Chicago Insurance Rates:

Chicago ,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 Chicago, 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 Chicago, IL is $2100. Enter your zipcode below and click “GO” to get multiple free quotes.

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Home Insurance Companies in Chicago, IL: Customer-Reviewed Options

 

Chicago, IL Homeowners Insurance Rates by Coverage Level

It is important to understand the different coverage options available in Chicago, IL. VHome Insurance will help you navigate the world of homeowners insurance coverages in Chicago, IL.

Coverage Level Average Annual Premium
$100,000 $840
$200,000 $1,428
$300,000 $1,764
$400,000 $2,688
$500,000 $3,381

 

Chicago, IL Homeowners Insurance Rates by ZIP Code

Home insurance costs in Chicago can vary greatly based on location. The frequency of claims in your area can affect the cost of your policy. Simply put, the location of your home can significantly impact your homeowners insurance premium.

Zipcode Average Insurance Premium
060603 $2,255
60614 $2,349
60611 $2,277
60604 $2,266
60601 $2,216
60622 $2,241
60610 $2,166
60657 $2,175
60654 $2,158
60618 $2,154
60647 $2,167
60605 $2,120
60607 $2,143
60661 $2,091
60631 $2,088
60602 $1,905
60606 $2,048
60613 $2,072
60625 $2,069
60616 $2,063
60641 $2,039
60630 $2,036
60640 $2,036
60612 $2,015
60653 $2,007
60608 $2,006
60615 $1,991
60639 $1,974
60660 $1,984
60626 $1,960
60637 $1,939
60632 $1,928
60651 $1,940
60624 $1,915
60644 $1,927
60609 $1,932
60652 $1,920
60649 $1,900
60623 $1,900
60629 $1,918
60619 $1,900
60620 $1,884
60617 $1,874
60628 $1,859
60621 $1,836
60636 $1,838

 

Chicago, IL Homeowners Insurance Deductibles

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 Chicago, IL, and how to choose the right one for your needs.

Deductible Level Average Annual Premium
$500 Deductible $2,153
$1000 Deductible $1,926
$1500 Deductible $1,817
$2500 Deductible $1,638
$5000 Deductible $1,386

 

 


Top Home Insurance Agents Near Chicago, IL

Home Insurance Company Near Chicago, IL Homeowners Insurance Agency Near Chicago, IL Address
NA Northwestern Insurance Agency & Associates, Inc. 820 S Bartlett Road, Ste 101, Streamwood, IL, 60107
State Farm Dan Zebert 241 Golf Mill Ctr Ste 316, Niles, IL, 60714-1215
State Farm Gregory Pec 1213 Maple Ave Unit 1, Lisle, IL, 60532-4139
State Farm Jeff Peschke 6942 Grand Ave, Hammond, IN, 46323-2570
Allstate Paul Lee 6036 Dempster St, Morton Grove, IL, 60053

Chicago, IL Home Insurance Agents for Top Companies

 

Chicago, IL Auto & Homeowners Insurance Bundling Discounts

Place 1 Car Bundle Savings On Insurance 2 Car Bundle Savings On Insurance 3 Car Bundle Savings On Insurance
Cicero town, Illinois $115 $153 $230
Cook County, Illinois $120 $160 $240
Forest View village, Illinois $117 $156 $234

 


Chicago, IL Area Home Insurance as a % of Housing Cost

PlaceHome insurance as a % of housing cost for homes with mortgageHome insurance as a % of housing cost for homes without mortgage
Chicago, IL3.4%11.2%
Cicero3.51%10.23%
Cook County3.43%10.25%
Forest View3.5%12.4%

Chicago Renters Insurance as a Percentage of Rent

Chicago Home By Monthly Rent Total Homes % of Total Estimated Monthly Income To Afford Rented House Including Renters Insurance
Less than $200 12,152 2.0% $317
$200 to $299 16,669 3.0% $767
$300 to $499 27,172 5.0% $1217
$500 to $749 97,430 18.0% $1892
$750 to $999 155,753 28.0% $2642
$1,000 to $1,499 153,243 28.0% $3767
$1,500 or more 78,652 14.0% $5417

Cost Of Homeowners Insurance By Street Near Chicago, IL

Streets in Chicago Area Homeowners Insurance Cost
W 1st St, N Park Blvd, N Park Ave, Alma Ave, W Hickory Rd, N Wheaton Ave, Eastview Ave, Lorraine St, Linden St, Taft Ave$952
E Kenilworth Ave, Iowa Ave, Wingate Rd, Reber St, E Willow Ave, Avery Ave, Ridgewood Ave, Clinton Ave, W Indiana St, E 2nd St$838
E Vermont St, N Park Ave, Evergreen St, Glade Ave, Stoneham St, Revere Rd, N Blanchard St, E Evergreen St, W Wood Ave, Poppy Ln$836
N West St, S Park Rd, S Sunnyside Ave, W Le Moyne Ave, Lombard Ave, Fairlane Ave, Woodland Dr, Crescent Blvd, Lakeview Ter, Sheila Pl$810
S Edson Ave, E Seminary Ave, Utley Rd, Marion Ct, S Boyd Ave, W Eugenia St, E Wood Ave, N Park Blvd, S Columbine Ave, S Charlotte St$797

Chicago, IL Home Insurance Savings For Senior Occupied Homes

PlaceSavings For Senior Occupied Homes
Chicago$120 to $122
Cicero$114
Cook County$120
Forest View$117

Chicago, IL Home Insurance Costs With Deductible Scenario

Low DeductibleHigh Deductible
Deductible$1,800$2,800
Yearly Chicago Homeowner Insurance Premium Example $900$700
Out of Pocket Expense During Claim$1,800$2,800
Total Home Insurance Premium for 8 years + Out of Pocket Expense for Claim $9,000$8,400
Net Savings to Chicago Home Owner from High Deductible Plan $600

 


Chicago, IL Home Insurance Costs With Home Replacement Value Scenarios

Scenario Chicago, IL Home Replacement Value MORE than Home Value Chicago, IL Home Replacement Value LESS than Home Value
Replacement Value $515,500 $356,000
Insurance Premium based on Replacement Value $2,875 $2,000
Risk Exposure from Under Insuring Coverage Unnecessary Home Insurance Coverage of $63,000 Risk Exposure from Under Insuring Coverage is $96,500
Premium Impact Insurance cheaper by $525/year Insurance costlier by $350/year

 


Example Chicago Homeowners Insurance Comparison Table to Compare The Cheapest Quotes

Insurance Company TravelersLiberty MutualChubb Group of Insurance
Monthly Premium 3866114
Year Built 196919791948
Home Details 2 Beds, 1 Baths3 Beds, 2 Baths4 Beds, 2 Baths
Coverage Amount $100000-$125000$175000-$200000$250000-$300000
Deductible $1000-$2500 Deductible$500- $1000 Deductible$1000-$2500 Deductible