We collected renters insurance rates for a sample policy that included $30,000 in coverage for 227 cities in the state of Illinois in order to determine which cities had the highest and best annual renters insurance quotes. Based on our study, renters in Illinois pay on average $212 per year for their renters insurance. Renters insurance prices in Illinois vary by over 35% between the cities in our study. Below, we profile the most and least expensive cities in Illinois for renters insurance. Read more about our study’s findings, or use our quote tool above to find renters insurance quotes in your area.
- Cheapest Renters Insurance Companies in Illinois
- Top 5 Best Cities for Renters Insurance In Illinois
- Top 5 Most Expensive Cities for Renters Insurance in Illinois
Cheapest Renters Insurance Companies in Illinois
We collected quotes for our sample policy across 227 cities from State Farm, GEICO, Liberty Mutual, Farmers and Nationwide. Quotes from each company were averaged to find which insurance company had the best renters insurance rates in Illinois. The graph below displays the average annual cost to insure our sample residence by company alongside the state average:
Top 5 Best Cities for Renters Insurance in Illinois
1. Carmi, IL
Carmi is a small city located in the southern region of the state near the Illinois-Indiana border. The city’s largest industry was initially agriculture, however, that quickly changed once oil was discovered in the area in 1939. The discovery of oil led to quick population growth as many workers moved to Carmi. Today, the city’s economy is more diverse and includes industries such as auto parts manufacturing and plastics.
Carmi has the cheapest renters insurance quotes in Illinois. Residents of Carmi pay an average annual renters insurance rate of $193, which is 9% less than the state average. Based on our study, State Farm provides the most affordable renters insurance quote in Carmi. State Farm quoted our sample policy an annual renters insurance rate of $121, which is $72 less than the city average.
2. Aurora, IL
Aurora, one of the largest cities in Illinois, is known as The City of Lights, a nickname that was earned by being the first city in the country to have all electric street lights. Aurora is located approximately 42 miles west of Chicago and Lake Michigan. The city’s east side residential areas are projected to house 60,000 people over the next two decades.
Aurora has the second cheapest renters insurance quotes in Aurora. Our research found that the average annual cost of renters insurance in Aurora was $199, which is 6% less than the state average. Based on our study, State Farm offered the lowest annual renters insurance quote at a cost of $118.
3. Monmouth, IL
Monmouth’s earliest settlers arrived after the expansion that took place following the War of 1812. The U.S. Congress offered land grants to veterans as a way to pay for their military service. John Talbot and his cousin, Allen Andrews, are credited as some of the city’s first settlers. The two were awarded land grants due to their military service. Since then, Monmouth has served as home to a few famous people, including Ronald Reagan.
Monmouth is the third best city for renters insurance in Illinois. On average, residents of Morganton pay $199 per year for their renters insurance policy, representing a rate that is $12 less than the state mean. State Farm and Farmers both offered annual renters insurance quotes of $145. The cheapest renters insurance quote in the city was offered by Liberty Mutual at $142 per year.
4. Eureka, IL
Eureka is a small city in Illinois located approximately 18 miles east of Peoria. Despite the city’s small size, there are more than ten higher education institutions located within 50 miles of Eureka, including Eureka College and Illinois State University. The latter currently has more than 20,000 students enrolled and has more than 3,000 employees. The most popular major at Illinois State University is education, which might explain the high number of higher education institutions in the area.
Eureka ranks as the fourth cheapest city for renters insurance in Illinois. The average annual renters insurance quote in the city was $200, which represents a rate that is 6% cheaper than the state average. We recommend that renters in Eureka compare quotes from State Farm, Liberty Mutual and Farmers as they offered annual renters insurance quotes within $2 of each other.
5. Carrollton, IL
Carrollton is a small city with a population of less than 3,000 people located near the Illinois-Missouri border. The city is bisected north to south by Interstate 67, which is a major road that stretches over 1,500 miles. The city is actually located closer to St. Louis, Missouri than any other large city in the state of Illinois.
