Average renters insurance cost in 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. For a deeper dive into our process, see our complete methodology. 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.

Renters insurance in Illinois costs an average of $294 per year, or $25 per month. That’s for a standard policy with $40,000 in personal property coverage, $300,000 in liability protection, and a $1,000 deductible – a solid starting point for most renters.

Your actual rate depends on how much coverage you choose, which insurance company you go with, and personal factors like your ZIP code, claims history, and in some states, credit score

How much does renters insurance cost in Illinois?

The average monthly cost of renters insurance in Illinois is $25 for a policy with $40,000 in personal property coverage and $300,000 in liability protection. Premiums can shift depending on where you live, how much coverage you need, and the total value of your belongings – which is why getting quotes from several insurers is a smart move.

Generally speaking, raising your deductible lowers your monthly premium, while adding coverage for valuables like jewelry or electronics increases it. Choose a deductible and coverage level that fits both your budget and replacement needs.

Renters insurance in Illinois: Where to start

Renters insurance in Illinois averages $294 per year, or $25 per month for a standard policy
If you’re looking for the lowest price, State Farm tends to offer the most competitive rates in Illinois, averaging around $167 per year
Since pricing varies widely between providers, it pays to compare a few options before making a decision

Which companies offer the cheapest renters insurance in Illinois?

Among insurers operating in Illinois, State Farm has the lowest average annual premium at $167. Allstate and Auto-Owners are also worth a look if keeping premiums low is a priority.

That said, price alone shouldn’t drive your decision. It’s equally important to weigh coverage limits, deductible options, and any discounts available to you. The table below lays out average annual and monthly rates from various insurers in Illinois.

Company	Average annual rate	Average monthly rate
State Farm	$167	$14
Allstate	$197	$16
Auto-Owners	$242	$20
Country Financial	$333	$28
Farmers	$367	$31
American Family	$455	$38
Travelers	$630	$53
USAA*	$212	$18

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

Want a more accurate renters insurance estimate?

Use our calculator to get a personalized renters insurance quote based on your location and coverage needs.

Your final premium may vary depending on the insurer, coverage limits, deductible, claims history, and other rating factors.

Renters insurance calculator in Illinois

$274/year

Estimated renters insurance rates in Illinois

$23

Monthly renters insurance cost in Illinois

Compared to national average

How much does renters insurance cost by coverage level in Illinois?

The average annual renters insurance premium in Illinois is $294, based on $40,000 in personal property coverage, $300,000 in liability, and a $1,000 deductible.

Dropping your personal property coverage from $40,000 to $20,000 could bring your annual cost down to around $220. Just make sure $20,000 would actually be enough to replace what you own before making that change.

The table below shows average annual premiums in Illinois at both the $20,000 and $40,000 personal property coverage levels.

Coverage level	Average annual renters insurance rate	Average monthly renters insurance rate
$20,000 with $500 Deductible and $100,000 Liability	$219	$18
$20,000 with $500 Deductible and $300,000 Liability	$238	$20
$20,000 with $1,000 Deductible and $100,000 Liability	$201	$17
$20,000 with $1,000 Deductible and $300,000 Liability	$220	$18
$40,000 with $500 Deductible and $100,000 Liability	$297	$25
$40,000 with $500 Deductible and $300,000 Liability	$317	$26
$40,000 with $1,000 Deductible and $100,000 Liability	$274	$23
$40,000 with $1,000 Deductible and $300,000 Liability	$294	$25
$60,000 with $500 Deductible and $100,000 Liability	$369	$31
$60,000 with $500 Deductible and $300,000 Liability	$391	$33
$60,000 with $1,000 Deductible and $100,000 Liability	$342	$28
$60,000 with $1,000 Deductible and $300,000 Liability	$364	$30

People also ask: How much renters insurance coverage do I need?

The right amount of coverage depends on the value of your belongings and how much financial risk you’re willing to take on. Most renters do well with $20,000 to $40,000 in personal property coverage and at least $300,000 in liability protection. If you own high-value items like jewelry or electronics, you may want to add endorsements on top of your base policy.

Renters insurance rates in Illinois by city

See rates in your city

How much does renters insurance cost by city in Illinois?

Renters insurance premiums can differ depending on where in Illinois you live. Factors like local crime rates, weather patterns, and the density of the area all play a part in what insurers charge.

