Average homeowners insurance cost in Joliet, Illinois

Why you can trust Insure.com

Quality Verified

At Insure.com, we are committed to providing the timely, accurate and expert information consumers need to make smart insurance decisions. All our content is written and reviewed by industry professionals and insurance experts. Our team carefully vets our rate data to ensure we only provide reliable and up-to-date insurance pricing. We follow the highest editorial standards. Our content is based solely on objective research and data gathering. We maintain strict editorial independence to ensure unbiased coverage of the insurance industry.

Homeowners in Joliet pay an average of $2,734 per year for a policy with $300,000 in dwelling coverage, $100,000 in liability, and a $1,000 deductible. That’s $219 more than the national average of $2,515. Among local insurers, Auto-Owners comes in with the lowest rates, averaging $895 per year.

Still, that number won’t apply to every household. Home insurance premiums in Joliet can vary by hundreds or even thousands of dollars depending on:

Size of your home
Age of your home
Amount of coverage you need
Location
Your credit score

Ways to lower your home insurance in Joliet

Compare 3+ quotes before every renewal – different companies offer the same coverage at different prices
Raise your deductible from $1,000 to $2,500 to save 10% to 15%
Bundle home and auto for a 10% to 25% multi-policy discount
Ask about discounts for security systems, smart-home devices, and claims-free history
Improve your credit in states where insurers use it

Average homeowners insurance cost per month in Joliet

On a monthly basis, homeowners in Joliet pay an average of $228. That’s $9 less than the state average of $219 and $18 more than the national average.

One of the most effective things you can do to reduce that figure is to compare quotes from several different insurers before renewing.

A quick look at homeowners insurance costs in Joliet

Homeowners insurance in Joliet costs around $2,734 per year, but rates vary significantly based on coverage levels and insurer. Choosing the right coverage amount and comparing providers can help you find the best value for your needs.

Homeowners insurance costs $2,734 per year in Joliet
At $895 per year, Auto-Owners offers the cheapest homeowners insurance in Joliet
Your home insurance rates increase by $647 more annually if you increase your dwelling coverage from $200,000 to $300,000

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

For a home with $200,000 in dwelling coverage in Joliet, the average annual premium is $2,087. Your actual rate may shift depending on local hazards, which includes areas with higher natural disaster exposure often see elevated rebuilding costs, which pushes premiums up.

Standard policies generally don’t cover flood or hurricane damage, since those events can trigger widespread losses across large regions simultaneously. If your home is in a high-risk zone, separate flood or windstorm coverage may be necessary for complete protection.

It’s also worth making sure your dwelling limit reflects what it would actually cost to rebuild your home today – not its current market value. Reviewing your coverage regularly, comparing quotes, and taking advantage of available discounts are all practical ways to keep your costs manageable.

Does it feel like you’re paying a lot for insurance in Joliet?

Your premium isn’t fixed. Small changes to your policy or home can help lower what you pay each month.

You may be able to save money by:

Increasing your deductible
Bundling your home and auto insurance
Improving your credit score
Installing smoke detectors or a home security system
Comparing quotes from multiple insurers regularly

Simple updates to your policy or home could help reduce your monthly bill.

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

At the $300,000 dwelling coverage level, homeowners in Joliet pay an average of $2,734 per year. Moving from $200,000 to $300,000 in coverage typically adds around $647 to your annual premium.

The reason is straightforward: a higher limit means the insurer assumes more financial risk if your home is severely damaged or destroyed. That said, the added premium is often a worthwhile trade-off. Being underinsured after a major loss could leave you paying hundreds of thousands of dollars out of pocket.

People also ask:

How much dwelling coverage do you need for your home?

Your dwelling coverage should be enough to fully rebuild your home at today’s construction prices – which is often different from what the home would sell for on the market. According to the Insurance Information Institute (III), a nonprofit organization that provides data and insights on the insurance industry, most policies cover personal belongings at roughly 50% to 70% of the dwelling coverage amount. To find the right number, factor in your home’s size, the materials it’s built with, and local labor costs in Joliet.

Is $300,000 enough homeowners insurance coverage?

It depends on what it would cost to rebuild your specific home in Joliet. In areas with higher construction costs, $300,000 may not stretch far enough. Compare your coverage to rebuilding costs, not your home’s market value.

