Average renters insurance cost in Illinois

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Renters insurance costs in Illinois varies depending on various factors, including the coverage amount, insurance company, and individual circumstances. But, the average renters insurance cost in Illinois is $211 per year or $18 per month for coverage limits of $40,000 for personal property coverage, $100,000 in liability coverage and a $1000 deductible. These are average rates and actual premium costs may differ.

Renters insurance companies in Illinois

USAA offers affordable renters insurance in Illinois at an average annual rate of $159 followed by Nationwide and Auto-Owners, based on Insure.com’s analysis.

But it’s smart to get multiple quotes for various renters insurance companies in Illinois because the prices vary a lot among carriers.

Below we have compared the average annual and monthly renters insurance rates of insurance companies across Illinois.

Renters insurance calculator in Illinois

Select your state

Illinois

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Personal property coverage

Covers your personal belongings, such as your furniture, electronics, clothing, artwork, etc. Choose the amount you believe would cover all of your belongings.

$40,000

$20,000 $40,000 $60,000

Liability

Covers the medical expenses of people who are hurt while in your home or on your property, as well as damage you caused to others’ property. Also covers legal fees if you are sued by someone hurt in your home or on your property. Limits of $300,000 or $500,000 are recommended.

$100,000

$100,000 $300,000

Deductible

Choose the amount you want to pay out-of-pocket before insurance kicks in. This applies to your dwelling and personal belongings claims.

$1,000

$500 $1,000

Calculate

Average cost of renters insurance in Illinois by coverage level

As we discussed above, in Illinois, the average cost of renters insurance is $211 per year. These rates are for the coverage level of $40,000 for personal property coverage, $100,000 in liability coverage and a $1000 deductible.

However, if you lower the personal property coverage from $40,000 to $20,000, you will pay $158 per year for renters insurance in Illinois for $100,000 in liability protection and $1000 deductible.

Find below the average cost of renters insurance in Illinois for personal property coverage of $20,000 and $40,000.

Most affordable ZIP codes for renters insurance in Illinois

How much Illinois renters pay for insurance majorly depends on the ZIP code they live in. 61258 is the most affordable ZIP for renters insurance in Illinois among all the ZIP codes analyzed, at about $189 a year on average.

Rates vary based on the ZIP code, that’s why comparing quotes is one of the easiest ways to get the best deal on renters insurance in Illinois.

Least affordable ZIP codes for renters insurance in Illinois

Your ZIP code, among other factors, affects how much you pay for renters insurance in Illinois. 60699 is the least affordable ZIP code for Illinois renters at an average cost of $282 a year or $23 monthly.

We have analyzed quotes from the major insurance carriers across all the ZIP codes in Illinois. Below are the average annual renters insurance costs by ZIP code.

Renters insurance rates vary from one city to another. But with Insure.com, finding the right renters insurance policy is easy. Learn more about renters insurance costs for different cities below.

Renters and auto bundle discounts in Illinois

If you’re looking for ways to trim costs on your insurance premiums, consider purchasing renters and auto insurance from the same company.

Bundling policies can help you save an average of 16% per year in Illinois. Allstate offers the cheapest rate on renters and auto insurance bundle, you can save 11% a year on your premiums.

Final thoughts: Average renters insurance in Illinois

Renters insurance is a must-have for renters in Illinois. It protects your belongings in the event of damage from fire, theft, vandalism or any other natural disasters.

To find the best renters insurance at an affordable rate, shop around and compare quotes from multiple insurance companies. Consider factors like coverage options, deductibles, and customer reviews in addition to price.

Methodology

Insure.com commissioned Quadrant Information Services to gather renters insurance rates for all available ZIP codes in Illinois. These rates include a coverage limit of $100,000 for liability coverage, personal property coverage ranging from $20,000 to $40,000, and a $1,000 deductible, with credit tier alignment specified as good/none.

Explore other insurance options in Illinois

Average homeowners insurance cost in Illinois

Average car insurance cost in Illinois

Non-owner car insurance in Illinois

Shivani Gite

Contributing Writer

 

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Shivani Gite is a personal finance and insurance writer with a degree in journalism and mass communication. She is passionate about making insurance topics easy to understand for people and helping them make better financial decisions.

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