Aurora, IL homeowners insurance is approximately $660 to $894, about $55-$74/month. Our in depth analysis indicates shoppers can save as much as $310 by comparing different quotes. Enter your zipcode below and click “GO” to get multiple free quotes.
Aurora, IL homeowners are paying an average of $833 in home insurance each year. Factors that affect the cost of a policy include home value,coverage type, deductible and age or the material used to build your house. There are different ways to reduce the homeowners insurance cost, and the easiest way is to choose a higher deductible. Below is the summary of average home insurance costs available to Aurora homeowners based on the deductible and other variables.
Deductible is the amount of money that an homeowner pays out of pocket before the policy begins paying out the claim. Choosing a higher deductible means lowering the potential benefit, which in turn makes the policy less valuable and therefore cheaper.Homeowners in Aurora, IL can get $598.09 worth of coverage for as little as $2500 with an attractive discount available by opting for higher deductibles. Homeowners receive insurance for $636.25 and $700.89 respectively, on deductibles $2000 and $1500.
Age of the home is an important variable to decide the home insurance cost.Older homes are more likely to have structural damages that increases the risk and thus increases the premiums. Aurora homes older than 40 and 50 years old pay $855 and $865 respectively. On the other hand newly built homes are less prone to damage and home insurance companies offer substantial discounts to newly constructed homes. For instance newly constructed homes in Aurora can avail lower insurance of $633.
The cost of home insurance is determined based on factors such as construction type. For example, a fire-resistant house will make your average annual premium significantly lower at $725 per year in Aurora, IL due to the risk of damage from fires or other combustion reactions. Homes built with Masonry and Brick can receive an average price for homeowners' insurance coverage in Aurora starting at $791. Whereas homes built with superior and hail resistant roofs attract a higher amount $758 and $808 respectively.
Homes built with special features are likely to attract a higher amount of premium than the state average. For instance, homeowners in Aurora pay $850 of premium for installing a swimming pool. In addition, if the swimming pool comes with a diving pool or slide, home owners can avail insurance of $866 and $883 respectively. Although most of these factors are not in your control, there are other factors such as credit score, you can control. Credit score is a rating calculated and used by insurance providers that represents the chances of an individual filing a claim while under coverage.Homeowners with high credit scores are likely to get lower rates from the Insurance companies.
Homeowners in Aurora, Illinois, pay an average home insurance rate of $833. However, the cost of home insurance in Aurora varies widely depending upon several variables. Homeowners need to understand these factors in order to reduce their home insurance rates and pick the cheapest home insurance company.
Home insurance providers consider different parameters before determining home insurance rates. As a result, the quotes offered to homeowners differ from one insurance company to another. Aurora homeowners are advised to compare quotes from multiple home insurance companies to choose the cheapest one for their coverage requirements.
Deductibles Vs. Home Insurance Rates
Home insurance companies provide homeowners with the option of choosing a deductible based on their needs. Homeowners can reduce their home insurance rates by paying a one-time high deductible. The percentage of reduction in home insurance rates for a given deductible differs from one insurance company to another. Aurora homeowners are recommended to choose the home insurance company that offers the highest price reduction for their deductible.
Home insurance companies offer add-on policies in addition to standard policies to meet the individual needs of homeowners. Home insurance agents work with homeowners to understand individual needs and suggest appropriate add-on policies. These policies are targeted to cover items or damage caused due to specific reasons. The add-on policies include pet insurance, flood insurance, collectibles insurance, and earthquake insurance.
Home insurance companies offer numerous discounts to homeowners to help lower the cost of insurance. Apart from the lifestyle choices of residents, home insurance companies also offer discounts based on the type of safety measures implemented by homeowners. Taking into account the specific features of their home, Aurora homeowners are advised to choose the home insurance company that offers the highest discount for their coverage needs.
