Palatine Insurance Rates:

Palatine, IL home insurance is approximately $703 to $956, about $58-$79/month. Our comprehensive analysis indicates shoppers can save as much as $332 by comparing many quotes

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Palatine Home Owner Insurance Quotes | Write a Review | Rates & Quotes Analysis
Liberty Mutual
Home Insurance Rate of $410/7 months for $200000-$250000 Coverage
Policy Holder Home Details :

Home Value : $200,000

3 Beds, 3 Bath 1580 sqft Primary Residence Constructed In 1960 with Linoleum, Metal Roof, Crawl Space Foundation, Wood siding, Brick Frame. Home Features Include Swimming Pool, Copper Water Pipes, Fireplace, Circuit Breaker Electricals and Security by HomeOnly

About Policy Holder:

67 Years old Divorced Female who has a Part Time Job with household income of $25-50,000 and has 2 Pets and is a Smoker

Additional Details :
  • 25-50% Mortgage Paid off

  • 600-649 Credit Score

Home Insurance Rate of $1590/7 months for $700000-$800000 Coverage
Policy Holder Home Details :

Home Value : $785,000

5 Beds, 5 Baths 4570 sqft Rental Property Constructed In 1978 with Stone Flooring, Metal Roof, Crawl Space Foundation, Wood siding, Wood Frame. Home Features Include Central Air Conditioning, Smoke Alarm, FuseBox Electricals and Security by HomeOnly

About Policy Holder:

60 Years old Divorced Male who has a Part Time Job with household income of $25-50,000 and has More than 3 Pets at home and is a Non-Smoker

Additional Details :
  • 50-75% Mortgage Paid off

  • 500-549 Credit Score

Home Insurance Rate of $290/5 months for $200000-$250000 Coverage
Policy Holder Home Details :

Home Value : $220,000

2 Beds, 2 Bath 1450 sqft Rental Property Constructed In 1997 with Ceramic Tile Flooring, Tile Roof, Slab Foundation, Stone Siding, Metal Frame Construction. Home Features Include Smoke Alarm, Central Air Conditioning, Indoor Sprinklers, Deadbolt Locks, Circuit Breaker Electricals and Security by Monitoring Company

About Policy Holder:

53 Years old Married Female who has a Part Time Job with household income of $25-50,000 and has 2 Pets and is a Non-Smoker

Additional Details :
  • 25-50% Mortgage Paid off

  • 600-649 Credit Score

  • Seniors staying at home

  • Guests at home

Home Insurance Rate of $1540/12 months for $350000-$400000 Coverage
Policy Holder Home Details :

Home Value : $390,000

5 Beds, 5 Baths 2440 sqft Vacation Property Constructed In 1982 with Ceramic Tile Flooring, Wood Shake Roof, Chainwall Foundation, Stone Siding, Stucco Construction. Home Features Include Fireplace, Swimming Pool, Central Air Conditioning, Circuit Breaker Electricals and Security by HomeOnly

About Policy Holder:

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

Additional Details :
  • 25-50% Mortgage Paid off

  • 700-749 Credit Score

  • Seniors staying at home

  • Guests at home

Home Insurance Rate of $500/8 months for $250000-$300000 Coverage
Policy Holder Home Details :

Home Value : $290,000

3 Beds, 3 Bath 2180 sqft Seasonal Residence Constructed In 1976 with Carpet Flooring, Asphalt Shingles Roof, Chainwall Foundation, Vinyl siding, Wood Frame. Home Features Include Deadbolt Locks, Fire Extinguisher, Central Air Conditioning, Indoor Sprinklers, FuseBox Electricals and Security by Monitoring Company

About Policy Holder:

56 Years old Divorced Female who has a Full Time Job with household income of $75-$100,000 and has No Pets and is a Smoker

Additional Details :
  • 25-50% Mortgage Paid off

  • 500-549 Credit Score

Home Insurance Rate of $1670/12 months for $400000-$500000 Coverage
Policy Holder Home Details :

Home Value : $425,000

4 Beds, 4 Bath 2480 sqft Rental Property Constructed In 1966 with Wood Flooring, Tile Roof, Piers Foundation, Brick siding, Wood Frame. Home Features Include Deadbolt Locks, FuseBox Electricals and Security by Monitoring Company

About Policy Holder:

