Downers Grove ,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 Downers Grove, 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 Downers Grove, IL is $1615. Enter your zipcode below and click “GO” to get multiple free quotes.
It is important to understand the different coverage options available in Downers Grove, IL. VHome Insurance will help you navigate the world of homeowners insurance coverages in Downers Grove, IL.
| Coverage Level | Average Annual Premium |
|---|---|
| $100,000 | $646 |
| $200,000 | $1,098 |
| $300,000 | $1,357 |
| $400,000 | $2,067 |
| $500,000 | $2,600 |
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 Downers Grove, IL, and how to choose the right one for your needs.
| Deductible Level | Average Annual Premium |
|---|---|
| $500 Deductible | $1,656 |
| $1000 Deductible | $1,481 |
| $1500 Deductible | $1,397 |
| $2500 Deductible | $1,260 |
| $5000 Deductible | $1,066 |
| Home Insurance Company Near Downers Grove, IL | Homeowners Insurance Agency Near Downers Grove, IL | Address |
|---|---|---|
| Allstate | Asim Hamidi | 507 Fairway Dr Ste 119, Naperville, IL, 60563 |
| Travelers | Horn Mcgowan Insurance Agency | 10600 W Higgins Rd Ste 524, Rosemont, IL, 60018 |
| Farmers | James Constantine | 15127 S 73rd Ave Ste D1, Orland Park, IL, 60462 |
| Farmers | James Mcnicholas | 120 N York St, Elmhurst, IL, 60126 |
| Farmers | Josefina Magallanes | 423 Gostlin St, Hammond, IN, 46327 |
| Place | 1 Car Bundle Savings On Insurance | 2 Car Bundle Savings On Insurance | 3 Car Bundle Savings On Insurance |
|---|---|---|---|
| Darien city, Illinois | $104 | $139 | $208 |
| Willowbrook village, Illinois | $102 | $135 | $203 |
| Westmont village, Illinois | $103 | $137 | $205 |
| Place | Home insurance as a % of housing cost for homes with mortgage | Home insurance as a % of housing cost for homes without mortgage |
|---|---|---|
| Downers Grove, IL | 3.1% | 9.3% |
| Darien | 3.51% | 9.37% |
| Willowbrook | 3.08% | 9.24% |
| Westmont | 3.49% | 9.35% |
| Downers Grove Home By Monthly Rent | Total Homes | % of Total | Estimated Monthly Income To Afford Rented House Including Renters Insurance |
|---|---|---|---|
| Less than $200 | 176 | 1.0% | $290 |
| $300 to $499 | 195 | 1.0% | $1190 |
| $500 to $749 | 932 | 7.0% | $1865 |
| $750 to $999 | 5,016 | 40.0% | $2615 |
| $1,000 to $1,499 | 3,777 | 30.0% | $3740 |
| $1,500 or more | 2,229 | 17.0% | $5390 |
| Streets in Downers Grove Area | Homeowners Insurance Cost |
|---|---|
| Independence Ave, Otis Ave, Kingery Hwy, Hinsdale Ave, Gail Ave, Hanover St, Charleston Dr, Hiddenview Dr, Maumell St, Regal Ct | $1,003 |
| Concord Pl, Sheridan Dr, King Arthur Ct, E 56th St, Banchory Ct, Knoll Wood Dr, Cove Ln, Robey Ave, Warren Ct, Tower Rd | $796 |
| Circle Ridge Ct, Belleaire Ln, Middleton Rd, S Adams St, Monroe St, Sterling Rd, Brittany Ct, Nantucket Dr, 99th St, Clarendon Ct | $813 |
| Wallen Pl, Valley Forge Ct, Knoll Wick Rd, Morton Ave, 97th St, Sussex Creek Dr, Chapman Dr, Iroquois St, Meadow Ct, Walredon Ave | $1,000 |
| Macarthur Dr, Shiloh Ct, N Wilmette Ave, Sheridan Ave, Pine Cove Ct, Center Cir, Brandon Rd, W Irving St, Hawkins Ave, Mockingbird Ln | $876 |
| Nelson Ln, Exton St, Sutton Pl, Ainslie Ct, N Madison St, W Chestnut St, Sandalwood Ct, Newport Ave, Liberty Blvd, Comstock Ln | $1,053 |
| Capra Trl, Dartmouth Ln, Beechwood Dr, Bunning Dr, Berkshire Ln, Virginia St, Edgewood Dr, Sawmill Creek, Elizabeth Ln, Eldon Pl | $817 |
| Northcott Ave, Seminole Ct, Springside Ave, E Hidden View Dr, Abbey Dr, Barclay Ct, Hinsbrook Ave, White Pl, Sherwood Ave, W 55th Pl | $830 |
| Cascade Ct W, Saylor St, Norfolk St, Clynderven Rd, Abbey Ct, Trenton Ln, 67th Ct, Rising Ct, Arthur Ave, Plymouth St | $784 |
| Chalet Cir, Lake Hinsdale Dr, Wallbank Ave, Carlisle Ave, Taylor St, S Monroe St, Clover Ln, N Bruner St, Bradley Ct, Lester Ln | $1,057 |
| Place | Savings For Senior Occupied Homes |
|---|---|
| Downers Grove | $127 to $130 |
| Darien | $125 |
| Willowbrook | $122 |
| Westmont | $123 |
| Low Deductible | High Deductible | |
|---|---|---|
| Deductible | $700 | $1,700 |
| Yearly Downers Grove Homeowner Insurance Premium Example | $2,100 | $1,900 |
| Out of Pocket Expense During Claim | $700 | $1,700 |
| Total Home Insurance Premium for 8 years + Out of Pocket Expense for Claim | $17,500 | $16,900 |
| Net Savings to Downers Grove Home Owner from High Deductible Plan | $600 | |
| Scenario | Downers Grove, IL Home Replacement Value MORE than Home Value | Downers Grove, IL Home Replacement Value LESS than Home Value |
|---|---|---|
| Replacement Value | $365,500 | $264,000 |
| Insurance Premium based on Replacement Value | $2,125 | $1,525 |
| Risk Exposure from Under Insuring Coverage | Unnecessary Home Insurance Coverage of $54,000 | Risk Exposure from Under Insuring Coverage is $47,500 |
| Premium Impact | Insurance cheaper by $275/year | Insurance costlier by $325/year |
| Insurance Company | Amica Mutual Insurance Company | Chubb Group of Insurance | GEICO Insurance |
| Monthly Premium | 245 | 57 | 108 |
| Year Built | 1991 | 1966 | 2013 |
| Home Details | 5 Beds, 3 Baths | 3 Beds, 2 Baths | 2 Beds, 1 Baths |
| Coverage Amount | $700000-$800000 | $300000-$350000 | $300000-$350000 |
| Deductible | $2500-$5000 Deductible | > $10,000 Deductible | $500 Deductible |