Schaumburg Insurance Rates:

Schaumburg, IL home insurance is about $681 to $925, about $56-$77/month. Our complete research indicates shoppers can save as much as $321 by getting different quotes

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Read Schaumburg, Illinois Homeowners Insurance reviews & compare quotes to find the most reliable & cheapest quotes.

Schaumburg Home Owner Insurance Quotes | Write a Review | Rates & Quotes Analysis
Liberty Mutual
Home Insurance Rate of $430/7 months for $300000-$350000 Coverage
Policy Holder Home Details :

Home Value : $325,000

3 Beds, 3 Baths 2260 sqft Rental Property Constructed In 1990 with Linoleum, Tile Roof, Crawl Space Foundation, Stone Siding, Stucco Construction. Home Features Include Swimming Pool, FuseBox Electricals and Security by HomeOnly

About Policy Holder:

63 Years old Single Female who is Retired with household income of $25-50,000 and has 2 Pets and is a Non-Smoker

Additional Details :
  • 50-75% Mortgage Paid off

  • 700-749 Credit Score

Home Insurance Rate of $970/7 months for $300000-$350000 Coverage
Policy Holder Home Details :

Home Value : $290,000

5 Beds, 5 Baths 2570 sqft Primary Residence Constructed In 1979 with Hardwood Flooring, Tile Roof, Piers Foundation, Stone Siding, Wood Frame. Home Features Include Copper Water Pipes, FuseBox Electricals and Security by Monitoring Company

About Policy Holder:

32 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

  • 700-749 Credit Score

  • Seniors staying at home

  • Guests at home

Home Insurance Rate of $650/7 months for $350000-$400000 Coverage
Policy Holder Home Details :

Home Value : $430,000

4 Beds, 4 Baths 2940 sqft Primary Residence Constructed In 1970 with Wood Flooring, Tile Roof, Slab Foundation, Wood siding, Wood Frame. Home Features Include Indoor Sprinklers, Swimming Pool, FuseBox Electricals and Security by Monitoring Company

About Policy Holder:

32 Years old Single Male who has a Full Time Job with household income of more than $150,000 and has 1 Pet and is a Non-Smoker

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

  • 750-799 Credit Score

  • Seniors staying at home

  • Guests at home

Home Insurance Rate of $690/10 months for $250000-$300000 Coverage
Policy Holder Home Details :

Home Value : $335,000

5 Beds, 5 Bath 2280 sqft Primary Residence Constructed In 1986 with Carpet over wood flooring, Shingles Roof, Piers Foundation, Fiber-Cement Siding, Brick Frame. Home Features Include Swimming Pool, FuseBox Electricals and Security by HomeOnly

About Policy Holder:

50 Years old Divorced Female who is Unemployed and has 1 Pet and is a Smoker

Additional Details :
  • 25-50% Mortgage Paid off

  • 750-799 Credit Score

Home Insurance Rate of $130/1 month for $250,000-$300,000 Coverage
Policy Holder Home Details :

Home Value : $285,000

4 Beds, 4 Baths 2150 sqft Primary Residence Constructed In 1984 with Carpet over wood flooring, Membrane Roof, Chainwall Foundation, Wood siding, Brick Frame. Home Features Include Central Air Conditioning, Deadbolt Locks, Swimming Pool, Copper Water Pipes, FuseBox Electricals and Security by HomeOnly

About Policy Holder:

73 Years old Married Male who is Retired with household income of $25-50,000 and has 2 Pets and is a Non-Smoker

Additional Details :
  • 75-100% Mortgage Paid off

  • 650-699 Credit Score

  • Guests at home

Schaumburg, IL Home Insurance by Zip Code

Zip Code Median Home Value Median Homeowners Insurance
60192 $350,900 $860
60193 $265,900 $830
60173 $238,900 $800

Schaumburg Rates & Quotes Analysis:

Schaumburg Area Estimated House Insurance
Kingsbury, Nature Ct, Nantucket Cove, Brent Ct, Glen Lake Rd, W Ticknor Ct, Carver Ln, Auburn Ln, Evergreen Ct, Parkview Cir W$780
Arklow Pl, Crowfoot Cir N, Michigan Ln, Highland St, Saint Claire Cir, Mohegan Ln, Oxford Cir, W Dovington Dr, Barcliffe Ln, Lancashire Ct$828
Truro Ct, Winding Run Ln, Walden Ct, Armstrong Ct, Bulrush Dr, Chaffee Ct, Wm Clifford Ln, Carmel Ct, Waterford Rd S, Patricia Ct$833
Hazel Dr, S Salem Dr, Greenhill Ln, Montclaire Cir, Prince Edward Cir, Kingsport Dr, Waban Ln, Bridgeview Pt, Stratford Dr, Amherst Ln$830
Young Cir, New Mexico Ct, Sleepy Hollow Ct, N Braintree Dr, E Greenbriar Dr, Remington Rd, Crest Ave, Meyer Rd, Manor Cir, Harvard Cir$845
Song Sparrow Ct, Bristol Walk, Grand Canyon Pkwy, W Thacker St, Fabish Ct, S Brockton Ct, Maywood Ln, S Rodenburg Rd, Grand Canyon St, Fox Run Dr$781
Saleford Dr, Schaumburg Ct, Carey Dr, Longboat Ln, Florida Ln, Larson Ln, Regatta Pt, Manchester Mnr, Chippendale Rd, Woodcroft Ct$823
Eastham Ln, Chelsea Ln, McDevitt Cir, Crandell Ln, Compton Ln, Jones Rd, Cooper Ct, Glendale Ln, Newcastle Ln, Scarbrough Cir$781
Evening Song Ct, Glouchester Harbor, Cambridge Ln, Pebblebrook Ln, Juli Dr, Woodbury Ct, Sedgfield Ct, Charlotte Ct, Westfield Ln, Gannon Ct$795
Fulbright Ln, Mitchell Blvd, Dennis Ct, Idlestone Ln, Cynthia Ln, Locust Pl, Sandhurst Ct, Seven Pines Rd, Columbia Dr, Waxwing Ct$763