Average homeowners insurance cost in Joliet by company

In Joliet, Auto-Owners has the lowest average rate at $895 per year. Allstate and Travelers also offer competitive rates.

Because rates and coverage terms can differ significantly from one company to the next, comparing several quotes is one of the smartest moves you can make.

Home insurance company	Annual rate
Auto-Owners	$895
Allstate	$1,307
Travelers	$2,233
State Farm	$2,256
Farmers	$3,315
Country Financial	$4,500
American Family	$7,408
USAA*	$2,138

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

What factors affect homeowners insurance rates in Joliet?

Insurers set your premium by estimating how likely you are to file a claim and what that claim might cost them. They consider factors like your home’s condition, location, and personal financial history.

Here’s a breakdown of the variables that decide your rate:

Size of your home. The larger your home, the more it costs to rebuild, and dwelling coverage exists to pay for exactly that. A 3,500-square-foot home will almost always carry a higher premium than a 1,500-square-foot home on the same street. Insurers base this on square footage, building materials, and regional labor costs – not your home’s sale price or market value.
Age of your home. Older properties tend to cost more to insure because of aging infrastructure: outdated wiring, older plumbing systems, and worn roofs all raise the risk of a claim. A home from 1925 with its original electrical system can cost 20% to 40% more to insure than a recently built home of comparable size. If you’ve made updates to major systems, letting your insurer know can help bring your rate down.
Amount of coverage you need. Higher limits mean higher premiums, but your deductible is something you can adjust to manage costs. Increasing it from $1,000 to $2,500 can shave 10% to 15% off your premium; bumping it to $5,000 can save more than 20%. That said, only choose a deductible you’d genuinely be able to cover in an emergency.
Location. Two houses just a few miles apart can carry meaningfully different premiums. Insurers evaluate your ZIP code’s exposure to hail, wind, flooding, and wildfire, as well as local crime rates and your proximity to fire services. Homes more than 5 miles from a fire station are often priced higher as a result.
Your credit score. In most states, insurers use a credit-based insurance score as one predictor of claim behavior. Homeowners with poor credit may pay 50% more than those with excellent credit for identical coverage. California, Maryland, and Massachusetts prohibit this practice for home insurance.
Claims history. Even claims filed on a previous home can follow you. Two or more claims in the past 5-7 years can drive up your rate or limit your options. Insurers may also pull a CLUE report on your property’s address. So if the previous owner filed frequently, that history can still affect what you pay.

Frequently asked questions

Is homeowners insurance required in Joliet?

Homeowners insurance is not legally required by law in Joliet, but if you have a mortgage, your lender will almost certainly require it as a condition of your loan. Even if you own your home outright, going without coverage is a significant risk. A single major event like a fire or severe storm could cause hundreds of thousands in damage in repairs entirely out of pocket.

How much coverage do I need for my home?

You need enough dwelling coverage to fully rebuild your home from the ground up if it were completely destroyed. This isn’t the same as your home’s market value. It’s based on local construction costs, the size of your home, and the materials used.

A good starting point is to get a replacement cost estimate from your insurer or an independent appraiser. It’s also worth revisiting your coverage amount every few years, since construction costs can rise over time.

What does homeowners insurance not cover?

Standard homeowners insurance policies typically exclude damage from floods and earthquakes, two of the most costly natural disasters. If you live in an area prone to either, you’ll need separate policies to fill those gaps.

Other common exclusions include normal wear and tear, pest infestations, and sewer backups, though some of these can be added as optional riders. Always read your policy carefully so you know exactly what you’re protected against before you need to file a claim.

Methodology

In 2025, Insure.com, with the help of Quadrant Information Services, gathered data for homeowners insurance rates in Joliet for $300,000 dwelling coverage, $100,000 liability coverage with a $1,000 deductible. The data presented are those with a good credit tier alignment.

Sources

Insurance Information Institute. How much homeowners insurance do you need? Accessed May 2025.

How much is home insurance in other cities?

See rates in your city

Alisha Ambre

Alisha Ambre holds a Bachelor of Arts with honours in English Literature and Media Studies. She focuses on crafting clear, engaging content that makes complex information feel practical and approachable for everyday readers. When she’s not writing, she’s likely on the volleyball court or immersed in a good video game.