Niles Insurance Rates:

Niles, IL home insurance is nearly $711 to $966, about $59-$80/month. Our all inclusive analysis shows customers can save as much as $335 by comparing multiple quotes

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Read Niles, Illinois Homeowners Insurance Reviews & compare quotes to find the best & cheapest home insurance provider.

Niles Home Owner Insurance Quotes | Write a Review | Rates & Quotes Analysis
State Farm
Home Insurance Rate of $120/1 month for $400000-$500000 Coverage
Policy Holder Home Details :

Home Value : $435,000

5 Beds, 5 Baths 2910 sqft Primary Residence Constructed In 1977 with Carpet Flooring, Metal Roof, Chainwall Foundation, Fiber-Cement Siding, Stucco Construction. Home Features Include Fire Extinguisher, Deadbolt Locks, FuseBox Electricals and Security by Monitoring Company

About Policy Holder:

33 Years old Single Female who is a Freelancer with household income of less than $25,000 and has 1 Pet and is a Non-Smoker

Additional Details :
  • 75-100% Mortgage Paid off

  • 750-799 Credit Score

  • Seniors staying at home

Home Insurance Rate of $1000/5 months for $400000-$500000 Coverage
Policy Holder Home Details :

Home Value : $450,000

4 Beds, 4 Baths 2850 sqft Vacation Property Constructed In 1973 with Carpet over wood flooring, Slate Shingles Roof, Slab Foundation, Stone Siding, Metal Frame Construction. Home Features Include Indoor Sprinklers, FuseBox Electricals and Security by Monitoring Company

About Policy Holder:

42 Years old Divorced Female who has a Full Time Job with household income of $50-$75,000 and has More than 3 Pets at home and is a Smoker

Additional Details :
  • 50-75% Mortgage Paid off

  • 550-599 Credit Score

  • Seniors staying at home

  • Guests at home

Home Insurance Rate of $3840/9 months for $900000-$1000000 Coverage
Policy Holder Home Details :

Home Value : $945,000

5 Beds, 5 Baths 4820 sqft Rental Property Constructed In 1968 with Stone Flooring, Slate Shingles Roof, Crawl Space Foundation, Fiber-Cement Siding, Wood Frame. Home Features Include Smoke Alarm, FuseBox Electricals and Security by Monitoring Company

About Policy Holder:

69 Years old Divorced Male who is Retired with household income of less than $25,000 and has No Pets and is a Smoker

Additional Details :
  • 75-100% Mortgage Paid off

  • 800-850 Credit Score

Home Insurance Rate of $1060/10 months for $500000-$600000 Coverage
Policy Holder Home Details :

Home Value : $570,000

4 Beds, 4 Baths 2880 sqft Rental Property Constructed In 1979 with Carpet over wood flooring, Composition Roof, Crawl Space Foundation, Wood siding, Metal Frame Construction. Home Features Include Deadbolt Locks, Fireplace, Swimming Pool, Indoor Sprinklers, Circuit Breaker Electricals and Security by Monitoring Company

About Policy Holder:

42 Years old Married Female who is Unemployed with household income of less than $25,000 and has 3 Pets and is a Smoker

Additional Details :
  • 25-50% Mortgage Paid off

  • 550-599 Credit Score

Niles, IL Home Insurance by Zip Code

Zip Code Median Home Value Median Homeowners Insurance
60714 $291,900 $850

Niles Rates & Quotes Analysis:

Niles Area Estimated House Insurance
Frontage Rd E, Farwell Ave, Longmeadow Ave, Little Oak Path, N Rosemary Ave, W Cleveland St, Floral Ave, Harvard Ter, Highland Pl, George Ct$903
Avalon Dr, N Lexington Ln, N Minnehaha Ave, N Capitol Dr, Loyola Ave, McVickers Ave, Louise Ave, Wright Ter, E Prairie Rd, Rollwind Rd$831
Niles Ave, Elmwood St, Harmswood Ter, Manor Ct, N Rosemary Ln, Ferris Ave, Kenneth Ter, Marmora Ave, Bobolink Ter, W Niles Ave$830
Coronet Rd, Russett Ln, Cherry Pkwy, Salem Cir, Little Elm Bend, Four Winds Way, Salem Ln, N Days Ter, N Franks Ave, Clifford Ter$813
N Shermer Rd, Williamsburg Rd, N Bellefort Pl, Suffield Ter, Fernald Ave, W Lee St, Hamton Ave, Hennings Ct, W Mulford St, Keeney Ct$819

