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In Illinois, renters insurance rates depend on factors like your insurer, chosen coverage limits and personal circumstances. On average, renters pay $246 annually or $20 monthly for a policy with $40,000 in personal property coverage, $300,000 in liability protection, and a $1,000 deductible.
Key Takeaways
- The average cost of renters insurance in Illinois is $246 per year or $20 per month.
- Nationwide provides the least expensive renters insurance in Illinois at an average rate of $165 annually.
- Renters insurance rates can vary significantly among insurance companies. Compare quotes to find the best deal on renters insurance in Illinois.
Average renters insurance cost in Illinois per month
In Illinois, the average cost of renters insurance is $20 per month. However, the exact premiums may vary based on factors like your location, the value of your belongings, and the amount of coverage you choose. It’s always a good idea to compare quotes from multiple insurers to ensure you get the best deal.
| Average renters ins cost per month | Difference compared to national average |
|---|---|
| $20 | $2 less |
Average renters insurance cost in Illinois by company
Renters in Illinois can find the most budget-friendly insurance with Nationwide, which has an average annual cost of $165, according to our data. Other affordable options include State Farm and Allstate.
It’s a good idea to gather quotes from at least three insurance providers, as each company calculates premiums differently.
Below are the average annual and monthly renters insurance rates from various insurers in Illinois.
| Company | Average annual rate | Average monthly rate |
|---|---|---|
| Nationwide | $165 | $14 |
| State Farm | $169 | $14 |
| Allstate | $197 | $16 |
| Auto-Owners | $204 | $17 |
| Farmers | $311 | $26 |
| American Family | $321 | $27 |
| Country Financial | $336 | $28 |
| Travelers | $491 | $41 |
| USAA | $189 | $16 |
Renters insurance calculator in Illinois
Average cost of renters insurance in Illinois by coverage level
On average, Illinois renters pay $246 each year for insurance for a coverage limit of $40,000 in personal property, $300,000 in liability protection and a $1,000 deductible.
Reducing your personal property coverage from $40,000 to $20,000 can lower your renters insurance cost in Illinois to $188 per year. This policy still includes $300,000 in liability protection and a $1,000 deductible. However, you should ensure that $20,000 is adequate coverage for your personal belongings before making this change.
Below are the average annual renters insurance costs in Illinois for personal property coverage of $20,000 and $40,000.
| Coverage level | Average annual renters insurance rate | Average monthly renters insurance rate |
|---|---|---|
| $20,000 with $500 Deductible and $100,000 Liability | $185 | $15 |
| $20,000 with $500 Deductible and $300,000 Liability | $202 | $17 |
| $20,000 with $1,000 Deductible and $100,000 Liability | $170 | $14 |
| $20,000 with $1,000 Deductible and $300,000 Liability | $188 | $16 |
| $40,000 with $500 Deductible and $100,000 Liability | $246 | $21 |
| $40,000 with $500 Deductible and $300,000 Liability | $265 | $22 |
| $40,000 with $1,000 Deductible and $100,000 Liability | $227 | $19 |
| $40,000 with $1,000 Deductible and $300,000 Liability | $246 | $20 |
| $60,000 with $500 Deductible and $100,000 Liability | $303 | $25 |
| $60,000 with $500 Deductible and $300,000 Liability | $323 | $27 |
| $60,000 with $1,000 Deductible and $100,000 Liability | $279 | $23 |
| $60,000 with $1,000 Deductible and $300,000 Liability | $300 | $25 |
Average cost of renters insurance in Illinois by city
Renters insurance premiums can vary widely between cities. To help you choose the right policy, we’ve compiled average costs by location. Explore renters insurance rates across various cities in Illinois and find the best fit for your budget.
Renters insurance rates vary from one city to another. But with Insure.com, finding the right renters insurance policy is easy. Learn more about renters insurance costs for different cities below.
Renters insurance rates in Illinois by city
Average cost of renters insurance in Illinois by ZIP code
The cost of renters insurance in Illinois varies by ZIP code. It’s important to note that the affordability of renters insurance can differ significantly depending on your location.
To provide a more comprehensive overview, let’s see some of the most and least affordable ZIP codes for renters insurance in Illinois.
Most affordable ZIP codes for renters insurance in Illinois
How much Illinois renters pay for insurance depends on the ZIP code they live in. 61258 is the most affordable ZIP code for renters insurance in Illinois among all the ZIP codes analyzed, at $223 a year on average.
Rates vary by ZIP code, so comparing quotes is one of the easiest ways to get the best deal on renters insurance in Illinois.
| ZIP code | City | Average annual rate | Average monthly rate |
|---|---|---|---|
| 61258 | Hooppole | $223 | $19 |
| 62313 | Basco | $224 | $19 |
| 62374 | Tennessee | $224 | $19 |
| 61425 | Carman | $224 | $19 |
| 61435 | Gerlaw | $224 | $19 |
| 61419 | Bishop Hill | $224 | $19 |
| 60110 | Carpentersville | $225 | $19 |
| 60136 | Gilberts | $225 | $19 |
| 60174 | St. Charles | $225 | $19 |
| 60118 | East Dundee | $225 | $19 |
Least affordable ZIP codes for renters insurance in Illinois
Among the ZIP codes analyzed by Insure.com, the least affordable ZIP code for renters insurance in Illinois is 60699, with an average cost of $320 a year or $27 monthly.
We analyzed quotes from multiple insurance providers across every ZIP code in Illinois. Below, you’l find the average annual renters insurance premiums broken down by ZIP code.
| ZIP code | City | Average annual rate | Average monthly rate |
|---|---|---|---|
| 60699 | Chicago | $320 | $27 |
| 60499 | South Suburban | $304 | $25 |
| 60617 | Chicago | $304 | $25 |
Final thoughts: Average renters insurance in Illinois
Renters insurance is essential for residents of Illinois. It safeguards possessions against damage from fire, theft, vandalism, and natural disasters, ensuring protection in unforeseen circumstances.
To get the best renters insurance at an affordable price, shop around and compare quotes from various insurance carriers. In addition to insurance premiums, consider factors such as coverage options, deductibles, and customer reviews to make an informed decision.
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Explore other insurance options in Illinois
Related Articles
- Average renters insurance cost in Illinois per month
- Average renters insurance cost in Illinois by company
- Average cost of renters insurance in Illinois by coverage level
- Average cost of renters insurance in Illinois by city
- Average cost of renters insurance in Illinois by ZIP code
- Final thoughts: Average renters insurance in Illinois