Bloomingdale ,IL Home Insurance - The cost of homeowners insurance is influenced by a range of factors, including the value of your coverage, deductible, and the construction materials used in your home.
VHome Insurance conducted a thorough analysis of the Bloomingdale, IL homeowners insurance market, taking into account factors like average costs, range of coverages, deductibles and customer satisfaction ratings to determine the best providers. The Average home insurance cost in Bloomingdale, IL is $2084. Enter your zipcode below and click “GO” to get multiple free quotes.
It is important to understand the different coverage options available in Bloomingdale, IL. VHome Insurance will help you navigate the world of homeowners insurance coverages in Bloomingdale, IL.
| Coverage Level | Average Annual Premium |
|---|---|
| $100,000 | $834 |
| $200,000 | $1,417 |
| $300,000 | $1,751 |
| $400,000 | $2,668 |
| $500,000 | $3,355 |
One key aspect of your policy is the deductible, which is the amount you pay out of pocket before your insurance kicks in. Choosing the right deductible can have a major impact on your insurance premiums and overall savings. In this guide, we'll help you understand the options available for homeowners insurance deductibles in Bloomingdale, IL, and how to choose the right one for your needs.
| Deductible Level | Average Annual Premium |
|---|---|
| $500 Deductible | $2,137 |
| $1000 Deductible | $1,911 |
| $1500 Deductible | $1,803 |
| $2500 Deductible | $1,626 |
| $5000 Deductible | $1,375 |
| Home Insurance Company Near Bloomingdale, IL | Homeowners Insurance Agency Near Bloomingdale, IL | Address |
|---|---|---|
| Erie | Elite Insurance And Financial Services Inc. | 930 E Northwest Hwy, Mt Prospect, IL, 60056 |
| Farmers | Joseph Leonardo | 900 Jorie Blvd Ste 100, Oak Brook, IL, 60523 |
| State Farm | Kim Cooper | 3150 W Higgins Rd Ste 135, Hoffman Est, IL, 60169-7237 |
| State Farm | Ted Lauder | 10 S Riverside Plz Ste 124, Chicago, IL, 60606-3709 |
| State Farm | Bill Klinowski | 4200 S Archer Ave, Chicago, IL, 60632-2513 |
| Place | 1 Car Bundle Savings On Insurance | 2 Car Bundle Savings On Insurance | 3 Car Bundle Savings On Insurance |
|---|---|---|---|
| Glendale Heights village, Illinois | $116 | $155 | $233 |
| Roselle village, Illinois | $122 | $162 | $243 |
| Carol Stream village, Illinois | $120 | $160 | $240 |
| Place | Home insurance as a % of housing cost for homes with mortgage | Home insurance as a % of housing cost for homes without mortgage |
|---|---|---|
| Bloomingdale, IL | 3.4% | 9.0% |
| Glendale Heights | 3.38% | 9.14% |
| Roselle | 3.45% | 9.95% |
| Carol Stream | 3.44% | 8.38% |
| Bloomingdale Home By Monthly Rent | Total Homes | % of Total | Estimated Monthly Income To Afford Rented House Including Renters Insurance |
|---|---|---|---|
| $300 to $499 | 191 | 1.0% | $1217 |
| $500 to $749 | 601 | 5.0% | $1892 |
| $750 to $999 | 3,129 | 31.0% | $2642 |
| $1,000 to $1,499 | 4,247 | 42.0% | $3767 |
| $1,500 or more | 1,830 | 18.0% | $5417 |
| Streets in Bloomingdale Area | Homeowners Insurance Cost |
|---|---|
| Banbury Ter, Terry Dr, Scott Dr, S Lawford Ct, Avebury Ct, W Thunderbird Trl, Slayton Ln, International Blvd, Tee Ln, Norfolk Ct | $788 |
| Glendale Rd, Butterfield, Elmwood Ln, Nassau Dr, W Stevenson Dr, Lippert Ln, Astor Ln, Eagle View Dr, W Stevenson Dr, Needham Dr | $837 |
| Star Dr, Wheaton Rd, Newcastle Ct, Hazel Ct, E Epson Ct, Dennison Dr, College Blvd, Hamilton Pkwy, Auburn Dr, Pinecroft Dr | $794 |
| Dinah Rd, Sunrise Pl, Cayuga Ct, Pebble Creek Dr, Bokelman Ave, Cunningham Ln, Kit Carson Dr, Dawn Ct, Siems Cir, Club Ter | $853 |
| Frank Ct, High Ridge Rd, Poplar Ave, Presidential Dr, Mitchell Rd, Salem Ct, Saranac Ct, Birchwood Ln, 84 Ct, Mulloy Dr | $858 |
| Rosedale Ave, Gary Rd, Wall St, Valley Ln, Bosworth Ln, Natoma Cir, E Schubert Ave, Hamstead Ct, Kildare Ct, Winterwood Dr | $794 |
| Lynwood Ln, Ct F, Widgeon Ln, E Ardmore Ave, Sequoia Ct, Stratford Dr, W Altgeld Ave, Romford Ct, Acacia Ln, Nolan Ave | $842 |
| Oxford Pl, Windsor Ln, Juniper Dr, Towner Ct, Warwick Dr, William Way, Walnut Oaks Dr, Regency Dr, Davine Dr, Club House Dr | $761 |
| de Trevi, Summerfield Dr, Cove Ln, Crestwood Dr, Almond Ln, Klein Creek Ct, S Gary Ave, Frank Ct, E Bryn Mawr Ave, de Pinto | $845 |
| Schooner Ln, Court E, Pembrook Ct, Toscana, Merrimac Ln W, Beverly Dr E, Chalet Dr, Reeves Dr, Newburg Ct, Hialeah Ln | $801 |
| Place | Savings For Senior Occupied Homes |
|---|---|
| Bloomingdale | $120 to $122 |
| Glendale Heights | $116 |
| Roselle | $121 |
| Carol Stream | $120 |
| Low Deductible | High Deductible | |
|---|---|---|
| Deductible | $900 | $1,900 |
| Yearly Bloomingdale Homeowner Insurance Premium Example | $1,100 | $900 |
| Out of Pocket Expense During Claim | $900 | $1,900 |
| Total Home Insurance Premium for 8 years + Out of Pocket Expense for Claim | $9,700 | $9,100 |
| Net Savings to Bloomingdale Home Owner from High Deductible Plan | $600 | |
| Scenario | Bloomingdale, IL Home Replacement Value MORE than Home Value | Bloomingdale, IL Home Replacement Value LESS than Home Value |
|---|---|---|
| Replacement Value | $233,000 | $144,000 |
| Insurance Premium based on Replacement Value | $1,400 | $875 |
| Risk Exposure from Under Insuring Coverage | Unnecessary Home Insurance Coverage of $53,500 | Risk Exposure from Under Insuring Coverage is $35,500 |
| Premium Impact | Insurance cheaper by $225/year | Insurance costlier by $300/year |
| Insurance Company | Chubb Group of Insurance | American Family Insurance | State Farm |
| Monthly Premium | 135 | 66 | 175 |
| Year Built | 1978 | 2006 | 1995 |
| Home Details | 4 Beds, 2 Baths | 2 Beds, 1 Baths | 5 Beds, 4 Baths |
| Coverage Amount | $350000-$400000 | $250000-$300000 | $600000-$700000 |
| Deductible | $1000-$2500 Deductible | $5000 to $10,000 Deductible | > $10,000 Deductible |