Peoria ,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 Peoria, 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 Peoria, IL is $1965. Enter your zipcode below and click “GO” to get multiple free quotes.
It is important to understand the different coverage options available in Peoria, IL. VHome Insurance will help you navigate the world of homeowners insurance coverages in Peoria, IL.
| Coverage Level | Average Annual Premium |
|---|---|
| $100,000 | $786 |
| $200,000 | $1,336 |
| $300,000 | $1,651 |
| $400,000 | $2,515 |
| $500,000 | $3,164 |
Home insurance costs in Peoria 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 |
|---|---|
| 061606 | $1,837 |
| 61604 | $1,825 |
| 61605 | $1,781 |
| 61602 | $1,922 |
| 61615 | $1,908 |
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 Peoria, IL, and how to choose the right one for your needs.
| Deductible Level | Average Annual Premium |
|---|---|
| $500 Deductible | $2,015 |
| $1000 Deductible | $1,802 |
| $1500 Deductible | $1,700 |
| $2500 Deductible | $1,533 |
| $5000 Deductible | $1,297 |
| Home Insurance Company Near Peoria, IL | Homeowners Insurance Agency Near Peoria, IL | Address |
|---|---|---|
| NA | Jennifer Hodges Dba Insurance Plus | 115 E 2Nd St, Kewanee, IL, 61443 |
| NA | The Whisler Agency | 326 S Main St, Morton, IL, 61550 |
| NA | Moriearty Ins Agcy Inc | 617 Keokuk St, Lincoln, IL, 62656 |
| Allstate | Affinty Financial And Insurance Grp Inc | 2412 E Washington St, East Peoria, IL, 61611 |
| Erie | Ledgestone Insurance Group Inc. | 1142 Peoria Street, Washington, IL, 61571 |
| Place | 1 Car Bundle Savings On Insurance | 2 Car Bundle Savings On Insurance | 3 Car Bundle Savings On Insurance |
|---|---|---|---|
| Richwoods township, Peoria County, Illinois | $91 | $121 | $181 |
| West Peoria city, Illinois | $92 | $122 | $183 |
| Kickapoo township, Peoria County, Illinois | $99 | $132 | $198 |
| Place | Home insurance as a % of housing cost for homes with mortgage | Home insurance as a % of housing cost for homes without mortgage |
|---|---|---|
| Peoria, IL | 5.1% | 12.8% |
| Richwoods | 6.73% | 16.81% |
| West Peoria | 6.18% | 13.82% |
| Kickapoo | 3.39% | 11.79% |
| Peoria Home By Monthly Rent | Total Homes | % of Total | Estimated Monthly Income To Afford Rented House Including Renters Insurance |
|---|---|---|---|
| Less than $200 | 887 | 4.0% | $347 |
| $200 to $299 | 877 | 4.0% | $797 |
| $300 to $499 | 2,083 | 10.0% | $1247 |
| $500 to $749 | 7,461 | 39.0% | $1922 |
| $750 to $999 | 4,808 | 25.0% | $2672 |
| $1,000 to $1,499 | 2,001 | 10.0% | $3797 |
| $1,500 or more | 944 | 4.0% | $5447 |
| Streets in Peoria Area | Homeowners Insurance Cost |
|---|---|
| N Eastvue Ct, N Tobi Ln, N Harmon Ave, W Widenham St, S Folkers Ave, Boulder Creek Ct, W Claybaugh Rd, S du Sable St, W Timberview Ct, W Hill St | $698 |
| N Cooper St, W Cindy Ln, S Avion Dr, Castle Dr, Wayne St, N Pioneer Rd, W Villa Ridge, N Donna Ln, N Merriman Ct, W Sunburst Ln | $737 |
| St Marys Ct, W Robertson Rd, Kutz Ln, N Riverview Rd, N Upland Ter, W Austin Dr, S Webster St, N Arrow Dr, W Crestwood Dr, N Johnson Rd | $746 |
| N Gilles Rd, W Nicolet Ct, E Euclid Ave, Abbey, N Stanley St, W Briarstone Dr, N Alta Rd, Tuscany Ridge Ct, E Frye Ave, Harp Hollow Rd | $795 |
| W Tahola Ct, Cass St, W George St, W Holly Hedges Dr, N Hanssler Ct, N Jackson St, W Hollyridge Cir, W Chestnut Dr, W 3rd Ave, E Minnesota St | $748 |
| N Kristin Ct, E Woodside Dr, Cove Ct, W Newman Pkwy, W Greenbrier Ln, N Industrial Rd, N Idaho St, W Vail Ct, W Warwick Dr, W Thousand Oaks Dr | $789 |
| Woodland Ct, N Hosta Cir, W Kellogg Ave, N Brookstone Dr, Chicago St, N Ashland Ct, W Lodi Ct, Wilhelm Rd, N Oak Leaf Ct, E Coventry Ln | $802 |
| Padua Ln, N Lakeside Pl, N Heinz Ln, W Forsythe Ct, Ivyleaf Ct, N Woodruff Blvd, Eureka St, N Whispering Woods Dr, S Westmoreland Ave, W Ann St | $792 |
| N Nelson Dr, NE Crescent Ave, St Agnes Ct, Co Hwy 43, S Blaine St, N Delaware St, Georgetowne Rd, Longmeadow Ct, N Springdale Ave, N Wilderness Dr | $717 |
| E Sankoty Dr, N Wildlife Dr, W Ducharme Ave, S Tyng St, NE Glendale Ave, W Baskin Ridge, N Allen Rd, E Linnet St, N Caterpillar Rd, W Meadows Pl | $800 |
| Place | Savings For Senior Occupied Homes |
|---|---|
| Peoria | $111 to $113 |
| Richwoods | $108 |
| West Peoria | $109 |
| Kickapoo | $119 |
| Low Deductible | High Deductible | |
|---|---|---|
| Deductible | $1,900 | $2,900 |
| Yearly Peoria Homeowner Insurance Premium Example | $700 | $500 |
| Out of Pocket Expense During Claim | $1,900 | $2,900 |
| Total Home Insurance Premium for 8 years + Out of Pocket Expense for Claim | $7,500 | $6,900 |
| Net Savings to Peoria Home Owner from High Deductible Plan | $600 | |
| Scenario | Peoria, IL Home Replacement Value MORE than Home Value | Peoria, IL Home Replacement Value LESS than Home Value |
|---|---|---|
| Replacement Value | $111,500 | $76,500 |
| Insurance Premium based on Replacement Value | $675 | $450 |
| Risk Exposure from Under Insuring Coverage | Unnecessary Home Insurance Coverage of $15,500 | Risk Exposure from Under Insuring Coverage is $19,500 |
| Premium Impact | Insurance cheaper by $125/year | Insurance costlier by $100/year |
| Insurance Company | Allstate | Erie Insurance | Travelers |
| Monthly Premium | 41 | 47 | 151 |
| Year Built | 1953 | 1960 | 1971 |
| Home Details | 2 Beds, 1 Baths | 4 Beds, 2 Baths | 5 Beds, 1 Baths |
| Coverage Amount | $125000-$150000 | $150000-$175000 | $300000-$350000 |
| Deductible | $1000-$2500 Deductible | $1000-$2500 Deductible | $500 Deductible |