Cheap Renters Insurance in Illinois with rates 2022

Why you should trust Insure.com

Quality Verified

At Insure.com, we are committed to providing honest and reliable information so that you can make the best financial decisions for you and your family. All of our content is written and reviewed by industry professionals and insurance experts. We maintain strict editorial independence from insurance companies to maintain editorial integrity, so our recommendations are unbiased and are based on a comprehensive list of criteria.

There’s a lot to take into account when shopping for renters insurance, but we’ve compiled a list of the top providers in Illinois. Our insurance experts have analyzed price quotes from Illinois’s largest renters insurance companies to help make your decision easier. Below is the list of cheapest renters insurance companies in Illinois:

Allstate
USAA
Nationwide
State Farm
Farmers

Cheapest renters insurance companies in Illinois

Allstate offers the cheapest renters insurance in Illinois at an average annual rate of $197 or $16 per month. Based on Insure.com’s rate analysis, we have mentioned cheap renters insurance companies in Illinois along with their average annual rates.

Company	Average annual rate	Average monthly rate
Allstate	$197	$16
USAA	$206	$17
Nationwide	$219	$18
State Farm	$239	$20
Farmers	$267	$22
American Family	$270	$23
Country Mutual	$271	$23
Safeco	$295	$25
Travelers	$312	$26
Liberty	$998	$83

Average cost of renters insurance in Illinois by coverage level

In Illinois, the average cost of renters insurance is $245 per year or $20 per month, that’s $81 less than the national average of $326. These rates are for the coverage level of $20,000 for personal property, $1000 as deductible and $300,000 as liability protection.

Find below average cost of renters insurance in Illinois for coverage levels of- $40,000 and $60,000 with liability protection of $300,000 and $1000 as deductible.

Coverage level	Avg. annual renters insurance rate	Avg. monthly renters insurance rate
$20,000	$245	$20
$40,000	$330	$27
$60,000	$419	$35

Most affordable ZIP codes for renters insurance in Illinois

How much Illinois renters pay for insurance majorly depends on the zip code they live in. Based on our findings, the most affordable zip code for renters insurance in Illinois is 60185. Its average annual rate $285 or $24 per month.

The above mentioned rates are for the coverage limits of $40,000 for personal property, $1000 as deductible, and 100,000 in liability protection. Rates vary based on the zip code, that’s why comparing quotes is one of the easiest ways to get the best deal on renters insurance in Illinois.

ZIP code	Average annual rate	Average monthly rate
60185	$285	$24
60143	$286	$24
60157	$287	$24
60108	$288	$24
60148	$289	$24
60133	$290	$24
60126	$291	$24
60101	$292	$24
60187	$293	$24
61259	$294	$24

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. 60621 is the least affordable zip code for Illinois renters at an average cost of $479 a year or $40 monthly.

We have analyzed quotes from the major insurance carriers across all the zip codes in Illinois. Below we’ll provide the average annual renters insurance costs by ZIP code, also find out how much renters insurance costs per month.

ZIP code	Average annual rate	Average monthly rate
60621	$479	$40
60628	$477	$40
60624	$472	$39
60649	$467	$39
60644	$466	$39
60620	$465	$39
60619	$460	$38
60612	$457	$38
60622	$456	$38
60637	$454	$38

Renters and auto bundle discounts in Illinois

If you’re looking for ways to trim costs on your insurance premiums, consider purchasing both renters and auto policies from the same company. Bundling policies can help you save an average of $83 per year in Illinois. State Farm offers the cheapest rate on renters and auto insurance bundle, you can save an average of $50 annually or 5%.

Company	Average annual rate	Average base annual rate (without bundling)	$ bundle average savings	% bundle average savings
State Farm	$992	$1,042	$50	5%
Country Pref	$1,251	$1,262	$12	1%
Geico	$1,256	$1,289	$33	3%
Nationwide	$1,285	$1,338	$53	4%
Erie	$1,313	$1,486	$173	12%
American Family	$1,336	$1,420	$84	6%
Owners	$1,345	$1,416	$71	5%
Standard Fire	$1,345	$1,358	$14	1%
Progressive	$1,375	$1,435	$60	4%
Farmers	$1,636	$1,758	$122	7%
Allstate	$2,991	$3,146	$155	5%
Auto Club Ins Assoc	$3,151	$3,325	$174	5%