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.
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 |
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 |
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 |
| Home Insurance Company Near Chicago, IL | Homeowners Insurance Agency Near Chicago, IL | Address |
|---|---|---|
| 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 |
| 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 |
| 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 |
| Place | Home insurance as a % of housing cost for homes with mortgage | Home insurance as a % of housing cost for homes without mortgage |
|---|---|---|
| Chicago, IL | 3.4% | 11.2% |
| Cicero | 3.51% | 10.23% |
| Cook County | 3.43% | 10.25% |
| Forest View | 3.5% | 12.4% |
| 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 |
| 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 |
| Place | Savings For Senior Occupied Homes |
|---|---|
| Chicago | $120 to $122 |
| Cicero | $114 |
| Cook County | $120 |
| Forest View | $117 |
| Low Deductible | High 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 | |
| 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 |
| Insurance Company | Travelers | Liberty Mutual | Chubb Group of Insurance |
| Monthly Premium | 38 | 66 | 114 |
| Year Built | 1969 | 1979 | 1948 |
| Home Details | 2 Beds, 1 Baths | 3 Beds, 2 Baths | 4 Beds, 2 Baths |
| Coverage Amount | $100000-$125000 | $175000-$200000 | $250000-$300000 |
| Deductible | $1000-$2500 Deductible | $500- $1000 Deductible | $1000-$2500 Deductible |