25 Years old Single Female who is a Freelancer with household income of $100-$150,000 and has 2 Pets and is a Non-Smoker

Additional Details :
  • 75-100% Mortgage Paid off

  • 700-749 Credit Score

  • Seniors staying at home

Home Insurance Rate of $2130/8 months for $500,000-$600,000 Coverage
Policy Holder Home Details :

Home Value : $490,000

3 Beds, 3 Baths 2893 sqft Primary Residence Constructed In 1985 with Wood Flooring, Tile Roof, Crawl Space Foundation, Fiber-Cement Siding, Wood Frame. Home Features Include Indoor Sprinklers, Deadbolt Locks, Copper Water Pipes, Circuit Breaker Electricals and Security by Monitoring Company

About Policy Holder:

38 Years old Single Female who has a Part Time Job with household income of less than $25,000 and has 2 Pets and is a Non-Smoker

Additional Details :
  • 0-25% through paying our mortgage

  • 800-850 Credit Score

  • Guests at home

Palatine, IL Home Insurance by Zip Code

Zip Code Median Home Value Median Homeowners Insurance
60067 $377,900 $880
60074 $239,500 $810

Palatine Rates & Quotes Analysis:

Palatine Area Estimated House Insurance
Rywick Ct, W Camphill Cir, Country Club Ct, E Lake Dr, E Wyndham Cir, Suffolk Ct, Austin Ln, S Jamestown Dr, Wren Ave, Galena Ct$915
Bridgton on Asbury, S Elmwood Ln, Chatham Dr, Stone Harbor Ct, Apple Tree Ct, Chelsea on Auburn, N Kitson Dr, N Sunset Rd, North St, Brush Rd$901
N Stark Dr, Williams Ct, Perry Dr, Pirates Cove, E Sanborn Dr, Grove Rd, W Cheryl Ln, N Poplar St, S Stuart Ln, W Willow Rd$822
Cedar Glen Dr, N Westminster Dr, Brookside Ln, Durham Dr, N Barrington Woods Rd, W Raleigh Ct, W Blackburn Dr, Knoxboro Ln, Skye Ln, Wyndham Ct$942
Mart Ct, Castaway Ln, E Castle Ct, Alton, Owl Ln, Pride Ct, Jessica Ct, N Baldwin Ct, W Glencoe Rd, Heritage Cir$838
W Reading Ct, Aberdeen Rd, Haven Wood Ct, Rhiannon Ct, Green Ln N, N Broadmoor Ct, S Valley Ln, Fairway Ct, W Wilson St, Carberry Cir$846
E Kitson Dr, Saint George Ln, Hammond Dr, E Carriage Ln, W Echo Ln, W Dupont Ave, W Peregrine Dr, Ardmore Ave, Freeman Rd, Greenwich Ct$852
Kittery on Auburn, S Rohlwing Rd, Marie Dr, Silver Pine Dr, Winston Pl, Wren Ln, W Carolyn Dr, Driftwood Ave, W King Arthur Ct, W Kelly Ann Dr$916
E Morris Dr, E Juniper Dr, Chewink Ct, N Dewey Rd, Rochester Dr, W Mallard Dr, W Glencoe Rd, N Milton Rd, Redbud Rd, S Bristol Ct$945
Gull Ct, S Poteet Ave, W Slade St, S Valley Rd, E Shady Dr, S Echo Ln, Prestwick Dr, Wainright Ct, Wilshire Ct, Bedlington Dr$848

Insurance rates are influenced by a number of factors including:

  • Year Built: 6,584 Homes (14% of total) built between 1960 to 1969 in Palatine are paying home insurance between $1,452-$1,465 and varies from Inverness (+$295), Deer Park (+$230), Arlington Heights (+$33), Rolling Meadows (-$41) and Hoffman Estates (-$29).
  • Bedrooms: 15,200 2 bedrooms homes (33% of total homes ) in Palatine are paying about $606. Areas near to Palatine such as Inverness, Deer Park, Arlington Heights are costlier by $113, $86, $5 respectively whereas Rolling Meadows and Hoffman Estates are more economical by $25, $20 respectively for similar homes.
  • Auto Insurance Bundling: 6,711 Households (21% of all households) in Palatine have 3 or more vehicles available and when it is bundled with home insurance you can save $207. Discounts for similar bundling in close by locations such as Inverness, Rolling Meadows, Deer Park come to $249, $201, $240 respectively.
  • Senior Discounts: 13,555 seniors (more than 55 years) occupied housing units (44% of total) in Palatine get discounts between $123 to $126 and differs from Inverness ($149), Rolling Meadows ($120), Deer Park ($144).
  • New Homes discounts: New homes such as the 12,492 homes built between 2000 to 2009 in Palatine can save $166 and differs from Inverness ($199), Rolling Meadows ($161), Deer Park ($192).