Here’s how average renters insurance rates compare across major cities.

Does your ZIP code affect renters insurance rates in Illinois?

When it comes to pricing renters insurance, your ZIP code carries a lot of weight. Insurers look at the risk profile of your specific area – including local theft levels, weather exposure, and claims history – to determine your rate. Two renters with identical policies can pay very different premiums simply because of where they live.

Across Illinois, annual premiums range from around $272 in 60040 to $376 in 60699. The cheapest and most expensive ZIP codes in Illinois are listed below.

Why your ZIP code affects renters insurance costs

Renters insurance premiums are calculated using localized risk data, so rates can vary considerably depending on your neighborhood and ZIP code.

Factors that influence pricing include:

Local rates of theft and vandalism
Exposure to weather events such as wildfires, floods, or hurricanes
Fire incident history and repair costs in your area

A change of just a few ZIP codes can meaningfully affect your monthly rate.

What are the most affordable ZIP codes for renters insurance in Illinois?

Among all ZIP codes in Illinois, 60040 has the lowest average annual renters insurance rate at $272.

Lower theft rates and fewer weather-related claims are the main drivers behind more affordable premiums in these areas.

ZIP code	City	Average annual rate	Average monthly rate
60040	Highwood	$272	$23
60044	Lake Bluff	$272	$23
60048	Libertyville	$272	$23
60060	Mundelein	$272	$23
60064	North Chicago	$272	$23
60061	Vernon Hills	$272	$23
60110	Carpentersville	$273	$23
60015	Deerfield	$273	$23
60123	Elgin	$273	$23
60037	Fort Sheridan	$273	$23

What are the least affordable ZIP codes for renters insurance in Illinois?

60699 carries the highest average renters insurance cost in Illinois at $376 per year, or $31 per month.

Below are average annual renters insurance rates for every ZIP code in Illinois.

How to lower your renters insurance, even in a high-cost ZIP code

Compare quotes from a minimum of 3 insurers – pricing for the same coverage can vary by over $100 within a single ZIP code
Bundle renters and auto insurance with the same provider to unlock savings of 5% to 15%
Look into discounts tied to safety features. Smoke detectors, deadbolts, security cameras, and smart home systems can all qualify
Consider raising your deductible to $1,000 if it’s currently $500 – the savings can be around 10% annually
Ask your insurer about claims-free discounts if you’ve gone 3 or more years without filing

ZIP code	City	Average annual rate	Average monthly rate
60699	Chicago	$376	$31
60499	South Suburban	$361	$30
60418	Crestwood	$359	$30
62811	Bellmont	$352	$29
62834	Emma	$352	$29
62852	Keensburg	$352	$29
62861	Maunie	$352	$29
62955	Karbers Ridge	$350	$29
62965	Muddy	$350	$29
62071	National Stock Yards	$349	$29

Is renters insurance worth it in Illinois?

For most renters in Illinois, renters insurance is well worth having. It protects your belongings against fire, theft, vandalism, and certain natural disasters, while also providing liability coverage if someone is injured in your home.

According to the US Department of Commerce, the US Census Bureau and American Community Survey â€“ over 48% of renter households in the US spend more than 30% of their income on rent and utilities, which means even smaller ongoing expenses like insurance are worth managing carefully.

Finding the right policy comes down to shopping around. Price matters, but it’s also important to review coverage options, deductibles, and customer satisfaction. Paying slightly more for better coverage can make a real difference when you need to file a claim.

Frequently asked questions

What does renters insurance actually cover?

Renters insurance generally covers three things: your personal belongings, liability protection, and additional living expenses if your home becomes uninhabitable after a covered event. It can help with losses from fire, theft, and vandalism, as well as legal or medical costs if a visitor is injured on your property. Coverage specifics differ by policy, so reviewing your limits and exclusions carefully is important.

Do I really need renters insurance in Illinois?

There’s no universal legal requirement for renters insurance, but the protection it offers is hard to replicate on your own. A single incident – whether it’s a break-in, a fire, or accidental damage – can result in thousands of dollars in losses. Renters insurance covers those costs so you’re not paying out of pocket. It’s also increasingly common for landlords in Illinois to require it as part of the lease agreement.

Sources:

Insurance Information Institute. Facts + statistics: Renters insurance. Accessed May 2026.

How much is renters insurance in other states

Show more states

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.