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Last updated on Sep 10, 2020

The Best Illinois Homeowners Insurance Company

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    The combination of Midwest charm and affordable housing makes Illinois an attractive place to live. While the Prairie State’s cities have a lot to offer, there are challenges that its residents might encounter when choosing the right homeowner’s insurance company for them. 

    Our team took the time to study the home insurance companies’ market share, average annual premiums, coverages offering and discounts to determine which ones provide customers the best home insurance in Illinois. 

    Our list of top contenders for best homeowners insurance in Illinois includes well-known national players like Farmers and Allstate and smaller companies such as Country Financial. Some of our choices also made the cut for our nationwide list of best homeowners insurance companies.

    The 5 Best Homeowners Insurance Companies in Illinois 

    Compare the Best Illinois Homeowners Insurance

    ProviderAverage PriceAM Best Financial StrengthJ.D. Power Overall Customer Satisfaction
    Allstate $868A+814
    American Family $1,113 A881
    State Farm $ 1,344A++831
    Farmers $1,470A808
    Country Financial$2,383A+814

    Information as of 09/07/2020

    Allstate

    Allstate’s strength is in the diversity of its offerings and discounts, which allow you to pick and choose the coverage that works best for your circumstances. It has a great website with tons of useful information.

    Allstate

    Most Customizable

    Why we chose it

    Allstate’s discounts add up to lower premiums, making the company a good choice for anyone looking to save a few dollars on their premium costs. Allstate is also generous in its coverage, providing up to $10,000 for accidental damage.
    • 4 Reviews Score
    • A+ AM Best Rate AM Best rates car insurance provider’s creditworthiness. Ratings are based on the provider’s ability to follow through with a payout when a consumer files a claim.
    • 814* J.D. Power J.D. Power scores are based on surveys for customer satisfaction and product quality.
    • A+ BBB Rating The BBB rates companies based on trustworthiness and performance. The company uses a variety of factors, including how the company handles customer complaints.

    Why we chose it

    Allstate’s discounts add up to lower premiums, making the company a good choice for anyone looking to save a few dollars on their premium costs. Allstate is also generous in its coverage, providing up to $10,000 for accidental damage.

    Pros

    • Diverse discount opportunities
    • Informative website and digital tools
    • Above-average customer service

    Cons

    • NAIC complaint index high
    • Financial strength ratings good, but not great

    Discounts available

    • Early signing discount
    • Homebuyer discount
    • Hail-resistant roof discount

    Unique features

    Allstate’s discount list is longer than most national insurers. You could save up to 10% on your premiums if you sign up for your new policy at least seven days before the current one expires.

    *J.D. Power 2019 Home Insurance Customer Satisfaction Survey, based on a 1,000-point scale

    Further Reading on Allstate:

    American Family Insurance

    American Family Insurance is a good choice for any type of homeowner, but it especially shines for new homebuyers. The insurer’s affordable premiums and various online learning resources are ideal for someone just getting started with purchasing their first home.

    American Family

    Best for New Homebuyers

    Why we chose it

    American Family Insurance makes it easy to decide on what type of homeowners insurance you need. The website provides comparisons of home insurance in Illinois, calculators, and inventory worksheets to help you get the right coverage.
    • 3.75 Reviews Score
    • A AM Best Rate AM Best rates car insurance provider’s creditworthiness. Ratings are based on the provider’s ability to follow through with a payout when a consumer files a claim.
    • 881* J.D. Power J.D. Power scores are based on surveys for customer satisfaction and product quality.
    • A BBB Rating The BBB rates companies based on trustworthiness and performance. The company uses a variety of factors, including how the company handles customer complaints.

    Why we chose it

    American Family Insurance makes it easy to decide on what type of homeowners insurance you need. The website provides comparisons of home insurance in Illinois, calculators, and inventory worksheets to help you get the right coverage.

    Pros

    • Customizable coverage options
    • Good customer satisfaction ratings (24/7 claims center)
    • Solid financial ratings
    • Helpful digital resources for new homebuyers

    Cons

    • Not BBB accredited
    • Limited availability

    Discounts available

    • Smart home discount
    • Generational discount if your parents are policyholders
    • Renovated home discount

    Unique features

    American Family’s MyAmFam App was redesigned to make managing your homeowners insurance policy easier. 

    *J.D. Power 2019 Home Insurance Customer Satisfaction Survey, based on a 1,000-point scale

    Further Reading on American Family:

    State Farm

    State Farm offers above-average customer support along with competitive pricing and solid coverage options. For those new to homeownership, its Simple Insights blog can tell you everything you need to know about homeownership in general. 

    State Farm

    Best Web Experience

    Why we chose it

    Providing a high-quality customer experience is only one of State Farm’s strengths. It also offers good policy coverages with add-ons to allow you to customize your policy.
    • 3.75 Reviews Score
    • A++ AM Best Rate AM Best rates car insurance provider’s creditworthiness. Ratings are based on the provider’s ability to follow through with a payout when a consumer files a claim.
    • 831* J.D. Power J.D. Power scores are based on surveys for customer satisfaction and product quality.
    • A BBB Rating The BBB rates companies based on trustworthiness and performance. The company uses a variety of factors, including how the company handles customer complaints.

