Springfield Insurance Rates:

Springfield, IL home insurance is nearly $629 to $851, about $52-$70/month. Our in depth research reveals consumers can save upto $295 by getting different quotes

Compare Quotes from Top Providers and Save now!

Research about Springfield Home Insurance Rates, Quotes, Reviews, Agents, Coverage & other ways to save money in Illinois. Compare quotes & save.

Springfield Home Owner Insurance Quotes | Write a Review | Rates & Quotes Analysis
State Farm
Home Insurance Rate of $200/9 months for $50000-$75000 Coverage
Policy Holder Home Details :

Home Value : $70,000

2 Beds, 2 Bath 970 sqft Rental Property Constructed In 1989 with Carpet Flooring, Tile Roof, Slab Foundation, Stone Siding, Metal Frame Construction. Home Features Include Indoor Sprinklers, Swimming Pool, Copper Water Pipes, FuseBox Electricals and Security by HomeOnly

About Policy Holder:

66 Years old Married Female who is Unemployed with household income of less than $25,000 and has More than 3 Pets at home and is a Non-Smoker

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

  • 550-599 Credit Score

  • Seniors staying at home

Home Insurance Rate of $180/4 months for $125000-$150000 Coverage
Policy Holder Home Details :

Home Value : $135,000

3 Beds, 3 Bath 1900 sqft Rental Property Constructed In 1995 with Hardwood Flooring, Tile Roof, Chainwall Foundation, Fiber-Cement Siding, Brick Frame. Home Features Include Fireplace, Circuit Breaker Electricals and Security by Monitoring Company

About Policy Holder:

51 Years old Married Female who has a Full Time Job with household income of $25-50,000 and has No Pets and is a Smoker

Additional Details :
  • 75-100% Mortgage Paid off

  • 800-850 Credit Score

  • Seniors staying at home

  • Guests at home

Home Insurance Rate of $160/6 months for $75000-$100000 Coverage
Policy Holder Home Details :

Home Value : $80,000

2 Beds, 2 Bath 1290 sqft Primary Residence Constructed In 1974 with Carpet Flooring, Wood Shake Roof, Crawl Space Foundation, Wood siding, Metal Frame Construction. Home Features Include Swimming Pool, Central Air Conditioning, Smoke Alarm, FuseBox Electricals and Security by Monitoring Company

About Policy Holder:

36 Years old Divorced Male who has a Part Time Job with household income of $25-50,000 and has 1 Pet 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 $60/2 months for $75,000-$100,000 Coverage
Policy Holder Home Details :

Home Value : $105,000

2 Beds, 2 Bath 1815 sqft Primary Residence Constructed In 1959 with Stone Flooring, Metal Roof, Chainwall Foundation, Brick siding, Wood Frame. Home Features Include Indoor Sprinklers, Swimming Pool, FuseBox Electricals and Security by Monitoring Company

About Policy Holder:

32 Years old Divorced Female who is a Freelancer with household income of $25-50,000 and has More than 3 Pets and is a Non-Smoker

Additional Details :
  • 25-50% Mortgage Paid off

  • 750-799 Credit Score

  • Seniors staying at home

  • Guests at home

Springfield Rates & Quotes Analysis:

Springfield Area Estimated House Insurance
Wind Meadow Dr, Crossing Dr, Pinoak Ln, Wood Ridge Dr, Winterberry Ln, Key West Ln, White Birch Dr, White Pine Dr, E Griffiths Ave, Haviland Dr$786
Clearview Dr, Pebble Beach Dr, Rutgers Dr, Glendale Dr, International Pkwy, Stardust Dr, S 6th Street Frontage Rd E, Wildcat Run, Turnberry Pl, Grinnell Dr$775
Casting Dr, Noble Ave, Co Rd 4e, Cottage Grove, Tumbleweed Trl, Irwin Ln, W Cedar St, Carnoustie Dr, Mitchell Dr, Timbercrest Ct$773
Parkview Dr, Sheridan St, Jemi Ln, Oak Terrace Ln, Villa Grove, Tallgrass, E Allen St, SE Old State Capitol Plz, Dove Dr, Bristol Dr$799
Monica Ct, Oakcrest Rd, Almahurst Dr, Broad Pl, S Sherman Blvd, Elmhurst Dr, Jerome Ave, Ross Rd, Anchor Rd, N Oak Rd$762
Eagles Lndg, Green Trail Dr, Camp Cilca Rd, Riech Rd, Casey Dr, Emporia Ave, E Thoma St, Russell Dr, Stonehaven Ridge, Crestview Dr$769
Lindbergh Blvd, Pickering Ln, Dave Stockton Dr, Springcreek Dr, Tamaroa Trl, Plateau Dr, Connie Dr, New Salem Church Rd, Arcade Dr, Windamere Dr$732
Warwick Dr, Sequoia Dr, E Black Ave, Bergamot Dr, S Palmer St, Whispering Ln, Collingwood Dr, Prairie Ln, W Fayette Ave, Buckeye$773
Eagle Wing Rd, Hackberry Dr, Plaza Dr, St Mary's Ct, 750 A South Rd, Waterbury Pond Ct, Saint Marys Ct, W Miller St, W Calhoun Ave, Ridgeview Rd$706
Saint James Ct, Bontjes, Groth St, Woodmore Dr, Palomino Rd, Pine Ridge Dr, Prairie Crossing Dr, Lansing Dr, Evergreen Walk Dr, Spindel Dr$800

Insurance rates are influenced by a number of factors including:

