Palatine, IL - Data on Home Insurance Quotes, Rates & Agents
Palatine, IL Home Values & Insurance Rates
| Palatine, IL Home Value | Total Homes | % of Total | Average Homeowners Insurance |
|---|---|---|---|
| Less than $50,000 | 691 | 3.0% | $66 |
| $80,000 to $89,999 | 316 | 1.0% | $224 |
| $100,000 to $124,999 | 1,046 | 4.0% | $298 |
| $125,000 to $149,999 | 1,074 | 4.0% | $373 |
| $150,000 to $174,999 | 1,682 | 7.0% | $439 |
| $175,000 to $199,999 | 1,596 | 7.0% | $506 |
| $200,000 to $249,999 | 3,717 | 17.0% | $614 |
| $250,000 to $299,999 | 4,258 | 19.0% | $747 |
| $300,000 to $399,999 | 6,628 | 30.0% | $954 |
Top Home Insurance Agents Near Palatine, IL
| Home Insurance Company Near Palatine, IL | Homeowners Insurance Agency Near Palatine, IL | Address |
|---|---|---|
| NA | Erland Insurance Agency | 1000 Hart Rd., Ste 215 , Barrington, IL, 60010 |
| State Farm | Brian Mcinerney | 1329 N Main St, Wheaton, IL, 60187-3579 |
| Travelers | Iaa-Barrington Insurance Associates | 836 S NORTHWEST HGWY, BARRINGTON, IL, 60010 |
| State Farm | Jae Lee | 4034 W Lawrence Ave, Chicago, IL, 60630-2825 |
| Travelers | Woodman Cison & Associates Llc | 1301 S WOLF RD STE 403/404, PROSPECT HEIGHTS, IL, 60070 |
Estimated Home Insurance By Street Area Near Palatine, IL
| Palatine Area | Estimated House Insurance |
|---|---|
| Rywick Ct, W Camphill Cir, Country Club Ct, E Lake Dr, E Wyndham Cir, Suffolk Ct, Austin Ln, S Jamestown Dr, Wren Ave, Galena Ct | $915 |
| Bridgton on Asbury, S Elmwood Ln, Chatham Dr, Stone Harbor Ct, Apple Tree Ct, Chelsea on Auburn, N Kitson Dr, N Sunset Rd, North St, Brush Rd | $901 |
| N Stark Dr, Williams Ct, Perry Dr, Pirates Cove, E Sanborn Dr, Grove Rd, W Cheryl Ln, N Poplar St, S Stuart Ln, W Willow Rd | $822 |
| Cedar Glen Dr, N Westminster Dr, Brookside Ln, Durham Dr, N Barrington Woods Rd, W Raleigh Ct, W Blackburn Dr, Knoxboro Ln, Skye Ln, Wyndham Ct | $942 |
| Mart Ct, Castaway Ln, E Castle Ct, Alton, Owl Ln, Pride Ct, Jessica Ct, N Baldwin Ct, W Glencoe Rd, Heritage Cir | $838 |
| W Reading Ct, Aberdeen Rd, Haven Wood Ct, Rhiannon Ct, Green Ln N, N Broadmoor Ct, S Valley Ln, Fairway Ct, W Wilson St, Carberry Cir | $846 |
| E Kitson Dr, Saint George Ln, Hammond Dr, E Carriage Ln, W Echo Ln, W Dupont Ave, W Peregrine Dr, Ardmore Ave, Freeman Rd, Greenwich Ct | $852 |
| Kittery on Auburn, S Rohlwing Rd, Marie Dr, Silver Pine Dr, Winston Pl, Wren Ln, W Carolyn Dr, Driftwood Ave, W King Arthur Ct, W Kelly Ann Dr | $916 |
| E Morris Dr, E Juniper Dr, Chewink Ct, N Dewey Rd, Rochester Dr, W Mallard Dr, W Glencoe Rd, N Milton Rd, Redbud Rd, S Bristol Ct | $945 |
| Gull Ct, S Poteet Ave, W Slade St, S Valley Rd, E Shady Dr, S Echo Ln, Prestwick Dr, Wainright Ct, Wilshire Ct, Bedlington Dr | $848 |
Savings on home insurance for senior occupied homes
| Place | Savings |
|---|---|
| Palatine | $123 to $126 |
| Inverness | $149 |
| Rolling Meadows | $120 |
| Deer Park | $144 |
Palatine, IL 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 |
|---|---|---|
| Palatine, IL | 3.3% | 8.9% |
| Inverness | 2.21% | 8.31% |
| Rolling Meadows | 3.62% | 10.15% |
| Deer Park | 2.49% | 8.0% |
Palatine Renters Insurance as a Percentage of Rent
