Chicago, IL Home Insurance - Analysis On Quotes, Rates & Agents

Chicago, IL Insurance Rates:

The average cost of home insurance in Chicago, IL is $940. vHome analyzed multiple home insurance quotes in Chicago, IL to narrow down the list of the cheapest insurance companies in Chicago, IL. vHome stresses the importance of comparing quotes from multiple companies to narrow down the best one that suits the consumer’s needs. Enter your Zip Code in the below banner to get instant home insurance quotes.

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Average Home Insurance Premium in Chicago, IL

National Average Premium State Average Premium Chicago Average Premium
$1,438 $850 $940

Top Home Insurance Companies in Chicago, IL | Back to Top

vHome Insurance has compiled a list of home insurance companies providing the best home insurance rates. The companies are as follows.

Company Name Coverage $70,000 Coverage $150,000 Coverage $200,000 Coverage $350,000
Aaa $876 $1,051 $1,366 $1,885
Allstate $1,152 $1,382 $1,797 $2,479
Lm General $879 $1,055 $1,371 $1,892
Erie Insurance $1,200 $1,440 $1,872 $2,584

Chicago, IL Homeowners Insurance for Different Coverages | Back to Top

Coverage Type Home Insurance Cost($)
$100,000 To $124,999 387.79
$150,000 To $174,999 555.9
$175,000 To $199,999 702.8
$200,000 To $249,999 790.06
$250,000 To $299,999 1,132.51
$300,000 To $399,999 1,560.33
$400,000 To $499,999 2,001.26
$500,000 To $749,999 2,561.61
$750,000 To $999,999 2,961.86
$1000,000 To $1499,999 3,262.05
$1500,000 To $2000,000 3,502.2

Visual Guide for Chicago, IL Home Insurance Buyers on Insurance Companies and Rates

Top Home Insurance Agents Near Chicago, IL | Back to Top

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

List of Chicago, IL Home Insurance Agents by Companies

Chicago, IL Homeowners Insurance Rates Based on Claims Filed | Back to Top

Homeowners in Chicago, IL with no claims filed get a discount of $131.6, whereas homeowners with one claim have to file an additional home insurance rate of $47 while homeowners with 2 claims have to pay an additional $122 for their home insurance premium.

Type of Claim Homeowners Insurance Cost Increase/Decrease($) Homeowners Insurance Cost($)
No Claim Discount -132 808
One Claim +47 987
Two Claim +122 1,062

Chicago, IL Homeowners Insurance by Zip Code | Back to Top

Zip Code Median Home Value($) Home Insurance Cost($)
60603 618,100 874
60614 512,400 912
60611 505,800 953
60604 482,600 902
60601 465,700 912
60622 432,000 953
60610 421,700 902
60657 408,900 953
60654 405,900 902
60618 355,200 893
60647 354,700 888
60605 354,400 874
60607 347,000 953
60661 342,700 902
60631 335,200 902
60602 330,400 951
60606 327,500 953
60613 317,200 912
60625 316,000 902
60616 297,000 902
60641 287,400 893
60630 286,700 951
60640 277,600 953
60612 275,500 951
60653 259,700 953
60608 247,800 951
60615 237,600 953
60639 236,700 912
60660 231,700 951
60626 221,900 902
60637 202,200 953
60632 198,900 902
60651 197,800 893
60624 194,900 902
60644 192,100 884
60609 192,000 951
60652 180,500 888
60649 180,400 893
60623 173,900 912
60629 171,800 952
60619 162,900 912
60620 150,200 893
60617 149,800 893
60628 134,900 884
60621 120,400 912
60636 112,100 884

Factors Affecting Home Insurance Premiums in Chicago, IL

The average cost of homeowners insurance in Chicago, IL is $940. Various factors could help homeowners lower their home insurance premiums. vHome Insurance lists the factors that could help homeowners reduce their home insurance costs.

