Wheeling ,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 Wheeling, 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 Wheeling, IL is $2138. Enter your zipcode below and click “GO” to get multiple free quotes.
It is important to understand the different coverage options available in Wheeling, IL. VHome Insurance will help you navigate the world of homeowners insurance coverages in Wheeling, IL.
| Coverage Level | Average Annual Premium |
|---|---|
| $100,000 | $855 |
| $200,000 | $1,454 |
| $300,000 | $1,796 |
| $400,000 | $2,737 |
| $500,000 | $3,442 |
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 Wheeling, IL, and how to choose the right one for your needs.
| Deductible Level | Average Annual Premium |
|---|---|
| $500 Deductible | $2,192 |
| $1000 Deductible | $1,961 |
| $1500 Deductible | $1,849 |
| $2500 Deductible | $1,668 |
| $5000 Deductible | $1,411 |
| Home Insurance Company Near Wheeling, IL | Homeowners Insurance Agency Near Wheeling, IL | Address |
|---|---|---|
| Travelers | Fort Dearborn Insurance Agency | 1370 MEADOW RD, NORTHBROOK, IL, 60062 |
| Travelers | Kevin Michael Mc Donald | 200 E EVERGREEN STE 115, MT PROSPECT, IL, 60056 |
| Allstate | Patsy Harris | 433 W 95th St, Chicago, IL, 60628 |
| Farmers | Vincent Valente | 233 E Butterfield Rd, Elmhurst, IL, 60126 |
| Travelers | William J Goodman Ltd | 18033 Martin Ave, Homewood, IL, 60430 |
| Place | 1 Car Bundle Savings On Insurance | 2 Car Bundle Savings On Insurance | 3 Car Bundle Savings On Insurance |
|---|---|---|---|
| Prospect Heights city, Illinois | $103 | $137 | $205 |
| Arlington Heights village, Illinois | $106 | $141 | $212 |
| Mount Prospect village, Illinois | $104 | $139 | $208 |
| Place | Home insurance as a % of housing cost for homes with mortgage | Home insurance as a % of housing cost for homes without mortgage |
|---|---|---|
| Wheeling, IL | 3.3% | 9.1% |
| Prospect Heights | 3.82% | 8.77% |
| Arlington Heights | 3.18% | 8.98% |
| Mount Prospect | 3.17% | 9.2% |
| Wheeling Home By Monthly Rent | Total Homes | % of Total | Estimated Monthly Income To Afford Rented House Including Renters Insurance |
|---|---|---|---|
| Less than $200 | 218 | 1.0% | $304 |
| $200 to $299 | 269 | 2.0% | $754 |
| $300 to $499 | 417 | 3.0% | $1204 |
| $500 to $749 | 623 | 4.0% | $1879 |
| $750 to $999 | 4,204 | 33.0% | $2629 |
| $1,000 to $1,499 | 5,087 | 40.0% | $3754 |
| $1,500 or more | 1,715 | 13.0% | $5404 |
| Streets in Wheeling Area | Homeowners Insurance Cost |
|---|---|
| E Valley Ln, E Highland Ave, Morrison Ave, N Spruce Ter, Hawthorn Rd, Allen Ln, E Elderberry Dr, Dun-Lo Dr, W Hawthorne St, Orange Ct | $844 |
| S Windsor Dr, N Somerset Ln, S Arthur Ave, Dun-Lo Ave, Essex St, Valley Stream Dr, Salem Walk, W Miner St, Picadilly Ct, S Evanston Ave | $822 |
| N Race Ave, N Lake Shore Cir, W Heather Ln, E Aztec Ln, Fairfield Ct, S School Ln, French Way, Carlyle Ct, N Luther Ln, Arrowwood Ln | $837 |
| N Hemlock Ln, N Stevenson Ln, Avalon Ct, W Whitehall Dr, E Grove St, Tilbury Ln, E Jennifer Ct, Hansom Dr, Wilshire Ln, Albert Ter | $749 |
| N Picadilly Cir, Mohawk Trl, W Brown St, Anne Ct, Brougham Dr, Minnaqua Dr, S Donald Ave, Sycamore Rd, Winesap Ct, Shannon Dr | $822 |
| E Brandenberry Ct, Hapsfield Ln, W Wing St, Wildwood Dr S, Leon Ln, N Claremont Dr, E Lillian Ave, Ely Ct, Garden Ct, Harmony Dr | $861 |
| Queens Ct, Clarendon Ct, Stanton Ct N, Coldren Dr, Valley Stream Dr, N Albert St, Sauk Ln, N Old Buffalo Grove Rd, E Appletree Ln, W Willow Rd | $783 |
| E Waverly Ln, Portwine Rd, N Phelps Ave, Russel St, Newport Ct, Derbyshire Ct, N Williamsburg St, Pearwinkle Way, Lehigh Ln, Piper Ln | $844 |
| Tree Ln, W Shure Dr, Sanborn Dr, Mohawk Ln, Stonegate Manor, W Raleigh Ct, W Park Pl, E Cardinal Ln, Radford Ct, W Partridge Ln | $844 |
| Avon Ct, W Mueller St, N Peartree Ln, Russell St, W Beechwood Ct, E Hackberry Ln, Commanche Trl, S Gibbons Ave, N Oak Wood Dr, Blue Jay Ct | $886 |
| Place | Savings For Senior Occupied Homes |
|---|---|
| Wheeling | $123 to $126 |
| Prospect Heights | $123 |
| Arlington Heights | $127 |
| Mount Prospect | $125 |
| Low Deductible | High Deductible | |
|---|---|---|
| Deductible | $1,400 | $3,400 |
| Yearly Wheeling Homeowner Insurance Premium Example | $3,400 | $2,900 |
| Out of Pocket Expense During Claim | $1,400 | $3,400 |
| Total Home Insurance Premium for 5 years + Out of Pocket Expense for Claim | $18,400 | $17,900 |
| Net Savings to Wheeling Home Owner from High Deductible Plan | $500 | |
| Scenario | Wheeling, IL Home Replacement Value MORE than Home Value | Wheeling, IL Home Replacement Value LESS than Home Value |
|---|---|---|
| Replacement Value | $530,500 | $318,000 |
| Insurance Premium based on Replacement Value | $3,075 | $1,850 |
| Risk Exposure from Under Insuring Coverage | Unnecessary Home Insurance Coverage of $90,000 | Risk Exposure from Under Insuring Coverage is $122,500 |
| Premium Impact | Insurance cheaper by $700/year | Insurance costlier by $525/year |
| Insurance Company | Nationwide Insurance | Farmers Insurance | Allstate |
| Monthly Premium | 54 | 161 | 57 |
| Year Built | 1964 | 1974 | 1993 |
| Home Details | 3 Beds, 2 Baths | 5 Beds, 4 Baths | 2 Beds, 1 Baths |
| Coverage Amount | $200000-$250000 | $400000-$500000 | $175000-$200000 |
| Deductible | $5000 to $10,000 Deductible | $500 Deductible | $1000-$2500 Deductible |