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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

PlaceSavings
Elgin$116 to $118
South Elgin$118
Sleepy Hollow$125
Bartlett$123

Elgin, IL Home Insurance as a % of Housing Cost

PlaceHome insurance as a % of housing cost for homes with mortgageHome insurance as a % of housing cost for homes without mortgage
Elgin, IL3.6%9.6%
South Elgin3.35%9.43%
Sleepy Hollow2.7%8.33%
Bartlett2.98%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 DeductibleHigh 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 InsuranceErie InsuranceLiberty Mutual
Monthly Premium 7075319
Year Built 200219641989
Home Details 3 Beds, 2 Baths4 Beds, 1 Baths5 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