ValuePenguin conducted research into home insurance rates in 259 cities throughout Illinois. To do so, our analysts gathered quotes for a 2,000 square foot sample home in each city across several different insurers to arrive at an average cost per city. These costs varied upwards of 50% between different regions. The mean cost of a homeowners insurance policy in Illinois is $1,543 per year based on this benchmark property. ValuePenguin’s findings can serve to help homeowners better anticipate the insurance cost of their new home and understand the relative difference between the cities in our study. Read more below, or use our quote tool above to start finding homeowners insurance quotes.
- Cheapest Homeowners Insurance Companies
- Homeowners Insurance Rates in Illinois's Largest Cities
- Top 10 Least Expensive Cities for Home Insurance In Illinois
- Top 10 Most Expensive cities for Home Insurance in Illinois
Cheapest Homeowners Insurance Companies in Illinois
The graph below answers the question of which companies in Illinois have the least expensive homeowners insurance rates. We looked at quotes for a sample $200,000 and 2,000 square foot house in 259 cities in the Prairie State. Annual rates were averaged for three companies: State Farm, Allstate, and Farmers. Among these three major national insurers, State Farm ranked as the most affordable homeowners insurance company in Illinois. Allstate and Farmers's annual rates were greater by $451 and $459, respectively.
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Homeowners Insurance Rates in Illinois's Largest Cities
Our researchers evaluated homeowners insurance rates across the largest cities in Illinois. The cost of insurance plans is decided by a multitude of factors, such as average fire department response times, crime rates, extreme weather events, and other factors which will affect the likelihood of an insurer having to pay out damages. The homeowners in the five largest cities pay on average 13% less than the rest of the state. The cost of insuring our sample home in these regions is $1,339 per year.
Chicago is the third most populous city in the United States and the largest within the state of Illinois. Chicago is world-renowned for its arts, professional sports teams, and cuisine. "Windy City" residents experience frigid temperatures throughout a large portion of the year and a notable amount of snowfall. Home insurance costs in Chicago were found to be $1,243 per year, which works out to be 19% less expensive than the state average.
If you're looking for cheap homeowners insurance in Chicago, we suggest starting with Farmers. The average annual home insurance cost quoted in Chicago was $1,243. Farmers quoted an annual fee of $915 for a home insurance policy, which provides $458 in savings over the next cheapest option. Of the 259 cities in the research study, Chicago ranked as the 13th least expensive place for home insurance.
Aurora is the second largest city in the state of Illinois. Aurora was one of the first cities to have an electric street lighting system and was subsequently nicknamed the "City of Lights". The Aurora area is also known for its unique architecture. Home insurance costs in the City of Lights were found to be $1,609 per year. Of the five largest cities in Illinois, Aurora ranks as the most expensive when it comes to home insurance rates.
Home insurance premiums in Aurora vary widely by provider. State Farm quoted the lowest rate at $1,133 annually and Farmers quoted the highest at $2,034. Aurora's home insurance rates are 4% more expensive than the rest of the state of Illinois. Aurora has the least affordable home insurance fees of any of the five largest cities in the state.
The city of Rockford, the third largest city in Illinois, has a population of around 153,000 people while the outlying metropolitan area's population is estimated at 349,000. Rockford is located in northern Illinois and features Rock River which flows through the city. Rockford has been listed as one of the best cities to retire in. Annual home insurance rates in Rockford are $1,114 on average, which is 28% below the state average.
We found the most affordable home insurance quote in Rockford to be from Farmers. Much like other large Illinois cities, home insurance rates vary widely ranging from $847 to $1,290. Rockford offers its residents the lowest rates of the five largest cities in Illinois and the second cheapest rates amongst the 259 cities.
The city of Joliet is located approximately 46 miles southwest of Chicago and is the fourth most populous city in the state. Joliet, a city undergoing revitalization, is centered around the Des Plaines River and includes several other waterways. The largest employer in the area is the Presence Saint Joseph Medical Center. Based on our research, we found that the average home insurance premium in the area is $1,503. Annual home insurance costs in Joliet are 3% below the state average.