Insurance rates are influenced by a number of factors including:

  • Year Built: 21,785 Homes (42% of total homes ) built between 1970 to 1979 in Schaumburg are paying home insurance between $1,302-$1,314. Places close to Schaumburg, IL such as Roselle, Hoffman Estates, Itasca are more expensive by $14, $16, $50 respectively while Hanover Park and Streamwood are cheaper by $41 and $33 respectively for similar homes.
  • Bedrooms: 9,965 4 bedrooms homes (19% of total homes ) in Schaumburg are paying about $1,067 and varies from Roselle (+$12), Hoffman Estates (+$14), Rolling Meadows (+$4), Hanover Park (-$25) and Streamwood (-$18).
  • Auto Insurance Bundling: 16,905 Households (46% of all households) in Schaumburg have 2 vehicles available and when it is bundled with home insurance you can save $160 and differs from Roselle ($162), Hoffman Estates ($162), Hanover Park ($155).
  • Senior Discounts: 15,396 seniors (more than 55 years) occupied housing units (42% of total) in Schaumburg get discounts between $120 to $122. The comparative concessions in proximate regions such as Roselle, Hanover Park and Streamwood are $121, $116 and $117 respectively.
  • New Homes discounts: New homes such as the 8,178 homes built between 2000 to 2009 in Schaumburg can save $160 compared to Roselle ($162), Hoffman Estates ($162), Hanover Park ($155).

Schaumburg Homeowners insurance Facts

  • Schaumburg, IL has 36,033 owner occupied houses which is 73.5% of all units whereas Roselle, Hoffman Estates and Hanover Park have 77.74%, 77.33% and 80.14% respectively.
  • Schaumburg, IL homeowners yearly insurance price at $803 is 0.32% of the typical house value of $248,800 which is in contrast with 0.3% in Roselle, 0.3% at Hoffman Estates & 0.4% in Hanover Park.
  • Homeowners in Schaumburg, IL pay 2.47% of their income ($30,000 to $34,999) in insurance whereas homeowners in Roselle, Hoffman Estates and Hanover Park pay 2.5%, 2.5% and 2.39% respectively.
  • Schaumburg, IL’s insurance is 3.6% of monthly housing costs of $1,855/month, for owners with a mortgage compared to 3.45% in Roselle, 3.42% at Hoffman Estates & 3.51% in Hanover Park. But, for households without a mortgage, insurance is 10.3% of costs ($652 in Schaumburg, IL) in contrast with 9.95% in Roselle, 9.79% at Hoffman Estates & 10.24% in Hanover Park.

Schaumburg, IL Home Values & Insurance rates

For example, insurance for 340 Homes (1.0% of total homes ) valued between $90,000 to $99,999 in Schaumburg, IL is about $305. Rates in nearby areas in such as Hoffman Estates, Itasca, Elk Grove are cheaper by $21, $55, $22 respectively while Streamwood and Hanover are costlier by $55 and $33 respectively for similar homes.

Schaumburg, IL Home By Value Total Homes % of Total Average Homeowners Insurance
Less than $50,000 701 2.0% $80
$80,000 to $89,999 379 1.0% $273
$90,000 to $99,999 340 1.0% $305
$100,000 to $124,999 1,461 4.0% $353
$125,000 to $149,999 1,905 5.0% $441
$150,000 to $174,999 3,620 11.0% $521
$175,000 to $199,999 3,440 10.0% $602
$200,000 to $249,999 5,874 18.0% $722
$250,000 to $299,999 5,636 17.0% $883
$300,000 to $399,999 8,080 25.0% $1124

Renters Insurance in Schaumburg

  • Average Renters Insurance in Schaumburg :  $68($5/month)

  • Median Gross Rent in Schaumburg :  $1,160

  • Schaumburg Renters Insurance to Median Rent Ratio:  0.43%

  • Renter occupied housing units in Schaumburg :  12,995

Schaumburg Renters Insurance as a Percentage of Rent

Schaumburg Home By Monthly Rent Total Homes % of Total Estimated Monthly Income To Afford Rented House Including Renters Insurance
$300 to $499 246 1.0% $1217
$500 to $749 255 1.0% $1892
$750 to $999 3,402 26.0% $2642
$1,000 to $1,499 6,021 47.0% $3767
$1,500 or more 2,688 21.0% $5417

Protective device discount in Schaumburg Up to :  $10

Claims-free discount in Schaumburg Up to :  $13