Average Renters Insurance Cost in Illinois

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Renters insurance costs in Illinois vary depending on your coverage level, insurance provider, and personal circumstances. On average, renters in Illinois pay $246 per year or $20 per month for a policy that includes $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

The average cost of renters insurance in Illinois is $20 per month. Your premium may vary depending on your location, the value of your belongings, and the coverage limits you select. It’s recommended that you compare multiple insurance quotes to find the best price.

Average renters ins cost per month	Difference compared to national average
$20	$2 less

Average renters insurance cost in Illinois by company

Nationwide offers the most affordable renters insurance in Illinois at an average annual rate of $165, followed by State Farm and Allstate, based on our data.

However, you should get multiple quotes from various renters insurance companies in Illinois because the prices vary greatly among carriers.

Below, we have compared the average annual and monthly renters insurance rates of insurance companies across 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

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

Renters insurance calculator in Illinois

$227/year

Estimated renters insurance rates in Illinois

$19

Monthly renters insurance cost in Illinois

-8%

Compared to national average

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 in Illinois by city

See rates in your city

Average cost of renters insurance in Illinois by ZIP code

Renters insurance costs in Illinois vary by ZIP code. Below, we’ll cover which ZIP codes have the most affordable coverage and which areas have the highest premiums.

Most affordable ZIP codes for renters insurance in Illinois

In Illinois, your ZIP code plays a major role in determining your premiums. Based on our data, 61258 is the most affordable ZIP code for renters insurance, with an average annual cost of $223.

Comparing quotes from multiple insurers in Illinois is a smart way to find the best renters insurance rates for your ZIP code.

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

Your ZIP code, among other factors, affects how much you pay for renters insurance in Illinois. 60699 is the least affordable ZIP code for Illinois renters at an average cost of $320 a year or $27 monthly.

We have analyzed quotes from the major insurance carriers across all the ZIP codes in Illinois. Below are the average annual renters insurance costs 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.

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.