Elgin Insurance Rates:

Elgin, IL homeowners insurance is about $658 to $893, about $54-$74/month. Our comprehensive analysis shows customers can save as much as $310 by getting multiple quotes. Enter your zipcode below and click “GO” to get multiple free quotes.

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Save on Elgin, IL, Home Insurance Using These Discounts

In Elgin, Illinois, homeowners pay an average home insurance rate of $833. Elgin homeowners can use the discounts offered by home insurance companies to reduce their home insurance rates. Below is a list of the discounts provided to Elgin homeowners that they can take advantage of to save on home insurance.


Newly constructed Elgin homes can avail of discounts of up to $208 on homeowners insurance. New homes have a low propensity to damage. As a result, home insurance companies offer substantial discounts to newly built homes. In contrast, older homes attract higher insurance rates. Elgin homes older than 40 and 50 years receive an additional charge of $22 and $40, respectively, on home insurance.

Home insurance companies consider the lifestyle of homeowners to determine insurance rates. If all the household residents are non-smokers, insurance companies offer special discounts on home insurance rates. Elgin homeowners who own a swimming pool can attract an additional insurance cost of up to $50. Installing a fence around the pool with self-latching and self-closing gates will help homeowners receive discounts from home insurance companies. Additionally, senior citizens in Elgin also receive discounts on home insurance.

Although most of the factors to avail discounts are not under the purview of homeowners, they can still benefit by choosing deductibles to reduce home insurance rates. Homeowners can avail of attractive discounts by opting for higher deductibles. Elgin homeowners opting for a high deductible of $2,500 can avail of a discount of $234 on homeowners insurance. Homeowners receive discounts of $196 and $132, respectively, on deductibles of $2,000 and $1,500.

Home insurance companies provide discounts to homeowners who have a claims-free history. On the other hand, homeowners with prior claims can attract an additional charge on their home insurance premiums. The cost of home insurance in Elgin increases by up to 44% based on the nature and number of claims. Elgin homeowners who have a history of two fire claims and two water claims attract an additional charge of $349 and $274, respectively.

Elgin, IL Homeowners Insurance By Home Value

Elgin, IL Home Value Total Homes % of Total Average Elgin, IL 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
Travelers Fox Valley Insurance Center 2 GREEN HILLS CT, SUGAR GROVE, IL, 60554
Farmers George Behr 530 Barron Blvd Ste B, Grayslake, IL, 60030
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

Elgin, IL Home Insurance Agents for Top Companies

Cost Of Homeowners Insurance By Street Near Elgin, IL

Streets in Elgin Area Homeowners Insurance Cost
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

Elgin, IL Home Insurance Savings For Senior Occupied Homes

PlaceSavings For Senior Occupied Homes
Elgin$116 to $118
South Elgin$118
Sleepy Hollow$125

Elgin, IL Auto & Homeowners Insurance Bundling Discounts

Place 1 Car Bundle Savings On Insurance 2 Car Bundle Savings On Insurance 3 Car Bundle Savings On Insurance
South Elgin village, Illinois $99 $131 $197
Sleepy Hollow village, Illinois $105 $139 $209
Bartlett village, Illinois $103 $137 $206

Elgin, IL Area 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%

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
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