Chicago, IL Home Insurance Premium Based on the Number of Bedrooms | Back to Top

Bedroom Size Average Homeowners Insurance Cost($)
2 Bedroom 715
3 Bedroom 766
4 Bedroom 1,634
5 Bedroom 1,736

Chicago, IL Home Insurance Premiums for Different Deductibles | Back to Top

Homeowners with a deductible of $500 pay a much higher amount on their home insurance premium, while homeowners who pay a deductible of $2500 pay a much lower amount on their home insurance premium as seen in the table below.

Deductible Type Average Homeowners Insurance Cost($)
$500 Deductible 929
$1000 Deductible 840
$1500 Deductible 791
$2000 Deductible 718
$2500 Deductible 675

Chicago, IL Homeowners Insurance Premium Based on the Age of the Home | Back to Top

Homeowners in Chicago, IL pay a much lower home insurance rate if their homes are newly constructed. Homeowners with homes that are older than 50 years pay a much higher rate on their home insurance premium as seen in the table below.

Home Age Homeowners Insurance Cost($)
Newly Constructed Home 743
Year 30 Old 954
Year 40 Old 964
Year 50 Old 976
Above Year 50 985

Chicago, IL Homeowners Insurance Cost Based on the Construction Type of the Home | Back to Top

Construction Type Home Insurance Cost Savings($) Home Insurance Cost($)
Fire Resistive 113 827
Masonry 47 893
Brick 47 893
Superior 94 846
Hail Resistant Roof 28 912

Top Saving Tips on Chicago, IL Homeowners Insurance | Back to Top

Homes built using sturdy materials, which are highly resistant to damage, receive substantial discounts on homeowners’ insurance. Chicago, IL homeowners can also bundle their home insurance policy with auto insurance to receive more discounts. Apart from this, home insurance companies tend to provide discounts to homes equipped with security features that make them less prone to burglaries. Senior citizens residing in households earn a considerable amount of discounts on homeowners insurance.

The tables below contain the complete list of discounts that Chicago, IL homeowners can take advantage of to increase their savings.

Chicago, IL Auto & Homeowners Insurance Bundling Discounts and Senior Citizen Discounts

Discount Type Home Insurance Cost Savings($) Home Insurance Cost($)
Bundle Discount 160 780
Retiree Discount (Senior Citizen Discount) 132 1,072
Newly Constructed Home 197 743

Chicago, IL Home Insurance Discounts for Home Safety Devices | Back to Top

Home Safety Devices Home Insurance Cost Savings($) Home Insurance Cost($)
Deadbolts 94 846
Fire Extinguishers 66 874
Smoke Detectors 85 855
Sprinkler System 94 846
Fire Alarm 47 893
Burglar Alarm 85 855
Lightning Protection 19 921

