: 130 Sq. Ft.

Home Improvement StatusPrice per Sq. Ft.Dwelling Coverage
None or Very Minor Improvements$154$20,000
Some Additional Upgrades$193$25,000
Major Home Updates or Advancements$231$30,000

The dwelling coverage is calculated by the average cost per square foot ($154) in Sailor Springs, 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.