Chicago Insurance Rates:

Chicago, IL home insurance is roughly $682 to $923, about $56-$76/month. Our thorough guide reveals consumers can save upto $321 by getting many quotes

Compare Quotes from Top Providers and Save now!

Insiders & Chicago, Illinois Homeowners share details on the best insurance carriers. Compare & choose the best.

Chicago Home Owner Insurance Quotes | Write a Review | Rates & Quotes Analysis
Allstate
Home Insurance Rate of $110/1 month for $200000-$250000 Coverage
Policy Holder Home Details :

Home Value : $220,000

2 Beds, 2 Bath 1800 sqft Seasonal Residence Constructed In 1974 with Carpet Flooring, Asphalt Shingles Roof, Slab Foundation, Fiber-Cement Siding, Brick Frame. Home Features Include Fire Extinguisher, Swimming Pool, Deadbolt Locks, FuseBox Electricals and Security by HomeOnly

About Policy Holder:

67 Years old Married Female who is Retired and has 1 Pet and is a Non-Smoker

Additional Details :
  • 25-50% Mortgage Paid off

  • 500-549 Credit Score

Home Insurance Rate of $360/5 months for $300000-$350000 Coverage
Policy Holder Home Details :

Home Value : $345,000

3 Beds, 3 Baths 2380 sqft Vacation Property Constructed In 1962 with Hardwood Flooring, Metal Roof, Crawl Space Foundation, Stone Siding, Stucco Construction. Home Features Include Copper Water Pipes, Circuit Breaker Electricals and Security by Monitoring Company

About Policy Holder:

74 Years old Single Female who has a Part Time Job with household income of $25-50,000 and has No Pets and is a Non-Smoker

Additional Details :
  • 75-100% Mortgage Paid off

  • 750-799 Credit Score

Home Insurance Rate of $110/3 months for $175000-$200000 Coverage
Policy Holder Home Details :

Home Value : $235,000

4 Beds, 4 Baths 2060 sqft Seasonal Residence Constructed In 1967 with Stone Flooring, Slate Shingles Roof, Chainwall Foundation, Stone Siding, Wood Frame. Home Features Include Central Air Conditioning, Circuit Breaker Electricals and Security by Monitoring Company

About Policy Holder:

41 Years old Divorced Female who is a Freelancer with household income of $100-$150,000 and has 3 Pets and is a Non-Smoker

Additional Details :
  • 50-75% Mortgage Paid off

  • 500-549 Credit Score

  • Seniors staying at home

Home Insurance Rate of $580/7 months for $250000-$300000 Coverage
Policy Holder Home Details :

Home Value : $315,000

3 Beds, 3 Baths 2070 sqft Rental Property Constructed In 1948 with Wood Flooring, Shingles Roof, Crawl Space Foundation, Stone Siding, Metal Frame Construction. Home Features Include Smoke Alarm, Swimming Pool, Copper Water Pipes, Indoor Sprinklers, Circuit Breaker Electricals and Security by HomeOnly

About Policy Holder:

40 Years old Married Male who has a Full Time Job with household income of less than $25,000 and has 2 Pets and is a Non-Smoker

Additional Details :
  • 50-75% Mortgage Paid off

  • 750-799 Credit Score

  • Seniors staying at home

  • Guests at home

Home Insurance Rate of $1010/7 months for $250,000-$300,000 Coverage
Policy Holder Home Details :

Home Value : $230,000

3 Beds, 3 Baths 1241 sqft Primary Residence Constructed In 1938 with Carpet over wood flooring, Asphalt Shingles Roof, Slab Foundation, Brick siding, Brick Frame. Home Features Include Deadbolt Locks, Fireplace, Circuit Breaker Electricals and Security by Monitoring Company

About Policy Holder:

54 Years old Single Female who has a Full Time Job with household income of $50-$75,000 and has 1 Pet and is a Smoker

Additional Details :
  • 75-100% Mortgage Paid off

  • 650-699 Credit Score

  • Seniors staying at home

Home Insurance Rate of $330/3 months for $670,000 Coverage
Single family home near logan square. Property built in 2003 with 3 bedrooms & 2 bathrooms & worth about $700,000. Aluminum Siding, Brick, Frame constructed with forced heating. Have the home for the past 5 years.
Married couple with 2 kids. 1 dog. Non-smoker. Wife works from home.
Home Insurance Rate of $126/2 months for $250,000 Coverage
We don't live near a natural disaster prone area & we were looking for basic home insurance to cover the most common needs
We are fairly well of with both of us working full time & our combined income should be $120,000+

