Peoria Insurance Rates:

Peoria, IL home insurance is roughly $631 to $857, about $52-$71/month. Our in depth analysis reveals consumers can save upto $297 by comparing many quotes

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Peoria Home Owner Insurance Quotes | Write a Review | Rates & Quotes Analysis
Chubb Group of Insurance
Home Insurance Rate of $130/3 months for $125000-$150000 Coverage
Policy Holder Home Details :

Home Value : $140,000

4 Beds, 4 Bath 1790 sqft Primary Residence Constructed In 1963 with Carpet over wood flooring, Slate Shingles Roof, Crawl Space Foundation, Stone Siding, Wood Frame. Home Features Include Indoor Sprinklers, Circuit Breaker Electricals and Security by Monitoring Company

About Policy Holder:

56 Years old Divorced Female who has a Full Time Job with household income of $100-$150,000 and has 2 Pets and is a Non-Smoker

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

  • 650-699 Credit Score

  • Guests at home

Home Insurance Rate of $150/5 months for $75000-$100000 Coverage
Policy Holder Home Details :

Home Value : $85,000

2 Beds, 2 Bath 1240 sqft Vacation Property Constructed In 1973 with Ceramic Tile Flooring, Asphalt Shingles Roof, Piers Foundation, Brick siding, Brick Frame. Home Features Include Fireplace, Central Air Conditioning, FuseBox Electricals and Security by HomeOnly

About Policy Holder:

62 Years old Single Male who is Retired and has 3 Pets and is a Smoker

Additional Details :
  • 75-100% Mortgage Paid off

  • 550-599 Credit Score

  • Seniors staying at home

Home Insurance Rate of $370/5 months for $200000-$250000 Coverage
Policy Holder Home Details :

Home Value : $275,000

5 Beds, 5 Bath 4200 sqft Primary Residence Constructed In 1972 with Carpet over wood flooring, Tile Roof, Piers Foundation, Vinyl siding, Stucco Construction. Home Features Include Copper Water Pipes, Deadbolt Locks, Fireplace, FuseBox Electricals and Security by HomeOnly

About Policy Holder:

25 Years old Divorced Male who has a Part Time Job with household income of less than $25,000 and has 2 Pets and is a Smoker

Additional Details :
  • 25-50% Mortgage Paid off

  • 550-599 Credit Score

  • Seniors staying at home

Home Insurance Rate of $370/5 months for $100,000-$125,000 Coverage
Policy Holder Home Details :

Home Value : $90,000

3 Beds, 3 Baths 1621 sqft Primary Residence Constructed In 1943 with Hardwood Flooring, Shingles Roof, Crawl Space Foundation, Stone Siding, Brick Frame. Home Features Include Smoke Alarm, Copper Water Pipes, FuseBox Electricals and Security by HomeOnly

About Policy Holder:

72 Years old Single Male who has a Full Time Job with household income of $50-$75,000 and has More than 3 Pets and is a Smoker

Additional Details :
  • 50-75% Mortgage Paid off

  • Up to 499 Credit Score

  • Seniors staying at home

Peoria, IL Home Insurance by Zip Code

Zip Code Median Home Value Median Homeowners Insurance
61606 $99,400 $740
61604 $94,000 $740
61605 $44,700 $710
61602 $221,700 $800
61615 $180,900 $790

Peoria Rates & Quotes Analysis:

Peoria Area Estimated House Insurance
N Eastvue Ct, N Tobi Ln, N Harmon Ave, W Widenham St, S Folkers Ave, Boulder Creek Ct, W Claybaugh Rd, S du Sable St, W Timberview Ct, W Hill St$698
N Cooper St, W Cindy Ln, S Avion Dr, Castle Dr, Wayne St, N Pioneer Rd, W Villa Ridge, N Donna Ln, N Merriman Ct, W Sunburst Ln$737
St Marys Ct, W Robertson Rd, Kutz Ln, N Riverview Rd, N Upland Ter, W Austin Dr, S Webster St, N Arrow Dr, W Crestwood Dr, N Johnson Rd$746
N Gilles Rd, W Nicolet Ct, E Euclid Ave, Abbey, N Stanley St, W Briarstone Dr, N Alta Rd, Tuscany Ridge Ct, E Frye Ave, Harp Hollow Rd$795
W Tahola Ct, Cass St, W George St, W Holly Hedges Dr, N Hanssler Ct, N Jackson St, W Hollyridge Cir, W Chestnut Dr, W 3rd Ave, E Minnesota St$748
N Kristin Ct, E Woodside Dr, Cove Ct, W Newman Pkwy, W Greenbrier Ln, N Industrial Rd, N Idaho St, W Vail Ct, W Warwick Dr, W Thousand Oaks Dr$789
Woodland Ct, N Hosta Cir, W Kellogg Ave, N Brookstone Dr, Chicago St, N Ashland Ct, W Lodi Ct, Wilhelm Rd, N Oak Leaf Ct, E Coventry Ln$802
Padua Ln, N Lakeside Pl, N Heinz Ln, W Forsythe Ct, Ivyleaf Ct, N Woodruff Blvd, Eureka St, N Whispering Woods Dr, S Westmoreland Ave, W Ann St$792
N Nelson Dr, NE Crescent Ave, St Agnes Ct, Co Hwy 43, S Blaine St, N Delaware St, Georgetowne Rd, Longmeadow Ct, N Springdale Ave, N Wilderness Dr$717
E Sankoty Dr, N Wildlife Dr, W Ducharme Ave, S Tyng St, NE Glendale Ave, W Baskin Ridge, N Allen Rd, E Linnet St, N Caterpillar Rd, W Meadows Pl$800