    Why we chose it

    Providing a high-quality customer experience is only one of State Farm’s strengths. It also offers good policy coverages with add-ons to allow you to customize your policy.

    Pros

    • Financially strong
    • Excellent web presence
    • 19,000+ agents nationally
    • Informative blog

    Cons

    • Limited discounts
    • Higher premiums

    Discounts available

    • Multiple policy discount
    • Fire, smoke, or burglar alarms discount
    • Impact-resistant roof discount

    Unique features

    State Farm’s comprehensive website makes it easy to get a detailed quote in minutes. You can also pay your bill, file and manage a claim, and handle most maintenance tasks either online or via the company’s app.

    *J.D. Power 2019 Home Insurance Customer Satisfaction Survey, based on a 1,000-point scale

    Further Reading on State Farm:

    Farmers

    Farmers offers an unusual quoting system that features three tiers of service. Within those three tiers, you can further customize your policy if you have, say, expensive electronics or jewelry to cover.

    Farmers

    Best Pricing Options

    Why we chose it

    Those three options for your coverage allow you to choose a policy that works for your pocketbook. Even at the lowest level, you can choose higher coverages for specific items, making your policy one of a kind.
    • 3.5 Reviews Score
    • A AM Best Rate AM Best rates car insurance provider’s creditworthiness. Ratings are based on the provider’s ability to follow through with a payout when a consumer files a claim.
    • 808* J.D. Power J.D. Power scores are based on surveys for customer satisfaction and product quality.
    • A+ BBB Rating The BBB rates companies based on trustworthiness and performance. The company uses a variety of factors, including how the company handles customer complaints.

    Why we chose it

    Those three options for your coverage allow you to choose a policy that works for your pocketbook. Even at the lowest level, you can choose higher coverages for specific items, making your policy one of a kind.

    Pros

    • Three tiers of coverage
    • Bundling discounts
    • Identity theft coverage available

    Cons

    • Sparse website
    • Not as many discounts

    Discounts available

    • Nonsmokers discount
    • Multiple policies discount
    • Professional group member discount

    Unique features

    Farmers’ three tiers — standard, enhanced, and premier — let you pick the best coverage based on cost and coverages. The highest level, premier, includes replacement cost coverage with 100% reimbursement regardless of policy limits.

    *J.D. Power 2019 Home Insurance Customer Satisfaction Survey, based on a 1,000-point scale

    Further Reading on Farmers:

    Country Financial

    Country Financial offers home insurance, as well as a variety of other types of policies and financial services. If you’d like to have all your insurance coverage in one place, you’ll save time and money by working with a single insurer.

    Country Financial

    Best for Bundling

    Why we chose it

    Country Financial makes shopping for Arizona homeowners insurance easy. If you easily get overwhelmed by options, all you need to do is choose from one of three policies — a standard Basic policy, Premier insurance with a few additions for the contents of your home and a Combined policy with additional coverages for both your belongings and home.
    • ** Reviews Score
    • A+ AM Best Rate AM Best rates car insurance provider’s creditworthiness. Ratings are based on the provider’s ability to follow through with a payout when a consumer files a claim.
    • 814* J.D. Power J.D. Power scores are based on surveys for customer satisfaction and product quality.
    • A+ BBB Rating The BBB rates companies based on trustworthiness and performance. The company uses a variety of factors, including how the company handles customer complaints.

    Why we chose it

    Country Financial makes shopping for Arizona homeowners insurance easy. If you easily get overwhelmed by options, all you need to do is choose from one of three policies — a standard Basic policy, Premier insurance with a few additions for the contents of your home and a Combined policy with additional coverages for both your belongings and home.

    Pros

    • Pre-bundled homeowners insurance policies
    • 24/7 claims service
    • A variety of discounts available

    Cons

    • No mobile app for homeowners insurance
    • Not rated in customer satisfaction or financial standing by some of the top companies

    Discounts available

    • Safe heat discount
    • Age of wiring discount
    • New roof discount

    Unique features

    Country Financial prides itself in being a smaller, more personalized insurer. The company limits homeowners insurance coverage to just a few states, but those who qualify have access to a solid product and a variety of additional insurance coverages and investments.

    *J.D. Power 2019 Home Insurance Customer Satisfaction Survey, based on a 1,000-point scale

    Further Reading on Country Financial:

    Average Cost of Homeowners Insurance in Illinois

    According to the Insurance Information Institute, the average annual premium for homeowners insurance in Illinois is $1,056. Compared to the national average home insurance premium of $1,211, Illinois residents can expect slightly lower premiums than homeowners in other states. But keep in mind that factors like natural hazards risk and crime rates in your area can affect what you end up paying for your home insurance. 

