Skokie, IL Home Insurance - Analysis On Quotes, Rates & Agents
Skokie Insurance Rates:
Skokie, IL homeowners insurance is approximately $707 to $963, about $58-$80/month. Our all inclusive research indicates shoppers can save as much as $334 by getting many quotes. Enter your zipcode below and click “GO” to get multiple free quotes.
Different Ways to Reduce your Home Insurance in Skokie, IL
As a homeowner in Skokie, IL, it's important to have homeowners insurance to protect your home and belongings. Homeowners insurance can help cover the cost of repairs or replacement if your home is damaged by fire, weather, or other disasters. It can also help pay for medical expenses if someone is injured on your property. There are different types of homeowners insurance policies, so be sure to talk to your insurance agent to find the one that's right for you. Make sure you understand what is and is not covered by your policy, and consider adding additional coverage for things like jewelry, art, or collectables.
In Skokie, Illinois, the average cost of homeowner's insurance is $1029. When looking for home insurance, finding a plan that suits your requirements and financial constraints is critical. The amount of coverage you require is determined by the value of your home and your personal property. In the article below, VHome has carefully examined how to lower Skokie, Illinois, homeowners insurance.
By Choosing a Higher Deductible
When it comes to homeowners insurance, one of the best ways to save money is to choose a higher deductible. By doing this, you can significantly reduce the cost of your insurance premium. While it may mean you have to pay more out-of-pocket in case of a claim, it can be well worth it in the long run. The higher your deductible, the lower your premiums will be. For instance, in Skokie, Illinois, homeowners who select deductibles of 500 and 1500 pay $1017 and $865 for home insurance. Owners of homes with $2,000 and $2,500 deductibles pay $786 and $739, respectively. However, you must be sure you've got the money to cover your deductible in case of a claim. Consider a lower amount if you need to be sure you can afford to pay a greater deductible. If you discover that you can reduce your rates, you can always raise your deductible later.
By Installing Security Features
Security features can help to deter burglars and other criminals, and this can lead to a reduction in your homeowners insurance rates. Some of the best security features include security cameras, alarm systems, and motion-sensor lights. Installing security features is a great way to reduce your homeowners insurance rates. However, it’s important to make sure that you choose the right features for your home. For example, homeowners in Skokie, Illinois, who install deadbolts pay $895 for their home insurance. Home theft and robbery are less likely when someone has dreadlocks.
By Maintaining a Zero Claims History
All of your claims are listed in the claims history section of your homeowner's insurance policy. Insurance companies use your claim history to determine if you are a high-risk customer. If you have a history of filing claims, your premium will undoubtedly go up. Keeping a claims history of zero is essential as a result. If you can avoid making claims, you can keep your premiums low. For instance, homeowners in Skokie, Illinois, who have never made a claim, must pay a premium of $895. In contrast, in Skokie, Illinois, residents with one or two claims must pay $1111 and $1152 for homeowners insurance.