Palatine Homeowners insurance Facts

  • Palatine, IL has 30,525 owner occupied houses which is 71.8% of all units whereas Inverness, Rolling Meadows and Deer Park have 97.63%, 72.68% and 97.81% respectively.
  • Palatine, IL homeowners yearly insurance price at $830 is 0.27% of the typical house value of $304,300 which is in contrast with 0.15% in Inverness, 0.32% at Rolling Meadows & 0.17% in Deer Park.
  • Homeowners in Palatine, IL pay 1.44% of their income ($45,000 to $49,999) in insurance whereas homeowners in Inverness, Rolling Meadows and Arlington Heights pay 1.74%, 1.4% and 1.47% respectively.
  • Palatine, IL’s insurance is 3.3% of monthly housing costs of $2,125/month, for owners with a mortgage compared to 2.21% in Inverness, 3.62% at Rolling Meadows & 2.49% in Deer Park. But, for households without a mortgage, insurance is 8.9% of costs ($780 in Palatine, IL) in contrast with 8.31% in Inverness, 10.15% at Rolling Meadows & 8.0% in Deer Park.

Palatine, IL Home Values & Insurance rates

For example, insurance for 3,717 Homes (17.0% of total homes ) valued between $200,000 to $249,999 in Palatine, IL is about $614. Rates in nearby areas in such as Inverness, Deer Park, Arlington Heights are cheaper by $275, $249, $63 respectively while Rolling Meadows and Hoffman Estates are costlier by $95 and $60 respectively for similar homes.

Palatine, IL Home By Value Total Homes % of Total Average Homeowners Insurance
Less than $50,000 691 3.0% $66
$80,000 to $89,999 316 1.0% $224
$100,000 to $124,999 1,046 4.0% $298
$125,000 to $149,999 1,074 4.0% $373
$150,000 to $174,999 1,682 7.0% $439
$175,000 to $199,999 1,596 7.0% $506
$200,000 to $249,999 3,717 17.0% $614
$250,000 to $299,999 4,258 19.0% $747
$300,000 to $399,999 6,628 30.0% $954

Renters Insurance in Palatine

  • Average Renters Insurance in Palatine :  $13($1/month)

  • Median Gross Rent in Palatine :  $1,111

  • Palatine Renters Insurance to Median Rent Ratio:  0.09%

  • Renter occupied housing units in Palatine :  11,963

Palatine Renters Insurance as a Percentage of Rent

Palatine Home By Monthly Rent Total Homes % of Total Estimated Monthly Income To Afford Rented House Including Renters Insurance
$200 to $299 124 1.0% $753
$500 to $749 393 3.0% $1878
$750 to $999 3,499 29.0% $2628
$1,000 to $1,499 5,842 49.0% $3753
$1,500 or more 1,722 14.0% $5403

Rent Affordability in Palatine:

Approximately 41.0% (4,952) of households are spending more than 35% of their income on gross rent in Palatine

Occupied units paying gross rent Total Households % of Total
Less than 15.0 percent 1,254 10.0%
15.0 to 19.9 percent 1,875 15.0%
20.0 to 24.9 percent 1,717 14.0%
25.0 to 29.9 percent 1,391 11.0%
30.0 to 34.9 percent 774 6.0%
35.0 percent or more 4,952 41.0%

Palatine Renters Insurance Discounts:

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

Number of Vehicles in Palatine, IL Number of Housing Units % of Total Renters Insurance Insurance Savings by Bundling Auto Insurance
1 vehicle available 5,886 49.0% $1.3
2 vehicles available 4,339 36.0% $1.95
3 or more vehicles available 851 7.0% $2.6

Protective device discount in Palatine Up to :  $1

Claims-free discount in Palatine Up to :  $2