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The Best Homeowners Insurance in Illinois [2023]

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Find a top-ranked Homeowners Insurance Agency in your area

When you hear people talking about Illinois — you might immediately think harsh winters or deep dish pizza — but there’s much more to the Prairie State. Did you know it ranks #6 in terms of most populated states in the U.S.? That’s because there’s living options that adhere to a range of wants and needs — from the beautiful, rural countryside in the north to bustling metropolitan cities like Chicago in the south.

If you own or are thinking of buying a home in Illinois, it’s important to compare homeowners insurance rates and find the best home insurance that works best for you. 

We at Expertise.com have analyzed a handful of home insurance companies. We’ll uncover everything to know about homeowners insurance in Illinois, and help you find the most comprehensive, cheapest coverage to suit your needs.

Average Cost of Homeowners Insurance in Illinois

The average cost of homeowners insurance in Illinois is $2,526 per year according to Insurance.com. Though this is slightly under the nationwide average, it’s still on the high side — due in large part to expensive cities like Chicago bringing that average up (Chicago homeowners insurance can cost as much as $3,460 per year).

The cost of homeowners insurance in Illinois can differ vastly based on a few key factors:

  • The age of your home: Is your Illinois home an older home that is at risk of more structural wear and tear?

  • The square footage of your home: How big is your home? In general, larger homes will cost more to insure.

  • The materials used to build your home: Was your Illinois home built using materials prone to things like rotting or structural damage?

  • Building costs in your area: Because insurance deals with repairs and replacement, coverage increases with increased building costs.

  • The location in which you live: What are crime rates like? How close are you to a fire department? How close are you to the lakes, rivers, and streams that encompass this state?

  • Any additional features: Does your house have a swimming pool or hot tub that could pose a potential risk to guests? Do you have pets, and if so, what are their breeds? Surprisingly, insurers will look at these things when assessing prices.

  • Your deductible: A higher deductible will decrease your premium, but could cost you more if you file a claim. Talk to your insurance provider about diminishing deductibles to get the best plan that suits your payment needs.

Illinois Homeowners Insurance Rates by City

As mentioned, Illinois home insurance rates differ vastly based on area code and where you live in the state. 

Below shows the highest rate and lowest insurance rates by city in Illinois:

City

Average Annual Rate

Chicago

Hinsdale



The Best Homeowners Insurance in Illinois

After extensive research, we at Expertise.com found the following insurance agencies to provide the best, comprehensive coverage in Illinois:

Allstate logo

Allstate


Average Annual Rate: ~$1,200

Notes: One of the more affordable options, offers unique coverage options

State Farm logo

State Farm


Average Annual Rate: ~ $1,000

Notes: The cheapest of coverage options, dependable customer service

Farmers logo

Farmers


Average Annual Rate: ~ $1,050

Notes: Another affordable option, easy-to-understand coverage options and packages

American Family Insurance

American Family


Average Annual Rate: ~$1,400

Notes: Great for military-focused coverage

USAA logo

USAA


Average Annual Rate: ~ $1,300

Notes: Great for military-focused coverage

Chubb logo

Chubb


Average Annual Rate: ~ $1,350

Notes: Only covers high-value homes, have to go through an agent 

Country Financial

Country Financial


Average Annual Rate: ~ $1,750

Notes: Top-rated customer satisfaction

Erie Insurance logo

Erie


Average Annual Rate: ~ $1,700

Notes: Great multi-policy discount options

Cheapest Homeowners Insurance in Illinois

The cheapest homeowners insurance coverage in Illinois is State Farm.

It’s important to remember that prices vary depending on each person’s unique scenario, but if cost is the most important variable for you, check State Farm’s coverage options in Illinois first.




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Find Cheap Homeowners Insurance in Your Area

FAQs

Below, we tackle some common questions to help you make a more informed decision about which homeowners insurance to choose in Illinois specifically. 

How to Reduce Homeowners Insurance Costs in Illinois

As we’ve pointed out, the price you pay for homeowners insurance can vary substantially across insurers. 

Here are a few ways to reduce costs:

  • Increase your deductible. This will help reduce monthly costs to your insurer, but it may mean paying more out of pocket should you need to make a claim. Similarly, paying your 6-month or 1-year premium in full will drive down monthly costs.

  • Bundle policies. Bundling your home and auto insurance can help you save 5–15% on your premiums. Talk to your insurance provider about home and car insurance bundling options and how that helps you save.

  • Take the necessary steps to make your home disaster-resistant. Some examples include:

    • Install a smoke detector and/or fire alarm.

    • Get a burglar alarm and/or dead-bolt locks.

    • Install a sprinkler system.

  • Nix the high-risk accessories. Similar to the above point, rid your home of things that are considered “high risk.” For example, did the kids go off to college? Time to throw out that trampoline that’s sitting in the backyard.

  • Seek out other discounts. Some things to look into:

    • Do you work from home? Insurance providers may feel you’re less prone to theft or may spot a fire or flood sooner.

    • Are you retired? You may qualify for a discount. 

    • Does your employer offer a group deal?

    • Even something as simple as choosing paperless billing can help you save!

  • Keep good credit. Some agencies will look at your credit history and charge less for those with good financial strength and standings.

As always, consult your insurance agent to see which of the above discounts you qualify for.

Illinois Insurance Options In Your City

At Expertise.com, our goal is to connect Illinois residents with the best local experts and agencies, so you can find the home insurance policy that safely insures your home and most prized possessions. 

View our list of the 14 best homeowners insurance agencies here

Learn more about the best homeowners insurance options in your respective Illinois cities below:

Our methodology evaluates each provider based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.