Latest Home Insurance Reviews

They are a bit slower with service. Rates are high but they are responsive and handle claims well in my prior experience.
State Farm
5- ease of communication, in handling claims (rental car damage, vehicle was broken in to). dealing with the adjustor, getting questions answered, helping with the steps in which to complete the claims. getting questions answered on new quotes for adding vehicles. making adjustments to the existing policy. their friendly and make it simple to obtain insurance and feel that we're covered.
All insurance premiums cost the same. There is no comparison. Insurance companies are trash and over-charge for services you will never use.
I would definitely recommend this to everyone because their customer service is really good. They actually listen to you and they provide you the best they can.
We only had about 2 or 3 claims in all these years, but they were solved very quickly without any complaints.
My agent seems to care about me as a customer. The few times I have needed to contact the local office, I have had a courteous conversation that answered my questions accurately.
I have yet to make a claim on my home owner's insurance and therefore do not have a strong opinion on their level of customer service. I have no complaints regarding our interaction thus far.
Homesite Insurance
I believe that my home insurance premium and deductible is comparable to other companies. I am satisfied with the cost and have never had a reason to shop or change insurers.
The insurance offerings seem the same as other insurance companies nothing stands out as anything really new or different. Solid company with good products.
Geico's coverage is by far the best. Rates are incomparable as I have tried with a multitude of companies.
Farmer's Insurance
It is so deductible compare to other insurance and also it is very helpful to maintain insurance.
Travelers insurance deductibles are an important part of any home insurance policy. he higher your homeowners insurance deductible, the lower your premium will be. But i do no how others companies offering.
Farmer's Insurance
My insurance company is fair in it's offerings and the policy they offer me for my home. The premium is not bad compared to the coverages I have in my policy.
The deductible is around the same as the ranges given for other comparable companies. I think that it is somewhat reasonable, could be lower, but that is the same for all companies.
We review annually our insurance and AAA always seems to have some of the most competitive rates among the others we consider.
American Family Insurance
American Family Insurance Company has a great customer service. They provide a very good relationship to their customers.
My insurance company does offer competitive rates compared to most of the bigger companies. I shopped around for a while, and my mortgage company recommended them to me.
State Farm
We have had State Farm for the last 5 years in the three states we have lived. We filed a claim when my car was stolen from our garage. They were very helpful and processed our claim quickly.they also took care of that. No complaints.
State Farm
State farm's website is very hard to navigate. sometimes you have to search for what you need to find and i have had to call their customer service to get help.
Homesite Insurance
I do not receive any promotional materials from homesite, which would be okay for some, but the lack of marketing materials and contact from the company leaves me wondering if there are additional options available from the company that i may not be aware that would better serve me or improve my coverage.
State Farm
I am satisfied with my premium. I searched far and wide and was unable to find a premium that was any lower. Infact, this one was the lowest by around $100.
Homesite Insurance
When filing a claim for water damage, homesite was very empathetic to our situation and very helpful in providing all necessary information to start fixing our home.
It's easy to use, I know exactly what is covered, and they have an app so claims are extremely simple to submit. I can set up auto-pay and it happens automatically I don't need to worry about anything
State Farm
There really isn't anything that I dislike about my company. Everything is great with them and I’ve never had an issue with them.
Homesite Insurance
Not very happy with their website; minimal information is available. I think they are trying to cut costs so they have a crappy website.
Grange Insurance
I wish that I was able to communicate with the app. The communication otherwise depends on me contacting them with any questions and that usually has a good result.
State Farm
I do not remember what my premium was for my last company. I must not have been satisfied since I switched to State Farm. I think the premium I pay is fair.
It's the most well-established company, that had the most reasonable premiums I could find. The website is user-friendly, and I haven't had any problems so far.
American Family
I really enjoy the company's website. It is very easy to use and navigate which I can really appreciate. The layout is simple and easy to understand. It is not slow and I have never had a problem with it.
They are awesome. You can always get someone on the phone and they are very friendly and helpful. They aren't trying to rush through your call. You feel appreciated for being their customer.
State Farm
I can't think of anything I dislike about this company, I have used them for years for auto and now they're insuring my first home and I appreciate the ease and friendliness.
They have only been my insurance company for less than a year, so I have no claims experience with them. This makes me nervous because I do not know if they will be a hassle to deal with if I ever have to make a claim. At least with my previous insurance company, I knew how they were with claims.
I would recommend AAA as home insurance company as I have found them to be reasonably priced with more than enough coverage. I think that AAA is a reliable company that actually keeps the client in mind when making decisions. I also use their car coverage for tow and roadside assistance and have had nothing but positive interactions with them.
American Family Insurance
I am satisfied. I would give then an 4. There are a few things I have issues with but for the most part they're great.
Homesite Insurance
The coverage I have is very good for the premium that I am paying. I also got an extra $5000 worth of basement water coverage for just over $56 a year which I thought was inexpensive.
Amica Mutual Insurance
Easy to deal with and contact. Good billing, invoice system. Responsive to claims. Able to access a lot of information regarding my insurance on the app and on the website.
Farmer's Insurance
They are very professional. They are very helpful. Communication with them is easy because I can email them and I receive a response within 24 hours.
Farmer's Insurance
The prices are very reasonable and the service has been good.
There should be some coverage for burglary and theft. It is better if they also cover the damage done by natural disaster.