Skokie, IL Homeowners Insurance By Home Value
| Skokie, IL Home Value | Total Homes | % of Total | Average Skokie, IL Homeowners Insurance |
|---|---|---|---|
| Less than $50,000 | 339 | 2.0% | $58 |
| $100,000 to $124,999 | 500 | 3.0% | $283 |
| $125,000 to $149,999 | 490 | 3.0% | $359 |
| $150,000 to $174,999 | 880 | 6.0% | $425 |
| $175,000 to $199,999 | 586 | 4.0% | $492 |
| $200,000 to $249,999 | 1,994 | 15.0% | $592 |
| $250,000 to $299,999 | 2,629 | 20.0% | $726 |
| $300,000 to $399,999 | 4,863 | 38.0% | $918 |
Top Home Insurance Agents Near Skokie, IL
| Home Insurance Company Near Skokie, IL | Homeowners Insurance Agency Near Skokie, IL | Address |
|---|---|---|
| Travelers | Dmi Brokerage Llc | 222 SOUTH RIVERSIDE PL#2340, CHICAGO, IL, 60606 |
| State Farm | Jorge Frausto | 1839 W Cermak Rd, Chicago, IL, 60608-4303 |
| State Farm | Kathleen Costello | 8909 W Cermak Rd, N Riverside, IL, 60546-1143 |
| State Farm | Patti Mcgehee | 3040 Hobson Rd, Woodridge, IL, 60517-1510 |
| Travelers | Task Insurance Llc | 1821 WALDEN OFFICE SQ STE 350, SCHAUMBURG, IL, 60173 |
Skokie, IL Home Insurance Agents for Top Companies
Cost Of Homeowners Insurance By Street Near Skokie, IL
| Streets in Skokie Area | Homeowners Insurance Cost |
|---|---|
| Searle Pkwy, Reba St, New Gross Point Rd, Four Winds Way, Sugar Loaf Ln, Carol St, Capitol St, Louise Ave, Palma Pl, Harmswood Ter | $835 |
| Bronx Ave, Tamaroa Ter, E Prairie Rd, Lillibet Ter, Carol St, Samoset Trl, Lowell Ter, Niles Ave, Skokiana Ter, Harvard Ter | $895 |
| Bronx Ave, Christiana Ave, Weber Park Pl, Tower Cir, Jonathan Ln, Jarlath St, Frontage Rd E, Wright Ter, Dr Korczak Ter, Bobolink Ter | $816 |
| Brown St, Archel Hanson Ter, Little Elm Bend, Williamsburg Rd, Old Orchard Ct, Kostner Ter, Conrad St, Channel Rd, Wright Ter, Woods Dr | $890 |
| Russett Ln, Conrad St, Peach Pkwy, Coyle Ave, Suffield Ter, Lewis Ter, Louise Ave, Hull St, E Prairie Rd, Elm Ter | $838 |
Skokie, IL Home Insurance Savings For Senior Occupied Homes
| Place | Savings For Senior Occupied Homes |
|---|---|
| Skokie | $124 to $127 |
| Niles | $125 |
| Lincolnwood | $130 |
| Evanston | $129 |
Skokie, IL Auto & Homeowners Insurance Bundling Discounts
| Place | 1 Car Bundle Savings On Insurance | 2 Car Bundle Savings On Insurance | 3 Car Bundle Savings On Insurance |
|---|---|---|---|
| Niles township, Cook County, Illinois | $125 | $167 | $251 |
| Lincolnwood village, Illinois | $131 | $174 | $261 |
| Evanston city, Illinois | $129 | $172 | $258 |
Skokie, IL Area 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 |
|---|---|---|
| Skokie, IL | 3.0% | 9.4% |
| Niles | 2.97% | 9.48% |
| Lincolnwood | 2.46% | 7.27% |
| Evanston | 2.94% | 7.44% |
Skokie Renters Insurance as a Percentage of Rent
| Skokie Home By Monthly Rent | Total Homes | % of Total | Estimated Monthly Income To Afford Rented House Including Renters Insurance |
|---|---|---|---|
| Less than $200 | 146 | 2.0% | $300 |
| $200 to $299 | 110 | 1.0% | $750 |
| $300 to $499 | 182 | 3.0% | $1200 |
| $500 to $749 | 384 | 6.0% | $1875 |
| $750 to $999 | 1,573 | 27.0% | $2625 |
| $1,000 to $1,499 | 2,510 | 43.0% | $3750 |
| $1,500 or more | 888 | 15.0% | $5400 |
Skokie, IL Home Insurance Costs With Deductible Scenario
| Low Deductible | High Deductible | |
|---|---|---|
| Deductible | $1,900 | $2,900 |
| Yearly Skokie Homeowner Insurance Premium Example | $800 | $600 |
| Out of Pocket Expense During Claim | $1,900 | $2,900 |
