Average homeowners insurance cost in Illinois

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Whether you’re buying a new home or safeguarding the one you already own, it’s important to have comprehensive homeowners insurance. However, the amount you’ll pay depends on the insurance company and the coverage limits you choose.

Homeowners insurance in Illinois costs an average of $3,044 a year, according to Insure.com’s study.

Read this guide to learn more about the average homeowners insurance rates in Illinois by insurance company and ZIP code.

Key Takeaways

Homeowners insurance costs an average of $3,044 a year, based on our 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

The average cost of homeowners insurance in Illinois is $3,044 per year for the coverage limits of $300,000 dwelling coverage and $100,000 liability with a $1,000 deductible.

However, if you increase the dwelling coverage limit from $300,000 to $400,000, you will pay $3,672 per year for homeowners insurance in Illinois for $100,000 in liability protection and $1,000 deductible. Below, you can find the average cost of homeowners insurance in Illinois for dwelling coverage 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 decide rates based on risk. They consider your location, claims history, credit history and coverage limit when calculating premiums.

If your neighborhood has seen many claims over the past few years, you can expect to pay higher home insurance rates than an area 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 wise to shop around and compare prices before you buy homeowners insurance. There are many factors that go into deciding the best homeowners insurance company.

We have compared the insurers in Illinois using their NAIC score and AM Best rating and compiled a list of the best homeowners insurance in Illinois. Based on the analysis, Auto-Owners received the lowest NAIC score and A++ rating from AM Best. A lower NAIC score indicates fewer complaints relative to the company’s size, suggesting higher 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 offers the most affordable homeowners insurance in Illinois, at an average annual premium of $1,720, followed by State Farm and Nationwide.

You can save hundreds — if not thousands — of dollars each year if you shop around for homeowners insurance.

Here are the average annual and monthly insurance rates for Illinois homeowners for a policy with $300,000 dwelling coverage and $100,000 liability protection with 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

Insurance providers in Illinois factor in the risk of a given location when determining rates. ZIP codes with higher crime rates or frequent natural disasters are typically classified as high-risk, leading to increased premiums. Additionally, the cost of rebuilding or repairing homes in that area can affect your homeowners insurance costs.

To get the best deal on homeowners insurance rates in Illinois, take the time to shop around and compare quotes from multiple insurers. Additionally, don’t forget to ask about potential discounts, like bundling policies or a smart home discount.

Most affordable ZIP codes for home insurance rates in Illinois

Not every area in Illinois has the same home insurance cost. How much you pay for homeowners insurance in Illinois depends on many factors, including your ZIP code. Our data shows that 60178 ZIP has low-cost home insurance rates in Illinois, at about $2,589 a year or $216 monthly.

Below you can find homeowners insurance rates for some of 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 below data shows how much homeowners insurance rates have changed since 2019.

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

To find the right homeowners insurance, research thoroughly and compare costs from multiple insurers, as they assess risk differently. Getting quotes from at least three companies helps ensure you get 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.