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 $. Enter your zipcode below and click “GO” to get multiple free quotes.
| Home Insurance Company Near Chicago, IL | Homeowners Insurance Agency Near Chicago, IL | Address |
|---|---|---|
| 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 |
| 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 |