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The Best Homeowners Insurance in Illinois of 2021

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    Best Illinois Home Insurance Overview

    • Travelers Insurance has the cheapest home insurance coverage in Illinois, based on our research, with an average annual premium of $1,166.
    • Illinois homeowners who want customizable coverage could consider Allstate or American Family.
    • New homeowners in Illinois might want to consider State Farm 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 

    Compare the Best Illinois Homeowners Insurance

    ProviderAverage PriceAM Best Financial StrengthJ.D. Power Overall Customer Satisfaction
    Allstate  $1,708A+829
    American Family $1,854 A821
    State Farm $1,205A++829
    Farmers $1,806B++814
    COUNTRY Financial$2,333A+855

    Information accurate as of September 2021

    *Data provided by Coverage.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.

    Allstate

    Best for coverage options

    Why we chose it

    Allstate offers a range of coverage options that could help you tailor your policy to your needs. The company’s discounts are also generous, making the company a good choice for anyone looking for solid coverage at a reasonable price.
    • 4 Reviews Score Score is based on company’s customer experience, financial stability, and coverage options.
    • $1,708 Average Premium Pricing data comes from our partners at Coverage.com.
    • A+ AM Best Rate AM Best rates insurance providers creditworthiness. Ratings are based on the provider’s ability to follow through with a payout when a consumer files a claim.
    • 829* J.D. Power J.D. Power scores are based on surveys for customer satisfaction and product quality.

    Why we chose it

    Allstate offers a range of coverage options that could help you tailor your policy to your needs. The company’s discounts are also generous, making the company a good choice for anyone looking for solid coverage at a reasonable price.

    Pros

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

    Cons

    Read More

    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.

    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 Score is based on company’s customer experience, financial stability, and coverage options.
    • $1,854 Average Premium Pricing data comes from our partners at Coverage.com.
    • A AM Best Rate AM Best rates insurance providers creditworthiness. Ratings are based on the provider’s ability to follow through with a payout when a consumer files a claim.
    • 821* J.D. Power J.D. Power scores are based on surveys for customer satisfaction and product quality.

    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
    • Helpful digital resources for new homebuyers

    Cons

    • Limited availability
    • Below-average customer satisfaction scores
    Read More

    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:

    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.

    State Farm

    Best Web Experience

    Why we chose it

    State Farm’s Simple Insights blog is full of helpful tips for homeowners, ranging from insurance explanations to home maintenance and improvement.
    • 3.75 Reviews Score Score is based on company’s customer experience, financial stability, and coverage options.
    • $1,205 Average Premium Pricing data comes from our partners at Coverage.com.
    • A++ AM Best Rate AM Best rates insurance providers creditworthiness. Ratings are based on the provider’s ability to follow through with a payout when a consumer files a claim.
    • 829* J.D. Power J.D. Power scores are based on surveys for customer satisfaction and product quality.

    Why we chose it

    State Farm’s Simple Insights blog is full of helpful tips for homeowners, ranging from insurance explanations to home maintenance and improvement.

    Pros

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

    Cons

    • Limited discounts
    Read More

    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:

    Farmers

    Farmers offers an unusual quoting system that features three tiers of service. Within those three tiers, you can further customize your policy.

    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 Score is based on company’s customer experience, financial stability, and coverage options.
    • $1,806 Average Premium Pricing data comes from our partners at Coverage.com.
    • B++ AM Best Rate AM Best rates insurance providers 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.

    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 as other providers
    Read More

    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.

    COUNTRY Financial

    Best for Bundling

    Why we chose it

    COUNTRY Financial gives policyholders a bundling discount for buying more than one insurance line, which is fairly common. But the company goes above and beyond by also giving bundling discounts for having a commercial insurance policy, a disability income policy, or a COUNTRY Trust Bank or annuity product with a balance of over $1,000.
    • ** Reviews Score Score is based on company’s customer experience, financial stability, and coverage options.
    • $2,333 Average Premium Pricing data comes from our partners at Coverage.com.
    • A+ AM Best Rate AM Best rates insurance providers creditworthiness. Ratings are based on the provider’s ability to follow through with a payout when a consumer files a claim.
    • 855* J.D. Power J.D. Power scores are based on surveys for customer satisfaction and product quality.

    Why we chose it

    COUNTRY Financial gives policyholders a bundling discount for buying more than one insurance line, which is fairly common. But the company goes above and beyond by also giving bundling discounts for having a commercial insurance policy, a disability income policy, or a COUNTRY Trust Bank or annuity product with a balance of over $1,000.

    Pros

    • Local agents available
    • 24/7 claims service
    • Provides a variety of discounts

    Cons

    • No mobile app for homeowners insurance
    • High average premium
    Read More

    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

    **Some carriers do not have enough information to generate a Reviews score.

    More Country Financial Insurance Reviews:

    Average Cost of Homeowners Insurance in Illinois

    The average annual premium for homeowners insurance in Illinois is $1,757. Compared to the national average home insurance premium of $1,211, Illinois residents can expect higher  premiums than homeowners in other states. 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 Quadrant Information Services data, 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 $1,757. However, homeowners may be able to find cheap home insurance rates, like $1,166 a year with Travelers.

    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: $200,000
    • Coverage B, Other Structures: $0
    • Coverage C, Personal Property: $100,000
    • Coverage D, Loss of Use: $40,000
    • Coverage E, Liability: $250,000
    • Coverage F, Medical Payments: $1,500

    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

    AAA $1,409
    Allstate $1,708
    American Family $1,854
    Chubb $2,956
    Country Financial $2,333
    Farmers $1,806
    Hastings Mutual $1,461
    State Farm $1,205
    Travelers $1,166
    USAA $1,409

    Source: Coverage.com

    Top 3 Most Expensive Companies for Illinois Homeowners Insurance 

    CompanyAverage Annual PremiumAverage Monthly Premium
    Chubb$2,956$246
    COUNTRY Financial$2,333$194
    American Family$1,854$154

    Top 3 Cheapest Companies for Illinois Homeowners Insurance

    CompanyAverage Annual PremiumAverage Monthly Premium
    Travelers$1,166$97
    State Farm$1,205$100
    AAA $1,409$117

    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

    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 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 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.

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