Lemonade has the best renters insurance rates in Illinois — a policy costs $7 per month, on average.
Compare Cheap Renters Insurance in Illinois
Cheapest renters insurance in Illinois
The average cost of renters insurance in Illinois is $14 per month, or $168 per year.
Lemonade has the cheapest renters insurance in Illinois at $7 per month, which is half the average price. State Farm also has affordable rates, at $11 per month.
Compare Cheap Renters Insurance in Illinois
Renters in Illinois pay $47 per year less than the national average, which is $215 per year.
Cheapest renters insurance companies in Illinois
Best renters insurance overall in Illinois: Lemonade
We recommend Lemonade as the best renters insurance option for most people in Illinois. It has the cheapest prices of any company we looked at, with an average rate of $7 per month. That's 49% less than the statewide average — a savings of $83 per year.
Lemonade also offers a user-friendly online experience.
Its streamlined shopping experience uses a chat-bot to help renters get a quote and purchase a policy in just a few minutes. Renters can file a claim using the Lemonade website or app — simple claims are often processed immediately, which is much faster than traditional insurers.
Unfortunately, Lemonade has mixed customer service reviews. It received the second-highest score on J.D. Power's annual customer satisfaction survey. However, Lemonade receives nearly twice as many complaints as other insurers of a similar size, according to the National Association of Insurance Commissioners (NAIC).
Best for local insurance agents: State Farm
State Farm offers the best renters insurance in Illinois for people who prefer working with an agent. On average, a policy costs $11 per month, which is 21% cheaper than the state average. In addition, State Farm gives renters the option to share a policy with roommates, a choice that's not available from many other insurers. Splitting the cost of a policy with roommates may make State Farm the cheapest option for these renters.
Renters are generally satisfied with the service they receive from State Farm. The company has fewer customer complaints than other insurers based on its size, according to the NAIC. In addition, State Farm earned an above-average score on J.D. Power's customer satisfaction survey.
The main drawback to State Farm is its mediocre coverage options. While the company offers a few useful extras like valuables coverage and extended liability, it's missing other important features such as replacement cost coverage.
Best customer service: Amica
We recommend Amica for renters focused on top-rated customer service. In general, renters are satisfied with the service they receive from Amica. According to the NAIC, the company only receives one-third as many complaints as expected relative to its size.
Amica's rates are on the expensive side at $16 per month, which is 14% more than the Illinois state average. The cost of a policy from Amica is more than double the price of the same coverage from the cheapest insurer we found, Lemonade.
While renters can customize a policy with extra coverages like replacement cost and identity theft protection, Amica lacks some common add-ons such as water backup coverage.
Illinois renters insurance quotes by city
Renters in Chicago pay the highest rates for insurance in Illinois — $193 per year, on average.
The cheapest quotes in the state's major cities can be found in Naperville, where a policy costs $162 per year. That's $31 per year cheaper than Chicago.
Average annual cost
Difference from state average (%)
Best-rated renters insurance in Illinois
Amica offers Illinois renters the highest-rated customer service experience in the state.
Great customer service is essential when choosing a renters insurance company. A company with dependable, friendly customer service can make the process of buying your policy much easier and reduce the stress of having to file a claim.
Frequently asked questions
Who has the best renters insurance in Illinois?
Is renters insurance required in Illinois?
Renters insurance is not required in Illinois. However, your landlord or property management company may require you to purchase a policy as a part of your lease agreement.
Where can I find the cheapest renters insurance in Illinois?
Lemonade has the cheapest renters insurance quotes in the state. A policy costs $7 per month, or $85 per year, on average.
How much does renters insurance cost in Aurora, IL?
Renters in Aurora can expect to pay $14 per month for insurance, which is 3% more expensive than the state average. In comparison, those living in Springfield pay $15 per month, on average, which is 5% higher than the Illinois average.
To compare the best renters insurance companies in Illinois, we collected quotes from seven top companies in 25 major cities around the state. Quotes are based on a single, 25-year-old man who lives alone and hasn't made any renters insurance claims. Our sample policy includes $30,000 of personal property coverage with a $500 deductible, plus $100,000 of liability protection.
To evaluate the customer service of renters insurance companies in Illinois, we considered three main sources: the National Association of Insurance Commissioners (NAIC) Complaint Index, J.D. Power's renters insurance satisfaction survey ratings and our own ValuePenguin editor's rating, which considers customer reviews, coverage offerings and the overall value provided by an insurer.