Average homeowners insurance cost in Joliet, IL

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In Joliet, homeowners pay an average annual rate of $2,869 for a coverage level that includes $300,000 for dwelling, $100,000 for liability protection, and a $1,000 deductible, according to Insure.com’s rate analysis. This is $287 more than the national average of $2,582.

Homeowners insurance premiums can vary significantly from one property to another. In Joliet, the cost of home insurance is influenced by several factors, including:

Size of your home
Age of your home
Amount of coverage required
Location
Your credit score

It’s crucial to compare quotes from multiple insurers to ensure you get the best homeowners insurance policy. This allows you to find the coverage that meets your specific needs.

Read this guide to discover the monthly homeowners insurance cost in Joliet, explore the insurance costs for different dwelling coverage, and find out which companies offer affordable home insurance in Joliet.

Key takeaways

The cost of your homeowners insurance policy in Joliet can vary based on factors such as your location, the value of your home, and the coverage options you select.
Allstate is the cheapest homeowners insurance company in Joliet with an average annual premium of $1,679.
If you increase your dwelling coverage from $200,000 to $300,000, you will pay $592 more, annually for home insurance.

Average homeowners insurance cost in Joliet per month

Residents of Joliet pay an average of $239 a month for homeowners insurance, as per Insure.com’s rate analysis. It’s $15 less than the state average of $254 and $24 more than the national average for home insurance across the United States.

The cost of your homeowners insurance policy in Joliet may change based on location, property value, and selected coverage options.

Average homeowners insurance cost for a $200,000 house in Joliet

Homeowners insurance for dwelling coverage of $200,000 and liability protection of $100,000 costs $2,277 per year in Joliet, IL. Numerous factors influence your annual home insurance rates, including any natural disaster or event in your locality. For instance, certain regions have a higher risk of natural calamities such as floods, hurricanes, or tornadoes, implying higher expenses for rebuilding in these areas. These increased rebuilding expenses result in increased insurance premiums.

It is important to note that your insurance plan may not cover flood or hurricane damages. So, if you reside in an area prone to flooding, consider buying flood insurance coverage.

Average homeowners insurance cost for a $300,000 house in Joliet

According to Insure.com’s rate analysis, homeowners in Joliet typically pay an average of $2,869 annually for a home insurance policy with $300,000 in dwelling coverage, $100,000 in liability protection, and a $1,000 deductible.

If you increase your dwelling coverage from $200,000 to $300,000, your home insurance rates will rise by $592. It is advisable to purchase enough insurance to cover the entire cost of rebuilding your home. The required amount of dwelling coverage can vary based on factors such as the size of your home, its features, and the cost of living in your area.

Average homeowners insurance cost in Joliet by company

After evaluating several carriers, Allstate is the least expensive homeowners insurance provider in Joliet. It’s average annual rate for homeowners in Joliet is $1,679.

Auto-Owners holds the second position, while State Farm secures the third spot with an average annual home insurance rate of $1,947.

Researching the insurance company is crucial before selecting a homeowners insurance policy. Our experts have analyzed all insurance providers in Joliet and compiled a list of the cheapest home insurance providers. Below, you’ll find the home insurance companies in Joliet and their average annual premiums.

Home Insurance Company	Annual rate
Allstate	$1,679
Auto-Owners	$1,894
State Farm	$1,947
Nationwide	$2,255
Farmers	$3,165
American Family	$4,382
Travelers	$6,877
Country Financial	$3,632
USAA*	$2,002

Methodology

Insure.com, with the help of Quadrant Information Services, gathered data for homeowners insurance rates in Joliet for $300,000 dwelling coverage and $100,000 liability coverage with a $1,000 deductible. The data presented are those with a good credit tier alignment.