Rockford ,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 Rockford, 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 Rockford, IL is $1941. Enter your zipcode below and click “GO” to get multiple free quotes.
It is important to understand the different coverage options available in Rockford, IL. VHome Insurance will help you navigate the world of homeowners insurance coverages in Rockford, IL.
| Coverage Level | Average Annual Premium |
|---|---|
| $100,000 | $776 |
| $200,000 | $1,320 |
| $300,000 | $1,630 |
| $400,000 | $2,484 |
| $500,000 | $3,125 |
Home insurance costs in Rockford 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 |
|---|---|
| 061103 | $1,823 |
| 61101 | $1,807 |
| 61102 | $1,809 |
| 61104 | $1,805 |
| 61114 | $1,891 |
| 61107 | $1,864 |
| 61109 | $1,839 |
| 61108 | $1,841 |
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 Rockford, IL, and how to choose the right one for your needs.
| Deductible Level | Average Annual Premium |
|---|---|
| $500 Deductible | $1,990 |
| $1000 Deductible | $1,780 |
| $1500 Deductible | $1,679 |
| $2500 Deductible | $1,514 |
| $5000 Deductible | $1,281 |
| Home Insurance Company Near Rockford, IL | Homeowners Insurance Agency Near Rockford, IL | Address |
|---|---|---|
| NA | Dunn Insurance Agency | 1003 W Comanche Ave , Shabbona, IL, 60550 |
| State Farm | Art Espe | 221 N Mason Ave, Amboy, IL, 61310-1211 |
| State Farm | Emillie An | 1024 S McHenry Ave Ste B, Crystal Lake, IL, 60014-7477 |
| Liberty Mutual | Matt Oconnor | 477 S. Third Street Suite 148 , Geneva , IL , 60134 |
| State Farm | Nick Slaughter | 450 N Il Route 31 Ste 180, Crystal Lake, IL, 60012-3776 |
| Place | 1 Car Bundle Savings On Insurance | 2 Car Bundle Savings On Insurance | 3 Car Bundle Savings On Insurance |
|---|---|---|---|
| New Milford village, Illinois | $90 | $120 | $180 |
| Cherry Valley township, Winnebago County, Illinois | $94 | $125 | $188 |
| Loves Park city, Illinois | $93 | $123 | $185 |
| Place | Home insurance as a % of housing cost for homes with mortgage | Home insurance as a % of housing cost for homes without mortgage |
|---|---|---|
| Rockford, IL | 5.1% | 12.8% |
| New Milford | 4.4% | 13.1% |
| Cherry Valley | 4.75% | 12.31% |
| Loves Park | 4.82% | 13.58% |
| Rockford Home By Monthly Rent | Total Homes | % of Total | Estimated Monthly Income To Afford Rented House Including Renters Insurance |
|---|---|---|---|
| Less than $200 | 888 | 3.0% | $351 |
| $200 to $299 | 934 | 3.0% | $801 |
| $300 to $499 | 3,130 | 11.0% | $1251 |
| $500 to $749 | 10,095 | 38.0% | $1926 |
| $750 to $999 | 6,932 | 26.0% | $2676 |
| $1,000 to $1,499 | 3,577 | 13.0% | $3801 |
| $1,500 or more | 818 | 3.0% | $5451 |
| Streets in Rockford Area | Homeowners Insurance Cost |
|---|---|
| Rolling Hedge Ln, N Willard Ave, Spring Ct, S Court St, Knowlton St, Larnell Pkwy, Sovereign Blvd, Wedel Ave, Fitch Rd, Sherbrooke Rd | $716 |
| Crimson Ridge Dr, Garden Plain Ave, Canary Dr, Macintosh Ln, Tollview Ln, Hinsdale Ave, Hiatt Dr, Grant Ave, Finch St, S 1st St | $764 |
| Schlensker Dr, Otis St, Vanista Ct, Page Pl, Enterprise Dr, Evanston Dr, Executive Pkwy, Tatum Rd, 21st St, Kay Ave | $754 |
| Meander Dr, Linden Rd, Thames Way, Red Oak Ln, Carlesburg Ct, Gas Lite Ct, Vineyard Ln, Park Er Woods Dr, Falund St, Apawamis Way E | $750 |
| Morgan St, Pleasant View Ave, Morgan St, Elva Ln, Meadows Cir, Highview Ave, Sunbird Dr, Cherokee Hills Dr, Aragona Dr, Vista Ter | $720 |
| Crabapple Ln, Regal Ridge Cir, Wallis Ave, Woodcreek Bend, Sue Ln, Flagstone Dr, Oakforest Dr, Milehigh Dr, Minnesota Dr, Conover Dr | $757 |
| Highview Ave, Falmouth Dr, Wansford Way, Whisper Ct, S Independence Ave, Lundvall Ave, Cushman Rd, Lombard St, Rock River Ave, Runway Dr | $753 |
| Pond St, Euclid Ave, Grand Blvd, Harrington Ave, Wallace St, Conner Ln, S Mill Rd, Selden St, Roncevalles Ave, E Summerfield Dr | $691 |
| Island Ave, Scottswood Rd, Clayton Ct, Harlem Blvd, Locust St, Galleria Dr, Zenith Pkwy, Field Stone Dr, Beechwood Dr, la Cresta Dr | $757 |
| Danburry Dr, Summerdale Ave, Kerstin Ct, Cunningham St, Winnetka Dr, Crampton Ct, Springdale Dr, 2nd St, Tay St, 14th St | $767 |
| Place | Savings For Senior Occupied Homes |
|---|---|
| Rockford | $110 to $112 |
| New Milford | $108 |
| Cherry Valley | $112 |
| Loves Park | $111 |
| Low Deductible | High Deductible | |
|---|---|---|
| Deductible | $500 | $1,500 |
| Yearly Rockford Homeowner Insurance Premium Example | $400 | $200 |
| Out of Pocket Expense During Claim | $500 | $1,500 |
| Total Home Insurance Premium for 8 years + Out of Pocket Expense for Claim | $3,700 | $3,100 |
| Net Savings to Rockford Home Owner from High Deductible Plan | $600 | |
| Scenario | Rockford, IL Home Replacement Value MORE than Home Value | Rockford, IL Home Replacement Value LESS than Home Value |
|---|---|---|
| Replacement Value | $98,500 | $69,000 |
| Insurance Premium based on Replacement Value | $575 | $400 |
| Risk Exposure from Under Insuring Coverage | Unnecessary Home Insurance Coverage of $16,000 | Risk Exposure from Under Insuring Coverage is $13,500 |
| Premium Impact | Insurance cheaper by $75/year | Insurance costlier by $100/year |
| Insurance Company | Travelers | Erie Insurance | Farmers Insurance |
| Monthly Premium | 45 | 37 | 51 |
| Year Built | 1948 | 1973 | 1968 |
| Home Details | 3 Beds, 1 Baths | 5 Beds, 4 Baths | 4 Beds, 1 Baths |
| Coverage Amount | $125000-$150000 | $100000-$125000 | $175000-$200000 |
| Deductible | $1000-$2500 Deductible | $500- $1000 Deductible | $2500-$5000 Deductible |