Elgin, IL Home Insurance - Analysis On Quotes, Rates & Agents
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.
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
| Place | Savings For Senior Occupied Homes |
|---|---|
| Elgin | $116 to $118 |
| South Elgin | $118 |
| Sleepy Hollow | $125 |
| Bartlett | $123 |
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
| 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 |
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 FarmTHEY HAVE BEEN AROUND FOR A LONG TIME AND HAVE PRETTY GOOD CUSTOMER SERVICE. THE COVERAGE OFFERED IS GOOD BUT THE PREMIUMS CAN BE A LITTLE HIGH.
Erie InsuranceWhen 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 InsuranceI 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 InsuranceSo far we have not had any problems with them so I would recommend them because we have had no problems
Erie InsuranceI've had homeowners with other houses in other states, and the offerings are equal to or above those other companies
Geicoas 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 FarmMy insurance agents are very friendly, and i enjoy working with them a lot. always positive and cheery when i speak with them.
State FarmI 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 InsuranceI’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 FamilyWe've had good customer service since signing up for the insurance. We have not had to submit a claim yet though.
State FarmTheir 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.
NationwideMy agent is super helpful whenever I have a problem. I also get discounts because I have auto insurance as well.
AllstateNothing 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 FarmThey're annoying and keep trying to take my money. I would change companies if I could but everyone else are more expensive.
State FarmI 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.
TravelersI'm very happy with the company overall. They have great rates and even better service. I never have to worry about them
Erie InsuranceI am very happy with my insurance company. I am glad that we chose to go with them for both home and auto insurance.
Erie InsuranceI 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 FinancialI 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 InsuranceI 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 Farmi 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 InsuranceOverall I like everything about the company. They are professional and eager to help me and answer all my questions. The premiums are ok.
American FamilyThey 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 FamilyThey do what they need to do and offer an affordable product with above average service