Click here for Zip Code data

Chicago Rates & Quotes Analysis:

Chicago Area Estimated House Insurance
W 1st St, N Park Blvd, N Park Ave, Alma Ave, W Hickory Rd, N Wheaton Ave, Eastview Ave, Lorraine St, Linden St, Taft Ave$952
E Kenilworth Ave, Iowa Ave, Wingate Rd, Reber St, E Willow Ave, Avery Ave, Ridgewood Ave, Clinton Ave, W Indiana St, E 2nd St$838
E Vermont St, N Park Ave, Evergreen St, Glade Ave, Stoneham St, Revere Rd, N Blanchard St, E Evergreen St, W Wood Ave, Poppy Ln$836
N West St, S Park Rd, S Sunnyside Ave, W Le Moyne Ave, Lombard Ave, Fairlane Ave, Woodland Dr, Crescent Blvd, Lakeview Ter, Sheila Pl$810
S Edson Ave, E Seminary Ave, Utley Rd, Marion Ct, S Boyd Ave, W Eugenia St, E Wood Ave, N Park Blvd, S Columbine Ave, S Charlotte St$797

Insurance rates are influenced by a number of factors including:

  • Year Built: 543,385 Homes (45% of total homes ) built between 1939 or earlier in Chicago are paying home insurance between $1,718-$1,730. Places close to Chicago, IL such as Oak Park, Riverside, River Forest are more expensive by $120, $63, $344 respectively while Cicero and Forest View are cheaper by $80 and $48 respectively for similar homes.
  • Bedrooms: 240,294 1 bedroom homes (21% of total homes ) in Chicago are paying about $555. Areas near to Chicago such as Oak Park, Riverside, River Forest are costlier by $39, $28, $110 respectively whereas Cicero and Forest View are more economical by $18, $16 respectively for similar homes.
  • Auto Insurance Bundling: 159,207 Households (33% of all households) in Chicago have 2 vehicles available and when it is bundled with home insurance you can save $160. Discounts for similar bundling in close by locations such as Cicero, Cook County, Forest View come to $153, $160, $156 respectively.
  • Senior Discounts: 210,462 seniors (more than 55 years) occupied housing units (44% of total) in Chicago get discounts between $120 to $122. The comparative concessions in proximate regions such as Cicero, Cook County and Forest View are $114, $120 and $117 respectively.
  • New Homes discounts: New homes such as the 299,272 homes built between 2000 to 2009 in Chicago can save $160 and similar new home insurance discounts in nearby towns and cities like Cicero, Cook County and Forest View are $153, $160 and $156 respectively.

Chicago Homeowners insurance Facts

  • Chicago, IL has 474,602 owner occupied houses which is 46.1% of all units whereas Cicero, Cook County and Forest View have 52.5%, 58.96% and 91.27% respectively.
  • Chicago, IL homeowners yearly insurance price at $803 is 0.32% of the typical house value of $247,800 which is in contrast with 0.45% in Cicero, 0.33% at Cook County & 0.38% in Forest View.
  • Homeowners in Chicago, IL pay 1.89% of their income ($40,000 to $44,999) in insurance whereas homeowners in Cicero, Cook County and Berwyn pay 1.8%, 1.88% and 1.85% respectively.
  • Chicago, IL’s insurance is 3.4% of monthly housing costs of $1,965/month, for owners with a mortgage compared to 3.51% in Cicero, 3.43% at Cook County & 3.5% in Forest View. But, for households without a mortgage, insurance is 11.2% of costs ($597 in Chicago, IL) in contrast with 10.23% in Cicero, 10.25% at Cook County & 12.4% in Forest View.

