Elgin, IL - Data on Home Insurance Quotes, Rates & Agents
Elgin, IL Home Values & Insurance Rates
| Elgin, IL Home Value | Total Homes | % of Total | Average Homeowners Insurance |
|---|---|---|---|
| Less than $50,000 | 790 | 3.0% | $100 |
| $50,000 to $59,999 | 245 | 1.0% | $209 |
| $80,000 to $89,999 | 285 | 1.0% | $341 |
| $90,000 to $99,999 | 455 | 1.0% | $379 |
| $100,000 to $124,999 | 2,117 | 8.0% | $441 |
| $125,000 to $149,999 | 2,285 | 9.0% | $558 |
| $150,000 to $174,999 | 3,679 | 15.0% | $658 |
| $175,000 to $199,999 | 3,556 | 14.0% | $759 |
| $200,000 to $249,999 | 4,627 | 19.0% | $914 |
| $250,000 to $299,999 | 2,895 | 12.0% | $1116 |
| $300,000 to $399,999 | 2,645 | 11.0% | $1418 |
Top Home Insurance Agents Near Elgin, IL
| Home Insurance Company Near Elgin, IL | Homeowners Insurance Agency Near Elgin, IL | Address |
|---|---|---|
| State Farm | Marguerita Morgan | 515 E 79th St, Chicago, IL, 60619-3001 |
| State Farm | Mike Lucas | 204 Genesis Dr, North Aurora, IL, 60542-2701 |
| State Farm | Tim Park | 361 Bonnie Ln, Elk Grove Vlg, IL, 60007-1915 |
| Travelers | Fox Valley Insurance Center | 2 GREEN HILLS CT, SUGAR GROVE, IL, 60554 |
| Farmers | George Behr | 530 Barron Blvd Ste B, Grayslake, IL, 60030 |
Estimated Home Insurance By Street Area Near Elgin, IL
| Elgin Area | Estimated House Insurance |
|---|---|
| Waverly Ct S, Willoby Ln, Douglas Rd, Carmella Ln, Foxglove, Sharon Ct, Hampshire Dr, Chaparral Cir, Knoll Crest Dr, Chapel Hill Dr | $762 |
| Pondview Dr, Springhill Ct, Lucile Ave, Nina Ln, Prestbury Dr, McDonough Rd, Palisades Ln, Jones Dr, Moorehead Dr, Timber Ct | $785 |
| Buchanan Ln, Christopher Ct, Patricia Pkwy, Ford Ave, Tamarack Dr, Shawford Way, Countryfield Ln, Fox Path Ln, Mackinac Ln, Algona Ave | $788 |
| Stonehurst Dr, Little Creek Dr, Edgartown Ln, Shotkowski Dr, Truman Ln, Colchester Ave, Langtry Ct, Sebring Dr, Thornbury Rd, Longford Dr | $817 |
| Bennet Dr, Ascot Ln, Thoreau Dr, Topaz Ln, Anderson Ave, Martin Dr, Borden Dr, Houston Ave, Monarch Dr, Eagle Ct | $765 |
Savings on home insurance for senior occupied homes
| Place | Savings |
|---|---|
| Elgin | $116 to $118 |
| South Elgin | $118 |
| Sleepy Hollow | $125 |
| Bartlett | $123 |
Elgin, IL Home Insurance as a % of Housing Cost
| Place | Home insurance as a % of housing cost for homes with mortgage | Home insurance as a % of housing cost for homes without mortgage |
|---|---|---|
| Elgin, IL | 3.6% | 9.6% |
| South Elgin | 3.35% | 9.43% |
| Sleepy Hollow | 2.7% | 8.33% |
| Bartlett | 2.98% | 8.81% |
Elgin Renters Insurance as a Percentage of Rent
| Elgin Home By Monthly Rent | Total Homes | % of Total | Estimated Monthly Income To Afford Rented House Including Renters Insurance |
|---|---|---|---|
| Less than $200 | 110 | 1.0% | $331 |
| $200 to $299 | 360 | 3.0% | $781 |
| $300 to $499 | 518 | 5.0% | $1231 |
| $500 to $749 | 1,680 | 16.0% | $1906 |
| $750 to $999 | 3,314 | 33.0% | $2656 |
| $1,000 to $1,499 | 2,982 | 29.0% | $3781 |
| $1,500 or more | 1,032 | 10.0% | $5431 |
Elgin, IL Home Insurance Costs With Deductible Scenario