Insurance rates are influenced by a number of factors including:

  • Year Built: 7,865 Homes (14% of total) built between 1950 to 1959 in Peoria are paying home insurance between $1,398-$1,409 and differs from Kickapoo (+$97), Spring Bay (+$15), Medina (+$84), Richwoods (-$36) and West Peoria (-$20).
  • Bedrooms: 17,277 3 bedrooms homes (33% of total homes ) in Peoria are paying about $692. Areas near to Peoria such as Kickapoo, Spring Bay, Fondulac are costlier by $40, $8, $3 respectively whereas Richwoods and West Peoria are more economical by $18, $10 respectively for similar homes.
  • Auto Insurance Bundling: 5,149 Households (18% of all households) in Peoria have 3 or more vehicles available and when it is bundled with home insurance you can save $186 and varies from Richwoods ($181), West Peoria ($183), Kickapoo ($198).
  • Senior Discounts: 13,709 seniors (more than 55 years) occupied housing units (49% of total) in Peoria get discounts between $111 to $113. The comparative concessions in proximate regions such as Richwoods, West Peoria and Kickapoo are $108, $109 and $119 respectively.
  • New Homes discounts: New homes such as the 16,663 homes built between 2000 to 2009 in Peoria can save $148 and similar new home insurance discounts in nearby towns and cities like Richwoods, West Peoria and Kickapoo are $144, $146 and $159 respectively.

Peoria Homeowners insurance Facts

  • Peoria, IL has 27,620 owner occupied houses which is 58.5% of all units whereas Richwoods, West Peoria and Kickapoo have 65.21%, 74.83% and 79.21% respectively.
  • Peoria, IL homeowners yearly insurance price at $744 is 0.6% of the typical house value of $124,400 which is in contrast with 0.87% in Richwoods, 0.73% at West Peoria & 0.34% in Kickapoo.
  • Homeowners in Peoria, IL pay 2.29% of their income ($30,000 to $34,999) in insurance whereas homeowners in Richwoods, West Peoria and Kickapoo pay 2.23%, 2.26% and 2.45% respectively.
  • Peoria, IL’s insurance is 5.1% of monthly housing costs of $1,208/month, for owners with a mortgage compared to 6.73% in Richwoods, 6.18% at West Peoria & 3.39% in Kickapoo. But, for households without a mortgage, insurance is 12.8% of costs ($484 in Peoria, IL) in contrast with 16.81% in Richwoods, 13.82% at West Peoria & 11.79% in Kickapoo.

Peoria, IL Home Values & Insurance rates

For example, insurance for 1,486 Homes (5.0% of total homes ) valued between $60,000 to $69,999 in Peoria, IL is about $386. Rates in nearby areas in such as Spring Bay, Fondulac, East Peoria are cheaper by $48, $20, $20 respectively while Richwoods and West Peoria are costlier by $178 and $83 respectively for similar homes.

Peoria, IL Home By Value Total Homes % of Total Average Homeowners Insurance
Less than $50,000 2,899 11.0% $148
$50,000 to $59,999 1,026 3.0% $312
$60,000 to $69,999 1,486 5.0% $386
$70,000 to $79,999 1,769 6.0% $446
$80,000 to $89,999 1,979 7.0% $505
$90,000 to $99,999 1,556 5.0% $565
$100,000 to $124,999 3,171 12.0% $654
$125,000 to $149,999 2,906 11.0% $818
$150,000 to $174,999 2,715 10.0% $967
$175,000 to $199,999 1,904 7.0% $1116
$200,000 to $249,999 2,429 9.0% $1346
$250,000 to $299,999 1,326 5.0% $1644
$300,000 to $399,999 1,168 4.0% $2090

Renters Insurance in Peoria

  • Average Renters Insurance in Peoria :  $191($15/month)

  • Median Gross Rent in Peoria :  $697

  • Peoria Renters Insurance to Median Rent Ratio:  2.15%

  • Renter occupied housing units in Peoria :  19,636

Peoria Renters Insurance as a Percentage of Rent

Peoria Home By Monthly Rent Total Homes % of Total Estimated Monthly Income To Afford Rented House Including Renters Insurance
Less than $200 887 4.0% $347
$200 to $299 877 4.0% $797
$300 to $499 2,083 10.0% $1247
$500 to $749 7,461 39.0% $1922
$750 to $999 4,808 25.0% $2672
$1,000 to $1,499 2,001 10.0% $3797
$1,500 or more 944 4.0% $5447

Rent Affordability in Peoria:

Approximately 45.0% (8,863) of households are spending more than 35% of their income on gross rent in Peoria

Occupied units paying gross rent Total Households % of Total
Less than 15.0 percent 2,907 14.0%
15.0 to 19.9 percent 2,162 11.0%
20.0 to 24.9 percent 2,087 10.0%
25.0 to 29.9 percent 1,854 9.0%
30.0 to 34.9 percent 1,763 8.0%
35.0 percent or more 8,863 45.0%

Peoria Renters Insurance Discounts:

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

Number of Vehicles in Peoria, IL Number of Housing Units % of Total Renters Insurance Insurance Savings by Bundling Auto Insurance
1 vehicle available 10,226 52.0% $19.1
2 vehicles available 3,584 18.0% $28.65
3 or more vehicles available 857 4.0% $38.2

Peoria Senior Citizen Discounts:

Age Senior Occupied Housing Units % of Total Discount offered
55 to 59 years 1,153 5.0% $69
60 to 64 years 933 4.0% $55
65 to 74 years 1,061 5.0% $45
75 years and over 1,489 7.0% $34

Protective device discount in Peoria Up to :  $28

Claims-free discount in Peoria Up to :  $38