Who Has The Cheapest Renters Insurance Quotes in Illinois?

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Chicago is the third largest city in the nation while Illinois is one of the most populated states. Unsurprisingly, many apartment renters come from Prairie State, and if you rent an apartment, you should have renters insurance. You don't want to overpay though. To find the most affordable renters insurance rates in Illinois for you, we evaluated quotes for a 1,000 sf rental property and $100,000 in liability coverage across the state. Read on to figure out what renters insurance company will be best for you. When your done, put in your information up top or below to start a quote.

Cheapest Renters Insurance in Chicago

To find the most affordable apartment insurance in Chicago, we looked at several companies that sell insurance in the city and got quotes for a sample apartment. Our analysis found that State Farm was the best renters insurance company offering rates for an average of $281 per year.

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Liberty Mutual was not too far behind offering a yearly average rate of $288 per year. As we will discuss more below however, State Farm tends to do far better than Liberty Mutual when it comes to customer service and interaction.

Do You Need Renters Insurance in Chicago?

By law, you are not required to have renters insurance in Chicago, Illinois or anywhere in the U.S. Some landlords, as per agreements of a lease, require their tenants take out a policy, but for the most part people will never take out a renters insurance policy. Just because you aren't required to have one though doesn't mean you shouldn't get one. If you took a survey of all the things you currently own in your apartment; your clothes, computers, tablets, fridge, dressers, desks, bed, you easily tally well over several thousand dollars worth of items. One unintentional fire is enough to destroy it all.

According to the Fire Safety Administration, $6.9 billion worth of losses were caused by fires in residential buildings in 2014. 37% of those were cooking fires. The point is, fires happen everyday across the country, causing very expensive damage. If you have a renters insurance policy, you won't have to worry as much since almost all your belongings in the fire will be covered up to the limits you purchase on your policy. The numbers we discuss above cover $25,000 worth of coverage. Furthermore, your renters policy will also cover you from at least $100,000 worth of liability. If someone were to enter your apartment, and get injured under your supervision, your renters policy would take care of their medical bills.

Everything Your Renters Insurance Covers in Chicago

  • Personal Property: Damage caused by fires, winds, and storms, or if they are stolen you will be covered.
  • Liability: If someone gets hurt or you cause damage to another apartment
  • Medical Payments: If someone needs an emergency medical procedure covers usually around $5,000
  • Additional Living Expenses: If you need a hotel cause of a destroyed apartment, insurance pays for the room
  • Special Items: For extra you can insure jewelery and musical instruments

Cheapest Renters Insurance in Illinois

As for the rest of Illinois, our study analyzed renters insurance from the same providers we surveyed for Chicago. We found that State Farm was also the cheapest renters insurance in the rest of the state with an annual rate of $184 according to our sample renters policy. This is 25% less expensive than the average annual rate for Illinois. In contrast, according to our sample, Nationwide had the most expensive renters insurance with an annual rate of $307, which is about 25% more expensive than the average annual rate. We were unable to get quotes from GEICO online for Illinois residents. The following table compares the annual rates of the five biggest companies, ranked from cheapest to most expensive:

RankCheapest Renters Insurance CompanyAnnual Rates
1 State Farm $184
2 Farmers 217
3 Liberty Mutual 277
4 Nationwide 307
Average 246

Your quote will differ depending on the size of your apartment or house, and other variables.

Best Renters Insurance Rates in Illinois: by City

The five places with the best renters insurance in Illinois are scattered around the state. Two are outside of Chicago, two are outside St. Louis and the fifth is in the southeast part of the state. The title of the cheapest renters insurance rates in Illinois goes to Carmi, where premiums are 30% lower than the state average. 

RankCityAverage Annual Rate*% Difference vs State Average
1 Carmi $173 -30%
2 Hoopeston 173 -30%
3 Jerseyville 219 -12%
4 Deerfield 222 -10%
5 Downers Grove 224 -10%

*The Average Annual Rate is rounded to the nearest whole dollar amount.