Insurance rates are influenced by a number of factors including:

  • Year Built: 3,835 Homes (9% of total homes ) built between 1940 to 1949 in Niles are paying home insurance between $1,682-$1,694. Places close to Niles, IL such as Lincolnwood, Golf, Evanston are more expensive by $72, $496, $45 respectively while Harwood Heights and Norwood Park are cheaper by $31 and $17 respectively for similar homes.
  • Bedrooms: 18,318 3 bedrooms homes (45% of total homes ) in Niles are paying about $771. Areas near to Niles such as Morton Grove, Lincolnwood, Golf are costlier by $3, $33, $227 respectively whereas Harwood Heights and Norwood Park are more economical by $14, $8 respectively for similar homes.
  • Auto Insurance Bundling: 5,657 Households (18% of all households) in Niles have 3 or more vehicles available and when it is bundled with home insurance you can save $209 compared to Skokie ($208), Morton Grove ($210), Lincolnwood ($218).
  • Senior Discounts: 17,436 seniors (more than 55 years) occupied housing units (58% of total) in Niles get discounts between $125 to $128. The comparative concessions in proximate regions such as Skokie, Morton Grove and Lincolnwood are $125, $126 and $130 respectively.
  • New Homes discounts: New homes such as the 22,059 homes built between 2000 to 2009 in Niles can save $167 and varies from Skokie ($167), Morton Grove ($168), Lincolnwood ($174).

Niles Homeowners insurance Facts

  • Niles, IL has 29,859 owner occupied houses which is 78.8% of all units whereas Skokie, Morton Grove and Lincolnwood have 73.67%, 90.47% and 85.78% respectively.
  • Niles, IL homeowners yearly insurance price at $838 is 0.26% of the typical house value of $322,800 which is in contrast with 0.26% in Skokie, 0.26% at Morton Grove & 0.22% in Lincolnwood.
  • Homeowners in Niles, IL pay 2.58% of their income ($30,000 to $34,999) in insurance whereas homeowners in Skokie, Morton Grove and Lincolnwood pay 2.57%, 2.59% and 2.69% respectively.
  • Niles, IL’s insurance is 3.0% of monthly housing costs of $2,355/month, for owners with a mortgage compared to 2.97% in Skokie, 3.16% at Morton Grove & 2.46% in Lincolnwood. But, for households without a mortgage, insurance is 9.5% of costs ($737 in Niles, IL) in contrast with 9.38% in Skokie, 9.63% at Morton Grove & 7.27% in Lincolnwood.

Niles, IL Home Values & Insurance rates

For example, insurance for 3,490 Homes (16.0% of total homes ) valued between $200,000 to $249,999 in Niles, IL is about $578. Rates in nearby areas in such as Morton Grove, Lincolnwood, Golf are cheaper by $7, $90, $297 respectively while Skokie and Harwood Heights are costlier by $14 and $63 respectively for similar homes.

Niles, IL Home By Value Total Homes % of Total Average Homeowners Insurance
Less than $50,000 536 2.0% $58
$100,000 to $124,999 668 3.0% $284
$125,000 to $149,999 674 3.0% $351
$150,000 to $174,999 1,260 5.0% $419
$175,000 to $199,999 1,028 4.0% $486
$200,000 to $249,999 3,490 16.0% $578
$250,000 to $299,999 4,711 21.0% $712
$300,000 to $399,999 8,636 39.0% $905

Renters Insurance in Niles

  • Median Gross Rent in Niles :  $1,105

  • Renter occupied housing units in Niles :  8,030

Niles Renters Insurance as a Percentage of Rent

Niles Home By Monthly Rent Total Homes % of Total Estimated Monthly Income To Afford Rented House Including Renters Insurance
Less than $200 174 2.0% $298
$200 to $299 125 1.0% $748
$300 to $499 209 2.0% $1198
$500 to $749 523 6.0% $1873
$750 to $999 1,856 24.0% $2623
$1,000 to $1,499 2,990 39.0% $3748
$1,500 or more 1,621 21.0% $5398

Rent Affordability in Niles:

Approximately 51.0% (4,118) of households are spending more than 35% of their income on gross rent in Niles

Occupied units paying gross rent Total Households % of Total
Less than 15.0 percent 723 9.0%
15.0 to 19.9 percent 975 12.0%
20.0 to 24.9 percent 764 9.0%
25.0 to 29.9 percent 801 9.0%
30.0 to 34.9 percent 649 8.0%
35.0 percent or more 4,118 51.0%