| Low Deductible | High Deductible | |
|---|---|---|
| Deductible | $1,100 | $4,100 |
| Yearly Elgin Homeowner Insurance Premium Example | $2,100 | $1,500 |
| Out of Pocket Expense During Claim | $1,100 | $4,100 |
| Total Home Insurance Premium for 8 years + Out of Pocket Expense for Claim | $17,900 | $16,100 |
| Net Savings to Elgin Home Owner from High Deductible Plan | $1,800 | |
Elgin, IL Home Insurance Costs With Home Replacement Value Scenarios
| Scenario | Elgin, IL Home Replacement Value MORE than Home Value | Elgin, IL Home Replacement Value LESS than Home Value |
|---|---|---|
| Replacement Value | $286,500 | $194,500 |
| Insurance Premium based on Replacement Value | $1,700 | $1,150 |
| Risk Exposure from Under Insuring Coverage | Unnecessary Home Insurance Coverage of $61,500 | Risk Exposure from Under Insuring Coverage is $30,500 |
| Premium Impact | Insurance cheaper by $200/year | Insurance costlier by $350/year |
Example Elgin Homeowners Insurance Comparison Table to Compare The Cheapest Quotes
| Insurance Company | Chubb Group of Insurance | Erie Insurance | Liberty Mutual |
| Monthly Premium | 70 | 75 | 319 |
| Year Built | 2002 | 1964 | 1989 |
| Home Details | 3 Beds, 2 Baths | 4 Beds, 1 Baths | 5 Beds, 3 Baths |
| Coverage Amount | $175000-$200000 | $300000-$350000 | $600000-$700000 |
| Deductible | $1000-$2500 Deductible | > $10,000 Deductible | $500 Deductible |
Elgin, IL Auto & Home Insurance Bundling Discounts
| Place | 1 Car Bundle Savings | 2 Car Bundle Savings | 3 Car Bundle Savings |
|---|---|---|---|
| South Elgin village, Illinois | $99 | $131 | $197 |
| Sleepy Hollow village, Illinois | $105 | $139 | $209 |
| Bartlett village, Illinois | $103 | $137 | $206 |
Sample Home Insurance Rates for Elgin, IL from Consumer Reviews & Surveys
| Year Built | Home Value | Roof Type | Sqft | Number of Bedrooms | Deductible | Premium | Premium Months | Siding Type | Smoker/Non Smoker |
|---|---|---|---|---|---|---|---|---|---|
| 1960 | 255,000 | Asphalt Shingles Roof | 2,400 | 4 | > $10,000 Deductible | 590 | 12 | Fiber-Cement Siding | yes |
| 1963 | 150,000 | Tile Roof | 1,710 | 4 | $500- $1000 Deductible | 150 | 3 | Wood siding | No |
| 1993 | 360,000 | Asphalt Shingles Roof | 3,150 | 5 | > $10,000 Deductible | 90 | 1 | Wood siding | yes |
| 2014 | 345,000 | Slate Shingles Roof | 3,170 | 4 | $500- $1000 Deductible | 880 | 6 | Fiber-Cement Siding | yes |
| 1967 | 235,000 | Metal Roof | 2,280 | 4 | > $10,000 Deductible | 60 | 1 | Brick siding | No |
| 1983 | 550,000 | Asphalt Shingles Roof | 4,920 | 5 | > $10,000 Deductible | 1090 | 7 | Vinyl siding | No |
| 2014 | 225,000 | Tile Roof | 1,830 | 3 | $500- $1000 Deductible | 860 | 9 | Vinyl siding | yes |
| 1981 | 535,000 | Asphalt Shingles Roof | 4,290 | 5 | > $10,000 Deductible | 170 | 2 | Vinyl siding | yes |
| 2000 | 255,000 | Metal Roof | 2,080 | 3 | $5000 to $10,000 Deductible | 120 | 2 | Stone Siding | No |
| 1989 | 145,000 | Membrane Roof | 1,474 | 3 | $5000 to $10,000 Deductible | 1120 | 12 | Vinyl siding | yes |