Average homeowners insurance cost in Illinois

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Whether you’re buying a new home or want to protect the property you currently own, it’s important to have sufficient homeowners insurance coverage in place. However, home insurance policies can get expensive, depending on your insurer and the coverage level you choose.

On average, Illinois homeowners insurance costs $3,044 a year, based on Insure.com’s data.

Learn more about the average homeowners insurance rates by company and ZIP code in Illinois.

Key Takeaways

Homeowners insurance costs an average of $3,044 a year, based on Insure.com analysis.
Of all the ZIP codes in Illinois, 60178 has the most affordable home insurance rates at around $2,589 annually.
In Illinois, Allstate provides the most affordable home insurance at an average annual premium of $1,720.

Average home insurance cost in Illinois by coverage level

Homeowners insurance costs $3,044 a year in Illinois for the coverage limits of $300,000 dwelling coverage and $100,000 liability with a $1,000 deductible.

If you raise the dwelling coverage limit from $300,000 to $400,000, the cost of homeowners insurance in Illinois will increase to $3,672 per year for $100,000 in liability protection and a $1,000 deductible. Below, you’ll find the average cost of homeowners insurance in Illinois for dwelling coverage limits of $300,000, $400,000, and $500,000.

Coverage	Average annual rate	Average monthly rate
$200,000 with $1,000 Deductible and $100,000 Liability and None Deductible	$2,406	$200
$200,000 with $1,000 Deductible and $300,000 Liability and None Deductible	$2,423	$202
$300,000 with $1,000 Deductible and $100,000 Liability and None Deductible	$3,044	$254
$300,000 with $1,000 Deductible and $300,000 Liability and None Deductible	$3,062	$255
$400,000 with $1,000 Deductible and $100,000 Liability and None Deductible	$3,672	$306
$400,000 with $1,000 Deductible and $300,000 Liability and None Deductible	$3,693	$308
$600,000 with $1,000 Deductible and $100,000 Liability and None Deductible	$5,108	$426
$600,000 with $1,000 Deductible and $300,000 Liability and None Deductible	$5,135	$428
$1,000,000 with $1,000 Deductible and $100,000 Liability and None Deductible	$7,834	$653
$1,000,000 with $1,000 Deductible and $300,000 Liability and None Deductible	$7,869	$656

Homeowners insurance companies in Illinois determine rates based on risk factors. When calculating premiums, they consider your location, claims history, credit history and coverage limits.

If your neighborhood has experienced many claims in the last few years, you can expect to pay higher home insurance rates than areas with few to no claims. Your credit score can also play a role in determining your home insurance costs.

According to S&P Global Market Intelligence’s RateWatch application, the average homeowners insurance premium for owner-occupied homes nationwide increased by over 11% in 2023.

Best homeowners insurance companies in Illinois

It’s always a good idea to shop around and compare prices before purchasing homeowners insurance. Several factors come into play when choosing the best homeowners insurance company.

We evaluated homeowners insurance providers in Illinois by comparing their NAIC scores and AM Best ratings and compiled a list of the top insurers in the state. Based on Insure.com’s analysis, Auto-Owners received the lowest NAIC score and an AM Best rating of A++. A lower NAIC score signifies fewer complaints relative to the company’s size, indicating greater customer satisfaction.

Company	Average annual premium	AM Best rating	NAIC Complaint Index	Overall score
Auto-Owners	$2,228	A++	0.33	5
Country Financial	$3,551	A+	0.26	4.79
Farmers	$3,246	A	0.54	4.24
American Family	$5,063	A	0.37	4.19
Nationwide	$2,043	A+	0.87	4.03
Allstate	$1,720	A+	0.9	3.98
State Farm	$2,035	A++	0.95	3.9
Travelers	$7,830	A++	0.54	3.44

Average homeowners insurance cost by company in Illinois

Allstate has the cheapest homeowners insurance rates in Illinois. Its average annual cost for Illinois homeowners is $1,720. State Farm and Nationwide also offer affordable insurance.

By comparing homeowners insurance rates, you could save hundreds, if not thousands, of dollars annually.