Chicago, IL Home Values & Insurance rates

For example, insurance for 13,391 Homes (3.0% of total homes ) valued between Less than $50,000 in Chicago, IL is about $80. Rates in nearby areas in such as Oak Park, Riverside, River Forest are cheaper by $29, $14, $42 respectively while Cicero and Forest View are costlier by $27 and $13 respectively for similar homes.

Chicago, IL Home By Value Total Homes % of Total Average Homeowners Insurance
Less than $50,000 13,391 3.0% $80
$60,000 to $69,999 4,654 1.0% $208
$70,000 to $79,999 6,402 1.0% $240
$80,000 to $89,999 8,560 2.0% $273
$90,000 to $99,999 8,192 2.0% $305
$100,000 to $124,999 28,615 7.0% $353
$125,000 to $149,999 24,094 6.0% $441
$150,000 to $174,999 43,046 11.0% $521
$175,000 to $199,999 33,405 8.0% $602
$200,000 to $249,999 66,281 17.0% $730
$250,000 to $299,999 57,170 15.0% $891
$300,000 to $399,999 78,629 20.0% $1132

Renters Insurance in Chicago

  • Average Renters Insurance in Chicago :  $70($5/month)

  • Median Gross Rent in Chicago :  $935

  • Chicago Renters Insurance to Median Rent Ratio:  0.53%

  • Average household size of renter-occupied unit :  2.42

Chicago Renters Insurance as a Percentage of Rent

Chicago Home By Monthly Rent Total Homes % of Total Estimated Monthly Income To Afford Rented House Including Renters Insurance
Less than $200 12,152 2.0% $317
$200 to $299 16,669 3.0% $767
$300 to $499 27,172 5.0% $1217
$500 to $749 97,430 18.0% $1892
$750 to $999 155,753 28.0% $2642
$1,000 to $1,499 153,243 28.0% $3767
$1,500 or more 78,652 14.0% $5417

Rent Affordability in Chicago:

Approximately 48.0% (267,983) of households are spending more than 35% of their income on gross rent in Chicago

Occupied units paying gross rent Total Households % of Total
Less than 15.0 percent 57,100 10.0%
15.0 to 19.9 percent 62,361 11.0%
20.0 to 24.9 percent 63,691 11.0%
25.0 to 29.9 percent 58,174 10.0%
30.0 to 34.9 percent 46,165 8.0%
35.0 percent or more 267,983 48.0%

Chicago Renters Insurance Discounts:

Chicago Renters Insurance Discounts by Number of Vehicles in Renter Occupied Housing Units

Number of Vehicles in Chicago, IL Number of Housing Units % of Total Renters Insurance Insurance Savings by Bundling Auto Insurance
1 vehicle available 249,415 44.0% $7.0
2 vehicles available 68,516 12.0% $10.5
3 or more vehicles available 13,694 2.0% $14.0

Protective device discount in Chicago Up to :  $10

Claims-free discount in Chicago Up to :  $14

Chicago, IL Home Insurance by Zip Code

Zip Code Median Home Value Median Homeowners Insurance
60603 $618,100 $1,000
60614 $512,400 $970
60611 $505,800 $950
60604 $482,600 $940
60601 $465,700 $940
60622 $432,000 $890
60610 $421,700 $910
60657 $408,900 $910
60654 $405,900 $910
60618 $355,200 $870
60647 $354,700 $890
60605 $354,400 $890
60607 $347,000 $870
60661 $342,700 $870
60631 $335,200 $870
60602 $330,400 $860
60606 $327,500 $860
60613 $317,200 $860
60625 $316,000 $860
60616 $297,000 $840
60641 $287,400 $830
60630 $286,700 $850
60640 $277,600 $830
60612 $275,500 $840
60653 $259,700 $820
60608 $247,800 $830
60615 $237,600 $800
60639 $236,700 $820
60660 $231,700 $810
60626 $221,900 $800
60637 $202,200 $800
60632 $198,900 $790
60651 $197,800 $790
60624 $194,900 $800
60644 $192,100 $780
60609 $192,000 $790
60652 $180,500 $780
60649 $180,400 $780
60623 $173,900 $780
60629 $171,800 $780
60619 $162,900 $770
60620 $150,200 $760
60617 $149,800 $760
60628 $134,900 $760
60621 $120,400 $750
60636 $112,100 $740