Average renters insurance cost in Joliet, Illinois

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Renters insurance in Joliet, Illinois averages $280 annually – $14 less than the state average of $294 per year.

A standard renters insurance policy covers your personal belongings against fire, smoke, theft, and vandalism. It also provides liability protection if you’re held responsible for injuring someone or damaging their property.

Factors like your ZIP code, deductible, coverage limits, insurer, and eligible discounts all play a role in determining your final rate.

How to get the best deal for renters insurance in Joliet

Get quotes from a minimum of three insurers – rates differ considerably between providers, and switching can mean hundreds in annual savings.
Bundle your renters policy with auto or another insurance policy under the same provider to unlock a discount.
Increase your deductible from $500 to $1,000 – this move alone can save you $16 per year.
Look into discounts tied to safety features such as deadbolts, smoke detectors, or a home security system.
Pay your full annual premium in one payment instead of monthly – most insurers offer a discount for this.

What is the average cost of renters insurance per month in Joliet?

Renters insurance costs in Joliet depend on both your insurer and the coverage level you choose. The average monthly rate for a policy with $20,000 in personal property coverage and a $1,000 deductible is $18.

Stepping up to $40,000 in personal property coverage adds roughly $5 more per month, bringing the typical premium to $23 – which includes $40,000 in personal property coverage, $100,000 in liability protection, and a $1,000 deductible. That’s $2 less than the state average of $25.

Key takeaways

A renters policy covers your personal belongings and provides liability protection inside your rental
Renters insurance in Joliet averages $280 per year
Among local insurers, State Farm offers the lowest rates in the city
What you pay hinges on your coverage limits, ZIP code, insurer, and any discounts you’re eligible for
If your home is filled with electronics, jewelry, or quality furniture, higher coverage limits are worth the extra cost

How much is renters insurance in Joliet? Rates by deductible

For a policy with $20,000 in personal property coverage and a $500 deductible, renters in Joliet pay an average of $226 per year.

Your deductible is the share of a claim you cover before your insurer pays the rest. It’s also one of the most direct levers for controlling your premium – raising it from $500 to $1,000 can knock $16 off your annual cost.

The table below shows how premiums change across different personal property coverage amounts and deductible levels.

Deductible	Rates with $20,000 personal property	$40,000 personal property	$60,000 personal property
500	$226	$302	$372
1000	$210	$280	$346

Who offers affordable renters insurance in Joliet?

For the lowest rates in Joliet, State Farm leads the way at $140 annually or $12 per month. Allstate is the next most affordable option, followed by Auto-Owners.

Below is a comparison of the most affordable renters insurance providers in Joliet, including average annual and monthly rates.

Renter insurance provider	Average annual rate	Average per month rate
State Farm	$140	$12
Allstate	$197	$16
Auto-Owners	$229	$19
Country Financial	$290	$24
Farmers	$372	$31
American Family	$455	$38
Travelers	$573	$48
USAA*	$207	$17

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

How to lower the cost of renters insurance

You can lower the cost of renters insurance by shopping around, bundling policies, and going for a higher deductible.

Bundle policies. Grouping your renters policy with your auto or other insurance at the same company can lower what you pay across the board.
Increase your deductible. Choosing a higher deductible brings your premium down immediately – just be certain the amount is something you could manage out of pocket following a claim.
Choose the right coverage amount. Revisit your coverage limits annually. If your personal belongings haven’t grown in value, you may be spending more on personal property coverage than necessary.
Avoid filing small claims. Repeated small claims can cause your rates to climb faster than one large claim would. For minor incidents, absorbing the cost yourself often makes more financial sense.
Improve your credit score. Credit scores influence insurance pricing in most states – a higher score is one of the clearest ways to bring your premium down over time.
Compare quotes every renewal. Rates evolve year to year, and loyalty doesn’t always pay. Setting aside 30 minutes to shop around at renewal can save you a meaningful amount annually.

Renters insurance replaces belongings that are stolen or damaged, and covers your financial exposure when you’re liable for someone else’s loss. Comparing providers and claiming every discount you qualify for are the most reliable ways to keep your premium in check.

Frequently asked questions

Is renters insurance required in Joliet?

No state law requires it, but individual landlords often do. Beyond lease requirements, it’s a practical safeguard – it protects your belongings and covers you if someone is injured in your home.

What does renters insurance cover?

Renters insurance covers personal belongings damaged or stolen in a covered event, liability costs if you’re found responsible for injury or property damage, and temporary accommodation expenses if your rental becomes uninhabitable.

How much renters insurance do I need?

Start with enough to fully replace your possessions. If you own high-value items – electronics, jewelry, or specialty equipment – consider bumping up your limits or adding scheduled coverage for individual items.

Who has the cheapest renters insurance in Joliet?

State Farm has the lowest average rates in Joliet, coming in at $12 per month.

Methodology

Insure.com worked with Quadrant Information Services to compile renters insurance rate data for Joliet, using a policy with $40,000 in personal property coverage, $300,000 in liability coverage, and a $1,000 deductible. All rates are based on a good credit tier profile.

How much is renters insurance in other cities?

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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.