The table below shows the average annual and monthly insurance rates for homeowners in Illinois with $300,000 in dwelling coverage, $100,000 in liability coverage, and a $1,000 deductible.

Company	Average annual rate	Average monthly rate
Allstate	$1,720	$143
State Farm	$2,035	$170
Nationwide	$2,043	$170
Auto-Owners	$2,228	$186
Farmers	$3,250	$271
Country Financial	$3,551	$296
American Family	$5,063	$422
Travelers	$8,513	$709
USAA*	$2,243	$187

*USAA is only available to military community members and their families.

Illinois homeowners insurance rates by ZIP code

In Illinois, insurance companies evaluate the risk associated with specific locations to determine premiums. ZIP codes with higher crime rates or a history of natural disasters are often considered high-risk, resulting in higher insurance premiums. Additionally, the cost of rebuilding or repairing homes in a particular ZIP code can influence your price for a homeowners insurance policy.

Shop around and compare quotes from different insurance companies to find the best home insurance rates in Illinois. Also, remember to inquire about any discounts, such as bundling policies or smart home discounts, to help lower your premium.

Most affordable ZIP codes for home insurance rates in Illinois

Homeowners insurance costs in Illinois can vary widely by location, with your ZIP code being a key factor in determining your rate. Based on our data, the the 60178 area has the most affordable insurance rates, at $2,589 annually or $216 monthly.

Below are the homeowners insurance rates for the most affordable ZIP codes in Illinois.

ZIP code	Average annual rate	Average monthly rate
60178	$2,589	$216
60115	$2,594	$216
60516	$2,606	$217
60189	$2,621	$218
60126	$2,622	$219
60514	$2,626	$219
60112	$2,627	$219
61704	$2,632	$219
61748	$2,637	$220
60521	$2,644	$220

Most expensive ZIP codes for home insurance rates in Illinois

In Illinois, certain areas experience higher premiums because of higher crime rates, increased risk of natural disasters and the cost of living.

Homeowners in 60644 ZIP pay the highest insurance rates in Illinois, with an average annual premium of $4,665.

Below is a list of some of the most expensive ZIP codes in Illinois for homeowners insurance.

ZIP code	Average annual rate	Average monthly rate
60644	$4,665	$389
60636	$4,585	$382
60621	$4,582	$382
60624	$4,544	$379
60609	$4,382	$365
60637	$4,339	$362
60619	$4,284	$357
60651	$4,258	$355
60628	$4,210	$351
60699	$4,173	$348

Home insurance rates vary from one city to another. But with Insure.com, finding the right home insurance policy is easy. Learn more about homeowners insurance costs for different cities below.

Home insurance rates in Illinois by city

See rates in your city

Home insurance rate trend in Illinois

We analyzed home insurance rate trends in Illinois and found that homeowners insurance rates experienced an overall increase of 18% or $455, from 2022 to 2023.

The data below shows how much homeowners insurance rates have changed since 2019.

2019 rates	2022 rates	2023 rates
$1,883	$2,589	$3,044

To choose the right homeowners insurance, it’s important to conduct thorough research and compare rates from various insurers, as each evaluates risk differently. Comparing quotes from at least three companies can help you secure the most affordable coverage in Illinois.

Resources & methodology

Source

S&P Global. “US homeowners insurance rates jump by double digits in 2023.” Accessed September 2024.

Methodology

Insure.com worked with Quadrant Information Service to get homeowners insurance data. We analyzed 20,739,560 insurance quotes from 82 national and regional insurance companies across 34,588 ZIP codes to determine the average premiums.

The insurance rates are based on a sample profile of a homeowner with good credit and the following coverage level:

$300,000 dwelling coverage
$100,000 liability protection
$1000 deductible

We have taken into account 3 important factors such as average annual cost, NAIC score and AM Best rating, to determine the list of best homeowners insurance companies. The quoted insurance rates are for comparison purposes, and your individual rates may vary.

Shivani Gite

Contributing Writer

Shivani Gite is a personal finance and insurance writer with a degree in journalism and mass communication. She is passionate about making insurance topics easy to understand for people and helping them make better financial decisions.