Carmi, IL

Our sample renters had the lowest renters insurance quotes in Illinois in Carmi, out of the 200+ cities surveyed in our Illinois research. The city of more than 5,400 residents and is home to Southeastern Illinois College. There is a number of notable people from the southeast Illinois city, including John McCracken Robinson, a senator and Illinois Supreme Court justice. Renters insurance premiums in Carmi are 30% lower than the state average. 

Hoopeston, IL

Hoopeston has fewer than 5,500 residents and is part of the Danville Metropolitan Statistical Area. Business and industry in the area have historically revolved around agriculture and as a result, Hoopeston is known for its annual Sweet Corn Festival. The city also has some of the least expensive renters insurance in Illinois, with premiums 30% lower than the state average. 

Jerseyville, IL

With about 8,500 residents, Jerseyville has a number of parks and is serviced by two major highways. It is part of the St. Louis Metropolitan Statistical area and was minor stop on the Underground Railroad. Renters insurance premiums in Jerseyville are 12% lower than the state average, placing Jerseyville with the third most afforable renters insurance in Illinois.

Deerfield, IL

Deerfield, a village in both Cook and Lake counties, ranks with the fourth cheapest renters insurance rates in Illinois. It’s home to more than 18,000 residents and has one of the best public school systems in the state. It is closely linked to the Windy City, with a Metra station with trains in and out of downtown Chicago every day. The station was briefly shown in the 1983 Paul Brickman film “Risky Business,” starring Tom Cruise. Renters insurance rates are 10% lower than the state average. 

Downers Grove, IL

Downers Grove is one of the largest villages in Illinois, with nearly 50,000 residents. Its connection to Chicago’s Loop and better affordability for businesses than downtown have made it a corporate hub. Every Day's a Sundae, Advocate Health Care, and Dover Corporation, a Fortune 500 company, are headquartered in Downers Grove. Other companies with a presence in the village include MetLife, State Farm and Microsoft. Renters insurance quotes in Downers Grove are 10% lower than the state average, which rounds out our top five list.

Most Expensive Renters Insurance in Illinois

The five places with the most expensive renters insurance in Illinois are primarily located in the northern half of the state, with the exception of Paris. As can be expected, Chicago takes the spot with the most expensive renters insurance rates in Illinois; premiums are 36% higher than the state average.

RankCityAverage Annual Rate*% Difference vs State Average
2 Chicago $338 34%
2 Paris 330 33%
3 Toulon 294 19%
4 Galena 286 15%
5 Herscher 280 13%

*The Average Annual Rate is rounded to the nearest whole dollar amount.

Paris, IL

With roughly 6,500 residents, the population of of Paris hasn’t changed but, relative to the history of other cities. More than 100 years ago, the population was 6,100. The city is only 165 miles from Chicago and 90 miles from Indianapolis. Renters insurance rates in Paris are 33% higher than the state average.

Toulon, IL

Toulon is known for the nearby Rock Island Trail State Park and as a campaign stop for Abraham Lincoln and Stephen A. Douglas in a 1858 Senate race. Renters insurance premiums in Toulon are 19% higher than the average in the state, based on our sample property data. 

Galena, IL

More than 580 acres of Galena are listed on the National Register of Historic Places as the Galena Historic District. The mining town has roughly 3,500 residents and was named after the natural form of lead sulfide (PbS) and the most important lead ore. Premiums for the study sample property were 15% higher in Galena than the state average.

Herscher, IL

Herscher is part of the Kankakee–Bradley Metropolitan Statistical Area and the Chicago–Naperville–Michigan City Combined Statistical Area. It has about 1,700 residents. Premiums for the profiled rental in our study are 13% higher here compared to elsewhere in the state.

Average Renters Insurance Rates in Illinois: by City

Our comparative study of renters insurance premiums in Illinois was done by gathering and analyzing quotes from four major carriers across 226 cities in the state. Our analysis showed premiums from the most expensive place were 95% higher than the cheapest place in the state. That's one of the higher variances between the cheapest and the most expensive premiums we've seen nationally. For example, the most expensive city in Delaware is only 7% more expensive that the cheapest. California's renters insurance market was one of the few that exceeded the range found in Illinois; quotes for the most expensive location were more than 2x the cost of the cheapest.

