Best Illinois Home Insurance Overview
- USAA has the cheapest home insurance coverage in Illinois, based on our research, with an average annual premium of $843.
- Illinois homeowners who want customizable coverage could consider Allstate or State Farm.
- New homeowners in Illinois might want to consider American Family for coverage to take advantage of the company’s extensive resources for homebuyers.
A combination of Midwestern charm and affordable housing makes Illinois an attractive place to live. While the Prairie State has a lot to offer, there are challenges that its residents might encounter when choosing the right homeowners insurance company for their needs.
Our team studied the largest home insurance companies by market share in the state and reviewed average annual premiums, coverage offerings, discounts, and third-party scores to help you find the best coverage for you.
Our list of top contenders for the 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
- Allstate: Best for coverage options
- American Family: Best for new homebuyers
- State Farm: Best web experience
- Farmers: Best pricing options
- COUNTRY Financial: Best for bundling
Compare the Best Illinois Homeowners Insurance
| Provider | Average Annual Premium* | AM Best Financial Strength | J.D. Power Overall Customer Satisfaction** |
| Allstate | $1,168 | A+ | 829 |
| American Family | $1,042 | A | 821 |
| State Farm | $1,105 | A++ | 829 |
| Farmers | $1,499 | B++ | 814 |
| COUNTRY Financial | $2,355 | A+ | 855 |
Information accurate as of September 2021
*Data provided by Bankrate.com
**J.D. Power’s 2020 Home Insurance Satisfaction Study. Based on a 1,000-point scale.
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.
Best for Coverage Options
Why we chose it
Why we chose it
Pros
- Diverse coverage and discount opportunities
- Informative website and digital tools
- Above-average customer service
Cons
- High NAIC complaint index
- Financial strength ratings good, but not great
Discounts available
- Multi-policy
- Responsible payer
- Claim-free
- Welcome & loyalty
- Automatic payments
- Early signing
- Homebuyer
- Protective device
Add-on coverages
- Identity theft
- Water backup
- Scheduled personal property
- Business property
- Sports equipment
- Green improvement reimbursement
- Yard and garden
- Electronic data recovery
- Musical instruments
*J.D. Power 2020 Home Insurance Customer Satisfaction Survey, based on a 1,000-point scale
More Allstate Insurance Reviews:
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.
Best for New Homebuyers
Why we chose it
Why we chose it
Pros
- Customizable coverage options
- Helpful digital resources for new homebuyers
Cons
- Limited availability
- Below-average customer satisfaction scores
Discounts available
- Bundle & save
- Age of home
- Various billing discounts
- Loyalty
- Generational
- Renovated home
Add-on coverages
- Equipment breakdown
- Water backup
- Matching siding
- Credit theft protection & monitoring
- Hidden water damage
*J.D. Power 2020 Home Insurance Customer Satisfaction Survey, based on a 1,000-point scale
More American Family Insurance Reviews:
- American Family Homeowners Insurance Review
- American Family Renters Insurance Review
- American Family Auto Insurance Review
State Farm
State Farm offers above-average customer support along with competitive pricing and solid coverage options. The carrier’s Simple Insights blog can help you learn to maintain your home and understand your insurance needs.
Best Web Experience
Why we chose it
Why we chose it
Pros
- Financially strong
- Excellent web presence
- 19,000+ agents nationally
- Informative blog
Cons
- Limited discounts
Discounts available
- Multi-line
- Home security
- Impact-resistant roof discount
Add-on coverages
- Replacement cost coverage
- Identity restoration coverage
- Water back up coverage
- Earthquake insurance
- Ordinance/law coverage
- Personal articles coverage
*J.D. Power 2020 Home Insurance Customer Satisfaction Survey, based on a 1,000-point scale
More State Farm Insurance Reviews:
- State Farm Homeowners Insurance Review
- State Farm Renters Insurance Review
- State Farm Auto Insurance Review
Farmers
Farmers offers an unusual quoting system that features three tiers of service. Within those three tiers, you can further customize your policy.
Best Pricing Options
Why we chose it
Why we chose it
Pros
- Three tiers of coverage
- Bundling discounts
- Identity theft coverage available
Cons
- Sparse website
- Not as many discounts as other providers
Discounts available
- Claims-free
- Nonsmokers
- Multi-line
- Security system
- Professional group member discount
Add-on coverages
- Identity theft
- Eco-Rebuild
- Contents replacement cost
*J.D. Power 2020 Home Insurance Customer Satisfaction Survey, based on a 1,000-point scale
More Farmers Insurance Reviews:
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 might save time and money by working with a single insurer.
