Joliet ,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 Joliet, 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 Joliet, IL is $2034. Enter your zipcode below and click “GO” to get multiple free quotes.
It is important to understand the different coverage options available in Joliet, IL. VHome Insurance will help you navigate the world of homeowners insurance coverages in Joliet, IL.
| Coverage Level | Average Annual Premium |
|---|---|
| $100,000 | $814 |
| $200,000 | $1,383 |
| $300,000 | $1,709 |
| $400,000 | $2,604 |
| $500,000 | $3,275 |
Home insurance costs in Joliet can vary greatly based on location. The frequency of claims in your area can affect the cost of your policy. Simply put, the location of your home can significantly impact your homeowners insurance premium.
| Zipcode | Average Insurance Premium |
|---|---|
| 060431 | $1,949 |
| 60433 | $1,865 |
| 60432 | $1,875 |
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 Joliet, IL, and how to choose the right one for your needs.
| Deductible Level | Average Annual Premium |
|---|---|
| $500 Deductible | $2,085 |
| $1000 Deductible | $1,865 |
| $1500 Deductible | $1,759 |
| $2500 Deductible | $1,587 |
| $5000 Deductible | $1,342 |
| Home Insurance Company Near Joliet, IL | Homeowners Insurance Agency Near Joliet, IL | Address |
|---|---|---|
| Farmers | Corey Davis | 1632 W 95th St, Chicago, IL, 60643 |
| State Farm | David Im | 1245 Larkin Ave, Elgin, IL, 60123-6033 |
| Allstate | Douglas Butch Jeffries | 1703 Ogden Ave, Downers Grove, IL, 60515 |
| Farmers | James Jim Provinzino Csg Csp | 240 E Lake St Ste 205, Addison, IL, 60101 |
| State Farm | Wally Jasek | 12309 S Harlem Ave Ste B, Palos Heights, IL, 60463-1454 |
| Place | 1 Car Bundle Savings On Insurance | 2 Car Bundle Savings On Insurance | 3 Car Bundle Savings On Insurance |
|---|---|---|---|
| Troy township, Will County, Illinois | $98 | $131 | $196 |
| Rockdale village, Illinois | $95 | $126 | $189 |
| Shorewood village, Illinois | $100 | $133 | $200 |
| Place | Home insurance as a % of housing cost for homes with mortgage | Home insurance as a % of housing cost for homes without mortgage |
|---|---|---|
| Joliet, IL | 3.6% | 11.3% |
| Troy | 3.43% | 9.35% |
| Rockdale | 5.15% | 17.14% |
| Shorewood | 3.09% | 8.9% |
| Joliet Home By Monthly Rent | Total Homes | % of Total | Estimated Monthly Income To Afford Rented House Including Renters Insurance |
|---|---|---|---|
| Less than $200 | 457 | 3.0% | $334 |
| $200 to $299 | 424 | 3.0% | $784 |
| $300 to $499 | 852 | 7.0% | $1234 |
| $500 to $749 | 2,366 | 19.0% | $1909 |
| $750 to $999 | 3,972 | 32.0% | $2659 |
| $1,000 to $1,499 | 3,113 | 25.0% | $3784 |
| $1,500 or more | 869 | 7.0% | $5434 |
| Streets in Joliet Area | Homeowners Insurance Cost |
|---|---|
| Wildflower Ln, Burl Ct, S Centurion Ln, Indian Trl, Ann Dr, Jane Ct, Circle Court Dr, Arbor Falls Dr, Great Meadow Ln, Mustang Rd | $788 |
| Judy Ct, Flower St, Hayes St, W Park Ave, Hadrian Dr, Arch Ct, Winding Creek Rd, S Clover Ct, Silver Fox Dr, Sand Creek Ct | $774 |
| Stonebridge Ct, Mayfair Dr, Judith Dr, Hills Ave, Cherry Ridge Dr, Coghill St, Saint Jude Ave, Wyndstone Dr, Arbor Gate Dr, Henderson Ave | $791 |
| Mills Rd, Torwood Cir, Westnedge Ln, Blackhawk St, N Bluff St, Draper Ave, Susan St, Tiger Lily Ln, Forestgrove Dr, Story St | $751 |
| W Park St, Beckwith Ct, State St, Buck Ave, 1st Ave, Nowell Ave, Alana Dr, Jacob Ave, N Briggs St, Glasgow St | $788 |
| Vintage Dr, Rolling Wood Ct, Charity Ave, Bronk Rd, Ashwood Dr, Barthelme Ave, Bond Rd, Jack Rogers Ln, Byrum Blvd, Stone Creek Dr | $750 |
| Hel Mar Ln, Pamela Ct, Youngs Ave, Jamestown Rd, Northside Dr, Miami St, S Blackberry Ln, Lektorich Ln, E Silver Hill Cir, Heather Ln | $772 |
| Bajt Ln, Woodside Dr, Bayberry Ct, Ogden Rd, Sheila Dr, Linden Ave, Pathfinder Ln, S Thomas Dillon Dr, Wexford Ln, W Maggie Ln | $819 |
| Joe Adler Dr, Greenmeadow Ln, River St, Tanaga Basin, Ella Ave, Tanager Ln, Owl Dr, Cochrane Ave, Wildflower Ct, Eastern Ave | $820 |
| Sleepy Hollow Ln, Charlesworth Ave, W Orchard Ln, Alpine Way, Navajo Dr, Fiesta Dr, Fernwood Ave, Dunbar Ct, Dawes Ave, Jaguar Ct | $802 |
| Place | Savings For Senior Occupied Homes |
|---|---|
| Joliet | $115 to $117 |
| Troy | $117 |
| Rockdale | $113 |
| Shorewood | $120 |
| Low Deductible | High Deductible | |
|---|---|---|
| Deductible | $1,000 | $4,000 |
| Yearly Joliet Homeowner Insurance Premium Example | $1,000 | $500 |
| Out of Pocket Expense During Claim | $1,000 | $4,000 |
| Total Home Insurance Premium for 8 years + Out of Pocket Expense for Claim | $9,000 | $8,000 |
| Net Savings to Joliet Home Owner from High Deductible Plan | $1,000 | |
| Scenario | Joliet, IL Home Replacement Value MORE than Home Value | Joliet, IL Home Replacement Value LESS than Home Value |
|---|---|---|
| Replacement Value | $238,500 | $172,000 |
| Insurance Premium based on Replacement Value | $1,025 | $750 |
| Risk Exposure from Under Insuring Coverage | Unnecessary Home Insurance Coverage of $35,500 | Risk Exposure from Under Insuring Coverage is $31,000 |
| Premium Impact | Insurance cheaper by $125/year | Insurance costlier by $150/year |
| Insurance Company | Liberty Mutual | Allstate | Amica Mutual Insurance Company |
| Monthly Premium | 55 | 106 | 168 |
| Year Built | 2006 | 1965 | 1948 |
| Home Details | 3 Beds, 2 Baths | 4 Beds, 1 Baths | 5 Beds, 3 Baths |
| Coverage Amount | $150000-$175000 | $350000-$400000 | $400000-$500000 |
| Deductible | $2500-$5000 Deductible | $5000 to $10,000 Deductible | $500 Deductible |