We can help you find the best home and flood insurance companies in your area, learn about the average cost of home insurance in your town or city, and more with our ultimate guide to home insurance in Illinois.
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Average cost of home insurance in Illinois
The average cost of home insurance in Illinois is $1,720 per year, but according to our Policygenius Home Insurance Pricing Report, rates have gone up for many homeowners. Our report found that people who renewed their coverage in 2023 saw an average premium increase of 24% compared to the year before.
Rates in Illinois and other states prone to natural disasters will likely keep going up. More severe weather, like tornadoes, hurricanes, and wildfires, as well as higher rebuilding costs stemming from inflation, will make it even more expensive to get home insurance in the future.
Learn more >> Average cost of home insurance in Illinois
Best home insurance in Illinois
The best homeowners insurance company in Illinois is State Farm for its policy add-ons and coverage options, as well as its highly rated customer service and strong financial strength. However, your best home insurance company will depend on the amount and type of coverage you need, the age of your home, your budget, and other factors.
Company | Best for … | Average annual cost | Policygenius rating | |
|---|---|---|---|---|
Policy add-ons | $1,561 | 4.8 out of 5 | ||
Lots of discounts | $1,590 | 4.5 out of 5 | ||
Coverage options | $2,025 | 4.5 out of 5 | ||
Flood insurance | $1,395 | 4.5 out of 5 | ||
Low rates | $1,059 | 4.4 out of 5 |
Learn more >> Best home insurance companies in Illinois in 2024
Methodology & why you can trust our rates
Policygenius has analyzed home insurance rates provided by Quadrant Information Services in March 2022 for ZIP codes in all 50 states plus Washington, D.C., for a 40-year-old female homeowner with no claim history, good credit, a $1,000 deductible, and the following coverage limits:
Dwelling: $300,000
Other structures: $30,000
Personal property: $150,000
Loss of use: $60,000
Liability: $300,000
Medical: $1,000
All rates based on the above coverage limits except where otherwise noted.
Some carriers may be represented by affiliates or subsidiaries. Rates provided are a sample of costs. Your actual quotes may differ.
Cheapest home insurance in Illinois
The cheapest homeowners insurance company in Illinois is Allstate, which offers coverage for an average of $1,059 per year — that’s 38% cheaper than the statewide average.
Company | Average annual cost | Policygenius rating | |
|---|---|---|---|
$1,059 | 4.4 out of 5 | ||
$1,103 | 5 out of 5 | ||
$1,189 | 4.3 out of 5 | ||
$1,391 | 4.9 out of 5 | ||
$1,395 | 4.5 out of 5 | ||
$1,561 | 4.8 out of 5 | ||
$1,565 | 4.5 out of 5 | ||
$1,590 | 4.5 out of 5 |
Learn more >> Cheapest home insurance companies in Illinois in 2024
Illinois home insurance rates by city
Champaign has the cheapest homeowners insurance rates in Illinois (among its 20 largest cities). The cost of home insurance in Champaign is about 15% cheaper than the statewide average in Illinois. A few other cities with cheaper rates than average are Elgin and Bloomington.
City | Average annual cost | |
|---|---|---|
Arlington Heights | $1,711 | |
Aurora | $1,593 | |
Bloomington | $1,474 | |
Bolingbrook | $1,492 | |
Champaign | $1,457 | |
$2,130 | ||
Cicero | $1,651 | |
Decatur | $1,583 | |
Des Plaines | $1,561 | |
Elgin | $1,468 | |
Evanston | $1,710 | |
Joliet | $1,555 | |
Naperville | $1,606 | |
Palatine | $1,631 | |
Peoria | $1,570 | |
Rockford | $1,536 | |
Schaumburg | $1,702 | |
Skokie | $1,777 | |
Springfield | $1,585 | |
Waukegan | $1,624 |
How to buy home insurance
When buying homeowners insurance in Illinois, you’ll need to make sure that your home is protected from damage that could be caused by strong thunderstorms, tornadoes, and flooding. Here’s what you should know:
Make sure your home insurance policy covers wind damage if you live in a part of Illinois where tornadoes are common.
Shop for flood insurance if you live in a high-risk area where damage is likely.
Get the right kind of homeowners insurance policy for your home — that may mean shopping for a policy designed for high-value homes, mobile homes, or buildings you own and lease.
Learn more >> How to buy home insurance in Illinois
Flood insurance in Illinois
A regular homeowners insurance policy doesn’t cover flood damage. If you live in a part of Illinois that’s at risk of flooding, it’s wise to consider purchasing flood insurance. Here’s what you should know:
About 118,485 homes in Illinois are at a high risk of flood damage.
The average cost of flood insurance in Illinois is $87 a month or $1,039 per year.
Coverage is most expensive in Millington ($2,197 per year) and cheapest in Cairo ($447 per year).
Most flood insurance policies are sold by the National Flood Insurance Program (NFIP), but you can also get flood insurance from a private insurer.
Learn more >> Compare quotes for flood insurance in Illinois
When is tornado season in Illinois?
From 1997 to 2022, Illinois experienced an average of 64 tornadoes per year, the sixth-highest number of tornadoes of any state. Historically, tornadoes in Illinois happen during tornado season, which is from April to June. That said, according to the National Weather Service, nearly half of all tornadoes in recent years have taken place from September to February. [1]
With tornadoes being so common in Illinois, you’ll want to take precautions if you live in an area at high risk of tornadoes. Remember: It’s a myth that tornadoes can’t hit big cities like Chicago. [2] Plus, strong thunderstorms with gusts of wind can still heavily damage your home — so consider taking precautions regardless of where you live.
Consider guaranteed replacement cost coverage so that you can fully rebuild your home if it’s destroyed.
Remove debris from your property that a storm could pick up.
Install wind-resistant windows and shutters.
Upgrade your roof, especially if it’s very old.