    Another thing you need to be aware of is that average premiums are based on individual profiles, the specific features like the size and age of your home and what discounts the you qualify for will be key to determining the cost of your home insurance. 

    Home Insurance Add-Ons That Will Further Protect You 

    Natural disasters such as flooding, thunderstorms, and tornadoes can affect the residents of Illinois. Therefore, you need to make sure that you are covered for every possibility and for the right amount of losses that you could have. Add-ons will increase your monthly premiums, but it can save you money in the long run.

    Insurance coverage for flooding and other natural disasters might not be included in basic homeowners insurance policies, so before choosing your insurance company, make sure that you understand what your provider offers. Asking around about all these factors is vital during the quoting process since it could avoid economic windfalls if anything happens to your property.

    The Cheapest Homeowner Insurance Companies in Illinois  

    Homeowner  Insurance CompaniesAverage Annual Premium
    Allstate$868
    Memberselect Insurance Company$1,021
    USAA$1,069
    Garrison Property & Casualty Insurance Company $1,110
    American Family Insurance$1,113 
    Metropolitan Insurance$ 1,256
    State Farm$ 1,344
    Farmers Insurance$1,470
    Hastings Mutual Insurance Company$1,747
    Chubb$ 1,830
    Country Financial$ 2,383
    Encompass$ 2,577
    Liberty Mutual Fire Insurance Company$ 2,964

    Cost of Homeowners Insurance by Age of Home 

    Homeowner Insurance by Age of HomeAverage Annual Premium
    5$1,580
    20$2,183
    35$2,189
    50$2,187
    Average Across Tiers$2,035

    Top 3 Cheapest Homeowners Insurance Companies in Illinois 

    • Allstate – $868 annual average premium
    • Memberselect Insurance Company – $1,021 annual average premium
    • USAA – $1,069 annual average premium

    Top 3 Most Expensive Homeowners Insurance Companies in Illinois

    • Liberty Mutual Fire Insurance Company – $2,964 annual average premium
    • Encompass – $2,577 annual average premium
    • Country Financial – $2,383 annual average premium

    Resources Helpful for Illinois Homeowners

    To learn more about specific home insurance laws, you can go to the Illinois Department of Insurance’s official website. You can find information to aid homeowners, such as corrugated stainless steel tubing safety and the Illinois FAIR Plan, along with tips about home insurance in Illinois. For homeowners interested in reading about the  hazards that this state faces, the Illinois Emergency Management Agency offers details of the significant threats. Since the Land of Lincoln is prone to floods, FEMA has compiled resources on The National Flood Insurance Program, covering what to do in the event of a flood and the importance of having that coverage as part of your homeowners insurance.

    If you feel like you need an explanation on the type of  homeowners insurance you need, the local chapter of the Community Associations Institute wrote about the difference between the Ho-3 and HO-6 policies and which one is the right one for your family. Remember that you should get quotes from a few different companies in your area to find the best Illinois home insurance policy for you. The average annual premiums we present in this article are just a starting point since many factors affect each case’s price. 

    Homeowners Insurance FAQ 

    Is homeowners insurance required in Illinois?

    Homeowners insurance is not required by law in Illinois, but your mortgage lender will require a minimum coverage to protect the property. The limits of the home insurance may increase in areas that are prone to natural disasters. 

    What is the cheapest homeowners insurance in Illinois?

    Allstate homeowners insurance was the cheapest quote we could find in Illinois with an annual average price that starts at $868. Allstate is one of our top picks for this state, earning the place as the most customizable home insurance on the Land of Lincoln and one of the nation’s best homeowner insurance companies.

    Methodology

    We evaluated the companies based on their customer rating and experience, financial stability, and coverage to determine the best providers. To compare home insurance companies across the board, we then calculated a Reviews.com score based on the following:

    • Customer Ratings — Customer ratings are an indication of satisfaction with the process of filing a claim. We measured this using J.D. Power Homeowners Satisfaction ratings.
    • Coverage — As there isn’t one company to fit everyone’s needs, we evaluated companies by the amount of coverage options and add-ons available. 
    • Confidence — It is extremely important for insurance companies to fulfill customers’ claims. Companies with sound financial strength will not have issues paying out claims, regardless of the amount. However, companies with weak financial strength might not be able to pay out claims. We measured this using AM Best’s ratings, which specializes in assessing the financial strength of insurance companies.
    • Customer Experience — The amount of complaints a company receives is an indicator of the overall customer experience as it expresses dissatisfaction. We have based this measure on the NAIC National Complaint Index.

    About the Authors

    Nina Rodríguez-Quirós

    Nina Rodríguez-Quirós Feature Writer

    Nina is a feature writer for Reviews.com since October 2019. She writes about finance, banking, and broadband. Nina holds a Master’s Degree in Theory and Research of Communications from the University of Puerto Rico. When she is not playing with words, she takes pictures and spends time with her loved ones.

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