Study Methodology

Our study examined renters insurance quotes for a 1,000-square-foot residence with at least $25,000 in personal property coverage and $100,000 in liability coverage. We then collected quotes for that sample residence from four of the major carriers that offer a renters insurance product in the state of Illinois. We averaged rates for the sample home in each city as a benchmark to show which cities are relatively cheaper or more expensive. Those comparative values are not indicative of what tenants can expect to pay for an annual renters insurance premium.

RankCityAverage Annual Rate% Difference vs State Average
132 Albion $250 1%
115 Aledo 246 -1%
18 Alton 229 -8%
213 Amboy 269 8%
112 Anna 246 -1%
72 Arcola 241 -3%
202 Ashton 267 8%
168 Astoria 253 2%
40 Aurora 234 -6%
114 Barrington 246 -1%
91 Bartlett 243 -2%
10 Batavia 226 -9%
152 Beardstown 252 2%
183 Belleville 257 4%
98 Bensenville 244 -2%
162 Benton 253 2%
178 Berkeley 256 3%
14 Berwyn 228 -8%
61 Bloomingdale 240 -3%
86 Bolingbrook 243 -2%
153 Bourbonnais 252 2%
135 Braidwood 251 1%
136 Braidwood 251 1%
157 Brookfield 253 2%
32 Buffalo Grove 233 -6%
31 Burr Ridge 232 -6%
223 Byron 278 12%
173 Cairo 254 2%
218 Cambridge 274 11%
167 Canton 253 2%
85 Carbondale 243 -2%
42 Carlinville 236 -5%
1 Carmi 173 -30%
33 Carol Stream 233 -6%
43 Carrollton 236 -5%
193 Carthage 260 5%
50 Caseyville 237 -4%
110 Champaign 246 -1%
26 Charleston 232 -7%
189 Chester 258 4%
229 Chicago 338 36%
195 Chicago Heights 261 5%
30 Chillicothe 232 -6%
224 Cicero 279 13%
66 Clarendon Hills 240 -3%
96 Clifton 244 -2%
159 Countryside 253 2%
188 Crystal Lake 258 4%
55 Danville 239 -4%
74 Darien 242 -3%
122 Decatur 248 0%
4 Deerfield 222 -10%
104 Dekalb 245 -1%
7 Des Plaines 225 -9%
109 Dixon 246 -1%
5 Downers Grove 224 -10%
131 Du Quoin 250 1%
54 Edwardsville 238 -4%
88 Effingham 243 -2%
94 Elburn 244 -2%
34 Elgin 233 -6%
37 Elmhurst 234 -6%
220 Elmwood Park 276 11%
39 Eureka 234 -6%
184 Evanston 257 4%
48 Flora 237 -4%
107 Forest Park 245 -1%
148 Frankfort 252 2%
119 Franklin Park 247 -1%
23 Freeburg 231 -7%
192 Freeport 260 5%
226 Galena 286 15%
191 Galva 260 5%
130 Geneseo 250 1%
92 Geneva 244 -2%
41 Georgetown 235 -5%
75 Gibson City 242 -3%
214 Gilman 272 9%
16 Glen Ellyn 229 -8%
163 Glencoe 253 2%
15 Glendale Heights 228 -8%
103 Glenview 245 -1%
222 Goreville 278 12%
105 Granville 245 -1%
52 Grayslake 238 -4%
6 Hanover Park 224 -10%
209 Harpe 268 8%
150 Harrisburg 252 2%
212 Havana 268 8%
225 Herscher 280 13%
164 Highland 253 2%
81 Highland Park 242 -2%
120 Hillsboro 248 0%
160 Hodgkins 253 2%
2 Hoopeston 173 -30%
161 Indian Head Park 253 2%
8 Itasca 225 -9%
21 Jacksonville 230 -7%
3 Jerseyville 219 -12%
11 Joliet 227 -9%
121 Kankakee 248 0%
155 La Grange Pk 252 2%
82 La Salle 242 -2%