Claims History of Homeowners
If home insurance companies find repetitive claims or a pattern in filing claims, the home insurance rates for such homeowners can increase drastically. On the other hand, homeowners receive discounts on home insurance rates if they have a claims-free history. Aurora homeowners should choose home insurance companies that are liberal in determining home insurance rates based on the claims history.
|Aurora, IL Home Value||Total Homes||% of Total||Average Aurora, IL Homeowners Insurance|
|Less than $50,000||895||2.0%||$93|
|$60,000 to $69,999||501||1.0%||$256|
|$70,000 to $79,999||835||2.0%||$295|
|$80,000 to $89,999||1,228||3.0%||$334|
|$90,000 to $99,999||745||1.0%||$372|
|$100,000 to $124,999||3,623||8.0%||$435|
|$125,000 to $149,999||3,999||9.0%||$543|
|$150,000 to $174,999||5,672||14.0%||$644|
|$175,000 to $199,999||4,979||12.0%||$745|
|$200,000 to $249,999||6,693||16.0%||$901|
|$250,000 to $299,999||5,432||13.0%||$1095|
|$300,000 to $399,999||5,625||13.0%||$1398|
|Home Insurance Company Near Aurora, IL||Homeowners Insurance Agency Near Aurora, IL||Address|
|NA||Ditardi & Associates Insurance Agency||5621 N Milwaukee Ave, Chicago, IL, 60646|
|State Farm||Alyson Huizinga||19900 Governors Drive Suite 103, Olympia Flds, IL, 60461-1060|
|Travelers||Catherine L Shaw||24252 W MAIN ST STE 101, PLAINFIELD, IL, 60544|
|State Farm||Mark Mitchell||717 S Eastwood Dr, Woodstock, IL, 60098-4634|
|Erie||Promise Insurance||425 Quadrangle Drive Suite 120, Bolingbrook, IL, 60440|
|Streets in Aurora Area||Homeowners Insurance Cost|
|Rosehall Ln, Ruff St, 129th St, Mary Lee Ct, Talon Cir, W Blakely Dr, Sagamore Cir, Ferguson Rd, W Chatham Dr, Latham Ct||$857|
|Barrington Dr E, S Northland Dr, S Prairie Pond Dr, Milestone Dr, Pavilion Pl, Birdseye Ct, Kildare Dr, Hawks Bill Ln, Vicksburg Ct, S Elizabeth Dr||$854|
|Union Mill Dr, Delta Dr, Courtney Rd, Sunrise Ct, Erin Marie Ct, Ambrose Rd, Blackburn Ct, Hawks Bill Ct, Gardner Cir E, Limerick Ln||$805|
|Moonlight Ct, Blue Bell Ln, Meadowland Cir, Whispering Woods Cir, Azure Cove, Sunderlin Rd, Kilkenny Dr, Grand Ridge Cir, Kerr St, Kristi Dr||$848|
|Prescott Ct, Tiffany St, Red Star Dr, Stags Leap Trl, Sagamore Ct, W Kelly Ct, Round Barn Rd, Biltmore Cir, Stewart Ridge Dr, W 131st St||$851|
|Place||Savings For Senior Occupied Homes|
|Aurora||$116 to $118|
|Place||1 Car Bundle Savings On Insurance||2 Car Bundle Savings On Insurance||3 Car Bundle Savings On Insurance|
|North Aurora village, Illinois||$101||$135||$202|
|Boulder Hill CDP, Illinois||$96||$127||$191|
|Montgomery village, Illinois||$97||$129||$194|
|Place||Home insurance as a % of housing cost for homes with mortgage||Home insurance as a % of housing cost for homes without mortgage|
|Aurora Home By Monthly Rent||Total Homes||% of Total||Estimated Monthly Income To Afford Rented House Including Renters Insurance|
|Less than $200||388||2.0%||$330|
|$200 to $299||457||2.0%||$780|
|$300 to $499||634||3.0%||$1230|
|$500 to $749||2,469||13.0%||$1905|
|$750 to $999||5,226||27.0%||$2655|
|$1,000 to $1,499||7,010||37.0%||$3780|
|$1,500 or more||2,736||14.0%||$5430|
|Low Deductible||High Deductible|
|Yearly Aurora Homeowner Insurance Premium Example||$900||$700|
|Out of Pocket Expense During Claim||$1,500||$2,500|
|Total Home Insurance Premium for 8 years + Out of Pocket Expense for Claim||$8,700||$8,100|
|Net Savings to Aurora Home Owner from High Deductible Plan||$600|
|Scenario||Aurora, IL Home Replacement Value MORE than Home Value||Aurora, IL Home Replacement Value LESS than Home Value|