| Total Home Insurance Premium for 8 years + Out of Pocket Expense for Claim | $8,300 | $7,700 |
| Net Savings to Skokie Home Owner from High Deductible Plan | $600 | |
Skokie, IL Home Insurance Costs With Home Replacement Value Scenarios
| Scenario | Skokie, IL Home Replacement Value MORE than Home Value | Skokie, IL Home Replacement Value LESS than Home Value |
|---|---|---|
| Replacement Value | $545,500 | $293,500 |
| Insurance Premium based on Replacement Value | $2,300 | $1,225 |
| Risk Exposure from Under Insuring Coverage | Unnecessary Home Insurance Coverage of $126,000 | Risk Exposure from Under Insuring Coverage is $126,000 |
| Premium Impact | Insurance cheaper by $550/year | Insurance costlier by $525/year |
Example Skokie Homeowners Insurance Comparison Table to Compare The Cheapest Quotes
| Insurance Company | Travelers | Liberty Mutual | Chubb Group of Insurance |
| Monthly Premium | 112 | 118 | 82 |
| Year Built | 1983 | 1960 | 1971 |
| Home Details | 3 Beds, 1 Baths | 4 Beds, 2 Baths | 5 Beds, 3 Baths |
| Coverage Amount | $350000-$400000 | $400000-$500000 | $400000-$500000 |
| Deductible | $5000 to $10,000 Deductible | $5000 to $10,000 Deductible | > $10,000 Deductible |
Sample Home Insurance Rates for Skokie, IL from Consumer Reviews & Surveys
| Year Built | Home Value | Roof Type | Sqft | Number of Bedrooms | Deductible | Premium | Premium Months | Siding Type | Smoker/Non Smoker |
|---|---|---|---|---|---|---|---|---|---|
| 1965 | 320,000 | Asphalt Shingles Roof | 1,750 | 2 | $500 Deductible | 660 | 5 | Brick siding | No |
| 1963 | 360,000 | Shingles Roof | 2,400 | 4 | $1000-$2500 Deductible | 270 | 3 | Vinyl siding | yes |
| 1974 | 370,000 | Shingles Roof | 2,150 | 4 | $2500-$5000 Deductible | 570 | 5 | Stucco siding | yes |
| 1967 | 300,000 | Shingles Roof | 1,560 | 3 | $500 Deductible | 410 | 3 | Stone Siding | yes |
| 1967 | 305,000 | Membrane Roof | 1,750 | 2 | $500- $1000 Deductible | 1510 | 10 | Wood siding | No |
| 1953 | 320,000 | Asphalt Shingles Roof | 2,130 | 4 | $1000-$2500 Deductible | 110 | 1 | Stucco siding | No |
| 1952 | 315,000 | Tile Roof | 1,910 | 4 | $500 Deductible | 860 | 9 | Fiber-Cement Siding | yes |
| 1982 | 485,000 | Slate Shingles Roof | 3,330 | 4 | $500 Deductible | 1340 | 6 | Stone Siding | yes |
| 1956 | 290,000 | Wood Shake Roof | 1,770 | 3 | > $10,000 Deductible | 300 | 6 | Fiber-Cement Siding | No |
| 1965 | 135,000 | Metal Roof | 1,060 | 2 | $500- $1000 Deductible | 210 | 4 | Vinyl siding | yes |
| 1957 | 460,000 | Wood Shake Roof | 2,930 | 4 | $2500-$5000 Deductible | 510 | 4 | Vinyl siding | yes |
| 1951 | 545,000 | Metal Roof | 3,230 | 4 | $5000 to $10,000 Deductible | 560 | 5 | Vinyl siding | No |
| 1952 | 390,000 | Metal Roof | 2,610 | 5 | $2500-$5000 Deductible | 470 | 5 | Brick siding | yes |
| 1964 | 385,000 | Composition Roof | 2,880 | 5 | $1000-$2500 Deductible | 280 | 2 | Stucco siding | yes |
| 1958 | 535,000 | Composition Roof | 3,350 | 5 | $5000 to $10,000 Deductible | 970 | 6 | Wood siding | yes |
| 1952 | 205,000 | Tile Roof | 1,170 | 2 | $5000 to $10,000 Deductible | 220 | 5 | Wood siding | No |
| 1966 | 235,000 | Wood Shake Roof | 1,400 | 2 | $500- $1000 Deductible | 220 | 2 | Wood siding | No |
| 1953 | 225,000 | Asphalt Shingles Roof | 1,220 | 2 | $5000 to $10,000 Deductible | 610 | 9 | Stone Siding | No |
| 1966 | 840,000 | Wood Shake Roof | 4,920 | 5 | $500 Deductible | 2580 | 7 | Brick siding | yes |
| 1981 | 270,000 | Composition Roof | 1,440 | 2 | > $10,000 Deductible | 550 | 12 | Vinyl siding | yes |