35 Lake Forest 233 -6%
116 Lake Zurich 246 -1%
45 Lanark 236 -5%
144 Lawrenceville 251 1%
146 Lemont 252 1%
217 Lewistown 272 10%
49 Libertyville 237 -4%
215 Lincoln 272 10%
204 Lincolnwood 267 8%
59 Lisle 239 -3%
101 Lockport 245 -1%
145 Lockport 252 1%
44 Lombard 236 -5%
158 Lyons 253 2%
25 Macomb 231 -7%
19 Mahomet 230 -7%
67 Manhattan 240 -3%
89 Manteno 243 -2%
139 Marion 251 1%
187 Marshall 258 4%
24 Mascoutah 231 -7%
27 Mattoon 232 -7%
47 McCook 237 -5%
60 McLeansboro 240 -3%
57 Mendota 239 -4%
154 Metropolis 252 2%
38 Mokena 234 -6%
12 Moline 227 -9%
137 Monee 251 1%
138 Monee 251 1%
117 Monmouth 246 -1%
166 Morris 253 2%
126 Morton 249 0%
149 Mount Carmel 252 2%
78 Mount Prospect 242 -2%
203 Mount Sterling 267 8%
129 Mount Vernon 250 1%
208 Moutn Carroll 268 8%
36 Mundelein 233 -6%
113 Murphysboro 246 -1%
17 Naperville 229 -8%
99 Neoga 244 -2%
69 New Lenox 241 -3%
169 Newman 254 2%
76 Niles 242 -2%
181 Normal 256 3%
201 Norridge 266 7%
20 Northbrook 230 -7%
128 O'Fallon 250 1%
198 Oak Brook 262 6%
200 Oak Park 263 6%
63 Oakbrook Terrace 240 -3%
73 Oblong 241 -3%
219 Okawville 275 11%
210 Oregon 268 8%
90 Orion 243 -2%
151 Orland Park 252 2%
124 Oswego 249 0%
180 Ottawa 256 3%
147 Palos Heights 252 1%
207 Pana 267 8%
228 Paris 330 33%
140 Park Ridge 251 1%
125 Paxton 249 0%
134 Pekin 251 1%
123 Peoria 248 0%
205 Pittsfield 267 8%
93 Plainfield 244 -2%
79 Pontiac 242 -2%
83 Princeton 242 -2%
106 Prospect Heights 245 -1%
165 Rantoul 253 2%
196 River Forest 261 5%
118 Robinson 246 -1%
211 Rochelle 268 8%
111 Rock Island 246 -1%
190 Rockford 258 4%
133 Romeoville 250 1%
29 Roselle 232 -6%
156 Rverside 252 2%
28 Saint Charles 232 -6%
182 Saint Joseph 256 3%
199 Savanna 263 6%
102 Shelbyville 245 -1%
62 Sidell 240 -3%
68 Skokie 241 -3%
172 Springfield 254 2%
176 Staunton 255 3%
127 Sterling 249 1%
97 Stickney 244 -2%
141 Streamwood 251 1%
77 Sullivan 242 -2%
108 Summit 246 -1%
143 Sumner 251 1%
186 Taylorville 257 4%
175 Teutopolis 254 3%
185 Tinley Park 257 4%
197 Tonica 262 6%
227 Toulon 294 19%
46 Trenton 237 -5%
206 Vandalia 267 8%
71 Vernon Hills 241 -3%
216 Vienna 272 10%
64 Villa Park 240 -3%
56 Warrenville 239 -4%
100 Washington 244 -1%
87 Waterloo 243 -2%
95 Wateska 244 -2%
51 Waukegan 238 -4%
65 West Chicago 240 -3%
179 West Frankfort 256 3%
174 Westchester 254 2%
22 Western Spring 231 -7%
58 Westmont 239 -4%
70 Willow Springs 241 -3%
9 Willowbrook 225 -9%
53 Wilmette 238 -4%
177 Wilmington 255 3%
80 Winfield 242 -2%
142 Winnetka 251 1%
84 Wood Dale 243 -2%
13 Woodridge 227 -8%
170 Woodstock 254 2%
221 Worth 277 12%
194 Yorkville 261 5%
171 Zion 254 2%

*The Average Annual Rate is rounded to the nearest whole dollar amount.

Sources:
Illinois Population Data
Illinois Department of Insurance

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