ILLINOIS HOMEOWNERS INSURANCE
Illinois Homeowners Insurance
From Joliet to Chicago and Springfield to Naperville, getting an Illinois homeowners insurance policy to protect your home, belongings, finances and peace of mind in the Land of Lincoln is extremely important.
We partnered with some of the top 10 homeowners insurance companies in Illinois to bring you the best property coverage at the cheapest prices. With our proprietary online quoting tool, all you need to do is type in your address, answer a few easy questions about your home and you’ll be matched with a tailored quote in minutes.
We pride ourselves on trying to reduce the average cost of homeowners insurance in Illinois for all of our customers. That means you get coverage for everything you need and nothing that you don’t. With options to choose from multiple quotes, multiple companies and the best prices, you won’t want to wait any longer to insure your home!
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What’s Covered With an Illinois Homeowners Insurance Policy?
Coverage A – Dwelling
☘ This covers the actual structure of your home and the components that make it, such as the roof, siding, windows, countertops and flooring. Since it protects the actual home itself, the amount of Coverage A on your policy should be the equivalent, or slightly more, than your home’s value.
Coverage B – Other Structures
☘ Everything from a white picket fence to a shed — and even a treehouse — are considered other structures. The structures must be on the homeowner’s property, though, and is typically up to 10 percent of the policy’s dwelling limit.
Coverage C – Personal Belongings
☘ Coverage C is designed to protect the policyholder’s personal belongings that are kept within the home. For homeowners, this coverage can extend to items kept on the property, such as a lawnmower.
Coverage D – Loss of Use
☘ Arguably the most underrated part of every homeowners insurance policy, loss of use helps to pay for things like equivalent housing and extra everyday expenses if the policyholder’s home is unable to live in after being damaged or destroyed.
Coverage E – Personal Liability
☘ Protection against accidents that occur on the policyholder’s property, personal liability can provide money for medical bills and legal expenses for incidents when the policyholder is found liable. Coverage extends to incidents like dog bites, major injuries and accidental death.
Coverage F – Medical Payments
☘ Similar to personal liability, medical payments to others (also called MedPay) covers minor injuries that occur on the policyholder’s property — whether or not they’re found liable for the incident. Policies usually have between $1,000 and $5,000 worth of MedPay coverage.
What are the common covered perils
Which Perils Are Most Commonly Covered by Homeowners Insurance in Illinois?
Although covered perils stay the same from state to state, that doesn’t mean every state faces the same troubles. Illinois is no different. The Land of Lincoln faces tornadoes from all sides, flooding of the Mississippi River, torrential rains, house fires and even bouts of small wildfires through the state’s dry season.
Luckily, your Illinois homeowners insurance policy can help protect your house, belongings and financial wellbeing if you are hit by an unexpected peril.
- ☘ Vandalism
- ☘ Theft
- ☘ Damage caused by vehicles
- ☘ Damage caused by aircraft
- ☘ Rioting or civil disturbances
- ☘ Smoke damage
- ☘ Fire or lightning
- ☘ Windstorm or hail, such as a hurricane or tornado
- ☘ Explosions
- ☘ Volcanic eruptions
- ☘ Frozen pipes
- ☘ Falling objects
- ☘ Damage caused by heating, air conditioning or plumbing
- ☘ Damage due to snow, ice or sleet
- ☘ Damage from water heater, including cracks, burns or tears
- ☘ Damage from electrical currents, such as downed powerlines
What’s the Average Cost of Homeowners Insurance in Illinois?
The average cost of homeowners insurance in Illinois is about $1,400 per year, which is just above the national average. Of course that price differs greatly depending on a number of factors, including where you live in the state.
From top to bottom, Illinois is one of the tallest states in the U.S., and the majority of the state’s population is congregated around the Chicago metropolitan area. Houses deep in the country and in smaller towns outside of Chicago tend to come with cheaper homeowners insurance prices.
While houses in the city and metropolitan area tend to have higher homeowners insurance premiums. One of the reasons is the stability of the housing market. Around Chicago, homes are typically more expensive, which means they need to be insured for more money.
Illinois homeowners insurance laws don’t require you to maintain coverage, but we highly recommend always keeping adequate coverage. Even though the state doesn’t require it, your lender will.
- Average Cost of Homeowners Insurance in Illinois: $1,400 per year
How to Get the Best Homeowners Insurance Illinois
No matter where you live in the Land of Lincoln or how much your home is valued at, Clovered is here to pair you with an Illinois homeowners insurance policy that meets your coverage needs and your budget.
Our easy-to-use online quoting platform compares quotes from multiple carriers so you always win. Just enter your address, answer a few quick questions and we’ll have you on your way with a new Illinois homeowners insurance policy in minutes.