Best for Bundling
Why we chose it
Why we chose it
Pros
- Local agents available
- 24/7 claims service
- Provides a variety of discounts
Cons
- No mobile app for homeowners insurance
- High average premium
Discounts available
- Multi-policy
- Safe home
- New home
- Hail-resistive roof
- Safe heat
- Age of wiring
- New roof
Add-on coverages
- Water backup
- Earthquake
- Identity theft
*J.D. Power 2020 Home Insurance Customer Satisfaction Survey, based on a 1,000-point scale
More Country Financial Insurance Reviews:
Average Cost of Homeowners Insurance in Illinois
According to 2021 data from Bankrate.com, the average annual premium for homeowners insurance in Illinois is $1,322. Compared to the national average home insurance premium of $1,312, Illinois residents pay just about the same as the country as a whole. But keep in mind that factors like natural hazards risk, crime rates in your area, and your claims history will affect what you end up paying for your home insurance.
Your premium will also be based on your individual profile. This includes factors like the size and age of your home, the coverage options you choose, and what discounts you qualify for. Getting quotes from a few different companies might help you determine how much you’ll pay for coverage.
Average Premiums for Homeowners Insurance Companies in Illinois
Using 2021 Quadrant Information Services data from Bankrate.com, we analyzed home insurance companies in the United States and compared the best homeowners insurance rates in Illinois. We found that the average premium for home insurance in Illinois is $1,322. However, homeowners may be able to find cheap home insurance rates, like $843 a year with USAA.
These are sample rates and should be used for comparative purposes only. Your quotes may be different.
The coverage limits in our methodology are these:
- Coverage A, Dwelling: $250,000
- Coverage B, Other Structures: $25,000
- Coverage C, Personal Property: $125,000
- Coverage D, Loss of Use: $50,000
- Coverage E, Liability: $300,000
- Coverage F, Medical Payments: $1,000
The homeowners also have a $1,000 deductible and a separate wind and hail deductible (if required).
Average annual premium for Illinois homeowners insurance companies
| Insurance Company | Average Annual Premium* |
| USAA | $843 |
| Travelers | $946 |
| AAA | $954 |
| American Family | $1,042 |
| State Farm | $1,105 |
| Allstate | $1,168 |
| MetLife | $1,196 |
| Hastings Mutual | $1,424 |
| Farmers | $1,499 |
| Chubb | $1,817 |
| Country Financial | $2,355 |
*Based on $250,000 in dwelling coverage
Source: Bankrate.com
Top 3 Most Expensive Companies for Illinois Homeowners Insurance
| Company | Average Annual Premium | Average Monthly Premium |
| Country Financial | $2,355 | $196 |
| Chubb | $1,817 | $151 |
| Farmers | $1,499 | $125 |
Top 3 Cheapest Companies for Illinois Homeowners Insurance
| Company | Average Annual Premium | Average Monthly Premium |
| USAA | $843 | $70 |
| Travelers | $946 | $79 |
| AAA | $954 | $80 |
Illinois Home Insurance Considerations
Natural disasters such as flooding, thunderstorms, and tornadoes can affect the residents of Illinois. Therefore, you may want to check if you are covered for these scenarios. Add-on coverage options can increase your monthly premiums, but they can also 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. You may need to purchase an endorsement or a separate policy to get the coverage you need. Asking around about all these factors is vital during the quoting process since it could avoid economic windfalls if anything happens to your property.
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, 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 insurance.
If you want to learn more about the types of homeowners insurance, the local chapter of the Community Associations Institute wrote about the difference between the HO-3 and HO-6 policies to help you decide which one is the right one for your family. Remember that you may want to 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 policyholder’s price.
Homeowners Insurance FAQ
Methodology
We evaluated the companies based on their third-party agency ratings for customer experience, financial stability, as well as coverage options to determine which might be the best providers.
To compare home insurance companies across the board, we considered the following factors:
- 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 ratings indicate a positive history of being 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.
Rates are based on quoted annual premiums from Bankrate.com. These are sample rates and should be used for comparative purposes only. Your quotes may be different.
The coverage limits for home insurance rates reflect the following coverage and limits:
- Coverage A, Dwelling: $250,000
- Coverage B, Other Structures: $25,000
- Coverage C, Personal Property: $125,000
- Coverage D, Loss of Use: $50,000
- Coverage E, Liability: $300,000
- Coverage F, Medical Payments: $1,000
The homeowners also have a $1,000 deductible and a separate wind and hail deductible (if required).
About the Authors
Nina Rodríguez-Quirós is a feature writer for Reviews.com. Over the last year, she has covered insurance providers, claims handling, coverage and more. She has been featured in Allconnect.com and holds a Master’s Degree in Theory and Research of Communications from the University of Puerto Rico. Her favorite review is Millennials and Auto Insurance.