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
1984 290,000 Membrane Roof 2,370 3 $1000-$2500 Deductible 400 3 Stone Siding yes
1941 240,000 Metal Roof 2,560 4 > $10,000 Deductible 170 3 Wood siding No
1991 285,000 Membrane Roof 3,300 4 $2500-$5000 Deductible 580 6 Stucco siding No
2006 330,000 Slate Shingles Roof 3,130 4 $500- $1000 Deductible 1100 7 Fiber-Cement Siding No
2009 260,000 Asphalt Shingles Roof 2,610 5 > $10,000 Deductible 360 6 Wood siding No
2010 360,000 Metal Roof 2,830 4 $500 Deductible 1180 8 Stucco siding No
1949 295,000 Metal Roof 2,350 3 $2500-$5000 Deductible 850 10 Wood siding No
1990 420,000 Tile Roof 4,690 5 $500 Deductible 170 1 Stone Siding No
1968 220,000 Membrane Roof 1,730 5 $5000 to $10,000 Deductible 710 12 Stone Siding yes
1993 260,000 Membrane Roof 2,020 3 $2500-$5000 Deductible 110 1 Brick siding yes
1942 220,000 Membrane Roof 2,070 4 $500- $1000 Deductible 320 4 Brick siding yes
1947 225,000 Wood Shake Roof 1,770 4 $1000-$2500 Deductible 80 1 Vinyl siding No
1941 170,000 Shingles Roof 1,620 4 $500- $1000 Deductible 120 2 Stucco siding yes
2012 215,000 Slate Shingles Roof 1,820 4 $500- $1000 Deductible 830 10 Stucco siding No
2013 245,000 Metal Roof 2,150 3 > $10,000 Deductible 640 10 Stone Siding yes
2007 165,000 Slate Shingles Roof 1,720 5 $2500-$5000 Deductible 430 7 Brick siding No
1942 570,000 Shingles Roof 4,660 5 $2500-$5000 Deductible 970 7 Vinyl siding No
2010 270,000 Slate Shingles Roof 2,590 4 > $10,000 Deductible 380 8 Fiber-Cement Siding yes
1961 380,000 Shingles Roof 3,640 5 $500- $1000 Deductible 1000 6 Stone Siding No
1963 215,000 Shingles Roof 1,740 3 $2500-$5000 Deductible 560 9 Vinyl siding yes
2011 150,000 Tile Roof 1,470 3 $500- $1000 Deductible 220 3 Stone Siding No
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

Latest Home Insurance Reviews

State Farm
Erie Insurance
When we filed a claim the adjuster who came was knowledgeable, friendly and efficient. we had a check for the repair damages within three business days.
American Family Insurance
I would recommend this company for home insurance.Its good service and nice offer provided for customers.They offer way cheaper deals from other home insurances.
American Family Insurance
So far we have not had any problems with them so I would recommend them because we have had no problems
Erie Insurance
I've had homeowners with other houses in other states, and the offerings are equal to or above those other companies
as far as working with geico as a home insurance company they are very easy to work with and their policy offerings are very open and available for different needs and situations.
State Farm
My insurance agents are very friendly, and i enjoy working with them a lot. always positive and cheery when i speak with them.
State Farm
I do get tired of all the junk mail from them. i already have policies. what exactly are they trying to get out of me?
Farmer's Insurance
I’m very satisfied with them. I haven't had to file a claim yet thank goodness but I feel fairly confident that if ever I do, I’ll receive the kind of service and payment from them that I’ve come to expect.
American Family
We've had good customer service since signing up for the insurance. We have not had to submit a claim yet though.
State Farm
Their price is better than other companies, but I think it's still too expensive. We are moving into a house twice the size of ours this summer, and our premium will actually go down because the house is newer.
My agent is super helpful whenever I have a problem. I also get discounts because I have auto insurance as well.
Nothing to compare to other company insurance and in this company was paid an amount is a due method it's very comfortable to me
State Farm
They're annoying and keep trying to take my money. I would change companies if I could but everyone else are more expensive.
State Farm
I like how easy everything is for the company. I've never had a bad experience, so there's really nothing to not like. There's support is easy to deal with, and I always feel like I'm treated fairly.
I'm very happy with the company overall. They have great rates and even better service. I never have to worry about them
Erie Insurance
I am very happy with my insurance company. I am glad that we chose to go with them for both home and auto insurance.
Erie Insurance
I would recommend them because you get your own personalized agent and only deal with them. This money comes directly out of my escrow so I don't have to worry about paying it. The price is absolutely amazing.
Country Financial
I would recommend that anyone looking for an insurance company check elsewhere first. They are a smaller company. Their prices are not the best.
Amica Mutual Insurance
I don't know much about others companies as this is the only one we've ever used, but they've offered all we could ask for.
State Farm
i would rate it as a 2 sometimes its okay and sometimes its not. I think when it time to put in for an insurance claim they put you through to much red tape
Homesite Insurance
Overall I like everything about the company. They are professional and eager to help me and answer all my questions. The premiums are ok.
American Family
They are located nearby, friendly service and easy cooperation with representatives. fast service, professional vendors. They handled all claims promptly and efficiently, and are client oriented. Claims and work done exceeded my expectations.
American Family
They do what they need to do and offer an affordable product with above average service

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