Niles ,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 Niles, 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 Niles, IL is $2153. Enter your zipcode below and click “GO” to get multiple free quotes.
It is important to understand the different coverage options available in Niles, IL. VHome Insurance will help you navigate the world of homeowners insurance coverages in Niles, IL.
| Coverage Level | Average Annual Premium |
|---|---|
| $100,000 | $861 |
| $200,000 | $1,464 |
| $300,000 | $1,809 |
| $400,000 | $2,756 |
| $500,000 | $3,466 |
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 Niles, IL, and how to choose the right one for your needs.
| Deductible Level | Average Annual Premium |
|---|---|
| $500 Deductible | $2,207 |
| $1000 Deductible | $1,974 |
| $1500 Deductible | $1,862 |
| $2500 Deductible | $1,679 |
| $5000 Deductible | $1,421 |
| Home Insurance Company Near Niles, IL | Homeowners Insurance Agency Near Niles, IL | Address |
|---|---|---|
| Allstate | Asim Hamidi | 507 Fairway Dr Ste 119, Naperville, IL, 60563 |
| Travelers | Four Winds Insurance Services Llc | 20635 ABBEY WOODS CT STE 303, FRANKFORT, IL, 60423 |
| Travelers | Manta & Hurst Inc | 3026 45TH AVE, HIGHLAND, IN, 46322 |
| Travelers | Neis Insurance Agency Inc | 45 N Virginia Street, Crystal Lake, IL, 60014 |
| Travelers | Stringham Insurance Agency Ltd | 19646 Wolf Road, Mokena, IL, 60448 |
| Place | 1 Car Bundle Savings On Insurance | 2 Car Bundle Savings On Insurance | 3 Car Bundle Savings On Insurance |
|---|---|---|---|
| Skokie village, Illinois | $104 | $139 | $208 |
| Morton Grove village, Illinois | $105 | $140 | $210 |
| Lincolnwood village, Illinois | $109 | $145 | $218 |
| Place | Home insurance as a % of housing cost for homes with mortgage | Home insurance as a % of housing cost for homes without mortgage |
|---|---|---|
| Niles, IL | 3.0% | 9.5% |
| Skokie | 2.97% | 9.38% |
| Morton Grove | 3.16% | 9.63% |
| Lincolnwood | 2.46% | 7.27% |
| Niles Home By Monthly Rent | Total Homes | % of Total | Estimated Monthly Income To Afford Rented House Including Renters Insurance |
|---|---|---|---|
| Less than $200 | 174 | 2.0% | $298 |
| $200 to $299 | 125 | 1.0% | $748 |
| $300 to $499 | 209 | 2.0% | $1198 |
| $500 to $749 | 523 | 6.0% | $1873 |
| $750 to $999 | 1,856 | 24.0% | $2623 |
| $1,000 to $1,499 | 2,990 | 39.0% | $3748 |
| $1,500 or more | 1,621 | 21.0% | $5398 |
| Streets in Niles Area | Homeowners Insurance Cost |
|---|---|
| Frontage Rd E, Farwell Ave, Longmeadow Ave, Little Oak Path, N Rosemary Ave, W Cleveland St, Floral Ave, Harvard Ter, Highland Pl, George Ct | $903 |
| Avalon Dr, N Lexington Ln, N Minnehaha Ave, N Capitol Dr, Loyola Ave, McVickers Ave, Louise Ave, Wright Ter, E Prairie Rd, Rollwind Rd | $831 |
| Niles Ave, Elmwood St, Harmswood Ter, Manor Ct, N Rosemary Ln, Ferris Ave, Kenneth Ter, Marmora Ave, Bobolink Ter, W Niles Ave | $830 |
| Coronet Rd, Russett Ln, Cherry Pkwy, Salem Cir, Little Elm Bend, Four Winds Way, Salem Ln, N Days Ter, N Franks Ave, Clifford Ter | $813 |
| N Shermer Rd, Williamsburg Rd, N Bellefort Pl, Suffield Ter, Fernald Ave, W Lee St, Hamton Ave, Hennings Ct, W Mulford St, Keeney Ct | $819 |
| Place | Savings For Senior Occupied Homes |
|---|---|
| Niles | $125 to $128 |
| Skokie | $125 |
| Morton Grove | $126 |
| Lincolnwood | $130 |
| Low Deductible | High Deductible | |
|---|---|---|
| Deductible | $800 | $2,800 |
| Yearly Niles Homeowner Insurance Premium Example | $1,600 | $1,100 |
| Out of Pocket Expense During Claim | $800 | $2,800 |
| Total Home Insurance Premium for 5 years + Out of Pocket Expense for Claim | $8,800 | $8,300 |
| Net Savings to Niles Home Owner from High Deductible Plan | $500 | |
| Scenario | Niles, IL Home Replacement Value MORE than Home Value | Niles, IL Home Replacement Value LESS than Home Value |
|---|---|---|
| Replacement Value | $298,500 | $194,500 |
| Insurance Premium based on Replacement Value | $1,550 | $1,000 |
| Risk Exposure from Under Insuring Coverage | Unnecessary Home Insurance Coverage of $72,000 | Risk Exposure from Under Insuring Coverage is $32,000 |
| Premium Impact | Insurance cheaper by $175/year | Insurance costlier by $375/year |
| Insurance Company | GEICO Insurance | Farmers Insurance | Chubb Group of Insurance |
| Monthly Premium | 148 | 153 | 110 |
| Year Built | 1967 | 1974 | 1961 |
| Home Details | 3 Beds, 1 Baths | 4 Beds, 2 Baths | 5 Beds, 4 Baths |
| Coverage Amount | $350000-$400000 | $400000-$500000 | $300000-$350000 |
| Deductible | $1000-$2500 Deductible | $500 Deductible | $2500-$5000 Deductible |