| Palatine Home By Monthly Rent | Total Homes | % of Total | Estimated Monthly Income To Afford Rented House Including Renters Insurance |
|---|---|---|---|
| $200 to $299 | 124 | 1.0% | $753 |
| $500 to $749 | 393 | 3.0% | $1878 |
| $750 to $999 | 3,499 | 29.0% | $2628 |
| $1,000 to $1,499 | 5,842 | 49.0% | $3753 |
| $1,500 or more | 1,722 | 14.0% | $5403 |
Palatine, IL Home Insurance Costs With Deductible Scenario
| Low Deductible | High Deductible | |
|---|---|---|
| Deductible | $500 | $3,500 |
| Yearly Palatine Homeowner Insurance Premium Example | $2,200 | $1,600 |
| Out of Pocket Expense During Claim | $500 | $3,500 |
| Total Home Insurance Premium for 8 years + Out of Pocket Expense for Claim | $18,100 | $16,300 |
| Net Savings to Palatine Home Owner from High Deductible Plan | $1,800 | |
Palatine, IL Home Insurance Costs With Home Replacement Value Scenarios
| Scenario | Palatine, IL Home Replacement Value MORE than Home Value | Palatine, IL Home Replacement Value LESS than Home Value |
|---|---|---|
| Replacement Value | $364,000 | $249,500 |
| Insurance Premium based on Replacement Value | $1,650 | $1,125 |
| Risk Exposure from Under Insuring Coverage | Unnecessary Home Insurance Coverage of $78,500 | Risk Exposure from Under Insuring Coverage is $36,000 |
| Premium Impact | Insurance cheaper by $175/year | Insurance costlier by $350/year |
Example Palatine Homeowners Insurance Comparison Table to Compare The Cheapest Quotes
| Insurance Company | Liberty Mutual | Travelers | Nationwide Insurance |
| Monthly Premium | 51 | 115 | 119 |
| Year Built | 1965 | 1988 | 1996 |
| Home Details | 2 Beds, 1 Baths | 4 Beds, 1 Baths | 3 Beds, 1 Baths |
| Coverage Amount | $150000-$175000 | $400000-$500000 | $250000-$300000 |
| Deductible | $1000-$2500 Deductible | > $10,000 Deductible | $500- $1000 Deductible |
Palatine, IL Auto & Home Insurance Bundling Discounts
| Place | 1 Car Bundle Savings | 2 Car Bundle Savings | 3 Car Bundle Savings |
|---|---|---|---|
| Inverness village, Illinois | $125 | $166 | $249 |
| Rolling Meadows city, Illinois | $101 | $134 | $201 |
| Deer Park village, Illinois | $120 | $160 | $240 |
Sample Home Insurance Rates for Palatine, IL from Consumer Reviews & Surveys
| Year Built | Home Value | Roof Type | Sqft | Number of Bedrooms | Deductible | Premium | Premium Months | Siding Type | Smoker/Non Smoker |
|---|---|---|---|---|---|---|---|---|---|
| 1992 | 275,000 | Metal Roof | 1,670 | 5 | $500- $1000 Deductible | 1400 | 12 | Stone Siding | yes |
| 1960 | 200,000 | Metal Roof | 1,580 | 3 | > $10,000 Deductible | 410 | 7 | Wood siding | yes |
| 1978 | 785,000 | Metal Roof | 4,570 | 5 | $2500-$5000 Deductible | 1590 | 7 | Wood siding | No |
| 1997 | 220,000 | Tile Roof | 1,450 | 2 | > $10,000 Deductible | 290 | 5 | Stone Siding | No |
| 1982 | 390,000 | Wood Shake Roof | 2,440 | 5 | $500 Deductible | 1540 | 12 | Stone Siding | No |
| 1976 | 290,000 | Asphalt Shingles Roof | 2,180 | 3 | > $10,000 Deductible | 500 | 8 | Vinyl siding | yes |
| 1966 | 425,000 | Tile Roof | 2,480 | 4 | $1000-$2500 Deductible | 1670 | 12 | Brick siding | No |
| 1985 | 490,000 | Tile Roof | 2,893 | 3 | $5000 to $10,000 Deductible | 2130 | 8 | Fiber-Cement Siding | No |