  • Year Built: 9,514 Homes (17% of total) built between 1939 or earlier in Springfield are paying home insurance between $1,582-$1,593 and varies from Leland Grove (+$105), Clear Lake (+$20), Rochester (+$53), Grandview (-$46) and Jerome (-$15).
  • Bedrooms: 17,979 2 bedrooms homes (32% of total homes ) in Springfield are paying about $540. Areas near to Springfield such as Leland Grove, Clear Lake, Rochester are costlier by $36, $7, $11 respectively whereas Grandview and Jerome are more economical by $15, $5 respectively for similar homes.
  • Auto Insurance Bundling: 14,150 Households (43% of all households) in Springfield have 2 vehicles available and when it is bundled with home insurance you can save $147. Discounts for similar bundling in close by locations such as Capital, Leland Grove, Grandview come to $147, $157, $143 respectively.
  • Senior Discounts: 15,731 seniors (more than 55 years) occupied housing units (48% of total) in Springfield get discounts between $110 to $113. The comparative concessions in proximate regions such as Capital, Leland Grove and Grandview are $110, $118 and $107 respectively.
  • New Homes discounts: New homes such as the 19,128 homes built between 2000 to 2009 in Springfield can save $147 and varies from Capital ($147), Leland Grove ($157), Grandview ($143).

Springfield Homeowners insurance Facts

  • Springfield, IL has 32,588 owner occupied houses which is 65.0% of all units whereas Capital, Leland Grove and Grandview have 64.99%, 90.31% and 72.5% respectively.
  • Springfield, IL homeowners yearly insurance price at $739 is 0.64% of the typical house value of $115,700 which is in contrast with 0.64% in Capital, 0.36% at Leland Grove & 1.01% in Grandview.
  • Homeowners in Springfield, IL pay 5.91% of their income ($10,000 to $14,999) in insurance whereas homeowners in Capital, Leland Grove and Grandview pay 5.91%, 6.31% and 5.74% respectively.
  • Springfield, IL’s insurance is 5.2% of monthly housing costs of $1,183/month, for owners with a mortgage compared to 5.2% in Capital, 3.66% at Leland Grove & 6.96% in Grandview. But, for households without a mortgage, insurance is 13.5% of costs ($455 in Springfield, IL) in contrast with 13.53% in Capital, 8.79% at Leland Grove & 18.99% in Grandview.

Springfield, IL Home Values & Insurance rates

For example, insurance for 2,424 Homes (7.0% of total homes ) valued between $80,000 to $89,999 in Springfield, IL is about $539. Rates in nearby areas in such as Sangamon County, Clear Lake, Rochester are cheaper by $34, $68, $157 respectively while Grandview and Jerome are costlier by $322 and $83 respectively for similar homes.

Springfield, IL Home By Value Total Homes % of Total Average Homeowners Insurance
Less than $50,000 3,782 12.0% $155
$50,000 to $59,999 1,410 4.0% $332
$60,000 to $69,999 1,774 5.0% $413
$70,000 to $79,999 2,059 6.0% $472
$80,000 to $89,999 2,424 7.0% $539
$90,000 to $99,999 2,023 6.0% $605
$100,000 to $124,999 4,521 14.0% $702
$125,000 to $149,999 3,534 11.0% $872
$150,000 to $174,999 2,781 8.0% $1034
$175,000 to $199,999 1,711 5.0% $1197
$200,000 to $249,999 2,476 7.0% $1433
$250,000 to $299,999 1,573 4.0% $1758
$300,000 to $399,999 1,443 4.0% $2231

Renters Insurance in Springfield

  • Average Renters Insurance in Springfield :  $201($16/month)

  • Median Gross Rent in Springfield :  $705

  • Springfield Renters Insurance to Median Rent Ratio:  2.27%

  • Average household size of renter-occupied unit :  2.09

Springfield Renters Insurance as a Percentage of Rent

Springfield Home By Monthly Rent Total Homes % of Total Estimated Monthly Income To Afford Rented House Including Renters Insurance
Less than $200 355 2.0% $350
$200 to $299 620 3.0% $800
$300 to $499 2,200 13.0% $1250
$500 to $749 6,303 37.0% $1925
$750 to $999 4,852 28.0% $2675
$1,000 to $1,499 1,804 10.0% $3800
$1,500 or more 669 3.0% $5450

Rent Affordability in Springfield:

Approximately 45.0% (8,027) of households are spending more than 35% of their income on gross rent in Springfield

Occupied units paying gross rent Total Households % of Total
Less than 15.0 percent 2,193 12.0%
15.0 to 19.9 percent 2,019 11.0%
20.0 to 24.9 percent 2,118 12.0%
25.0 to 29.9 percent 1,660 9.0%
30.0 to 34.9 percent 1,537 8.0%
35.0 percent or more 8,027 45.0%

Springfield Renters Insurance Discounts:

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

Number of Vehicles in Springfield, IL Number of Housing Units % of Total Renters Insurance Insurance Savings by Bundling Auto Insurance
1 vehicle available 9,873 56.0% $20.1
2 vehicles available 3,330 18.0% $30.15
3 or more vehicles available 776 4.0% $40.2

Springfield Senior Citizen Discounts:

Age Senior Occupied Housing Units % of Total Discount offered
55 to 59 years 1,236 7.0% $70
60 to 64 years 937 5.0% $56
65 to 74 years 1,110 6.0% $45
75 years and over 1,523 8.0% $35

Protective device discount in Springfield Up to :  $30

Claims-free discount in Springfield Up to :  $40