|Insurance Premium based on Replacement Value||$1,875||$1,150|
|Risk Exposure from Under Insuring Coverage||Unnecessary Home Insurance Coverage of $90,000||Risk Exposure from Under Insuring Coverage is $69,000|
|Premium Impact||Insurance cheaper by $325/year||Insurance costlier by $400/year|
|Insurance Company||Liberty Mutual||State Farm||Chubb Group of Insurance|
|Home Details||4 Beds, 1 Baths||3 Beds, 1 Baths||5 Beds, 2 Baths|
|Deductible||$2500-$5000 Deductible||$1000-$2500 Deductible||$5000 to $10,000 Deductible|
|Year Built||Home Value||Roof Type||Sqft||Number of Bedrooms||Deductible||Premium||Premium Months||Siding Type||Smoker/Non Smoker|
|1986||250,000||Wood Shake Roof||2,290||5||$5000 to $10,000 Deductible||750||10||Fiber-Cement Siding||No|
|2010||130,000||Slate Shingles Roof||1,140||2||$500 Deductible||130||2||Vinyl siding||yes|
|2008||140,000||Membrane Roof||1,260||2||$500 Deductible||50||1||Stucco siding||yes|
|1989||250,000||Composition Roof||2,650||5||$500 Deductible||270||2||Brick siding||No|
|2006||110,000||Tile Roof||1,100||2||$1000-$2500 Deductible||110||2||Stone Siding||yes|
|2012||360,000||Shingles Roof||3,660||5||$1000-$2500 Deductible||220||2||Wood siding||yes|
|1984||405,000||Membrane Roof||3,320||4||$5000 to $10,000 Deductible||760||6||Brick siding||yes|
|1984||245,000||Metal Roof||2,570||4||$1000-$2500 Deductible||650||6||Stone Siding||yes|
|1947||225,000||Shingles Roof||1,720||3||$500 Deductible||860||9||Vinyl siding||yes|
|2013||115,000||Membrane Roof||950||2||$1000-$2500 Deductible||420||12||Wood siding||yes|
|2002||315,000||Wood Shake Roof||2,540||4||> $10,000 Deductible||400||6||Stucco siding||No|
|2000||275,000||Membrane Roof||2,780||4||$500- $1000 Deductible||1010||10||Brick siding||No|
|2011||115,000||Metal Roof||1,270||2||$500- $1000 Deductible||400||9||Vinyl siding||No|
|2001||225,000||Slate Shingles Roof||2,200||4||$5000 to $10,000 Deductible||470||8||Brick siding||yes|
|1944||165,000||Metal Roof||1,320||2||$5000 to $10,000 Deductible||250||6||Stucco siding||No|
|2014||160,000||Wood Shake Roof||1,420||2||$5000 to $10,000 Deductible||320||8||Fiber-Cement Siding||yes|
|1942||360,000||Asphalt Shingles Roof||3,160||5||$1000-$2500 Deductible||1070||6||Fiber-Cement Siding||No|
|1943||160,000||Slate Shingles Roof||1,700||2||$2500-$5000 Deductible||420||8||Vinyl siding||yes|
|1983||130,000||Composition Roof||1,120||2||$500- $1000 Deductible||450||7||Stucco siding||No|
|1982||200,000||Composition Roof||1,740||2||> $10,000 Deductible||60||2||Fiber-Cement Siding||No|
|1986||170,000||Shingles Roof||1,430||2||$500 Deductible||790||12||Brick siding||No|
|2004||155,000||Metal Roof||1,620||3||$1000-$2500 Deductible||280||4||Stone Siding||yes|
|2014||110,000||Composition Roof||1,090||2||$1000-$2500 Deductible||220||8||Fiber-Cement Siding||No|
|2012||245,000||Slate Shingles Roof||1,980||3||$500- $1000 Deductible||980||10||Brick siding||yes|
|2011||180,000||Tile Roof||1,510||3||$2500-$5000 Deductible||230||7||Vinyl siding||No|
|2010||415,000||Slate Shingles Roof||3,210||5||> $10,000 Deductible||640||7||Stone Siding||No|
|2011||555,000||Wood Shake Roof||4,480||5||$500- $1000 Deductible||950||4||Brick siding||yes|
|1941||100,000||Composition Roof||910||2||$500 Deductible||230||6||Stone Siding||yes|
|1989||255,000||Shingles Roof||2,340||4||$2500-$5000 Deductible||1040||12||Stone Siding||No|
|1947||205,000||Asphalt Shingles Roof||1,660||2||$500- $1000 Deductible||380||6||Fiber-Cement Siding||yes|
|1998||215,000||Asphalt Shingles Roof||1,932||3||$1000-$2500 Deductible||840||10||Stucco siding||yes|