If you’re searching for the best renters insurance in Carrollton, we recommend starting with Liberty Mutual. It quoted our sample policy an annual renters insurance rate of $144. State Farm and Farmers are also worth exploring as they offered slightly higher quotes at $146 per year each. Based on our study, Carrollton is the fifth best city for renters insurance in Illinois.
Top 5 Most Expensive Cities for Renters Insurance in Illinois
1. Chicago, IL
Chicago is the largest city in Illinois and the third largest in the country. Over the years the city has adorned with many nicknames, including, The Windy City, which might be the most popular. Chicago is a major economic hub as it hosts over 50 million visitors per year. Additionally, Chicago is home to 11 Fortune 500 companies and the surrounding metropolitan area hosts an additional 23 Fortune 500 companies.
Chicago ranks as the least affordable city for renters insurance in Illinois by a large margin. On average, residents pay $268 per year for renters insurance, which is 26% greater than the state average. The most affordable renters insurance quotes in Chicago were offered by Liberty Mutual at an annual cost of $201. Based on our study, Liberty Mutual was the only insurance company in Chicago to offer a quote below the state average.
2. Washington, IL
Washington was established in 1825 and is located approximately eight miles east of Peoria. The city has incorporated various business friendly incentives to boost economic activity. One of those incentives is a 50% reduction of building and zoning fees for properties in the city’s enterprise zone. Washington also has a program that offers renovation and improvement subsidies.
If you’re searching for renters insurance in Washington, we suggest beginning with Liberty Mutual and Farmers. The two companies offered renters insurance quotes within $1 of each other at $144 and $145 per year, respectively. Washington ranks as the second least affordable city for renters insurance in the state of Illinois. Residents of Washington pay an average annual cost of $239 for renters insurance.
3. Des Plaines, IL
Des Plaines is a city located in Cook County just 19 miles northwest of downtown Chicago. The city was founded by German immigrants in the early 1800s and as a result, German was the primary language in many homes and churches located in Des Plaines. The city’s growth is largely attributed to its proximity to Chicago and Chicago-O’Hare International Airport.
Based on our research, annual renters insurance quotes in Des Plaines vary by $218, which is just $3 less than the average renters insurance quote in Illinois. On average, residents of Des Plaines pay $239 per year for renters insurance, which is 13% greater than the state mean. State Farm offered the least affordable renters insurance quote in the city at an annual cost of $118.
4. Rockford, IL
The city of Rockford is located in northern Illinois. Rockford has an interesting past as in the late 1800s the top industry in the city was furniture manufacturing. By the turn of the century, Rockford was the second largest furniture manufacturing center in the country. The industry was severely impacted by the Great Depression and is no longer one of the city’s largest.
Based on our study, Rockford ranks as the fourth most expensive city for renters insurance in the state. On average, Rockford residents pay $237 per year for renters insurance, representing a rate that is 12% greater than the state average. Our study concluded that renters insurance quotes in Rockford vary by $173.
5. Prospect Heights, IL
Prospect Heights was incorporated as recently as 1976, but the city has a much longer history. Carlton Smith and Allen Dawson, two young developers, were the first people to build homes in the area. Many families followed and by 1955 there were nearly 600 homes located in the area. However, since there was no official government, the Prospect Height Improvement Association served a replacement. The city was eventually incorporated and became a part of Cook County.
State Farm quoted the most affordable renters insurance rate in Prospect Heights at $132 per year, which is $80 less than the state mean. Based on our study, State Farm was the only company in Prospect Heights that offered a quote that was less than the state average. Prospect Heights ranks as the fifth least affordable city for renters insurance quotes in Illinois.
We studied 227 cities, which are spread out geographically throughout Illinois. The sample renters insurance policy we collected quotes for included $30,000 of coverage. Quotes were obtained from State Farm, GEICO, Liberty Mutual, Farmers and Nationwide insurance companies. The renters insurance rates were then averaged to arrive at a mean for each city. Below, we provide an alphabetical list of all the cities included in our study.
|Rank||City||Average Insurance Rate||Cost Compared to Average|
|132||Indian Head Park||$212||0%|
|150||La Grange Pk||$214||1%|