The least expensive insurance company is Farmers which offers a quote of $1,265. It is wise to gather multiple quotes in Joliet as the difference between the highest quote and the lowest quote is $567. While Joliet offers savings when compared to the state average, it is the second most expensive when compared to the largest five cities in Illinois.
Naperville is a suburb of Chicago and has a population of approximately 142,000. Top employers in the area include Edward Hospital & Health Services, Alcatel-Lucent, and the Indian Prairie School District. Naperville's Historic District houses 320 properties and residents are encouraged to renovate their properties. We found the average annual home insurance cost to be $1,223. Naperville home insurance costs are far lower than other places in Illinois coming in at 21% below the state average.
Naperville's insurance rates vary by $234. If you are looking for home insurance in Naperville then State Farm and Farmers offer the lowest rates and are within $15 of each other. Of the 259 cities cited Naperville ranks as the 11th most affordable for home insurance rates.
Least Expensive Homeowners Insurance in Illinois: by City
The following graph shows the 10 least expensive cities of all 259 cities which were part of this study. The cities are listed in order of price starting with the lowest rates and ascending. The figures listed in the graph represents the average home insurance rate in the city. DeKalb is the cheapest city in Illinois for homeowners insurance. Residents can expect to pay $1,038 annually, which is $505 lower than the state average.
DeKalb, named after a major general in the American Revolution, is located between two of Illinois's largest cities: Chicago and Rockford. According to the latest census data, the city of DeKalb has a population of approximately 44,000. Residents of DeKalb have the lowest average homeowners insurance rate in the state which is $1,038. DeKalb's homeowners insurance rates are lower than the state average by 33%.
Rockford is one of the largest cities in Illinois and one of the least expensive for home insurance. As previously mentioned, Rockford home insurance expenses are $1,114 annually, which are 28% lower than the state average.
The third cheapest home insurance rates in Illinois for our sample home can be found in Bloomington. This city of approximately 77,000 people is located in McLean County. Our researchers found that Bloomington residents tend to see home insurance premiums of $1,124 per year. This is 27% cheaper than the average cost of homeowners insurance in Illinois.
Lisle boasts an offering of multiple accredited universities situated in its area. Most notably, Benedictine University has a 108-acre campus within the city. Lisle homeowners insurance costs are amongst the lowest in the state at an average cost of $1,189 annually, which is 23% lower than the state average.
Hodgkins is a small city in Illinois with a population of approximately 1,900 people. Residents of Hodgkins take advantage of the city's inexpensive homeowners insurance options. The average cost of a homeowners insurance policy in Hodgkins is $1,192, or 23% lower than the state average of $1,543.
Most Expensive Homeowners Insurance in Illinois: by City
The following graph shows the 10 most expensive cities of all 259 cities which were part of this study. The cities are listed in order of price starting with the highest rates and descending. The figures listed represents the average home insurance rate in the city. The most expensive city for homeowners insurance is McLeansboro where our research found an average annual rate of $2,622, which is $302 higher than the next most expensive city.
ValuePenguin studied 259 cities, spread out geographically all throughout Illinois. The sample home we looked at was built in the year 2000, and had 2,000 square feet. The property cost $200,000 and had 1.5 baths and an attached garaged. Quotes for this home were obtained from State Farm, Allstate, and Farmers insurance companies. The rates were then averaged to arrive at a mean value for each city. To see an alphabetical list of all the cities included in the comparison analysis, please see below. We've displayed all cities from Abingdon to Zion with the average cost of our benchmark property and how much each city costs relative to the statewide average.
|Rank||City||Average Insurance Rate||Cost Compared to Average|
|33||Elk Grove Village||1,322||-14%|
|47||Indian Head Park||1,363||-12%|
|6||La Grange Park||1,207||-22%|