USAA has the cheapest average rate for home insurance in Illinois. Allstate is the second-most affordable, and Erie comes in close third. USAA only sells insurance to current and veteran military members, as well as some relatives, so Allstate and Erie are usually the best, cheapest choices for Illinois homeowners.
Even though Illinois home insurance rates come in lower than the national average, you still want to know what's out there to make sure you're getting the best home insurance at the lowest price. We've compiled this guide to give an overview of the most popular homeowners insurance companies in Illinois to help you make the best choice.
In this article
What are the cheapest home insurance companies in Illinois?
Of the six biggest homeowners insurance companies operating in Illinois, USAA has the cheapest average rate of $107 a month. Due to USAA limiting its services to only military members, Allstate has the lowest rates for most homeowners at an average of $129 a month. Erie is next at $130 a month.
| Company | Monthly rate |
|---|---|
| USAA | $107 |
| Allstate | $129 |
| Erie | $130 |
| State Farm | $131 |
| Great Northern | $152 |
| Country Mutual | $179 |
| Average rates are based on non-binding estimates provided by Quadrant Information Services. Your rates may vary. | |
How much is home insurance in Illinois?
The average monthly rate for homeowners insurance in Illinois is $153. This is just below the national average homeowners insurance rate of $159 a month.
| Region | Average monthly rate |
|---|---|
| Illinois | $153 |
| U.S. | $159 |
| Average rates are based on non-binding estimates provided by Quadrant Information Services. Your rates may vary. | |
When calculating your home insurance quote, insurers consider multiple factors, including:
- Your ZIP code
- The age of the house
- Construction materials used
- Regional extreme weather trends
- Your insurance history
Home insurance providers weigh these various factors differently, leading to the different prices for a policy. One company may put more weight on how old your house is than another, for example. To make sure you're finding the best coverage at the best price, compare quotes from multiple providers.
Find the best home insurance for you in Illinois
Your policy deductible will also play a part in your final home insurance quote. The higher your deductible is, the lower your premium. If you have a newer home or recently updated systems, consider increasing your deductible to save money on your premium. Below is a table showing how policy cost changes with a deductible increase of the three cheapest insurers in Illinois.
| Deductible | Allstate | Erie | USAA |
|---|---|---|---|
| $500 | $137 | $143 | $114 |
| $1,000 | $129 | $130 | $107 |
| $1,500 | $122 | $123 | $97 |
| $2,000 | $116 | $117 | $97 |
| Average rates are based on non-binding estimates provided by Quadrant Information Services. Your rates may vary. | |||
Your dwelling coverage limit affects your home insurance quote as well. Purchase enough dwelling coverage to rebuild your house after a total loss. The table below shows how rates from different Illinois home insurance providers change with dwelling coverage amount increases.
| Coverage | Allstate | Erie | USAA |
|---|---|---|---|
| $200,000 | $113 | $106 | $87 |
| $350,000 | $144 | $159 | $126 |
| $425,000 | $164 | $187 | $144 |
| $500,000 | $185 | $212 | $162 |
| Average rates are based on non-binding estimates provided by Quadrant Information Services. Your rates may vary. | |||
What are the best home insurance companies in Illinois?
We found that USAA, Allstate and Erie are the best homeowners insurance companies in Illinois. Here's why:
USAA: Cheapest rates and best for military members
USAA has the cheapest rates for home insurance in Illinois, with an average rate of $107 a month, 30% cheaper than Illinois' average rate of $153. In J.D. Power's 2022 U.S. Home Insurance Study, USAA received a score of 884 out of 1,000, the best of any home insurer in the study. USAA isn't officially ranked in the study due its limited market, otherwise it'd be at the very top of the study.
USAA only provides insurance products for currently serving and veteran military personnel, as well as their families. Over 500,000 veterans live in Illinois. If you count yourself among them, USAA is strongly recommended for your home insurance needs.
Allstate: Best discounts
Allstate has an average monthly rate of $129 in Illinois, 19% cheaper than the state average rate of $153 a month. Allstate tends to maintain low premiums by offering a wide array of discount options. These include:
Multipolicy discount: If you bundle your home insurance with your car or life insurance policy, you can save up to 25% on your annual insurance costs.
Welcome and loyalty discount: When you first sign up with Allstate, you'll get a 10% discount that remains for the duration of the time you carry your policy.
Early signing discount: You can save up to 10% on your premium by signing up for homeowners insurance with Allstate at least seven days before the expiration date of your current policy.
Claim-free discount: If you sign up for home insurance with Allstate with no recent claims on your homeowners insurance, you can save up to 20% on your premium. Furthermore, you get 5% of your premium back at renewal time every year you don't file a claim.
Erie: Best replacement coverage
On top of a low average rate of $130 a month, Erie's replacement coverage is some of the best available. After a total loss, its guaranteed replacement coverage takes care of the entire cost of rebuilding your home, even if the cost exceeds your dwelling coverage limit.
The cheapest home insurance in Illinois by city and county
In looking at the five biggest cities in Illinois, most Naperville homeowners pay the cheapest rates for insurance with Erie at $98 a month. Aurora has the next-lowest average rate of $103 a month with Erie.
| Company | Aurora | Chicago | Joliet | Naperville | Rockford |
|---|---|---|---|---|---|
| Allstate | $121 | $125 | $127 | $120 | $117 |
| Erie | $103 | $118 | $122 | $98 | $113 |
| USAA | $95 | $109 | $97 | $92 | $103 |
| Average rates are based on non-binding estimates provided by Quadrant Information Services. Your rates may vary. | |||||
When looking at Illinois' five largest counties, most DuPage County residents pay the lowest average premium for home insurance with Erie, at $102 a month. Kane County has the next cheapest average home insurance rates, also with Erie, at $107 a month.
| Company | Cook | DuPage | Kane | Lake | Will |
|---|---|---|---|---|---|
| Allstate | $125 | $124 | $124 | $118 | $123 |
| Erie | $116 | $102 | $107 | $109 | $115 |
| USAA | $100 | $91 | $96 | $95 | $96 |
| Average rates are based on non-binding estimates provided by Quadrant Information Services. Your rates may vary. | |||||
Frequently asked questions
Illinois homeowners aren’t required to purchase home insurance by law. However, If you have a mortgage, your lender will most likely require you to purchase homeowners insurance.
The best homeowners insurance depends on your needs. Allstate is a great option for cheap rates and great discounts. If you’re in the military, USAA might be a great option for you due to its military benefits and cheap rates.
Methodology
We collected quotes from every ZIP code in Illinois for a standard HO-3 homeowners insurance policy using the following coverages:
- $275,000 dwelling coverage (unless otherwise noted)
- $27,500 other structures
- $137,500 personal property
- $55,000 loss of use coverage
- $100,000 liability
- $5,000 medical payments
- $1,000 deductible (unless otherwise noted)
Sources:
Home insurance by city
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