| 1956 | 315,000 | Slate Shingles Roof | 1,790 | 2 | > $10,000 Deductible | 1050 | 10 | Wood siding | No |
| 1958 | 230,000 | Tile Roof | 1,540 | 5 | > $10,000 Deductible | 320 | 6 | Stone Siding | No |
| 1982 | 235,000 | Composition Roof | 1,740 | 2 | > $10,000 Deductible | 50 | 1 | Wood siding | yes |
| 1974 | 685,000 | Asphalt Shingles Roof | 3,840 | 5 | $500 Deductible | 880 | 3 | Fiber-Cement Siding | No |
| 1978 | 630,000 | Tile Roof | 4,410 | 5 | $2500-$5000 Deductible | 680 | 3 | Vinyl siding | yes |
| 1983 | 190,000 | Tile Roof | 1,270 | 2 | $5000 to $10,000 Deductible | 670 | 12 | Stone Siding | yes |
| 1987 | 455,000 | Metal Roof | 2,660 | 5 | $2500-$5000 Deductible | 1130 | 7 | Vinyl siding | yes |
| 1963 | 385,000 | Metal Roof | 2,020 | 3 | $1000-$2500 Deductible | 850 | 6 | Stucco siding | No |
| 1985 | 545,000 | Membrane Roof | 3,050 | 4 | $1000-$2500 Deductible | 1730 | 10 | Vinyl siding | yes |
| 1950 | 280,000 | Wood Shake Roof | 1,840 | 5 | $2500-$5000 Deductible | 360 | 4 | Vinyl siding | No |
| 1975 | 155,000 | Membrane Roof | 1,040 | 2 | $1000-$2500 Deductible | 830 | 12 | Wood siding | yes |
| 1956 | 345,000 | Shingles Roof | 2,650 | 4 | $500- $1000 Deductible | 250 | 2 | Brick siding | No |
| 1954 | 415,000 | Shingles Roof | 2,190 | 3 | $2500-$5000 Deductible | 250 | 2 | Brick siding | yes |
Latest Home Insurance Reviews
Farmer's InsuranceI am pleased with the premium as it was about $200 less a year than other comparable options. The deductible was the same as other companies
State FarmIt seems that we have the coverage that we were looking for. I have not done much shopping around to see what other companies have to offer.
AaaWe have not had to use current policy but thought old policy was high. Current policy seems fair.
State FarmI think that there rates are compareable to others, I do think on sometimes you can get it cheaper else where.
Goodville MutualWhile prices continue to increase yearly for insurance we recently had our policy reviewed by the company and it came out $50 cheaper than all other home owner policy quotes from other companies.
Farmer's InsuranceI would give my home insurance a number of 3 out of 5 simply because they are not too bad. I have never had a problem with them as far as the bills being billed late or late payment.
Erie InsuranceMy experience with Erie has been very good. The agents are helpful and pleasant, in person and on the phone. I feel my rates are fair.
Farmer's InsuranceI wish they will not send us those monthly email. I do like them to contact us every year to go over the policy.
GeicoWe have not really had to go to them for anything. They were great with reaching out and reminding us of things but have not had to file any claims.
Erie InsuranceAlways easy to reach, compassionate about any issues you face, clearing and plainly explain coverage and the steps needed to get the claim processed. They keep you informed of all steps and work hard to expedite.
AllstateMy experience with customer service is always positive. My agent always gets back to me as soon as possible for any claims or questions.
AaaI like this company because the agent lives locally and the premiums are very reasonable. I'm a 3rd generation customer and will continue to do business with them for years to come.
MetlifeMetlife handles all of my insurance needs. Auto, home and personal property policies are bundles together. I have compared quotes from other companies.